Civic Intelligence

Rice Trust Inc

990 • Fiscal year 2017 • EIN 74-1698122

Jul 01, 2016 to Jun 30, 2017 • Filed on May 10, 2018

6100 Main Street MS-70Houston, TX 77005-1892

(713) 348-6098

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

30th percentile

0.01x

Higher debt load relative to revenue than 30% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Net Margin

71st percentile

20%

Higher net margin than 71% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

100th percentile

$1,357,161

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 363.1% of source-year revenue.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Asset Growth

51st percentile

2.9%

Faster asset growth than 51% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

51st percentile

3.0%

Faster revenue growth than 51% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,651,051

Up $75,512 (+2.9%) from 2016

Net Assets

Up

$2,647,207

Up $75,128 (+2.9%) from 2016

Liabilities

Up

$3,844

Up $384 (+11%) from 2016

Revenue

Up

$373,788

Up $10,862 (+3.0%) from 2016

Expenses

Up

$298,660

Up $19,051 (+6.8%) from 2016

Net Income

Down

$75,128

Down $8,189 (-9.8%) from 2016

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

2017

Assets$2,651,051
Liabilities$3,844
Net Assets$2,647,207

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

2017

Revenue$373,788
Expenses$298,660
Net Income$75,128
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 10, 2018
Return Version
2016v3.0
Gross Receipts
$403,471
Mission and Program Overview

Mission

To support rice university ein 74-1109620

To support william marsh rice university ein 74-1109620

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,356,349$2,606,700▲ $250,351
Cash and Non-Interest-Bearing Accounts$214,047$40,222▼ $173,825
Accounts Receivable$5,142$4,129▼ $1,013
Prepaid Expenses and Deferred Charges$1$0▼ $1
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$2,575,539$2,651,051▲ $75,512
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,460$3,844▲ $384
Other Liabilities$0$0→ $0
Total Liabilities$3,460$3,844▲ $384
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,572,079$2,647,207▲ $75,128
Total Net Assets Fund Balance$2,572,079$2,647,207▲ $75,128
Total Liabilities and Net Assets / Fund Balance$2,575,539$2,651,051▲ $75,512

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$845,820--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
-Asst Treas & Asst SecyPT$139,945$139,945

Board Members and Trustees

NameTitle
-Director & Chairman
-President, Treasurer & Director
-Director & VP
-Director, VP & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$120,037
Other Revenue
$253,751
Change in Net Assets
$75,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$298,660
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-$30,035-$30,035
Fees for Services Management-$14,655-$14,655
Insurance-$9,534-$9,534
Other Expenses$56,225$451-$451
Total Functional Expenses$243,985$54,675$0$298,660
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 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, 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, 2017.

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

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

Form 990, Part VI, 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

Filer Name
Rice Trust Inc
EIN
74-1698122
Phone
7133486098
Address
6100 Main Street MS-70, Houston, TX 77005-1892

Signing Officer

Name
Ronald E Long
Title
President
Signed
2018-05-10

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.

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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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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
IRS990ScheduleD/TotalBookValueSecuritiesAmt02606700
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0Allison Thacker
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt1Ronald Long
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt2Darrow Zeidenstein
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt3Richard Zansitis
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt4Bradley Fralic
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt5Benjamin Renberg
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Director & Chairman
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1President, Treasurer & Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Director & VP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3Director, VP & Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4Director & VP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5Director & VP
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IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The following officer(s), director(s), trustee(s), key employee(s) and/or highest compensated employees participated in or received payment from a supplemental non-qualified retirement plan in calendar year 2016, subject to satisfying vesting conditions related to continuing service to the university. Awards are included in the amounts shown in Part II, column C. Amounts that are taxable upon vesting or distribution are included in Part II, column B (iii). Richard Zansitis: $35,000 award
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1Contracts of certain individuals include provisions that allow them to receive additional compensation if specific criteria are met or performance thresholds are achieved. Payments were made under such contracts in calendar year 2016 to Allison Thacker. Bonuses were paid to Ronald Long.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule J, Part I, Line 7 Non-fixed payments
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF RICE UNIVERSITY EIN 74-1109620, A RELATED ORGANIZATION, ELECTS OR APPOINTS ALL THE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY HAS THE AUTHORITY TO CREATE COMMITTEES, BUT THEY HAVE NOT DONE SO AS OF JUNE 30, 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE FORM 990, PT VI, SECTION B, LINE 15A RESPONSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a Process to establish compensation of top management official
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b Process to establish compensation of other employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19 Required documents available to the public
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0WILLIAM MARSH RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1WILLIAM MARSH RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2WILLIAM MARSH RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0464015703
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1412049836
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C Corporation

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