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Novum Foundation EIN 92-3370375 Form 990 (PDF) Claim this org

Novum Foundation

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A private foundation based in Houston, TX. It reported about $724K in revenue for 2024. For fiscal year 2024 it reported $724K in revenue, $602K in expenses, and $276K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Houston, TX
Website
www.novumfoundation.org
Filings
2 on file (2023–2024)
Revenue
$724KFY2024
Expenses
$602K
Net assets
$276K
People
4
Filings
2
Updates
0
More identity details & actions ⌄
EIN  92-3370375 Private foundation / grantmaker Houston, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Houston, TX. It reported about $724K in revenue for 2024.
Leadership
Alfredo Vilas · President
Money in and out
$724K revenue, $602K expenses
Bottom line
—
Grants paid & assets · FY2024
Total revenue
$724K
Pt VIII · Ln 12
Total expenses
$602K
Pt IX · Ln 25
Net assets
$276K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $122K
Total assets
276K
deployed as grants and operations
Grants paid
522K
in FY2024
Grants made
16grants
total in period
Payout rate
190%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 16 grants · $522K · 2024–2024
Mission Success of HoustonFY2024$85,869
Elijah's Retreat INCTX · FY2024$51,705
Mensajeros De La PazFY2024$50,000
Austism Speaks INCFY2024$49,771
The Bienvenido Project (funfonavi)FY2024$44,962
National Autistic SocietyFY2024$40,000
Fundacion Innovacion Ortopedica Sin LimitesFY2024$40,000
Amani FoundationFY2024$30,000
Sumando Manos Foundation INCFL · FY2024$20,000
NucleoFY2024$20,000
IntegrarFY2024$18,000
Tiny TickersFY2024$16,560
Monte Azul INCPR · FY2024$15,600
Mumas Renaciendo CorpPR · FY2024$15,000
African People & WildlifeFY2024$15,000
The Menil CollectionFY2024$10,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV4
Average grantPart XV$33K
Median grantPart XV$30K
Largest grantPart XV$86K
Top cause focusNTEEReligion (6%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$724K
FY2024▲ +28%
Expenses
$602K
FY2024▲ +96%
Total assets
$276K
FY2024▲ +35%
Total liabilities
$0
FY2024
Total revenue
$724K
Pt VIII · Ln 12
Total expenses
$602K
Pt IX · Ln 25
Net assets
$276K
Pt X · Ln 32
Total assetsPt II$276K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNovum Foundation
EINHdr · item D92-3370375
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.novumfoundation.org
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFNov 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Alfredo Vilas
President
$0Pt VII · Sec A
Chris Scott
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Novum Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$606K · 84%
Other revenue$67K · 9%
Investment income$51K · 7%
Contributions & grants84%$606K
Other revenue9%$67K
Investment income7%$51K
Total revenueLn 12$724K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.87 Operating & administrative $0.13
Grants & contributions paid87%$522K
Operating & administrative13%$80K
Total functional expensesLn 25$602K

Balance Sheet

Part X · end of year
CashLn 1$276K
Total assetsLn 16$276K
Total liabilitiesLn 26$0
Total net assetsLn 32$276K
Months of cash on handcomputed5.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $276K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $724K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $724K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $724K · Prior year $563K
+28%
Net-asset trend (YoY)
End of year $276K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $724K · Expenses $602K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $276K
—
Net-asset ratio
Net assets $276K · Total assets $276K
100%
People & payroll
Highest Reported Total Compensation
Individual Alfredo Vilas · Reported title President · Highest reported compensation $0 · Total expenses $602K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 28%——

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.

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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)$724K revenue · viewing · ⤓ 990 PDF
FY2023$563K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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