Civic Intelligence

Vietnamese Mutual Benefit Assn

990 • Fiscal year 2021 • EIN 30-0051448

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 02, 2022

PO Box 612288San Jose, CA 95161

(408) 719-8727

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

36th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Net Margin

42nd percentile

8.5%

Higher net margin than 42% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Asset Growth

81st percentile

25%

Faster asset growth than 81% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

44%

Faster revenue growth than 78% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$376,817

Up $74,582 (+25%) from 2020

Net Assets

Up

$376,817

Up $74,582 (+25%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$881,740

Up $271,195 (+44%) from 2020

Expenses

Up

$807,158

Up $142,004 (+21%) from 2020

Net Income

Up

$74,582

Up $129,191 (+237%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2019: $356,844Liabilities 2019: $0Net Assets 2019: $356,8442019Assets 2020: $302,235Liabilities 2020: $0Net Assets 2020: $302,2352020Assets 2021: $376,817Liabilities 2021: $0Net Assets 2021: $376,8172021Assets 2022: $462,833Liabilities 2022: $0Net Assets 2022: $462,8332022Assets 2023: $458,041Liabilities 2023: $0Net Assets 2023: $458,0412023

Highlighted filing

2021

Assets$376,817
Liabilities$0
Net Assets$376,817

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2019: $649,870Expenses 2019: $425,274Net Income 2019: $224,5962019Revenue 2020: $610,545Expenses 2020: $665,154Net Income 2020: -$54,6092020Revenue 2021: $881,740Expenses 2021: $807,158Net Income 2021: $74,5822021Revenue 2022: $631,260Expenses 2022: $545,244Net Income 2022: $86,0162022Revenue 2023: $545,158Expenses 2023: $549,950Net Income 2023: -$4,7922023

Highlighted filing

2021

Revenue$881,740
Expenses$807,158
Net Income$74,582
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 2, 2022
Return Version
2021v4.2
Gross Receipts
$881,740
Mission and Program Overview

Mission

Take care the funeral cost for members

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$302,235$376,817▲ $74,582
Rtn Earn Endowment Incm Other Fnds$302,235$376,817▲ $74,582
Total Assets$302,235$376,817▲ $74,582
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$302,235$376,817▲ $74,582
Total Liabilities and Net Assets / Fund Balance$302,235$376,817▲ $74,582
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jimmy T NguyenOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$881,740
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$74,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$33,268
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$773,890--$773,890
Fees for Services Accounting$22,800--$22,800
Office Expenses$9,963--$9,963
Conferences and Meetings$505--$505
Total Functional Expenses$807,158$0$0$807,158
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Line 11a: the organization always did provide complete copy of form 990 with all schedules to all organizations members in governing body before filing the form to the irs. Line 11b: the organization has one pacticular meeting with all organizations members in its governing body to pass out the complete organizations form 990 for read and reviewed and approved.

Conflict of interest policy compliance Part VI line 12C

Compliance interest policy was written and inforced.

Governing documents etc available to public Part VI line 19

Upon public request at any time, the organizations make its governing documents, conflict of interest policy, and finanaical statemens available to the public during the tax year.

Filing and Contact Details

Filer

Filer Name
Vietnamese Mutual Benefit Assn
EIN
30-0051448
Address
PO BOX 612288, SAN JOSE, CA 95161

Signing Officer

Name
Jimmy Nguyen
Title
President
Phone
4082043812
Signed
2022-04-02
Discuss with paid preparer
No

Organization Details

Formed
2013
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Nguyen Thu Tax Solutions
Address
598 SANTA CLARA STE 210, San Jose, CA 95112
Preparer
Paulina Phamvu
Phone
4082870696
Supplemental Narrative

Additional Explanations

General explanation attachment

Explanation for schedule b: our organization does not required to file schedule b. Our organization does not received the contributions from public. We only received anual membership due of $25 per member per year and enrollment fee of $100 for new member.

