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← FRIENDS OF LITTLE SAIGON SEATTLE FLS-S

Form 990 for tax year 2023

Filed by FRIENDS OF LITTLE SAIGON SEATTLE FLS-S.

Totals

Total revenue
$1,279,843
Total expenses
$1,250,965
Contributions and grants received
$1,152,146
Grants paid
$26,653
Program service revenue
$118,647
Investment income
$13
Other revenue
$9,037
Total assets, end of year
$7,823,251
Total liabilities, end of year
$6,724,879
Net assets or fund balances, end of year
$1,098,372
Program services expenses (Part IX)
$1,130,683
Management and general expenses
$110,723
Fundraising expenses
$9,559
Program service expenses (Part III)
$1,130,683

Program services were 90.4% 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.

  • 1c · Fundraising events

    $9,545

  • 1e · Government grants (contributions)

    $871,286

  • 1f · All other contributions, gifts and grants

    $271,315

  • 1g · Noncash contributions included above

    $28,415

  • 2a · Program service revenue: RENTAL INCOME

    total $74,068 · related or exempt $74,068

  • 2b · Program service revenue: PROGRAM FEES

    total $44,579 · related or exempt $44,579

  • 3 · Investment income

    total $13 · excluded $13

  • 8a · Fundraising events: gross income

    $2,969

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

    $9,545

  • 8b · Fundraising events: direct expenses

    $2,969

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $16,260

  • 10b · Cost of goods sold

    $7,223

  • 10c · Net income from sales of inventory

    total $9,037 · related or exempt $9,037

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,653 · program services $26,653

  • 5 · Compensation of officers, directors and key employees

    total $79,526 · program services $71,946 · management and general $6,984 · fundraising $596

  • 7 · Other salaries and wages

    total $202,785 · program services $183,455 · management and general $17,809 · fundraising $1,521

  • 9 · Other employee benefits

    total $11,745 · program services $10,625 · management and general $1,032 · fundraising $88

  • 10 · Payroll taxes

    total $25,154 · program services $22,756 · management and general $2,209 · fundraising $189

  • 11b · Fees: legal

    total $52,881 · program services $52,881

  • 11c · Fees: accounting

    total $57,128 · program services $20,080 · management and general $37,048

  • 11g · Fees: other

    total $601,427 · program services $601,427

  • 12 · Advertising and promotion

    total $1,621 · program services $1,621

  • 13 · Office expenses

    total $23,494 · program services $20,434 · management and general $3,060

  • 16 · Occupancy

    total $52,469 · program services $29,860 · management and general $22,609

  • 17 · Travel

    total $16,335 · program services $12,602 · management and general $3,733

  • 22 · Depreciation, depletion and amortization

    total $47,768 · program services $35,826 · management and general $4,777 · fundraising $7,165

  • 23 · Insurance

    total $3,060 · program services $263 · management and general $2,797

  • 24a · Other expenses: FOOD

    total $28,415 · program services $28,415

  • 24b · Other expenses: MISCELLANEOUS

    total $10,098 · program services $4,354 · management and general $5,744

  • 24c · Other expenses: PERMITS AND LICENSES

    total $6,622 · program services $6,522 · management and general $100

  • 24d · Other expenses: GIFTS AND APPRECIATION

    total $3,784 · program services $963 · management and general $2,821

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $584,063 · end of year $596,819

  • 2 · Savings and temporary cash investments

    beginning of year $130,002 · end of year $150,015

  • 3 · Pledges and grants receivable

    beginning of year $63,866 · end of year $156,246

  • 8 · Inventories for sale or use

    beginning of year $4,988

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,670 · end of year $2,817

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

    $6,836,958

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

    $145,520

  • 10c · Land, buildings and equipment, net

    beginning of year $319,802 · end of year $6,691,438

  • 15 · Other assets

    beginning of year $259,994 · end of year $225,916

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,746 · end of year $66,955

  • 19 · Deferred revenue

    beginning of year $5,494 · end of year $6,430,123

  • 25 · Other liabilities

    beginning of year $262,651 · end of year $227,801

  • 27 · Net assets without donor restrictions

    beginning of year $1,069,494 · end of year $1,098,372

Mission and programs · 2023

Mission

THE MISSION OF FRIENDS OF LITTLE SAIGON IS TO PRESERVE AND ENHANCE LITTLE SAIGON'S CULTURAL, ECONOMIC, AND HISTORIC VITALITY.

