WILLIAM MARSH RICE UNIVERSITY Charity Report

Public IRS 990 nonprofit record

WILLIAM MARSH RICE UNIVERSITY

EIN 74-1109620 · Education (B430)

What they do

As A Leading Research University With A Distinctive Commitment to Undergraduate Education, Rice University Aspires to Path Breaking Research, Unsurpassed Teaching, and Contributions to The Betterment of Our World. It Seeks to Fulfill This Mission By Cultivating A Diverse Community of Learning and Discovery That Produces Leaders Across The Spectrum of Human Endeavor. The University Enrolls Approximately 4,800 Undergraduate and 4,200 Graduate Students. Approximately 70% of Undergraduate Students Receive Financial Aid, As Do Almost All Doctoral Students.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $72.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders63 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

60.35%of revenue went to mission work72.1% of expenses · Program services

1.74%of revenue went to fundraising2.1% of expenses

$83.74spent for every $100 of revenueRevenue covered expenses this year.

21.66%of revenue went to management and office costs25.9% of expenses

$8.16in assets for every $1 spent this yearSome assets cannot be spent right away.

21.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $2,975,212 for ALLISON THACKER (CHIEF INVESTMENT OFFICER, TREASURER, ASSISTANT SEC). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,635,701,788

Mission workProgram services$987,065,03260.35% of revenue72.1% of expenses

ManagementOffice and general costs$354,313,98421.66% of revenue25.9% of expenses

FundraisingAsking for donations$28,386,1081.74% of revenue2.1% of expenses

Revenue left after expensesReported annual surplus$265,936,66416.26% of revenueShown in gray on the chart

Total expenses$1,369,765,12483.74% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 72.1% mission · 25.9% management · 2.1% fundraisingTotal expenses: 83.74% of revenue

2023Expense mix: 91.1% mission · 6.9% management · 2.0% fundraisingTotal expenses: 89.44% of revenue

2022Expense mix: 89.0% mission · 8.8% management · 2.2% fundraisingTotal expenses: 101.60% of revenue

2021Expense mix: 91.6% mission · 6.6% management · 1.8% fundraisingTotal expenses: 75.68% of revenue

2020Expense mix: 93.8% mission · 4.9% management · 1.4% fundraisingTotal expenses: 78.22% of revenue

2019Expense mix: 93.1% mission · 5.3% management · 1.6% fundraisingTotal expenses: 94.76% of revenue

2018Expense mix: 92.9% mission · 5.1% management · 2.0% fundraisingTotal expenses: 77.70% of revenue

2017Expense mix: 93.6% mission · 4.5% management · 1.9% fundraisingTotal expenses: 81.17% of revenue

Money in and money out

Revenue$1,635,701,788

Expenses$1,369,765,124

Annual surplus $265,936,664 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$987,065,032 · 72.1% of expenses

Management and office costs$354,313,984 · 25.9% of expenses

Fundraising$28,386,108 · 2.1% of expenses

See all reported dollar amounts

Revenue$1,635,701,788

Expenses$1,369,765,124

Assets$11,183,685,000

Income$3,426,314,603

Contributions$349,500,594

Mission work (program services)$987,065,032

Fundraising$28,386,108

Management and general$354,313,984

Stocks and bonds$3,007,697,000

Accounting fees$1,022,652

Investing fees$19,698,390

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ALLISON THACKERCHIEF INVESTMENT OFFICER, TREASURER, ASSISTANT SEC · 40 hrs/week $2,975,212Base $2,885,616 · Other $89,596

REGINALD DESROCHESPRESIDENT · 40 hrs/week $2,074,566Base $1,640,959 · Other $433,607

JOHN LAWRENCEINVESTMENT MANAGER · 40 hrs/week $1,172,708Base $1,097,039 · Other $75,669

BRENT SMITHASSOCIATE PROFESSOR · 40 hrs/week $1,171,411Base $1,096,446 · Other $74,965

CRAIG BEECHINVESTMENT MANAGER · 40 hrs/week $1,087,335Base $1,001,444 · Other $85,891

AMY DITTMARPROVOST AND EXECUTIVE VICE PRESIDENT FOR ACADEMIC · 40 hrs/week $1,084,857Base $880,805 · Other $204,052

STEPHEN BAYERVICE PRESIDENT FOR DEVELOPMENT & ALUMNI RELATIONS · 40 hrs/week $1,076,208Base $957,601 · Other $118,607

MICHAEL BLOOMGRENFOOTBALL COACH · 40 hrs/week $1,072,024Base $1,008,819 · Other $63,205

KELLY FOXEXECUTIVE VP FOR FINANCE AND ADMINISTRATION, ASSOC · 40 hrs/week $1,010,304Base $816,653 · Other $193,651

RAMESH RAMAMOORTHYEXECUTIVE VP FOR RESEARCH · 40 hrs/week $983,263Base $770,402 · Other $212,861

