Totals
- Total revenue
- $659,321
- Total expenses
- $423,265
- Contributions and grants received
- $658,508
- Grants paid
- $71,933
- Program service revenue
- $0
- Investment income
- $813
- Other revenue
- $0
- Total assets, end of year
- $9,760,777
- Total liabilities, end of year
- $8,571,546
- Net assets or fund balances, end of year
- $1,189,231
- Program services expenses (Part IX)
- $339,683
- Management and general expenses
- $83,582
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $339,683
Program services were 80.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$32,000
-
1d · Related organizations
$7,500
-
1f · All other contributions, gifts and grants
$619,008
-
3 · Investment income
total $813 · excluded $813
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $60,000 · program services $60,000
-
2 · Grants to domestic individuals
total $11,933 · program services $11,933
-
11a · Fees: management
total $170,000 · program services $103,550 · management and general $66,450
-
11b · Fees: legal
total $500 · management and general $500
-
11c · Fees: accounting
total $8,200 · management and general $8,200
-
11g · Fees: other
total $2,345 · program services $2,300 · management and general $45
-
13 · Office expenses
total $8,327 · program services $1,422 · management and general $6,905
-
17 · Travel
total $84,254 · program services $82,772 · management and general $1,482
-
19 · Conferences, conventions and meetings
total $27,706 · program services $27,706
-
24a · Other expenses: TRQ National Research
total $50,000 · program services $50,000
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $12,552,606 · end of year $9,572,408
-
3 · Pledges and grants receivable
beginning of year $22,813 · end of year $188,369
-
9 · Prepaid expenses and deferred charges
beginning of year $2,892 · end of year $0
-
17 · Accounts payable and accrued expenses
end of year $67,500
-
21 · Escrow or custodial account liability
beginning of year $11,615,688 · end of year $8,435,917
-
25 · Other liabilities
beginning of year $9,448 · end of year $68,129
-
27 · Net assets without donor restrictions
beginning of year $230,216 · end of year $465,833
-
28 · Net assets with donor restrictions
beginning of year $722,959 · end of year $723,398
Mission and programs · 2022
Mission
The Rice Foundation represents all segments of the US rice industry with a mission to further the well being of its members and ensure the long term sustainability and future competiveness of US rice. This mission includes: Identifying issues important to the rice industry, funding appropriate research projects to address these issues and supporting Foundation leadership and education programs.
Activities or mission (Part I)
To encourage and aid educational activities, scientific experimentation and research related to the U.S. rice industry.
-
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.
Expenses $188,600
-
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. NRCS provides assistance to producers through partnership agreements and through conservation program contracts or easement agreements.
Expenses $79,125 · Grants $60,000
-
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 tell a story about U.S. rice.
Expenses $71,958 · Grants $11,933
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Timothy Gertson
Chair
- Total calculated
- $0
- Hours/week
- 1
-
David Petter
Immediate Past Chair
- Total calculated
- $0
- Hours/week
- 1
-
John Denison
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Brian Ottis
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Daniel Berglund
Member
- Total calculated
- $0
- Hours/week
- 1
-
Curtis Berry
Member
- Total calculated
- $0
- Hours/week
- 1
-
Todd Burich
Member
- Total calculated
- $0
- Hours/week
- 1
-
Frank Carey
Member
- Total calculated
- $0
- Hours/week
- 1
-
Derek Clarkson
Member
- Total calculated
- $0
- Hours/week
- 1
-
Jay Errecarte
Member
- Total calculated
- $0
- Hours/week
- 1
-
Shannon Faulstich
Member
- Total calculated
- $0
- Hours/week
- 1
-
Michael Fruge
Member
- Total calculated
- $0
- Hours/week
- 1
-
Ray Gherardini
Member
- Total calculated
- $0
- Hours/week
- 1
-
Keith Glover
Member
- Total calculated
- $0
- Hours/week
- 1
-
J Bradley Guice
Member
- Total calculated
- $0
- Hours/week
- 1
-
Grant Howell
Member
- Total calculated
- $0
- Hours/week
- 1
-
Chris Leon
Member
- Total calculated
- $0
- Hours/week
- 1
-
David Martin
Member
- Total calculated
- $0
- Hours/week
- 1
-
Mike Martin
Member
- Total calculated
- $0
- Hours/week
- 1
-
John Morgan
Member
- Total calculated
- $0
- Hours/week
- 1
-
Michael Moriguchi
Member
- Total calculated
- $0
- Hours/week
- 1
-
Marley Oldham
Member
- Total calculated
- $0
- Hours/week
- 1
-
Macie O'Shaughnessy
Member
- Total calculated
- $0
- Hours/week
- 1
-
Rick Rhody
Member
- Total calculated
- $0
- Hours/week
- 1
-
Drew Rudd
Member
- Total calculated
- $0
- Hours/week
- 1
-
Lance Schmidt
Member
- Total calculated
- $0
- Hours/week
- 1
-
Robert Trahan
Member
- Total calculated
- $0
- Hours/week
- 1
-
Nicole Van Vleck
Member
- Total calculated
- $0
- Hours/week
- 1
-
Jim Whitaker
Member
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth C Ward
President/CEO
- Total calculated
- $536,568
- From this org
- $0
- From related orgs
- $487,312
- Other
- $49,256
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $437,312 related
- Bonus
- $0 + $50,000 related
- Other
- $0
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $18,756 related
- Filer's total
- $0 + $536,568 related
-
Rebecca Greenway
Chief Financial Officer
- Total calculated
- $220,469
- From this org
- $0
- From related orgs
- $186,784
- Other
- $33,685
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $186,784 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $19,200 related
- Nontaxable benefits
- $0 + $14,485 related
- Filer's total
- $0 + $220,469 related
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, and on a Form 990-PF Part VIII's — 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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 3:
- Methods used by The USA Rice Federation, a related organization, to establish compensation include: Compensation committee Written employment contract Compensation survey or study Approval by the board or compensation committee
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
-
$60,000
Sponsorship Regional Conservation Partnership Program
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.
-
501(c)(6) · To promote U.S.-grown rice at home and around the world. · TX
-
501(c)(6) · To promote & protect the interests of all segments of the U.S. Rice Industry · TX
-
501(c)(6) · To promote the U.S. Rice Milling industry · LA
-
501(c)(6) · To represent U.S. Rice industry interests in legislative affairs · TX
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 17 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421089349301572
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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