Civic Intelligence

Texas Rice Research Foundation

EIN 76-0029180 • 501(c)5 • Katy, TX

Profile

Direct funds for programs of rice research primarily at the Texas Agricultural Experiment Station, and disseminating information obtained from research to rice producers.

1806 Avenue D Suite 106Katy, TX 77493

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

0.50x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

3.32x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2023

Net Margin

2nd percentile

-40%

Higher net margin than 2% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

26th percentile

-0.6%

Faster asset growth than 26% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

18th percentile

-3.6%

Faster revenue growth than 18% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$4,379,573

Down $175,056 (-3.8%) from 2023

Liabilities

Down

$1,844,911

Down $424,739 (-19%) from 2023

Net Assets

Up

$2,534,662

Up $249,683 (+11%) from 2023

Revenue

Up

$968,513

Up $285,380 (+42%) from 2023

Expenses

Down

$718,830

Down $235,295 (-25%) from 2023

Net Income

Up

$249,683

Up $520,675 (+192%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $1,253,168Liabilities 2011: $511,524Net Assets 2011: $741,6442011Assets 2012: $1,386,272Liabilities 2012: $560,960Net Assets 2012: $825,3122012Assets 2013: $1,355,449Liabilities 2013: $635,899Net Assets 2013: $719,5502013Assets 2014: $2,458,614Liabilities 2014: $770,665Net Assets 2014: $1,687,9492014Assets 2015: $3,394,166Liabilities 2015: $744,640Net Assets 2015: $2,649,5262015Assets 2016: $4,012,379Liabilities 2016: $774,586Net Assets 2016: $3,237,7932016Assets 2017: $4,396,067Liabilities 2017: $707,978Net Assets 2017: $3,688,0892017Assets 2018: $4,502,630Liabilities 2018: $627,897Net Assets 2018: $3,874,7332018Assets 2019: $4,819,741Liabilities 2019: $690,909Net Assets 2019: $4,128,8322019Assets 2020: $5,306,670Liabilities 2020: $727,169Net Assets 2020: $4,579,5012020Assets 2021: $4,847,651Liabilities 2021: $1,830,077Net Assets 2021: $3,017,5742021Assets 2022: $4,582,444Liabilities 2022: $2,026,473Net Assets 2022: $2,555,9712022Assets 2023: $4,554,629Liabilities 2023: $2,269,650Net Assets 2023: $2,284,9792023Assets 2024: $4,379,573Liabilities 2024: $1,844,911Net Assets 2024: $2,534,6622024

Highlighted filing

2024

Assets$4,379,573
Liabilities$1,844,911
Net Assets$2,534,662

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $583,842Expenses 2011: $425,533Net Income 2011: $158,3092011Revenue 2012: $653,344Expenses 2012: $569,676Net Income 2012: $83,6682012Revenue 2013: $231,423Expenses 2013: $337,185Net Income 2013: -$105,7622013Revenue 2014: $1,551,034Expenses 2014: $582,635Net Income 2014: $968,3992014Revenue 2015: $1,394,780Expenses 2015: $433,203Net Income 2015: $961,5772015Revenue 2016: $1,108,619Expenses 2016: $520,352Net Income 2016: $588,2672016Revenue 2017: $1,413,312Expenses 2017: $963,016Net Income 2017: $450,2962017Revenue 2018: $692,675Expenses 2018: $506,031Net Income 2018: $186,6442018Revenue 2019: $1,083,335Expenses 2019: $829,236Net Income 2019: $254,0992019Revenue 2020: $1,279,817Expenses 2020: $829,148Net Income 2020: $450,6692020Revenue 2021: $407,646Expenses 2021: $1,969,573Net Income 2021: -$1,561,9272021Revenue 2022: $708,943Expenses 2022: $1,170,546Net Income 2022: -$461,6032022Revenue 2023: $683,133Expenses 2023: $954,125Net Income 2023: -$270,9922023Revenue 2024: $968,513Expenses 2024: $718,830Net Income 2024: $249,6832024

Highlighted filing

2024

Revenue$968,513
Expenses$718,830
Net Income$249,683

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.38$1.84$2.53$0.97$0.72$0.25
2023Detailed filing. Detailed filing data is available for this year.$4.55$2.27$2.28$0.68$0.95$0.27
2022Detailed filing. Detailed filing data is available for this year.$4.58$2.03$2.56$0.71$1.17$0.46
2021Detailed filing. Detailed filing data is available for this year.$4.85$1.83$3.02$0.41$1.97$1.56
2020Detailed filing. Detailed filing data is available for this year.$5.31$0.73$4.58$1.28$0.83$0.45
2019Detailed filing. Detailed filing data is available for this year.$4.82$0.69$4.13$1.08$0.83$0.25
2018Summary only. Only limited summary data is available for this year.$4.50$0.63$3.87$0.69$0.51$0.19
2017Summary only. Only limited summary data is available for this year.$4.40$0.71$3.69$1.41$0.96$0.45
2016Summary only. Only limited summary data is available for this year.$4.01$0.77$3.24$1.11$0.52$0.59
2015Summary only. Only limited summary data is available for this year.$3.39$0.74$2.65$1.39$0.43$0.96
2014Summary only. Only limited summary data is available for this year.$2.46$0.77$1.69$1.55$0.58$0.97
2013Summary only. Only limited summary data is available for this year.$1.36$0.64$0.72$0.23$0.34$0.11
2012Summary only. Only limited summary data is available for this year.$1.39$0.56$0.83$0.65$0.57$0.08
2011Summary only. Only limited summary data is available for this year.$1.25$0.51$0.74$0.58$0.43$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Feb 5, 2025
Return Version
2023v6.0
Gross Receipts
$968,513
Mission and Program Overview