Raw XML Appendix241 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TAKE CARE THE FUNERAL COST FOR MEMBERS
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt0773890
IRS990/BenefitsToMembersGrp/TotalAmt0773890
IRS990/BooksInCareOfDetail/PersonNm0JIMMY T NGUYEN
IRS990/BooksInCareOfDetail/PhoneNum04087198727
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 612288
IRS990/BooksInCareOfDetail/USAddress/CityNm0SAN JOSE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd095161
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0302235
IRS990/CashNonInterestBearingGrp/EOYAmt0376817
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0505
IRS990/ConferencesMeetingsGrp/TotalAmt0505
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0773890
IRS990/CYContributionsGrantsAmt0881740
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt033268
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt074582
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0807158
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0881740
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0TOOK CARE AND PAID FOR MEMBERS FUNERAL, WHO PASSED AWAY
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0807158
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt022800
IRS990/FeesForServicesAccountingGrp/TotalAmt022800
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0JIMMY T NGUYEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0OFFICER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0881740
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0881740
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TAKE CARE THE FUNERAL COST FOR MEMBERS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0302235
IRS990/NetAssetsOrFundBalancesEOYAmt0376817
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt09963
IRS990/OfficeExpensesGrp/TotalAmt09963
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0623229
IRS990/PYContributionsGrantsAmt0610545
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt041925
IRS990/PYRevenuesLessExpensesAmt0-54609
IRS990/PYTotalExpensesAmt0665154
IRS990/PYTotalRevenueAmt0610545
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0true
IRS990/ReconcilationRevenueExpnssAmt074582
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0881740
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0302235
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0376817
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11A: THE ORGANIZATION ALWAYS DID PROVIDE COMPLETE COPY OF FORM 990 WITH ALL SCHEDULES TO ALL ORGANIZATIONS MEMBERS IN GOVERNING BODY BEFORE FILING THE FORM TO THE IRS. LINE 11B: THE ORGANIZATION HAS ONE PACTICULAR MEETING WITH ALL ORGANIZATIONS MEMBERS IN ITS GOVERNING BODY TO PASS OUT THE COMPLETE ORGANIZATIONS FORM 990 FOR READ AND REVIEWED AND APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPLIANCE INTEREST POLICY WAS WRITTEN AND INFORCED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON PUBLIC REQUEST AT ANY TIME, THE ORGANIZATIONS MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANAICAL STATEMENS AVAILABLE TO THE PUBLIC DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXPLANATION FOR SCHEDULE B: OUR ORGANIZATION DOES NOT REQUIRED TO FILE SCHEDULE B. OUR ORGANIZATION DOES NOT RECEIVED THE CONTRIBUTIONS FROM PUBLIC. WE ONLY RECEIVED ANUAL MEMBERSHIP DUE OF $25 PER MEMBER PER YEAR AND ENROLLMENT FEE OF $100 FOR NEW MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3General explanation attachment
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0302235
IRS990/TotalAssetsEOYAmt0376817
IRS990/TotalAssetsGrp/BOYAmt0302235
IRS990/TotalAssetsGrp/EOYAmt0376817
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0881740
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0807158
IRS990/TotalFunctionalExpensesGrp/TotalAmt0807158
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0302235
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0376817
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0807158
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0881740
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0302235
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0376817
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JIMMY NGUYEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04082043812
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIETNAMESE MUTUAL BENEFIT ASSN
ReturnHeader/Filer/BusinessNameControlTxt0VIET
ReturnHeader/Filer/EIN0300051448
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 612288
ReturnHeader/Filer/USAddress/CityNm0SAN JOSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095161
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NGUYEN THU TAX SOLUTIONS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0598 SANTA CLARA STE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Jose
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095112
ReturnHeader/PreparerPersonGrp/PhoneNum04082870696
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAULINA PHAMVU
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-04-19T01:31:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JIMMY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NGUYEN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings