Civic Intelligence

William Marsh Rice University

990 • Fiscal year 2016 • EIN 74-1109620

Jul 01, 2015 to Jun 30, 2016 • Filed on May 05, 2017

6100 Main Street MS 70Houston, TX 77005

(713) 348-0000

Siviq Scores

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

Liabilities / Assets

19th percentile

0.16x

Higher debt load relative to assets than 19% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Liabilities / Revenue

78th percentile

1.43x

Higher debt load relative to revenue than 78% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Net Margin

49th percentile

5.5%

Higher net margin than 49% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Top Officer Pay

57th percentile

$2,006,823

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Asset Growth

12th percentile

-4.4%

Faster asset growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2015 to 2016

Revenue Growth

10th percentile

-23%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2015 to 2016

Assets

Down

$7,353,011,914

Down $337,703,341 (-4.4%) from 2015

Net Assets

Down

$6,206,700,914

Down $311,441,224 (-4.8%) from 2015

Liabilities

Down

$1,146,311,000

Down $26,262,117 (-2.2%) from 2015

Revenue

Down

$803,779,409

Down $239,914,807 (-23%) from 2015

Expenses

Up

$759,776,225

Up $25,587,811 (+3.5%) from 2015

Net Income

Down

$44,003,184

Down $265,502,618 (-86%) from 2015

Historical Trend

Balance Sheet Trend

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

$15B$10B$5.0B$0Assets 2010: $5,449,537,470Liabilities 2010: $1,067,718,419Net Assets 2010: $4,381,819,0512010Assets 2011: $6,286,488,942Liabilities 2011: $1,044,145,257Net Assets 2011: $5,242,343,6852011Assets 2012: $6,212,837,465Liabilities 2012: $1,029,647,363Net Assets 2012: $5,183,190,1022012Assets 2013: $6,691,304,246Liabilities 2013: $1,021,105,157Net Assets 2013: $5,670,199,0892013Assets 2014: $7,333,606,892Liabilities 2014: $1,039,837,777Net Assets 2014: $6,293,769,1152014Assets 2015: $7,690,715,255Liabilities 2015: $1,172,573,117Net Assets 2015: $6,518,142,1382015Assets 2016: $7,353,011,914Liabilities 2016: $1,146,311,000Net Assets 2016: $6,206,700,9142016Assets 2017: $8,014,943,360Liabilities 2017: $1,195,963,821Net Assets 2017: $6,818,979,5392017Assets 2018: $8,306,983,906Liabilities 2018: $1,184,674,702Net Assets 2018: $7,122,309,2042018Assets 2019: $8,666,210,650Liabilities 2019: $1,250,595,749Net Assets 2019: $7,415,614,9012019Assets 2020: $8,424,555,000Liabilities 2020: $1,399,802,000Net Assets 2020: $7,024,753,0002020Assets 2021: $10,374,585,000Liabilities 2021: $1,450,950,000Net Assets 2021: $8,923,635,0002021Assets 2022: $9,509,125,671Liabilities 2022: $1,413,426,452Net Assets 2022: $8,095,699,2192022Assets 2023: $9,240,780,818Liabilities 2023: $1,443,554,086Net Assets 2023: $7,797,226,7322023

Highlighted filing

2016

Assets$7,353,011,914
Liabilities$1,146,311,000
Net Assets$6,206,700,914

Operations Trend

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

$1.5B$1.0B$500M$0-$500MExpenses 2010: $562,005,0272010Expenses 2011: $614,585,5572011Expenses 2012: $637,040,9382012Expenses 2013: $681,587,1462013Revenue 2014: $944,091,350Expenses 2014: $695,084,853Net Income 2014: $249,006,4972014Revenue 2015: $1,043,694,216Expenses 2015: $734,188,414Net Income 2015: $309,505,8022015Revenue 2016: $803,779,409Expenses 2016: $759,776,225Net Income 2016: $44,003,1842016Revenue 2017: $802,831,212Expenses 2017: $783,425,471Net Income 2017: $19,405,7412017Revenue 2018: $1,004,368,830Expenses 2018: $815,227,423Net Income 2018: $189,141,4072018Revenue 2019: $1,130,483,738Expenses 2019: $878,410,449Net Income 2019: $252,073,2892019Revenue 2020: $976,544,472Expenses 2020: $925,337,559Net Income 2020: $51,206,9132020Revenue 2021: $1,279,950,788Expenses 2021: $1,001,174,859Net Income 2021: $278,775,9292021Revenue 2022: $1,372,497,739Expenses 2022: $1,038,722,151Net Income 2022: $333,775,5882022Revenue 2023: $1,125,640,523Expenses 2023: $1,143,616,109Net Income 2023: -$17,975,5862023

