Ethel & Raymond F Rice Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Ethel & Raymond F Rice Foundation is a 501(c)(3) organization based in Lawrence, Kansas, registered in 1972, with $631,703 in FY2024 revenue. CharityIndex grades it F.
1420 Wakarusa Dr Ste 103, Lawrence, KS, 66049 EIN 23-7156608 Since 1972
Revenue (FY2024)
$632K
▲ 21.3% vs prior year
Expenses (FY2024)
$1.2M
Net assets
$21.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Ethel & Raymond F Rice Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating211 mo reserves · -94% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ethel & Raymond F Rice Foundation: 211 mo reserves · -94% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Ethel & Raymond F Rice Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ethel & Raymond F Rice Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $1.1M (FY2013) to $632K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $9,334Net assets $21.6M
Operating margin
-94.4%
Spent more than it raised in the latest fiscal year.
Total assets
$21.6M
Total liabilities
$9,334
Net assets
$21.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $631,703▲21.3% | $1,228,198▲14.3% | $21,599,683▲6.3% | $21,609,017▲6.3% | 990PF |
| 2023 | $520,728▼29.7% | $1,074,441▲6.1% | $20,320,655▲8.7% | $20,328,732▲8.7% | 990PF |
| 2022 | $740,963▼77.2% | $1,012,432▼1.0% | $18,698,966▼18.9% | $18,710,100▼19.0% | 990PF |
| 2021 | $3,243,503▲142% | $1,023,116▲9.7% | $23,045,432▲6.7% | $23,100,100▲6.8% | 990PF |
| 2020 | $1,338,774▲30.4% | $932,464▼1.4% | $21,606,478▲12.5% | $21,634,185▲12.6% | 990PF |
| 2019 | $1,026,906▼46.0% | $946,078▲14.9% | $19,198,789▲15.2% | $19,218,144▲15.1% | 990PF |
| 2018 | $1,902,918▲91.4% | $823,090▼13.8% | $16,665,396▼9.9% | $16,692,624▼9.9% | 990PF |
| 2017 | $994,026▼4.1% | $954,609▲3.7% | $18,499,834▲9.4% | $18,518,458▲9.4% | 990PF |
| 2016 | $1,036,177▲21.2% | $920,835▲0.6% | $16,907,458▲2.4% | $16,925,794▲2.4% | 990PF |
| 2015 | $854,998▼15.6% | $915,207▲13.6% | $16,512,693▼5.6% | $16,529,151▼5.7% | 990PF |
| 2014 | $1,012,808▼3.9% | $805,506▼4.6% | $17,501,068▲4.8% | $17,521,968▲4.8% | 990PF |
| 2013 | $1,054,398 | $843,971▲9.7% | $16,697,622▲13.7% | $16,716,163▲13.8% | 990PF |
| 2012 | — | $769,480▼2.6% | $14,681,027▲7.7% | $14,693,550▲7.7% | 990PF |
| 2011 | — | $790,307 | $13,626,488 | $13,639,122 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Ethel & Raymond F Rice Foundation a legitimate nonprofit?
- Yes. Ethel & Raymond F Rice Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7156608, based in Lawrence, Kansas. Donations are tax-deductible.
- What is Ethel & Raymond F Rice Foundation's EIN?
- Ethel & Raymond F Rice Foundation's Employer Identification Number (EIN) is 23-7156608.
- How much revenue does Ethel & Raymond F Rice Foundation report?
- Ethel & Raymond F Rice Foundation reported $631,703 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Ethel & Raymond F Rice Foundation have?
- CharityIndex grades Ethel & Raymond F Rice Foundation F, based on financial health (reserves and operating margin).
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Explore more
Data for Ethel & Raymond F Rice Foundation (EIN 23-7156608) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.