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← RICE RE HOLDINGS III

Form 990 for tax year 2024

Filed by RICE RE HOLDINGS III.

Totals

Total revenue
$803,653
Total expenses
$803,653
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$803,653
Total assets, end of year
$148,063,557
Total liabilities, end of year
$4,700,841
Net assets or fund balances, end of year
$143,362,716
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $12,818,961

  • 6b · Less rental expenses

    real property $12,015,308

  • 6c · Rental income or loss

    real property $803,653 · personal property $0

  • 6d · Net rental income or loss

    total $803,653 · excluded $803,653

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $73,360

  • 11b · Fees: legal

    total $21,600

  • 11g · Fees: other

    total $35,770

  • 21 · Payments to affiliates

    total $282,955

  • 24a · Other expenses: Property tax

    total $389,756

  • 24b · Other expenses: Utility & Other

    total $212

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,398,080 · end of year $2,689,699

  • 4 · Accounts receivable

    beginning of year $900,000 · end of year $900,000

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $144,384,662

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $151,899,686 · end of year $144,384,662

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $56,313 · end of year $89,196

  • 17 · Accounts payable and accrued expenses

    beginning of year $417,166 · end of year $254,172

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,446,669 · end of year $4,446,669

  • 27 · Net assets without donor restrictions

    beginning of year $151,390,244 · end of year $143,362,716

Mission and programs · 2024

Mission

TO SUPPORT WILLIAM MARSH RICE UNIVERSITY EIN 74-1109620

  • TITLE HOLDING COMPANY FOR REAL ESTATE HELD FOR THE BENEFIT OF WILLIAM MARSH RICE UNIVERSITY, AN IRC SECTION 501(C)(3) ORGANIZATION.

As filed on the 2024 return.

Listed in Part VII

  • Allison Thacker

    Director & President

    Total calculated
    $2,975,212
    From this org
    $0
    From related orgs
    $2,885,616
    Other
    $89,596
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,915,553 related
    Bonus
    $0 + $927,563 related
    Other
    $0 + $42,500 related
    Deferred
    $0 + $43,320 related
    Nontaxable benefits
    $0 + $46,276 related
    Filer's total
    $0 + $2,975,212 related

  • Asuka Nakahara

    Director

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Kelly Fox

    Director

    Total calculated
    $1,010,304
    From this org
    $0
    From related orgs
    $816,653
    Other
    $193,651
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $643,153 related
    Bonus
    $0 + $120,000 related
    Other
    $0 + $53,500 related
    Deferred
    $0 + $151,654 related
    Nontaxable benefits
    $0 + $41,997 related
    Filer's total
    $0 + $1,010,304 related

  • Kenneth Jett

    Director

    Total calculated
    $523,249
    From this org
    $0
    From related orgs
    $454,130
    Other
    $69,119
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $390,380 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $13,750 related
    Deferred
    $0 + $44,792 related
    Nontaxable benefits
    $0 + $24,327 related
    Filer's total
    $0 + $523,249 related

  • Cindy Melton

    Vice President and Treasurer

    Total calculated
    $662,835
    From this org
    $0
    From related orgs
    $574,152
    Other
    $88,683
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $347,520 related
    Bonus
    $0 + $173,644 related
    Other
    $0 + $52,988 related
    Deferred
    $0 + $43,320 related
    Nontaxable benefits
    $0 + $45,363 related
    Filer's total
    $0 + $662,835 related

  • Claire Nelson

    Vice President

    Total calculated
    $326,335
    From this org
    $0
    From related orgs
    $251,994
    Other
    $74,341
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,090 related
    Bonus
    $0 + $3,000 related
    Other
    $0 + $4,904 related
    Deferred
    $0 + $31,770 related
    Nontaxable benefits
    $0 + $42,571 related
    Filer's total
    $0 + $326,335 related

