Rice Family Foundation
Rice Family Foundation consistently operates with expenses exceeding revenue, relying on its $60M+ asset base, and reports no officer compensation.
EIN: 133542090 · Jericho, NY · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $17.8M |
| Total Expenses | $5.3M |
| Program Spending | 90% |
| Net Assets | $23.4M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Rice Family Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Rice Family Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Rice Family Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $3.9M and expenses of $5.3M.
Revenue and Expenses
Rice Family Foundation reported $3.9M in revenue and $5.3M in expenses, a deficit of $1.4M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Rice Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $4.7M (90%) |
Across stored filings, Rice Family Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade C | 10 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
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Rice Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rice Family Foundation
Rice Family Foundation (EIN: 133542090) is a nonprofit organization based in Jericho, NY. The organization reported total revenue of $17.8M and total assets of $61.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rice Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rice Family Foundation is a large nonprofit, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-1,362,299 |
| Total Assets | $63.8M |
| Total Liabilities | $40.3M |
| Net Assets | $23.4M |
| Operating Margin | -34.9% |
| Debt-to-Asset Ratio | 63.2% |
| Months of Reserves | 145.4 months |
Financial Health Grade: C
In 2023, Rice Family Foundation reported a deficit of $1.4M with expenses exceeding revenue, holds 145.4 months of operating reserves (strong position), has a debt-to-asset ratio of 63.2% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Rice Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.7% | +14.4% | -2.1% |
| 2022 | -45.0% | -18.3% | -2.4% |
| 2021 | +4.6% | +1.5% | -0.1% |
| 2020 | +22.1% | -13.6% | +152.9% |
| 2019 | -33.2% | +33.1% | -18.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rice Family Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Rice Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.2%.
Executive Compensation Analysis
The Rice Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through an external entity, which significantly reduces direct administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Rice Family Foundation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, such as $5.26M expenses vs. $3.90M revenue in 2023.
- Dramatic increase in liabilities from $0 in 2019 to over $40 million in 2020, which requires clarification.
Strengths
The following positive indicators were identified for Rice Family Foundation:
- Substantial asset base, reaching $63.76 million in 2023, providing significant financial stability.
- No reported officer compensation across all filings, indicating very low direct executive overhead.
- Consistent IRS 990 filing history over a decade, demonstrating regulatory compliance and transparency.
Frequently Asked Questions about Rice Family Foundation
Is Rice Family Foundation a legitimate charity?
Rice Family Foundation (EIN: 133542090) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $17.8M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Rice Family Foundation spend its money?
Rice Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Rice Family Foundation tax-deductible?
Rice Family Foundation is registered as a tax-exempt nonprofit (EIN: 133542090). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rice Family Foundation located?
Rice Family Foundation is headquartered in Jericho, New York and files with the IRS under EIN 133542090.
How many years of IRS 990 filings does Rice Family Foundation have?
Rice Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $17.8M in total revenue.
What caused the significant increase in liabilities from $0 in 2019 to over $40 million in 2020 and subsequent years?
The provided data shows a dramatic increase in liabilities from $0 in 2019 to $40,589,095 in 2020, remaining around that level through 2023. This warrants further investigation into the nature of these liabilities (e.g., program-related investments, debt, or other obligations) as it represents a substantial change in the foundation's financial structure.
How does the Rice Family Foundation sustain its operations given that expenses frequently exceed revenue?
The foundation frequently reports expenses exceeding revenue (e.g., $5.26M expenses vs. $3.90M revenue in 2023). It appears to sustain its operations and grant-making activities by drawing from its substantial asset base, which was $63.76 million in 2023.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a precise assessment of spending efficiency beyond the observation of no officer compensation.
Filing History
IRS 990 filing history for Rice Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rice Family Foundation's revenue has grown by 21.6%, moving from $3.2M to $3.9M. Total assets increased by 111.7% over the same period, from $30.1M to $63.8M. Total functional expenses rose by 51.3%, from $3.5M to $5.3M. In its most recent filing year (2023), Rice Family Foundation reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $40.3M in liabilities against $63.8M in assets (debt-to-asset ratio: 63.2%), resulting in net assets of $23.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $5.3M | $63.8M | $40.3M | — | — |
| 2022 | $3.1M | $4.6M | $65.2M | $40.4M | — | — |
| 2021 | $5.6M | $5.6M | $66.8M | $40.5M | — | View 990 |
| 2020 | $5.4M | $5.5M | $66.9M | $40.6M | — | View 990 |
| 2019 | $4.4M | $6.4M | $26.4M | $0 | — | View 990 |
| 2015 | $6.6M | $4.8M | $32.4M | $2.6M | — | View 990 |
| 2014 | $6.6M | $3.7M | $30.7M | $2.7M | — | View 990 |
| 2013 | $2.7M | $4.7M | $27.9M | $2.7M | — | View 990 |
| 2012 | $3.2M | $3.3M | $30.0M | $2.8M | — | View 990 |
| 2011 | $3.2M | $3.5M | $30.1M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $5.3M, and assets of $63.8M (revenue +25.7% year-over-year).
- 2022: Revenue of $3.1M, expenses of $4.6M, and assets of $65.2M (revenue -45.0% year-over-year).
- 2021: Revenue of $5.6M, expenses of $5.6M, and assets of $66.8M (revenue +4.6% year-over-year).
- 2020: Revenue of $5.4M, expenses of $5.5M, and assets of $66.9M (revenue +22.1% year-over-year).
- 2019: Revenue of $4.4M, expenses of $6.4M, and assets of $26.4M (revenue -33.2% year-over-year).
- 2015: Revenue of $6.6M, expenses of $4.8M, and assets of $32.4M (revenue +0.7% year-over-year).
- 2014: Revenue of $6.6M, expenses of $3.7M, and assets of $30.7M (revenue +147.2% year-over-year).
- 2013: Revenue of $2.7M, expenses of $4.7M, and assets of $27.9M (revenue -16.2% year-over-year).
- 2012: Revenue of $3.2M, expenses of $3.3M, and assets of $30.0M (revenue -1.0% year-over-year).
- 2011: Revenue of $3.2M, expenses of $3.5M, and assets of $30.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rice Family Foundation:
Data Sources and Methodology
This transparency report for Rice Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.