Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1970.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
72 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
63 people listed on the 990; $24.1M paid to officers and key staff.
Allison Thacker’s $2.9M as Chief Investment Officer, Treasurer, Assistant Secretary is at the 93rd percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Allison Thacker | $2,885,616 | $1,125,663 | $1,010,215 | $1,192,572 | $1,558,868 | $1,583,993 |
| David Leebron | $483,745 | $2,686,055 | $1,290,230 | $1,318,981 | $1,528,621 | $1,272,243 |
| Reginald Desroches | $1,640,959 | $1,286,186 | $1,131,328 | $631,601 | $586,191 | $441,373 |
| Kevin Kirby | — | — | $1,266,742 | $547,896 | $509,235 | $588,516 |
| John Lawrence | $1,097,039 | $990,668 | $886,891 | $714,588 | $710,945 | — |
| Brent Smith | $1,096,446 | $940,580 | $913,114 | $924,956 | $778,045 | $915,272 |
| Michael Bloomgren | $1,008,819 | $966,912 | $921,489 | $866,330 | $846,583 | $878,767 |
| Craig Beech | $1,001,444 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Provides a research library with extensive collections and public access for education and scholarship.
Questions for William Marsh Rice University
Your first name shows with your question. William Marsh Rice University answers here, for everyone.
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Departmental research and instruction, and other institutional activities. Rice University is accredited by the Southern Association Of Colleges And Schools Commission On Colleges (SACS-COC), Accreditation Board For Engineering And Technology (ABET), International Association for Management Education (AACSB International), National…
Basic scientific research and training and other sponsored educational programs. From its inception, Rice has been dedicated, in the words of its first president Edgar Odell Lovett,"As much to investigation as to instruction to providing a setting in which faculty would join the "pleasures of teaching" with "the privileges of research."…
Operations of a library that serves students, faculty, staff, alumni, and friends of William Marsh Rice University and is open to the public by charter. The Fondren Library subscribes to approximately 72,000 current journals (print and electronic) and houses over 3,032,000 print volumes and 3,276,000 units of microforms.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $144.3M | $64.6M |
| InvestmentsLn 11–13 | $8.66B | $9.08B |
| Land, buildings, equipmentLn 10c | $1.56B | $1.70B |
| Total assetsLn 16 | $10.65B | $11.18B |
| LiabilitiesLn 26 | $1.76B | $1.79B |
| Net assetsLn 32 | $8.90B | $9.39B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | $0 | ||
| Grants to domestic individualsLn 2 | $297.7M | $297.7M | ||
| Grants and assistance to foreign recipientsLn 3 | $4.0M | $4.0M | ||
| Pay of current officers, directors and key staffLn 5 | $15.7M | $4.7M | $9.2M | $1.8M |
| Pay of disqualified personsLn 6 | $455K | $455K | ||
| Other salaries and wagesLn 7 | $499.6M | $335.3M | $151.3M | $13.0M |
| Pension plan contributionsLn 8 | $35.9M | $23.7M | $11.2M | $1.0M |
| Other employee benefitsLn 9 | $57.8M | $38.1M | $18.0M | $1.7M |
| Payroll taxesLn 10 | $29.6M | $19.6M | $9.2M | $851K |
| Legal feesLn 11b | $929K | $87K | $842K | |
| Accounting feesLn 11c | $1.0M | $1.0M | ||
| Lobbying feesLn 11d | $412K | $412K | ||
| Investment management feesLn 11f | $19.7M | $19.7M | ||
| Other fees for servicesLn 11g | $53.9M | $21.3M | $31.3M | $1.3M |
| Advertising and promotionLn 12 | $7.9M | $2.6M | $5.0M | $253K |
| Office expensesLn 13 | $25.5M | $21.7M | $0 | $3.8M |
| Information technologyLn 14 | $25.7M | $2.6M | $22.4M | $678K |
| RoyaltiesLn 15 | $353K | $6K | $347K | |
| OccupancyLn 16 | $21.6M | $2.9M | $18.6M | $142K |
| TravelLn 17 | $27.4M | $15.1M | $11.4M | $918K |
| Conferences, conventions and meetingsLn 19 | $25.0M | $8.0M | $15.0M | $2.0M |
| InterestLn 20 | $45.4M | $45.4M | ||
| Depreciation, depletion and amortizationLn 22 | $82.3M | $59.9M | $21.8M | $629K |
| InsuranceLn 23 | $7.6M | $4K | $7.6M | $5K |
| Other expenses (24a–d)Ln 24 | $74.3M | $74.3M | ||
| All other expensesLn 24e | $10.1M | $9.8M | $0 | $304K |
| Total functional expensesLn 25 | $1.37B | $987.1M | $354.3M | $28.4M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $1.6B | $1.4B | $265.9M | $9.4B | 990 PDF |
| FY2024 | $1.4B | $1.3B | $150.3M | $8.9B | 990 PDF |
| FY2023 | $1.1B | $1.1B | −$18.0M | $7.8B | 990 PDF |
| FY2022 | $1.4B | $1.0B | $333.8M | $8.1B | 990 PDF |
| FY2021 | $1.3B | $1.0B | $278.8M | $8.9B | 990 PDF |
| FY2020 | $976.5M | $925.3M | $51.2M | $7.0B | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $1,635,701,788 revenue, 12 lines filed
Part VI · Governance 24 of 26 board members independent, no flags
Part VIII · Statement of revenue $1,635,701,788 across 16 lines filed
Part IX · Statement of functional expenses $1,369,765,124 across 26 lines filed
Part X · Balance sheet $11,183,685,000 assets, 20 lines filed
Part XI · Reconciliation of net assets $9,394,993,000 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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