Voom Foundation EIN 58-2678884

Voom Foundation FY2022 filing

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Provides impartial, sustainable healthcare programs for the underprivileged and underserved. For fiscal year 2022 it reported $234K in revenue, $296K in expenses, and $101K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
College Sta, TX
Website
www.voomfoundation.org
Filings
5 on file (2020–2022)
Revenue
$234KFY2022
Expenses
$296K
Net assets
$101K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  58-2678884 Public charity (501(c)(3)) College Sta, TX
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides impartial, sustainable healthcare programs for the underprivileged and underserved.
Leadership
Adanna Akujuo · Board Member
Money in and out
$234K revenue, $296K expenses
Bottom line
52% program efficiency
Where the money goes · FY2022
Total revenue
$234K
Pt VIII · Ln 12
Total expenses
$296K
Pt IX · Ln 25
Net assets
$101K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$62K
Where spending went · Part IX cols B–D
Program services $0.52 Management & general $0.46 Fundraising $0.02
Program efficiency
52%
of spending reaches programs
Operating runway
5.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-27%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$234K
FY2022▼ -8%
Expenses
$296K
FY2022▲ +66%
Total assets
$137K
FY2022▼ -30%
Total liabilities
$35K
FY2022▲ +8%
Total revenue
$234K
Pt VIII · Ln 12
Total expenses
$296K
Pt IX · Ln 25
Net assets
$101K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$62K
Total assetsPt X · Ln 16$137K
Program-expense ratioPt IX · col B52%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $154K of program spending, described in the organization's own filed words · FY2022.
01

2022 - voom partners with the dame irene okwuosa memorial hospital in oraifite, nigeria to open a new state-of-the art hospital, the dame irene okwuosa memorial HOSPITAL/DIOM, where voom foundation will serve as the medical partner and provide medical expertise to all aspects of healthcare care.

$154Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVoom Foundation
EINHdr · item D58-2678884
Principal addressHdr · item CCollege Sta, TX
WebsiteHdr · item Jwww.voomfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E70)
Ruling yearIRS BMFNov 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Shawn Andaya-Pulliam’s $108K as Executive Dir. is at the 92nd percentile of top reported officer pay among 194 <$100K health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2020
Shawn Andaya-Pulliam$107,970$107,000$79,200

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$233K
Other revenue$1K
Total revenueLn 12$234K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.52 Management & general $0.46 Fundraising $0.02
Program services52%$154K
Management & general46%$136K
Fundraising2%$6K
Total functional expensesLn 25$296K

Balance Sheet

Part X · end of year
CashLn 1$128K
Total assetsLn 16$137K
Total liabilitiesLn 26$35K
Total net assetsLn 32$101K
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $128K · Operating expenses/yr $296K
5.2 months
Where the money goes
Program services
Program services $154K · Total expenses $296K
52%
Management & General
Management & general $136K · Total expenses $296K
46%
Fundraising
Fundraising $6K · Total expenses $296K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $4K · Solicited contributions (2-yr avg) $224K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $233K · Total revenue $234K
100%
Government reliance
Government grants — · Total revenue $234K
Earned-income share
Program service revenue $0 · Total revenue $234K
0%
Investment reliance
Investment income $0 · Total revenue $234K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $296K
0%
Growth & trend
Revenue growth (YoY)
This year $234K · Prior year $253K
-8%
Net-asset trend (YoY)
End of year $101K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $234K · Expenses $296K
-27%
Liabilities-to-Assets
Total liabilities — · Total assets $137K
Net-asset ratio
Net assets $101K · Total assets $137K
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $137K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Adanna Akujuo · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $296K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $111K · Total expenses $296K
37%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 52%
Overhead ratio 46%
Fundraising cost ratio 3%
Revenue growth -8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$6.6M revenue · ⤓ 990 PDF
FY2023$6.0M revenue · ⤓ 990 PDF
FY2022$234K revenue · viewing · ⤓ 990 PDF
FY2021$253K revenue · ⤓ 990 PDF
FY2020$157K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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