Ethel & Raymond F Rice Foundation
- Assets
- $21.6m
- Revenue
- $1.3m
- Investments
- $20.9m
- Employees
- 0
- Location
- Lawrence, KS
- Founding
- 04/1972
- Data as of
- 12/2020
- EIN
- 23-7156608
Organization Overview
Ethel & Raymond F Rice Foundation is located in Lawrence, KS. The organization was established in 1972. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ethel & Raymond F Rice Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Ethel & Raymond F Rice Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $932.5k during the year ending 12/2020. While expenses have increased by 0.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ethel & Raymond F Rice Foundation has awarded 190 individual grants totaling $5,963,767. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Curran President | 20 | $35,004 | |
Ernesto T Hodison Treasurer | 0.5 | $5,000 | |
Robert C Johnson Vice President | 0.5 | $5,000 | |
Bradley R Finkeldei Secretary | 0.5 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33 |
| Dividends & Interest | $321,584 |
| Net Rental Income | $46,446 |
| Net Gain on Sale of Assets | $945,414 |
| Capital Gain Net Income | $945,414 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,338,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,004 |
| Other employee salaries and wages | $19,429 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,561 |
| Depreciation | $0 |
| Occupancy | $19,488 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66,473 |
| Total operating and administrative expenses | $187,605 |
| Contributions, gifts, grants paid | $744,859 |
| Total expenses and disbursements | $932,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,495 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,720 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $20,910,731 |
| Net Land, buildings, and equipment | $600,000 |
| Other assets | $0 |
| Total assets | $21,634,185 |
| Accounts payable and accrued expenses | $27,707 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,707 |
Grants Awarded
Over the last fiscal year, Ethel & Raymond F Rice Foundation has awarded $806,685 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BERT NASH HEALTH CENTER PURPOSE: FOR OFFICE SPACE RENOVATION AND FOR OFFICE EQUIPMENT AND FURNITURE. | $83,000 |
DOUGLAS CO VISITING NURSES PURPOSE: TO SUPPLEMENT COST OF PROVIDING IN-HOME CARE FOR QUALIFIED NO/LOW INCOME, FRAIL, UNINSURED AND UNDERINSURED IN VNA'S HOME HEALTH AND HOSPICE PROGRAMS | $80,000 |
Lawrence, KS PURPOSE: TOWARD RENT OF SPACE USED FOR A DANCE STUDIO, PERFORMING ARTS, BATHROOM, AND ART GALLERY. | $75,000 |
UNITED WAY OF DG COUNTY PURPOSE: TO SUPPORT PROGRAMS SUPPORTING CHILDHOOD EDUCATION, NUTRITIOUS FOOD, SAFE AND SECURE HOUSING, HEALTH AND HUMAN SERVICES, TRANSPORTATION, JOB TRAINING FOR LOW-INCOME, BLACK, INDIGENOUS, PEOPLE OF COLOR. | $50,000 |
BALLARD COMMUNITY CENTER PURPOSE: TO SUPPORT FAMILY CONNECTIONS AND EMERGENCY SERVICES PROGRAMS. | $50,000 |
PINEY WOODS SCHOOL PURPOSE: TOWARD STUDENT SCHOLARSHIPS FOR NEEDY STUDENTS, WITH PRIORITY GIVEN TO A STUDENT FROM KANSAS | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
Centene Charitable Foundation St Louis, MO | $259,102,242 | $5,821,965 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |