William Marsh Rice University is a 501(c)(3) organization based in Houston, Texas, registered in 1970, with $1,423,437,172 in FY2023 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
Revenue (FY2023)
$1.4B
▲ 26.5% vs prior year
Education median: $200K
Expenses (FY2023)
$1.3B
Net assets
$8.9B
Employees
9,223
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. For William Marsh Rice University: 91% to programs · $8 to raise $100 earns a A+ on this criterion. See the exact thresholds →
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 William Marsh Rice University: 84 mo reserves · +11% margin earns a B+ on this criterion. See the exact thresholds →
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. For William Marsh Rice University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 William Marsh Rice University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Research and education
Basic scientific research and training and other sponsored educational programs. from its inception, rice has been dedicated, in the words of its first president edgar odell lovett,"as much to investigation as to instruction to providing a setting in which faculty would join the "pleasures of teaching" with "the privileges of research." the university has realized much of this ambition with distinction in undergraduate education and research excellence across many disciplines. rice is home to more than 40 interdisciplinary research centers, institutes and consortia, and research is a fundamental part of the undergraduate experience. the university has produced fulbright scholars, marshall scholars, watson fellows, mellon fellows, national science foundation fellows, and rhodes scholars among other honors and awards. the university has a very high level of research activity for its size, with $205 million in sponsored research funding in 2024. rice is noted for its applied science programs in the fields of artificial heart research, structural chemical analysis, signal processing, space science and nanotechnology. it was ranked in the top 10% of institutions based on citations per faculty per academic analytics data. rice has 683 full-time and 196 part-time faculty members. ninty-nine percent of full-time faculty hold ph.d.s or equivalent terminal degrees in their field. because of their pioneering research, rice faculty have been honored with numerous prestigious awards and accolades over the years. in 1996, rice professors richard smalley and robert curl (now deceased) received the nobel prize for their discovery of a unique molecular form of carbon that heralded the new era of nanotechnology research. in 2011, richard tapia, a rice mathematician and longtime champion of diversity in u.s. education, received the national medal of science from president barack obama for his work in optimization theory and numerical analysis, as well as for his mentoring of women and under-represented minorities in the fields of mathematics and science. as of february 2018, rice had 12 faculty members in the national academy of engineering, 10 in the national academy of science, four in the institute of medicine, and six in the national humanities center. in 2016, dr. rebecca richards-kortum won a prestigious macarthur fellowship. rice's commitment to scientific research can be seen in the construction of the bioscience research collaborative, a 488,000- square-foot facility where scientists and educators from rice and other texas medical center institutions work together on research that benefits human medicine and health, and the brockman hall for physics, a state-of-the-art 110,000 square-foot facility that includes vibration and noise controlled underground laboratories. rice also has an active research agenda in the social sciences and humanities. the baker institute for public policy is one of the leading nonpartisan public policy think tanks in the country and conducts research on domestic and foreign policy issues. the humanities research center fosters international and interdisciplinary connections with workshops and large conferences. focus areas include questions of energy and energy transitions, the civic humanists program, and the our americas archive partnership.
Operations of a library that serves students, faculty, staff, alumni, and friends of william marsh rice university and is open to the public by charter. the fondren library subscribes to approximately 72,000 current journals (print and electronic) and houses over 3,032,000 print volumes and 3,276,000 units of microforms. the collections include audiovisuals, music recordings, scores, and other special formats. an increasing amount of library resources are provided online. the library is a selective depository for u.s. and texas government publications and a depository for documentation of u.s. patents and trademarks. the brown fine arts library contains over 200,000 vol
Revenue grew from $944.1M (FY2013) to $1.4B (FY2023) across 11 reported years.
