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Nonprofiteer
← INTERNATIONAL CHILDREN ASSISTANCE NETWORK INC

Form 990 for tax year 2023

Filed by INTERNATIONAL CHILDREN ASSISTANCE NETWORK INC.

Totals

Total revenue
$2,597,527
Total expenses
$2,046,226
Contributions and grants received
$2,589,241
Grants paid
$447,513
Program service revenue
$0
Investment income
$8,186
Other revenue
$100
Total assets, end of year
$3,321,103
Total liabilities, end of year
$174,334
Net assets or fund balances, end of year
$3,146,769
Program services expenses (Part IX)
$1,531,648
Management and general expenses
$418,858
Fundraising expenses
$95,720
Program service expenses (Part III)
$1,531,648

Program services were 74.9% 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.

  • 1e · Government grants (contributions)

    $1,444,936

  • 1f · All other contributions, gifts and grants

    $1,144,305

  • 3 · Investment income

    total $8,186 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Misc. Income

    total $100 · related or exempt $100 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $100

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $447,513 · program services $447,513

  • 6 · Compensation of disqualified persons

    total $264,375 · program services $264,375 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $885,161 · program services $481,233 · management and general $332,074 · fundraising $71,854

  • 9 · Other employee benefits

    total $4,036 · program services $0 · management and general $4,036 · fundraising $0

  • 10 · Payroll taxes

    total $21,473 · program services $0 · management and general $21,473 · fundraising $0

  • 11c · Fees: accounting

    total $29,739 · program services $17,557 · management and general $12,182 · fundraising $0

  • 11g · Fees: other

    total $188,311 · program services $146,746 · management and general $29,210 · fundraising $12,355

  • 12 · Advertising and promotion

    total $14,669 · program services $13,919 · management and general $0 · fundraising $750

  • 13 · Office expenses

    total $20,211 · program services $16,434 · management and general $3,075 · fundraising $702

  • 14 · Information technology

    total $9,671 · program services $6,578 · management and general $1,251 · fundraising $1,842

  • 16 · Occupancy

    total $7,711 · program services $6,232 · management and general $1,479 · fundraising $0

  • 17 · Travel

    total $111,075 · program services $109,778 · management and general $221 · fundraising $1,076

  • 19 · Conferences, conventions and meetings

    total $2,099 · program services $0 · management and general $2,099 · fundraising $0

  • 23 · Insurance

    total $6,562 · program services $5,112 · management and general $868 · fundraising $582

  • 24a · Other expenses: Training/Staff Board

    total $1,760 · program services $0 · management and general $1,760 · fundraising $0

  • 24b · Other expenses: Misc. Expenses

    total $31,860 · program services $16,171 · management and general $9,130 · fundraising $6,559

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $985,749 · end of year $1,099,527

  • 2 · Savings and temporary cash investments

    beginning of year $339,493 · end of year $564,553

  • 4 · Accounts receivable

    beginning of year $358,969 · end of year $438,387

  • 8 · Inventories for sale or use

    beginning of year $2,971

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,284 · end of year $16,558

  • 11 · Investments: publicly traded securities

    beginning of year $1,023,162 · end of year $1,202,078

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,373 · end of year $15,531

  • 25 · Other liabilities

    beginning of year $97,787 · end of year $158,803

  • 27 · Net assets without donor restrictions

    beginning of year $2,349,431 · end of year $1,631,434

  • 28 · Net assets with donor restrictions

    beginning of year $246,037 · end of year $1,515,335

Mission and programs · 2023

Mission

ICANs mission is to engage, inform and inspire Vietnamese Americans to raise the next generation of caring leaders through culturally responsive social programs, humanitarian work and community-based research

  • Early Childhood ICANs Early Childhood Programs offer a holistic approach to optimal development in children aged 0 to 5. Our dedicated facilitators prioritize a nurturing environment by bridging generational and cultural gaps between caregivers and children. The programs aim to stimulate curiosity, creativitym and critical thinking. Through constructive workshops, ICAN fosters a positive and supportive atmosphere, empowering children with a headstart in their personal and academic journey.

    Expenses $163,961 · Revenue $162,278

  • Youth and Young Adult ICANs youth and Young Adult Programs empower individuals in their formative years, focusing on personal growth, skill development, and community engagement. Our scholarship program, career development opportunities, and mental health support circle provide essential support. Through social impact projects, we foster civic engagment, proparing young individuals to navigate their educational, professional, and prsonal journeys confidently.

    Expenses $34,357 · Revenue $69,720

  • Families and Communities ICANs Family and Community Programs foster unity and resilience, Our family workshops promote open communivation and effective parenting, while community events encourage positive social interactions. Educational initiatives equip individuals with life skills, promoting empowerment and self-suffocoemcu. Through these efforts, ICAN strives to create thriving families and connected communities.

    Expenses $795,299 · Revenue $1,239,301

  • Community-Based Research ICANs community-Based Research Programs drive positive change by collaboratively exploring and addressing local challenges. Grounded in community engagement these initiatives empower our communities through research, inform decision-making, and advocate for evidence-based solutions. ICAN is dedicated to translating reserach into impactful change, fostering sustainable development at the grassroots level.

    Expenses $157,627 · Revenue $334,193

  • Humanitarian ICANs Humanitarian Programs drive positive global impact by addressing social issues, providing swift disaster relief, and fostering sustainable development. Through strategic long-term solutions in education, healthcare, and economic empowerment. ICAN is dedicated to creating positive and lasting change, ensuring that everyone has the opportunity for a dignified and fulfilled life.

    Expenses $292,428 · Revenue $326,441

  • Other Projects

    Expenses $87,976 · Revenue $275,500

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

Listed in Part VII

  • Hoai Ta

    Chairman

    Total calculated
    $0
    Hours/week
    2
  • Ivy Vuong

    Vice Chair

    Total calculated
    $61,273
    From this org
    $61,273
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Quan Pham

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Helen Lam

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • MyLinh HaDo

    Board Member

    Total calculated
    $0
    Hours/week
    4
  • Helen Padolina

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Tuan Nguyen

    Board Member

    Total calculated
    $0
    Hours/week
    0.25
  • Quyen Vuong

    Executive Director

    Total calculated
    $203,102
    From this org
    $203,102
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,102
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $203,102

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349322787

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