2022-05-10T10:30:36-05:00 2021-06-30 134008324 PricewaterhouseCoopers LLP 2001 Market St Suite 1800 Philadelphia PA 19103 990 2020-07-01 741109620 William Marsh Rice University WILL 7133480000 6100 Main Street MS 70 Houston TX 77005 Katherine E Collins Vice President for Finance 2022-05-10 true Katherine E Collins 999009999 Eric M McNeil P00460263 2673303000 2020 2022-09-23 18:48:47Z David Leebron 6100 Main Street MS 70 Houston TX 77005 2199643549 false X www.rice.edu X 1908 TX Research and education. 23 20 8571 4216 -10788857 0 197924408 281432076 429619920 433623178 362828143 543963302 -13827999 20932232 976544472 1279950788 188394861 202096053 0 432639375 458031067 0 13761418 304303323 341047739 925337559 1001174859 51206913 278775929 8424555000 10374585000 1399802000 1450950000 7024753000 8923635000 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 4,000 undergraduate and 3,000 graduate students. Approximately 70% of undergraduate students receive financial aid, as do almost all doctoral students. false false 726763055 202096053 427539001 Departmental research and instruction, and other institutional activities. Rice University is accredited by the Southern Association Of Colleges And Schools Commission On Colleges (SACS-COC), Accreditation Board For Engineering And Technology (ABET), International Association for Management Education (AACSB International), National Architectural Accrediting Board (NAAB), and the Texas Education Agency (TEA). Rice serves approximately 4,000 undergraduate and 3,000 graduate students, as well as 13,000 life-long learners. For the cohort entering Fall 2014 the six-year undergraduate graduation rate is 94.2 percent. Rice offers more than 50 undergraduate majors across six schools of study: Social Sciences, Natural Sciences, Engineering, Humanities, Music and Architecture. In conjunction with various majors, students can take courses that satisfy the requirements for admission to medical, dental, law or graduate school, or that lead to teacher certification. The university offers four online master's degrees to deliver education to working professionals who may not have the option to study on campus: MBA@Rice, Master of Computer Science, Master of Data Science, and Master of Engineering Management and Leadership. The university also offers online courses for credit and for life-long learning, both during the academic year and in summer sessions. To date, over 2 million learners have enrolled in computer science, engineering, physics, and other courses taught by Rice's award-winning faculty, and 90,000 learners have completed at least one online course. Rice University has an undergraduate student-to-faculty ratio of 6 to 1. In general, classes are small enough for each professor to know every student's name, so there is ample opportunity for personal attention. Rice is ranked among the top 20 nationally by the US News and World Report in the 2020 edition, as in every edition since first ranked in 1988, and the Princeton Review ranked Rice in the top ten for for "Happiest Students," "College with Great Financial Aid," "Best Career Placement," and "LGBTQ-friendly" among other accolades in the 2020 edition. In Kiplinger's "Best College Values" 2019, Rice ranks No. 5 among private universities and No. 8 among private and public schools combined. Rice offers over 70 masters and doctoral degrees in the Humanities, Liberal Studies, Social Sciences, Natural Sciences, Engineering, Architecture, Music, and Business. Graduate programs are small to medium-sized, offering the opportunity to work closely with graduate advisors. Proximity to both the Houston Museum District and the renowned Texas Medical Center allows for exceptional access to the visual arts as well as cutting-edge biomedical research. The many interdisciplinary centers and institutes enhance the experience of students across all disciplines. Rice's Moody Center for the Arts offers an experimental platform for creating and presenting works in all disciplines, a flexible teaching space to encourage new modes of learning and a forum for creative partnerships with visiting national and international artists. open and accessible to the public, The Moody Center is dedicated to interdisciplinary collaboration in the arts, sciences and humanities. The Brockman Hall for Opera was recently completed, featuring the Lucian and Nancy Morrison Theater, a European-style theater with an orchestra pit for 70 musicians. The new engineering and science building is under construction and the 250,000 square foot building will be home to The Welch Institute and other academic programs. The Susanne M. Glasscock School of Continuing Studies provides lifelong personal and professional development opportunities to the larger community. The school attracts more than 16,000 enrollments each year to its non-credit and credit programs. Rice is located in Houston, Texas, the nation's fourth-largest city, the energy capital of the world and a dynamic international business and cultural center, on a 300-acre, tree-lined