Vietnamese American Scholarship Fund
- Assets
- $5.2m
- Revenue
- $276.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 62-1336969
Organization Overview
Vietnamese American Scholarship Fund is located in Las Vegas, NV. The organization was established in 1989. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Vietnamese American Scholarship Fund 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 12/2022, Vietnamese American Scholarship Fund generated $276.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $65.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO VNHR IN THE EDUCATION OF HUMAN RIGHTS
ASSISTANCE TO MAISON CHANCE IN THE PROTECTION AND EDUCATION OF ORPHANS AND ABANDONED CHILDREN
ENCOURAGE STUDENTS GRADE 1 TO 9 TO BE EMPOWERED TO BE GOOD CITIZENS
PROTECT THE ASSETS OF VASF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doan L Phung Managing Trustee | 12 | $0 | |
Rick N Phung Trustee | 1 | $0 | |
Betsy P Lou Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $313 |
| Dividends & Interest | $68,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $207,102 |
| Capital Gain Net Income | $9,717 |
| Net ST Capital Gain | $197,385 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $276,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,987 |
| Depreciation | $0 |
| Occupancy | $25,634 |
| Travel, conferences, and meetings | $802 |
| Printing and publications | $220 |
| Other expenses | $0 |
| Total operating and administrative expenses | $58,268 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $65,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $224,252 |
| 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 | $3,981,645 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $953,253 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,159,150 |
| 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 |