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Rice Research Trust

Organization summary

Type of Nonprofit

Designated as a 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.

Category: Food, Agriculture, and Nutrition N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.14M (2025)

Expenses
$681k (2025)

Total Assets
$17.7M (2025)

Total Liabilities
$70.3k (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 June
2025

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,143,295
Expenses
$680,896
Net Income
$462,399
Net Assets
$17,641,617
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,840
3.2%
Program Services $0
Investment Income $571,034
49.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $533,993
46.7%
Net Inventory Sales $0
Other Revenue $1,428
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,711,882
Total Liabilities $70,265
Net Assets $17,641,617
Compensation
Key Employees and Officers Compensation Related Other
Steve Willey (Chair) $0 $0 $0
Aaron Scheidel (Vice Chair) $0 $0 $0
Lane Taylor (Director) $0 $0 $0
Kurt Meyer (Director) $0 $0 $0
Rob Doornbos (Director) $0 $0 $0
Dennis Spooner (Director) $0 $0 $0
Bert Manuel (Director) $0 $0 $0
Gary Enos (Director) $0 $0 $0
Kyle Niehues (Director) $0 $0 $0
Sean Doherty (Director) $0 $0 $0
Kim Gallagher (Director) $0 $0 $0
Dustin Harrell (Executive Director) $0 $223,786 $14,628

Document Links

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,325,942
Expenses
$334,704
Net Income
$1,991,238
Net Assets
$17,398,469
Notable Sources of Revenue Percent of Total Revenue
Contributions $532,950
22.9%
Program Services $0
Investment Income $474,817
20.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,318,175
56.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,398,469
Total Liabilities $0
Net Assets $17,398,469
Compensation
Key Employees and Officers Compensation Related Other
Lane Taylor (Director) $0 $0 $0
Kyle Niehues (Director) $0 $0 $0
Kurt Meyer (Director) $0 $0 $0
Rob Doornbos (Director) $0 $0 $0
Sean Doherty (Director) $0 $0 $0
Dennis Spooner (Director) $0 $0 $0
Kim Gallagher (Director) $0 $0 $0
Steve Willey (Chair) $0 $0 $0
Bert Manuel (Director) $0 $0 $0
Aaron Scheidel (Vice Chair) $0 $0 $0
Gary Enos (Director) $0 $0 $0
Dustin Harrell (Executive Director) $0 $213,099 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$667,185
Expenses
$331,147
Net Income
$336,038
Net Assets
$12,523,150
Notable Sources of Revenue Percent of Total Revenue
Contributions $543,545
81.5%
Program Services $0
Investment Income $239,824
35.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$116,184
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,523,150
Total Liabilities $0
Net Assets $12,523,150
Compensation
Key Employees and Officers Compensation Related Other
Carl Funke (Director) $0 $0 $0
Aaron Scheidel (Director) $0 $0 $0
Gary Stone (Director) $0 $0 $0
Bert Manuel (Director) $0 $0 $0
E Kurt Meyer (Director) $0 $0 $0
Steve Willey (Chairman) $0 $0 $0
Gary Enos (Director) $0 $0 $0
Dustin Harrell (Executive Director) $0 $294,086 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$924,120
Expenses
$133,553
Net Income
$790,567
Net Assets
$12,187,112
Notable Sources of Revenue Percent of Total Revenue
Contributions $536,380
58.0%
Program Services $0
Investment Income $208,358
22.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $179,382
19.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,187,112
Total Liabilities $0
Net Assets $12,187,112
Compensation
Key Employees and Officers Compensation Related Other
Gary Enos (Director) $0 $0 $0
Robert A Doornbos Jr (Treasurer) $0 $0 $0
Carl Funke (Director) $0 $0 $0
Aaron Scheidel (Director) $0 $0 $0
Gary Stone (Director) $0 $0 $0
Kim Gallagher (Director) $0 $0 $0
Bert Manuel (Director) $0 $0 $0
E Kurt Meyer (Director) $0 $0 $0
Dennis Spooner (Director) $0 $0 $0
Sean Doherty (Director) $0 $0 $0
Steve Willey (Chairman) $0 $0 $0
Dustin L Harrell Phd (Executive Director (Beg 11/21)) $0 $33,333 $0
Dr Kent Mckenzie (Former Executive Director) $0 $128,866 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,853,408
Expenses
$214,425
Net Income
$1,638,983
Net Assets
$11,396,545
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,533,341
82.7%
Program Services $0
Investment Income $210,412
11.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $109,655
5.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,396,545
Total Liabilities $0
Net Assets $11,396,545
Compensation
Key Employees and Officers Compensation Related Other
Gary Enos (Director) $0 $0 $0
Robert A Doornbos Jr (Treasurer) $0 $0 $0
Carl Funke (Director) $0 $0 $0
Aaron Scheidel (Director) $0 $0 $0
Gary Stone (Director) $0 $0 $0
Kim Gallagher (Director) $0 $0 $0
Bert Manuel (Director) $0 $0 $0
E Kurt Meyer (Director) $0 $0 $0
Dennis Spooner (Director) $0 $0 $0
Sean Doherty (Director) $0 $0 $0
Steve Willey (Chairman) $0 $0 $0
Russell Rasmussen Phd (Chief Executive Officer) $0 $169,755 $0
Dr Kent Mckenzie (Former Executive Director) $0 $216,964 $19,746

