Liabilities / Assets
14th percentile
Tied with the lowest-debt nonprofits in its peer group.
Ru Corporation
EIN 74-6081393 • 501(c)2 • Houston, TX
Profile
To support william marsh rice university ein 74-1109620
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
12th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
46th percentile
Higher net margin than 46% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
79th percentile
Faster asset growth than 79% of similar nonprofits.
Revenue Growth
35th percentile
Faster revenue growth than 35% of similar nonprofits.
Balance Sheet
Assets
Down$22,446,709
Down $2,448,732 (-9.8%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Down$22,446,709
Down $2,448,732 (-9.8%) from 2023
Revenue
Up$69,693
Up $2,804 (+4.2%) from 2023
Expenses
Up$69,693
Up $2,804 (+4.2%) from 2023
Net Income
Flat$0
Flat from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $22,446,709
- Liabilities
- $0
- Net assets
- $22,446,709
- Revenue
- $69,693
- Expenses
- $69,693
- Net income
- $0
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- May 12, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $83,142
Mission and Program Overview
Mission
To support rice university ein 74-1109620
To support william marsh rice university ein: 74-1109620
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $24,895,441 | $22,446,709 | ▼ $2,448,732 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Program Related | $0 | - | - |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $24,895,441 | $22,446,709 | ▼ $2,448,732 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Other Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $24,895,441 | $22,446,709 | ▼ $2,448,732 |
| Total Net Assets Fund Balance | $24,895,441 | $22,446,709 | ▼ $2,448,732 |
| Total Liabilities and Net Assets / Fund Balance | $24,895,441 | $22,446,709 | ▼ $2,448,732 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $22,446,709 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Allison Thacker | Director, President |
| Claire Nelson | Vice President |
| Larry Perez | Vice President |
| Cindy Melton | Vice President and Treasurer |
| Asuka Nakahara | Director |
| Kelly Fox | Director |
| Joseph Davidson | Assistant Secretary |
| Veta Byrd-Perez | Assistant Secretary |
| Omar Syed | Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $69,693
- Change in Net Assets
- $0
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $69,693 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Payments to Affiliates | - | - | - | $69,693 |
| Total Functional Expenses | $0 | $0 | $0 | $69,693 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| 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 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- No
- 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
- 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 william marsh 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, 2024.”
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 william marsh rice university ein 74-1109620. It is reviewed by r.u. Corporation officers and the controller of rice university prior to filing.”
Form 990, Part VI, Line 12C Conflict of interest policy
“The general counsel of william marsh rice university ein 74-1109620 circulates the coi policy and form to the officers and directors of r.u. Corporation and reports the results to the r.u. 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 william marsh rice university ein 74-1109620 receive no compensation. R.u. Has no employees, and all services for r.u. Are performed by the employees of william marsh rice university. Compensation for those individuals who are board members or officers of r.u. And officers of william marsh rice university is determined according to procedures set by the compensation and organizational development committee (cord) of the board of trustees of william marsh rice university whose deliberations and decisions are contemporaneously documented. The compensation for those individuals who are officers of r.u. But not officers of william marsh 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, part vi, section b, line 15a response”
Form 990, Part VI, Line 19 Required documents available to the public
“Form 990 is available upon request. R.u. Corporation does not produce separate audited financial statements. The consolidated financial statements of william marsh rice university ein 74-1109620, which includes r.u. Corporation, are available on its website. The articles of incorporation are filed with the state and are publicly available. William marsh 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
- RU Corporation
- EIN
- 74-6081393
- Phone
- 7133480000
- Address
- 6100 Main Street MS-70, Houston, TX 77005-1892
Signing Officer
- Name
- Cindy Melton
- Title
- Vice President and Treasurer
- Signed
- 2025-05-12
Organization Details
- Formed
- 1964
- Legal Domicile
- TX
- Voting Board Members
- 3
- Independent Board Members
- 1
- Employees
- 0
- Volunteers
- 0
Supplemental Narrative
Additional Explanations
Form 990, Part XI, Line 9 Other changes in net assets or fund balances
“Additional Paid In Capital Adj. - -2674;”
Form 990, Part V, Line 16 - Section 4968 Excise Tax
“The organization is a controlled related entity of an educational institution (william marsh rice university ein 74-1109620) which is subject to the section 4968 excise tax on net investment income. As such, the organization's net investment income for this fiscal year will be reported on and combined with william marsh rice university's 6/30/2024 year-end form 4720 schedule o.”