campus just a few miles from downtown. Undergraduate students are given free Metro passes for public transportation; including the light rail system which has two stations located a block from campus. The university operates free shuttle bus routes that each include the campus, off-campus graduate student housing, and local shopping centers and attractions. Houston boasts 189 museums, opera, ballet, symphony and theater, and four professional major league sports teams. Rice's residential college system lies at the core of every undergraduate's experience. Every undergraduate student, whether living on campus or not, is a member of one of 11 self-governed coeducational residential colleges. Each college has a resident College Magister. Other members of the faculty are invited to become resident and nonresident associates of each college. Faculty associates act as advisors to the students and participate in the camaraderie and activities of their respective college. Colleges also have non-faculty university associates and community associates from the Houston area, drawn from various professions. Each college building includes a commons area that serves as a dining hall as well as public space, which are available to both resident and nonresident members, the colleges house approximately 2850 students from all classes and all academic disciplines. Wheelchair-accessible rooms are available in all colleges. Rice fields 16 men's and women's varsity teams at the NCAA Division 1A (FBS) level. The baseball team has qualified for 23 consecutive NCAA championships and earned seven trips to the College World Series, winning the NCAA title in 2003. Rice's football team has qualified for five bowl games since 2006, winning three, and captured the 2013 Conference USA championship. Rice women's teams in volleyball, soccer, swimming, basketball, and tennis regularly advance to NCAA tournaments. Rice placed 244 student-athletes on the CUSA Commissioner's Honor Roll, which is reserved for athletes who maintain a cumulative GPA of 3.0 or better. Eight of the Rice sports teams rank in the top 10 percent of intercollegiate athletics teams in terms of progression towards a degree. Student media includes the Rice Thresher (newspaper), KTRU (FM radio station), the Campanile (yearbook), RTV5 (campus television station), and several magazines. The Barbara and David Gibbs Recreation and Wellness Center has two indoor basketball courts, four racquetball courts, two squash courts, cardio and weight areas, a dance studio, two outdoor lighted basketball courts and heated outdoor recreation and competition pools. Through the Rice Outdoor Programs and Education (ROPE) program, students may take part in sponsored outdoor treks that include everything from camping to kayaking. 175337468 11185924 BASIC SCIENTIFIC RESEARCH AND TRAINING CONDUCTED BY FACULTY AND STAFF 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" AND 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 $167 MILLION IN SPONSORED RESEARCH FUNDING IN 2021. 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 (NOW DECEASED) AND ROBERT CURL 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. 36728147 158840 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 VOLUMES RELATED TO ART, ARCHITECTURE, CLASSICAL ARCHAEOLOGY AND MUSIC. ALL LIBRARY PATRONS ARE WELCOME TO USE FINE ARTS MATERIALS AND FACILITIES, INCLUDING LISTENING EQUIPMENT, VHS, DVD AND LASERDISC PLAYERS. 938828670 true true false true false false true false true true true false false true true false true true true true true false false false false false false true true true true false false false false true false false true false true true false false true true true true true false true X 7761 0 true 8571 true true true true HU MI RO UK CA FR false false false true true false false false false true true X 23 20 true false false false false false false true true false false true true true true true true true true true true CA IN KS MA NM ND OK RI VT X X Bradley W Fralic 7133484927 6100 Main Street MS-70 Houston TX 77005 Bart Broadman Trustee 2.0 X 0 0 0 Brian Patterson Trustee 2.0 X 0 0 0 David Rhodes Trustee 2.0 X 0 0 0 Donald Bowers Trustee 2.0 X 0 0 0 Douglas Lee Foshee Trustee 2.0 X 0 0 0 Dr Huda Y Zoghbi Trustee 2.0 X 0 0 0 Guillermo Trevino Trustee 2.0 X 0 0 0 Holli Ladhani Trustee 2.0 X 0 0 0 James T Hackett Trustee 2.0 X 0 0 0 James Whitehurst Trustee 2.0 X 0 0 0 JD Bucky Allshouse Trustee 2.0 X 0 0 0 Jeffery A Smisek Trustee 2.0 X 0 0 0 L Charles Landgraf Trustee 2.0 X 0 0 0 Lynn A Lednicky Trustee 2.0 X 0 0 0 Mark Dankberg Trustee 2.0 X 0 0 0 Mark Duncan Trustee 2.0 X 0 0 0 Michol L Ecklund Trustee 2.0 X 0 0 0 Nancy P Carlson Trustee 2.0 X 0 0 0 Patricia L Kraft Trustee 2.0 X 0 0 0 Robert T Ladd Chair, Board of Trustees 5.0 X 0 0 0 Terrence Gee Trustee 2.0 X 0 0 0 Tommy Huie Trustee 2.0 X 0 0 0 Wanda Gass Trustee 2.0 X 0 0 0 Allison Thacker Chief Investment Officer, Treasurer, Assistant Secretary 40.0 9.0 X 1558868 0 63446 Bradley Fralic Associate VP