Financial snapshot
Operating margin
10.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$10.7B
Total liabilities
$1.8B
Net assets
$8.9B
Salaries & benefits
$578.0M
45% of expenses
Board members
26
24 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,423,437,172▲26.5% | $1,273,179,891▲11.3% | $8,896,382,000▲14.1% | $10,652,732,029▲15.3% | 990 |
| 2022 | $1,125,640,523▼18.0% | $1,143,616,109▲10.1% | $7,797,226,732▼3.7% | $9,240,780,818▼2.8% | 990 |
| 2021 | $1,372,497,739▲7.2% | $1,038,722,151▲3.8% | $8,095,699,219▼9.3% | $9,509,125,671▼8.3% | 990 |
| 2020 | $1,279,950,788▲31.1% | $1,001,174,859▲8.2% | $8,923,635,000▲27.0% | $10,374,585,000▲23.1% | 990 |
| 2019 | $976,544,472▼13.6% | $925,337,559▲5.3% | $7,024,753,000▼5.3% | $8,424,555,000▼2.8% | 990 |
| 2018 | $1,130,483,738▲12.6% | $878,410,449▲7.8% | $7,415,614,901▲4.1% | $8,666,210,650▲4.3% | 990 |
| 2017 | $1,004,368,830▲25.1% | $815,227,423▲4.1% | $7,122,309,204▲4.4% | $8,306,983,906▲3.6% | 990 |
| 2016 | $802,831,212▼0.1% | $783,425,471▲3.1% | $6,818,979,539▲9.9% | $8,014,943,360▲9.0% | 990 |
| 2015 | $803,779,409▼23.0% | $759,776,225▲3.5% | $6,206,700,914▼4.8% | $7,353,011,914▼4.4% | 990 |
| 2014 | $1,043,694,216▲10.6% | $734,188,414▲5.6% | $6,518,142,138▲3.6% | $7,690,715,255▲4.9% | 990 |
| 2013 | $944,091,350 | $695,084,853▲2.0% | $6,293,769,115▲11.0% | $7,333,606,892▲9.6% | 990 |
| 2012 | — | $681,587,146▲7.0% | $5,670,199,089▲9.4% | $6,691,304,246▲7.7% | 990 |
| 2011 | — | $637,040,938▲3.7% | $5,183,190,102▼1.1% | $6,212,837,465▼1.2% | 990 |
| 2010 | — | $614,585,557▲9.4% | $5,242,343,685▲19.6% | $6,286,488,942▲15.4% | 990 |
| 2009 | — | $562,005,027 | $4,381,819,051 | $5,449,537,470 | 990 |
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.
Highest-paid: David Leebron — $2,686,055 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Leebron | Former President | 40 | $2,686,055 |
| Reginald Desroches | President | 40 | $1,286,186 |
| Allison Thacker | Chief Investment Officer, Treasurer, Assistant Secretary | 40 | $1,125,663 |
| John Lawrence | Investment Manager | 40 | $990,668 |
| Michael Bloomgren | Football Coach | 40 | $966,912 |
| Craig Beach | Investment Manager | 40 | $958,074 |
| Brent Smith | Associate Professor | 40 | $940,580 |
| Kerry Back | Professsor of Finance | 40 | $866,856 |
| Amy Dittmar | Provost and Executive Vice President For Academic Affairs | 40 | $778,259 |
| Ramamoorthy Ramesh | Executive Vp For Research | 40 | $716,493 |
| Kelly Fox | Executive Vp For Finance and Administration | 40 | $711,093 |
| Kathy Dantley Warren | Former Officer (to Mar 23) | 40 | $695,126 |
| Peter Rodriguez | Dean of Jones Graduate Business School of Business | 40 | $656,825 |
| Luay Nakhleh | Dean of George R. Brown School of Engineering | 40 | $570,364 |
| Cindy Melton | Associate Treasurer and Assistant Secretary | 40 | $516,650 |
| Robert Yekovich | Former Dean | 40 | $492,001 |
| Omar Syed | Vice President, General Counsel and Secretary | 40 | $490,215 |
| Peter Rossky | Former Dean | 40 | $478,425 |
| Caroline Levander | Vp For Global | 40 | $463,050 |
| Katrina Spencer | Cfo & Treasurer | 40 | $448,084 |
| Contractor | Services | Paid |
|---|---|---|
| Anslow Bryant Construction Ltd | Construction | $56,025,487 |
| Austin Industries Inc | Construction | $55,161,648 |
| Skanska B Bell Builders A Joint Venture | Construction | $53,888,400 |
| B Bell Builders LP | Construction | $10,873,013 |
| 2u Inc | Consulting | $7,840,151 |
744 grants to William Marsh Rice University totaling $138.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Bessemer Giving Fund | General support | 2024 | $1,029,000 |
| American Online Giving Foundation Inc | General support | 2024 | $530,026 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $503,000 |
| Donors Trust Inc | For the baker insititute | 2024 | $500,000 |
| Brightfocus Foundation | Macular degeneration research by jerzy szablowski, phd entitled: m2025001n | 2024 | $409,500 |
| Silicon Valley Community Foundation | Education | 2024 | $399,105 |
| American Heart Association Inc | Research | 2024 | $369,548 |
| Greater Houston Community Foundation | Educational | 2024 | $347,524 |
| National Academy of Sciences | Research grants | 2024 | $319,800 |
| Breakthrough T1d | T1d research | 2024 | $300,000 |
| Alzheimers Disease and Related Disorders Association Inc | Program support | 2024 | $238,792 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $230,000 |
| Hispanic Scholarship Fund | To provide scholarships for students | 2024 | $193,713 |
| Charities Aid Foundation America | Charitable donation | 2024 | $160,629 |
| American Endowment Foundation | Educational | 2024 | $150,950 |
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Data for William Marsh Rice University (EIN 74-1109620) 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.