  • COMMUNITY ENGAGEMENT: BI-LINGUAL (ENGLISH AND VIETNAMESE) ENGAGEMENT EMPOWERING LITTLE SAIGON STAKEHOLDERS, INCLUDING RESIDENTS, BUSINESS OWNERS, AND OTHER COMMUNITY MEMBERS, TO ADVOCATE FOR THE COMMUNITY THEY WANT TO SEE. THIS INCLUDES THE LITTLE SAIGON LANDMARK PROJECT (MIXED-USE DEVELOPMENT PROJECT); ENSURING THAT NEIGHBORHOOD DEVELOPMENTS AND CONSTRUCTION BENEFIT THE COMMUNITY; BRIDGING CONNECTIONS BETWEEN COMMUNITY STAKEHOLDERS AND GOVERNMENT AGENCIES; AND ADVOCATING FOR POLICIES AND PLANS TO ADVANCE COMMUNITY GOALS. OVER THE COURSE OF THE YEAR, WE ENGAGED ABOUT 200 STAKEHOLDERS.

    Expenses $768,864 · Grants $18,124 · Revenue $86,826

  • SMALL BUSINESS SUPPORT: WORKING WITH AND SUPPORTING SMALL BUSINESS THROUGH CAPACITY BUILDING, IN-LANGUAGE INFORMATION, AND EVENTS. THIS INCLUDES PROVIDING FREE BI-LINGUAL TECHINCAL ASSISTANCE; REFERRALS; ACCESS TO RESOURCES FOR NEW AND EXISTING BUSINESSES; SMALL BUSINESS INCUBATION FOR BUDDING ENTREPRENEURS AND SMALL BUSINESSES TO TEST OUT THEIR CONCEPTS AND PRODUCTS THROUGH POP-UPS AND RETAIL SPACE AT OUR CULTURAL SPACE. WE DO CONSISTENT OUTREACH TO NEARLY 80 BUSINESSES AND PROVIDE DIRECT ASSISTANCE TO NEARLY 20.

    Expenses $248,751 · Grants $5,864 · Revenue $28,090

  • ARTS & CULTURE: PRESERVING VIETNAMESE CULTURE THROUGH ARTS, LANGUAGE EDUCATION, AND SPECIAL EVENTS. THIS INCLUDES OPERATING OUR CULTURAL SPACE; SEASONAL FESTIVALS AND EVENTS; ROTATING ART EXHIBIT; 10-WEEK VIETNAMESE LANGUAGE COURSE; SMALL BUSINESS AND ARTIST POP-UPS; AND PUBLIC ART PROJECTS. MANY OF THESE ARE OFFERED AT OUR CULTURAL SPACE, AND WE ESTIMATE 48,000 VISITORS IN OUR SPACE PER YEAR.

    Expenses $113,068 · Grants $2,665 · Revenue $12,768

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TAM DINH

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • LEECHING TRAN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • HONG CHHUOR

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • HUY PHAM

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOSHUA BREVOORT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN SCHEELE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VY NGUYEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MYTOAN NGUYEN-AKBAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRANG LE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • QUYNH PHAM

    EXECUTIVE DIRECTOR

    Total calculated
    $79,526
    From this org
    $75,421
    From related orgs
    $0
    Other
    $4,105
    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
2023
Filed
26 August 2024
IRS schema version
2023v5.1
Source object
202442399349301209

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