PETER RODRIGUEZDEAN OF JONES GRADUATE BUSINESS SCHOOL OF BUSINESS · 40 hrs/week $954,160Base $877,414 · Other $76,746

THOMAS MCCLELLANDDIRECTOR OF ATHLETICS · 40 hrs/week $857,066Base $764,895 · Other $92,171

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (63)

ALLISON THACKERCHIEF INVESTMENT OFFICER, TREASURER, ASSISTANT SEC

REGINALD DESROCHESPRESIDENT

JOHN LAWRENCEINVESTMENT MANAGER

BRENT SMITHASSOCIATE PROFESSOR

CRAIG BEECHINVESTMENT MANAGER

AMY DITTMARPROVOST AND EXECUTIVE VICE PRESIDENT FOR ACADEMIC

STEPHEN BAYERVICE PRESIDENT FOR DEVELOPMENT & ALUMNI RELATIONS

MICHAEL BLOOMGRENFOOTBALL COACH

KELLY FOXEXECUTIVE VP FOR FINANCE AND ADMINISTRATION, ASSOC

RAMESH RAMAMOORTHYEXECUTIVE VP FOR RESEARCH

PETER RODRIGUEZDEAN OF JONES GRADUATE BUSINESS SCHOOL OF BUSINESS

THOMAS MCCLELLANDDIRECTOR OF ATHLETICS

BERNARD BANKSASSOCIATE PROFESSOR

CINDY MELTONASSOCIATE VICE PRESIDENT, INVESTMENTS AND ASSOCIAT

OMAR SYEDVICE PRESIDENT, GENERAL COUNSEL AND SECRETARY

LUAY NAKHLEHDEAN OF GEORGE R. BROWN SCHOOL OF ENGINEERING

MELINDA SPAULDING CHEVALIERVICE PRESIDENT OF PUBLIC AFFAIRS

DAVID LEEBRONFORMER PRESIDENT

ROBERT YEKOVICHFORMER DEAN

THOMAS KILLIANDEAN OF WIESS SCHOOL OF NATURAL SCIENCES

CAROLINE LEVANDERVP FOR GLOBAL

KENNETH JETTVICE PRESIDENT FACILITIES & CAPITAL CONSTRUCTION &

KATRINA SPENCERSENIOR ASSOCIATE VICE PRESIDENT, CFO, TREASURER AN

BRIAN PADLEYVP FOR INFORMATION TECHNOLOGY AND CHIEF INFORMATIO

PETER ROSSKYFORMER DEAN

JOSEPH DAVIDSONSENIOR ASSOCIATE GENERAL COUNSEL AND ASSISTANT SEC

YVONNE ROMERODEAN FOR ADMISSIONS AND FINANCIAL AID

SEIICHI MATSUDAFORMER INTERIM PROVOST

PAUL CHERUKURIVICE PRESIDENT FOR INNOVATION

RONICA SMUCKERFORMER OFFICER

BRADLEY FRALICASSOCIATE VP FINANCE, CONTROLLER, ASSOCIATE TREASU

VETA BYRD-PEREZSENIOR ASSOCIATE GENERAL COUNSEL AND ASSISTANT SEC

CLAIRE NELSONASSOCIATE TREASURER AND ASSISTANT SECRETARY

JEFFREY BARNESFORMER OFFICER

JEFFREY FALKFORMER OFFICER

DIANA X GARCIADIRECTOR OF TREASURY AND FINANCE AND ASSOCIATE TRE

ENO-OBONG OREGBESANFORMER OFFICER

LARRY PEREZFORMER OFFICER

RANDA DUNCAN WILLIAMSTRUSTEE

CATHRYN SELMANTRUSTEE

BRIAN PATTERSONTRUSTEE

BRANDY MORRISONTRUSTEE

ROBERT T LADDCHAIR, BOARD OF TRUSTEES

HOLLI LADHANITRUSTEE

JEREMY THIGPENTRUSTEE

JENNIFER KNEALETRUSTEE

TERRENCE GEETRUSTEE

BART BROADMANTRUSTEE

ASUKA NAKAHARATRUSTEE

VINAY PAITRUSTEE

JAMES WHITEHURSTTRUSTEE

BYRON POPETRUSTEE

GLORIA TARPLEYTRUSTEE

JOSHUA EARNESTTRUSTEE

PATRICIA KRAFTTRUSTEE

CLAUDIA GEE VASSARTRUSTEE

MICHOL L ECKLUNDTRUSTEE

MICHAEL YUENTRUSTEE

ELLE ANDERSONTRUSTEE

MARK DURCANTRUSTEE

ELLE MOODYTRUSTEE

LORI WHITTENTRUSTEE

GEORGE GONZALEZTRUSTEE

About this charity

Recognized since: January 1970
Location: 6100 MAIN ST, HOUSTON, TX 77005-1827
County: Harris
In care of: % BRADLEY FRALIC
Primary officer: Katrina Spencer, Sr. Associate VP, CFO & Treasurer

How to reach them

WebsiteVisit the charity’s website Phone(713) 348-0000

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: PWC US TAX LLP
NTEE classification: Education (B430)