Civic Intelligence

Village Project Inc

EIN 76-0371337 • 501(c)2 • Houston, TX

Profile

To support rice university ein 74-1109620

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

n/A

Siviq Scores

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

Liabilities / Assets

37th percentile

0.06x

Higher debt load relative to assets than 37% of similar nonprofits.

$50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

76th percentile

0.96x

Higher debt load relative to revenue than 76% of similar nonprofits.

$50M-$100M nonprofits • Source year 2018

Net Margin

33rd percentile

0.0%

Higher net margin than 33% of similar nonprofits.

$50M-$100M nonprofits • Source year 2018

Top Officer Pay

94th percentile

$1,357,161

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 39.3% of source-year revenue.

$50M-$100M nonprofits • Source year 2017

Asset Growth

29th percentile

0.6%

Faster asset growth than 29% of similar nonprofits.

$50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

6.2%

Faster revenue growth than 42% of similar nonprofits.

$50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Up

$61,521,022

Up $364,121 (+0.6%) from 2017

Liabilities

Up

$3,532,260

Up $620,085 (+21%) from 2017

Net Assets

Down

$57,988,762

Down $255,964 (-0.4%) from 2017

Revenue

Up

$3,671,137

Up $214,517 (+6.2%) from 2017

Expenses

Up

$3,671,137

Up $214,517 (+6.2%) from 2017

Net Income

Flat

$0

Flat from 2017

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $8,257,024Liabilities 2010: $0Net Assets 2010: $8,257,0242010Assets 2011: $8,257,024Liabilities 2011: $0Net Assets 2011: $8,257,0242011Assets 2012: $8,257,024Liabilities 2012: $0Net Assets 2012: $8,257,0242012Assets 2013: $8,257,024Liabilities 2013: $0Net Assets 2013: $8,257,0242013Assets 2014: $8,257,024Liabilities 2014: $0Net Assets 2014: $8,257,0242014Assets 2015: $58,646,792Liabilities 2015: $3,152,241Net Assets 2015: $55,494,5512015Assets 2016: $59,990,416Liabilities 2016: $4,495,865Net Assets 2016: $55,494,5512016Assets 2017: $61,156,901Liabilities 2017: $2,912,175Net Assets 2017: $58,244,7262017Assets 2018: $61,521,022Liabilities 2018: $3,532,260Net Assets 2018: $57,988,7622018

Highlighted filing

2018

Assets$61,521,022
Liabilities$3,532,260
Net Assets$57,988,762

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $775,9772010Expenses 2011: $673,2682011Expenses 2012: $874,2092012Expenses 2013: $727,1412013Revenue 2014: $896,974Expenses 2014: $896,974Net Income 2014: $02014Revenue 2015: $1,979,322Expenses 2015: $1,979,322Net Income 2015: $02015Revenue 2016: $4,109,144Expenses 2016: $4,109,144Net Income 2016: $02016Revenue 2017: $3,456,620Expenses 2017: $3,456,620Net Income 2017: $02017Revenue 2018: $3,671,137Expenses 2018: $3,671,137Net Income 2018: $02018

Highlighted filing

2018

Revenue$3,671,137
Expenses$3,671,137
Net Income$0

Filings

Latest Detailed Filing

The latest 2018 filing currently has summary financial data only. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 8, 2017
Return Version
2015v3.0
Gross Receipts
$7,628,643
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
Land, Buildings, and Equipment, Net$54,808,678$54,079,607▼ $729,071
Cash and Non-Interest-Bearing Accounts$2,739,128$4,771,173▲ $2,032,045
Accounts Receivable$251,138$1,034,777▲ $783,639
Prepaid Expenses and Deferred Charges$46,364$104,859▲ $58,495
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Total Assets$58,646,792$59,990,416▲ $1,343,624
Other Assets Total$801,484$0▼ $801,484
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,892,953$1,832,959▼ $59,994
Other Liabilities$713,069$1,534,882▲ $821,813
Accounts Payable and Accrued Expenses$546,219$857,808▲ $311,589
Deferred Revenue-$270,216-
Total Liabilities$3,152,241$4,495,865▲ $1,343,624
Net Assets / Fund Balance
Unrestricted Net Assets$55,494,551$55,494,551→ $0
Total Net Assets Fund Balance$55,494,551$55,494,551→ $0
Total Liabilities and Net Assets / Fund Balance$58,646,792$59,990,416▲ $1,343,624

