Voom Foundation
- Assets
- $196.7k
- Revenue
- $253.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Duluth, MN
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 58-2678884
Organization Overview
Voom Foundation is located in Duluth, MN. 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 12/2021, Voom Foundation generated $253.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $178.9k during the year ending 12/2021. While expenses have increased by 16.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSION - VOOM FOUNDATIONS MISSION IS TO PROVIDE IMPARTIAL SUSTAINABLE HEALTHCARE PROGRAMS DEDICATED TO QUALITY, WITH A PARTICULAR INTEREST IN SUPPORTING THE UNDERPRIVILEGED AND UNDERSERVED. VISION - IN THE EFFORT TO FULFILL THIS MISSION AND CONTINUOUSLY IMPROVE OUR PROGRAMS, THE BOARD OF DIRECTORS AND OUR VOLUNTEERS ARE COMMITTED TO THE FOLLOWING VALUES AND PRINCIPLES: VOOM FOUNDATION WILL BE A STATE-OF-THE-SCIENCE HEALTHCARE AND HEALTH ACCESS FACILITATOR FOR ITS INTENDED BENEFICIARIES AND A LEARNING SOURCE FOR OTHERS IN THE PROVISION OF HEALTHCARE TO PATIENTS. THE VINCENT OBIOMA OHAJU MEMORIAL (VOOM) FOUNDATION WAS ESTABLISHED TO RAISE STANDARD OF CARE AND CREATE A SUSTAINABLE MEDICAL INSTITUTION IN NIGERIA. VOOM FOUNDATION WAS BORN FROM THE VISION OF DR. VINCENT OHAJU, 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 MEDIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. 2020 - VOOM FOUNDATION CEASED MEDICAL MISSIONS FOR THE YEAR DUE TO COVID-19 PANDEMIC. UNABLE TO TRAVEL DUE TO RESTRICTIONS, THE VOOM BOARD OF DIRECTORS DILIGENTLY WORKED ON OUR PARTNERSHIP WITHE SIR EMEKA OKWUOSA FOUNDATION TO BUILD THE DAME IRENE OKWUOSA MEMORIAL HOSPITAL, A NEW PRIVATE FACILITY IN ORIAFITE, NIGEIRA. IN AGREEMENT BY BOTH PARTIES, VOOM WILL SERVE AS THE MEDICAL PARTNER FOR THE NEWLY FORMED HOSPITAL. VOOM FOUNDATION SENT FOUR 40FT CONTAINERS OF DONATED MEDICAL EQUIPMENT AND CONSUMABLE SUPPLIES TO ORIAFITE IN PREPARATION FOR THE PROGRAM LAUNCH SCHEDULED IN LATE 2021. VOOM ALSO SENT SEVERAL CONTAINERS OF EQUIPMENT AND SUPPLIES TO THE UNIVERSITY OF CALABAR TEACHING HOSPITAL (UCTH) IN CALABAR, NIGERIA. UCTH CARDIAC PROGRAM IS ALSO SET TO LAUNCH SOMETIMES IN 2021 WHEN TRAVEL INTO THE COUNTRY IS PERMITTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Essien Secretary | OfficerTrustee | $0 | |
Vincent Ohaju Chairman | OfficerTrustee | $0 | |
Greg Goldman Treasurer | OfficerTrustee | $0 | |
Adanna Akujuo Board Member | Trustee | $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 | $31,686 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,669 |
| 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 | $5,721 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,390 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,487 |
| 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 | $8,849 |
| 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 | $9,054 |
| Total functional expenses | $178,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,046 |
| 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 | $196,735 |
| 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 | $32,783 |
| Total liabilities | $32,783 |
| Net assets without donor restrictions | $163,952 |
| 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 | $196,735 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Voom Foundation has recieved totaling $70,080.
| Awarding Organization | Amount |
|---|---|
The Thoracic Surgery Foundation Chicago, IL PURPOSE: EVERY HEART BEAT MATTERS | $70,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $80 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Center Of Fort Dodge Inc Fort Dodge, IA | $15,635,255 | $12,999,102 |
Open Door Health Center Mankato, MN | $13,689,521 | $10,405,065 |
Project Access Inc Milwaukee, WI | $5,986,251 | $7,804,429 |
Wisconsin Sleep Inc Madison, WI | $3,408,651 | $4,687,405 |
Medica Foundation Minnetonka, MN | $70,871,769 | $7,726,701 |
Delta Dental Of Iowa Foundation Johnston, IA | $36,005,552 | $7,640,570 |
Iowa Healthiest State Initiative Des Moines, IA | $2,450,657 | $4,213,390 |
First Person Care Consultants Llc Milwaukee, WI | $3,197,094 | $3,544,736 |
Wisconsin Womens Health Foundation Inc Madison, WI | $6,415,604 | $2,882,617 |
Cultural Wellness Center Minneapolis, MN | $1,841,316 | $3,139,879 |
Northland Healthcare Alliance Bismarck, ND | $3,260,554 | $1,869,484 |
Bridging Brighter Smiles Inc Waukesha, WI | $943,882 | $2,081,549 |