Highlighted filing

2016

Revenue$803,779,409
Expenses$759,776,225
Net Income$44,003,184
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 5, 2017
Return Version
2015v3.0
Gross Receipts
$1,509,186,429
Mission and Program Overview

Mission

As a leading research university with a distinctive commitment to undergraduate education, Rice University aspires to path breaking research, unsurpassed teaching, and contributions to the betterment of our world. It seeks to fulfill this mission by cultivating a diverse community of learning and discovery that produces leaders across the spectrum of human endeavor. The University enrolls approximately 4,000 undergraduate and 3,000 graduate students. Approximately 70% of undergraduate students receive financial aid, as do almost all doctoral students.

Research and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,027,778,559$5,716,651,742▼ $311,126,817
Land, Buildings, and Equipment, Net$1,190,318,988$1,180,474,361▼ $9,844,627
Pledges and Grants Receivable$205,247,564$196,423,340▼ $8,824,224
Other Notes and Loans Receivable, Net$193,305,971$187,135,915▼ $6,170,056
Accounts Receivable$46,068,684$29,256,138▼ $16,812,546
Savings and Temporary Cash Investments$9,766,536$27,054,126▲ $17,287,590
Investments Other Securities$1,977,311$7,725,383▲ $5,748,072
Prepaid Expenses and Deferred Charges$15,092,755$7,145,256▼ $7,947,499
Inventories for Sale or Use$1,108,887$1,105,653▼ $3,234
Receivables From Officers Etc$50,000$40,000▼ $10,000
Receivable From Disqualified Prsn-$0-
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$7,690,715,255$7,353,011,914▼ $337,703,341
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$836,350,065$807,041,000▼ $29,309,065
Tax Exempt Bond Liabilities$131,368,000$124,020,000▼ $7,348,000
Other Liabilities$124,382,820$121,681,000▼ $2,701,820
Accounts Payable and Accrued Expenses$45,526,653$53,772,449▲ $8,245,796
Deferred Revenue$34,945,579$39,796,551▲ $4,850,972
Total Liabilities$1,172,573,117$1,146,311,000▼ $26,262,117
Net Assets / Fund Balance
Unrestricted Net Assets$3,136,291,409$2,963,904,098▼ $172,387,311
Temporarily Rstr Net Assets$2,286,998,392$2,123,134,816▼ $163,863,576
Permanently Rstr Net Assets$1,094,852,337$1,119,662,000▲ $24,809,663
Total Net Assets Fund Balance$6,518,142,138$6,206,700,914▼ $311,441,224
Total Liabilities and Net Assets / Fund Balance$7,690,715,255$7,353,011,914▼ $337,703,341

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$973,883,370$500,815,895$1,474,699,265
Equipment$119,606,824$316,380,072$435,986,896
Other Land Buildings$63,181,626-$63,181,626
Land$23,802,541-$23,802,541

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$5,573,038,000$28,334,162▲ $14,363,000$123,993,429$5,354,507,000
2014$5,553,717,000$40,503,000▲ $226,489,000$120,681,796$5,573,038,000
2013$4,885,299,000$46,464,000▲ $853,580,000$105,012,925$5,553,717,000
2012$4,438,069,000$68,322,000▲ $605,840,000$107,189,581$4,885,299,000
2011$4,488,951,000$27,061,000▲ $142,208,000$111,068,554$4,438,069,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-PresidentFT$838,000$1,168,823$2,006,823
-Chief Investment OfficerFT$504,754$875,461$1,380,215
-ProfessorFT$785,530$99,761$885,291
-Associate ProfessorFT$753,083$60,906$813,989
-Head Football CoachFT$649,839$123,044$772,883
-Former ProvostFT$456,203$268,114$724,317
-Head Baseball CoachFT$366,083$235,597$601,680
-Chair of Economics DepartmentFT$512,762$88,170$600,932
-Dean of Graduate School of BusinessFT$469,794$102,237$572,031
-V P for Development and Alumni RelationsFT$390,564$160,984$551,548
-Dean of Natural SciencesFT$409,089$105,707$514,796
-Dean of EngineeringFT$411,704$93,838$505,542
-General Counsel and SecretaryFT$369,066$130,373$499,439
-V P for AdministrationFT$391,356$107,472$498,828
-VP Information TechnologyFT$397,657$70,147$467,804
-VP for Finance Associate Treasurer and Assistant SecretaryFT$310,329$110,789$421,118
-Former Dean of Natural SciencesFT$321,090$96,825$417,915
-V P for Public AffairsFT$313,267$88,569$401,836
-V P for EnrollmentFT$289,033$99,806$388,839
-VP Strategic InitiativesFT$261,677$93,502$355,179
-ProvostFT$257,533$77,066$334,599
-Associate VP Finance / ControllerFT$199,510$66,237$265,747
-Associate Treasurer and Assistant SecretaryFT$156,217$81,462$237,679
-Assistant SecretaryFT$163,412$42,313$205,725
-Trust ManagerFT$109,351$20,597$129,948

