Comprehensive foundation profile based on the most recent IRS Form 990 filing
OBX INC is a philanthropic organization based in Palm Beach, Florida, with assets totaling approximately $9.2 million. The foundation focuses on funding initiatives in education, health, and community and economic development. Despite having a revenue of $281,132, its expenses amount to $656,026, indicating a higher expenditure than income. OBX INC supports projects across various cities and states in the United States, including major areas like New York City, Washington DC, and Houston. The organization is led by Oliver R. Grace Jr., who serves as the President without receiving any compensation for his role.
Focus Areas
Geographic Focus
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Financials
+2.6% from previous year
26 grants awarded in 2024
Of total revenue spent on programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $300,000 | TURNING POINT USA | CIVIC | Phoenix, AZ, US | 2023 |
| $225,000 | TURNING POINT USA | CIVIC | Phoenix, AZ, US | 2022 |
| $190,000 | CANCER RESEARCH INSTITUTE | MEDICAL RESEARCH | New york, NY, US | 2023 |
| $168,425 | CANCER RESEARCH INSTITUTE | SCIENTIFIC | New york, NY, US | 2022 |
| $100,000 | NORTH SHORE LAND ALLIANCE | EDUCATION/LITERARY | Oyster bay, NY, US | 2022 |
| $100,000 | S T A N D | EDUCATION/LITERARY | Chesapeake, VA, US | 2022 |
| $100,000 | TURNING POINT FOUNDATION | CIVIC | Phoenix, AZ, US | 2024 |
| $75,000 | PRAGER UNIVERSITY | EDUCATIONAL | Sherman oaks, CA, US | 2023 |
| $60,000 | STAND FOUNDATION | CIVIC | Chesapeake, VA, US | 2023 |
| $60,000 | STAND | CIVIC | Suffolk, VA, US | 2024 |
People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
OR
OLIVER R GRACE JR
| PRESIDENT | $0 | 2024 |
OLIVER R GRACE JR
PRESIDENT
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025