Vivian & Paul Olum Charitable Foundation
Vivian & Paul Olum Charitable Foundation: Consistent Grantmaking, Minimal Overhead
EIN: 222559174 · Sharon, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $604K |
| Program Spending | 99% |
| Net Assets | $4.4M |
| Transparency Score | 85/100 |
Is Vivian & Paul Olum Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vivian & Paul Olum Charitable Foundation directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vivian & Paul Olum Charitable Foundation
Vivian & Paul Olum Charitable Foundation (EIN: 222559174) is a nonprofit organization based in Sharon, MA. The organization reported total revenue of $1.4M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vivian & Paul Olum Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vivian & Paul Olum Charitable Foundation is a mid-size nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $604K |
| Surplus / Deficit | $-536,749 |
| Total Assets | $4.4M |
| Total Liabilities | $1 |
| Net Assets | $4.4M |
| Operating Margin | -793.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 88.3 months |
Financial Health Grade: B
In 2023, Vivian & Paul Olum Charitable Foundation reported a deficit of $537K with expenses exceeding revenue, holds 88.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Vivian & Paul Olum Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -73.5% | +26.8% | -10.6% |
| 2022 | -16.8% | -23.2% | -4.2% |
| 2021 | -89.2% | -26.7% | -5.7% |
| 2020 | +787.7% | +68.5% | +57.1% |
| 2019 | -31.8% | +57.3% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vivian & Paul Olum Charitable Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Vivian & Paul Olum Charitable Foundation allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $537K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting that key personnel may be unpaid or compensated through other means not detailed in these filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Vivian & Paul Olum Charitable Foundation's IRS 990 filings:
- Lack of detailed information regarding the nature of programs funded, beyond general grantmaking.
- Significant decrease in assets from $5,510,075 in 2020 to $4,746,662 in 2023 without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Vivian & Paul Olum Charitable Foundation:
- Extremely low administrative and fundraising costs, indicating efficient use of funds.
- Consistent grantmaking activity over multiple years.
- Substantial asset base of $4,746,662 as of 2023, providing long-term stability.
Frequently Asked Questions about Vivian & Paul Olum Charitable Foundation
Is Vivian & Paul Olum Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Vivian & Paul Olum Charitable Foundation (EIN: 222559174) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Vivian & Paul Olum Charitable Foundation spend its money?
Vivian & Paul Olum Charitable Foundation directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vivian & Paul Olum Charitable Foundation tax-deductible?
Vivian & Paul Olum Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 222559174). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vivian & Paul Olum Charitable Foundation located?
Vivian & Paul Olum Charitable Foundation is headquartered in Sharon, Massachusetts and files with the IRS under EIN 222559174.
How many years of IRS 990 filings does Vivian & Paul Olum Charitable Foundation have?
Vivian & Paul Olum Charitable Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
What does Vivian & Paul Olum Charitable Foundation do?
Vivian & Paul Olum Charitable Foundation is a nonprofit organization in the Unknown sector, located in Sharon, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Vivian & Paul Olum Charitable Foundation have?
Vivian & Paul Olum Charitable Foundation reported total revenue of $1,362,041. Based on 10 IRS 990 filings on record.
What are Vivian & Paul Olum Charitable Foundation's total assets?
Vivian & Paul Olum Charitable Foundation holds total assets of $4,746,662 as reported in IRS 990 filings.
Where is Vivian & Paul Olum Charitable Foundation located?
Vivian & Paul Olum Charitable Foundation is based in Sharon, Massachusetts.
What is Vivian & Paul Olum Charitable Foundation's EIN?
Vivian & Paul Olum Charitable Foundation's Employer Identification Number (EIN) is 222559174. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Vivian & Paul Olum Charitable Foundation?
Vivian & Paul Olum Charitable Foundation is classified under NTEE code Unknown (Unknown).
Is Vivian & Paul Olum Charitable Foundation a registered 501(c)(3)?
Vivian & Paul Olum Charitable Foundation appears in IRS records (EIN: 222559174). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Vivian & Paul Olum Charitable Foundation file IRS Form 990?
Yes, Vivian & Paul Olum Charitable Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Vivian & Paul Olum Charitable Foundation's revenue in 2023?
In the 202312 filing period, Vivian & Paul Olum Charitable Foundation reported total revenue of $67,669, total expenses of $604,418, and net assets of $4,447,858.
Is Vivian & Paul Olum Charitable Foundation's revenue growing or declining?
