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Nonprofiteer
← WILLIAM MARSH RICE UNIVERSITY

Form 990 for tax year 2024

Filed by WILLIAM MARSH RICE UNIVERSITY.

Totals

Total revenue
$1,635,701,788
Total expenses
$1,369,765,124
Contributions and grants received
$349,500,594
Grants paid
$301,634,224
Program services expenses (Part IX)
$987,065,032
Management and general expenses
$354,313,984
Fundraising expenses
$28,386,108
Program service expenses (Part III)
$987,065,032

Program services were 72.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Reginald Desroches

    President

    Total calculated
    $2,074,566
    From this org
    $1,640,959
    From related orgs
    $0
    Other
    $433,607
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,087,459
    Bonus
    $500,000
    Other
    $53,500
    Deferred
    $166,653
    Nontaxable benefits
    $266,954
    Filer's total
    $2,074,566

  • Asuka Nakahara

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Bart Broadman

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Brandy Morrison

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Brian Patterson

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Byron Pope

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Cathryn Selman

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Claudia Gee Vassar

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Elle Anderson

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Elle Moody

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • George Gonzalez

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Gloria Tarpley

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Holli Ladhani

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • James Whitehurst

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Kneale

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jeremy Thigpen

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Joshua Earnest

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Lori Whitten

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Mark Durcan

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Michael Yuen

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Michol L Ecklund

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Patricia Kraft

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Randa Duncan Williams

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Robert T Ladd

    Chair, Board of Trustees

    Total calculated
    $0
    Hours/week
    5

  • Terrence Gee

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Vinay Pai

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Allison Thacker

    Chief Investment Officer, Treasurer, Assistant Secretary

    Total calculated
    $2,975,212
    From this org
    $2,885,616
    From related orgs
    $0
    Other
    $89,596
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    $1,915,553
    Bonus
    $927,563
    Other
    $42,500
    Deferred
    $43,320
    Nontaxable benefits
    $46,276
    Filer's total
    $2,975,212

  • Amy Dittmar

    Provost and Executive Vice President for Academic Affairs

    Total calculated
    $1,084,857
    From this org
    $880,805
    From related orgs
    $0
    Other
    $204,052
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $750,305
    Bonus
    $100,000
    Other
    $30,500
    Deferred
    $176,654
    Nontaxable benefits
    $27,398
    Filer's total
    $1,084,857

  • Bradley Fralic

    Associate VP Finance, Controller, Associate Treasurer

    Total calculated
    $371,532
    From this org
    $305,511
    From related orgs
    $0
    Other
    $66,021
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $295,511
    Bonus
    $10,000
    Other
    $0
    Deferred
    $39,331
    Nontaxable benefits
    $26,690
    Filer's total
    $371,532

  • Brian Padley

    VP for Information Technology and Chief Information Officer

    Total calculated
    $487,749
    From this org
    $423,061
    From related orgs
    $0
    Other
    $64,688
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $392,561
    Bonus
    $0
    Other
    $30,500
    Deferred
    $43,320
    Nontaxable benefits
    $21,368
    Filer's total
    $487,749

  • Caroline Levander

    VP for Global

    Total calculated
    $532,672
    From this org
    $400,584
    From related orgs
    $0
    Other
    $132,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,584
    Bonus
    $40,000
    Other
    $50,000
    Deferred
    $109,987
    Nontaxable benefits
    $22,101
    Filer's total
    $532,672

  • Cindy Melton

    Associate Vice President, Investments and Associate Treasurer

    Total calculated
    $662,835
    From this org
    $574,152
    From related orgs
    $0
    Other
    $88,683
    Hours/week
    40 + 7 related

    Schedule J breakdown matched by us

    Base
    $347,520
    Bonus
    $173,644
    Other
    $52,988
    Deferred
    $43,320
    Nontaxable benefits
    $45,363
    Filer's total
    $662,835

  • Claire Nelson

    Associate Treasurer and Assistant Secretary

    Total calculated
    $326,335
    From this org
    $251,994
    From related orgs
    $0
    Other
    $74,341
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $244,090
    Bonus
    $3,000
    Other
    $4,904
    Deferred
    $31,770
    Nontaxable benefits
    $42,571
    Filer's total
    $326,335