Board Members and Trustees

NameTitle
-Chair, Board of Trustees
-Trustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Anslow Bryant Construction LtdConstruction945 Bunker Hill Suite 900, Houston, TX 77024$17,975,947
Linbeck Group LLCConstruction3900 Essex Lane Suite 1200, Houston, TX 77027$9,899,362
Hunter Lane LLCReal estate management1001 Wade Ave Suite 103, Raleigh, NC 27605$8,655,457
WS Bellows Construction CorpConstruction1906 Afton St, Houston, TX 77055$3,161,544
Allan Greenberg Architect LLCArchitect1217 King St, Alexandria, VA 22314$2,438,937
Revenue and Support

Revenue Composition

Contributions and Grants
$207,973,839
Program Service Revenue
$350,047,564
Investment Income
$227,904,358
Other Revenue
$17,853,648
All Other Contributions
$85,130,759
Change in Net Assets
$44,003,184

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded364$14,477,652Market value
Works of Art4$271,520Market value
Other Non Cash Contri Table3$120,000Opinions of experts
Other Non Cash Contri Table5$115,525Market value
Other Non Cash Contri Table6$1,566Market value
Art Historical Treasures6$3Cost
Other Non Cash Contri Table1$1Cost
Total Noncash Contributions389$14,986,267-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$388,751,699
Other Expenses$246,390,184
Grants and Similar Amounts Paid$124,634,342
Total Fundraising Expense$11,652,090
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$267,974,359$23,366,243$6,698,087$298,038,689
Grants to Domestic Individuals$124,634,342--$124,634,342
Depreciation Depletion$66,093,976$2,320,193-$68,414,169
Other Employee Benefits$37,066,943$2,685,250$977,632$40,729,825
Interest$34,895,441--$34,895,441
Pension Plan Contributions$21,551,674$1,561,273$568,420$23,681,367
Occupancy$19,361,494$2,824,394$23,509$22,209,397
Fees for Services Other$18,708,141$345,213$501,314$19,554,668
Payroll Taxes$16,105,030$1,166,701$424,766$17,696,497
Information Technology$15,462,998$1,660,986$225,036$17,349,020
Travel$15,676,645$575,878$238,772$16,491,295
Other Expenses$13,220,898-$131,369$13,352,267
Office Expenses$11,024,532$356,003$557,420$11,937,955
Conferences and Meetings$10,034,005$747,377$569,576$11,350,958
Current Officers, Directors, Trustees, and Key Employees$1,755,780$5,480,072$720,910$7,956,762
Fees for Service Investment Mgmnt Fees-$6,354,347-$6,354,347
Insurance$3,295,679$270,707-$3,566,386
Advertising$1,770,399$11,926$15,279$1,797,604
Fees for Services Legal$122,749$633,185-$755,934
Comp Disqual Persons$324,280$324,279-$648,559
Fees for Services Accounting$51,000$513,176-$564,176
Royalties$228,011$2,286-$230,297
Fees for Services Lobbying-$215,970-$215,970
Total Functional Expenses$696,708,676$51,415,459$11,652,090$759,776,225
International Activity

