Obici Healthcare Foundation Inc
- Assets
- $149.3m
- Revenue
- $4.6m
- Investments
- $142.8m
- Employees
- 0
- Location
- Suffolk, VA
- Founding
- 05/1980
- Data as of
- 03/2024
- EIN
- 51-0249728
Organization Overview
Obici Healthcare Foundation Inc is located in Suffolk, VA. The organization was established in 1980. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Obici Healthcare Foundation 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 03/2024, Obici Healthcare Foundation Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $3.4m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Obici Healthcare Foundation Inc has awarded 1,297 individual grants totaling $67,326,155. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
STRENGTHENING THE SAFETY NET
EDUCATION
CAPACITY BUILDING
HEALTHY BEHAVIORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Barclay IV Chairman | 1 | $0 | |
Ralph Howell Jr Vice-Chairman | 1 | $0 | |
Mary Haddad Secretary | 1 | $0 | |
J Wayne Scott Treasurer | 1 | $0 | |
Thomas Woodward III Board Of Directors | 1 | $0 | |
Lynne Rabil Board Of Directors | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cornerstone Partners Llc | 3/30/24 | $575,900 |
The Northern Trust Company | 3/30/24 | $144,640 |
The Curtis Group | 3/30/24 | $114,500 |
Catchafire Inc | 3/30/24 | $110,000 |
Keiter | 3/30/24 | $60,630 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $426,154 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,127,790 |
| Capital Gain Net Income | $4,127,790 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,025 |
| Total Revenue | $4,558,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $396,204 |
| Other employee salaries and wages | $382,231 |
| Pension plans, employee benefits | $187,400 |
| Interest | $29,076 |
| Taxes | $261,081 |
| Depreciation | $78,103 |
| Occupancy | $72,304 |
| Travel, conferences, and meetings | $40,277 |
| Printing and publications | $30,235 |
| Other expenses | $353,327 |
| Total operating and administrative expenses | $2,618,215 |
| Contributions, gifts, grants paid | $791,215 |
| Total expenses and disbursements | $3,409,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $653,626 |
| Savings and temporary cash investments | $4,236,460 |
| Net Accounts receivable | $1,680 |
| 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 | $15,859 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $133,148,058 |
| Net Land, buildings, and equipment | $1,133,567 |
| Other assets | $490,554 |
| Total assets | $149,349,654 |
| Accounts payable and accrued expenses | $106,363 |
| Grants payable | $3,645,544 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $386,424 |
| Other liabilities | $643,126 |
| Total liabilities | $4,781,457 |
Grants Awarded
Over the last fiscal year, Obici Healthcare Foundation Inc has awarded $8,742,765 in support to 120 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR NONPROFIT EXCELLENCE PURPOSE: CAPACITY BUILDING | $218,791 |
MEALS ON WHEELS OF SUFFOLK & ISLE OF WIGHT INC PURPOSE: COMMUNITY ENGAGEMENT GRANT | $5,000 |
EARLY CHILDHOOD WESTERN TIDEWATER PURPOSE: COMMUNITY ENGAGEMENT GRANT | $5,000 |
PARENTS AGAINST BULLYING VA PURPOSE: COMMUNITY ENGAGEMENT GRANT | $5,000 |
ARMED SERVICES YMCA OF HAMPTON ROADS PURPOSE: COMMUNITY ENGAGEMENT GRANT | $5,000 |
COMMUNITY COALITION OF SUSSEX VA PURPOSE: COMMUNITY ENGAGEMENT GRANT | $6,000 |