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Nonprofiteer
← RICE-LAND LUMBER COMPANY

Form 990 for tax year 2023

Filed by RICE-LAND LUMBER COMPANY.

Totals

Total revenue
$2,210,211
Total expenses
$2,742,789
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$2,210,211
Total assets, end of year
$97,317,162
Total liabilities, end of year
$84,756
Net assets or fund balances, end of year
$97,232,406
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

  • 5 · Royalties

    total $2,210,211 · excluded $2,210,211

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 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

  • 24a · Other expenses: TIMBERING SERVICES

    total $2,314,680

  • 24b · Other expenses: PROPERTY TAXES

    total $186,565

  • 24c · Other expenses: Management fee

    total $177,027

  • 24d · Other expenses: Maintenance

    total $63,988

  • 24e · All other expenses

    total $529

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,010,091 · end of year $4,817,161

  • 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

    $92,500,001

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $98,530,001 · end of year $92,500,001

  • 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 $39,854 · end of year $84,756

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $103,500,238 · end of year $97,232,406

Mission and programs · 2023

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 2023 return.

Listed in Part VII

  • Allison Thacker

    Director, President

    Total calculated
    $1,199,984
    From this org
    $0
    From related orgs
    $1,125,663
    Other
    $74,321
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,083,663 related
    Bonus
    $0
    Other
    $0 + $42,000 related
    Deferred
    $0 + $31,590 related
    Nontaxable benefits
    $0 + $42,731 related
    Filer's total
    $0 + $1,199,984 related

  • Asuka Nakahara

    Director

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Kelly Fox

    Director

    Total calculated
    $835,021
    From this org
    $0
    From related orgs
    $711,093
    Other
    $123,928
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $578,593 related
    Bonus
    $0 + $80,000 related
    Other
    $0 + $52,500 related
    Deferred
    $0 + $82,323 related
    Nontaxable benefits
    $0 + $41,605 related
    Filer's total
    $0 + $835,021 related

  • Cindy Melton

    Vice President and Treasurer

    Total calculated
    $599,602
    From this org
    $0
    From related orgs
    $516,650
    Other
    $82,952
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $332,150 related
    Bonus
    $0 + $132,000 related
    Other
    $0 + $52,500 related
    Deferred
    $0 + $41,490 related
    Nontaxable benefits
    $0 + $41,462 related
    Filer's total
    $0 + $599,602 related

  • Claire Nelson

    Vice President

    Total calculated
    $319,735
    From this org
    $0
    From related orgs
    $249,006
    Other
    $70,729
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,517 related
    Bonus
    $0
    Other
    $0 + $3,489 related
    Deferred
    $0 + $31,740 related
    Nontaxable benefits
    $0 + $38,989 related
    Filer's total
    $0 + $319,735 related

  • Joseph Davidson

    Assistant Secretary

    Total calculated
    $442,613
    From this org
    $0
    From related orgs
    $369,368
    Other
    $73,245
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,868 related
    Bonus
    $0 + $52,500 related
    Other
    $0
    Deferred
    $0 + $41,490 related
    Nontaxable benefits
    $0 + $31,755 related
    Filer's total
    $0 + $442,613 related

  • Larry Perez

    Vice President

    Total calculated
    $292,782
    From this org
    $0
    From related orgs
    $235,084
    Other
    $57,698
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,462 related
    Bonus
    $0
    Other
    $0 + $6,622 related
    Deferred
    $0 + $29,422 related
    Nontaxable benefits
    $0 + $28,276 related
    Filer's total
    $0 + $292,782 related

  • Omar Syed

    Secretary

    Total calculated
    $541,686
    From this org
    $0
    From related orgs
    $490,215
    Other
    $51,471
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,515 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $19,700 related
    Deferred
    $0 + $49,090 related
    Nontaxable benefits
    $0 + $2,381 related
    Filer's total
    $0 + $541,686 related

  • Veta Byrd-Perez

    Assistant Secretary

    Total calculated
    $317,410
    From this org
    $0
    From related orgs
    $248,498
    Other
    $68,912
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,498 related
    Bonus
    $0 + $7,000 related
    Other
    $0 + $30,000 related
    Deferred
    $0 + $28,939 related
    Nontaxable benefits
    $0 + $39,973 related
    Filer's total
    $0 + $317,410 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 2023, 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: $70,000 CURRENT YEAR AWARD; $40,833 ACCRUAL FOR AWARDS NOT YET VESTED. OMAR SYED: $30,000 CURRENT YEAR AWARD; $17,500 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.

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

  • 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

  • Artea Secondaries I LP

    Excluded · Alternative investment · JE

    Directly controlled by William Marsh Rice University

  • Mercury Affiliates XIX LLC

    Excluded · Alternative investment · DE

    Directly controlled by William Marsh Rice University

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
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202521329349306507

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