Overview
What is Outer Banks Relief Foundation Inc?
The Outer Banks Relief Foundation Inc, situated in Nags Head, North Carolina, is a nonprofit organization that aims to alleviate the financial burdens of individuals residing or working on the Outer Banks. Established in 2005, the foundation has provided relief funding to over 1,400 families, totaling 3.3 million dollars, to cover household expenses during times of hardship due to debilitating diseases, personal tragedies, or major accidents. In 2022, 148 families received 401,994 in funding, marking a 64% increase from the previous year due to improved community awareness and population growth. The foundation directly pays bills to mortgage companies, landlords, utility companies, and auto repair shops, among others, offering families peace of mind and allowing them to focus on recovery. The primary purpose of the Outer Banks Relief Foundation is to provide financial assistance to those in need during challenging times.
Official website here: www.obrf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating.
Outer Banks Relief Foundation Inc has received an 89% score from Charity Navigator, reflecting a solid performance in accountability, finance, and organizational leadership. The majority of its board is independent, and it scores well on financial management with a program expense ratio of 69.36%. This indicates that a significant portion of funds directly supports its programs, showcasing a commitment to effective resource allocation.
The organization excels in leadership and adaptability, achieving a perfect score in this category. It effectively collects and utilizes feedback from stakeholders, indicating a responsive approach to community needs. However, some policies are missing, such as a whistleblower policy and document retention guidelines, which could enhance organizational transparency and accountability.
While the charity demonstrates strong financial health and operational effectiveness, it is important for potential donors and supporters to consider the noted limitations in policy documentation. Overall, Outer Banks Relief Foundation Inc stands out for its strong financial practices and community-focused initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Outer Banks Relief Foundation Inc legitimate?
Outer Banks Relief Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Outer Banks Relief Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $96,582
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Official website here: www.obrf.org
What is the mission statement of Outer Banks Relief Foundation Inc?
The Outer Banks Relief Foundation's primary purpose is to assist individuals who are experiencing financial difficulties due to a debilitating disease or illness or a personal tragedy. The foundation provides financial assistance by paying household bills directly to various service providers on a case-by-case basis, up to the extent of their resources. In 2022, 148 families received relief funding totaling 401,994, an increase of 64% compared to the previous year due to improved community awareness and a growing local population. Since its founding in 2005, the foundation has granted over 3.3 million towards household bills to over 1,400 families in need. This financial assistance provides these families with much-needed respite, peace of mind, and comfort during their challenging times.
Official website here: www.obrf.org
Who is the CEO of Outer Banks Relief Foundation Inc?
Teresa Osborne is the Director of Outer Banks Relief Foundation Inc.
Official website here: www.obrf.org
What is the revenue of Outer Banks Relief Foundation Inc?
Outer Banks Relief Foundation Inc's revenue in 2022 was $560,561.
Official website here: www.obrf.org
Who are the executives of Outer Banks Relief Foundation Inc and what are their salaries?
The average compensation at Outer Banks Relief Foundation Inc during 2022 was $19,316. There are 5 employees at Outer Banks Relief Foundation Inc.
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Official website here: www.obrf.org
Where can I find the form 990 for Outer Banks Relief Foundation Inc?
Outer Banks Relief Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.obrf.org
Learn more at the official website: www.obrf.org
Mission Statement of Outer Banks Relief Foundation Inc
The Outer Banks Relief Foundation Inc is a nonprofit organization with a mission to alleviate the suffering of individuals facing personal tragedies. These tragedies can take the form of serious illnesses, catastrophic injuries, or the loss of a home due to a fire. To accomplish this, the foundation has a primary program that provides relief funding. This involves paying household bills directly to various companies on behalf of those in need, such as landlords, mortgage companies, utility providers, and automobile insurance and loan companies. In 2022, the foundation provided relief funding to 148 families, amounting to 401,994, a significant increase from the previous year due to improved community awareness and a growing local population. Since its establishment in 2005, the Outer Banks Relief Foundation Inc has aided over 1,400 families, contributing a total of 3.3 million towards covering their household expenses during challenging times. The outcomes of these grants have provided these families with respite, peace of mind, and comfort as they focus on their health and well-being.
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Impact
July, 2024
The impact of the Outer Banks Relief Foundation Inc is profound and direct. By providing financial assistance to individuals and families on the Outer Banks of North Carolina facing financial difficulties due to illness or personal tragedy, the Foundation has made a significant difference in the lives of those in need. In 2022 alone, 148 families received a total of $401,994 in relief funding, with payments made directly to essential service providers such as mortgage companies, landlords, utility companies, and auto repair shops. This assistance not only helped cover basic household expenses but also offered much-needed respite, peace of mind, and comfort during difficult times. Since its establishment in 2005, the Foundation has supported 1,400 families with a total of $3.3 million towards household bills, demonstrating a consistent commitment to easing the suffering of those in the community facing personal tragedies.
This information is meant to be a general summary of Outer Banks Relief Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,589
- Program Service Revenue: $17,135
- Gross Receipts: $580,340
Assets and Liabilities:
- Total Assets: $1,830,998
- Total Liabilities: $71,638
- Net Assets: $1,759,360
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$17,135
Organization Details
Founding Year
2005
Phone
(252) 261-2004Principal Officer
Teresa Osborne
Main Address
103 E 8TH STREET, NAGS HEAD, NC, 27959
Website
www.obrf.orgNTEE Category
Code: P60 - Human services
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