Rice Research Trust
- Assets
- $12.2m
- Revenue
- $924.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Biggs, CA
- Founding
- 10/1964
- Data as of
- 06/2022
- EIN
- 94-6109102
Organization Overview
Rice Research Trust is located in Biggs, CA. The organization was established in 1964. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rice Research Trust 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 06/2022, Rice Research Trust generated $924.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $133.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDS FROM INVESTMENT OF TRUST ASSETS TO SUPPORT RESEARCH ACTIVITIES FOR AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR THE TRUST PROVIDED GRANT FUNDING TO THE CALIFORNIA COOPERATIVE RICE RESEARCH FOUNDATION, INC., #94-1230307, A 501(C) (5) ORGANIZATION, IN THE AMOUNT OF $57,648.ADDITIONALLY, THE TRUST PROVIDES SCHOLARSHIPS. THESE SCHOLARSHIPS ARE GIVEN TO FULL-TIME GRADUATE OR UNDERGRADUATE STUDENTS ENROLLED IN THE UNIVERSITY OF CALIFORNIA OR CALIFORNIA STATE UNIVERSITY SYSTEMS WITH DEMONSTRATED INTEREST IN PURSUING STUDIES IN RICE IMPROVEMENT, PROTECTION, MANAGEMENT OR UTILIZATION. ADDITIONAL ELIGIBILITY REQUIREMENTS INCLUDE U.S. CITIZENSHIP AND A GRADE POINT AVERAGE THAT QUALIFIES FOR ENTRANCE TO GRADUATE SCHOOL. ONE SCHOLARSHIP WAS AWARDED THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Willey Chairman | OfficerTrustee | 0.25 | $0 |
Dustin L Harrell PHD Executive Director (beg 11/21) | OfficerTrustee | 1 | $0 |
Gary Enos Director | Trustee | 0.25 | $0 |
Robert A Doornbos Jr Treasurer | Trustee | 0.25 | $0 |
Aaron Scheidel Director | Trustee | 0.25 | $0 |
Carl Funke Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $536,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,380 |
| Total Program Service Revenue | $0 |
| Investment income | $208,358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $179,382 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $924,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,648 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,839 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $133,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,341,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,845,856 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,187,112 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $12,187,112 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,187,112 |
Grants Awarded
Over the last fiscal year, Rice Research Trust has awarded $249,861 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Biggs, CA PURPOSE: SUPPORT AGRICULTURAL RESEARCH | $234,860 |
UNIV OF CALIF DAVIS REGENTS PURPOSE: SUPPORT AGRICULTURAL RESEARCH | $15,001 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rice Research Trust has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Eddie Williamson Family Foundation Willows, CA PURPOSE: SCIENTIFIC RESEARCH DISEASES IN RICE INDUSTRY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hollywood Food Coalition Los Angeles, CA | $2,007,696 | $4,889,589 |
Vegan Outreach Inc Sacramento, CA | $1,835,632 | $3,857,302 |
Extrafood Org Kentfield, CA | $1,043,116 | $3,726,496 |
Western Association Of Food Chains Inc Lakewood, CA | $16,191,809 | $2,488,760 |
Kitchens For Good San Diego, CA | $2,990,533 | $3,877,346 |
Rusted Gate Farm Central Point, OR | $26,968,465 | $736,907 |
Sustainable Organic Integrated Livelihoods Sebastopol, CA | $1,648,475 | $1,990,232 |
Napa Valley Grapegrowers Foundation Napa, CA | $6,857,190 | $2,606,656 |
American Vineyard Foundation Napa, CA | $3,293,830 | $1,528,947 |
Sustainable Agriculture And Food Systems Funders Santa Barbara, CA | $2,132,633 | $1,752,971 |
Marys Kitchen Orange, CA | $2,740,511 | $1,686,151 |
Oregon Beer & Wine Distributors Association Portland, OR | $170,887 | $448,533 |