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← VIETNAMESE MINNESOTANS ASSOCIATION

Form 990 for tax year 2024

Filed by VIETNAMESE MINNESOTANS ASSOCIATION.

Totals

Total revenue
$2,189,504
Total expenses
$2,229,151
Contributions and grants received
$0
Grants paid
$15,731
Program service revenue
$2,182,132
Investment income
$7,372
Other revenue
$0
Total assets, end of year
$605,418
Total liabilities, end of year
$33,540
Net assets or fund balances, end of year
$571,878
Program services expenses (Part IX)
$1,975,782
Management and general expenses
$253,369
Fundraising expenses
$0
Program service expenses (Part III)
$1,975,782

Program services were 88.6% 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.

  • 2a · Program service revenue: Personal and home care

    total $2,182,132 · related or exempt $2,182,132

  • 3 · Investment income

    total $7,372 · excluded $7,372

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,400 · program services $15,400

  • 2 · Grants to domestic individuals

    total $331 · program services $331

  • 5 · Compensation of officers, directors and key employees

    total $93,692 · program services $84,491 · management and general $9,201

  • 7 · Other salaries and wages

    total $1,839,222 · program services $1,658,604 · management and general $180,618

  • 9 · Other employee benefits

    total $14,411 · program services $14,411

  • 10 · Payroll taxes

    total $161,213 · program services $145,312 · management and general $15,901

  • 11c · Fees: accounting

    total $38,964 · management and general $38,964

  • 11g · Fees: other

    total $2,511 · program services $2,511

  • 13 · Office expenses

    total $7,780 · program services $6,275 · management and general $1,505

  • 14 · Information technology

    total $1,773 · management and general $1,773

  • 16 · Occupancy

    total $2,804 · program services $1,361 · management and general $1,443

  • 17 · Travel

    total $3,241 · program services $3,241

  • 20 · Interest

    total $275 · program services $275

  • 23 · Insurance

    total $30,962 · program services $30,962

  • 24a · Other expenses: Dues, subscriptions, li

    total $10,823 · program services $8,822 · management and general $2,001

  • 24b · Other expenses: Miscellanous

    total $2,557 · program services $2,557

  • 24c · Other expenses: Bank fees

    total $1,963 · management and general $1,963

  • 24d · Other expenses: Meal and entertainment

    total $1,229 · program services $1,229

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $338,617 · end of year $266,127

  • 2 · Savings and temporary cash investments

    beginning of year $181,770 · end of year $223,835

  • 4 · Accounts receivable

    beginning of year $113,951 · end of year $115,456

  • 10a · Land, buildings and equipment: cost or other basis

    $19,716

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,716

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,813 · end of year $33,540

  • 27 · Net assets without donor restrictions

    beginning of year $611,525 · end of year $571,878

Mission and programs · 2024

Mission

The main purpose of the Vietnamese Minnesotans Association (VMA) is to promote self-sufficiency and well being of Southeast Asians, particularly Vietnamese and their integration into the American society. Furthermore, VMA, a non-profit organization, seeks to promote unity among Asian communities in Minnesota. This agency is dedicated to serve Southeast Asians in the state of Minnesota.

Activities or mission (Part I)

To help Vietnamese immigrants assimilate to American culture.

  • The VMA understands the importance of family, which is a value that runs through many cultures. We also believe in respecting and caring for the elderly, which is why the VMA focuses on PCA and Homecare services. We specialize in helping families provide PCA and homemaking services to their eligible family members. In 2024 VMA has hired many new personal care assistance staff and took on many new clients.

    Expenses $1,975,782 · Grants $15,731 · Revenue $2,182,132

  • VMA was founded in 1992 with the mission to help Vietnamese immigrants assimilate to American culture. Today, the VMA serves all members of the community from all ethnic and cultural backgrounds. However, the majority of our clients are Vietnamese Americans because of our ability to communicate with them in their native language.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Trinh Tranberg

    President

    Total calculated
    $0
    Hours/week
    2

  • Lisa Quick

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Julie Pham

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Binh Luong

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Waite Tranberg

    Executive Director

    Total calculated
    $93,692
    From this org
    $93,692
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2024
Filed
4 August 2025
IRS schema version
2024v5.2
Source object
202542249349300349

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