Finance, Controller, Associate Treasurer 40.0 1.0 X 257007 0 63397 Caroline Levander VP for Global and Digital Strategy 40.0 X 355733 0 78450 Cindy E Melton Associate Treasurer and Assistant Secretary 40.0 6.0 X 322615 0 64037 Claire Nelson Associate Treasurer and Assistant Secretary 40.0 6.0 X 250440 0 67603 David Leebron President 40.0 1.0 X 1528621 0 426368 Eno Oregbesan Assistant Secretary 40.0 X 140297 0 28730 Joseph Davidson Assistant Secretary 40.0 2.0 X 324452 0 63014 Katherine Collins VP for Finance, Associate Treasurer and Assistant Secretary 40.0 5.0 X 557512 0 62896 Kathi Dantley Warren VP for Development and Alumni Relations 40.0 1.0 X 404304 0 63581 Kevin Kirby VP for Administration 40.0 2.0 X 509235 0 77672 Klara Jelinkova VP for International Operations, IT, Chief Information Officer 40.0 X 474842 0 78407 Larry Perez Associate Treasurer and Assistant Secretary 40.0 2.0 X 196758 0 62518 Linda Thrane VP for Public Affairs 40.0 X 415512 0 50761 Reginald DesRoches Provost 40.0 2.0 X 586191 0 80117 Richard Zansitis VP, General Counsel and Secretary 40.0 10.0 X 518662 0 62891 Ronald Long Associate Treasurer 40.0 5.0 X 493741 0 47663 Veta Byrd-Perez Assistant Secretary 40.0 6.0 X 212870 0 55767 Yvonne Romero da Silva VP for Enrollment 40.0 X 301785 0 50439 Peter Rodriguez Dean of Jones Graduate School of Business 40.0 X 518707 0 143001 Peter Rossky Dean of Weiss School of Natural Sciences through June 30, 2020 40.0 X 447166 0 68492 Brent Smith Associate Professor 40.0 X 778045 0 63124 Carmen Thompson Investment Manager 40.0 X 761718 0 58668 John Lawrence Investment Manager 40.0 X 710945 0 60614 Kerry Back Professor 40.0 X 612724 0 51424 Michael Bloomgren Football Coach 40.0 X 846583 0 57461 Daniel Carson Former Dean 40.0 X 309189 0 37552 Edwin Thomas Former Dean 40.0 X 229159 0 35386 Marie Lynn Miranda Former Provost 40.0 X 792564 0 44492 Seiichi Matsuda Former Interim Provost 40.0 X 408571 0 45506 William Glick Former Dean 40.0 X 301979 0 62074 16126795 0 2275551 959 true true false Anslow Bryant Construction Ltd 945 Bunker Hill Suite 900 Houston TX 77024 Construction 30270876 Baylor Miraca Genetics Laboratories LLc 2450 Holcombe Blvd Houston TX 77021 COVID Testing 12087539 Forney Construction LLC 8945 Long Point Rd Unit 200 Houston TX 77055 Construction 7083092 Linbeck Group LLC 3900 Essex Lane Suite 1200 Houston TX 77027 Construction 6684097 W S Bellows Construction Corp 1906 Afton Street Houston TX 77055 Construction 6428816 131 139435341 141996735 10703346 281432076 Tuition and fees 900099 375708000 375708000 Auxiliary operations 900099 26568000 26568000 Department sales 541900 20020313 20187154 -166841 Research contracts 900099 11185924 11185924 Student loan interest 900099 140941 140941 0 0 0 0 433623178 6200646 -10622016 16822662 48235 48235 2803009 5502 2803009 5502 2808511 2808511 1457434592 20825 919496803 195958 537937789 -175133 537762656 -175133 537937789 0 0 Oil and gas 211110 18582282 18582282 Net rental income investment properties 531100 -2918929 -2918929 Interest rate swap 525990 1151227 1151227 1260906 1260906 0 0 18075486 1279950788 438883765 -10788857 570423804 200591093 200591093 1504960 1504960 16055005 6079825 8806565 1168615 357537163 332596783 16429722 8510658 27530821 25748079 1039102 743640 35365531 33102592 1318993 943946 21542547 20147571 813086 581890 1186915 113294 1073621 522097 7457 514640 356026 356026 14687811 14687811 42873141 42587497 27625 258019 3891352 3767564 69770 54018 16242565 15273884 276765 691916 23442885 22602185 241905 598795 1004021 1003421 600 23887013 22586324 1300689 2430421 2407760 4521 18140 5293015 5062535 48192 182288 39139033 39139033 71918159 70495350 1422809 4664248 4505105 149650 9493 Research subcontracts 20600517 20600517 All other 68908520 68905841 2679 0 0 0 0 1001174859 938828670 48584771 13761418 23644082 23161599 214246264 204491200 19160362 21913564 0 180000 0 0 4679747 3384884 1519594 684015 8299991 9507098 2473391709 1091555468 1372297966 1381836241 2663385371 3114002831 4117321623 5615423568 0 0 0 8424555000 10374585000 70561742 81079382 65873279 71727515 23045000 23045000 0 0 1111431000 1118175694 128890979 156922409 1399802000 1450950000 X 3213202000 4019330601 3811551000 4904304399 7024753000 8923635000 8424555000 10374585000 X 278775929 1638882211 -18776140 X false true X true true true X 201378239 266053172 224902775 197924408 281432076 1171690670 0 0 0 0 0 0 0 0 0 0 201378239 266053172 224902775 197924408 281432076 1171690670 19086036 1152604634 163432489 185335564 218300217 57838767 36493988 661401025 0 0 0 0 0 0 0 0 0 0 0 1833091695 1990523872 0.6288 0.5940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 341026 false true 15000 356026 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY Other activities include dues paid to professional organizations which employ lobbyists. An insubstantial portion of the university's total activities are involved in legislative and regulatory matters of direct concern to higher education or of a compelling importance to Rice in