Civic Intelligence

Rice Trust Inc

990 • Fiscal year 2014 • EIN 74-1698122

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 10, 2015

6100 Main Street MS-7077005-1892

(713) 348-6098

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Net Margin

81st percentile

30%

Higher net margin than 81% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

99th percentile

$561,689

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 152.9% of source-year revenue.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Asset Growth

61st percentile

5.1%

Faster asset growth than 61% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$2,377,144

Up $114,870 (+5.1%) from 2013

Net Assets

Up

$2,370,613

Up $111,378 (+4.9%) from 2013

Liabilities

Up

$6,531

Up $3,492 (+115%) from 2013

Revenue

$367,450

No earlier filing loaded for comparison.

Expenses

Down

$256,072

Down $2,954 (-1.1%) from 2013

Net Income

$111,378

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,134,041Liabilities 2010: $6,485Net Assets 2010: $2,127,5562010Assets 2011: $2,162,381Liabilities 2011: $2,781Net Assets 2011: $2,159,6002011Assets 2012: $2,189,660Liabilities 2012: $6,991Net Assets 2012: $2,182,6692012Assets 2013: $2,262,274Liabilities 2013: $3,039Net Assets 2013: $2,259,2352013Assets 2014: $2,377,144Liabilities 2014: $6,531Net Assets 2014: $2,370,6132014Assets 2015: $2,498,917Liabilities 2015: $10,155Net Assets 2015: $2,488,7622015Assets 2016: $2,575,539Liabilities 2016: $3,460Net Assets 2016: $2,572,0792016Assets 2017: $2,651,051Liabilities 2017: $3,844Net Assets 2017: $2,647,2072017Assets 2018: $2,805,145Liabilities 2018: $4,121Net Assets 2018: $2,801,0242018Assets 2019: $3,403,627Liabilities 2019: $4,251Net Assets 2019: $3,399,3762019Assets 2020: $3,397,668Liabilities 2020: $4,242Net Assets 2020: $3,393,4262020Assets 2021: $4,362,779Liabilities 2021: $5,449Net Assets 2021: $4,357,3302021Assets 2022: $3,853,083Liabilities 2022: $4,811Net Assets 2022: $3,848,2722022Assets 2023: $4,140,899Liabilities 2023: $5,165Net Assets 2023: $4,135,7342023Assets 2024: $4,537,470Liabilities 2024: $5,660Net Assets 2024: $4,531,8102024

Highlighted filing

2014

Assets$2,377,144
Liabilities$6,531
Net Assets$2,370,613

Operations Trend

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

$600K$400K$200K$0Expenses 2010: $285,3172010Expenses 2011: $282,5062011Expenses 2012: $278,3842012Expenses 2013: $259,0262013Revenue 2014: $367,450Expenses 2014: $256,072Net Income 2014: $111,3782014Revenue 2015: $390,720Expenses 2015: $272,571Net Income 2015: $118,1492015Revenue 2016: $362,926Expenses 2016: $279,609Net Income 2016: $83,3172016Revenue 2017: $373,788Expenses 2017: $298,660Net Income 2017: $75,1282017Revenue 2018: $439,843Expenses 2018: $286,026Net Income 2018: $153,8172018Revenue 2019: $579,360Expenses 2019: $332,807Net Income 2019: $246,5532019Revenue 2020: $442,810Expenses 2020: $293,247Net Income 2020: $149,5632020Revenue 2021: $500,365Expenses 2021: $327,022Net Income 2021: $173,3432021Revenue 2022: $556,542Expenses 2022: $325,667Net Income 2022: $230,8752022Revenue 2023: $420,037Expenses 2023: $276,654Net Income 2023: $143,3832023Revenue 2024: $530,882Expenses 2024: $362,530Net Income 2024: $168,3522024

Highlighted filing

2014

Revenue$367,450
Expenses$256,072
Net Income$111,378
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 10, 2015
Return Version
2013v4.0
Gross Receipts
$392,687
Mission and Program Overview

Mission

To support rice university ein 74-1109620

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,203,575$2,302,695▲ $99,120
Cash and Non-Interest-Bearing Accounts$53,708$69,385▲ $15,677
Accounts Receivable$4,991$5,064▲ $73
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,262,274$2,377,144▲ $114,870
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,039$3,531▲ $492
Other Liabilities$0$3,000▲ $3,000
Total Liabilities$3,039$6,531▲ $3,492
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,259,235$2,370,613▲ $111,378
Total Net Assets Fund Balance$2,259,235$2,370,613▲ $111,378
Total Liabilities and Net Assets / Fund Balance$2,262,274$2,377,144▲ $114,870