FORM 990, PART X, LINE 10A - Land, buildings, and equipment: cost or other basis
“Assets were reported at fmv for 6/30/2024 year-end”
Raw XML AppendixShowing 400 of 862 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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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Vice President and Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Assistant Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Vice President |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Allison Thacker |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | Kelly Fox |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | Cindy Melton |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 3 | Omar Syed |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 4 | Joseph Davidson |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 5 | Claire Nelson |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 6 | Veta Byrd-Perez |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 7 | Larry Perez |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | Director, President |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | Director |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 2 | Vice President and Treasurer |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 3 | Secretary |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 4 | Assistant Secretary |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 5 | Vice President |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 6 | Assistant Secretary |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 7 | Vice President |
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| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOLLOWING OFFICER(S), DIRECTOR(S), TRUSTEE(S), KEY EMPLOYEE(S) AND/OR HIGHEST COMPENSATED EMPLOYEES PARTICIPATED IN OR RECEIVED PAYMENT FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2023, SUBJECT TO SATISFYING VESTING CONDITIONS RELATED TO CONTINUING SERVICE TO THE UNIVERSITY. AWARD AMOUNTS THAT MAY OR MAY NOT HAVE VESTED ARE SHOWN BELOW. AMOUNTS THAT BECAME TAXABLE DURING THE YEAR DUE TO VESTING OR DISTRIBUTION ARE INCLUDED IN PART II, COLUMN B (III). ACCRUALS FOR AWARDS THAT HAVE NOT VESTED ARE INCLUDED IN THE AMOUNTS SHOWN IN PART II, COLUMN C. KELLY FOX: $70,000 CURRENT YEAR AWARD; $40,833 ACCRUAL FOR AWARDS NOT YET VESTED. OMAR SYED: $30,000 CURRENT YEAR AWARD; $17,500 ACCRUAL FOR AWARDS NOT YET VESTED. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | true |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE BOARD OF WILLIAM MARSH RICE UNIVERSITY EIN 74-1109620, A RELATED ORGANIZATION, ELECTS OR APPOINTS ALL THE MEMBERS OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE GOVERNING BODY HAS THE AUTHORITY TO CREATE COMMITTEES, BUT THEY HAVE NOT DONE SO AS OF JUNE 30, 2024. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FORM IS PREPARED BY STAFF IN THE CONTROLLER'S OFFICE OF WILLIAM MARSH RICE UNIVERSITY EIN 74-1109620. IT IS REVIEWED BY R.U. CORPORATION OFFICERS AND THE CONTROLLER OF RICE UNIVERSITY PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE GENERAL COUNSEL OF WILLIAM MARSH RICE UNIVERSITY EIN 74-1109620 CIRCULATES THE COI POLICY AND FORM TO THE OFFICERS AND DIRECTORS OF R.U. CORPORATION AND REPORTS THE RESULTS TO THE R.U. BOARD ON AN ANNUAL BASIS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BOARD MEMBERS WHO ARE ALSO TRUSTEES OF WILLIAM MARSH RICE UNIVERSITY EIN 74-1109620 RECEIVE NO COMPENSATION. R.U. HAS NO EMPLOYEES, AND ALL SERVICES FOR R.U. ARE PERFORMED BY THE EMPLOYEES OF WILLIAM MARSH RICE UNIVERSITY. COMPENSATION FOR THOSE INDIVIDUALS WHO ARE BOARD MEMBERS OR OFFICERS OF R.U. AND OFFICERS OF WILLIAM MARSH RICE UNIVERSITY IS DETERMINED ACCORDING TO PROCEDURES SET BY THE COMPENSATION AND ORGANIZATIONAL DEVELOPMENT COMMITTEE (CORD) OF THE BOARD OF TRUSTEES OF WILLIAM MARSH RICE UNIVERSITY WHOSE DELIBERATIONS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. THE COMPENSATION FOR THOSE INDIVIDUALS WHO ARE OFFICERS OF R.U. BUT NOT OFFICERS OF WILLIAM MARSH RICE UNIVERSITY IS SET IN ACCORDANCE WITH UNIVERSITY SALARY ADMINISTRATION GUIDELINES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | SEE FORM 990, PART VI, SECTION B, LINE 15A RESPONSE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | FORM 990 IS AVAILABLE UPON REQUEST. R.U. CORPORATION DOES NOT PRODUCE SEPARATE AUDITED FINANCIAL STATEMENTS. THE CONSOLIDATED FINANCIAL STATEMENTS OF WILLIAM MARSH RICE UNIVERSITY EIN 74-1109620, WHICH INCLUDES R.U. CORPORATION, ARE AVAILABLE ON ITS WEBSITE. THE ARTICLES OF INCORPORATION ARE FILED WITH THE STATE AND ARE PUBLICLY AVAILABLE. WILLIAM MARSH RICE UNIVERSITY'S SUBSIDIARIES FOLLOW THE UNIVERSITY'S CONFLICT OF INTEREST POLICY WHICH IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Additional Paid In Capital Adj. - -2674; |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | THE ORGANIZATION IS A CONTROLLED RELATED ENTITY OF AN EDUCATIONAL INSTITUTION (WILLIAM MARSH RICE UNIVERSITY EIN 74-1109620) WHICH IS SUBJECT TO THE SECTION 4968 EXCISE TAX ON NET INVESTMENT INCOME. AS SUCH, THE ORGANIZATION'S NET INVESTMENT INCOME FOR THIS FISCAL YEAR WILL BE REPORTED ON AND COMBINED WITH WILLIAM MARSH RICE UNIVERSITY'S 6/30/2024 YEAR-END FORM 4720 SCHEDULE O. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | ASSETS WERE REPORTED AT FMV FOR 6/30/2024 YEAR-END |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 7a Members or stockholders electing members of governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 11b Review of form 990 by governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 12c Conflict of interest policy |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 15a Process to establish compensation of top management official |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Line 15b Process to establish compensation of other employees |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Line 19 Required documents available to the public |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part XI, Line 9 Other changes in net assets or fund balances |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART V, LINE 16 - SECTION 4968 EXCISE TAX |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | FORM 990, PART X, LINE 10a - Land, buildings, and equipment: cost or other basis |
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| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | William Marsh Rice University |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt | 1 | William Marsh Rice University |
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