Ersa L Rice Educational Foundation

Milwaukee, WI
Tax-exempt since Sept. 1986
EIN: 43-6309301

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$19.4k (2025)

Expenses

$48.8k (2025)

Total Assets

$621k (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2012 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending March
2025

Revenue

$19,369

Expenses

$48,785

Net Income

-$29,416

Net Assets

$621,389

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$20,543	> 100%
Sales of Assets	-$1,233
Other Income	$59	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,674	77.2%
Compensation of Officers*	$11,735	24.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$621,389
Total Liabilities	$0
Net Assets	$621,389

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Trustee)	$11,735	$0

990-PF

Filed on Aug. 5, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2024

Revenue

$18,108

Expenses

$12,655

Net Income

$5,453

Net Assets

$650,807

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,746	> 100%
Sales of Assets	-$1,651
Other Income	$13	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,559	20.2%
Compensation of Officers*	$10,587	83.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$650,807
Total Liabilities	$0
Net Assets	$650,807

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Trustee)	$10,587	$0

990-PF

Filed on Aug. 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2023

Revenue

$20,376

Expenses

$78,521

Net Income

-$58,145

Net Assets

$645,352

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,400	80.5%
Sales of Assets	$2,322	11.4%
Other Income	$1,654	8.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,565	87.3%
Compensation of Officers*	$10,651	13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$645,352
Total Liabilities	$0
Net Assets	$645,352

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$10,651	$0

990-PF

Filed on Aug. 9, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2022

Revenue

$29,204

Expenses

$48,184

Net Income

-$18,980

Net Assets

$703,503

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,551	53.2%
Sales of Assets	$13,653	46.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,759	68.0%
Compensation of Officers*	$12,589	26.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$703,503
Total Liabilities	$0
Net Assets	$703,503

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$12,589	$0

990-PF

Filed on Aug. 4, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2021

Revenue

$164,632

Expenses

$12,998

Net Income

$151,634

Net Assets

$722,485

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,172	8.0%
Sales of Assets	$151,460	92.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,212	9.3%
Compensation of Officers*	$12,123	93.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$722,486
Total Liabilities	$1
Net Assets	$722,485

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$12,123	$0

990-PF

Filed on Aug. 2, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2020

Revenue

$48,888

Expenses

$45,343

Net Income

$3,545

Net Assets

$570,851

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,237	37.3%
Sales of Assets	$30,651	62.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,539	78.4%
Compensation of Officers*	$10,393	22.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$570,852
Total Liabilities	$1
Net Assets	$570,851

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$10,393	$0

990-PF

Filed on July 29, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2019

Revenue

$23,888

Expenses

$43,368

Net Income

-$19,480

Net Assets

$567,438

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,436	73.0%
Sales of Assets	$6,452	27.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,056	76.2%
Compensation of Officers*	$10,559	24.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$567,438
Total Liabilities	$0
Net Assets	$567,438

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$10,559	$0

990-PF

Filed on July 31, 2019

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Fiscal Year Ending March
2018

Revenue

$31,581

Expenses

$40,467

Net Income

-$8,886

Net Assets

$586,919

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,855	59.7%
Sales of Assets	$12,726	40.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,519	75.4%
Compensation of Officers*	$10,193	25.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$586,919
Total Liabilities	$0
Net Assets	$586,919

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$10,193	$0

990-PF

Filed on July 23, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2017

Revenue

$21,564

Expenses

$33,368

Net Income

-$11,804

Net Assets

$595,777

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,688	82.0%
Sales of Assets	$3,876	18.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,881	74.6%
Compensation of Officers*	$8,810	26.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$595,777
Total Liabilities	$0
Net Assets	$595,777

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$8,810	$0

990-PF

Filed on Aug. 7, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2016

Revenue

$21,021

Expenses

$32,224

Net Income

-$11,203

Net Assets

$607,607

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,542	69.2%
Sales of Assets	$4,585	21.8%
Other Income	$1,894	9.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,888	74.1%
Compensation of Officers*	$8,883	27.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$607,607
Total Liabilities	$0
Net Assets	$607,607

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$8,883	$0

990-PF

Filed on Aug. 11, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2015

Revenue

$32,495

Expenses

$62,599

Net Income

-$30,104

Net Assets

$619,587

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$17,849	54.9%
Sales of Assets	$14,644	45.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,920	78.1%
Compensation of Officers*	$9,598	15.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$619,727
Total Liabilities	$140
Net Assets	$619,587

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$9,598	$0

990-PF

Filed on July 28, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2014

Revenue

$131,669

Expenses

$20,824

Net Income

$110,845

Net Assets

$649,695

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$18,350	13.9%
Sales of Assets	$113,115	85.9%
Other Income	$203	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,360	35.3%
Compensation of Officers*	$20,419	98.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$650,050
Total Liabilities	$355
Net Assets	$649,695

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$20,419	$0

990-PF

Filed on July 22, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2013

Revenue

$46,559

Expenses

$46,805

Net Income

-$246

Net Assets

$538,300

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,183	39.1%
Sales of Assets	$28,310	60.8%
Other Income	$66	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,373	82.0%
Compensation of Officers*	$9,130	19.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$538,300
Total Liabilities	$0
Net Assets	$538,300

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2012

Revenue

$65,665

Expenses

$45,092

Net Income

$20,573

Net Assets

$538,506

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,517	25.2%
Sales of Assets	$49,047	74.7%
Other Income	$101	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,377	78.5%
Compensation of Officers*	$9,165	20.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$538,506
Total Liabilities	$0
Net Assets	$538,506

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Ersa L Rice Educational Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $19.4k (2025)

Expenses $48.8k (2025)

Total Assets $621k (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending March 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$19.4k (2025)

Expenses

$48.8k (2025)

Total Assets

$621k (2025)

Total Liabilities

$0 (2025)

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2025

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2024

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