  • Diana X Garcia

    Director of Treasury and Finance and Associate Treasurer

    Total calculated
    $248,435
    From this org
    $197,074
    From related orgs
    $0
    Other
    $51,361
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,243
    Bonus
    $0
    Other
    $8,831
    Deferred
    $12,291
    Nontaxable benefits
    $39,070
    Filer's total
    $248,435

  • Joseph Davidson

    Senior Associate General Counsel and Assistant Secretary

    Total calculated
    $474,644
    From this org
    $397,161
    From related orgs
    $0
    Other
    $77,483
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $329,604
    Bonus
    $67,557
    Other
    $0
    Deferred
    $43,320
    Nontaxable benefits
    $34,163
    Filer's total
    $474,644

  • Katrina Spencer

    Senior Associate Vice President, CFO, Treasurer and Assistant Secretary

    Total calculated
    $506,236
    From this org
    $472,837
    From related orgs
    $0
    Other
    $33,399
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $387,037
    Bonus
    $40,000
    Other
    $45,800
    Deferred
    $32,970
    Nontaxable benefits
    $429
    Filer's total
    $506,236

  • Kelly Fox

    Executive VP for Finance and Administration, Associate Treasurer and Assistant Secretary

    Total calculated
    $1,010,304
    From this org
    $816,653
    From related orgs
    $0
    Other
    $193,651
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    $643,153
    Bonus
    $120,000
    Other
    $53,500
    Deferred
    $151,654
    Nontaxable benefits
    $41,997
    Filer's total
    $1,010,304

  • Kenneth Jett

    Vice President Facilities & Capital Construction & President Rice Real Estate

    Total calculated
    $523,249
    From this org
    $454,130
    From related orgs
    $0
    Other
    $69,119
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $390,380
    Bonus
    $50,000
    Other
    $13,750
    Deferred
    $44,792
    Nontaxable benefits
    $24,327
    Filer's total
    $523,249

  • Melinda Spaulding Chevalier

    Vice President of Public Affairs

    Total calculated
    $623,219
    From this org
    $528,014
    From related orgs
    $0
    Other
    $95,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $445,014
    Bonus
    $60,000
    Other
    $23,000
    Deferred
    $62,137
    Nontaxable benefits
    $33,068
    Filer's total
    $623,219

  • Omar Syed

    Vice President, General Counsel and Secretary

    Total calculated
    $637,441
    From this org
    $562,190
    From related orgs
    $0
    Other
    $75,251
    Hours/week
    40 + 9 related

    Schedule J breakdown matched by us

    Base
    $489,615
    Bonus
    $50,000
    Other
    $22,575
    Deferred
    $72,970
    Nontaxable benefits
    $2,281
    Filer's total
    $637,441

  • Paul Cherukuri

    Vice President for Innovation

    Total calculated
    $427,675
    From this org
    $291,842
    From related orgs
    $0
    Other
    $135,833
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $218,842
    Bonus
    $42,500
    Other
    $30,500
    Deferred
    $103,740
    Nontaxable benefits
    $32,093
    Filer's total
    $427,675

  • Ramesh Ramamoorthy

    Executive VP for Research

    Total calculated
    $983,263
    From this org
    $770,402
    From related orgs
    $0
    Other
    $212,861
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $621,902
    Bonus
    $95,000
    Other
    $53,500
    Deferred
    $176,654
    Nontaxable benefits
    $36,207
    Filer's total
    $983,263

  • Stephen Bayer

    Vice President for Development & Alumni Relations

    Total calculated
    $1,076,208
    From this org
    $957,601
    From related orgs
    $0
    Other
    $118,607
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $829,101
    Bonus
    $75,000
    Other
    $53,500
    Deferred
    $72,487
    Nontaxable benefits
    $46,120
    Filer's total
    $1,076,208

  • Veta Byrd-Perez

    Senior Associate General Counsel and Assistant Secretary

    Total calculated
    $352,719
    From this org
    $273,915
    From related orgs
    $0
    Other
    $78,804
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $237,415
    Bonus
    $6,000
    Other
    $30,500
    Deferred
    $35,211
    Nontaxable benefits
    $43,593
    Filer's total
    $352,719

  • Yvonne Romero

    Dean for Admissions and Financial Aid

    Total calculated
    $442,939
    From this org
    $378,582
    From related orgs
    $0
    Other
    $64,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,082
    Bonus
    $30,000
    Other
    $44,500
    Deferred
    $43,320
    Nontaxable benefits
    $21,037
    Filer's total
    $442,939

