Vietnamese American Foundation

The Vietnamese American Foundation is a nonprofit organization designated as a 501(c)(3) entity, allowing donations to be tax-deductible. The organization is categorized under various exemption purposes, including religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition, or the prevention of cruelty to children or animals.

Financial Overview

As per the most recent available tax filings, the Vietnamese American Foundation derives its revenue primarily from contributions. For instance, in its fiscal year ending December 2019, the organization received $44,741 in contributions, which comprised 100% of its total revenue. In the fiscal year ending December 2018, it received $157,405 from similar sources. The organization reported no liabilities and held total assets of $20,971 as of December 2019[1].

Governance

Key personnel, including officers and directors like Thanh Dac Nguyen, who serves as Director and Chairman, do not receive compensation for their roles. This aligns with the organization's focus on maximizing its resources for its mission and objectives[1].

Mission and Activities

However, specific details about the Vietnamese American Foundation's mission, objectives, or activities are not readily available in public domains. Generally, such organizations focus on community service, cultural preservation, education, or charitable causes relevant to their constituency.

Tax Filings

The Vietnamese American Foundation files annual Form 990 with the IRS, which provides detailed financial and operational information about the organization. These filings are crucial for maintaining transparency and compliance with tax-exempt regulations[1].