The Rice Foundation

EIN: 760140725 501(c)(3) Food, Agriculture & Nutrition

Arlington, VA

Total Revenue
$595,237
Total Expenses
$365,018
Total Assets
$11,486,797
Net Assets
$1,468,300
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
TX
Principal Officer
Peter Bachmann
Phone
7032362300
Tax Period
2024-08-01 to 2025-07-31

The Rice Foundation, founded in 1984, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $595K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $230K, a strong 39% operating margin.

Mission

The Rice Foundation represents all segments of the US rice industry with a mission to further the well being of its members and ensure the long term sustainability and future competiveness of US rice. This mission includes: Identifying issues important to the rice industry, funding appropriate research projects to address these issues and supporting Foundation leadership and education programs.

Program Service Accomplishments

Program 1
Expenses: $174,453

Leadership development: The Rice Leadership Development Program gives future leaders a comprehensive understanding of the rice industry, with an emphasis on personal development and communication...

Read more

Leadership development: The Rice Leadership Development Program gives future leaders a comprehensive understanding of the rice industry, with an emphasis on personal development and communication skills.

Program 2
Expenses: $90,840

Industry Education and Research: A key part of The Rice Foundation's mission is supporting research that benefits the entire U.S. rice industry. Currently, projects focus on conservation...

Read more

Industry Education and Research: A key part of The Rice Foundation's mission is supporting research that benefits the entire U.S. rice industry. Currently, projects focus on conservation, sustainability, and nutrition.The National Rice Month Scholarship Video Contest is an opportunity for graduating high school students living in one of those six rice-growing states to tell a story about U.S. rice.

Program 3
Expenses: $29,389

Regional Conservation Partnership Program: The purpose of the Regional Conservation Partnership Program (RCPP) is to promote coordination between Natural Resources Conservation Service (NRCS) and its...

Read more

Regional Conservation Partnership Program: The purpose of the Regional Conservation Partnership Program (RCPP) is to promote coordination between Natural Resources Conservation Service (NRCS) and its partners to deliver conservation assistance to producers and landowners. NRCS provides assistance to producers through partnership agreements and through conservation program contracts or easement agreements.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $553,357
Program Service Revenue $0
Investment Income $41,880
Other Revenue $0
TOTAL REVENUE $595,237

Expense Breakdown

Grants Paid $29,264
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $294,682
Other Expenses $335,754
TOTAL EXPENSES $365,018

Year-over-Year Comparison

2024 2023 Change
Revenue $595,237 $460,703 +0.3%
Expenses $365,018 $411,853 -0.1%
Net Income $230,219 $48,850 +3.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
27
Independent Members
27
Employees
N/A
Volunteers
27

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$624,445
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian Ottis Chair 1.00
Officer Director
$0 $0 $0
Timothy Gertson Immediate Past Chair 1.00
Officer Director
$0 $0 $0
John Morgan Secretary 1.00
Officer Director
$0 $0 $0
John Denison Vice Chair 1.00
Officer Director
$0 $0 $0
Daniel Berglund Member 1.00
Director
$0 $0 $0
Curtis Berry Member 1.00
Director
$0 $0 $0
Sunny Bottoms Member 1.00
Director
$0 $0 $0
Frank Carey Member 1.00
Director
$0 $0 $0
Derek Clarkson Member 1.00
Director
$0 $0 $0
Chris Crutchfield Member 1.00
Director
$0 $0 $0
Jay Errecarte Member 1.00
Director
$0 $0 $0
Keith Glover Member 1.00
Director
$0 $0 $0
J Bradley Guice Member 1.00
Director
$0 $0 $0
Mark Holt Member 1.00
Director
$0 $0 $0
Meryl Kennedy Farr Member 1.00
Director
$0 $0 $0
Glenn Kernodle Member 1.00
Director
$0 $0 $0
Chris Leon Member 1.00
Director
$0 $0 $0
Bert Manuel Member 1.00
Director
$0 $0 $0
Mike Martin Member 1.00
Director
$0 $0 $0
Michael Moriguchi Member 1.00
Director
$0 $0 $0
Bergen Nelson Member 1.00
Director
$0 $0 $0
Macie O'Shaughnessy Member 1.00
Director
$0 $0 $0
Maria Reyes Castillo Member 1.00
Director
$0 $0 $0
Rick Rhody Member 1.00
Director
$0 $0 $0
Zachary Tanner Member 1.00
Director
$0 $0 $0
Nicole Van Vleck Member 1.00
Director
$0 $0 $0
Jim Whitaker Member 1.00
Director
$0 $0 $0
Peter Bachmann President/CEO 2.00
Officer
$0 $33,604 $352,683
Sarah Moran Chief Operating Officer 2.00
Officer
$0 $44,062 $271,762
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $595,237 $365,018 $11,486,797 $230,219
2024 $460,703 $411,853 $10,907,807 $48,850
2023 $659,321 $423,265 $9,760,777 $236,056
2022 $390,386 $348,829 $12,578,311 $41,557
2021 $340,690 $393,823 $11,628,648 $-53,133
2020 $387,182 $461,599 $11,544,451 $-74,417
2019 $634,242 $433,333 $16,389,141 $200,909
2018 $506,823 $476,186 $18,008,072 $30,637
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare The Rice Foundation with other nonprofits in Virginia and across the country.