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$239,613
Expenses
$714,001
Net Income
-$474,388
Net Assets
$9,757,562
Notable Sources of Revenue Percent of Total Revenue
Contributions $529,002
> 100%
Program Services $0
Investment Income $250,515
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$539,904
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,757,562
Total Liabilities $0
Net Assets $9,757,562
Compensation
Key Employees and Officers Compensation Related Other
Gary Enos (Director) $0 $0 $0
Rob Doornbos (Director) $0 $0 $0
Carl Funke (Director) $0 $0 $0
Aaron Scheidel (Director) $0 $0 $0
Steve Dh Willey (Chairman) $0 $0 $0
Gary Stone (Director) $0 $0 $0
Kim Gallagher (Director) $0 $0 $0
Bert Manuel (Director) $0 $0 $0
Kurt Meyer (Director) $0 $0 $0
Dennis Spooner (Director) $0 $0 $0
Sean Doherty (Director) $0 $0 $0
Kent Mckenzie (Executive Director) $0 $182,702 $17,133
Russell Rasmussen Phd (Chief Executive Officer) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$766,054
Expenses
$512,162
Net Income
$253,892
Net Assets
$10,231,950
Notable Sources of Revenue Percent of Total Revenue
Contributions $535,675
69.9%
Program Services $0
Investment Income $259,052
33.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$28,673
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,231,950
Total Liabilities $0
Net Assets $10,231,950
Compensation
Key Employees and Officers Compensation Related Other
Gary Enos (Director) $0 $0 $0
Joe Kalfsbeek (Director) $0 $0 $0
Carl Funke (Director) $0 $0 $0
Aaron Scheidel (Director) $0 $0 $0
Steve Dh Willey (Chairman) $0 $0 $0
Gary Stone (Director) $0 $0 $0
Lance Benson (Director) $0 $0 $0
Bert Manuel (Director) $0 $0 $0
Kurt Meyer (Director) $0 $0 $0
Dennis Spooner (Director) $0 $0 $0
Sean Doherty (Director) $0 $0 $0
Kent Mckenzie (Executive Director) $0 $179,079 $18,345

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,640,020
Expenses
$320,329
Net Income
$1,319,691
Net Assets
$9,978,058
Notable Sources of Revenue Percent of Total Revenue
Contributions $533,760
32.5%
Program Services $0
Investment Income $244,674
14.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $861,586
52.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,978,058
Total Liabilities $0
Net Assets $9,978,058
Compensation
Key Employees and Officers Compensation Related Other
Gary Enos (Director) $0 $0 $0
Joe Kalfsbeek (Director) $0 $0 $0
Carl Funke (Director) $0 $0 $0
Aaron Scheidel (Director) $0 $0 $0
Steve Dh Willey (Chairman) $0 $0 $0
Gary Stone (Director) $0 $0 $0
Lance Benson (Director) $0 $0 $0
Bert Manuel (Director) $0 $0 $0
Kurt Meyer (Director) $0 $0 $0
Dennis Spooner (Director) $0 $0 $0
Sean Doherty (Director) $0 $0 $0
Kent Mckenzie (Executive Direc) $0 $162,509 $17,517

