Vo-Vi Friendship Association Of Northern California
- Assets
- $286.3k
- Revenue
- $395.6k
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 04/1993
- Data as of
- 12/2023
- EIN
- 77-0187564
Organization Overview
Vo-Vi Friendship Association Of Northern California is located in San Jose, CA. The organization was established in 1993. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vo-Vi Friendship Association Of Northern California 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, Vo-Vi Friendship Association Of Northern California generated $395.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $360.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING THE PRACTICE OF VO-VI MEDITATION TO REDUCE STRESS AND IMPROVE QUALITY OF LIFE THROUGH LOCAL SEMINAR ANNUAL MEETING DUAL LANGUAGE WEBSITE AND FREE DISTRIBUTION OF MEDITATION MATERIALS TO BENEFIT THE VIETNAMESE COMMUNITY AND ENGLISH-SPEAKING MEMBERS DONATING TO CHARITABLE PROGRAMS TO HELP DISTRESSED PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED ANNUAL MEDITATION CONFERENCE IN PHUKET THAILAND FOR 480 ATTENDEES TO PROMOTE THE PRACTICE OF VO-VI MEDITATION METHOD AND DISCUSS TOPICS TO RELEASE DAILY STRESS IMPROVE QUALITY OF LIFE ATTAIN EQUILIBRIUM AND HAPPINESS. ORGANIZED LOCAL RETREAT AT LOCAL MEDITATION CENTER FOR 100 ATTENDEES TO HELP THEM RECHARGE AND BETTER COPE WITH LIFE CHALLENGES.
DONATED TO CHARITY PROGRAMS TO HELP COMBATING HUNGER AND ILLITERACY AMONG DISADVANTAGED CHILDREN AND ELDERLY. ALL EXPENSES RELY ON DONATIONS FROM OUR VO-VI MEMBERS.
CONTINUING TO MAINTAIN AND IMPROVE OUR DUAL LANGUAGE WEBSITE TO PROVIDE MEDITATION MATERIALS FREE OF CHARGE IN BOTH VIETNAMESE AND ENGLISH LANGUAGE TO SERVE OUR COMMUNITY. ALL EXPENSES RELY ON DONATIONS FROM OUR VO-VI MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mai Nguyen Principal Officer | Officer | 24 | $0 |
Tien Vu Secretary | Officer | 24 | $0 |
Tam Vo Treasurer | Officer | 24 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,790 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $138,774 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,564 |
| Total Program Service Revenue | $253,982 |
| Investment income | $10 |
| 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 | $395,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| 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 | $7,766 |
| Information technology | $5,085 |
| Royalties | $0 |
| Occupancy | $48,478 |
| Travel | $2,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $259,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $360,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,074 |
| 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 | $74,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $286,274 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $286,274 |
| 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 | $286,274 |