Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 82-3159997

OBASI FOUNDATION INC

Tax-exempt · REISTERSTOWN, MD 21136

Financials

$277K$239K2024
Revenue Expenses · by fiscal year end
Financials of OBASI FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$276,500$239,263$37,237$39,931$2,694$37,237
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$276,500
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$3,000
Occupancy
$9,100
Travel
$441
Program services (functional)
$233,539
Management and general (functional)
$5,724

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$39,931
Total liabilities, end of year
$2,694
Net assets, end of year
$37,237
Net assets without donor restrictions
$37,237
Gross receipts
$276,500
Employees
0
Year formed
2021
State of legal domicile
MD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
VALENCIA WARNOCK KINGCEO
Officer
0$0

Address and contacts

Address (IRS master file)
2004 BONHILL DR, REISTERSTOWN, MD 21136-4230
In care of
% VALENCIA WARNOCK KING
Mailing address (990-N for 2023)
2004 Bonhill Dr, Reisterstown MD 21136
Principal officer (990 for 2024)
VALENCIA WARNOCK KING, 2004 Bonhill Drive, REISTERSTOWN, MD 21136
Principal officer (990-N for 2023)
Valencia Warnock King, 2004 Bonhill Dr, Reisterstown MD 21136
Signed the 990
Valencia Warncock King, CEO
Phone
(202) 386-1781
Return prepared by
KING KING & ASSOCIATES PA

Mission

Obasi Foundation provides centralized resources and assistance to other NFP entities that enables those philanthropic organizations to eliminate operational challenges that inhibit their primary mission goals.

990 for the year ended December 31, 2024

Program accomplishments

  • Program empowered unemployed/underemployed individuals to achieve their CDL credentials; program engaged 60 youths combining cultural heritage and life skills training; program increased the literacy skills of early learners in Pre-K and Kindergarten programs at The Washington School.
    Expenses $233,539 · revenue $276,500

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
82-3159997
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$39,931
Income (IRS master file)
$276,500

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$276,500$239,263$39,931XML
990-N for 2023
Officer: Valencia Warnock King
December 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2021
Officer: Valencia Warnock King
December 31, 2021≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3159997).

Questions about OBASI FOUNDATION INC

What is the EIN of OBASI FOUNDATION INC?
The employer identification number (EIN) of OBASI FOUNDATION INC is 82-3159997.
Is OBASI FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to OBASI FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OBASI FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of OBASI FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OBASI FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of OBASI FOUNDATION INC?
The 990 for the year ended December 31, 2024 names VALENCIA WARNOCK KING.
Who are the officers and directors of OBASI FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does OBASI FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $276,500, expenses of $239,263 and total assets of $39,931 at year end.

Other nonprofits in REISTERSTOWN

All nonprofits in REISTERSTOWN · Maryland · Human services