particular. Institutional efforts to influence legislation are directed by the office of Public Affairs. The university does not have a lobbying office in Washington or Austin or employ anyone in those cities to engage in lobbying. During this period, the university did employ one full-time person whose primary assignment included federal and state lobbying activity and did employ an outside registered lobbying firm in Washington. Activities included contacts by letters, phone calls, and meetings with legislators, members of their staffs, or other governmental officials and meetings with local citizens regarding issues. The total amount spent by Rice in lobbying represents an insignificant part of the university's total expenditures , even taking into consideration the most generous allowances for any activities that may be defined as lobbying by Rice employees outside the office of public affairs working on behalf of the university. Rice also pays membership dues to associations of educational institutions and those organizations may in turn lobby on behalf of the interests of their members. 20504 13511631 X X X false 6166323000 50598000 2159989000 183252814 98677375 14687811 8080292000 6506177000 34638000 -71049000 171583591 119649118 12210291 6166323000 6228857000 10917000 546905000 142349212 125446164 12706624 6506177000 5835568000 20502000 639237000 142561901 114721094 9167005 6228857000 5354507000 18086000 745460898 140065608 134441000 7979290 5835568000 0.432 0.154 0.414 false false 40470136 40470136 1894580299 722614037 1171966262 498831110 368941431 129889679 39510164 39510164 1381836241 4348540091 F Partnership and life insurance F Other assets 1032997141 F Investments in real estate and other physical assets 233653006 F SWAPs 233330 F 5615423568 Life Income Annuities 154679970 Other liabilities 2242439 156922409 X Schedule D, Part III, Line 4 Collections of art - description of collections The University accepts, from time to time, donations of art, historical treasures or similar assets. Such items are available for public exhibition and scholarly research. The University is a steward of these assets, preserving them for future generations. The asset amount reported for art held for public exhibition includes the construction and installation costs for outdoor sculpture. Schedule D, Part V, Line 4 Intended uses of endowment funds The University's endowment earnings distribution policy guides the rate at which funds are released from the endowment for current spending. The policy reflects the desire to balance the current resource needs of the University with the long-term objective of preserving the purchasing power of the endowment for future generations and ensuring reasonable year-over-year stability of future endowment payouts. Under the policy, allowable endowment spending is between four percent and six and one-half percent of the trailing three year average endowment market value, with a targeted range of four and one-half percent to five and one-half percent in the intermediate range. Endowment contributions include Board-approved transfers from other institutional funds and other additions for which there is no specific line on the schedule. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University is exempt from federal income tax to the extent provided under Section 501(c)(3) of the Internal Revenue Code. The IRS issued a determination letter in January 1938 that recognized the University as exempt from federal income tax under Section 501(c)(3). The IRS confirmed in 2008 that this exemption still applies. The University has 11 subsidiary corporations that are included in the consolidated financial statements. Two of these subsidiary corporations are exempt from federal income taxes under 501(c)(2), two are exempt under 501(c)(3), one is exempt under 501(c)(4), four are exempt under 501(c)(25) and two are subject to taxation. The University is classified as an organization that is not a private foundation under Section 509(a) of the Internal Revenue Code because it is described in Sections 509(a)(1) and 170(b)(1)(A)(ii) and, as such, gifts to the University qualify for deduction as charitable contributions to the extent provided by law. The University and its subsidiary corporations that are exempt from federal income tax are required to pay federal income tax on unrelated business income. The amount of income tax expense for unrelated business income for the University and its subsidiary corporations was immaterial for the years ended June 30, 2021 and 2020, respectively. The University is part of a small group of universities that are subject to an excise tax of 1.4% on the University's net investment income and the net investment income of its subsidiary corporations. The excise tax is recognized as a reduction of the University's investment returns. The University recorded a reduction of returns of $2,527 and $2,608 for the years ended June 30, 2021 and 2020, respectively. U.S. GAAP requires the University to evaluate its tax positions to recognize