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$36,263,058$1,618,609-
Land$17,372,362--
Leasehold Improvements$444,187--
Compensation and Service Providers

Board Members and Trustees

NameTitle
-President & Director
-Vice President
-Director
-Assistant Secretary
-Secretary
-VP & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$4,109,144
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,109,144
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
Payments to Affiliates---$3,176,407
Depreciation Depletion---$932,737
Total Functional Expenses$0$0$0$4,109,144
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Parent$1,534,882
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 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, 2016.

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 village project 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 village project and reports the results to the village project 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. Village project has no employees, and all services for village project are performed by the employees of rice university. Compensation for those individuals who are board members or officers of village project 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 officers of village project 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, 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. Village project does not produce separate audited financial statements. The consolidated financial statements of rice university ein 74-1109620, which includes village project, 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
Village Project Inc
EIN
76-0371337
Phone
7133484927
Address
6100 Main Street MS-70, Houston, TX 77005-1892

Signing Officer

Name
Ronald E Long
Title
Vice President
Signed
2017-05-08

Organization Details

Formed
1992
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
0
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3VP & TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5ASSISTANT SECRETARY
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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 2015, subject to satisfying vesting conditions related to continuing service to Rice 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 Katherine Collins: distribution of $5,048 of prior year awards.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF RICE UNIVERSITY EIN 74-1109620,A RELATED ORGANIZATION, ELECTS OR APPOINTS ALL 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, 2016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM IS PREPARED BY STAFF IN THE CONTROLLER'S OFFICE OF RICE UNIVERSITY EIN 74-1109620. IT IS REVIEWED BY VILLAGE PROJECT 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 VILLAGE PROJECT AND REPORTS THE RESULTS TO THE VILLAGE PROJECT BOARD ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS WHO ARE ALSO TRUSTEES OF RICE UNIVERSITY EIN 74-1109620 RECEIVE NO COMPENSATION. VILLAGE PROJECT HAS NO EMPLOYEES, AND ALL SERVICES FOR VILLAGE PROJECT ARE PERFORMED BY THE EMPLOYEES OF RICE UNIVERSITY. COMPENSATION FOR THOSE INDIVIDUALS WHO ARE BOARD MEMBERS OR OFFICERS OF VILLAGE PROJECT 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 OFFICERS OF VILLAGE PROJECT BUT NOT OFFICERS OF RICE UNIVERSITY IS SET IN ACCORDANCE WITH UNIVERSITY SALARY ADMINISTRATION GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE FORM 990, PART VI, SECTION B, LINE 15A RESPONSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990 IS AVAILABLE UPON REQUEST. VILLAGE PROJECT DOES NOT PRODUCE SEPARATE AUDITED FINANCIAL STATEMENTS. THE CONSOLIDATED FINANCIAL STATEMENTS OF RICE UNIVERSITY EIN 74-1109620, WHICH INCLUDES VILLAGE PROJECT, 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/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0WILLIAM MARSH RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1WILLIAM MARSH RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2WILLIAM MARSH RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0412049836
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1464015703
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt019 RUE CROZATIER 75012
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CountryCd0FR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/ProvinceOrStateNm0PARIS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileForeignCountryCd0FR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0REAL ESTATE TITLE HOLDING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1BOOK PUBLISHERS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2ARCHITECTURAL EDUCATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0PEABODY INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1ACCELERATE LEARNING INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2RICE SCHOOL OF ARCHITECTURE PARIS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt06100 MAIN STREET MS-91
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt15177 RICHMOND AVE SUITE 1025
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0HOSUTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1HOUSTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd0770051892
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd177056
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0WILLIAM MARSH RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1WILLIAM MARSH RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt2WILLIAM MARSH RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt3WILLIAM MARSH RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt4WILLIAM MARSH RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt5WILLIAM MARSH RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0455564948
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