Mission

Direct funds for programs of rice research primarily at the Texas Agricultural Experiment Station, and disseminating information obtained from research to rice producers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,474,629$4,299,573▼ $175,056
Rtn Earn Endowment Incm Other Fnds$2,284,979$2,534,662▲ $249,683
Cash and Non-Interest-Bearing Accounts$80,000$80,000→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,554,629$4,379,573▼ $175,056
Other Assets Total-$0-
Liabilities
Grants Payable$2,269,650$1,844,911▼ $424,739
Total Liabilities$2,269,650$1,844,911▼ $424,739
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,284,979$2,534,662▲ $249,683
Total Liabilities and Net Assets / Fund Balance$4,554,629$4,379,573▼ $175,056
Compensation and Service Providers

Board Members and Trustees

NameTitle
Galen FranzChairman
Neal Stoesservice Chairman
Arthur AndersonDirector
Barrett FranzDirector
Daniel BerglundDirector
Frank StasneyDirector
JD Woods JrDirector
Rodney MowreyDirector
Rhett TurnerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$757,341
Program Service Revenue
$0
Investment Income
$211,030
Other Revenue
$142
All Other Contributions
$757,341
Change in Net Assets
$249,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$706,989
Other Expenses$11,841
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$706,989--$706,989
Fees for Services Accounting-$8,400-$8,400
Other Expenses-$66-$66
Total Functional Expenses$706,989$11,841$0$718,830
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Texas Agrilife Research of TXCollege Station, TX-Rice Research Projects$706,989
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
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

Governance Explanations

Form 990, Part VI, Section A, Line 9

Arthur Anderson- 112 Laughlin Rd, Eagle Lake, TX 77434Galen Franz - 406 Woodlands, Victoria, TX 77904Rhett Turner- 1711 Jobe Wilson Rd, Anahuac, TX 77514Rodney Mowery- 1120 County Rd 42, Rosharon, TX 77583Barrett Franz - 905 CR 108 Bay City, TX 77414Ray Stoesser- 501 S. Church St, Dayton, TX 77535Frank Stasney- 10711 Wernecke Rd, Beasley, TX 77417J.D. Woods, Jr- 31807 Katy Brookshire Rd, Brookshire, TX 77423Daniel Berglund - 588 Crescent Ln, Wharton, TX 77488

Form 990, Part VI, Section B, Line 11B

Monthly financial statements and Form 990 are prepared by a CPA and an unrelated CPA performs Agreed Upon Procedures of Financial Statements.

Form 990, Part VI, Section C, Line 19

All governing instruments and financial statements are available to the public upon request to any Director or the CPA who performs all accounting functions for the Foundation.

Filing and Contact Details

Filer

Filer Name
Texas Rice Research Foundation
EIN
76-0029180
Phone
2813913655
Address
1806 Avenue D Suite 106, Katy, TX 77493

Signing Officer

Name
Galen Franz
Title
Chairman
Signed
2025-02-05
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Vicki Rao CPA
Address
1806 Avenue D Suite 106, Katy, TX 77493
Preparer
Vicki Rao CPA
Phone
2813913655
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Rice Research Projects
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Texas Agrilife Research of TX
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0AM Univ TX Extension Svc
IRS990ScheduleI/RecipientTable/USAddress/CityNm0College Station
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077845
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0There are separate grants to doctors/scientific researchers working on the various areas of the research. Each grant is assigned an identifying number. Each month the item by item separate expenditures are reported to and paid by Texas A&M University (Texas A&M Agrilife Research). They then bill the Texas Rice Research Foundation and are subsequently repaid. At the completion of each section of research the doctor/scientific researcher who performed the research submits and reports in person to the Board of the Texas Rice Research Foundation as to the findings and results. These results are then made available to the rice producers in various industry positions.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Arthur Anderson- 112 Laughlin Rd, Eagle Lake, TX 77434Galen Franz - 406 Woodlands, Victoria, TX 77904Rhett Turner- 1711 Jobe Wilson Rd, Anahuac, TX 77514Rodney Mowery- 1120 County Rd 42, Rosharon, TX 77583Barrett Franz - 905 CR 108 Bay City, TX 77414Ray Stoesser- 501 S. Church St, Dayton, TX 77535Frank Stasney- 10711 Wernecke Rd, Beasley, TX 77417J.D. Woods, Jr- 31807 Katy Brookshire Rd, Brookshire, TX 77423Daniel Berglund - 588 Crescent Ln, Wharton, TX 77488
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Monthly financial statements and Form 990 are prepared by a CPA and an unrelated CPA performs Agreed Upon Procedures of Financial Statements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All governing instruments and financial statements are available to the public upon request to any Director or the CPA who performs all accounting functions for the Foundation.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01806 Avenue D Suite 106
IRS990/USAddress/CityNm0Katy
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IRS990/USAddress/ZIPCd077493
IRS990/VotingMembersGoverningBodyCnt09
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Galen Franz
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Texas Rice Research Foundation
ReturnHeader/Filer/BusinessNameControlTxt0TEXA
ReturnHeader/Filer/EIN0760029180
ReturnHeader/Filer/PhoneNum02813913655
ReturnHeader/Filer/USAddress/AddressLine1Txt01806 Avenue D Suite 106
ReturnHeader/Filer/USAddress/CityNm0Katy
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077493
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760674690
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Vicki Rao CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01806 Avenue D Suite 106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Katy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077493
ReturnHeader/PreparerPersonGrp/PhoneNum02813913655
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Vicki Rao CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-02-05T08:35:47-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-08-01
ReturnHeader/TaxPeriodEndDt02024-07-31
ReturnHeader/TaxYr02023

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