VIETNAM FOUNDATION

EIN: 010905269 501(c)(3) International Affairs

WASHINGTON, DC

Total Revenue
$81,489
Total Expenses
$270,201
Total Assets
$524,628
Net Assets
$524,628
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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
DC
Principal Officer
KIEN PHAM
Phone
4082064939
Tax Period
2023-07-01 to 2024-06-30

VIETNAM FOUNDATION, founded in 2008, is a micro nonprofit in the International Affairs sector that reported $81K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $270K exceeded revenue, resulting in a 232% operating deficit.

Mission

THE VIETNAM FOUNDATION IS DEDICATED TO IMPROVING THE LIVES OF THE VIETNAMESE PEOPLE THROUGH EDUCATION BY SUPPORTING EDUCATIONAL TRAINING PROGRAMS AND INTEGRATING TECHNOLOGY INNOVATION. THE VIETNAM FOUNDATION WORKING WITH THE U.S. NATIONAL ACADEMIES BRINGS THE EXPERTISE OF THE U.S. ACADEMIC COMMUNITY TO ASSIST VIETNAM IN THE FIELD OF EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $142,725

Khan Academy Vietnam (KAV)Authorized by Khan Academy USA since 2020, the KAV program aims to help develop the self-study capabilities of 23 million Vietnamese K-12 students by encouraging public...

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Khan Academy Vietnam (KAV)Authorized by Khan Academy USA since 2020, the KAV program aims to help develop the self-study capabilities of 23 million Vietnamese K-12 students by encouraging public schools to implement the KAV Open School online program and helping educational volunteers to launch their own KAV Open Class online program in their communities. In 2023, only 2 years after launch, KAV propelled Vietnam to the ranking of number 3 in school use globally outside of the US. The total online use by Vietnamese students reached 48 million minutes in 2023, which was 4 times that of the year before. More than 1 million Vietnamese students have registered on the KAV Platform and more than 10 thousand teachers have been trained to teach KAV materials across 50 School Districts in the country. In addition, community volunteers have started more than 40 Maths, SAT and other Open Classes to provide learning opportunities for more than 8 thousand independent learners. All of these were done free of charge to schools, students, teachers, and parents. Total expense is $142,725.18

Program 2
Expenses: $41,409

Programs for the BlindSun Flower College Scholarship: This program provides tuition scholarships to all blind students who got admissions into colleges and universities in Ho Chi Minh City. It is the...

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Programs for the BlindSun Flower College Scholarship: This program provides tuition scholarships to all blind students who got admissions into colleges and universities in Ho Chi Minh City. It is the first and only program of its kind. From the beginning with only 4 scholarships recipients, we now have helped hundreds of scholars to attend college and graduate with bachelor, master and doctoral degrees. This year, we supported 49 scholars. Most of them are from poor families where their blindness is an extra burden. Many of the scholars are second or third generation victims of Agent Orange that was used during the Vietnam War. The graduates of our program are leading giving productive lives across Vietnam. They are teachers, NGO leaders, business owners, performing artists, and even local officials. They are shining examples of what one can do through education. Laptops for Students: To invest further in their education, we have awarded laptops to first-year students. This important tool helps the students in their study, research and outreach to the world. Our limited financial resources did not allow us to provide more laptops to the students, but now with the invention of the laptop without screens, we will be able to give every scholarship recipient a special laptop computer without a screen suitable for their needs. This year, VNF awarded 15 laptops to the blind. We also provide the recipients a short course on how to use these specialized laptops. Total expense is $41,408.52

Program 3
Expenses: $38,609

Open Education Resource (OER) ProgramOur OER Program continues to be a resounding success. The number of unique users who contribute research and download materials at the website http://voer.edu.vn...

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Open Education Resource (OER) ProgramOur OER Program continues to be a resounding success. The number of unique users who contribute research and download materials at the website http://voer.edu.vn is 50,000 to 80,000 per day. In peak period, this number can reach 100,000 users. To accommodate the rising crowd of users, we have been developing further user-needed functions for our Hanoi Spring software and maintaining strong hardware with 5 servers at our data center. OER team have been in collaboration with several universities to promote the importance, understanding and usage of OER platform. Total expense is $38,609.58

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $67,547
Program Service Revenue $9,030
Investment Income $4,912
Other Revenue $0
TOTAL REVENUE $81,489

Expense Breakdown

Grants Paid $39,000
Salaries & Benefits $189,137
Fundraising Expenses $979
Program Expenses $265,531
Other Expenses $42,064
TOTAL EXPENSES $270,201

Year-over-Year Comparison

2023 2022 Change
Revenue $81,489 $329,097 -0.8%
Expenses $270,201 $224,814 +0.2%
Net Income $-188,712 $104,283 -2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIEN PHAM President 10.00
Officer Director
$0 $0 $0
TO-ANH PHAM Treasurer 4.00
Officer Director
$0 $0 $0
JANET B ABRAMS Executive Board 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $81,489 $270,201 $524,628 $-188,712
2023 $329,097 $224,814 $712,917 $104,283
2022 $408,369 $118,393 $614,622 $289,976
2020 $212,935 $195,205 $299,269 $17,730
2019 $235,447 $222,578 $281,670 $12,869
2018 $217,323 $192,850 $268,668 $24,473
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