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
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Tuckman-Chang Vulnerability Assessment

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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 $507K in total revenue in fiscal year 2017. Revenue surged 88% from the prior year, signaling strong growth momentum. Expenses of $476K left a modest 6% surplus.

Mission

To encourage and aid educational activities, scientific experimentation and research related to the U.S. rice industry.

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Trantor Score

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

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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
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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
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