Skip to content
Nonprofiteer
← RICE RE HOLDINGS I

Form 990 for tax year 2022

Filed by RICE RE HOLDINGS I.

Totals

Total revenue
-$4,591,849
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$4,591,849
Total assets, end of year
$292,080,974
Total liabilities, end of year
$73,955,799
Net assets or fund balances, end of year
$218,125,175
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 $16,549,352

  • 6b · Less rental expenses

    real property $21,141,201

  • 6c · Rental income or loss

    real property -$4,591,849 · personal property $0

  • 6d · Net rental income or loss

    total -$4,591,849 · unrelated business -$120,865 · excluded -$4,470,984

  • 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.

  • 11g · Fees: other

    total $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,146,437 · end of year $9,053,442

  • 4 · Accounts receivable

    beginning of year $371,850 · end of year $215,325

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $70,025,000 · end of year $70,025,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,859 · end of year $10,313

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

    $249,630,498

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

    $36,853,604

  • 10c · Land, buildings and equipment, net

    beginning of year $235,340,000 · end of year $212,776,894

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,833,666 · end of year $2,688,361

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $70,023,331 · end of year $70,483,363

  • 25 · Other liabilities

    beginning of year $0 · end of year $784,075

  • 27 · Net assets without donor restrictions

    beginning of year $237,137,149 · end of year $218,125,175

Mission and programs · 2022

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 EIN 74-1109620, AN IRC SECTION 501(C)(3) ORGANIZATION.

As filed on the 2022 return.

Listed in Part VII

  • Allison Thacker

    Director, President

    Total calculated
    $1,078,395
    From this org
    $0
    From related orgs
    $1,010,215
    Other
    $68,180
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $970,215 related
    Bonus
    $0
    Other
    $0 + $40,000 related
    Deferred
    $0 + $29,250 related
    Nontaxable benefits
    $0 + $38,930 related
    Filer's total
    $0 + $1,078,395 related

  • Asuka Nakahara

    Director

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kelly Fox

    Director

    Total calculated
    $330,668
    From this org
    $0
    From related orgs
    $305,694
    Other
    $24,974
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,493 related
    Bonus
    $0
    Other
    $0 + $12,201 related
    Deferred
    $0 + $11,667 related
    Nontaxable benefits
    $0 + $13,307 related
    Filer's total
    $0 + $330,668 related

  • Cindy Melton

    Vice President & Treasurer

    Total calculated
    $538,265
    From this org
    $0
    From related orgs
    $462,061
    Other
    $76,204
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,753 related
    Bonus
    $0 + $126,000 related
    Other
    $0 + $46,308 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $37,804 related
    Filer's total
    $0 + $538,265 related

  • Claire Nelson

    Vice President

    Total calculated
    $317,380
    From this org
    $0
    From related orgs
    $249,486
    Other
    $67,894
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,968 related
    Bonus
    $0
    Other
    $0 + $2,518 related
    Deferred
    $0 + $32,400 related
    Nontaxable benefits
    $0 + $35,494 related
    Filer's total
    $0 + $317,380 related

  • Joseph Davidson

    Assistant Secretary

    Total calculated
    $421,357
    From this org
    $0
    From related orgs
    $352,538
    Other
    $68,819
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,538 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $30,419 related
    Filer's total
    $0 + $421,357 related

  • Larry Perez

    Vice President

    Total calculated
    $282,576
    From this org
    $0
    From related orgs
    $227,197
    Other
    $55,379
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,197 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,830 related
    Nontaxable benefits
    $0 + $26,549 related
    Filer's total
    $0 + $282,576 related

  • Omar Syed

    Secretary

    Total calculated
    $170,504
    From this org
    $0
    From related orgs
    $164,676
    Other
    $5,828
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,426 related
    Bonus
    $0
    Other
    $0 + $4,250 related
    Deferred
    $0 + $5,000 related
    Nontaxable benefits
    $0 + $828 related
    Filer's total
    $0 + $170,504 related

  • Veta Byrd-Perez

    Assistant Secretary

    Total calculated
    $286,533
    From this org
    $0
    From related orgs
    $227,990
    Other
    $58,543
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,423 related
    Bonus
    $0
    Other
    $0 + $19,567 related
    Deferred
    $0 + $22,001 related
    Nontaxable benefits
    $0 + $36,542 related
    Filer's total
    $0 + $286,533 related

  • Richard Zansitis

    Former Secretary

    Total calculated
    $260,925
    From this org
    $0
    From related orgs
    $225,368
    Other
    $35,557
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,011 related
    Bonus
    $0
    Other
    $0 + $13,357 related
    Deferred
    $0 + $20,240 related
    Nontaxable benefits
    $0 + $15,317 related
    Filer's total
    $0 + $260,925 related

  • Ronald Long

    Former Vice President & Treasurer

    Total calculated
    $112,575
    From this org
    $0
    From related orgs
    $108,912
    Other
    $3,663
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $99,552 related
    Bonus
    $0
    Other
    $0 + $9,360 related
    Deferred
    $0 + $1,667 related
    Nontaxable benefits
    $0 + $1,996 related
    Filer's total
    $0 + $112,575 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 NONQUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2022, 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: $11,667 ACCRUAL FOR AWARDS NOT YET VESTED. OMAR SYED: $5,000 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.

  • University Northeast LLC

    Real Estate · TX · income -$799,422 · assets $50,658,161

    Directly controlled by Rice RE Holdings I

  • University Northwest LLC

    Real Estate · TX · income $572,667 · assets $26,050,967

    Directly controlled by Rice RE Holdings I

  • University South LLC

    Real Estate · TX · income $44,439 · assets $2,664,234

    Directly controlled by Rice RE Holdings I

  • 2500 Dunstan LLC

    Real Estate · TX · income $196,947 · assets $7,898,064

    Directly controlled by Rice RE Holdings I

  • Morningside North LLC

    Real Estate · TX · income -$83,557 · assets $1,138,014

    Directly controlled by Rice RE Holdings I

  • Amherst North LLC

    Real Estate · TX · income -$457,753 · assets $6,988,699

    Directly controlled by Rice RE Holdings I

  • 2400 Times LLC

    Real Estate · TX · income -$4,740 · assets $66,893

    Directly controlled by Rice RE Holdings I

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 Falcon Ridge LLC (final)

    Excluded · Real estate · DE

    Directly controlled by Willliam 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

  • LVA4 Co-Investment III LP

    Excluded · Alternative investment · DE

    Directly controlled by William Marsh Rice University

  • 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

  • BOREALIS STRATEGIC CAPITAL PARTNERS MASTER FUND I LP

    Excluded · Alternative investment · CJ

    Directly controlled by Borealis Strategic Capital Partners Offshore Fund I LP

  • BOREALIS STRATEGIC CO-INVESTMENT FUND IP LP

    Excluded · Alternative investment · CJ

    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 · CJ

    Directly controlled by William Marsh Rice University

  • Borealis Strategic Capital Partners Offshore Fund I LP

    C Corporation · Alternative investment · CJ

    Directly controlled by William Marsh Rice University

  • Borealis Strategic Capital Partners Offshore Fund II LP

    C Corporation · Alternative investment · CJ

    Directly controlled by William Marsh Rice University

  • Borealis Strategic Co-Investment Fund IC LP

    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

  • 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
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202411319349303146

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.