NANNIE MAE RICE FOUNDATION INC

EIN: 820734192 501(c)(3) Education

SPARTANBURG, SC

Total Revenue
$119,012
Total Expenses
$1,581
Total Assets
$253,931
Net Assets
$253,931
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
SC
Principal Officer
RUBY RICE
Tax Period
2018-03-01 to 2019-02-28

NANNIE MAE RICE FOUNDATION INC, founded in 2017, is a small nonprofit in the Education sector that reported $119K in total revenue in fiscal year 2018. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $117K, a strong 99% operating margin.

Mission

ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, 1986, OR THE CORRESPONDING PROVISION OF ANY FUTURE FEDERAL LAW.

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Trantor Score

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

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

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $116,547
Program Service Revenue $0
Investment Income $0
Other Revenue $2,465
TOTAL REVENUE $119,012

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,581
Other Expenses $1,581
TOTAL EXPENSES $1,581

Year-over-Year Comparison

2018 2017 Change
Revenue $119,012 $139,000 -0.1%
Expenses $1,581 N/A N/A
Net Income $117,431 $139,000 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
10

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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUBY RICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ONREA RICE DIRECTOR 1.00
Director
$0 $0 $0
HAROLD DAVIS DIRECTOR 1.00
Director
$0 $0 $0
SHIRLY NASH DIRECTOR 1.00
Director
$0 $0 $0
JAMES NESBITT DIRECTOR 1.00
Director
$0 $0 $0
RAYMOND HALL DIRECTOR 1.00
Director
$0 $0 $0
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
2019 $119,012 $1,581 $253,931 $117,431
2018 $139,000 No data $139,000 No data
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