Vietnam Foundation
- Assets
- $614.6k
- Revenue
- $408.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/2008
- Data as of
- 06/2022
- EIN
- 01-0905269
Organization Overview
Vietnam Foundation is located in Washington, DC. The organization was established in 2008. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vietnam Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Vietnam Foundation generated $408.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $118.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCT EDUCATIONAL ACTIVITIES WITH THE GOAL OF IMPROVING THE LIVES OF THE VIETNAMESE PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN EDUCATION RESOURCE (OER) PROGRAMOUR OER PROGRAM CONTINUES TO BE A RESOUNDING SUCCESS. THE NUMBER OF UNIQUE USERS WHO CONTRIBUTE RESEARCH AND DOWNLOAD MATERIALS AT THE WEBSITE HTTP://VOER.EDU.VN IS 50,000 TO 80,000 PER DAY. IN PEAK PERIOD, THIS NUMBER CAN REACH 100,000 USERS. TO ACCOMMODATE THE RISING CROWD OF USERS, WE HAVE BEEN DEVELOPING FURTHER USER-NEEDED FUNCTIONS FOR OUR HANOI SPRING SOFTWARE AND MAINTAINING STRONG HARDWARE WITH 5 SERVERS AT OUR DATA CENTER. OER TEAM HAVE BEEN IN COLLABORATION WITH SEVERAL UNIVERSITIES TO PROMOTE THE IMPORTANCE, UNDERSTANDING AND USAGE OF OER PLATFORM. TOTAL EXPENSE IS $29,568.07.
KHAN ACADEMY VIETNAM (KAV)KHAN ACADEMY VIETNAMS MISSION IS TO ACCELERATE THE SELF-LEARNING CAPABILITIES OF MORE THAN 22 MILLIONS STUDENTS IN VIETNAM. AT THE SAME TIME, KAV ALSO EQUIPS TEACHERS WITH A POWERFUL LEARNING MANAGEMENT SYSTEM THAT BETTER FACILITATES THE TEACHING AND LEARNING PROCESS, AND ALLOWS PARENTS TO MONITOR THEIR KIDS ACADEMIC PERFORMANCE MORE EASILY AT HOME. MOREOVER, KAV EXPANDS STUDENTS LEARNING OPPORTUNITIES, IN WHICH STUDENTS CAN EASILY HAVE ACCESS TO MATH AND SCIENCE LESSONS IN BOTH VIETNAMESE AND ENGLISH, AS WELL AS FREE SAT PRACTICE. KAVS SUPPORT TO SCHOOLS, TEACHERS AND STUDENTS IS ALWAYS AT NO COST. AUTHORIZED BY KHAN ACADEMY USA SINCE 2020, VNF HAS BEEN LOCALIZING K-12 MATH CONTENTS WHILE SCIENCE, COMPUTING AND LIFE SKILLS SUBJECTS WILL BE OUR NEXT PRIORITIES. WE HAVE BUILT MEANINGFUL ALLIANCES WITH PROMINENT ACADEMIC INSTITUTIONS IN VIETNAM SUCH AS THE VIETNAM NATIONAL INSTITUTE OF EDUCATIONAL SCIENCES, THE VIETNAM INSTITUTE FOR ADVANCED STUDY IN MATHEMATICS, AND LOCAL DEPARTMENTS OF EDUCATION AND TRAINING. THROUGH THESE ALLIANCES, WE ARE ABLE TO ENSURE THAT KATV CONTENTS ARE APPROPRIATELY ALIGNED WITH THE OFFICIAL NATIONAL K-12 CURRICULUM SO KATV CAN HELP STRENGTHEN VIETNAMESE STUDENTS IN THEIR DAILY STUDY. TOTAL EXPENSE IS $26,693.46.IN FINAL ROUND, 16 STUDENTS WERE ACCEPTED TO TOP US GRADUATE SCHOOLS.
SUPPORT FOR SCHOOLS IN UNDERPRIVILEGED AREAS. TOTAL EXPENSE: $16,762.49.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kien Pham President | OfficerTrustee | 10 | $0 |
To-Anh Pham Treasurer | OfficerTrustee | 4 | $0 |
Janet B Abrams Executive Board | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $407,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $407,866 |
| Total Program Service Revenue | $0 |
| Investment income | $503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $29,237 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,613 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,292 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $362 |
| Office expenses | $3,077 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,006 |
| Travel | $8,464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $401 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $118,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $613,625 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $997 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $614,622 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $614,622 |
| Total liabilities and net assets/fund balances | $614,622 |