THE OLEY FOUNDATION INC

EIN: 133194182 501(c)(3)

ALBANY, NY

Total Revenue
$993,449
Total Expenses
$1,268,282
Total Assets
$2,696,293
Net Assets
$2,631,995
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NY
Principal Officer
BETH GORE PHD
Phone
5182625079
Tax Period
2024-10-01 to 2025-09-30

THE OLEY FOUNDATION INC, founded in 1983, is a small nonprofit that reported $993K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 28% operating deficit.

Mission

To enrich the lives of those living with home IV nutrition or tube feeding through advocacy, education, community, and innovation.

Program Service Accomplishments

Program 1
Expenses: $740,584

SPONSORING OF EDUCATIONAL MEETINGS AND PREPARATION AND DISTRIBUTION OF EDUCATIONAL MATERIALS FOR PROFESSIONALS, PATIENTS AND FAMILIES INVOLVED IN HOME PARENTERNAL AND ENTERNAL NUTRITION.

Program 2
Expenses: $216,020

RESEARCH TO INCREASE SCIENTIFIC KNOWLEDGE ABOUT THE LONG- TERM DELIVERY OF NUTRITIONAL SUPPORT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $686,626
Program Service Revenue $272,386
Investment Income $34,437
Other Revenue $0
TOTAL REVENUE $993,449

Expense Breakdown

Grants Paid $0
Salaries & Benefits $857,675
Fundraising Expenses $79,884
Program Expenses $956,604
Other Expenses $410,607
TOTAL EXPENSES $1,268,282

Year-over-Year Comparison

2024 2023 Change
Revenue $993,449 $1,298,283 -0.2%
Expenses $1,268,282 $1,013,838 +0.3%
Net Income $-274,833 $284,445 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
10
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
13
$84,094
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH GORE PHD CEO 40.00
Director
$84,094 $0 $84,094
STEVE ATKINSON Treasurer 2.00
Officer Director
$0 $0 $0
VANESSA KUMPF Director 2.00
Director
$0 $0 $0
LISA EPP RDN President Elect 2.00
Officer Director
$0 $0 $0
JOHN MAHALCHAK Secretary 2.00
Officer Director
$0 $0 $0
DAVID MERCER MD President 2.00
Officer Director
$0 $0 $0
LUCCAS BORGES Director 2.00
Director
$0 $0 $0
SARAH ELLIS Director 2.00
Director
$0 $0 $0
ROY GEORGE Director 2.00
Director
$0 $0 $0
TIM ARENDS Advisor 2.00
Director
$0 $0 $0
SIVAN KINBERG Director 2.00
Director
$0 $0 $0
SHIRLEY HUANG MD Director 2.00
Director
$0 $0 $0
MANPREET MUNDI MD Advisor 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $993,449 $1,268,282 $2,696,293 $-274,833
2024 $1,298,283 $1,013,838 $2,761,242 $284,445
2023 $807,840 $789,997 $2,314,103 $17,843
2022 $713,451 $618,171 $2,313,867 $95,280
2021 $862,345 $477,801 $2,239,501 $384,544
2020 $682,669 $507,554 $1,808,345 $175,115
2019 $957,474 $727,852 $1,590,576 $229,622
2018 $728,102 $622,947 $1,434,864 $105,155
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