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,316,178
Expenses
$335,580
Net Income
$980,598
Net Assets
$8,658,367
Notable Sources of Revenue Percent of Total Revenue
Contributions $529,270
40.2%
Program Services $0
Investment Income $222,217
16.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $564,691
42.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,658,367
Total Liabilities $0
Net Assets $8,658,367
Compensation
Key Employees and Officers Compensation Related Other
Gary Enos (Director) $0 $0 $0
Joe Kalfsbeek (Director) $0 $0 $0
Carl Funke (Director) $0 $0 $0
Aaron Scheidel (Director) $0 $0 $0
Steve Dh Willey (Chairman) $0 $0 $0
Gary Stone (Director) $0 $0 $0
Lance Benson (Director) $0 $0 $0
Bert Manuel (Director) $0 $0 $0
Dennis Spooner (Director) $0 $0 $0
Sean Doherty (Director) $0 $0 $0
Kent Mckenzie (Executive Direc) $0 $155,809 $16,465

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$488,551
Expenses
$159,397
Net Income
$329,154
Net Assets
$7,677,769
Notable Sources of Revenue Percent of Total Revenue
Contributions $45,975
9.4%
Program Services $0
Investment Income $209,627
42.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $232,949
47.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,677,769
Total Liabilities $0
Net Assets $7,677,769
Compensation
Key Employees and Officers Compensation Related Other
Gary Enos (Director) $0 $0 $0
Joe Kalfsbeek (Director) $0 $0 $0
Carl Funke (Director) $0 $0 $0
Aaron Scheidel (Vice Chair) $0 $0 $0
Steve Dh Willey (Chairman) $0 $0 $0
Gary Stone (Director) $0 $0 $0
Lance Benson (Director) $0 $0 $0
Bert Manuel (Director) $0 $0 $0
Charles Mathews Jr (Director) $0 $0 $0
Dennis Spooner (Director) $0 $0 $0
Sean Doherty (Director) $0 $0 $0
Kent Mckenzie (Executive Direc) $0 $151,739 $30,054

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,328,065
Expenses
$203,316
Net Income
$2,124,749
Net Assets
$7,348,615
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,021,835
86.8%
Program Services $0
Investment Income $180,785
7.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $125,445
5.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,348,615
Total Liabilities $0
Net Assets $7,348,615
Compensation
Key Employees and Officers Compensation Related Other
Gary Enos (Director) $0 $0 $0
Joe Kalfsbeek (Director) $0 $0 $0
Carl Funke (Director) $0 $0 $0
Aaron Scheidel (Vice Chair) $0 $0 $0
Steve Dh Willey (Chairman) $0 $0 $0
Gary Stone (Director) $0 $0 $0
Lance Benson (Director) $0 $0 $0
Bert Manuel (Director) $0 $0 $0
Charles Mathews Jr (Director) $0 $0 $0
Dennis Spooner (Director) $0 $0 $0
Sean Doherty (Director) $0 $0 $0
Kent Mckenzie (Executive Direc) $0 $145,921 $30,389

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$560,417
Expenses
$169,263
Net Income
$391,154
Net Assets
$5,223,866
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,361
4.9%
Program Services $0
Investment Income $156,964
28.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $376,092
67.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,223,866
Total Liabilities $0
Net Assets $5,223,866

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$282,476
Expenses
$45,617
Net Income
$236,859
Net Assets
$4,832,712
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,450
7.6%
Program Services $0
Investment Income $160,736
56.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $100,290
35.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,832,712
Total Liabilities $0
Net Assets $4,832,712

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$261,407
Expenses
$131,996
Net Income
$129,411
Net Assets
$4,595,853
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,565
8.2%
Program Services $0
Investment Income $159,906
61.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $79,936
30.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,595,853
Total Liabilities $0
Net Assets $4,595,853

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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