a tax liability (or asset) if the University has taken an uncertain tax position that, more likely than not, would not be sustained upon examination by the IRS. The University has analyzed the tax positions taken and has concluded that as of June 30, 2021, there are no significant uncertain positions taken. true true true true true false true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The University includes a statement of its racially nondiscriminatory policy toward students in brochures, catalogues, and other written communications with the public dealing with student admissions, programs and scholarships. Schedule E, Part I, Line 4(d) RECORDS AND COPIES MAINTAINED BY THE ORGANIZATION Rice makes every effort within the context of a large university to retain copies of all catalogues, brochures, announcements, and other written communications to the public dealing with student admission, programs and scholarships. In addition to written communications, the Library also maintains an electronic archive of websites that the University has published. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The University receives research and instructional grants and contracts, fellowships and student aid awards from various state and federal agencies. true Central America and the Caribbean 0 0 Fundraising,Program Services,Speaking engagements,Conference Travel Programs with local universities, research field work 2567267 East Asia and the Pacific 0 0 Fundraising,Program Services,Speaking engagements,Conference Travel Programs with local universities, research field work 2419687 Europe (Including Iceland and Greenland) 1 2 Fundraising,Program Services,Speaking engagements,Conference Travel Educational program for architecture students, programs with local universities, research field work 2656035 Middle East and North Africa 0 1 Fundraising,Program Services,Speaking engagements,Conference Travel Programs with local universities, research field work 336370 North America (Canada & Mexico only) 0 0 Fundraising,Program Services,Speaking engagements,Conference Travel Programs with local universities, research field work 843487 South Asia 0 1 Program Services,Speaking engagements,Conference Travel Programs with local universities, research field work 45990 Sub-Saharan Africa 0 1 Program Services,Grantmaking Research field work 537590 Central America and the Caribbean Investments Investments 2014608078 Europe (Including Iceland and Greenland) Investments Investments 9549187 North America (Canada & Mexico only) Investments Investments 18134618 South America 0 0 Fundraising,Program Services,Speaking engagements,Conference Travel 690562 1 5 0 0 1 5 2052388871 0 2052388871 Sub-Saharan Africa Research and education 22944 Wire transfer FMV Sub-Saharan Africa Research and education 35692 Wire transfer FMV Sub-Saharan Africa Research and education 565205 Wire transfer FMV Sub-Saharan Africa Research and education 9878 Wire transfer FMV Sub-Saharan Africa Research and education 27585 Wire transfer FMV Sub-Saharan Africa Research and education 620689 Wire transfer FMV Sub-Saharan Africa Research and education 222967 Wire transfer FMV 7 0 true false true true true true Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds The university ensures the grants are used for proper purposes and are not diverted from their intended use. Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS The university ensures the grants are used for proper purposes and are not diverted from their intended use. true Scholarships applied to student accounts 8144 164910093 FMV Scholarship applied to student account Scholarships paid out to students 1744 35681000 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Institutional need and merit awards, government grants and outside scholarships provided aid to 3,992 students during the year. Federally subsidized loans are awarded to eligible students based on need. Over $20 million was paid directly to students (Form 990, Part III, line 4a) with the remainder applied internally to tuition, fees, and room and board. X X X X X X true true X X X X X X false true false false false false false true false David Leebron President 1308121 0 175000 0 45500 0 254615 0 171753 0 1954989 0 191667 0 Allison Thacker Chief Investment Officer, Treasurer, Assistant Secretary 1151016 0 368907 0 38945 0 27315 0 36131 0 1622314 0 0 0 Reginald DesRoches Provost 563431 0 0 0 22760 0 50216 0 29901 0 666308 0 0 0 Katherine Collins VP for Finance, Associate Treasurer and Assistant Secretary 492012 0 20000 0 45500 0 42532 0 20364 0 620408 0 41665 0 Kevin Kirby VP for Administration 449002 0 15000 0 45233 0 65032 0 12640 0 586907 0 0 0 Richard Zansitis VP, General Counsel and Secretary 486353 0 0 0 32309 0 35865 0 27026 0 581553 0 0 0 Klara Jelinkova VP for International Operations, IT, Chief Information Officer 420842 0 15000 0 39000 0 50065 0 28342 0 553249 0 0 0 Ronald Long Associate Treasurer 348782 0 99459 0 45500 0 35865 0 11798 0 541404 0 0 0 Kathi Dantley Warren VP for Development