Civic Intelligence

Fulbright University Vietnam USA Inc

EIN 45-5152480 • 501(c)3 • Needham, MA

Profile

Tuiv was founded to support the development of well-governed higher education institutions that respond to vietnam's acute demand for human and knowledge capital. Although we are a grant-making organization, we believe that the critical factor in determining educational outcomes is governance, not financing. Tuiv plays a leadership role in the development of fulbright university vietnam (fuv). Tuiv is dedicated to supporting fuv's emergence as an innovative, financially sustainable vietnamese academic institution founded on principles of good governance and committed to academic freedom and intellectual pluralism.

1763 Great Plain Avenue Curie HousNeedham, MA 02492

www.tuiv.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.42x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.18x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

61st percentile

10%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$237,237

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

66th percentile

9.9%

Faster asset growth than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-13%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$1,088,484

Up $97,660 (+9.9%) from 2023

Liabilities

Down

$460,817

Down $213,322 (-32%) from 2023

Net Assets

Up

$627,667

Up $310,982 (+98%) from 2023

Operations
Liabilities / Revenue65th percentileNet Margin61st percentile

Revenue

Down

$2,586,124

Down $383,253 (-13%) from 2023

Expenses

Down

$2,323,631

Down $1,009,121 (-30%) from 2023

Net Income

Up

$262,493

Up $625,868 (+172%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth66th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2015: $208,769Liabilities 2015: $0Net Assets 2015: $208,7692015Assets 2016: $159,410Liabilities 2016: $46,131Net Assets 2016: $113,2792016Assets 2017: $954,254Liabilities 2017: $643,771Net Assets 2017: $310,4832017Assets 2018: $1,550,585Liabilities 2018: $854,885Net Assets 2018: $695,7002018Assets 2019: $2,534,192Liabilities 2019: $1,834,316Net Assets 2019: $699,8762019Assets 2020: $1,070,607Liabilities 2020: $775,275Net Assets 2020: $295,3322020Assets 2021: $1,425,967Liabilities 2021: $305,838Net Assets 2021: $1,120,1292021Assets 2022: $1,164,671Liabilities 2022: $535,317Net Assets 2022: $629,3542022Assets 2023: $990,824Liabilities 2023: $674,139Net Assets 2023: $316,6852023Assets 2024: $1,088,484Liabilities 2024: $460,817Net Assets 2024: $627,6672024

Highlighted filing

2024

Assets$1,088,484
Liabilities$460,817
Net Assets$627,667
Open 2024 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2015: $275,000Expenses 2015: $109,240Net Income 2015: $165,7602015Revenue 2016: $567,466Expenses 2016: $645,983Net Income 2016: -$78,5172016Revenue 2017: $5,125,780Expenses 2017: $4,928,576Net Income 2017: $197,2042017Revenue 2018: $12,368,579Expenses 2018: $11,983,349Net Income 2018: $385,2302018Revenue 2019: $7,034,612Expenses 2019: $7,030,558Net Income 2019: $4,0542019Revenue 2020: $8,674,012Expenses 2020: $9,078,228Net Income 2020: -$404,2162020Revenue 2021: $4,816,129Expenses 2021: $3,995,009Net Income 2021: $821,1202021Revenue 2022: $3,183,346Expenses 2022: $3,616,493Net Income 2022: -$433,1472022Revenue 2023: $2,969,377Expenses 2023: $3,332,752Net Income 2023: -$363,3752023Revenue 2024: $2,586,124Expenses 2024: $2,323,631Net Income 2024: $262,4932024

Highlighted filing

2024

Revenue$2,586,124
Expenses$2,323,631
Net Income$262,493
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,088,484
Liabilities
$460,817
Net assets
$627,667
Revenue
$2,586,124
Expenses
$2,323,631
Net income
$262,493
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.09$0.46$0.63$2.59$2.32$0.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.67$0.32$2.97$3.33$0.36
2022Detailed filing. Detailed filing data is available for this year.$1.16$0.54$0.63$3.18$3.62$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.31$1.12$4.82$4.00$0.82
2020Summary only. Only limited summary data is available for this year.$1.07$0.78$0.30$8.67$9.08$0.40
2019Summary only. Only limited summary data is available for this year.$2.53$1.83$0.70$7.03$7.03$0.00
2018Summary only. Only limited summary data is available for this year.$1.55$0.85$0.70$12.4$12.0$0.39
2017Detailed filing. Detailed filing data is available for this year.$0.95$0.64$0.31$5.13$4.93$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.05$0.11$0.57$0.65$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.28$0.11$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$2,673,593
Mission and Program Overview

Mission

Fulbright university vietnam usa, inc. (fuvusa) was founded to support the development of well-governed, higher education institutions that respond to vietnam's acute demand for human and knowledge capital and that advance exchange and collaboration between the united states and vietnam. Fuvusa plays a leadership role in the development of fulbright university vietnam (fuv). Fuvusa is dedicated to supporting fuv's emergence as an innovative, financially sustainable vietnamese academic institution, founded on principles of good governance and committed to academic freedom and intellectual pluralism.