Vivian & Paul Olum Charitable Foundation's revenue is declining. Revenue went from $255,804 (202212) to $67,669 (202312), a -73.5% change. Based on 10 filings on record.
What is Vivian & Paul Olum Charitable Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Vivian & Paul Olum Charitable Foundation covers tax period 202312. It shows revenue of $67,669, expenses of $604,418, total assets of $4,447,858, and liabilities of $1.
How much does Vivian & Paul Olum Charitable Foundation spend on programs vs administration?
Based on IRS 990 analysis, Vivian & Paul Olum Charitable Foundation allocates approximately 99% of expenses to program services, 1% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is Vivian & Paul Olum Charitable Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Vivian & Paul Olum Charitable Foundation appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Vivian & Paul Olum Charitable Foundation?
The following concerns were identified: Lack of detailed information regarding the nature of programs funded, beyond general grantmaking.. Significant decrease in assets from $5,510,075 in 2020 to $4,746,662 in 2023 without clear explanation in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Vivian & Paul Olum Charitable Foundation's strengths?
Positive indicators for Vivian & Paul Olum Charitable Foundation include: Extremely low administrative and fundraising costs, indicating efficient use of funds.. Consistent grantmaking activity over multiple years.. Substantial asset base of $4,746,662 as of 2023, providing long-term stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Vivian & Paul Olum Charitable Foundation compensate executives?
Executive compensation is not reported in the provided data, suggesting that key personnel may be unpaid or compensated through other means not detailed in these filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% fundraising costs, how does the foundation identify and engage with potential grantees or manage its grantmaking process?
The absence of fundraising costs suggests the foundation likely operates with a private or family-based funding model, potentially identifying grantees through direct relationships, unsolicited proposals, or a focused mission without public solicitation.
What is the primary reason for the notable decrease in assets from 2020 to 2023, and how does this impact future grantmaking capacity?
The asset decrease from $5,510,075 in 2020 to $4,746,662 in 2023 could be due to increased grant distributions, investment losses, or a combination. While still substantial, a continued decline without offsetting revenue could eventually impact the scale of future grantmaking.
Filing History
IRS 990 filing history for Vivian & Paul Olum Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Vivian & Paul Olum Charitable Foundation's revenue has grown by 333%, moving from $16K to $68K. Total assets increased by 39.1% over the same period, from $3.2M to $4.4M. Total functional expenses rose by 276.1%, from $161K to $604K. In its most recent filing year (2023), Vivian & Paul Olum Charitable Foundation reported a deficit of $537K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $68K | $604K | $4.4M | $1 | — | — |
| 2022 | $256K | $477K | $5.0M | $1 | — | View 990 |
| 2021 | $307K | $621K | $5.2M | $1 | — | — |
| 2020 | $2.8M | $847K | $5.5M | $1 | — | — |
| 2019 | $321K | $503K | $3.5M | $1 | — | View 990 |
| 2015 | $471K | $319K | $3.2M | $1 | — | View 990 |
| 2014 | $413K | $369K | $3.0M | $1 | — | View 990 |
| 2013 | $97K | $175K | $3.0M | $1 | — | View 990 |
| 2012 | $104K | $237K | $3.1M | $1 | — | View 990 |
| 2011 | $16K | $161K | $3.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $68K, expenses of $604K, and assets of $4.4M (revenue -73.5% year-over-year).
- 2022: Revenue of $256K, expenses of $477K, and assets of $5.0M (revenue -16.8% year-over-year).
- 2021: Revenue of $307K, expenses of $621K, and assets of $5.2M (revenue -89.2% year-over-year).
- 2020: Revenue of $2.8M, expenses of $847K, and assets of $5.5M (revenue +787.7% year-over-year).
- 2019: Revenue of $321K, expenses of $503K, and assets of $3.5M (revenue -31.8% year-over-year).
- 2015: Revenue of $471K, expenses of $319K, and assets of $3.2M (revenue +14.0% year-over-year).
- 2014: Revenue of $413K, expenses of $369K, and assets of $3.0M (revenue +326.3% year-over-year).
- 2013: Revenue of $97K, expenses of $175K, and assets of $3.0M (revenue -6.4% year-over-year).
- 2012: Revenue of $104K, expenses of $237K, and assets of $3.1M (revenue +562.5% year-over-year).
- 2011: Revenue of $16K, expenses of $161K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vivian & Paul Olum Charitable Foundation:
Data Sources and Methodology
This transparency report for Vivian & Paul Olum Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.