Civic Intelligence

Rice Re Holdings I

990 • Fiscal year 2019 • EIN 83-0537542

Jul 01, 2018 to Jun 30, 2019 • Filed on May 12, 2020

6100 Main Street MS 70Houston, TX 77005

(713) 348-4927

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.08x

Higher debt load relative to assets than 32% of similar nonprofits.

2019 filings • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

6.60x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • $100M-$250M nonprofits • Source year 2019

Net Margin

27th percentile

-1.3%

Higher net margin than 27% of similar nonprofits.

2019 filings • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$1,510,745

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 58.2% of source-year revenue.

2019 filings • $100M-$250M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$227,200,663

No earlier filing loaded for comparison.

Net Assets

$210,071,716

No earlier filing loaded for comparison.

Liabilities

$17,128,947

No earlier filing loaded for comparison.

Revenue

$2,594,849

No earlier filing loaded for comparison.

Expenses

$2,628,887

No earlier filing loaded for comparison.

Net Income

-$34,038

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2019: $227,200,663Liabilities 2019: $17,128,947Net Assets 2019: $210,071,7162019Assets 2020: $220,741,925Liabilities 2020: $11,544,607Net Assets 2020: $209,197,3182020Assets 2021: $232,908,724Liabilities 2021: $8,444,701Net Assets 2021: $224,464,0232021Assets 2022: $312,994,146Liabilities 2022: $75,856,997Net Assets 2022: $237,137,1492022Assets 2023: $292,080,974Liabilities 2023: $73,955,799Net Assets 2023: $218,125,1752023Assets 2024: $224,254,017Liabilities 2024: $4,419,296Net Assets 2024: $219,834,7212024

Highlighted filing

2019

Assets$227,200,663
Liabilities$17,128,947
Net Assets$210,071,716

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$5.0M$0-$5.0M-$10MRevenue 2019: $2,594,849Expenses 2019: $2,628,887Net Income 2019: -$34,0382019Revenue 2020: -$1,926,040Expenses 2020: $0Net Income 2020: -$1,926,0402020Revenue 2021: -$2,417,422Expenses 2021: $0Net Income 2021: -$2,417,4222021Revenue 2022: -$239,716Expenses 2022: $0Net Income 2022: -$239,7162022Revenue 2023: -$4,591,849Expenses 2023: $0Net Income 2023: -$4,591,8492023Revenue 2024: -$5,403,664Expenses 2024: $0Net Income 2024: -$5,403,6642024

Highlighted filing

2019

Revenue$2,594,849
Expenses$2,628,887
Net Income-$34,038
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 12, 2020
Return Version
2018v3.1
Gross Receipts
$11,019,391
Mission and Program Overview

Mission

To support william marsh rice university ein 74-1109620

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$217,000,000▲ $217,000,000
Cash and Non-Interest-Bearing Accounts$0$9,538,441▲ $9,538,441
Accounts Receivable$0$445,560▲ $445,560
Prepaid Expenses and Deferred Charges$0$216,662▲ $216,662
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$0$227,200,663▲ $227,200,663
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property-$11,923,772-
Accounts Payable and Accrued Expenses$0$5,205,175▲ $5,205,175
Other Liabilities$0$0→ $0
Total Liabilities$0$17,128,947▲ $17,128,947
Net Assets / Fund Balance
Unrestricted Net Assets$0$210,071,716▲ $210,071,716
Total Net Assets Fund Balance$0$210,071,716▲ $210,071,716
Total Liabilities and Net Assets / Fund Balance$0$227,200,663▲ $227,200,663

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$133,113,325$9,630,308-
Other Land Buildings$6,034,170--
Land$66,430,821--
Equipment$772,145--
Leasehold Improvements$10,649,539$557,042-
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,594,849
Change in Net Assets
$-34,038
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,628,887
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---$2,628,887
Total Functional Expenses$0$0$0$2,628,887
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-
Receivables from Officers, Directors, Trustees, and Key Employees-$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 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, 2019.

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 rice re holdings i 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 i and reports the results to the rice re holdings i 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 i has no employees, and all services for rice re holdings i are performed by the employees of william marsh rice university. Compensation for those individuals who are board members or officers of rice re holdings i 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 i 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 i does not produce separate audited financial statements. The consolidated financial statements of william marsh rice university ein 74-1109620, which includes rice re holdings i , 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 I
EIN
83-0537542
Phone
7133484927
Address
6100 MAIN STREET MS 70, Houston, TX 77005

Signing Officer

Name
Ronald E Long
Title
Vice President
Signed
2020-05-12

Organization Details

Formed
2017
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

Additonal Paid in Capital - 5684355; Other change in net assets - Merger - XXX-XX-XXXX;

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 6/30/2019 year-end form 4720 schedule o.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt2Ronald Long
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt3Richard Zansitis
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt4Claire Nelson
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt5Veta Byrd-Perez
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt6Cindy Melton
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Vice President & Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5Assistant Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt6Vice President
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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 2018, subject to satisfying vesting conditions related to continuing service to the university. Award amounts that may or 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. Katherine Collins: $33,333 award; $8,333 accrual for awards not yet vested. Richard Zansitis: $35,000 award; $55,417 accrual for awards not yet vested.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF WILLIAM MARSH 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, 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM IS PREPARED BY STAFF IN THE CONTROLLER'S OFFICE OF WILLIAM MARSH RICE UNIVERSITY EIN 74-1109620. IT IS REVIEWED BY RICE RE HOLDINGS I OFFICERS AND THE CONTROLLER OF RICE UNIVERSITY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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 I AND REPORTS THE RESULTS TO THE RICE RE HOLDINGS I BOARD ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS WHO ARE ALSO TRUSTEES OF WILLIAM MARSH RICE UNIVERSITY EIN 74-1109620 RECEIVE NO COMPENSATION. RICE RE HOLDINGS I HAS NO EMPLOYEES, AND ALL SERVICES FOR RICE RE HOLDINGS I ARE PERFORMED BY THE EMPLOYEES OF WILLIAM MARSH RICE UNIVERSITY. COMPENSATION FOR THOSE INDIVIDUALS WHO ARE BOARD MEMBERS OR OFFICERS OF RICE RE HOLDINGS I 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 I BUT NOT OFFICERS OF WILLIAM MARSH RICE UNIVERSITY IS SET IN ACCORDANCE WITH UNIVERSITY SALARY ADMINISTRATION GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE RESPONSE AT FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990 IS AVAILABLE UPON REQUEST. RICE RE HOLDINGS I DOES NOT PRODUCE SEPARATE AUDITED FINANCIAL STATEMENTS. THE CONSOLIDATED FINANCIAL STATEMENTS OF WILLIAM MARSH RICE UNIVERSITY EIN 74-1109620, WHICH INCLUDES RICE RE HOLDINGS I , 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/ExplanationTxt7Additonal Paid in Capital - 5684355; Other change in net assets - Merger - XXX-XX-XXXX;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE 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 6/30/2019 YEAR-END FORM 4720 SCHEDULE O.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, Line 9 Other changes in net assets or fund balances
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART V, LINE 16 - SECTION 4968 EXCISE TAX
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0Rice RE Holdings I
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1Rice RE Holdings I
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt3Rice RE Holdings I
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt4Rice RE Holdings I
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt5Rice RE Holdings I
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0University Northeast LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1University Northwest LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2University South LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt32500 Dunstan LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt4Morningside North LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt5Amherst North LLC
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