Civic Intelligence

Rice Foundation Inc.

990 • Fiscal year 2018 • EIN 26-2951953

Jan 01, 2018 to Dec 31, 2018 • Filed on May 14, 2019

PO Box 541867Grand Prairie, TX 75054

(972) 591-8400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.49x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

0.78x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

8th percentile

-56%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

97th percentile

$79,800

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 31.9% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

18th percentile

-25%

Faster asset growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

11th percentile

-44%

Faster revenue growth than 11% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$130,260

Down $43,010 (-25%) from 2017

Net Assets

Down

-$63,667

Down $147,340 (-176%) from 2017

Liabilities

Up

$193,927

Up $104,330 (+116%) from 2017

Revenue

Down

$250,217

Down $198,860 (-44%) from 2017

Expenses

Down

$389,566

Down $100,051 (-20%) from 2017

Net Income

Down

-$139,349

Down $98,809 (-244%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$100K$0-$100KAssets 2010: $70,117Liabilities 2010: $16,882Net Assets 2010: $53,2352010Assets 2013: $162,364Liabilities 2013: $0Net Assets 2013: $162,3642013Assets 2014: $44,168Liabilities 2014: $0Net Assets 2014: $44,1682014Assets 2015: $101,164Liabilities 2015: -$307Net Assets 2015: $101,4712015Assets 2016: $157,132Liabilities 2016: $32,919Net Assets 2016: $124,2132016Assets 2017: $173,270Liabilities 2017: $89,597Net Assets 2017: $83,6732017Assets 2018: $130,260Liabilities 2018: $193,927Net Assets 2018: -$63,6672018Assets 2019: $139,074Liabilities 2019: $191,239Net Assets 2019: -$52,1652019Assets 2020: $182,881Liabilities 2020: $191,644Net Assets 2020: -$8,7632020Assets 2021: $153,857Liabilities 2021: $146,068Net Assets 2021: $7,7892021Assets 2022: $124,692Liabilities 2022: $112,403Net Assets 2022: $12,2892022Assets 2023: $110,812Liabilities 2023: $82,535Net Assets 2023: $28,2772023Assets 2024: $98,669Liabilities 2024: $118,613Net Assets 2024: -$19,9442024

Highlighted filing

2018

Assets$130,260
Liabilities$193,927
Net Assets-$63,667

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $263,8042010Revenue 2013: $368,956Expenses 2013: $369,278Net Income 2013: -$3222013Revenue 2014: $434,075Expenses 2014: $529,599Net Income 2014: -$95,5242014Revenue 2015: $506,282Expenses 2015: $448,979Net Income 2015: $57,3032015Revenue 2016: $412,456Expenses 2016: $396,714Net Income 2016: $15,7422016Revenue 2017: $449,077Expenses 2017: $489,617Net Income 2017: -$40,5402017Revenue 2018: $250,217Expenses 2018: $389,566Net Income 2018: -$139,3492018Revenue 2019: $338,297Expenses 2019: $318,168Net Income 2019: $20,1292019Revenue 2020: $263,732Expenses 2020: $220,130Net Income 2020: $43,6022020Revenue 2021: $296,805Expenses 2021: $275,901Net Income 2021: $20,9042021Revenue 2022: $322,164Expenses 2022: $317,915Net Income 2022: $4,2492022Revenue 2023: $211,200Expenses 2023: $194,933Net Income 2023: $16,2672023Revenue 2024: $136,417Expenses 2024: $178,941Net Income 2024: -$42,5242024

Highlighted filing

2018

Revenue$250,217
Expenses$389,566
Net Income-$139,349
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 14, 2019
Return Version
2018v3.1
Gross Receipts
$250,217
Mission and Program Overview

Mission

The evangelization of the lost, and

The evangelization of the lost, and the empowerment and unity of the Body of Christ through medical

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$81,506$186,160▲ $104,654
Land, Buildings, and Equipment, Net$123,567$115,565▼ $8,002
Cash and Non-Interest-Bearing Accounts$46,508$11,500▼ $35,008
Accounts Receivable$3,195$3,195→ $0
Investments Other Securities$0--
Total Assets$173,270$130,260▼ $43,010
Liabilities
Accounts Payable and Accrued Expenses$8,091$4,500▼ $3,591
Other Liabilities-$3,267-
Total Liabilities$89,597$193,927▲ $104,330
Net Assets / Fund Balance
Unrestricted Net Assets$83,673$-63,667▼ $147,340
Total Net Assets Fund Balance$83,673$-63,667▼ $147,340
Total Liabilities and Net Assets / Fund Balance$173,270$130,260▼ $43,010

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,694$192,785$196,479
Land$88,847-$88,847
Other Land Buildings$23,024-$23,024
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
RicardoCastroFT$79,800$79,800

Board Members and Trustees

NameTitle
AndeBraid
JeffreyRice
Revenue and Support

Revenue Composition

Contributions and Grants
$250,217
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$250,217
Change in Net Assets
$-139,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$292,768
Salaries, Compensation, and Employee Benefits$96,798
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$251,336$11,708$0$263,044
Current Officers, Directors, Trustees, and Key Employees$57,000$32,592$0$89,592
Occupancy$18,871$0$0$18,871
Depreciation Depletion$8,002$0$0$8,002
Payroll Taxes$4,360$2,846$0$7,206
Fees for Services Accounting$0$2,700$0$2,700
Information Technology$139$12$0$151
Total Functional Expenses$339,708$49,858$0$389,566
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$81,506$186,160▲ $104,654
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit cards$3,267
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Rice Foundation Inc
EIN
26-2951953
Phone
9725918400
Address
PO Box 541867, Grand Prairie, TX 75054

Signing Officer

Name
Ricardo Castro
Title
Executive Director
Phone
9725918400
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Rice
Formed
2008
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
0

Preparer

Firm
Dwain Mees CPA Pc
Address
1919 S SHILOH RD STE 600, GARLAND, TX 75042
Preparer
Dwain Mees CPA
Phone
9728402000
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Executive Director and Board of Directors review form 990 at board meeting.

