Obici Healthcare Foundation Inc
- Assets
- $146.9m
- Revenue
- $6.6m
- Investments
- $143.3m
- Employees
- 0
- Location
- Suffolk, VA
- Founding
- 05/1980
- Data as of
- 03/2022
- 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 03/2022, Obici Healthcare Foundation Inc generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $5.4m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Obici Healthcare Foundation Inc has awarded 1,044 individual grants totaling $44,895,126. 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
2022
Describe the Organization's Program Activity:
STRENGTHENING THE SAFETY NET
EARLY CHILDHOOD EDUCATION
CAPACITY BUILDING
HEALTHY BEHAVIORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette C Beuchler President & CEO / Board Secretary | 40 | $171,911 | |
Jessica Mullen Program Officer | 40 | $92,888 | |
Fiona Charles Program Officer | 40 | $84,590 | |
Alonzo Crawley Director Of Finance | 40 | $79,965 | |
Christine Morris Interim CEO | 24 | $77,000 | |
Kelvin Turner Program Officer | 40 | $69,013 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cornerstone Partners Llc | 3/30/22 | $614,316 |
Wittkieffer Inc | 3/30/22 | $76,167 |
The Curtis Group | 3/30/22 | $138,000 |
Catchafire Inc | 3/30/22 | $95,000 |
The Northern Trust Company | 3/30/22 | $106,555 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $84,357 |
| Interest on Savings | $0 |
| Dividends & Interest | $125,832 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,342,753 |
| Capital Gain Net Income | $6,342,753 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,118 |
| Total Revenue | $6,554,060 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $354,964 |
| Other employee salaries and wages | $358,893 |
| Pension plans, employee benefits | $152,086 |
| Interest | $40,193 |
| Taxes | $142,051 |
| Depreciation | $80,461 |
| Occupancy | $87,495 |
| Travel, conferences, and meetings | $22,107 |
| Printing and publications | $30,061 |
| Other expenses | $470,158 |
| Total operating and administrative expenses | $2,525,075 |
| Contributions, gifts, grants paid | $2,911,842 |
| Total expenses and disbursements | $5,436,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,428 |
| Savings and temporary cash investments | $1,548,165 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $8,820 |
| 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 | $12,812 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $135,764,780 |
| Net Land, buildings, and equipment | $1,288,904 |
| Other assets | $397,669 |
| Total assets | $146,896,996 |
| Accounts payable and accrued expenses | $68,022 |
| Grants payable | $819,331 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $935,975 |
| Other liabilities | $690,120 |
| Total liabilities | $2,513,448 |
Grants Awarded
Over the last fiscal year, Obici Healthcare Foundation Inc has awarded $5,282,152 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
Suffolk, VA PURPOSE: INNOVATION GRANT | $500,000 |
Suffolk, VA PURPOSE: STRENGTHENING THE SAFETY NET | $301,951 |
VIRGINIA LEGAL AID SOCIETY INC PURPOSE: INNOVATION GRANT | $250,000 |
CHILDREN'S HEALTH INVESTMENT PROGRAM OF SOUTH HAMPTON ROADS PURPOSE: INNOVATION GRANT | $241,842 |
Suffolk, VA PURPOSE: STRENGTHENING THE SAFETY NET | $201,301 |
UNIVERSITY OF VIRGINIA PURPOSE: EARLY CHILDHOOD EDUCATION | $198,056 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Obici Healthcare Foundation Inc has recieved totaling $66,099.
| Awarding Organization | Amount |
|---|---|
Virginia Early Childhood Foundation Henrico, VA PURPOSE: CHILDHOOD/EDUCATIONAL DEVELOPMENT | $66,099 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Rowan Regional Medical Center Foundation Inc Winston Salem, NC | $63,491,170 | $11,479,503 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Johns Hopkins All Childrens Foundation Inc Baltimore, MD | $150,122,516 | $24,043,790 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Washington Wholesalers Health And Welfare Fund Columbia, MD | $20,227,407 | $10,192,011 |