EIN 74-1109620

William Marsh Rice University

IRS 501(c) type
501(c)(3)
Num. employees
8,410
State
Year formed
1908
Most recent tax filings
2022-06-01
Description
Rice University aspires to pathbreaking research, unsurpassed teaching, and contributions to the betterment of their world as a leading research university with a distinctive commitment to undergraduate education.
Also known as...
Controllers Office MS-70; Rice University
Total revenues
$1,372,497,739
2022
Total expenses
$1,038,722,151
2022
Total assets
$9,509,125,671
2022
Num. employees
8,410
2022

Program areas at William Marsh Rice University

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 4,200 undergraduate and 4,000 graduate students, as well as 13,000 life-long learners. For the cohort entering Fall 2015 the six-year undergraduate graduation rate is 2.3 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 "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. 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.
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. The Gilbert and Ruth Whitaker Business Information Center provides additional specialized resources in its nearby space, designed by noted architect Robert A.M. Stern.
Basic scientific research and training 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 2022. 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 and Robert Curl (now deceased) 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.

Who funds William Marsh Rice University

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Benificus FoundationGeneral Purpose$26,927,907
Robert A Welch FoundationBasic Research in Chemistry and Related Fields$4,800,000
Bill & Melinda Gates FoundationMaternal, Neonatal and Child Health; MNCH Discovery and Tools$3,952,823
...and 280 more grants received totalling $82,051,883

Personnel at William Marsh Rice University

NameTitleCompensation
Allison ThackerChief Investment Officer , Treasurer , Assistant Secretary$1,192,572
Brian PadleyVice President for Information Technology and Chief Information Officer$299,549
Katherine CollinsVice President for Finance , Associate Treasurer and Assistant Secretary / Vice President for Finance Associate Treasurer and Assistant Secretary$490,215
Kelly FoxVice President for Finance and Administration
Kevin KirbyVice President for Administration$547,896
...and 25 more key personnel

Financials for William Marsh Rice University

RevenuesFYE 06/2022
Total grants, contributions, etc.$275,650,613
Program services$514,452,011
Investment income and dividends$42,134,153
Tax-exempt bond proceeds$0
Royalty revenue$1,164,072
Net rental income$2,435,308
Net gain from sale of non-inventory assets$495,623,725
Net income from fundraising events$-76,139
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$41,113,996
Total revenues$1,372,497,739

Form 990s for William Marsh Rice University

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-05990View PDF
2021-062022-07-11990View PDF
2020-062021-05-20990View PDF
2019-062020-10-06990View PDF
2018-062019-06-19990View PDF
...and 9 more Form 990s

Organizations like William Marsh Rice University

OrganizationLocationRevenue
Baylor University (BU)Waco, TX$1,400,477,758
Hofstra UniversityHempstead, NY$607,156,021
Duke UniversityDurham, NC$4,604,378,802
Boston CollegeChestnut Hill, MA$1,638,236,627
Drexel UniversityPhiladelphia, PA$1,352,478,393
Georgetown UniversityWashington, DC$1,988,566,479
Northeastern University (NU)Boston, MA$2,393,370,957
Dartmouth CollegeHanover, NH$1,952,191,796
Wake Forest University (WFU)Winston Salem, NC$715,438,504
Southern Methodist University (SMU)Dallas, TX$1,151,429,320
Data update history
August 19, 2023
Received grants
Identified 229 new grant, including a grant for $26,927,907 from Benificus Foundation
July 13, 2023
Used new vendors
Identified 12 new vendors, including , , , , , , , , , , , and
July 3, 2023
Updated personnel
Identified 14 new personnel
May 5, 2023
Received grants
Identified 1 new grant, including a grant for $127,119 from Washington University in St. Louis (Wash. U)
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
Political advocacyLobbyingFundraising eventsOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisers
General information
Address
6100 Main St MS 70
Houston, TX 77005
Metro area
Houston-The Woodlands-Sugar Land, TX
County
Harris County, TX
Website URL
rice.edu/ 
Phone
(713) 348-0000
Facebook page
RiceUniversity 
Twitter profile
@riceuniversity 
IRS details
EIN
74-1109620
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1908
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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