Pt VI, Line 19

Documents are made available upon request.

Pt VI, Line 15A

The Board of Directors establishes the pay of the Executive Director.

Pt VI, Line 18

Form 990 is available upon request.

Form 990, Part IX, Line 24E

Bank charges 1766. 1345. 421. 0.

Form 990, Part IX, Line 24E

Continuing Education 92. 92. 0. 0.

Form 990, Part IX, Line 24E

Contract Labor 25485. 25485. 0. 0.

Form 990, Part IX, Line 24E

Dues and subscriptions 418. 343. 75. 0.

Form 990, Part IX, Line 24E

Food and lodging 43952. 40861. 3091. 0.

Form 990, Part IX, Line 24E

Maintenance and repair 21488. 21281. 207. 0.

Form 990, Part IX, Line 24E

Meals 8686. 8513. 173. 0.

Form 990, Part IX, Line 24E

Medical supplies 16224. 16096. 128. 0.

Form 990, Part IX, Line 24E

Mileage 558. 558. 0. 0.

Form 990, Part IX, Line 24E

Miscellaneous 9111. 9111. 0. 0.

Form 990, Part IX, Line 24E

Supplies 21364. 21278. 86. 0.

Form 990, Part IX, Line 24E

Postage 449. 449. 0. 0.

Form 990, Part IX, Line 24E

Storage 440. 440. 0. 0.

Form 990, Part IX, Line 24E

Taxes 5189. 4254. 935. 0.

Form 990, Part IX, Line 24E

Telephone 5436. 4200. 1236. 0.

Form 990, Part IX, Line 24E

Transportation 35117. 35007. 110. 0.

Form 990, Part IX, Line 24E

Vehicle 1867. 1867. 0. 0.

Form 990, Part IX, Line 24E

Travel 46004. 40758. 5246. 0.

Form 990, Part IX, Line 24E

Feeding Center 333. 333. 0. 0.

Form 990, Part IX, Line 24E

Scholarship 13155. 13155. 0. 0.

Form 990, Part IX, Line 24E

Mission Trip 5910. 5910. 0. 0.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Executive Director and Board of Directors review form 990 at board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Documents are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors establishes the pay of the Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Bank charges 1766. 1345. 421. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Continuing Education 92. 92. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Contract Labor 25485. 25485. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Dues and subscriptions 418. 343. 75. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Food and lodging 43952. 40861. 3091. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Maintenance and repair 21488. 21281. 207. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Meals 8686. 8513. 173. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Medical supplies 16224. 16096. 128. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Mileage 558. 558. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Miscellaneous 9111. 9111. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Supplies 21364. 21278. 86. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Postage 449. 449. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Storage 440. 440. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Taxes 5189. 4254. 935. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Telephone 5436. 4200. 1236. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Transportation 35117. 35007. 110. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Vehicle 1867. 1867. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Travel 46004. 40758. 5246. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22Feeding Center 333. 333. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23Scholarship 13155. 13155. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24Mission Trip 5910. 5910. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc24Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0173270
IRS990/TotalAssetsEOYAmt0130260
IRS990/TotalAssetsGrp/BOYAmt0173270
IRS990/TotalAssetsGrp/EOYAmt0130260
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0250217
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049858
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0339708
IRS990/TotalFunctionalExpensesGrp/TotalAmt0389566
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt089597
IRS990/TotalLiabilitiesEOYAmt0193927
IRS990/TotalLiabilitiesGrp/BOYAmt089597
IRS990/TotalLiabilitiesGrp/EOYAmt0193927
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt083673
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-63667
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0339708
IRS990/TotalReportableCompFromOrgAmt079800
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0250217
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0173270
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0130260
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt083673
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-63667
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt090 Beaver Dr
IRS990/USAddress/CityNm0DuBois
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd015801
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.ricefoundation.us
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ricardo Castro
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09725918400
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Rice Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0RICE
ReturnHeader/Filer/EIN0262951953
ReturnHeader/Filer/PhoneNum09725918400
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 541867
ReturnHeader/Filer/USAddress/CityNm0Grand Prairie
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075054
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId089020D376BD7F71B058481C3DE9A3C87BB232F63
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B24BBE173E5B3A78A30597C629D0EE1100A3C091
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.196.231.2
ReturnHeader/FilingSecurityInformation/IPDt02019-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm016:37:31
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DWAIN MEES CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01919 S SHILOH RD STE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GARLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075042
ReturnHeader/PreparerPersonGrp/PhoneNum09728402000
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dwain Mees CPA
ReturnHeader/ReturnTs02019-11-14T16:37:40-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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