Civic Intelligence

Rice Re Holdings III

EIN 83-0525761 • 501(c)25 • Houston, TX

Profile

To support william marsh 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

28th percentile

0.03x

Higher debt load relative to assets than 28% of similar nonprofits.

$100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

100th percentile

105%

Higher net margin than 100% of similar nonprofits.

$100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

22nd percentile

-0.8%

Faster asset growth than 22% of similar nonprofits.

$100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Down

$156,254,079

Down $1,202,867 (-0.8%) from 2023

Liabilities

Down

$4,863,835

Down $581,463 (-11%) from 2023

Net Assets

Down

$151,390,244

Down $621,404 (-0.4%) from 2023

Revenue

Down

-$10,104,576

Down $3,061,857 (-43%) from 2023

Expenses

Down

$463,558

Down $570,893 (-55%) from 2023

Net Income

Down

-$10,568,134

Down $2,490,964 (-31%) from 2023

Trend Graphs

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2018: $13,298,000Liabilities 2018: $57,648Net Assets 2018: $13,240,3522018Assets 2019: $33,852,810Liabilities 2019: $116,693Net Assets 2019: $33,736,1172019Assets 2020: $36,331,950Liabilities 2020: $96,858Net Assets 2020: $36,235,0922020Assets 2021: $189,919,833Liabilities 2021: $144,969Net Assets 2021: $189,774,8642021Assets 2022: $190,184,069Liabilities 2022: $4,584,913Net Assets 2022: $185,599,1562022Assets 2023: $157,456,946Liabilities 2023: $5,445,298Net Assets 2023: $152,011,6482023Assets 2024: $156,254,079Liabilities 2024: $4,863,835Net Assets 2024: $151,390,2442024

Highlighted filing

2024

Assets$156,254,079
Liabilities$4,863,835
Net Assets$151,390,244

Operations Trend

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

$20M$10M$0-$10M-$20MRevenue 2018: $0Expenses 2018: $154,083Net Income 2018: -$154,0832018Revenue 2019: -$332,132Expenses 2019: $0Net Income 2019: -$332,1322019Revenue 2020: -$97,739Expenses 2020: $0Net Income 2020: -$97,7392020Revenue 2021: -$4,482,268Expenses 2021: $4,501,742Net Income 2021: -$8,984,0102021Revenue 2022: -$1,557,428Expenses 2022: $14,826,446Net Income 2022: -$16,383,8742022Revenue 2023: -$7,042,719Expenses 2023: $1,034,451Net Income 2023: -$8,077,1702023Revenue 2024: -$10,104,576Expenses 2024: $463,558Net Income 2024: -$10,568,1342024

Highlighted filing

2024

Revenue-$10,104,576
Expenses$463,558
Net Income-$10,568,134

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$16,531,065
Mission and Program Overview

Mission

To support william marsh rice university ein 74-1109620

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$150,096,571$151,899,686▲ $1,803,115
Cash and Non-Interest-Bearing Accounts$6,404,062$3,398,080▼ $3,005,982
Accounts Receivable$900,000$900,000→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$157,456,946$156,254,079▼ $1,202,867
Other Assets Total$56,313$56,313→ $0
Liabilities
Other Liabilities$4,446,669$4,446,669→ $0
Accounts Payable and Accrued Expenses$998,629$417,166▼ $581,463
Total Liabilities$5,445,298$4,863,835▼ $581,463
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$152,011,648$151,390,244▼ $621,404
Total Net Assets Fund Balance$152,011,648$151,390,244▼ $621,404
Total Liabilities and Net Assets / Fund Balance$157,456,946$156,254,079▼ $1,202,867

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$145,647,634--
Land$3,312,403--
Leasehold Improvements$2,939,649--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Allison ThackerDirector & President
Claire NelsonVice President
Larry PerezVice President
Cindy MeltonVice President & Treasurer
Asuka NakaharaDirector
Kelly FoxDirector
Kenneth JettDirector (Beg April 24)
Joseph DavidsonAssistant Secretary
Veta Byrd-PerezAssistant Secretary
Omar SyedSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Endurance Builders LLCConstruction2900 North Loop West Suite 100, Houston, TX 77091$4,227,964
Transwestern Commercial SVCS LLCManagement1900 W Loop S 1300, Houston, TX 77027$1,011,954
United Protective Services of SouthSecurity11111 Katy Freeway Suite 750, Houston, TX 77079$695,619
Iron Horse Builders LLCConstruction4200 Montrose Blvd Suite 500, Houston, TX 77002$624,296
Hines Interests LPDevelopment ManagementPO Box 301064, Dallas, TX 75303$472,954
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-10,104,576
Change in Net Assets
$-10,568,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$463,558
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 Legal---$51,226
Fees for Services Management---$34,383
Insurance---$19,211
Fees for Services Other---$10,608
Other Expenses---$-4,105
Total Functional Expenses$0$0$0$463,558
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
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
Cash interfund$4,446,669
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 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 the pricewaterhousecoopers tax team, rice re holdings iii 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 rice re holdings iii and reports the results to the rice re holdings iii 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. Rice re holdings iii has no employees, and all services for rice re holdings iii are performed by the employees of william marsh rice university. Compensation for those individuals who are board members or officers of rice re holdings iii 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 rice re holdings iii 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 response at form 990, part vi, section b, line 15a

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

Form 990 is available upon request. Rice re holdings iii does not produce separate audited financial statements. The consolidated financial statements of william marsh rice university ein 74-1109620, which includes rice re holdings iii , 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
Rice RE Holdings III
EIN
83-0525761
Phone
7133480000
Address
6100 Main Street MS-70, Houston, TX 77005-1892

Signing Officer

Name
Kelly Fox
Title
Director
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
PwC US Tax LLP
Address
2001 MARKET ST SUITE 1800, PHILADELPHIA, PA 19103
Preparer
Eric M Mcneil
Phone
2673303000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Additional Paid in Capital - 26824547;

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.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Allison Thacker
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Kelly Fox
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Cindy Melton
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3Omar Syed
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4Veta Byrd-Perez
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5Joseph Davidson
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6Claire Nelson

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