Obx Inc
- Assets
- $9.2m
- Revenue
- $281.1k
- Investments
- $9.1m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 04/1993
- Data as of
- 11/2023
- EIN
- 11-3089277
Organization Overview
Obx Inc is located in Palm Beach, FL. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Obx Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2023, Obx Inc generated $281.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $656.0k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Obx Inc has awarded 82 individual grants totaling $2,932,755. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,268 |
| Dividends & Interest | $355,124 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$91,354 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,094 |
| Total Revenue | $281,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,026 |
| Total operating and administrative expenses | $17,026 |
| Contributions, gifts, grants paid | $639,000 |
| Total expenses and disbursements | $656,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445 |
| Savings and temporary cash investments | $181,861 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,238,981 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Obx Inc has awarded $639,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
TURNING POINT FOUNDATION PURPOSE: CIVIC | $50,000 |
THE MANHATTAN INSTITUTE PURPOSE: CIVIC | $30,000 |
STAND PURPOSE: CIVIC | $60,000 |
PRAGER UNIVERSITY PURPOSE: EDUCATIONAL | $50,000 |
MEALS ON WHEELS PURPOSE: CIVIC | $500 |
BETHESDA BY THE SEA PURPOSE: RELIGIOUS | $7,500 |