International Summary

Offices
1
Employees
6
Spending
$1,325,470,296

International Compliance

Activity in boycott countries
Yes
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$1,301,768,430
Europe (Including Iceland and Greenland)Investments-00$11,244,027
Europe (Including Iceland and Greenland)Fundraising,Program Services,Speaking engagements,Conference TravelEducational program for architecture students, programs with local universities, research field work12$4,806,222
East Asia and the PacificFundraising,Program Services,Speaking engagements,Conference TravelPrograms with local universities, research field work00$1,873,975
North America (Canada & Mexico only)Investments-00$1,492,096
Central America and the CaribbeanFundraising,Program Services,Speaking engagements,Conference TravelPrograms with local universities, research field work00$1,425,959
South AmericaProgram Services,Speaking engagements,Conference TravelPrograms with local universities, research field work01$1,158,018
North America (Canada & Mexico only)Fundraising,Program Services,Speaking engagements,Conference TravelPrograms with local universities, research field work00$555,903
Sub-Saharan AfricaProgram ServicesResearch field work01$550,213
Middle East and North AfricaFundraising,Program Services,Speaking engagements,Conference TravelPrograms with local universities, research field work01$395,185
South AsiaProgram Services,Speaking engagements,Conference TravelPrograms with local universities, research field work01$157,281
Russia and Neighboring StatesProgram ServicesResearch field work00$42,987
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,122,724
Fundraising Gross Income$256,458
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Luncheon$536,681$59,146-$59,146
Gala$187,459$4,459-$4,459
Total Events$1,620,696$256,458$1,122,724$-866,266
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Spouse of former key employeeEmployeeNo$226,976
-Spouse of officerEmployeeNo$117,540
-Spouse of trusteeEmployeeNo$113,046

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$50,000$40,000▼ $10,000
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Life Income Annuities and Refundable Advances$121,681,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Houston Higher Education Finance Corporation2007-06-12$314,632,113Construction
BCity of Houston Higher Education Finance Corporation2010-06-02$139,887,000Construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$314,632,113$47,400,000$16,260,000$2,493,655
B$139,887,000$13,000,000$13,000,000$1,186,594

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
Yes
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

Keith Anderson and Nancy Carlson - Business relationship

Form 990, Part VI, Line 11B Review of form 990 by governing body

A draft copy of Form 990 is discussed with the Audit Committee and the Compensation and Organizational Development (CORD) Committee of the Board of Trustees and the final Form 990 is provided to all of the trustees before it is filed. The Form 990 is prepared by the Controller's Office in consultation with other University offices, reviewed within the Controller's office, reviewed by PricewaterhouseCoopers as the paid preparer, reviewed by the Vice President for Finance and the President together with senior management before it is provided to the trustees.

Form 990, Part VI, Line 12C Conflict of interest policy

A conflict of interest questionnaire is completed annually by officers, directors, trustees, key employees and other disqualified persons. Members of the University's Board of Trustees and senior management may, from time to time, be associated, either directly or through interlocking board memberships, with entities doing business with the University. The University employs a conflict of interest policy that requires any such associations be disclosed in writing on an annual basis. When such associations exist, measures are taken to mitigate any actual or perceived conflict, including recusal of the board member from any decisions involving the entity doing business with the University. The transactions with the entities associated with trustees or senior management are not considered to be significant and may include investment management, common participation in investment vehicles, or the purchases of goods or services. When the University enters into such transactions, the prices are set at fair market value and the terms are no less beneficial than those offered to others in the ordinary course of business.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Compensation of the organizations' officers is determined by the CORD Committee of the Board of Trustees based on comparability data. The deliberations and decisions of the CORD Committee of the Board of Trustees are contemporaneously documented as are all meetings of the board and its committees. Further detail is provided in Schedule J, Part III.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

See Pt VI, Line 15a

Form 990, Part VI, Line 19 Required documents available to the public

The articles of incorporation are filed with the state and are publicly available. The financial statements are available to the public on the University's website and by request. Copies of the Form 990 and Form 990-T tax returns are available to the public on request. The University's conflict of interest policy is available on the University's website.

Filing and Contact Details

Filer

Filer Name
William Marsh Rice University
EIN
74-1109620
Phone
7133480000
Address
6100 Main Street MS 70, Houston, TX 77005

Signing Officer

Name
Katherine E Collins
Title
Vice President for Finance
Signed
2017-05-05
Discuss with paid preparer
Yes

Organization Details

Formed
1908
Legal Domicile
TX
Voting Board Members
24
Independent Board Members
23
Employees
8,310
Volunteers
1,000

Preparer

Firm
PricewaterhouseCoopers LLP
Address
2001 Market St Suite 1800, Philadelphia, PA 19103
Preparer
Eric M McNeil
Phone
2673303000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Change in life income liability - 12179000; Unrealized gain on interest rate swap - -1441000; Subsidiary corporations - -XXX-XX-XXXX;

