Form 990 for tax year 2023
Filed by VIETNAMESE MINNESOTANS ASSOCIATION.
Totals
- Total revenue
- $1,606,826
- Total expenses
- $1,412,293
- Contributions and grants received
- $0
- Grants paid
- $12,867
- Program service revenue
- $1,606,233
- Investment income
- $593
- Other revenue
- $0
- Total assets, end of year
- $634,338
- Total liabilities, end of year
- $22,813
- Net assets or fund balances, end of year
- $611,525
- Program services expenses (Part IX)
- $1,248,230
- Management and general expenses
- $164,063
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,248,230
Program services were 88.4% 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 $1,606,233 · related or exempt $1,606,233
-
3 · Investment income
total $593 · excluded $593
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $12,000 · program services $12,000
-
2 · Grants to domestic individuals
total $867 · program services $867
-
5 · Compensation of officers, directors and key employees
total $86,400 · program services $77,452 · management and general $8,948
-
7 · Other salaries and wages
total $1,213,300 · program services $1,087,641 · management and general $125,659
-
9 · Other employee benefits
total $15,189 · program services $13,287 · management and general $1,902
-
10 · Payroll taxes
total $14,995 · program services $14,995
-
11c · Fees: accounting
total $3,500 · management and general $3,500
-
11g · Fees: other
total $18,967 · program services $4,550 · management and general $14,417
-
13 · Office expenses
total $7,530 · program services $4,387 · management and general $3,143
-
16 · Occupancy
total $4,330 · management and general $4,330
-
23 · Insurance
total $24,748 · program services $24,748
-
24a · Other expenses: Dues, subscriptions, li
total $10,145 · program services $8,021 · management and general $2,124
-
24b · Other expenses: Miscellanous
total $322 · program services $282 · management and general $40
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $272,924 · end of year $338,617
-
2 · Savings and temporary cash investments
beginning of year $150,174 · end of year $181,770
-
4 · Accounts receivable
beginning of year $77,533 · end of year $113,951
-
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
-
11 · Investments: publicly traded securities
beginning of year $31,006
-
17 · Accounts payable and accrued expenses
beginning of year $33,882 · end of year $22,813
-
27 · Net assets without donor restrictions
beginning of year $497,755 · end of year $611,525
Mission and programs · 2023
Mission
VMA was founded in 1993 with the mission to help Vietnamese immigrants assimilate to American culture.Today the Organization 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.
Activities or mission (Part I)
To help Vietnamese immigrants assimilate to American culture.
-
Assist Vietnamese refugees and immigrants to become self -reliant by providing a variety of support service including in-home personal care,walk in help with translating and notary services.The organization paid for background checks,TB testing and dementia training.
Expenses $1,248,230 · Grants $12,867 · Revenue $1,606,233
As filed on the 2023 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 Loung
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie Waite Tranberg
Executive Director
- Total calculated
- $86,400
- From this org
- $86,400
- 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
-
$10,000
Food shelf support
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403129349300835
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