and Alumni Relations 384304 0 20000 0 0 0 27315 0 36266 0 467885 0 0 0 Linda Thrane VP for Public Affairs 365012 0 5000 0 45500 0 35865 0 14896 0 466273 0 0 0 Caroline Levander VP for Global and Digital Strategy 304216 0 15000 0 36517 0 65865 0 12585 0 434183 0 0 0 Joseph Davidson Assistant Secretary 294452 0 30000 0 0 0 35865 0 27149 0 387466 0 0 0 Cindy E Melton Associate Treasurer and Assistant Secretary 230864 0 67980 0 23771 0 27315 0 36722 0 386652 0 0 0 Yvonne Romero da Silva VP for Enrollment 258285 0 10000 0 33500 0 32315 0 18124 0 352224 0 0 0 Bradley Fralic Associate VP Finance, Controller, Associate Treasurer 241207 0 5000 0 10800 0 33615 0 29782 0 320404 0 0 0 Claire Nelson Associate Treasurer and Assistant Secretary 248011 0 0 0 2429 0 32865 0 34738 0 318043 0 0 0 Veta Byrd-Perez Assistant Secretary 193520 0 0 0 19350 0 20477 0 35290 0 268637 0 0 0 Larry Perez Associate Treasurer and Assistant Secretary 180902 0 0 0 15856 0 25203 0 37315 0 259276 0 0 0 Eno Oregbesan Assistant Secretary 139297 0 1000 0 0 0 11235 0 17495 0 169027 0 0 0 Peter Rodriguez Dean of Jones Graduate School of Business 511813 0 0 0 6894 0 115032 0 27969 0 661708 0 143001 0 Peter Rossky Dean of Weiss School of Natural Sciences through June 30, 2020 409718 0 0 0 37448 0 40865 0 27627 0 515658 0 0 0 Michael Bloomgren Football Coach 807583 0 0 0 39000 0 27315 0 30146 0 904044 0 0 0 Brent Smith Associate Professor 752045 0 0 0 26000 0 35865 0 27259 0 841169 0 0 0 Carmen Thompson Investment Manager 364796 0 351422 0 45500 0 35865 0 22803 0 820386 0 0 0 John Lawrence Investment Manager 381367 0 310078 0 19500 0 27315 0 33299 0 771559 0 0 0 Kerry Back Professor 569780 0 0 0 42944 0 35865 0 15559 0 664148 0 0 0 Marie Lynn Miranda Former Provost 770314 0 0 0 22250 0 32565 0 11927 0 837056 0 141667 0 Seiichi Matsuda Former Interim Provost 368001 0 15000 0 25570 0 35865 0 9641 0 454077 0 0 0 William Glick Former Dean 256479 0 0 0 45500 0 35865 0 26209 0 364053 0 0 0 Daniel Carson Former Dean 265307 0 0 0 43882 0 35865 0 1687 0 346741 0 0 0 Edwin Thomas Former Dean 205055 0 0 0 24104 0 25569 0 9817 0 264545 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel The University's written travel policy permits payment only of necessary and reasonable expenses for travel on University business. The University's policies constitute an accountable plan and are designed to comply with applicable Internal Revenue Service rules. Coach class airfare is required except in certain limited circumstances; these include medical necessity, contractual obligations, and scheduled flight segments over six hours in length, when business class fares may be used with prior approval. In rare cases, when an exception applies and no business class fare is available, a first class fare may be used, again with prior approval and documentation. Charter travel is sometimes employed for athletics teams, including coaches, when such travel is the least costly method of transportation. Schedule J, Part I, Line 1a Travel for companions Under the University's travel policy, the University does not pay the travel cost of companions, unless there is a valid University business purpose for the companion's travel. Written approval must be obtained in advance from the president, provost, or appropriate dean / vice president documenting the reason for incurring the expense. When the University uses chartered air or ground transportation, travel for companions may occasionally be included if the University incurs no additional cost. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Under the terms of his contract, the President is provided with grossed up payments for dependent tuition reimbursement. Tuition reimbursement of $11,933 was paid and grossed up to $15,773. The entire amount was taxable. The President had dependent tuition reimbursement of $49,320 for another dependent at Rice which is not taxable. Schedule J, Part I, Line 1a Housing allowance or residence for personal use The president of the University is required to occupy University-owned housing as a condition of employment. Housekeeping staff is provided for such property. The cost of such services not related to public areas of the house is included in compensation reported. The fair market value of the housing provided, based on the appraised value of the house, is reported in the president's compensation as a non-taxable benefit. Schedule J, Part I, Line 1a Health or social club dues or initiation fees Social club dues were paid for the president of the University and are included in compensation when appropriate. Schedule J, Part I, Line 1a Personal services See the response to Schedule J, Part I, Line 1A for Housing Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation The CORD (Compensation and Organizational Development) Committee of the Board of Trustees of Rice University has a procedure in place to assure the Board of Trustees that compensation arrangements for the president and other organization officers and managers are reasonable. The procedure