WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
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...
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
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...
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
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...
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
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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Sign In| 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 |
| 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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