Rice Foundation EIN 76-0140725 Form 990 (PDF) Claim this org

Rice Foundation FY2023 filing

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Supports education, science, and research for the U.S. rice industry. For fiscal year 2023 it reported $659K in revenue, $423K in expenses, and $1.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Food & Agriculture
Location
Arlington, VA
Website
www.usarice.com
Filings
6 on file (2020–2023)
Revenue
$659KFY2023
Expenses
$423K
Net assets
$1.2M
People
31
Filings
6
Updates
0
More identity details & actions ⌄
EIN  76-0140725 Public charity (501(c)(3)) Arlington, VA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Supports education, science, and research for the U.S. rice industry.
Leadership
Timothy Gertson · Chair
Money in and out
$659K revenue, $423K expenses
Bottom line
80% program efficiency
Where the money goes · FY2023
Total revenue
$659K
Pt VIII · Ln 12
Total expenses
$423K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $236K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs
Operating runway
271.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+36%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$659K
FY2023▲ +69%
Expenses
$423K
FY2023▲ +21%
Total assets
$9.8M
FY2023▼ -22%
Total liabilities
$8.6M
FY2023▼ -26%
Total revenue
$659K
Pt VIII · Ln 12
Total expenses
$423K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$236K
Total assetsPt X · Ln 16$9.8M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 328
Independent voting membersPt I · Ln 428
Mission & Programs · Part III

Where the work happens

3 program services account for $340K of program spending, described in the organization's own filed words · FY2022.
01

Leadership Development

The Rice Leadership Development Program gives future leaders a comprehensive understanding of the rice industry, with an emphasis on personal development and communication skills.

$189Kprogram expense
02

Regional Conservation Partnership Program

The purpose of the Regional Conservation Partnership Program (RCPP) is to promote coordination between Natural Resources Conservation Service (NRCS) and its partners to deliver conservation assistance to producers and landowners.

$79Kprogram expense
03

Industry Education and Research

A key part of The Rice Foundation's mission is supporting research that benefits the entire U.S. rice industry. Currently, projects focus on conservation, sustainability, and nutrition.The National Rice Month Scholarship Video Contest is an opportunity for graduating high school students living in one of those six rice-growing states to…

$72Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRice Foundation
EINHdr · item D76-0140725
Principal addressHdr · item CArlington, VA
WebsiteHdr · item Jwww.usarice.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K20E)
Ruling yearIRS BMFAug 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a28
Independent voting membersPt VI · Ln 1b28
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$659K
Investment income$813
Total revenueLn 12$659K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$340K
Management & general20%$84K
Total functional expensesLn 25$423K

Balance Sheet

Part X · end of year
CashLn 1$9.6M
Total assetsLn 16$9.8M
Total liabilitiesLn 26$8.6M
Total net assetsLn 32$1.2M
Months of cash on handcomputed271.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9.6M · Operating expenses/yr $423K
271.4 months
Where the money goes
Program services
Program services $340K · Total expenses $423K
80%
Management & General
Management & general $84K · Total expenses $423K
20%
Fundraising
Fundraising $0 · Total expenses $423K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $452K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $659K · Total revenue $659K
100%
Government reliance
Government grants — · Total revenue $659K
Earned-income share
Program service revenue $0 · Total revenue $659K
0%
Investment reliance
Investment income $813 · Total revenue $659K
+0.1%
Program self-sufficiency
Program service revenue $0 · Total expenses $423K
0%
Growth & trend
Revenue growth (YoY)
This year $659K · Prior year $390K
+69%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $659K · Expenses $423K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $9.8M
Net-asset ratio
Net assets $1.2M · Total assets $9.8M
12%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $9.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Timothy Gertson · Reported title Chair · Highest reported compensation $0 · Total expenses $423K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $423K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 0%
Revenue growth 69%
Legal fee ratio 0.1%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Aarq TrustFY2025$104K
Total grants receivedfrom 1 funder$104K
Grants paid · 10 grants · $302K · 2019–2024
Unitemized GrantFY2024$19,000
USA Rice FederationVA · FY2024$10,264
Unitemized GrantFY2023$7,000
USA Rice FederationVA · FY2022$60,000
Unitemized GrantFY2022$11,933
USA Rice FederationVA · FY2021$50,000
Unitemized GrantFY2021$12,000
USA Rice FederationVA · FY2020$70,000
Unitemized GrantFY2020$11,500
USA Rice FederationVA · FY2019$50,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$595K revenue · ⤓ 990 PDF
FY2024$461K revenue · ⤓ 990 PDF
FY2023$659K revenue · viewing · ⤓ 990 PDF
FY2022$390K revenue · ⤓ 990 PDF
FY2021$341K revenue · ⤓ 990 PDF
FY2020$387K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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