Voom Foundation
- Assets
- $136.8k
- Revenue
- $233.6k
- Investments
- $0.0
- Employees
- 1
- Location
- College Station, TX
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 58-2678884
Organization Overview
Voom Foundation is located in College Station, TX. The organization was established in 2004. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Voom Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Voom Foundation generated $233.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $296.1k during the year ending 12/2022. While expenses have increased by 21.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WHO WE ARE THE VINCENT OBIOMA OHAJU MEMORIAL (VOOM) FOUNDATION WAS ESTABLISHED TO RAISE STANDARD OF CARE AND CREATE A SUSTAINABLE MEDICAL PROGRAM IN NIGERIA. VOOM FOUNDATION WAS BORN FROM THE VISION OF DR. VINCENT OHAJU, CHIEF OF SURGERY & MEDICAL DIRECTOR FOR TRAUMA SERVICES AT CHI ST. JOSEPH HEALTH IN BRYAN, TEXAS. ORIGINALLY FROM THE TOWN OF IHITTE, IN SOUTH EASTERN NIGERIA, DR. OHAJU HAD PERSONALLY WITNESSED THE EFFECTS OF INADEQUATE AVAILABLE MEDICAL CARE ON FRIENDS AND FAMILY. HIS FATHER, VINCENT OBIOMA OHAJU PASSED AWAY IN 1983 AT THE AGE OF 56 DUE TO COMPLICATIONS FROM PULMONARY ASPIRATION. A SIMPLE PROCEDURE SUCH AS BRONCHOSOCOPY READILY AVAILABLE IN EVEN THE SMALLEST HOSPITAL IN THE UNITED STATES COULD HAVE PREVENTED HIS DEMISE. IT WAS A CLOSE AND PERSONAL REMINDER TO DR. OHAJU THAT OVER 95% OF THE PEOPLE IN NIGERIA LIVE WITHOUT ESSENTIAL MEDICAL SERVICES. IN 2016 THE WORLD HEALTH ORGANIZATION RANKED NIGERIA 163 OUT OF 190 COUNTRIES IN HEALTHCARE. THE NIGERIAN HEALTHCARE SYST
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. THIS FACILITY WILL INCLUDE A CATH LAB, BLOOD BANK AND ELECTRONIC RECORD SYSTEM TO BETTER ENHANCE PATIENT EXPERIENCE. IN MAY, A VOOM FOUNDATION OPEN-HEART MEDICAL TEAM VISITED THE HOSPITAL AND PERFORMED SEVEN OPEN-HEART CASES. 2021 - IN SEPTEMBER AND DECEMBER THE VOOM FOUNDATION PERFORMED 7 MEDICAL MISSIONS BRINGING THE TOTAL OF MEDICAL MISSIONS TO 30. THE MEDICAL TEAMS HAVE PERFORMED A TOTAL OF 152 OPEN-HEART PROCEDURES SINCE ITS INCEPTION. EACH VOOM MEDICAL MISSION TYPICALLY INCLUDES A GROUP OF UP TO 15 MEDICAL VOLUNTEERS FROM ACROSS THE NATION - AS WELL AS OTHER COUNTRIES, CANADA, UNITED KINGDOM, AND INDIA AND AFRICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adanna Akujuo Board Member | Trustee | $0 | |
Wanda Elam Board Member | Trustee | $0 | |
Michael Essien Secretary | OfficerTrustee | $0 | |
Greg Goldman Treasurer | OfficerTrustee | $0 | |
Paul Jahn Board Member | Trustee | $0 | |
Raza Kahn Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,541 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,094 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $233,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,987 |
| Compensation of current officers, directors, key employees. | $102,987 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $15,459 |
| Total functional expenses | $296,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,097 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $3,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $136,786 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,334 |
| Total liabilities | $35,334 |
| Net assets without donor restrictions | $101,452 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $136,786 |