Nonprofit · EIN 98-1051444
GLOBAL HEALTH INVESTMENT CORPORATION
Tax-exempt · NEW YORK, NY 10110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $27,759,830 | $6,847,220 | $20,912,610 | $376,715,238 | $13,980,173 | $362,735,065 |
| December 31, 2023 | 990 | $204,094,277 | $4,352,803 | $199,741,474 | $365,650,768 | $7,244,654 | $358,406,114 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,398,500
- of which government grants
- $10,398,500
- Program service revenue
- $3,648,414
- Investment income
- $14,237,388
- Other revenue
- -$524,472
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,227,402
- Other salaries and wages
- $2,587,112
- Salaries, compensation and benefits (total)
- $4,581,153
- Professional fundraising fees
- $0
- Legal fees
- $344,238
- Accounting fees
- $151,376
- Occupancy
- $128,984
- Travel
- $342,411
- Program services (functional)
- $5,477,776
- Management and general (functional)
- $1,369,444
Balance sheet and other
- Total assets, start of year
- $365,650,768
- Total assets, end of year
- $376,715,238
- Total liabilities, end of year
- $13,980,173
- Net assets, end of year
- $362,735,065
- Net assets without donor restrictions
- $27,415,674
- Net assets with donor restrictions
- $335,319,391
- Gross receipts
- $27,759,830
- Employees
- 14
- Volunteers
- 0
- Year formed
- 2012
- State of legal domicile
- DE
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LABEEB M ABBOUD | CHAIRMAN AND CEO Trustee or director, Officer | 40 | $919,886 | $125,516 |
| CHARLES JEFFREY PETTY | MANAGING DIRECTOR Highest-paid employee | 40 | $581,862 | $87,335 |
| OLAYINKA FAGBAYI | VICE PRESIDENT Highest-paid employee | 40 | $380,480 | $64,787 |
| JOSEPH LEE | PRINCIPAL Highest-paid employee | 40 | $278,614 | $39,801 |
| SHUENN HO BEG MARCH 2024 | HEAD OF LEGAL AND SECRETARY Officer | 40 | $245,672 | $69,418 |
| DEVIN SOK BEG MAY 2024 | HEAD OF SCIENCE Highest-paid employee | 40 | $199,435 | $20,712 |
| EVELYN YANATOS | TREASURER Officer | 10 | $132,000 | $0 |
| PAUL KLINGENSTEIN | DIRECTOR Trustee or director | 1 | $25,000 | $0 |
| GEORGE W WELLDE JR | DIRECTOR Trustee or director | 1 | $25,000 | $0 |
| ARLINA ELMIGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LABEEB M ABBOUD | CHAIRMAN AND CEO Trustee or director, Officer | 40 | $793,636 | $106,972 |
| CHARLES JEFFREY PETTY | MANAGING DIRECTOR Highest-paid employee | 40 | $487,312 | $83,618 |
| OLAYINKA FAGBAYI | VICE PRESIDENT Highest-paid employee | 40 | $353,362 | $58,238 |
| DAMIEN ZADOUR SOGHOIAN | VENTURE PARTNER Highest-paid employee | 40 | $268,765 | $33,629 |
| JOSEPH LEE | PRINCIPAL Highest-paid employee | 40 | $231,029 | $38,671 |
| TRACY SAXTON | VENTURE PARTNER Highest-paid employee | 40 | $117,562 | $7,926 |
| GEORGE W WELLDE JR | DIRECTOR Trustee or director | 1 | $40,000 | $0 |
| PAUL KLINGENSTEIN | DIRECTOR Trustee or director | 1 | $28,000 | $0 |
| ARLINA ELMIGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVELYN YANATOS | TREASURER AND SECRETARY Officer | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 FIFTH AVENUE SUITE 4000, NEW YORK, NY 10110-0002
- In care of
- % LHGP ASSET MANAGEMENT LLP
- Principal officer (990 for 2024)
- LABEEB ABBOUD, 500 FIFTH AVENUE SUITE 5120, NY, NY 10010
- Signed the 990
- EVELYN YANATOS, TREASURER
- Phone
- (646) 775-1981
- Website
- WWW.GHICFUNDS.ORG
- Return prepared by
- EISNER ADVISORY GROUP LLC
Mission
THE MISSION OF THE GLOBAL HEALTH INVESTMENT CORPORATION IS TO CATALYZE THE DEVELOPMENT OF TECHNOLOGIES TO IMPROVE GLOBAL HEALTH AND HEALTH, AND STRENGTHEN GLOBAL HEALTH SECURITY. THE ORGANIZATION SEEKS TO ADVANCE ITS MISSION BY (CONTINUED SCHEDULE O)
