DERICA & ROBIN RICE FAMILY FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
DERICA & ROBIN RICE FAMILY FOUNDATION INC (EIN 81-0696455)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-10-11
IRS object ID
202122849349100627
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-10-11T16:43:05-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN205520612PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1L M HENDERSON & COMPANY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1450 E 96TH ST STE 200AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46240ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN810696455EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DERICA & ROBIN RICE FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlDERIBusinessNameControlTxt
Phone3177331705PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14000 WEST 106TH STREET STE 125-212AddressLine1Txt
CityCARMELCityNm
State AbbreviationINStateAbbreviationCd
ZIP46032ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDERICA RICEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3177331705PhoneNum
Signature2021-09-20SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDERICAPersonFirstNm
Person LastRICEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKARI MORWICKPreparerPersonNm
PTINP00446321PTIN
Phone3175661000PhoneNum
Preparation2021-09-20PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,731,663FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,615ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$4InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$59,737DividendsRevAndExpnssAmt
Dividends Net Invst Incm$59,737DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$21,388NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$641,882GrossSalesPriceAmt
Total Rev And Expnss$39,968TotalRevAndExpnssAmt
Total Net Invst Incm$59,741TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,615AccountingFeesRevAndExpnssAmt
Accounting Fees Adj Net Incm$1,615AccountingFeesAdjNetIncmAmt
Taxes Rev And Expnss$2,756TaxesRevAndExpnssAmt
Taxes Net Invst Incm$956TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$4,371TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$956TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$1,615TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$300,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$300,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$304,371TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$956TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$1,615TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$300,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$264,403ExcessRevenueOverExpensesAmt
Net Investment Income$58,785NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,432CashBOYAmt
Cash EOY$5,242CashEOYAmt
Cash EOYFMV$5,242CashEOYFMVAmt
Corporate Stock BOY$2,498,988CorporateStockBOYAmt
Corporate Stock EOY$2,233,775CorporateStockEOYAmt
Corporate Stock EOYFMV$2,726,421CorporateStockEOYFMVAmt
Total Assets BOY$2,503,420TotalAssetsBOYAmt
Total Assets EOY$2,239,017TotalAssetsEOYAmt
Total Assets EOYFMV$2,731,663TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,503,420NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$2,239,017NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,503,420TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,239,017TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,503,420TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,239,017TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,503,420TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$264,403ExcessRevenueOverExpensesAmt
Subtotal$2,239,017SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,239,017TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (14 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtSoldSoldDt
ISHARES CURRENCY HEDG MSCI EAFEP2019-09-10$64,969$72,044-$7,075-$7,075
ISHARES CURRENCY HEDG MSCI EMERGP2019-09-10$60,062$55,239$4,823$4,8232020-07-29
ISHARES EDGE MSCI MIN VOL USAP$127,915$133,192-$5,277-$5,277
ISHARES EDGE MSCI USA MOMNTMP$1,423$1,460-$37-$372020-04-22
ISHARES FLOATING RATE BONDP$3,366$3,431-$65-$652020-04-22
SCHWAB US SMALL CAP ETFP$17,070$22,291-$5,221-$5,221
CHARLES SCHWAB US MCP2018-02-09$14,980$13,839$1,141$1,1412020-07-31
ISHARES CORE MSCI EMERGINGP$39,944$42,902-$2,958-$2,9582020-07-31
ISHARES CORE MSCI EAFEP2018-11-20$27,504$31,107-$3,603-$3,6032020-04-22
ISHARES EDGE MSCI MIN VOLP$44,349$40,240$4,109$4,109
ISHARES EDGE MSCI USA MOMNTM ETFP$52,415$46,755$5,660$5,6602020-04-22
ISHARES FLOATING RATE BONDP$68,902$70,267-$1,365-$1,3652020-04-22
SCHWAB US LARGE CAP ETFP2018-02-09$30,945$24,219$6,726$6,726
SCHWAB US SMALL CAP ETFP$87,613$106,284-$18,671-$18,671
FieldValueIRS element (for citing)
Capital Gain Net Income-$21,388CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$12,852NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$817InvestmentIncomeExciseTaxAmt
Subtotal$817SubtotalAmt
Tax Based On Investment Income$817TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$982EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$982TotalPaymentsAndCreditsAmt
Overpayment$165OverpaymentAmt
Applied To ES Tax$165AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateINOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksDERICA RICEIndividualWithBooksNm
Phone3177331705PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14000 WEST 106TH STREET STE 125-212AddressLine1Txt
CityCARMELCityNm
State AbbreviationINStateAbbreviationCd
ZIP46032ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DERICA RICE
4000 WEST 106TH STREET STE 125-212CARMELIN46032PRESIDENT000.00$0$0$0
ROBIN NELSON-RICE
4000 WEST 106TH STREET STE 125-212CARMELIN46032SECRETARY/TR000.00$0$0$0
SOLOMON RICE
4000 WEST 106TH STREET STE 125-212CARMELIN46032DIRECTOR000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,519,969AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$47,711AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,567,680TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,567,680AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$38,515CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,529,165NetVlNoncharitableAssetsAmt
Minimum Investment Return$126,458MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$126,458MinimumInvestmentReturnAmt
Tax Based On Investment Income$817TaxBasedOnInvestmentIncomeAmt
Total Tax$817TotalTaxAmt
Distributable Before Adj$125,641DistributableBeforeAdjAmt
Distributable Before Ded$125,641DistributableBeforeDedAmt
Distributable As Adjusted$125,641DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$300,000ExpensesAndContributionsAmt
Qualifying Distributions$300,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$300,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$125,641DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$169,787ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$162,928ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$332,715TotalExcessDistributionCyovAmt
Qualifying Distributions$300,000QualifyingDistributionsAmt
Applied To Current Year$125,641AppliedToCurrentYearAmt
Remaining Distri From Corpus$174,359RemainingDistriFromCorpusAmt
Total Corpus$507,074TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$507,074ExcessDistriCyovToNextYrAmt
Excess From Year2$169,787ExcessFromYear2Amt
Excess From Year1$162,928ExcessFromYear1Amt
Excess From Current Year$174,359ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonDERICA ROBIN RICERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line14000 WEST 106TH STREETAddressLine1Txt
Address Line2STE 125-212AddressLine2Txt
CityCARMELCityNm
State AbbreviationINStateAbbreviationCd
ZIP46032ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3177331705RecipientPhoneNum
Form And Info And MaterialsNO SPECIFIC FORM EXCEPT REQUEST SHOULD BE WRITTENFormAndInfoAndMaterialsTxt
Submission DeadlinesAPPLICATIONS ARE ACCEPTED AT ANY TIMESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CENTER FOR LEADERSHIP DEVELOPMENT
2425 DR MLK JR STREETINDIANAPOLISIN46208PUBLICCHARITABLE$250,000
INDIANA UNIVERSITY FOUNDATION
PO BOX 500BLOOMINGTONIN47402PUBLICCHARITABLE$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$300,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$59,737ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion-$21,388ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$38,353ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$38,353TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,615Amt
Adjusted Net Income$1,615AdjustedNetIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCHARLES SCHWABStockNm
EOY Book Value$2,233,775EOYBookValueAmt
EOYFMV$2,726,421EOYFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL TAX$1,800
FOREIGN TAX$956$956

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