  • Joseph Davidson

    Assistant Secretary

    Total calculated
    $474,644
    From this org
    $0
    From related orgs
    $397,161
    Other
    $77,483
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

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

  • Larry Perez

    Vice President

    Total calculated
    $215,957
    From this org
    $0
    From related orgs
    $168,428
    Other
    $47,529
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

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

  • Omar Syed

    Secretary

    Total calculated
    $637,441
    From this org
    $0
    From related orgs
    $562,190
    Other
    $75,251
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $489,615 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $22,575 related
    Deferred
    $0 + $72,970 related
    Nontaxable benefits
    $0 + $2,281 related
    Filer's total
    $0 + $637,441 related

  • Veta Byrd-Perez

    Assistant Secretary

    Total calculated
    $352,719
    From this org
    $0
    From related orgs
    $273,915
    Other
    $78,804
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,415 related
    Bonus
    $0 + $6,000 related
    Other
    $0 + $30,500 related
    Deferred
    $0 + $35,211 related
    Nontaxable benefits
    $0 + $43,593 related
    Filer's total
    $0 + $352,719 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

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. Kelly Fox: $100,000 current year award; $108,334 accrual for awards not yet vested. Omar Syed: $30,000 current year award; $40,000 accrual for awards not yet vested. Kenneth Jett: $200,000 current year award; $33,334 accrual for awards not yet vested.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 401 Richmond LLC

