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Nonprofiteer
← RICE FOUNDATION

Form 990 for tax year 2023

Filed by RICE FOUNDATION.

Totals

Total revenue
$460,703
Total expenses
$411,853
Contributions and grants received
$414,859
Grants paid
$7,000
Program service revenue
$0
Investment income
$20,844
Other revenue
$25,000
Total assets, end of year
$10,907,807
Total liabilities, end of year
$9,669,726
Net assets or fund balances, end of year
$1,238,081
Program services expenses (Part IX)
$317,691
Management and general expenses
$76,854
Fundraising expenses
$17,308
Program service expenses (Part III)
$317,691

Program services were 77.1% 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

    $26,000

  • 1d · Related organizations

    $7,500

  • 1f · All other contributions, gifts and grants

    $381,359

  • 3 · Investment income

    total $20,844 · excluded $20,844

  • 11a · Other revenue: Refunds

    total $25,000 · excluded $25,000

  • 11e · Other revenue, total

    $25,000

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $7,000 · program services $7,000

  • 11a · Fees: management

    total $170,000 · program services $103,550 · management and general $66,450

  • 11b · Fees: legal

    total $8,500 · management and general $8,500

  • 11c · Fees: accounting

    total $526 · management and general $526

  • 11g · Fees: other

    total $11,239 · fundraising $11,239

  • 13 · Office expenses

    total $8,069 · program services $5,319 · management and general $1,378 · fundraising $1,372

  • 17 · Travel

    total $115,524 · program services $115,524

  • 19 · Conferences, conventions and meetings

    total $30,995 · program services $26,298 · fundraising $4,697

  • 24a · Other expenses: TRQ National Research

    total $60,000 · program services $60,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,572,408 · end of year $10,793,343

  • 3 · Pledges and grants receivable

    beginning of year $188,369 · end of year $105,031

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $9,433

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,500 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $8,435,917 · end of year $9,644,795

  • 25 · Other liabilities

    beginning of year $68,129 · end of year $24,931

  • 27 · Net assets without donor restrictions

    beginning of year $465,833 · end of year $544,447

  • 28 · Net assets with donor restrictions

    beginning of year $723,398 · end of year $693,634

Mission and programs · 2023

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 $237,110

  • 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 $80,581 · Grants $7,000

  • 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.

As filed on the 2023 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
  • Nelson Bergen

    Member

    Total calculated
    $0
    Hours/week
    1
  • Daniel Berglund

    Member

    Total calculated
    $0
    Hours/week
    1
  • Curtis Berry

    Member

    Total calculated
    $0
    Hours/week
    1
  • Sunny Bottoms

    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
  • Chris Crutchfield

    Member

    Total calculated
    $0
    Hours/week
    1
  • Jay Errecarte

    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
  • Bert Manuel

    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
  • Marley Oldham

    Member

    Total calculated
    $0
    Hours/week
    1
  • Macie O'Shaughnessy

    Member

    Total calculated
    $0
    Hours/week
    1
  • Maria Reyes Castillo

    Member

    Total calculated
    $0
    Hours/week
    1
  • Rick Rhody

    Member

    Total calculated
    $0
    Hours/week
    1
  • Zachary Tanner

    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
  • Peter Bachmann

    President/CEO

    Total calculated
    $265,003
    From this org
    $0
    From related orgs
    $236,884
    Other
    $28,119
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,884 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,146 related
    Nontaxable benefits
    $0 + $4,973 related
    Filer's total
    $0 + $265,003 related
  • Sarah Moran

    Chief Operating Officer beg 1/1/24

    Total calculated
    $217,493
    From this org
    $0
    From related orgs
    $182,234
    Other
    $35,259
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,234 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,000 related
    Nontaxable benefits
    $0 + $16,259 related
    Filer's total
    $0 + $217,493 related
  • Elizabeth Ward

    President/ CEO thru 12/15/23

    Total calculated
    $577,750
    From this org
    $0
    From related orgs
    $525,020
    Other
    $52,730
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $475,020 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $19,730 related
    Filer's total
    $0 + $577,750 related
  • Rebecca Greenway

    CFO thru 1/15/24

    Total calculated
    $227,925
    From this org
    $0
    From related orgs
    $192,190
    Other
    $35,735
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,190 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $15,935 related
    Filer's total
    $0 + $227,925 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 April 2025
IRS schema version
2023v6.0
Source object
202500959349300410

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

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