  • Luay Nakhleh

    Dean of George R. Brown School of Engineering

    Total calculated
    $630,917
    From this org
    $591,674
    From related orgs
    $0
    Other
    $39,243
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $548,674
    Bonus
    $20,000
    Other
    $23,000
    Deferred
    $37,925
    Nontaxable benefits
    $1,318
    Filer's total
    $630,917

  • Peter Rodriguez

    Dean of Jones Graduate Business School of Business

    Total calculated
    $954,160
    From this org
    $877,414
    From related orgs
    $0
    Other
    $76,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $830,814
    Bonus
    $25,000
    Other
    $21,600
    Deferred
    $43,320
    Nontaxable benefits
    $33,426
    Filer's total
    $954,160

  • Thomas Killian

    Dean of Wiess School of Natural Sciences

    Total calculated
    $542,290
    From this org
    $470,918
    From related orgs
    $0
    Other
    $71,372
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $420,418
    Bonus
    $20,000
    Other
    $30,500
    Deferred
    $43,320
    Nontaxable benefits
    $28,052
    Filer's total
    $542,290

  • Thomas McClelland

    Director of Athletics

    Total calculated
    $857,066
    From this org
    $764,895
    From related orgs
    $0
    Other
    $92,171
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $621,895
    Bonus
    $120,000
    Other
    $23,000
    Deferred
    $49,220
    Nontaxable benefits
    $42,951
    Filer's total
    $857,066

  • Bernard Banks

    Associate Professor

    Total calculated
    $822,037
    From this org
    $779,357
    From related orgs
    $0
    Other
    $42,680
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $725,857
    Bonus
    $0
    Other
    $53,500
    Deferred
    $39,533
    Nontaxable benefits
    $3,147
    Filer's total
    $822,037

  • Brent Smith

    Associate Professor

    Total calculated
    $1,171,411
    From this org
    $1,096,446
    From related orgs
    $0
    Other
    $74,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,065,946
    Bonus
    $0
    Other
    $30,500
    Deferred
    $43,320
    Nontaxable benefits
    $31,645
    Filer's total
    $1,171,411

  • Craig Beech

    Investment Manager

    Total calculated
    $1,087,335
    From this org
    $1,001,444
    From related orgs
    $0
    Other
    $85,891
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $467,094
    Bonus
    $481,950
    Other
    $52,400
    Deferred
    $43,320
    Nontaxable benefits
    $42,571
    Filer's total
    $1,087,335

  • John Lawrence

    Investment Manager

    Total calculated
    $1,172,708
    From this org
    $1,097,039
    From related orgs
    $0
    Other
    $75,669
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $528,364
    Bonus
    $538,175
    Other
    $30,500
    Deferred
    $32,970
    Nontaxable benefits
    $42,699
    Filer's total
    $1,172,708

  • Michael Bloomgren

    Football Coach

    Total calculated
    $1,072,024
    From this org
    $1,008,819
    From related orgs
    $0
    Other
    $63,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $956,319
    Bonus
    $10,000
    Other
    $42,500
    Deferred
    $32,970
    Nontaxable benefits
    $30,235
    Filer's total
    $1,072,024

  • David Leebron

    Former President

    Total calculated
    $560,001
    From this org
    $483,745
    From related orgs
    $0
    Other
    $76,256
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $433,745
    Bonus
    $0
    Other
    $50,000
    Deferred
    $43,320
    Nontaxable benefits
    $32,936
    Filer's total
    $560,001

  • Eno-Obong Oregbesan

    Former Officer

    Total calculated
    $229,009
    From this org
    $180,965
    From related orgs
    $0
    Other
    $48,044
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,465
    Bonus
    $3,500
    Other
    $0
    Deferred
    $15,037
    Nontaxable benefits
    $33,007
    Filer's total
    $229,009

  • Jeffrey Barnes

    Former Officer

    Total calculated
    $282,754
    From this org
    $250,480
    From related orgs
    $0
    Other
    $32,274
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,480
    Bonus
    $6,000
    Other
    $23,000
    Deferred
    $21,858
    Nontaxable benefits
    $10,416
    Filer's total
    $282,754

