Gbc Health Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (H81) the organization is classified as: AIDS Research, under the broad grouping of Medical Research and related organizations. As of 12/2023, Gbc Health Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gbc Health 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 12/2023, Gbc Health Inc generated $800.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GBCHEALTH IS NOT-FOR-PROFIT CORPORATION WHOSE MISSION IS TO INCREASE AND LEVERAGE THE RESOURCES, EXPERTISE, INFLUENCE AND INFRASTRUCTURES OF THE BUSINESS SECTOR TO ADDRESS MAJOR GLOBAL HEALTH CHALLENGES, INCLUDING EMERGING ISSUES SUCH AS NEW PANDEMICS, ANTIMICROBIAL RESISTANCE, AND IMPACT OF CLIMATE CHANGE ON HEALTH. GBCHEALTH ACCOMPLISHES ITS MISSION BY SUPPORTING COMPANIES THROUGH THE FOLLOWING APPROACHES: CONVENING AND CONNECTING BUSINESSES, GOVERNMENTS, MULTILATERALS AND CIVIL SOCIETY FOR THE PURPOSE OF KNOWLEDGE AND IDEA SHARING ON GLOBAL HEALTH, DRIVING THE CREATION OF HIGH-IMPACT PARTNERSHIPS, COLLECTIVE ACTIONS AND COALITIONS; PROVIDING RECOGNITION AND VISIBILITY TO COMPANIES FOR THE GLOBAL HEALTH WORK THEY SUPPORT; CHAMPIONING BEST PRACTICES IN BUSINESS ENGAGEMENTS ON HEALTH; REPRESENTING BUSINESSES IN KEY GLOBAL HEALTH SETTINGS; AND PROVIDING ADVISORY SERVICES AND GUIDANCE TO INDIVIDUAL COMPANIES, AS NEEDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GBCHEALTH ACCOMPLISHES ITS MISSION BY SUPPORTING COMPANIES THROUGH THE FOLLOWING APPROACHES:CONVENING AND CONNECTING BUSINESSES, GOVERNMENTS, MULTILATERALS AND CIVIL SOCIETY FOR THE PURPOSE OF KNOWLEDGE AND IDEA SHARING ON GLOBAL HEALTH; DRIVING THE CREATION OF HIGH-IMPACT PARTNERSHIPS, COLLECTIVE ACTIONS AND COALITIONS; PROVIDING RECOGNITION AND VISIBILITY TO COMPANIES FOR THE GLOBAL HEALTH WORK THEY SUPPORT; CHAMPIONING BEST PRACTICES IN BUSINESS ENGAGEMENTS ON HEALTH; REPRESENTING BUSINESSES IN KEY GLOBAL HEALTH SETTINGS; AND PROVIDING ADVISORY SERVICES AND GUIDANCE TO INDIVIDUAL COMPANIES, AS NEEDED.SINCE 2001, GBCHEALTH WORKED WITH MANY OF THE FORTUNE 500 COMPANIES IN KEY GLOBAL INDUSTRY SEGMENTS, BUILT RELATIONSHIPS WITH GOVERNMENTS AND SEVERAL MULTILATERAL INSTITUTIONS, INCLUDING THE WORLD BANK, UNITED NATIONS AGENCIES, AND THE GLOBAL FUND TO FIGHT AIDS, TUBERCULOSIS AND MALARIA. IN ADDITION, GBCHEALTH SERVED AS THE SECRETARIAT FOR THE CORPORATE ALLIANCE ON MALARIA IN AFRICA ("CAMA").GBCHEALTH CEASED ITS OPERATIONS ON 12/31/2023.GBCHEALTH IS AN EXEMPT ORGANIZATION FOR FEDERAL INCOME TAX PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. GBCHEALTH IS SUPPORTED BY CONTRIBUTIONS AND GRANTS TIED TO SPECIFIC PROJECTS COORDINATED BY GBCHEALTH.IN 2023, GBCHEALTH PROVIDED PROGRAMS AS DESCRIBED BELOW:GBCHEALTH SERVED AS CAMA SECRETARIAT, SPEARHEADING AND COORDINATING CAMA INITIATIVES, MOBILIZING PRIVATE SECTOR STRATEGY AND ACTION ON MALARIA IN THE MOST ENDEMIC REGIONS BY STREAMLINING EFFORTS ACROSS INDUSTRY SECTORS AND COUNTRIES. CAMA IS A COALITION OF COMPANIES FROM VARIOUS INDUSTRIES PARTNERING TO MEET THE GOAL OF MALARIA ELIMINATION IN AFRICA THROUGH KNOWLEDGE-SHARING AND IN-COUNTRY COLLECTIVE ACTION.WEB-BASED AND PRINT COMMUNICATIONS VEHICLESGBCHEALTH PRIORITIZED MULTIMEDIA FORMATS TO ENGAGE WITH AND EXTEND ITS NETWORK OF PARTNERS. GBCHEALTH'S WEBSITE, EMAIL COMMUNICATIONS, SOCIAL MEDIA ACTIVITY AND PRINTED MATERIALS CONTINUED AS RESOURCES FOR COMPANIES WITH NEW AND MORE ENGAGING VIDEO AND AUDIO CONTENT. THE INFORMATION DISSEMINATED BY GBCHEALTH VIA THESE AVENUES PROVIDED COMPANIES WITH THE TOOLS AND KNOWLEDGE NEEDED TO TAKE AN ACTIVE ROLE IN MAKING A DIFFERENCE IN GLOBAL HEALTH. IT SUPPORTED COMPANIES IN THEIR EFFORTS TO UNDERSTAND AND IMPLEMENT BEST PRACTICES. THROUGHOUT THE YEAR, GBCHEALTH RELEASED REFERENCE MATERIALS, INCLUDING NEWSLETTERS, CASE STUDIES OF COMPANY PROGRAMS, IMPLEMENTATION GUIDES, AND PAPERS ON A DIVERSE RANGE OF SUBJECTS, FROM ROUNDTABLE REPORTS TO POLICY ISSUES.ISSUE-DRIVEN SUMMITS, WORKSHOPS AND TELECONFERENCESGBCHEALTH