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Nonprofiteer
← RICE FOUNDATION

Form 990 for tax year 2022

Filed by RICE FOUNDATION.

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

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.

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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