  • Jeffrey Falk

    Former Officer

    Total calculated
    $268,112
    From this org
    $236,722
    From related orgs
    $0
    Other
    $31,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,755
    Bonus
    $0
    Other
    $11,967
    Deferred
    $20,290
    Nontaxable benefits
    $11,100
    Filer's total
    $268,112

  • Larry Perez

    Former Officer

    Total calculated
    $215,957
    From this org
    $168,428
    From related orgs
    $0
    Other
    $47,529
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $158,261
    Bonus
    $0
    Other
    $10,167
    Deferred
    $19,062
    Nontaxable benefits
    $28,467
    Filer's total
    $215,957

  • Peter Rossky

    Former Dean

    Total calculated
    $485,658
    From this org
    $409,346
    From related orgs
    $0
    Other
    $76,312
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $364,846
    Bonus
    $0
    Other
    $44,500
    Deferred
    $43,320
    Nontaxable benefits
    $32,992
    Filer's total
    $485,658

  • Robert Yekovich

    Former Dean

    Total calculated
    $557,301
    From this org
    $499,044
    From related orgs
    $0
    Other
    $58,257
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $458,391
    Bonus
    $0
    Other
    $40,653
    Deferred
    $43,320
    Nontaxable benefits
    $14,937
    Filer's total
    $557,301

  • Ronica Smucker

    Former Officer

    Total calculated
    $408,342
    From this org
    $336,444
    From related orgs
    $0
    Other
    $71,898
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,573
    Bonus
    $0
    Other
    $26,871
    Deferred
    $43,320
    Nontaxable benefits
    $28,578
    Filer's total
    $408,342

  • Seiichi Matsuda

    Former Interim Provost

    Total calculated
    $441,839
    From this org
    $387,559
    From related orgs
    $0
    Other
    $54,280
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $357,059
    Bonus
    $0
    Other
    $30,500
    Deferred
    $43,320
    Nontaxable benefits
    $10,960
    Filer's total
    $441,839

