Huy Viet Foundation
- Assets
- $1.3m
- Revenue
- $97.5k
- Investments
- $1.0m
- Employees
- 0
- Location
- Folsom, CA
- Founding
- 09/2011
- Data as of
- 04/2024
- EIN
- 45-2509443
Organization Overview
Huy Viet Foundation is located in Folsom, CA. The organization was established in 2011. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huy Viet 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 04/2024, Huy Viet Foundation generated $97.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $40.8k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Huy Viet Foundation has awarded 18 individual grants totaling $127,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONTINUED TO OPERATE IT'S SCHOLARSHIP PROGRAM IN VN, WITH EXPANSION OF THE PROGRAM FROM QUANG NGAI PROVINCE INTO SURROUNDING PROVINCES WITHIN CENTRAL VN.NOTICES WERE GIVEN TO JR. HIGH AND HIGH SCHOOLS FOR THE SCHOLARSHIP. THE CRITERIA FOR WINNER SELECTION WAS HIGH SCHOLASTIC STANDING IN CLASS, INDIGENT AND HARDSHIP STATUS OF THE STUDENT'S FAMILY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phuong Thi Vu CEO | 8 | $0 | |
Viet Huy Ho CFO | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $100 |
| Dividends & Interest | $36,778 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,057 |
| Capital Gain Net Income | $75,057 |
| Net ST Capital Gain | $28,282 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$14,394 |
| Total Revenue | $97,541 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $138 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,101 |
| Total operating and administrative expenses | $13,836 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $40,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,379 |
| Savings and temporary cash investments | $267,222 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $413 |
| Other assets | $0 |
| Total assets | $1,318,678 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Huy Viet Foundation has awarded $27,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DIEU NHAN BUDDHIST MEDITATION ASSOCIATION PURPOSE: DONATION | $2,000 |
CORNELL UNIVERSITY PURPOSE: DONATION | $25,000 |