FACILITATED KNOWLEDGE SHARING AND JOINT PLANNING THROUGH REGIONAL AND GLOBAL EVENTS, WORKING GROUPS, ROUND-TABLES & TELECONFERENCES. BASED ON NEED OR CURRENT TRENDS AND CHALLENGES IN GLOBAL HEALTH, GBCHEALTH STAFF ORGANIZED AGENDAS, CONTENT AND FACILITATION OF KNOWLEDGE SHARING ACTIVITIES AND EVENTS WITH A FOCUS ON ACTION AND IMPACT.IN 2023 GBCHEALTH CONTINUED ITS FOCUS ON ADDRESSING MALARIA AND OTHER INFECTIOUS DISEASES BUT ALSO INCREASED EMPHASIS ON HEALTH EQUITY, HEALTH SYSTEMS STRENGTHENING & THE INTEGRATION OF AI & TECHNOLOGY TO ADDRESS FUTURE HEALTH THREATS & PANDEMICS. BUILDING ON THE ENORMOUS IMPACT AND REACH OF THE PRIVATE SECTOR'S RESPONSE TO COVID-19, GBCHEALTH LED DISCUSSIONS WITH BUSINESSES ON PRIVATE FINANCING FOR HEALTH AND STARTED TO DEFINE THE ROLE OF COMPANIES IN TACKLING EMERGING GLOBAL HEALTH ISSUES SUCH AS ANTIMICROBIAL RESISTANCE, FOOD & WATER SECURITY & THE IMPACT OF CLIMATE CHANGE ON HEALTH.GLOBAL HEALTH INNOVATION AWARDSGBCHEALTH AWARDS HAVE BEEN AMONG THE MOST COVETED HONORS IN THE CORPORATE SOCIAL RESPONSIBILITY (CSR) ARENA. THE CORPORATE AWARDS EXEMPLIFY A SPIRIT OF INNOVATION AND HELP SET THE AGENDA FOR ADDRESSING TODAY'S MOST IMPORTANT GLOBAL HEALTH CHALLENGES. AWARD APPLICATIONS UNDERGO A RIGOROUS EVALUATION PROCESS BY A PANEL OF INTERNATIONALLY-RESPECTED JUDGES - A ROTATING GROUP OF EXPERTS DRAWN FROM ACROSS THE PRIVATE, NON-PROFIT, MULTILATERAL AND GOVERNMENTAL SECTORS, AS WELL AS GBCHEALTH'S EXTENSIVE CORPORATE AND NGO NETWORK. IN 2023 GBCHEALTH RECOGNIZED AND CELEBRATED CREATIVE SOLUTIONS BEING IMPLEMENTED BY INSPIRING INDIVIDUALS AND ORGANIZATIONS WHO ARE TRANSFORMING THE OUTCOMES FOR POPULATIONS LOCALLY, NATIONALLY AND GLOBALLY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Aigboje Aig-Imoukhuede Co-Chair | OfficerTrustee | 4 | $0 |
Carmen Villar Member | Trustee | 1 | $0 |
Gary M Cohen Co-Chair | OfficerTrustee | 3 | $0 |
Joy Marini Member | Trustee | 1 | $0 |
Malva E Rabinowitz Member | Trustee | 5 | $0 |
Suprotik Basu Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $39,500 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $758,716 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $798,216 |
Total Program Service Revenue | $0 |
Investment income | $2,152 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $800,368 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $400,252 |
Compensation of current officers, directors, key employees. | $36,423 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $90,905 |
Pension plan accruals and contributions | $3,159 |
Other employee benefits | $18,388 |
Payroll taxes | $45,013 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $68,023 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $269,211 |
Advertising and promotion | $9,592 |
Office expenses | $667 |
Information technology | $4,532 |
Royalties | $0 |
Occupancy | $857 |
Travel | $28,002 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $187,197 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $23,461 |
All other expenses | $1,028 |
Total functional expenses | $1,150,287 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $23,945 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $23,945 |
Accounts payable and accrued expenses | $1,282 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,282 |
Net assets without donor restrictions | $22,663 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $23,945 |
Organization Name | Assets | Revenue |
---|---|---|
Cares Of Ny Inc Saratoga Springs, NY | $8,227,771 | $14,973,146 |
Croi Foundation Pittsburgh, PA | $4,636,591 | $4,560,258 |
Gbc Health Inc New York, NY | $23,945 | $800,368 |
Foundation For Control Of Hiv Drug Resistance Pittsburgh, PA | $367,687 | $207,395 |
Aaron Diamond Aids Research Center For The City Of Ny New York, NY | $3,617,368 | $44,427 |
China Aids Fund Inc New York, NY | $527,610 | -$119,009 |
Fighting Aids Continously Together Allentown, PA | $198,526 | $0 |
Abzyme Research Foundation New York, NY | $341,865 | $0 |