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
The University's written travel policy permits payment only of necessary and reasonable expenses for travel on University business. The University's policies constitute an accountable plan and are designed to comply with applicable Internal Revenue Service rules. Coach class airfare is required except in certain limited circumstances; these include medical necessity, contractual obligations, and scheduled flight segments over six hours in length, when business class fares may be used with prior approval. In rare cases, when an exception applies and no business class fare is available, a first class fare may be used, again with prior approval and documentation. Charter travel is sometimes employed for athletics teams, including coaches, when such travel is the least costly method of transportation.
Schedule J, Part I, Line 1a Travel for companions
Under the University's travel policy, the University does not pay the travel cost of companions, unless there is a valid University business purpose for the companion's travel. Written approval must be obtained in advance from the president, provost, or appropriate dean / vice president documenting the reason for incurring the expense. When the University uses chartered air or ground transportation, travel for companions may occasionally be included if the University incurs no additional cost. The president has adopted a policy that allows vice presidents to take their spouse as a regular course of business.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
The president of the University is required to occupy University-owned housing as a condition of employment. The fair market value of the housing provided, based on the appraised value of the house, is reported in the president's compensation as a non-taxable benefit.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
Social club dues were paid for the President of the University and the Vice President for Development & Alumni Relations, and are included in compensation when appropriate.
Schedule J, Part I, Line 1a Personal services
See the response to Schedule J, Part I, Line 1A for Housing. The President is also provided with chauffeured service when he leaves the University property.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The CORD (Compensation and Organizational Development) Committee of the Board of Trustees of Rice University has a procedure in place to assure the Board of Trustees that compensation arrangements for the president and other organization officers and managers are reasonable. The procedure is designed to comply with the requirements of Section 4958 of the Internal Revenue Code and Internal Revenue Service regulations. The CORD Committee maintains a roster of disqualified persons, as defined by the IRS, for whose compensation the procedure is used. The roster is reviewed periodically but at least annually. The procedure was last evaluated with the full board in December 2014. The procedure requires three elements as follows: 1) The terms of transactions are approved by the organization's governing body, or a committee thereof, whose members have no conflict of interest with respect to the arrangement. The Board of Trustees delegated authority to the CORD Committee to act on behalf of the Board in these matters at its meeting on March 25, 1999. Compensation arrangements are reviewed and approved by the CORD Committee before the effective date. Members of the CORD Committee recuse themselves from any vote in which there is a potential or actual conflict of interest. 2) The governing body or committee obtains and relies upon appropriate, comparable data before making its determination. Rice participates in the annual survey by Willis Towers Watson of select universities' executive compensation, and additional appropriate peer surveys. These reports reflect executive compensation in universities of a stature similar to that of Rice, and with which Rice competes for faculty and staff. The CORD Committee may also seek and rely on other relevant information, including compensation paid by other taxable and tax-exempt organizations for functionally comparable positions, geographic market forces, and actual written offers from similar institutions competing for services. The CORD Committee relies on this data and documents any determinations that reasonable compensation is an amount more than the range of comparable data. 3) The governing body or committee adequately documents the basis for making determinations concurrently with making decisions. Minutes documenting the CORD Committee's deliberations are prepared contemporaneously for review and approval at its next meeting.
Schedule J, Part I, Line 4a Severance or change-of-control payment
Michael Bloomgren received a severance payout of $250,000
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
The following officer(s), director(s), trustee(s), key employee(s) and/or highest compensated employees participated in or received payment from a supplemental non-qualified retirement plan in calendar year 2024, subject to satisfying vesting conditions related to continuing service to the university. Award amounts that may or may not have vested are shown below. Amounts that became taxable during the year due to vesting or distribution are included in Part II, column B (iii). Accruals for awards that have not vested are included in the amounts shown in Part II, column C. Reginald DesRoches: $200,000 current year award; $123,333 accrual for awards not yet vested. Amy Dittmar: $100,000 current year award; $133,334 accrual for awards not yet vested. Ramesh Ramamoorthy: $100,000 current year award; $133,334 accrual for awards not yet vested. Kelly Fox: $100,000 current year award; $108,334 accrual for awards not yet vested. Peter Rodriguez: $50,000 current year award; $169,914 awards vested and paid out. Caroline Levander: $50,000 current year award; $66,667 accrual for awards not yet vested. Omar Syed: $30,000 current year award; $40,000 accrual for awards not yet vested. Paul Cherukuri: $50,000 current year award; $66,667 accrual for awards not yet vested. Thomas McClelland: $50,000 current year award; $16,250 accrual for awards not yet vested. Stephen Bayer: $50,000 current year award; $29,167 accrual for awards not yet vested. Melinda Spaulding Chevalier: $50,000 current year award; $29,167 accrual for awards not yet vested. Kenneth Jett: $200,000 current year award; $33,334 accrual for awards not yet vested.
Schedule J, Part I, Line 7 Non-fixed payments
Contracts of certain individuals include provisions that allow them to receive additional compensation if specific criteria or circumstances are met or performance thresholds are achieved. Payments were made under such contracts in calendar year 2024 to Reginald DesRoches, Allison Thacker, John Lawrence, Craig Beech, Thomas McClelland, and Cindy Melton. Additionally, as noted in part II of Schedule J, discretionary bonuses were provided to others based on management's assessment of their performance.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Rice Land Lumber Co

    501(c)(2) · Timber holding company · LA · controlled entity

    Directly controlled by William Marsh Rice University

  • RU Corporation

    501(c)(2) · Real estate title holding · TX · controlled entity

    Directly controlled by William Marsh Rice University

  • Rice Trust Inc

    501(c)(4) · Trust company · TX · controlled entity

    Directly controlled by William Marsh Rice University

  • THE CENTER FOR COLLABORATIVE RESEARCH INC

    501(c)(3) · Type 1 supporting organization · TX · controlled entity

    Directly controlled by William Marsh Rice University

  • RICE 360 INSTITUTE FOR GLOBAL HEALTH

    501(c)(3) · Type 1 supporting organization · TX · controlled entity

    Directly controlled by William Marsh Rice University

  • Rice RE Holdings I

    501(c)(25) · Real estate title holding · TX · controlled entity

    Directly controlled by William Marsh Rice University

  • Rice RE Holdings II

    501(c)(25) · Real estate title holding · TX · controlled entity

    Directly controlled by William Marsh Rice University

  • Rice RE Holdings III

    501(c)(25) · Real estate title holding · TX · controlled entity

    Directly controlled by William Marsh Rice University

  • Rice RE Holdings IV

    501(c)(25) · Real estate title holding · TX · controlled entity

    Directly controlled by William Marsh Rice University

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.1
Source object
202601319349301340

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