Rice Family Foundation
- Assets
- $575.7k
- Revenue
- $20.5k
- Investments
- $534.6k
- Employees
- 0
- Location
- Hastings, MN
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 90-1028485
Organization Overview
Rice Family Foundation is located in Hastings, MN. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rice Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Rice Family Foundation generated $20.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $167.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rice Family Foundation has awarded 75 individual grants totaling $921,468. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel P Rice Director | 0 | $0 | |
Christine D Rice Director | 0 | $0 | |
Tyler P Rice Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,850 |
| Interest on Savings | $27 |
| Dividends & Interest | $12,733 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,938 |
| Capital Gain Net Income | $21,102 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $341 |
| Total operating and administrative expenses | $2,441 |
| Contributions, gifts, grants paid | $165,500 |
| Total expenses and disbursements | $167,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,086 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $534,606 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $575,692 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rice Family Foundation has awarded $165,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GENERATION CITIZEN PURPOSE: GENERAL SUPPORT | $2,500 |
LEAD MN PURPOSE: GENERAL SUPPORT | $5,000 |
MINNESOTA ZOO FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
NATIONAL PARKS CONSERVATION ASSOCIATION PURPOSE: GENERAL SUPPORT | $50,000 |
SUIT UP PURPOSE: GENERAL SUPPORT | $1,300 |
THREE RIVERS PARK DISTRICT FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |