Civic Intelligence

Rice Foundation Inc.

990 • Fiscal year 2019 • EIN 26-2951953

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 10, 2020

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

1.38x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

0.57x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

56th percentile

6.0%

Higher net margin than 56% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

98th percentile

$91,200

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 27.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

58th percentile

6.8%

Faster asset growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

81st percentile

35%

Faster revenue growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$139,074

Up $8,814 (+6.8%) from 2018

Net Assets

Up

-$52,165

Up $11,502 (+18%) from 2018

Liabilities

Down

$191,239

Down $2,688 (-1.4%) from 2018

Revenue

Up

$338,297

Up $88,080 (+35%) from 2018

Expenses

Down

$318,168

Down $71,398 (-18%) from 2018

Net Income

Up

$20,129

Up $159,478 (+114%) from 2018

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

2019

Assets$139,074
Liabilities$191,239
Net Assets-$52,165

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

2019

Revenue$338,297
Expenses$318,168
Net Income$20,129
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 10, 2020
Return Version
2019v5.1
Gross Receipts
$338,297
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$186,160$183,156▼ $3,004
Land, Buildings, and Equipment, Net$115,565$107,440▼ $8,125
Cash and Non-Interest-Bearing Accounts$11,500$28,440▲ $16,940
Accounts Receivable$3,195$3,194▼ $1
Total Assets$130,260$139,074▲ $8,814
Liabilities
Other Liabilities$3,267$8,083▲ $4,816
Accounts Payable and Accrued Expenses$4,500$0▼ $4,500
Total Liabilities$193,927$191,239▼ $2,688
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-63,667$-52,165▲ $11,502
Total Net Assets Fund Balance$-63,667$-52,165▲ $11,502
Total Liabilities and Net Assets / Fund Balance$130,260$139,074▲ $8,814

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,289$180,189$196,478
Other Land Buildings$2,303$20,721$23,024
Land$88,848--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
RicardoCastroFT$91,200$91,200

Board Members and Trustees

NameTitle
AndeBraid
JeffreyRice
Revenue and Support

Revenue Composition

Contributions and Grants
$338,297
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$338,297
Change in Net Assets
$20,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$204,383
Salaries, Compensation, and Employee Benefits$113,785
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$94,671$29,618$0$124,289
Current Officers, Directors, Trustees, and Key Employees$0$105,600$0$105,600
Travel$33,015$17,741$0$50,756
Office Expenses$0$17,702$0$17,702
Payroll Taxes$0$8,185$0$8,185
Depreciation Depletion$0$7,370$0$7,370
Fees for Services Accounting$0$2,700$0$2,700
Fees for Services Other$0$906$0$906
Information Technology$0$585$0$585
Conferences and Meetings$51$24$0$75
Total Functional Expenses$127,737$190,431$0$318,168
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$186,160$183,156▼ $3,004
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Withheld Child Support$8,015
Chase Ink CC$91
Credit cards$0
Payroll Taxes Payable$-23
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
2020-10-10
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 430. 0. 430. 0.

Form 990, Part IX, Line 24E

Continuing education 6136. 6035. 101. 0.

Form 990, Part IX, Line 24E

Dues and subscriptions 906. 0. 906. 0.

Form 990, Part IX, Line 24E

Food and lodging 39112. 39112. 0. 0.

Form 990, Part IX, Line 24E

Maintenance and repair 24953. 0. 24953. 0.

Form 990, Part IX, Line 24E

Meals 24. 0. 24. 0.

Form 990, Part IX, Line 24E

Medical supplies 10212. 10212. 0. 0.

Form 990, Part IX, Line 24E

Mileage 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Miscellaneous 962. 962. 0. 0.

Form 990, Part IX, Line 24E

Postage 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Storage 1517. 0. 1517. 0.

Form 990, Part IX, Line 24E

Taxes 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Telephone 1197. 0. 1197. 0.

Form 990, Part IX, Line 24E

Transportation 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Vehicle 5639. 5639. 0. 0.

Form 990, Part IX, Line 24E

Scholarship 10913. 10913. 0. 0.

Form 990, Part IX, Line 24E

Utilities 490. 0. 490. 0.

Form 990, Part IX, Line 24E

Medical Expenses 191. 191. 0. 0.

Form 990, Part IX, Line 24E

Operations:Offerings/Contractor 21607. 21607. 0. 0.

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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0183156
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Operations
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0183156
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Ricardo Castro
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Exe. Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt0183156
IRS990/ScheduleORequiredInd0true
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 430. 0. 430. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Continuing education 6136. 6035. 101. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Dues and subscriptions 906. 0. 906. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Food and lodging 39112. 39112. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Maintenance and repair 24953. 0. 24953. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Meals 24. 0. 24. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Medical supplies 10212. 10212. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Mileage 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Miscellaneous 962. 962. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Postage 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Storage 1517. 0. 1517. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Taxes 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Telephone 1197. 0. 1197. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Transportation 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Vehicle 5639. 5639. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Scholarship 10913. 10913. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Utilities 490. 0. 490. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Medical Expenses 191. 191. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22Operations:Offerings/Contractor 21607. 21607. 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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0130260
IRS990/TotalAssetsEOYAmt0139074
IRS990/TotalAssetsGrp/BOYAmt0130260
IRS990/TotalAssetsGrp/EOYAmt0139074
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0338297
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0190431
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0127737
IRS990/TotalFunctionalExpensesGrp/TotalAmt0318168
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0193927
IRS990/TotalLiabilitiesEOYAmt0191239
IRS990/TotalLiabilitiesGrp/BOYAmt0193927
IRS990/TotalLiabilitiesGrp/EOYAmt0191239
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-63667
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-52165
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0127737
IRS990/TotalReportableCompFromOrgAmt091200
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0338297
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0130260
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0139074
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt017741
IRS990/TravelGrp/ProgramServicesAmt033015
IRS990/TravelGrp/TotalAmt050756
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ricardo Castro
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09725918400
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-10
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/AtSubmissionCreationDeviceId0B24BBE173E5B3A78A30597C629D0EE1100A3C091
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AFBE96A5A257C04698D15269F721093ABB02AC78
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.196.231.2
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm008:06:27
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

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