is designed to comply with the requirements of Section 4958 of the Internal Revenue Code and Internal Revenue Service regulations. The CORD Committee maintains a roster of disqualified persons, as defined by the IRS, for whose compensation the procedure is used. The roster is reviewed periodically but at least annually. The procedure was last evaluated with the full board in December 2014. The procedure requires three elements as follows: 1) The terms of transactions are approved by the organization's governing body, or a committee thereof, whose members have no conflict of interest with respect to the arrangement. The Board of Trustees delegated authority to the CORD Committee to act on behalf of the Board in these matters at its meeting on March 25, 1999. Compensation arrangements are reviewed and approved by the CORD Committee before the effective date. Members of the CORD Committee recuse themselves from any vote in which there is a potential or actual conflict of interest. 2) The governing body or committee obtains and relies upon appropriate, comparable data before making its determination. Rice participates in the annual survey by Willis Towers Watson of select universities' executive compensation, and additional appropriate peer surveys. These reports reflect executive compensation in universities of a stature similar to that of Rice, and with which Rice competes for faculty and staff. The CORD Committee may also seek and rely on other relevant information, including compensation paid by other taxable and tax-exempt organizations for functionally comparable positions, geographic market forces, and actual written offers from similar institutions competing for services. The CORD Committee relies on this data and documents any determinations that reasonable compensation is an amount more than the range of comparable data. 3) The governing body or committee adequately documents the basis for making determinations concurrently with making decisions. Minutes documenting the deliberations of the CORD Committee are prepared contemporaneously for review and approval at its next meeting. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following officer(s), director(s), trustee(s), key employee(s) and/or highest compensated employees participated in or received payment from a supplemental non-qualified retirement plan in calendar year 2020, subject to satisfying vesting conditions related to continuing service to the university. Award amounts that may or may not have vested are shown below. Amounts that became taxable during the year due to vesting or distribution are included in Part II, column B (iii). Accruals for awards that have not vested are included in the amounts shown in Part II, column C. David Leebron: $375,000 award; $215,650 distribution of a prior year award (of which $9,980 was taxable in the current year and $205,670 was taxable in a prior year); $218,750 accrual for awards not yet vested. Marie Lynn Miranda: $200,000 vested; $234,195 paid out all of which was taxable in the current year. Reginald DesRoches: $23,334 accrual for awards not yet vested. Kevin Kirby: $50,000 award; $29,167 accrual for awards not yet vested. Katherine Collins: $33,333 award; $105,916 distribution of the current and prior year award of which all was taxable in the current year; $6,667 accrual for awards not yet vested. Klara Jelinkova: $39,000 award; $22,750 accrual for awards not yet vested. Peter Rodriguez: $50,000 award; $79,167 accrual for awards not yet vested. Caroline Levander: $40,000 award; $30,000 accrual for awards not yet vested. Schedule J, Part I, Line 7 Non-fixed payments Contracts of certain individuals include provisions that allow them to receive additional compensation if specific criteria or circumstances are met or performance thresholds are achieved. Payments were made under such contracts in calendar year 2020 to David Leebron, Allison Thacker, Marie Lynn Miranda, John Lawrence, Carmen Thompson, and Alan Arnold. Bonuses were paid to Katherine Collins, Kevin Kirby, Kathi Dantley Warren, Yvonne Romero da Silva, Linda Thrane, Seiichi Matsuda, Klara Jelinkova, Caroline Levander, Joseph Davidson, Ronald Long, Cindy Melton, Bradley Fralic, Eno Oregbesan, and Veta Byrd-Perez. A City of Houston Higher Education Finance Corporation 760387014 442378DZ5 2010-06-02 139887000 Construction false false false A 13000000 94485000 139887000 0 1256011 0 1186594 0 0 124444395 13000000 0 2018 false false true true A false false false false true 0.0 0.0 0.0 false false true A false false false true false false false true true A true Schedule K, Part I Bond Issues CHHEFC RICE UNIVERSITY SERIES 2010B HAS CUSIP NUMBER 442378DZ5. THE UNIVERSITY HAS PRACTICES AND PROCEDURES TO MONITOR PRIVATE BUSINESS USE IN TAX-EXEMPT DEBT-FINANCED BUILDINGS TO ENSURE THAT IT DOES NOT EXCEED PERMITTED LIMITS. THE UNIVERSITY HAS A POLICY ALLOCATING EQUITY FIRST TO ANY FACILITY INCLUDING PRIVATE BUSINESS USE. Schedule K, Part IV, Line 2c COLUMN A Issuer name: City of Houston Higher Education Finance