Northrop Rice Foundation
- Assets
- $21.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/1995
- Data as of
- 12/2019
- EIN
- 76-0452731
Organization Overview
Northrop Rice Foundation is located in Houston, TX. The organization was established in 1995. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northrop 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 12/2019, Northrop Rice Foundation generated $67.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $76.1k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
PROVIDES SCHOLARSHIPS TO STUDENTS AND INSTRUCTORS FORCAREER ADVANCEMENT IN THE AVIATION MAINTENANCE TRAININGFIELD. ALSO PROVIDE SUPPORT FOR THE DEVELOPMENT OF BETTER AND MORE CURRENT TRAINING EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
P Kevin Gulliver President | 3 | $0 | |
Joe Dudek Director | 0.5 | $0 | |
Cathy Landry Secretary/ Treasurer | 5 | $0 | |
Zaheer Faruqi Director | 0.5 | $0 | |
Vince Jones Director | 5 | $0 | |
John Gamble Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,758 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $143 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,901 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,109 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $915 |
| Other expenses | $5,704 |
| Total expenses | $76,062 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,221 |
| Other assets | $0 |
| Total assets | $21,221 |
| Total liabilities | $1,051 |
| Net assets or fund balances | $20,170 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Petroleum Geologists Foundation Tulsa, OK | $53,009,390 | $2,910,036 |
American Society For Photogrammetry And Remote Sensing Baton Rouge, LA | $689,794 | $723,422 |
Weatherford Board Of Realtors Weatherford, TX | $728,023 | $624,341 |
Texas Energy Poverty Research Institute Austin, TX | $430,142 | $640,759 |
Geophysical Society Of Houston Houston, TX | $559,607 | $339,555 |
National Weather Association Norman, OK | $439,471 | $402,622 |
Scientific Investigation & Instruction Institute Austin, TX | $33,035 | $151,334 |
National Tornado Foundation Edmond, OK | $0 | $0 |
Northrop Rice Foundation Houston, TX | $21,221 | $0 |
International Union United Auto Aerospace & Agricultural Workers Hurst, TX | $72,306 | $0 |
Professional Aviation Board Of Certification Houston, TX | $128,138 | $0 |
Ttara Research Foundation Austin, TX | $239,532 | $0 |