Financial Statement Notes

Schedule D, Part III, Line 4 Collections of art - description of collections

The University accepts, from time to time, donations of art, historical treasures or similar assets. Such items are available for public exhibition and scholarly research. The University is a steward of these assets, preserving them for future generations. The asset amount reported for art held for public exhibition includes the construction and installation costs for outdoor sculpture.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The University's endowment earnings distribution policy guides the rate at which funds are released from the endowment for current spending. The policy reflects the desire to balance the current resource needs of the University with the long-term objective of preserving the purchasing power of the endowment for future generations and ensuring reasonable year-over-year stability of future endowment payouts. Under the policy, allowable endowment spending is between four percent and six and one-half percent of the trailing three year average endowment market value, with a targeted range of four and one-half percent to five and one-half percent in the intermediate range. Endowment contributions includes transfers from other institutional funds and other additions for which there is no specific line on the schedule.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The University and its subsidiary corporations did not have any material income tax liabilities for the years ended June 30, 2016 and 2015. The University has no financial reporting requirements for uncertain tax positions for the years ended June 30, 2016 and 2015.

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IRS990/Desc0DEPARTMENTAL RESEARCH AND INSTRUCTION, AND OTHER INSTITUTIONAL ACTIVITIES. RICE UNIVERSITY IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACS-COC), ACCREDITATION BOARD FOR ENGINEERING AND TECHNOLOGY (ABET), INTERNATIONAL ASSOCIATION FOR MANAGEMENT EDUCATION (AACSB INTERNATIONAL), NATIONAL ARCHITECTURAL ACCREDITING BOARD (NAAB), AND THE TEXAS EDUCATION AGENCY (TEA). RICE SERVES APPROXIMATELY 3,900 UNDERGRADUATE AND 2,700 GRADUATE STUDENTS, AS WELL AS 13,000 LIFE-LONG LEARNERS. FOR THE COHORT ENTERING FALL 2010 THE SIX-YEAR UNDERGRADUATE GRADUATION RATE IS 91 PERCENT. RICE OFFERS MORE THAN 50 UNDERGRADUATE MAJORS ACROSS SIX SCHOOLS OF STUDY: SOCIAL SCIENCES, NATURAL SCIENCES, ENGINEERING, HUMANITIES, MUSIC AND ARCHITECTURE. IN CONJUNCTION WITH VARIOUS MAJORS, STUDENTS CAN TAKE COURSES THAT SATISFY THE REQUIREMENTS FOR ADMISSION TO MEDICAL, DENTAL, LAW OR GRADUATE SCHOOL, OR THAT LEAD TO TEACHER CERTIFICATION. RICE UNIVERSITY HAS AN UNDERGRADUATE STUDENT-TO-FACULTY RATIO OF 6 TO 1. IN GENERAL, CLASSES ARE SMALL ENOUGH FOR EACH PROFESSOR TO KNOW EVERY STUDENT'S NAME, SO THERE IS AMPLE OPPORTUNITY FOR PERSONAL ATTENTION. RICE IS RANKED AMONG THE TOP 20 NATIONALLY BY THE US NEWS AND WORLD REPORT IN THE 2016 EDITION, AND THE PRINCETON REVIEW RANKED RICE FIRST IN "BEST QUALITY OF LIFE" AND "RACE/CLASS INTERACTIONS" IN THE 2016 EDITION, ALONG WITH HIGH RANKINGS IN HAPPIEST STUDENTS, BEST HEALTH SERVICES, GREAT FINANCIAL AID, AND BEST-RUN COLLEGES. IN 2015, KIPLINGER'S PERSONAL FINANCE MAGAZINE RANKED RICE IN THE TOP FIVE FOR BEST VALUE IN PRIVATE COLLEGES, AS IT HAS SINCE RANKINGS BEGAN IN 1999. RICE OFFERS ADVANCED DEGREES IN THE HUMANITIES, LIBERAL STUDIES, SOCIAL SCIENCES, NATURAL SCIENCES, ENGINEERING, ARCHITECTURE, MUSIC, AND BUSINESS. GRADUATE PROGRAMS ARE SMALL TO MEDIUM-SIZED, OFFERING THE OPPORTUNITY