Viethope INC FY2022 filing

Covina, CA · Public charity (501(c)(3)) · Since 2002 · International

✓ Tax-deductible
Revenue
$67K
-24% vs prior year
Spent
$114K
To programs
68%
Net assets
$572K
By yearFY2020–FY2025
Revenue
$67K
FY2022▼ -24%
Revenue by fiscal year
FY2020$89K
FY2021$88K
FY2022$67K
FY2023$105K
FY2024$167K
FY2025$306K
Expenses
$114K
FY2022▲ +31%
Expenses by fiscal year
FY2020$119K
FY2021$87K
FY2022$114K
FY2023$139K
FY2024$156K
FY2025$221K
Net assets
$572K
FY2022▼ -18%
Net assets by fiscal year
FY2020$589K
FY2021$701K
FY2022$572K
FY2023$653K
FY2024$753K
FY2025$932K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CViethope INC
EINHdr · item D03-0485362
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2004
Year of formationHdr · item L2002
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CCovina, CA
NTEE classificationIRS BMFInternational (Q122)
WebsiteHdr · item Jwww.viethope.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.24 Fundraising $0.09
Program services68%$77K
Management & general24%$27K
Fundraising9%$10K
Total functional expensesLn 25$114K

Financial health

Is it on solid ground?

Program efficiency
68%
of spending reaches programs
Operating runway
60.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-69%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$572K
FY2022▼ -18%
Total assets by fiscal year
FY2020$589K
FY2021$701K
FY2022$572K
FY2023$653K
FY2024$753K
FY2025$973K
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$41K
Revenue less expensesPt I · Ln 19−$47K
Total assetsPt X · Ln 16$572K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$68K
Total assetsLn 16$572K
Total liabilitiesLn 26$0
Total net assetsLn 32$572K
Months of cash on handcomputed7.1

Statement of Revenue

Part VIII
Contributions & grants$60K · 89%
Investment income$8K · 11%
Contributions & grants89%$60K
Investment income11%$8K
Total revenueLn 12$67K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $572K · Operating expenses/yr $114K
60.3 months
Where the money goes
Program services
Program services $77K · Total expenses $114K
68%
Management & General
Management & general $27K · Total expenses $114K
24%
Fundraising
Fundraising $10K · Total expenses $114K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $74K
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $60K · Total revenue $67K
89%
Government reliance
Government grants $0 · Total revenue $67K
0%
Earned-income share
Program service revenue $0 · Total revenue $67K
0%
Investment reliance
Investment income $8K · Total revenue $67K
+11%
Program self-sufficiency
Program service revenue $0 · Total expenses $114K
0%
Growth & trend
Revenue growth (YoY)
This year $67K · Prior year $88K
-24%
Net-asset trend (YoY)
End of year $572K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $67K · Expenses $114K
-69%
Liabilities-to-Assets
Total liabilities — · Total assets $572K
—
Net-asset ratio
Net assets $572K · Total assets $572K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $505K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $572K
88%
People & payroll
Highest Reported Total Compensation
Individual Phong Le · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $114K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $27K · Total expenses $114K
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%——
Overhead ratio 24%——
Fundraising cost ratio 16%——
Revenue growth -24%——
Legal fee ratio 0.2%——
Fundraising fee ratio 0.6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Senior Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Viethope INC executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides educational opportunities in Vietnam.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $77K of program spending, described in the organization's own filed words · FY2022.
01

Granted 145 VSDP University Scholarships to college students. These students were selected on the basis of financial needs and academic and leadership potential.

$57Kprogram expense
02

Granted 140 Merit Scholarships to students in grades 6-12. These students were selected for their exceptional academic record and financial need.

$20Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$127K
See all 3 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $306K$221K+84% 990 PDF
FY2024 $167K$156K+59% 990 PDF
FY2023 $105K$139K+56% 990 PDF
FY2022 Viewing $67K$114K-24% 990 PDF
FY2021 $88K$87K-0.9% 990 PDF
FY2020 $89K$119K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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