NATIONAL ORGANIZATION OF VIETNAMESE AMERICAN LEADERS OF GREATER DC

EIN: 453546980 501(c)(3) Arts, Culture & Humanities

Washington DC, DC

Total Revenue
$153,640
Total Expenses
$110,564
Total Assets
$31,972
Net Assets
$44,732
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
DC
Principal Officer
Nicholas Lepham
Phone
2026705370
Tax Period
2023-01-01 to 2023-12-31

NATIONAL ORGANIZATION OF VIETNAMESE AMERICAN LEADERS OF GREATER DC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $154K in total revenue in fiscal year 2023. The organization ran a surplus of $43K, a strong 28% operating margin.

Mission

Founded in 2011, the National Organization for Vietnamese American Leadership of Washington DC is a volunteer-run 501(c)(3) nonprofit dedicated to elevating the Vietnamese American community by professionally developing the next generation of Vietnamese American leaders and preserving and promoting the Vietnamese cultural heritage. We are comprised of professionals who are passionate and committed towards advancing the economic, social and political well-being of the Vietnamese American community. NOVAL-DC hosts and organizes VietFest.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $208,449
Program Service Revenue $23,725
Investment Income $0
Other Revenue $-78,534
TOTAL REVENUE $153,640

Expense Breakdown

Grants Paid $6,000
Salaries & Benefits $0
Fundraising Expenses $96,081
Program Expenses $6,000
Other Expenses $104,564
TOTAL EXPENSES $110,564

Year-over-Year Comparison

2023 2022 Change
Revenue $153,640 N/A N/A
Expenses $110,564 N/A N/A
Net Income $43,076 $0 N/A
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
16

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bao Ly Co-President 4
Officer Director
$0 $0 $0
Nicholas LePham Co-President 4
Officer Director
$0 $0 $0
Tiffany Nguyen Vice-President 4
Officer Director
$0 $0 $0
Diem Tran Treasurer 2
Officer Director
$0 $0 $0
Alissa Nguyen Secretary 2
Officer Director
$0 $0 $0
Andy Tran Senior Advisor 1
Director
$0 $0 $0
Khai Nguyen Director 2
Director
$0 $0 $0
Laura Doan Director 1
Director
$0 $0 $0
Kimberly Nguyen Director 1
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
2023 $153,640 $110,564 $31,972 $43,076
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