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Vietbay INC FY2021 filing

Tax-deductible

Palo Alto, CA501(c)(3)Since 2018Arts & Culture EIN 83-2887496Revenue $1.2M in FY2021Latest return filed May 14, 2026

On file with the IRSvietbay.groupPalo Alto, CATax-exempt since Mar 2019Publicly supported charity — 170(b)(1)(A)(vi)

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To empower Vietnamese communities through cultural celebration, strategic partnerships, and vital philanthropic relief locally and abroad.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $10K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $323K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.1M
To programs
100%
Net assets
$121K
By yearFY2021–FY2025
Revenue
$1.2M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$400K
FY2023$265K
FY2024$297K
FY2025$374K
Expenses
$1.1M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.1M
FY2022$481K
FY2023$146K
FY2024$213K
FY2025$538K
Net assets
$121K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$121K
FY2022$40K
FY2023$159K
FY2024$242K
FY2025$79K

From the FY2021 Form 990 · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.1M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Trang Le
Treasurer
$0Pt VII · Sec A
Duc Ha
Secretary
$0Pt VII · Sec A
Minh DO
Director
$0Pt VII · Sec A
See Vietbay INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and fosters Vietnamese culture for multi-generational American-Vietnamese families.

Questions for Vietbay INC

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Your first name shows with your question. Vietbay INC answers here, for everyone.

3 programs · $1.0M · in their own filed words · FY2021
01

Lotus Foundation and VNHELP in Milpitas California for COVID 19 Relief.We helped 10,000 people for Covid-19 Relief during the lockdown. Our achievements are helping Covid-19 patients and the poor minorities.

$897Kprogram expense
02

Partner with Viet Seeds Foundation to provide the financial support, training, and mentorship that students need to succeed in college and go on to have fulfilling careers.

$141Kprogram expense
03

Newborns of Viet Nam Project

All raised funds were used to train medical staff, strengthen existing hospital-based care, and purchase medical equipment to reduce neonatal mortality in Vietnam.

$9Kprogram expense

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
American Online Giving Foundation INCFY2024$250K
American Endowment FoundationFY2024$48K
Charities Aid Foundation AmericaFY2024$12K
Donor Advised Charitable Giving INCFY2024$10K
Analog Devices FoundationFY2024$579
The Yelp FoundationFY2024$550
Lucas & Lily FoundationFY2024$500
Lu & Nguyen FoundationFY2024$500
Total grants receivedfrom 8 funders$323K
See all 8 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Owns and owesPt X
$121K
net assets · Ln 32
Cash and savingsLn 1–2$121K
Total assetsLn 16$121K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$121K
Cash and savings togetherLn 1–2$121K
Total assetsLn 16$121K
LiabilitiesLn 26$0
Net assetsLn 32$121K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$27K$121K
Total assetsLn 16$27K$121K
LiabilitiesLn 26$0$0
Net assetsLn 32$27K$121K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Total functional expensesLn 25$1.1M$1.1M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $374K$538K−$164K$79K 990 PDF
FY2024Filed with the IRS May 2, 2026 $297K$213K$84K$242K 990 PDF
FY2023Filed with the IRS May 16, 2024 $265K$146K$118K$159K 990 PDF
FY2022Filed with the IRS Nov 22, 2023 $400K$481K−$80K$40K 990 PDF
FY2021 ViewingFiled with the IRS Nov 27, 2023 $1.2M$1.1M$94K$121K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,162,978 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $161,891$1,162,978
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $161,891$1,162,978
I-13 Grants and similar amounts paidPrior year $134,492$1,069,097
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,490$0
I-18 Total expensesPrior year $145,982$1,069,097
I-19 Revenue less expensesPrior year $15,909$93,881
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,162,978 across 3 lines filed
VIII-1a Federated campaigns$1,162,978
VIII-1h Total contributions, gifts and grants$1,162,978
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,162,978
Part IX · Statement of functional expenses $1,069,097 across 1 line filed
IX-1 Grants to domestic organizationsPrograms $1,069,097$1,069,097
IX-25 Total functional expensesPrograms $1,069,097 · Management $0 · Fundraising $0$1,069,097
Part X · Balance sheet $120,786 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $26,905$120,786
X-16 Total assetsStart of year $26,905$120,786
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $26,905$120,786
X-32 Total net assets or fund balancesStart of year $26,905$120,786
X-33 Total liabilities and net assetsStart of year $26,905$120,786
Part XI · Reconciliation of net assets $120,786 net assets at year end
XI-1 Total revenue$1,162,978
XI-2 Total expenses$1,069,097
XI-3 Revenue less expenses$93,881
XI-4 Net assets at start of year$26,905
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$120,786

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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