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Nonprofiteer
← VIETHOPE INC

Form 990 for tax year 2023

Filed by VIETHOPE INC.

Totals

Total revenue
$104,808
Total expenses
$139,042
Contributions and grants received
$97,235
Grants paid
$80,671
Program service revenue
$0
Investment income
$7,573
Other revenue
$0
Total assets, end of year
$652,558
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$652,558
Program services expenses (Part IX)
$104,370
Management and general expenses
$22,956
Fundraising expenses
$11,716
Program service expenses (Part III)
$104,370

Program services were 75.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $97,235

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $7,573 · related or exempt $7,573 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $80,671 · program services $80,671

  • 5 · Compensation of officers, directors and key employees

    total $47,126 · program services $23,699 · management and general $12,539 · fundraising $10,888

  • 11b · Fees: legal

    total $98 · management and general $98

  • 11e · Fees: professional fundraising services

    total $828 · fundraising $828

  • 13 · Office expenses

    total $5,218 · management and general $5,218

  • 14 · Information technology

    total $528 · management and general $528

  • 19 · Conferences, conventions and meetings

    total $0

  • 24a · Other expenses: Bank Charges

    total $354 · program services $0 · management and general $354 · fundraising $0

  • 24b · Other expenses: Postage

    total $312 · program services $0 · management and general $312 · fundraising $0

  • 24c · Other expenses: Administrative Expense - Personnel

    total $3,907 · program services $0 · management and general $3,907 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59,795 · end of year $51,721

  • 2 · Savings and temporary cash investments

    beginning of year $7,908 · end of year $40,265

  • 11 · Investments: publicly traded securities

    beginning of year $504,654 · end of year $560,572

  • 27 · Net assets without donor restrictions

    beginning of year $572,357 · end of year $652,558

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

Create educational opportunities in Vietnam

  • Granted 140 Merit Scholarships to students in grades 6-12. These students were selected for their exceptional academic record and financial need.

    Expenses $18,555 · Grants $18,555

  • Granted 148 VSDP University Scholarships to college students. These students were selected on the basis of financial needs and academic and leadership potential.

    Expenses $46,467 · Grants $46,467

  • YDP (Youth Development Program), YWP (Youth Workshop Program), ADP (Alumni Development Program), MDP and VSDP Operations, VH Fellows Program, and 50% of Salary Breakout designated as Program Cost.

    Expenses $39,348

As filed on the 2023 return.

Listed in Part VII

  • Ha Huynh

    VN Executive Director

    Total calculated
    $33,034
    From this org
    $0
    From related orgs
    $0
    Other
    $33,034
    Hours/week
    40
  • Dong Le

    VN Director of Programs

    Total calculated
    $10,656
    From this org
    $0
    From related orgs
    $0
    Other
    $10,656
    Hours/week
    40
  • Thanh Nguyen

    VN Marketing Director

    Total calculated
    $3,436
    From this org
    $0
    From related orgs
    $0
    Other
    $3,436
    Hours/week
    20
  • Tung Do

    Technology and Administration Chair

    Total calculated
    $0
    Hours/week
    5
  • Mai Duong

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Vy Truong

    Fundraising Chair

    Total calculated
    $0
    Hours/week
    5
  • Tam Nguyen

    Financial Chair

    Total calculated
    $0
    Hours/week
    5
  • Quang Tran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anh Tran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Quang Duong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sam Nguyen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tue Nguyen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Phong Le

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 April 2024
IRS schema version
2023v5.0
Source object
202441259349300104

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