DERICA & ROBIN RICE FAMILY FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
DERICA & ROBIN RICE FAMILY FOUNDATION INC (EIN 81-0696455)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-05-15
IRS object ID
201801359349101135
Schema version
2017v2.3
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)
Return2018-05-15T12:57:05-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

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 Begin2017-01-01TaxPeriodBeginDt

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 Line111065 SEDGEMOOR CIRAddressLine1Txt
CityCARMELCityNm
State AbbreviationINStateAbbreviationCd
ZIP46032ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDERICA RICEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3177331705PhoneNum
Signature2018-02-22SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL A RASORPreparerPersonNm
PTINP01244705PTIN
Phone3175661000PhoneNum
Preparation2018-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$946,261FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,200ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$15InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$15InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$23,646DividendsRevAndExpnssAmt
Dividends Net Invst Incm$23,646DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$49,810NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$75,140GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$49,810CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$74,671TotalRevAndExpnssAmt
Total Net Invst Incm$73,471TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,200AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$237TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,437TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$58,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$58,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$59,937TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$58,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$14,734ExcessRevenueOverExpensesAmt
Net Investment Income$73,471NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,657CashBOYAmt
Cash EOY$43,721CashEOYAmt
Cash EOYFMV$43,721CashEOYFMVAmt
Corporate Stock BOY$992,328CorporateStockBOYAmt
Corporate Stock EOY$917,335CorporateStockEOYAmt
Corporate Stock EOYFMV$902,540CorporateStockEOYFMVAmt
Total Assets BOY$995,985TotalAssetsBOYAmt
Total Assets EOY$961,056TotalAssetsEOYAmt
Total Assets EOYFMV$946,261TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$995,985UnrestrictedBOYAmt
Unrestricted EOY$961,056UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$995,985TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$961,056TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$995,985TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$961,056TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$995,985TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$14,734ExcessRevenueOverExpensesAmt
Subtotal$1,010,719SubtotalAmt
Other Decreases$49,663OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$961,056TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
ELI LILLY & COMPANYP1996-02-022017-10-31$58,130$20,508$37,622$37,622
ELI LILLY & COMPANYP2003-11-252017-10-31$17,010$4,822$12,188$12,188
FieldValueIRS element (for citing)
Capital Gain Net Income$49,810CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$19,763AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$868,153NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.022764DistributionYr1Rt
Net Vl Noncharitable Assets Yr2$962,423NetVlNoncharitableAssetsYr2Amt
Total Distribution0.022764TotalDistributionRt
Average Distribution0.022764AverageDistributionRt
Net Vl Noncharitable Assets$945,823NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$21,531AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$735NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$22,266AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$58,500QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$735InvestmentIncomeExciseTaxAmt
Subtotal$735SubtotalAmt
Tax Based On Investment Income$735TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$6EsPenaltyAmt
Tax Due$741TaxDueAmt

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 ROBIN RICEIndividualWithBooksNm
Phone3177331705PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line111065 SEDGEMOOR CIRAddressLine1Txt
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

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
11065 SEDGEMOOR CIRCARMELIN46032PRESIDENT000.00$0$0$0
ROBIN NELSON-RICE
11065 SEDGEMOOR CIRCARMELIN46032SECRETARY/TR000.00$0$0$0
SOLOMON RICE
11065 SEDGEMOOR CIRCARMELIN46032DIRECTOR000.00$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$942,310AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$17,916AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$960,226TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$960,226AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,403CashDeemedCharitableAmt
Net Vl Noncharitable Assets$945,823NetVlNoncharitableAssetsAmt
Minimum Investment Return$47,291MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$47,291MinimumInvestmentReturnAmt
Tax Based On Investment Income$735TaxBasedOnInvestmentIncomeAmt
Total Tax$735TotalTaxAmt
Distributable Before Adj$46,556DistributableBeforeAdjAmt
Distributable Before Ded$46,556DistributableBeforeDedAmt
Distributable As Adjusted$46,556DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$58,500ExpensesAndContributionsAmt
Qualifying Distributions$58,500QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$735PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$57,765AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$46,556DistributableAsAdjustedAmt
Undistributed Income PY$27,126UndistributedIncomePYAmt
Qualifying Distributions$58,500QualifyingDistributionsAmt
Applied To Year1$27,126AppliedToYear1Amt
Applied To Current Year$31,374AppliedToCurrentYearAmt
Undistributed Income CY$15,182UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonDERICA ROBIN RICERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line111065 SEDGEMOOR CIRAddressLine1Txt
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 (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
BREBEUF JESUIT
2801 WEST 86TH STREETINDIANAPOLISIN46268PUBLICCHARITABLE$2,500
WOMEN'S FUND OF CENTRAL INDIANA
615 N ALABAMA STINDIANAPOLISIN46204PUBLICCHARITABLE$55,000SUITE 119
COLUMBIA UNIVERSITY
116TH ST BROADWAYNEW YORKNY10027PUBLICCHARITABLE$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$58,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23,646ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$49,810ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$73,471ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$73,471TotalIncomeProducingActyAmt

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)
Amt$1,200Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockELI LILLY & COMPANYStockNm
EOY Book Value$917,335EOYBookValueAmt
EOYFMV$902,540EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBOOK TO TAX DIFFERENCE-CAPITAL GAINDesc
Amt$49,663Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category2016 FEDERAL TAXCategoryTxt
Amt$237Amt

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