Civic Intelligence

Rice Foundation Inc.

990 • Fiscal year 2021 • EIN 26-2951953

Jan 01, 2021 to Dec 31, 2021 • Filed on May 10, 2022

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

94th percentile

0.95x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

0.49x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

48th percentile

7.0%

Higher net margin than 48% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

21st percentile

-16%

Faster asset growth than 21% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

13%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$153,857

Down $29,024 (-16%) from 2020

Net Assets

Up

$7,789

Up $16,552 (+189%) from 2020

Liabilities

Down

$146,068

Down $45,576 (-24%) from 2020

Revenue

Up

$296,805

Up $33,073 (+13%) from 2020

Expenses

Up

$275,901

Up $55,771 (+25%) from 2020

Net Income

Down

$20,904

Down $22,698 (-52%) from 2020

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

2021

Assets$153,857
Liabilities$146,068
Net Assets$7,789

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

2021

Revenue$296,805
Expenses$275,901
Net Income$20,904
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 10, 2022
Return Version
2021v4.1
Gross Receipts
$296,805
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$188,085$145,028▼ $43,057
Land, Buildings, and Equipment, Net$126,308$107,427▼ $18,881
Cash and Non-Interest-Bearing Accounts$38,134$35,600▼ $2,534
Other Notes and Loans Receivable, Net$11,890$10,830▼ $1,060
Accounts Receivable$6,549$0▼ $6,549
Total Assets$182,881$153,857▼ $29,024
Liabilities
Accounts Payable and Accrued Expenses$2,700$600▼ $2,100
Other Liabilities$859$440▼ $419
Total Liabilities$191,644$146,068▼ $45,576
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-8,763$7,789▲ $16,552
Total Net Assets Fund Balance$-8,763$7,789▲ $16,552
Total Liabilities and Net Assets / Fund Balance$182,881$153,857▼ $29,024

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$28,579$194,210$222,789
Land$78,848-$78,848
Compensation and Service Providers

Board Members and Trustees

NameTitle
AndeBraid
RicardoCastro
JeffreyRice
Revenue and Support

Revenue Composition

Contributions and Grants
$296,805
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$296,805
Change in Net Assets
$20,904
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$174,257
Salaries, Compensation, and Employee Benefits$101,644
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$95,838$0$0$95,838
Current Officers, Directors, Trustees, and Key Employees$0$94,400$0$94,400
All Other Expenses$46,645$11,825$0$58,470
Depreciation Depletion$7,279$0$0$7,279
Payroll Taxes$0$7,244$0$7,244
Office Expenses$3,895$0$0$3,895
Occupancy$0$2,214$0$2,214
Information Technology$0$1,963$0$1,963
Conferences and Meetings$16$1,721$0$1,737
Fees for Services Legal$0$1,647$0$1,647
Fees for Services Accounting$0$600$0$600
Fees for Services Other$0$434$0$434
Interest$180$0$0$180
Total Functional Expenses$153,853$122,048$0$275,901
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$188,085$145,028▼ $43,057
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
CitiCard$423
Chase Ink CC$17
Payroll Taxes Payable$0
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
2022-05-10
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Mees Sandhu CPAs PLLC
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

Administration:Bank charges 54. 54. 0. 0.

Form 990, Part IX, Line 24E

Administration:Contract Services 832. 832. 0. 0.

Form 990, Part IX, Line 24E

Facilities and Equipment:Construction 9263. 9263. 0. 0.

Form 990, Part IX, Line 24E

Facilities and Equipment:Construction--Mission Hom 474. 474. 0. 0.

Form 990, Part IX, Line 24E

Facilities and Equipment:Construction-Water Proj 401. 401. 0. 0.

Form 990, Part IX, Line 24E

Facilities and Equipment:Depr and Amort- Allowable 7279. 7279. 0. 0.

Form 990, Part IX, Line 24E

Maintenance 7952. 7952. 0. 0.

Form 990, Part IX, Line 24E

Medical Expenses 2037. 2037. 0. 0.

Form 990, Part IX, Line 24E

Mission Trip Expenses:Miscellaneous 5447. 5447. 0. 0.

Form 990, Part IX, Line 24E

Operations:Offerings/Contractor 7915. 7915. 0. 0.

Form 990, Part IX, Line 24E

Operations:Supplies 4532. 4532. 0. 0.

Form 990, Part IX, Line 24E

School Supplies 459. 459. 0. 0.

Form 990, Part IX, Line 24E

Administration:Bank charges:Service Charges 50. 0. 50. 0.

Form 990, Part IX, Line 24E

Maintenance:Maintenance and Repair 1273. 0. 1273. 0.

Form 990, Part IX, Line 24E

Medical Supplies 9073. 0. 9073. 0.

Form 990, Part IX, Line 24E

Mission Trip Expenses 98. 0. 98. 0.

Form 990, Part IX, Line 24E

Operations:Postage, Mailing Service 31. 0. 31. 0.

Form 990, Part IX, Line 24E

Telephone 1300. 0. 1300. 0.

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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt078848
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2423
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Taxes Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Chase Ink CC
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IRS990ScheduleD/TotalLiabilityAmt0440
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Operations
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0183156
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Ricardo Castro
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Exe. Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt0145028
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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/ExplanationTxt4Administration:Bank charges 54. 54. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Administration:Contract Services 832. 832. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Facilities and Equipment:Construction 9263. 9263. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Facilities and Equipment:Construction--Mission Hom 474. 474. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Facilities and Equipment:Construction-Water Proj 401. 401. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Facilities and Equipment:Depr and Amort- Allowable 7279. 7279. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Maintenance 7952. 7952. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Medical Expenses 2037. 2037. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Mission Trip Expenses:Miscellaneous 5447. 5447. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Operations:Offerings/Contractor 7915. 7915. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Operations:Supplies 4532. 4532. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15School Supplies 459. 459. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Administration:Bank charges:Service Charges 50. 0. 50. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Maintenance:Maintenance and Repair 1273. 0. 1273. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Medical Supplies 9073. 0. 9073. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Mission Trip Expenses 98. 0. 98. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Operations:Postage, Mailing Service 31. 0. 31. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Telephone 1300. 0. 1300. 0.
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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
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IRS990/TotalAssetsEOYAmt0153857
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IRS990/TotalContributionsAmt0296805
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0122048
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0153853
IRS990/TotalFunctionalExpensesGrp/TotalAmt0275901
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IRS990/TotalLiabilitiesGrp/EOYAmt0146068
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-8763
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07789
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IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0296805
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0182881
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0153857
IRS990/TravelGrp/FundraisingAmt00
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IRS990/TravelGrp/ProgramServicesAmt095838
IRS990/TravelGrp/TotalAmt095838
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt090 Beaver Dr
IRS990/USAddress/CityNm0DuBois
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd015801
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.ricefoundation.us
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ricardo Castro
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09725918400
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Rice Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0RICE
ReturnHeader/Filer/EIN0262951953
ReturnHeader/Filer/PhoneNum09725918400
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 541867

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