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0--
Other Land Buildings$0--
Land$0--
Equipment$0--
Leasehold Improvements$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Amy L NelsonASS'T TREAS. & ASS'T SEC.PT$106,091$106,091

Board Members and Trustees

NameTitle
Allison K ThackerChairman & Director
Ronald E LongPresident & Treasurer
Benjamin R RenbergVP & Director
Bradley W FralicVP & Director
Darrow ZeidensteinVP & Director
Evelyn StewartVP & Director
Katherine E CollinsVP & Director
Richard a ZansitisVP, Secretary & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$99,365
Other Revenue
$268,085
Change in Net Assets
$111,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$256,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$13,174-$13,174
Insurance-$9,537-$9,537
Other Expenses$64,099$3,530-$3,530
Travel-$1,667-$1,667
Total Functional Expenses$228,164$27,908$0$256,072
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Amounts Owe to Parent$3,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
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, Sec A, Line 7A, Members or stockholders electing members of governing body

The board of rice university ein 74-1109620, a related organization, elects or appoints all the members of the governing body.

Form 990, Part VI, Sec A, Line 8B, Documentation of meetings held by committees of governing body

The governing body has the authority to create committees, but they have not done so as of june 30, 2014.

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

The form is prepared by staff in the controller's office of rice university ein 74-1109620. It is reviewed by rti officers and the controller of rice university prior to filing.

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

The general counsel of rice university ein 74-1109620 circulates the coi policy and form to the officers and directors of rti and reports the results to the rti board on an annual basis.

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

Board members who are also trustees of rice university ein 74-1109620 receive no compensation. Rti has no employees, and all services for rti are performed by the employees of rice university. Compensation for those individuals who are board members or officers of rti and officers of rice university is determined according to procedures set by the compensation and organizational development committee (cord) of the board of trustees of rice university whose deliberations and decisions are contemporaneously documented. The compensation for those individuals who are officer of rti but not officers of rice university is set in accordance with university salary administration guidelines.

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

See form 990, pt vi, section b, line 15a response

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

Form 990 is available upon request. Rti does not produce separate audited financial statements. The consolidated financial statements of rice university ein 74-1109620, which includes rti, are available on its website. The articles of incorporation are filed with the state and are publicly available. Rice university's subsidiaries follow the university's conflict of interest policy which is available on the university's website.

Filing and Contact Details

Filer

EIN
74-1698122
Phone
7133486098

Signing Officer

Name
Allison K Thacker
Title
Chairman
Signed
2015-02-10

Organization Details

Formed
1971
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Financial Statement Notes

Schedule D, Part IV, Line 1B, Agent, trustee, custodian, or other intermediary arrangement

Rice trust inc. Is the trustee for the charitable remainder and other trusts donated to rice university.

Raw XML AppendixShowing 400 of 683 raw XML fields

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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AMOUNTS OWE TO PARENT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RICE TRUST INC. IS THE TRUSTEE FOR THE CHARITABLE REMAINDER AND OTHER TRUSTS DONATED TO RICE UNIVERSITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part IV, Line 1b, Agent, trustee, custodian, or other intermediary arrangement
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt410000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt50
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt232565
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt332565
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt457565
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt17780
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt321286
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt410997
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt522126
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt237000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt340500

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.54$0.01$4.53$0.53$0.36$0.17
2023Detailed filing. Detailed filing data is available for this year.$4.14$0.01$4.14$0.42$0.28$0.14
2022Detailed filing. Detailed filing data is available for this year.$3.85$0.00$3.85$0.56$0.33$0.23
2021Detailed filing. Detailed filing data is available for this year.$4.36$0.01$4.36$0.50$0.33$0.17
2020Detailed filing. Detailed filing data is available for this year.$3.40$0.00$3.39$0.44$0.29$0.15
2019Detailed filing. Detailed filing data is available for this year.$3.40$0.00$3.40$0.58$0.33$0.25
2018Detailed filing. Detailed filing data is available for this year.$2.81$0.00$2.80$0.44$0.29$0.15
2017Detailed filing. Detailed filing data is available for this year.$2.65$0.00$2.65$0.37$0.30$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.58$0.00$2.57$0.36$0.28$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.50$0.01$2.49$0.39$0.27$0.12
2014Detailed filing. Detailed filing data is available for this year.$2.38$0.01$2.37$0.37$0.26$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.00$2.26$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$0.01$2.18$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.00$2.16$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.01$2.13$0.29