Obcc Othello Qalicb FY2023 filing

Tax-deductible

Seattle, WA501(c)(3)Since 2020Health CareEIN 85-2793713Revenue $362K in FY2023

On file with the IRSPo Box 5371 Msc 818-Fi, 98145-5005 · Seattle, WATax-exempt since Feb 2021Supporting org, Type III (functionally integrated) — 509(a)(3)

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To further seattle children's hospital's (sch) mission of providing more care, cures, and hope to families by supporting the construction of a new healthcare clinic located within a medically underserved community for use by sch, the supported organization.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $1.5M a year · 37% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16.5M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$33.9M
72% of total assets
Worth a look: liabilities are 72% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$362K
-98% vs prior year
Spent
$3.3M
To programs
99%
Net assets
$13.2M
By yearFY2021–FY2025
Revenue
$362K
FY2023▼ -98%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.5M
FY2022$16.5M
FY2023$362K
FY2024$363K
FY2025$361K
Expenses
$3.3M
FY2023▲ +55%
Tap a bar for its year
Expenses by fiscal year
FY2021$710K
FY2022$2.1M
FY2023$3.3M
FY2024$3.3M
FY2025$3.3M
Net assets
$13.2M
FY2023▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.8M
FY2022$16.1M
FY2023$13.2M
FY2024$10.3M
FY2025$7.4M

From the FY2023 Form 990 (year ending September 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $3.2M Management & general 1% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President (thru 06/23), Treasurer
$0Pt VII · Sec A
Treasurer (thru 06/23)
$0Pt VII · Sec A
President (from 06/23)
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Obcc Othello Qalicb executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds a new healthcare clinic for Seattle Children's Hospital.

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Provided by the organization

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1 program · $3.2M · in their own filed words · FY2022
01

During the fiscal year, obcc othello qalicb (which stands for odessa brown children's clinic at othello - qualified active low-income community business) continued to support the mission of SCH by financing the new healthcare clinic and leasing the clinic property and equipment to SCH.

$3.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$16.5M
Grants paid · 2 grants · $275K · 2020–2020
Careerworks INCWA · FY2020$150,000
Year Up INCMA · FY2020$125,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$362K
Ln 12
Fees for servicesLn 2g$357K
Investment incomeLn 3$5K
Money outPt IX
$3.3M
Ln 25
Programscol B$3.2M
Managementcol C$35K
Owns and owesPt X
$13.2M
net assets · Ln 32
Cash and savingsLn 1–2$691K
Total assetsLn 16$47.1M
LiabilitiesLn 26$33.9M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$357K
Investment incomeLn 3$5K
Total revenueLn 12$362K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$691K
Cash and savings togetherLn 1–2$691K
Land, buildings, equipmentLn 10c$45.8M
Total assetsLn 16$47.1M
LiabilitiesLn 26$33.9M
Net assetsLn 32$13.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$6.8M$691K
Land, buildings, equipmentLn 10c$48.5M$45.8M
Total assetsLn 16$56.0M$47.1M
LiabilitiesLn 26$39.9M$33.9M
Net assetsLn 32$16.1M$13.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$628$628
Accounting feesLn 11c$34K$34K
Other fees for servicesLn 11g$124K$124K
Office expensesLn 13$233$233
InterestLn 20$337K$337K
Depreciation, depletion and amortizationLn 22$2.8M$2.8M
Total functional expensesLn 25$3.3M$3.2M$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $361K$3.3M−$2.9M$7.4M 990 PDF
FY2024 $363K$3.3M−$2.9M$10.3M 990 PDF
FY2023 Viewing $362K$3.3M−$2.9M$13.2M 990 PDF
FY2022 $16.5M$2.1M$14.3M$16.1M 990 PDF
FY2021 $2.5M$710K$1.8M$1.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $361,887 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,466,133$0
I-9 Program service revenuePrior year $0$357,000
I-10 Investment incomePrior year $1,668$4,887
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $16,467,801$361,887
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,117,966$3,282,196
I-18 Total expensesPrior year $2,117,966$3,282,196
I-19 Revenue less expensesPrior year $14,349,835−$2,920,309
Part VI · Governance 3 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $361,887 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $357,000$357,000
VIII-3 Investment incomeExcluded from tax $4,887$4,887
VIII-12 Total revenueRelated to mission $357,000 · Unrelated business $0 · Excluded from tax $4,887$361,887
Part IX · Statement of functional expenses $3,282,196 across 6 lines filed
IX-11b Legal feesManagement $628$628
IX-11c Accounting feesManagement $34,315$34,315
IX-11g Other fees for servicesPrograms $123,756$123,756
IX-13 Office expensesManagement $233$233
IX-20 InterestPrograms $336,800$336,800
IX-22 Depreciation, depletion and amortizationPrograms $2,786,464$2,786,464
IX-25 Total functional expensesPrograms $3,247,020 · Management $35,176 · Fundraising $0$3,282,196
Part X · Balance sheet $47,143,367 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $729$0
X-2 Savings and temporary cash investmentsStart of year $6,758,312$691,031
X-9 Prepaid expenses and deferred chargesStart of year $719,114$696,804
X-10c Land, buildings and equipment, netStart of year $48,541,996$45,755,532
X-16 Total assetsStart of year $56,020,151$47,143,367
X-17 Accounts payable and accrued expensesStart of year $252,600$252,600
X-25 Other liabilitiesStart of year $5,957,276$801
X-26 Total liabilitiesStart of year $39,889,876$33,933,401
X-27 Net assets without donor restrictionsStart of year $16,130,275$13,209,966
X-32 Total net assets or fund balancesStart of year $16,130,275$13,209,966
X-33 Total liabilities and net assetsStart of year $56,020,151$47,143,367
Part XI · Reconciliation of net assets $13,209,966 net assets at year end
XI-1 Total revenue$361,887
XI-2 Total expenses$3,282,196
XI-3 Revenue less expenses−$2,920,309
XI-4 Net assets at start of year$16,130,275
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,209,966

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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