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Nonprofiteer
← VIETHOPE INC

Form 990 for tax year 2024

Filed by VIETHOPE INC.

Totals

Total revenue
$166,583
Total expenses
$156,194
Contributions and grants received
$157,919
Grants paid
$80,581
Program service revenue
$0
Investment income
$8,664
Other revenue
$0
Total assets, end of year
$753,328
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$753,328
Program services expenses (Part IX)
$117,941
Management and general expenses
$23,032
Fundraising expenses
$15,221
Program service expenses (Part III)
$117,941

Program services were 75.5% 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.

  • 1a · Federated campaigns

    $157,919

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $8,664 · related or exempt $8,664 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $80,581 · program services $80,581

  • 5 · Compensation of officers, directors and key employees

    total $48,348 · program services $18,475 · management and general $16,191 · fundraising $13,682

  • 11b · Fees: legal

    total $1,815 · management and general $1,815

  • 11e · Fees: professional fundraising services

    total $1,539 · fundraising $1,539

  • 11g · Fees: other

    total $0

  • 14 · Information technology

    total $1,216 · management and general $1,216

  • 16 · Occupancy

    total $205 · management and general $205

  • 19 · Conferences, conventions and meetings

    total $1,159 · program services $1,159

  • 24a · Other expenses: Administrative Expense - Personnel

    total $3,605 · program services $0 · management and general $3,605 · fundraising $0

  • 24b · Other expenses: Award ceremonies

    total $1,910 · program services $1,910 · management and general $0 · fundraising $0

  • 24c · Other expenses: Other Program Operations Services

    total $15,816 · program services $15,816 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,721 · end of year $53,543

  • 2 · Savings and temporary cash investments

    beginning of year $40,265 · end of year $37,351

  • 11 · Investments: publicly traded securities

    beginning of year $560,572 · end of year $662,434

  • 27 · Net assets without donor restrictions

    beginning of year $652,558 · end of year $753,328

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

Create educational opportunities in Vietnam

  • Granted 160 Merit Scholarships to students in grades 6-12. These students were selected for their exceptional academic record and financial need.

    Expenses $22,285 · Grants $20,800

  • Granted 163 VSDP University Scholarships to college students. These students were selected on the basis of financial needs and academic and leadership potential.

    Expenses $74,015 · Grants $56,781

  • YDP (Youth Development Program), YWP (Youth Workshop Program), ADP (Alumni Development Program), MDP and VSDP Operations, VH Fellows Program, and 50% of Salary Breakout designated as Program Cost.

    Expenses $21,641 · Grants $3,000

As filed on the 2024 return.

Listed in Part VII

  • Ha Huynh

    VN Executive Director

    Total calculated
    $33,727
    From this org
    $0
    From related orgs
    $0
    Other
    $33,727
    Hours/week
    40
  • Dong Le

    VN Program Director

    Total calculated
    $11,420
    From this org
    $0
    From related orgs
    $0
    Other
    $11,420
    Hours/week
    40
  • Thanh Nguyen

    VN Marketing Director

    Total calculated
    $3,201
    From this org
    $0
    From related orgs
    $0
    Other
    $3,201
    Hours/week
    20
  • Tung Do

    Technology and Administration Chair

    Total calculated
    $0
    Hours/week
    1
  • Mai Duong

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Vy Truong

    Fundraising Chair

    Total calculated
    $0
    Hours/week
    1
  • Tam Nguyen

    Financial Chair

    Total calculated
    $0
    Hours/week
    1
  • Quang Tran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anh Tran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Quang Duong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sam Nguyen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tue Nguyen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
30 April 2025
IRS schema version
2024v5.0
Source object
202511219349301671

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