Formation Support For Vietnam
- Assets
- $235.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 27-2071497
Organization Overview
Formation Support For Vietnam is located in Sugar Land, TX. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Formation Support For Vietnam 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 12/2023, Formation Support For Vietnam generated $148.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $184.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OUR PRIMARY PURPOSE IS TO ASSIST THE CATHOLIC PRIESTS AND RELIGIOUS PEOPLE FROM VIETNAM WITH THEIR STUDY AT INSTITUIONS OF HIGHER EDUCATION IN THE UNITED STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
FR Matthew Hy K Nguyen Pssphd Chairperson | 1 | $0 | |
Bishop Michael Barber Sj Stl Member | 0.25 | $0 | |
Dr Franceso Cesareo PHD Member | 0.25 | $0 | |
FR Peter S Kucer Msa Std Member | 0.25 | $0 | |
Liem Thanh Le Executive Director | 20 | $0 | |
Son Ngoc Nguyen CFO | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,219 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $23 |
| Total Revenue | $148,242 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $39,580 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $144,744 |
| Total expenses | $184,324 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $230,097 |
| Other assets | $0 |
| Total assets | $235,004 |
| Total liabilities | $2,309 |
| Net assets or fund balances | $232,695 |