To provide financial support for higher education in vietnam.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$372,685$427,191▲ $54,506
Pledges and Grants Receivable$449,468$363,757▼ $85,711
Cash and Non-Interest-Bearing Accounts$89,612$161,299▲ $71,687
Accounts Receivable$34,202$58,009▲ $23,807
Prepaid Expenses and Deferred Charges$24,352$53,590▲ $29,238
Savings and Temporary Cash Investments$20,505$24,638▲ $4,133
Total Assets$990,824$1,088,484▲ $97,660
Liabilities
Accounts Payable and Accrued Expenses$674,139$460,817▼ $213,322
Total Liabilities$674,139$460,817▼ $213,322
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$149,421$438,268▲ $288,847
Net Assets With Donor Restrictions$167,264$189,399▲ $22,135
Total Net Assets Fund Balance$316,685$627,667▲ $310,982
Total Liabilities and Net Assets / Fund Balance$990,824$1,088,484▲ $97,660

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$393,190-▲ $58,639-$451,829
2023$354,651$38,539--$393,190
2022$403,158$20,000▼ $68,507-$354,651
2021$100,534$300,000▲ $2,624-$403,158
2020$99,325-▲ $1,209-$100,534
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Benjamin WilkinsonExecutive Director, Board ClerkPT$191,492$45,745$237,237
Peter WelshChief Operating OfficerFT$199,523$21,850$221,373

Board Members and Trustees

NameTitle
Thomas VallelyChairperson
Chris HelzerDirector
Chris MaloneDirector
Christy LeDirector
Cuong DoDirector
David DuongDirector
Frances ZwenigDirector
Henry NguyenDirector
Hoang Thi Mai HuongDirector
Kathleen MatthewsDirector
Leon BotsteinDirector
Lien-hang NguyenDirector
Quoc LeDirector
Trang Trong KienDirector
Tran Thi Thu HuongDirector (until 02/2024)
Le Hoai NamDirector (until 05/2024)
Ngo Bao ChauDirector (until 10/2023)
Nga TranTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Kae StrategiesGovernment Relations/lobbying2101 L STREET NW SUITE 800, Washington, DC 20037$136,375
Net Assets ConsultingOutsourced Director Of Finance68 WARWICK ROAD, West Newton, MA 02465$126,241
Greenlight Strategies LLCEmployment Search Consultant5705 CROMWELL DRIVE, Bethesda, MD 20816$120,514
Revenue and Support

Revenue Composition

Contributions and Grants
$2,570,316
Program Service Revenue
$0
Investment Income
$13,264
Other Revenue
$2,544
All Other Contributions
$565,769
Change in Net Assets
$262,493

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,583,010
Revenue Not Reported on Financial Statements
$3,114
Revenue Not Reported on Form 990
$48,489
Total Revenue per Audited Statements
$2,631,499
Total Revenue per Form 990
$2,586,124
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$891,122
Grants and Similar Amounts Paid$769,982
Salaries, Compensation, and Employee Benefits$614,527
Total Fundraising Expense$205,805
Professional Fundraising Fees$48,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$519,982--$519,982
Current Officers, Directors, Trustees, and Key Employees$416,126$18,949$32,748$467,823
Fees for Services Other$383,510$23,934$9,179$416,623
Grants to Domestic Orgs$250,000--$250,000
Travel$187,987$2,280$23,894$214,161
Fees for Services Accounting$42,372$56,547$5,407$104,326
Other Salaries and Wages$62,376$6,609$23,824$92,809
Fees for Services Lobbying--$50,250$50,250
Fees for Services Professional Fundraising--$48,000$48,000
Occupancy$35,844$2,056$2,660$40,560
Payroll Taxes$29,681$2,267$3,780$35,728
Insurance$12,309$16,246$1,008$29,563
Other Employee Benefits$9,315$675$124$10,114
Office Expenses$6,683$2,018$382$9,083
Advertising$8,089--$8,089
Pension Plan Contributions$5,657$642$1,754$8,053
Fees for Service Investment Mgmnt Fees-$3,114-$3,114
Conferences and Meetings$878-$1,887$2,765
Fees for Services Legal--$400$400
Other Expenses$2,512$527$56$56
Total Functional Expenses$1,979,208$138,618$205,805$2,323,631

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,323,631
Expenses per Audited Statements$2,320,517
Total Expenses per Audited Statements$2,320,517
Expenses Not Reported on Financial Statements$3,114
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Harvard UniversityCambridge, MA501(c)(3)To Support the Graduate School of Public Policy at Fuv With Curriculum Development and Policy Research.$250,000

International Summary

Offices
0
Employees
0
Spending
$519,982

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificGrants to Recipients Located in Region-00$519,982
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$48,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization does not have any committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The form 990 was prepared by the outside accountants and reviewed by fuvusa management. A copy was then provided to the the board before filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Whenever a director or officer has a financial or personal interest in any matter coming before the board of directors, the affected person discloses the nature of the interest, withdraws from any discussions, lobbying or voting on the matter. Any transaction of vote involving a potential conflict of interest is approved only when a majority of disinterested directors determine that it is in the best interest of the corporation to do so. The minutes of the meetings at which such votes are taken records such disclosure, abstention and rationale for approval. Employees, officers and directors annually complete a conflict of interest attestation statement.”

