Vietnamese Youth Educational Association
- Assets
- $29.0k
- Revenue
- $7.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Burke, VA
- Founding
- 09/1981
- Data as of
- 12/2021
- EIN
- 54-1168597
Organization Overview
Vietnamese Youth Educational Association is located in Burke, VA. The organization was established in 1981. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vietnamese Youth Educational Association 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 12/2021, Vietnamese Youth Educational Association generated $7.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $4.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (29.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TEACH VIETNAMESE LANGUAGE AND SAT, PROMULGATE VIETNAMESE CULTURE WITHIN AMERICAN SOCIETY, AND STRENGTHEN TRADITIONAL VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1977, VYEA SUMMER SCHOOL AVERAGED 250 STUDENTS. DUE TO COVID IN 2020 & 2021, ONLY VIRTUAL/ONLINE CLASSES WERE PROVIDED. WE OFFERED BASIC VIETNAMESE LANGUAGE AND SAT CLASSES ONLINE (PROVIDED BOOKS AND SOME PCS) TO THE STUDENTS AND TAICHI CLASS TO THE PARENTS. THESE CLASSES WERE OFFERED YEAR ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hong Le Treasurer | OfficerTrustee | 5 | $0 |
Lap Truong General Secretary | OfficerTrustee | 5 | $0 |
Dung V Hoang President | OfficerTrustee | 5 | $0 |
Trong Nguyen Vice President | OfficerTrustee | 5 | $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 | $7,879 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,879 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $7,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,900 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $276 |
| All other expenses | $0 |
| Total functional expenses | $4,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,994 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,994 |
| 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 | $28,994 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $28,994 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vietnamese Youth Educational Association has recieved totaling $88.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $88 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Washington Nationals Philanthropies Washington, DC | $8,857,322 | $4,334,499 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Peaceplayers International Washington, DC | $2,663,713 | $3,827,781 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Service Year Exchange Inc Washington, DC | $7,358,910 | $7,347,919 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Breakfree Education Columbia, MD | $2,710,082 | $3,378,734 |
Us Dream Academy Inc Silver Spring, MD | $1,470,975 | $3,095,850 |
Skillsusa Foundation Inc Leesburg, VA | $0 | $2,681,875 |
Washington Tennis & Education Washington, DC | $25,495,785 | $2,863,895 |