Usa Rice Council
- Assets
- $3.1m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 03/1959
- Data as of
- 07/2023
- EIN
- 74-1301206
Organization Overview
Usa Rice Council is located in Arlington, VA. The organization was established in 1959. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is the central organization for a national or regional group of organizations. USA Rice Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 07/2023, USA Rice Council generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $5.2m during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, USA Rice Council has awarded 31 individual grants totaling $1,924,028. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE U.S.-GROWN RICE AT HOME AND AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE USA RICE COUNCIL IS A CHARTER MEMBER OF THE USA RICE FEDERATION, WHO RECEIVES FUNDING FROM THE COUNCIL TO MANAGE THE ASSOCIATION AND TO CONDUCT APPROVED PROGRAMS ON ITS BEHALF.
THE COUNCIL DIRECTLY FUNDS FEW ACTIVITIES, WHICH ARE TYPICALLY ADMINISTRATIVE IN NATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Unkel Chair | OfficerTrustee | 1 | $0 |
Byron Holmes Immediate Past Chair | OfficerTrustee | 1 | $0 |
Johnny Sullivan Secretary | OfficerTrustee | 1 | $0 |
Keith Gray Treasurer | OfficerTrustee | 1 | $0 |
Kane Fontenot Vice Chair | OfficerTrustee | 1 | $0 |
Jeff Rutledge Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,510,144 |
| Investment income | $1,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,511,375 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $260,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $748 |
| Fees for services: Accounting | $7,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $4,935,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,203,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,352,942 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $479,605 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,268,164 |
| Total assets | $3,100,711 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,100,711 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,100,711 |
Grants Awarded
Over the last fiscal year, Usa Rice Council has awarded $260,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE RICE FOUNDATION PURPOSE: Support The Rice Foundation programs | $7,500 |
ARKANSAS RICE COUNCIL PURPOSE: Arkansas Rice Promotion support | $103,000 |
CALIFORNIA RICE COMMISSION PURPOSE: Program support | $150,000 |