Robert B Rice Charitable Trust
- Assets
- $2.1m
- Revenue
- $79.3k
- Investments
- $2.0m
- Employees
- 0
- Location
- Philo, IL
- Founding
- 08/2013
- Data as of
- 12/2022
- EIN
- 45-4484639
Organization Overview
Robert B Rice Charitable Trust is located in Philo, IL. The organization was established in 2013. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Robert B Rice Charitable Trust 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 12/2022, Robert B Rice Charitable Trust generated $79.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $188.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Robert B Rice Charitable Trust has awarded 32 individual grants totaling $1,159,950. 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 |
|---|---|---|---|
Dirk Rice Trustee | 2 | $10,089 | |
Darrel Rice Trustee | 2 | $10,089 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $596 |
| Dividends & Interest | $41,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,837 |
| Capital Gain Net Income | $59,958 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,324 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,178 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,353 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,519 |
| Total operating and administrative expenses | $24,325 |
| Contributions, gifts, grants paid | $163,820 |
| Total expenses and disbursements | $188,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,169 |
| Savings and temporary cash investments | $100,125 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,008,563 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,142,929 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Robert B Rice Charitable Trust has awarded $163,820 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PHILO PRESBYTERIAN CHURCH PURPOSE: GENERAL OPERATING SUPPORT | $11,467 |
PHILO TOWNSHIP LIBRARY PURPOSE: GENERAL OPERATING SUPPORT | $11,467 |
ST THOMAS PARISH PURPOSE: GENERAL OPERATING SUPPORT | $129,419 |
ZION LUTHERAN CHURCH PURPOSE: GENERAL OPERATING SUPPORT | $11,467 |