The Astor D Rice Foundation Inc
Nonprofit profile at a glance
- EIN
- 873434078
- IRS 990 coverage
- 2024–2025
- Forms available
- Form 990 2025, Form 990-EZ 2023, Form 990-N 2022
- Location
- Binghamton, NY, USA
- Phone
- 6072383529
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $227,823
- Expenses
- $190,400
- Assets
- $139,459
- Liabilities
- $406
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- KING RICE (PRESIDENT)
- CHARLES WOODY (VICE PRESIDENT)
- AMY RICE (EXECUTIVE DIRECTOR)
Highest reported compensation
- AMY RICE (EXECUTIVE DIRECTOR): $66,510 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To help the youth and families of the greater binghamton area reach their full potential by providing educational, social, athletic and life-skill activities and settings.
What it reported doing in 2025
The foundation will provide educational, social, athletic and life-skill settings at little or no cost (when qualifed) to the youth and families of the greater binghamton area with a special focus on those in central city. The opportunities will be available regardless of race, color, gender, religion or national origin. The goal is to help participants reach their full potential by offering foundation resources and a healthy and safe environment. How the foundation meets its goals:- offer summer and after-school activities and events- distribute school and educational supplies for students in need- office financial literacy and other life-skills programing- host basketball tournamnets and camps, pick-up leagues- provide financial aid and scholarships for students and families for expenses and events consistent with the goals of the foundation- develop strategic partnerships with like-minded local for-profit and non-profit businesses.- provide family style meals and to go meals for program participants.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 92
- Accountability: 69
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.7%; rating input score 53
- Program expense ratio: 62.9%; rating input score 63
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 16.4%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 0.73; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 34.9%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 21.1% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 29.4% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 36.1% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 52.7% of revenue deployed · 62.9% of spending went to programs
- Governance: 13 of 13 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $120K in reported program spending
- Leadership: top reported pay $67K · 13 people listed
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 53/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 8/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.