About
What does The RICE Company Limited do?
The RICE Company Limited is a registered charity and not-for-profit organization that harnesses the power of arts to benefit underprivileged children and youths in the community. They manage various facilities, including arts centers, creative spaces, and subsidiaries, aiming to provide opportunities for personal growth and development through artistic expression.
Founded
2014
People
lim yeong seng, tan teck san kelvin, goh colin, tan teck hong pius, genii koh hui peng, chua kheng yeng, jennie, tay tuan hearn alvin, tan xui fen, savitha ramachandran
Causes
Health & WellnessChildrenEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2014
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Providing opportunities for under-served children and youth to engage with arts programs, potentially leading to personal growth and development.
- Supporting local artists by providing them with resources and platforms through the Business Times Budding Artists Fund.
- Enhancing community spaces in Northpoint city, Orchard Central, Far East Square, and Hillside1820 by managing creative spaces that encourage artistic expression and collaboration.
- Promoting cultural exchange and understanding through Global Cultural Alliance's initiatives.
- Fostering a sense of community among youth in Singapore through the programs offered at 10 Square Youth, The Little Academy, and other subsidiaries.
Donation Income
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Providing opportunities for under-served children and youth to engage with arts programs, potentially leading to personal growth and development.
- Supporting local artists by providing them with resources and platforms through the Business Times Budding Artists Fund.
- Enhancing community spaces in Northpoint city, Orchard Central, Far East Square, and Hillside1820 by managing creative spaces that encourage artistic expression and collaboration.
- Promoting cultural exchange and understanding through Global Cultural Alliance's initiatives.
- Fostering a sense of community among youth in Singapore through the programs offered at 10 Square Youth, The Little Academy, and other subsidiaries.
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 986,743 | 1,219,082 | 1,453,058 |
| Non Tax-Deductible | 737,249 | 268,261 | 503,961 |
| Total Donations in Cash | 1,723,992 | 1,487,343 | 1,957,019 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 2,093,267 | 2,581,384 | 2,621,458 |
| Investment Income | 0 | 0 | 0 |
| Programme Fees | 59,148 | 61,121 | 158,152 |
| Others Income | 799,676 | 532,675 | 554,375 |
| Total Receipts | 4,676,083 | 4,662,523 | 5,291,004 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 364,146 | 247,914 | 138,676 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 3,803,369 | 3,882,676 | 4,069,945 |
| Overseas (Direct & Support) | 2,188 | 0 | 0 |
| Charitable Activities/Programme Expenses | 3,805,557 | 3,882,676 | 4,069,945 |
| Expenses | |||
| Other Expenses | 442,164 | 486,581 | 943,617 |
| Total Expenditure | 4,611,867 | 4,617,171 | 5,152,238 |
| Balance Sheet | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 1,575,303 | 2,206,896 | 2,848,656 |
| Investments | 1 | 1 | 1 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 68,337 | 655,684 | 764,823 |
| Cash & Deposits | 8,960,658 | 9,269,494 | 9,159,834 |
| Other Assets | 791,411 | 152,084 | 226,107 |
| Total Assets | 11,395,710 | 12,284,159 | 12,999,421 |
| Funds | |||
| Total Unrestricted Funds | 1,397,433 | 896,507 | 828,066 |
| Total Restricted Funds | 6,544,355 | 6,981,065 | 7,004,154 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 7,941,788 | 7,877,572 | 7,832,220 |
| Liabilities | |||
| Total Current Liabilities | 2,285,071 | 2,601,636 | 2,962,525 |
| Total Non-Current Liabilities | 1,168,851 | 1,804,951 | 2,204,676 |
| Total Liabilities | 3,453,922 | 4,406,587 | 5,167,201 |
| Total Funds and Liabilities | 11,395,710 | 12,284,159 | 12,999,421 |
| Other Information | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 0 |
| No. of Employees | 32 | 36 | 35 |
| Total Employee Cost | 2,523,185 | 2,606,223 | 2,331,181 |
| Fudnraisig Efficiency Ratio | 2 | 1 | 10 |
| Total Related Party Transactions | 82,851 | 797,572 | 951,781 |
People
At The RICE Company Limited, individuals work together to harness the power of arts in order to benefit underprivileged children and youths within their community. They manage various facilities such as arts centers and creative spaces, with a focus on providing opportunities for personal growth and development through artistic expression.
lim yeong seng
tan teck san kelvin
goh colin
tan teck hong pius
genii koh hui peng
chua kheng yeng, jennie
tay tuan hearn alvin
tan xui fen
savitha ramachandran
News
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