    Real Estate · TX · income -$56,295 · assets $3,530,000

    Directly controlled by Rice RE Holdings III

  • 4101 San Jacinto LLC

    Real Estate · TX · income -$170,738 · assets $7,343,933

    Directly controlled by Rice RE Holdings III

  • 4201 Caroline LLC

    Real Estate · TX · income $48,018 · assets $2,340,000

    Directly controlled by Rice RE Holdings III

  • 4200 Fannin LLC

    Real Estate · TX · income $0 · assets $13,500,000

    Directly controlled by Rice RE Holdings III

  • 4403 Fannin LLC

    Real Estate · TX · income -$125 · assets $2,349,112

    Directly controlled by Rice RE Holdings III

  • 4411 Fannin LLC

    Real Estate · TX · income -$20,224 · assets $1,496,145

    Directly controlled by Rice RE Holdings III

  • 4510 S Main LLC

    Real Estate · TX · income -$93,139 · assets $6,000,000

    Directly controlled by Rice RE Holdings III

  • 4115 Caroline LLC

    Real Estate · TX · income -$17,914 · assets $1,307,493

    Directly controlled by Rice RE Holdings III

  • 4001 S Main LLC

    Real Estate · TX · income -$118,351 · assets $6,240,000

    Directly controlled by Rice RE Holdings III

  • 4400 San Jacinto LLC

    Real Estate · TX · income -$31,950 · assets $1,864,743

    Directly controlled by Rice RE Holdings III

  • 4102 Caroline LLC

    Real Estate · TX · income -$40,525 · assets $2,008,652

    Directly controlled by Rice RE Holdings III

  • 4109 Caroline LLC

    Real Estate · TX · income -$11,963 · assets $694,862

    Directly controlled by Rice RE Holdings III

  • Ion Houston LLC

    Real Estate · TX · income $796,160 · assets $99,219,160

    Directly controlled by Rice RE Holdings III

  • 4200 San Jacinto LLC

    Real Estate · TX · income $0 · assets $0

    Directly controlled by Rice RE Holdings III

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WMR ACME I LLC

    Excluded · Real estate · DE

    Directly controlled by William Marsh Rice University

  • WMR ACME II LLC

    Excluded · Real estate · DE

    Directly controlled by William Marsh Rice University

  • WMR ACME III LLC

    Excluded · Real estate · DE

    Directly controlled by William Marsh Rice University

  • WMR Redcar I LLC

    Excluded · Real estate · DE

    Directly controlled by William Marsh Rice University

  • WMR Redcar II LLC

    Excluded · Real estate · DE

    Directly controlled by William Marsh Rice University

  • WMR Redcar III LLC

    Excluded · Real estate · DE

    Directly controlled by William Marsh Rice University

  • WMRBNA II GP

    Excluded · Real estate · TN

    Directly controlled by William Marsh Rice University

  • WMRBNA Fund III Holdings LLC

    Excluded · Real estate · DE

    Directly controlled by William Marsh Rice University

  • WMRBNA Fund IV

    Excluded · Real estate · TN

    Directly controlled by William Marsh Rice University

  • WMR White Star LLC

    Excluded · Real estate · DE

    Directly controlled by WMR White Star Holdings LLC

  • WMR White Star II LLC

    Excluded · Real estate · DE

    Directly controlled by WMR White Star Holdings LLC

  • Amador R Partners LP

    Unrelated · Alternative investment · DE

    Directly controlled by William Marsh Rice University

  • Artea Secondaries I LP

    Excluded · Alternative investment · JE

    Directly controlled by William Marsh Rice University

  • ARTEA SECONDARIES I OPPORTUNITIES I LP - Sub Partnership Class A

    Excluded · Alternative investment · JE

    Directly controlled by William Marsh Rice University

  • ARTEA SECONDARIES I OPPORTUNITIES I LP - Sub Partnership Class B

    Excluded · Alternative investment · JE

    Directly controlled by William Marsh Rice University

  • PGRP 2015 CO-INVESTMENT III LP (fka LVA4 Co-Investment III LP)

    Excluded · Alternative investment · DE

    Directly controlled by William Marsh Rice University

  • PGRP 2018 CO-INVESTMENT III LP (fka LVA5 Co-Investment III LP)

    Excluded · Alternative investment · DE

    Directly controlled by William Marsh Rice University

  • Mercury Affiliates XV LLC

    Excluded · Alternative investment · DE

    Directly controlled by William Marsh Rice University

  • Mercury Affiliates XIX LLC

    Excluded · Alternative investment · DE

    Directly controlled by William Marsh Rice University

  • Mercury Affiliates XXIV LLC

    Excluded · Alternative investment · DE

    Directly controlled by William Marsh Rice University

  • Mercury Affiliates XXV LLC

    Excluded · Alternative investment · DE

    Directly controlled by William Marsh Rice University

  • BOREALIS STRATEGIC CAPITAL PARTNERS MASTER FUND I LP

    Excluded · Alternative investment

    Directly controlled by Borealis Strategic Capital Partners Offshore Fund I LP

  • BOREALIS STRATEGIC CO-INVESTMENT FUND IP LP

    Excluded · Alternative investment

    Directly controlled by Borealis Strategic Co-Investment Fund IC LP

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WMR White Star Holdings LLC

    C Corporation · Holding company

    Directly controlled by William Marsh Rice University

  • Borealis Strategic Capital Partners Offshore Fund I LP

    C Corporation · Alternative investment

    Directly controlled by William Marsh Rice University

  • Borealis Strategic Capital Partners Offshore Fund II LP

    C Corporation · Alternative investment

    Directly controlled by William Marsh Rice University

  • Borealis Strategic Co-Investment Fund IC LP

    C Corporation · Alternative investment

    Directly controlled by William Marsh Rice University

  • Informatic Capital Offshore Fund Ltd

    C Corporation · Alternative investment · CJ

    Directly controlled by William Marsh Rice University

  • Rice Global Paris (fka Rice School of Architecture Paris)

    C Corporation · Education · FR

    Directly controlled by William Marsh Rice University

  • Rice Global Education India Private Limited

    C Corporation · Education · IN

    Directly controlled by William Marsh Rice University

  • Charitable Remainder Trust (1)

    Trust · Support · CA

    Directly controlled by NA

  • Charitable Remainder Trusts (49)

    Trust · Support · TX

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.1
Source object
202621319349305292

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