Form 990, Part VI, Section B, Line 15

“Compensation arrangements must be approved in advance by a designated approval body of fuvusa's composed entirely of individuals that do not have a conflict of interest with respect to the compensation arrangement. When this body is considering compensation to covered individuals, it relies on comparability data that demonstrates the fair market value of the compensation in question. The approval body must document how it reached its decisions, including the data on which it relied. The last compensation review took place in may 2019.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Fulbright University Vietnam USA Inc
EIN
45-5152480
Phone
7812924710
Address
1763 GREAT PLAIN AVENUE CURIE HOUS, NEEDHAM, MA 02492

Signing Officer

Name
Benjamin Wilkinson
Title
Executive Director
Phone
7812924710
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin Wilkinson
Formed
2012
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
4
Volunteers
75

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 800N, BETHESDA, MD 20814-2930
Preparer
Elizabeth W Heller
Phone
3019519090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 354,772. Management and general expenses 23,934. Fundraising expenses 8,944. Total expenses 387,650. Other professional fees: program service expenses 28,738. Management and general expenses 0. Fundraising expenses 235. Total expenses 28,973.”

Financial Statement Notes

PART V, LINE 4:

“Fuvusa intends to use its endowment for future scholarships. The endowment consists of donor-restricted and board designated endowment funds. As required by gaap, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions. The board of directors has interpreted the uniform prudent management of institutional funds act (upmifa) as allowing fuvusa to either appropriate for expenditures or accumulate so much of the endowment fund as fuvusa determines is prudent for the uses, benefits, purposes and duration for which the endowment fund is established, subject to the intent of the donor as expressed in the gift instrument. Unless stated otherwise in the gift instrument, the assets in the endowment fund will be donor-restricted assets until appropriated for expenditure by the board of directors. The remaining portion of the donor-restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure in a manner consistent with the standard of prudence prescribed by upmifa.”

Raw XML AppendixShowing 400 of 766 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0674139
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0460817
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IRS990/AccountsReceivableGrp/EOYAmt058009
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE FINANCIAL SUPPORT FOR HIGHER EDUCATION IN VIETNAM.
IRS990/AdvertisingGrp/ProgramServicesAmt08089
IRS990/AdvertisingGrp/TotalAmt08089
IRS990/AllOtherContributionsAmt0565769
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IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/PhoneNum07812924710
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01763 GREAT PLAIN AVENUE CURIE HOUSE
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IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
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IRS990/Desc0FUVUSA SUPPORTS INSTITUTIONAL INNOVATION IN VIETNAMESE HIGHER EDUCATION. WE PURSUE THIS MISSION PRIMARILY THROUGH OUR PARTICIPATION IN THE FULBRIGHT UNIVERSITY VIETNAM (FUV) INITIATIVE, VIETNAM'S FIRST PRIVATE, NONPROFIT UNIVERSITY. FUV IS BEING BUILT ON THE PRINCIPLES OF TRANSPARENCY, ACCOUNTABILITY, ACADEMIC FREEDOM, AND MERITOCRACY. FUVUSA CONTRIBUTES TO FUV BY SERVING AS THE UNIVERSITY'S HIGHEST GOVERNING AUTHORITY, AS A "SYSTEMS INTEGRATOR" CONNECTING FUV WITH GLOBAL KNOWLEDGE NETWORKS AND PARTNERS, AND AS A MOBILIZER OF FINANCIAL RESOURCES FOR THE PROJECT. FUVUSA STEWARDS MUCH OF THE FEDERAL FUNDING THAT IS CATALYZING FUV'S INITIAL GROWTH.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR (UNTIL 05/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE DIRECTOR, BOARD CLERK
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IRS990/MissionDesc0FULBRIGHT UNIVERSITY VIETNAM USA, INC. (FUV USA) WAS FOUNDED TO SUPPORT THE DEVELOPMENT OF WELL-GOVERNED, HIGHER EDUCATION INSTITUTIONS THAT RESPOND TO VIETNAM'S ACUTE DEMAND FOR HUMAN AND KNOWLEDGE CAPITAL AND THAT ADVANCE EXCHANGE AND COLLABORATION BETWEEN THE UNITED STATES AND VIETNAM. FUV USA PLAYS A LEADERSHIP ROLE IN THE ONGOING DEVELOPMENT OF FULBRIGHT UNIVERSITY VIETNAM (FUV). FUV USA IS DEDICATED TO SUPPORTING FUV'S EMERGENCE AS AN INNOVATIVE, FINANCIALLY SUSTAINABLE VIETNAMESE ACADEMIC INSTITUTION, FOUNDED ON PRINCIPLES OF GOOD GOVERNANCE AND COMMITTED TO ACADEMIC FREEDOM AND INTELLECTUAL PLURALISM.
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IRS990/PrincipalOfficerNm0BENJAMIN WILKINSON
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00

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