Research Institution LC
Research Institution LC is a private foundation, based in Springfielf, VA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $4.8M in total assets. In 2025, it made $45K in qualifying distributions.
Research Institution LC at a glance
- Total assets
- $4,808,101
- +3.4% vs 2024
- Revenue (2025)
- $1,758,389
- -49.2% vs 2024
- Qualifying distributions (2025)
- $45,000
- -91.0% vs 2024
- Expenses (2025)
- $1,441,621
- +1.0% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Research Institution LC funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $6K (2021) to $35K (2020). In 2022 it made 2 grants totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Liberty University Lychburg, VA | Research | $5,000 |
| Northcentral University Scottdale, AZ | Study | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions |
|---|---|---|---|---|---|---|
| 2025 | $4,808,101 | $1,758,389 | $1,441,621 | — | — | $45,000 |
| 2024 | $4,650,201 | $3,459,635 | $1,427,822 | — | — | $500,500 |
| 2023 | $250,000 | $2,134,251 | $1,582,952 | — | — | $193,008 |
| 2022 | $992,216 | $958,927 | $865,819 | $10,000 | 2 | $15,160 |
| 2021 | $126,000 | $5,000 | $281,890 | $5,604 | 2 | $356,088 |
| 2020 | — | $382,848 | $445,950 | $35,467 | 1 | — |
| 2019 | $60,276 | $489,000 | $428,724 | — | — | — |
Leadership & Key People
Officers and directors from IRS filings
Research Institution LC is led by Femi Obasun Phd Dba, CEO on every filing since 2023; all 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
Femi Obasun Phd Dba
CEO
On filings since 2023
65 hrs/week
$34K (2023) → $350K (2025)
Gary White
COO Researcher
Direcetor → Director, 2021
Director → COO Researcher, 2023
On filings since 2019
35 hrs/week
$65K (2019) → $76K (2025)
Group Del Db Group One Limited
COO
Directors → Controler, 2022
Controler → COO, 2023
On filings since 2020
75 hrs/week
$67K (2020) → $150K (2025)
Jennifer Chadinha
Vice President
On filings since 2023
45 hrs/week
$25K (2023) → $50K (2025)
Former officers (4)
- Former: Femi Obasun (2019–2022) — President
- Former: Bill Fitzgerald (2020) — Director
- Former: Carle Hunt (2019) — Director
- Former: William B Fitzgerald (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $350K, to Dr Femi Obasun Phd Dba (CEO). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Research Institution LC
How large is Research Institution LC?
Research Institution LC reported $4.8M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $1.8M.
Where does Research Institution LC operate?
Research Institution LC has awarded grants in Arizona, Virginia.
What is Research Institution LC's EIN?
Research Institution LC's EIN (Employer Identification Number) is 82-4585188. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS October 9, 2021)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Research Institution LC's focus areas in our free grants database
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Research Institution LC down — hundreds of funders to go?