Program accomplishments
- IN APRIL 2024, THE GLOBAL HEALTH INVESTMENT CORPORATION (GHIC) HELD THE INITIAL CLOSING OF THE GLOBAL HEALTH SECURITY FUND, L.P. (GHSF) WITH A TOTAL OF $272.589 MILLION IN SUBSCRIPTIONS BY EIGHT INVESTORS, INCLUDING $175 MILLION FROM GHIC SLP, LLC USING FUNDING PROVIDED BY BARDA. AS PART OF THE INITIAL CLOSING, GHIC SLP, LLC CONTRIBUTED TO GHSF ALL ITS INVESTMENTS MADE TO DATE, WHICH CONTRIBUTION FULFILLED IN PART THE CAPITAL COMMITMENTS TO GHSF OF MITRE AND OF GHIC SLP, LLC. AS OF THE END OF 2024, GHSF HAD DEPLOYED $85.4 MILLION IN TOTAL OF ITS INVESTMENT CAPITAL, INCLUDING THOSE INVESTMENTS CONTRIBUTED TO GHSF AT INITIAL CLOSING AND INVESTMENTS MADE SINCE INITIAL CLOSING. (CONTINUED SCHEDULE O) (CONTINUED FROM PART III, 4A) AS PART OF THE INITIAL CLOSING OF GHSF, GHIC MADE ITS FIRST FUND INVESTMENT UNDER ITS CATALYTIC HEALTH INVESTMENT PLATFORM (CHIP), FUNDED BY THE GERMAN GOVERNMENT AFFILIATED DEVELOPMENT BANK KFW, BY COMMITTING $10 MILLION TO GHSF. IN SEPTEMBER 2024, GHIC MADE ITS SECOND FUND INVESTMENT UNDER CHIP BY COMMITTING $5 MILLION TO TRANSFORM HEALTH FUND LLC USING FUNDS PROVIDED BY KFW. IN DECEMBER 2024, KFW AGREED TO INCREASE THE FUNDS AVAILABLE UNDER CHIP FROM 30.5 MILLION TO 40.5 MILLION.ALSO IN 2024, GHIC PUBLICLY ANNOUNCED THE COMMENCEMENT OF THE "FRONTIER FUND," AN INITIATIVE TO IDENTIFY AND ACCELERATE HIGH-POTENTIAL TRANSLATIONAL RESEARCH THROUGH NON-DILUTIVE FUNDING, FUNDED WITH $20 MILLION GRANTED TO THE GHIC BY THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES OFFICE OF THE ASSISTANT SECRETARY FOR PREPAREDNESS AND RESPONSE'S BIOMEDICAL ADVANCED RESEARCH AND DEVELOPMENT AUTHORITY ("BARDA") UNDER AN OTHER TRANSACTION AGREEMENT ("OTA"), AND SELECTED ITS FIRST TWO AWARD RECIPIENTS FOR FUNDING UNDER THE FRONTIER FUND.Expenses $5,477,776 · revenue $3,648,414
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 98-1051444
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E12)
- Assets (IRS master file)
- $376,715,238
- Income (IRS master file)
- $27,759,830
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $27,759,830 | $6,847,220 | $376,715,238 | XML |
| 990 | December 2023 | $204,094,277 | $4,352,803 | $365,650,768 | XML |
| 990 | December 2022 | $69,598,791 | $4,087,500 | $172,792,060 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 98-1051444).
Questions about GLOBAL HEALTH INVESTMENT CORPORATION
- What is the EIN of GLOBAL HEALTH INVESTMENT CORPORATION?
- The employer identification number (EIN) of GLOBAL HEALTH INVESTMENT CORPORATION is 98-1051444.
- Is GLOBAL HEALTH INVESTMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2015.
- Are donations to GLOBAL HEALTH INVESTMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GLOBAL HEALTH INVESTMENT CORPORATION 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 GLOBAL HEALTH INVESTMENT CORPORATION 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 GLOBAL HEALTH INVESTMENT CORPORATION 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 GLOBAL HEALTH INVESTMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names LABEEB ABBOUD.
- Who are the officers and directors of GLOBAL HEALTH INVESTMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 9 received compensation from the organization, the highest $919,886 (LABEEB M ABBOUD, CHAIRMAN AND CEO).
- How much revenue does GLOBAL HEALTH INVESTMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $27,759,830, expenses of $6,847,220 and total assets of $376,715,238 at year end.
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