Obey Foundation Inc
- Assets
- $235.5k
- Revenue
- $190.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 12/1998
- Data as of
- 12/2022
- EIN
- 13-3985609
Organization Overview
Obey Foundation Inc, operating under the name Drums 4 Life, is located in Charlotte, NC. The organization was established in 1998. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drums 4 Life 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 12/2022, Drums 4 Life generated $190.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $66.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OBEY YOUTHCARE - OBEY YOUTHCARE IN GHANA WEST AFRICA SUPPORTS A HEALTH CLINIC IN BRENU AKYINIM GHANA. OYC SUPPORTED THE BUILDING OF A MATERNITY WARD AT THE HEALTH CLINIC IN 2022. OYC SUPPORTS GROUP GHANA SERVICE TRIPS TO FULFILL SERVICE WORK IN THE AREAS OF HEALTH INSURANCE FOR YOUTH AND ELDERS. MALARIA SCREENING AND TREATMENT.
DRUMS 4 LIFE DRUM CIRCLES - FREE WEEKLY DRUM CIRCLE FOR THE CHARLOTTE NC COMMUNITY. ALL AGES AND SKILL LEVELS ARE WELCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abishai Ben Reuben Board Member | 3 | $0 | |
Cynthia Teiko Board Member | 3 | $0 | |
John Mcgill Board Member | 3 | $0 | |
Cory Scott Board Member | 3 | $0 | |
Kojo Bey Board Member Treasurer | 30 | $0 | |
Nile Bey Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $78,100 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $112,399 |
| Total Revenue | $190,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $642 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,870 |
| Printing and publications | $0 |
| Other expenses | $56,740 |
| Total operating and administrative expenses | $66,252 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $66,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,487 |
| Savings and temporary cash investments | $0 |
| 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 | $62,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $235,487 |
| 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, Obey Foundation Inc has awarded $100,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ACBAW ASSOCIATION FOR COMMUNITY BASED ARTISTS OF WESTCHESTER INC PURPOSE: Capital improvement; weekly African healing circle program; weekly community art program | $25,000 |
SCHOERKE FOUNDATION INC PURPOSE: Support youth wellness programs | $15,000 |
CONSCIENCE STUDIO PURPOSE: Support publication regarding community conflict resolution | $10,000 |
ACBAW ASSOCIATION FOR COMMUNITY BASED ARTISTS OF WESTCHESTER INC PURPOSE: Capital improvement; weekly African healing circle program; weekly community art program | $25,000 |
SCHOERKE FOUNDATION INC PURPOSE: Support youth wellness programs | $15,000 |
CONSCIENCE STUDIO PURPOSE: Support publication regarding community conflict resolution | $10,000 |