Corporation The calculation for computing no rebate due was performed on 06/30/2018 Kevin Kirby Officer Personal loan X 90000 90000 false true true Caroline Levander Officer Personal loan X 90000 90000 false true true 180000 Y Ping Sun Spouse of officer 110000 Employee false Diana Strassmann Spouse of trustee 121890 Employee false Nancy Carlson Trustee 497367 Management fees false Brian Patterson Joint Venture 21025754 Principal of partnership in which university invests false Nancy Carlson Spouse of trustee employed 108000 Employment of family member false X 5 20504 Market value X 46 475505 Market value X 1 7500000 Market value X Computer equipment 3 1600751 Market value X Musical instruments 8 170601 Market value X Oil and gas mineral interests 3 935985 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributions Art - Works of art - Number of donors Other - Computer equipment Number of contributions Other - Musical instruments Number of donors Real estate - Residential - Number of items Other - Oil and gas mineral interests Number of donors Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Kevin Kirby and Caroline Levander - Family relationship, Randa Duncan Williams and James Hackett - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body A draft copy of Form 990 is discussed with the Audit Committee, a draft copy of compensation related disclosures (Part VII and Schedule J ) is shared with the Compensation and Organizational Development (CORD) Committee of the Board of Trustees and the final Form 990 is provided to all of the trustees before it is filed. The Form 990 is prepared by the Controller's Office in consultation with other University offices, reviewed within the Controller's office, the office of General Counsel and Human Resources, reviewed by PricewaterhouseCoopers as the paid preparer, reviewed by the Vice President for Finance and the President together with senior management before it is provided to the trustees. Form 990, Part VI, Line 12c Conflict of interest policy A conflict of interest questionnaire is completed annually by officers, directors, trustees, key employees and other disqualified persons. Members of the University's Board of Trustees and senior management may, from time to time, be associated, either directly or through interlocking board memberships, with entities doing business with the University. The University employs a conflict of interest policy that requires any such associations be disclosed in writing on an annual basis. When such associations exist, measures are taken to mitigate any actual or perceived conflict, including recusal of the board member from any decisions involving the entity doing business with the University. The transactions with the entities associated with trustees or senior management are not considered to be significant and may include investment management, common participation in investment vehicles, or the purchases of goods or services. When the University enters into such transactions, the prices are set at fair market value and the terms are no less beneficial than those offered to others in the ordinary course of business. Form 990, Part VI, Line 15a Process to establish compensation of top management official Compensation of the organizations' officers is determined by the CORD Committee of the Board of Trustees based on comparability data. The deliberations and decisions of the CORD Committee of the Board of Trustees are contemporaneously documented as are all meetings of the board and its committees. Further detail is provided in Schedule J, Part III. Form 990, Part VI, Line 15b Process to establish compensation of other employees See Pt VI, Line 15a Form 990, Part VI, Line 19 Required documents available to the public The articles of incorporation are filed with the state and are publicly available. The financial statements are available to the public on the University's website and by request. Copies of the Form 990 and Form 990-T tax returns are available to the public on request. The University's conflict of interest policy is available on the University's website. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Fixed asset disposal - Total Revenue: 1260906, Related or Exempt Function Revenue: 1260906, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in life income liability - -28865000; Unrealized in beginning net assets realized in current year - 10088860; WMR BNA Holdings LLC 6100 Main St Houston TX 77005 814267081 Holding Company DE 120071 12399131 William Marsh Rice University WMR WS Holdings LLC 6100 Main Street Houston TX 77005 823639744 Holding Company DE -89636 21025754 William Marsh Rice University Rice Land Lumber Co 6100 Main Street Houston TX 77005 746045400 Timber holding company LA 501(c)(2) William Marsh Rice University true RU Corporation 6100 Main Street Houston TX 77005 746081393 Real estate title holding TX 501(c)(2) William Marsh Rice University true Rice Trust Inc 6100 Main Street Houston TX 77005 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