Form 990 for tax year 2022
Filed by VIETNAMESE INITIATIVES IN ECONOMIC TRAINING.
Totals
- Total revenue
- $418,727
- Total expenses
- $329,316
- Contributions and grants received
- $394,222
- Grants paid
- $0
- Program service revenue
- $24,505
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $255,821
- Total liabilities, end of year
- $56,337
- Net assets or fund balances, end of year
- $199,484
- Program services expenses (Part IX)
- $193,427
- Management and general expenses
- $135,889
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $193,427
Program services were 58.7% 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)
$278,630
-
1f · All other contributions, gifts and grants
$115,592
-
2a · Program service revenue: Other
total $19,103 · related or exempt $19,103
-
2b · Program service revenue: Program service fees
total $5,402 · related or exempt $5,402
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $64,160 · program services $53,716 · management and general $10,444
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $100,238 · program services $50,991 · management and general $49,247
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $8,855 · program services $6,165 · management and general $2,690
-
10 · Payroll taxes
total $13,650 · program services $9,505 · management and general $4,145
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $10,940 · program services $4,500 · management and general $6,440
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $2,542 · management and general $2,542
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $13,200 · program services $8,800 · management and general $4,400
-
17 · Travel
total $2,086 · program services $854 · management and general $1,232
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $3,855 · management and general $3,855
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,500 · management and general $2,500
-
23 · Insurance
total $9,140 · program services $5,099 · management and general $4,041
-
24a · Other expenses: CONTRACT LABOR
total $58,475 · program services $47,212 · management and general $11,263
-
24b · Other expenses: PROGRAM EXPENSES
total $17,127 · program services $390 · management and general $16,737
-
24c · Other expenses: UTILITIES
total $8,994 · program services $4,499 · management and general $4,495
-
24d · Other expenses: TELEPHONE
total $4,047 · program services $967 · management and general $3,080
-
24e · All other expenses
total $9,507 · program services $729 · management and general $8,778
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $44,163 · end of year $149,997
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $151,029 · end of year $104,324
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$17,500
-
10b · Land, buildings and equipment: accumulated depreciation
$17,500
-
10c · Land, buildings and equipment, net
beginning of year $2,500 · end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,500 · end of year $1,500
-
17 · Accounts payable and accrued expenses
end of year $8,807
-
18 · Grants payable
beginning of year $20,269
-
19 · Deferred revenue
beginning of year $25,000 · end of year $20,000
-
24 · Unsecured notes and loans payable
beginning of year $43,849 · end of year $27,530
-
27 · Net assets without donor restrictions
beginning of year $110,074 · end of year $199,484
Mission and programs · 2022
Mission
IETNAMESE INITIATIVES IN ECONOMIC TRAINING WORKS TO DEVELOP EDUCATIONAL AND ECONOMIS TRAINING PROGRAMS, AND ACTS AS A RESOURCE CENTER FOR MINORITY RESIDENTS IN LOUISIANA.
-
VOCA - OFFICE FOR VICTIMS OF CRIME/LOUISIANA COMMISSION ON LAW ENFORCEMENT:THROUGH THE VOCA PROGRAM, THE PROGRAM PROVIDES ADVOCACY AND DIRECT SERVICES TO OUR TARGETED NON-ENGLISH SPEAKING UNDERSERVED AND UNDERREPRESENTED INDIVIDUALS AND COMMUNITIES. VIETNAMESE INITIATIVES IN ECONOMIC TRAINING (VIET) PROVIDED DIRECT SERVICES TO THIER CLINETS DURING THE YEAR.
Expenses $72,667
-
THE FAMILY FIRST PROGRAM RECEIVES FUNDING FROM THE LOUISIANA DEPT. OF CHILDREN & FAMILY SERVICES (DCFS), UNDER THE FAMILY VIOLENCE PREVENTION & INTERVENTION PROGRAMM TO PROVIDE OUTREACH AND EDUCATION SERVICES, INTERPRETING & TRANSLATION, EMPLOYMENT, COUNSELING & REFERRAL SERVICES - TO VICTIMS OF VIOLENCE, SEXUAL ASSAULT AND DATING VIOLENCE.
Expenses $62,128
-
SNAP-SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM - ASSISTED WITH APPLYING FOR FOOD STAMPS ONLINE, AND PERSONAL OR PHONE ASSISTANCE. ASSISTED WITH APPEALING PROCESS, TRANSLATION AND INTERPRETING SERVICES. PROVIDED EDUCATIONA ND OUTREACH ON HEALTHY LIFESTYLE CHANGES AND WELLNESS AND PROVIDED HEALTHY COOKING DEMONSTRATIONS.PARTNERED WITH ORGANIZAITON TO HELP PROMOTE SNAP PROGRAMS.
Expenses $38,242
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lang Le
Executive Dir.
- Total calculated
- $64,160
- From this org
- $64,160
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Terrie Guerin
Chairperson
- Total calculated
- $0
- Hours/week
- 0
-
Vickie Nguyen
Secretary/Treas
- Total calculated
- $0
- Hours/week
- 0
-
Andrew Le
Board member
- Total calculated
- $0
- Hours/week
- 0
-
Samantha Tran
Board member
- Total calculated
- $0
- Hours/week
- 0
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
- 2022
- Filed
- 2 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410169349302856
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