NonprofitsGlobal Health Investment Corporation

Health Care

Global Health Investment Corporation

NEW YORK, NY

Total revenue

$27.8M

Total expenses

$6.8M

Net assets

$362.7M

Grants received

EIN

981051444

Tax year

2024

Mission

The corporation is organized and shall be operated exclusively for social (continued schedule o) (continued from form 990, page 1 part i) welfare purposes within the meaning of section 501(c)(4) of the internal revenue code of 1986, as it be amended, including the relief of the poor and distressed or of the underprivileged; the promotion of social welfare and the lessening of the burdens of government. In furtherance of these purposes, the corporation may seek ways to provide affordable financing to support the development of therapeutic drugs & treatments, vaccines, preventatives, diagnostics, and other technologies, products or services to address global health challenges, including without limitation, supporting the development of medical countermeasures and technologies that can help address threats to global health security, all to promote the social welfare of all populations.

Financials

FY 2024

Revenue

Contributions & grants$10.4M
Program service revenue$3.6M
Investment income$14.2M
Other revenue
Total revenue$27.8M

Expenses

Grants paid
Salaries & benefits$4.6M
Fundraising
Other expenses$2.3M
Total expenses$6.8M
Total assets$376.7M
Net assets$362.7M

People

10 listed

NameRoleCompensation

LABEEB M ABBOUD

CHAIRMAN AND CEO

Board

$920K

40 hrs/wk

SHUENN HO BEG MARCH 2024

HEAD OF LEGAL AND SECRETARY

Board

$246K

40 hrs/wk

EVELYN YANATOS

TREASURER

Board

$132K

10 hrs/wk

GEORGE W WELLDE JR

DIRECTOR

Board

$25K

1 hrs/wk

PAUL KLINGENSTEIN

DIRECTOR

Board

$25K

1 hrs/wk

ARLINA ELMIGER

DIRECTOR

Board

1 hrs/wk

CHARLES JEFFREY PETTY

MANAGING DIRECTOR

Staff

$582K

40 hrs/wk

OLAYINKA FAGBAYI

VICE PRESIDENT

Staff

$380K

40 hrs/wk

JOSEPH LEE

PRINCIPAL

Staff

$279K

40 hrs/wk

DEVIN SOK BEG MAY 2024

HEAD OF SCIENCE

Staff

$199K

40 hrs/wk

Independent contractors

FOLEY AND LARDNER LLP

LEGAL

$156K

EBY ENTERPRISES

OUTSOURCE ACCOUNTING AND CONSULTING

$132K

Details

EIN981051444
NTEE codeE12
Subsection04
Ruling date2015-06
Formed2012
Employees14
Volunteers0
GLOBAL HEALTH INVESTMENT CORPORATION — Mission, Financials & Grants Received | Grantivo