TO WORK VERY CLOSELY WITH GRADUATE ADVISORS. PROXIMITY TO BOTH THE HOUSTON MUSEUM DISTRICT AND THE RENOWNED TEXAS MEDICAL CENTER ALLOWS FOR EXCEPTIONAL ACCESS TO THE VISUAL ARTS AS WELL AS CUTTING-EDGE BIOMEDICAL RESEARCH. THE MANY INTERDISCIPLINARY CENTERS AND INSTITUTES ENHANCE THE EXPERIENCE OF STUDENTS ACROSS ALL DISCIPLINES. THE SUSANNE M. GLASSCOCK SCHOOL OF CONTINUING STUDIES PROVIDES LIFELONG PERSONAL AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO THE LARGER COMMUNITY. THE SCHOOL ATTRACTS MORE THAN 13,000 ENROLLMENTS EACH YEAR TO ITS NON-CREDIT AND CREDIT PROGRAMS. RICE IS LOCATED IN HOUSTON, TEXAS, THE NATION'S FOURTH-LARGEST CITY, THE ENERGY CAPITAL OF THE WORLD AND A DYNAMIC INTERNATIONAL BUSINESS AND CULTURAL CENTER, ON A 300-ACRE, TREE-LINED CAMPUS JUST A FEW MILES FROM DOWNTOWN. UNDERGRADUATE STUDENTS ARE GIVEN FREE METRO PASSES FOR PUBLIC TRANSPORTATION; INCLUDING THE LIGHT RAIL SYSTEM WHICH HAS TWO STATIONS LOCATED A BLOCK FROM CAMPUS. THE UNIVERSITY OPERATES A FREE SHUTTLE BUS ROUTE THAT INCLUDES THE CAMPUS, OFF-CAMPUS GRADUATE STUDENT HOUSING, AND LOCAL SHOPPING CENTERS AND ATTRACTIONS. HOUSTON BOASTS 18 MUSEUMS, OPERA, BALLET, SYMPHONY AND THEATER, AND FOUR PROFESSIONAL MAJOR LEAGUE SPORTS TEAMS. RICE'S RESIDENTIAL COLLEGE SYSTEM LIES AT THE CORE OF EVERY UNDERGRADUATE'S EXPERIENCE. EVERY UNDERGRADUATE STUDENT, WHETHER LIVING ON CAMPUS OR NOT, IS A MEMBER OF ONE OF 11 SELF-GOVERNED COEDUCATIONAL RESIDENTIAL COLLEGES. EACH COLLEGE HAS A RESIDENT COLLEGE MASTER OR MASTERS. OTHER MEMBERS OF THE FACULTY ARE INVITED TO BECOME RESIDENT AND NONRESIDENT ASSOCIATES OF EACH COLLEGE. FACULTY ASSOCIATES ACT AS ADVISORS TO THE STUDENTS AND PARTICIPATE IN THE CAMARADERIE AND ACTIVITIES OF THEIR RESPECTIVE COLLEGE. COLLEGES ALSO HAVE NON-FACULTY UNIVERSITY ASSOCIATES AND COMMUNITY ASSOCIATES FROM THE HOUSTON AREA, DRAWN FROM VARIOUS PROFESSIONS. EACH COLLEGE BUILDING INCLUDES A COMMONS AREA THAT SERVES AS A DINING HALL AS WELL AS PUBLIC ROOMS, WHICH ARE AVAILABLE TO BOTH RESIDENT AND NONRESIDENT MEMBERS, AND LIVING QUARTERS FOR APPROXIMATELY 2850 STUDENTS FROM ALL CLASSES AND ALL ACAD
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt241646924
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt25293608
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt261088502
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$9,241$1,444$7,797$1,126$1,144$18.0
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9,509$1,413$8,096$1,372$1,039$334
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10,375$1,451$8,924$1,280$1,001$279
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8,425$1,400$7,025$977$925$51.2
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8,666$1,251$7,416$1,130$878$252
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8,307$1,185$7,122$1,004$815$189
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$8,015$1,196$6,819$803$783$19.4
2016Detailed filing. Detailed filing data is available for this year.$7,353$1,146$6,207$804$760$44.0
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7,691$1,173$6,518$1,044$734$310
2014Summary only. Only limited summary data is available for this year.$7,334$1,040$6,294$944$695$249
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6,691$1,021$5,670$682
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6,213$1,030$5,183$637
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6,286$1,044$5,242$615
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5,450$1,068$4,382$562
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $1B+ nonprofits