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Nonprofit · EIN 27-4115634

VIET DREAMS

Tax-exempt · SAN JOSE, CA 95158

Financials

$1.9M$173K2024
Revenue Expenses · by fiscal year end
Financials of VIET DREAMS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,882,238$173,243$1,708,995$2,235,033$0$2,235,033
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,816,822
Program service revenue
$0
Investment income
$65,416
Other revenue
$0

Expenses

Grants and similar amounts paid
$148,886
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$385
Travel
$3,854
Program services (functional)
$148,886
Management and general (functional)
$24,357

Balance sheet and other

Total assets, start of year
$526,038
Total assets, end of year
$2,235,033
Total liabilities, end of year
$0
Net assets, end of year
$2,235,033
Land, buildings and equipment
$1,590,433
Publicly traded securities
$118,392
Net assets without donor restrictions
$2,235,033
Gross receipts
$1,882,238
Employees
0
Volunteers
10
Year formed
2010
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
QUAN K NGUYENPresident & CEO
Trustee or director
5$0
ANTHONY MY TRANChairman
Trustee or director
0$0
NAM NGUYENTreasurer
Trustee or director
4$0

Address and contacts

Address (IRS master file)
1175 BRANHAM LN UNIT 18201, SAN JOSE, CA 95158-2010
In care of
% QUAN K NGUYEN
Mailing address (990-N for 2010)
PO box 360624, Milpitas CA 95036
Principal officer (990 for 2024)
QUAN K NGUYEN, 1175 BRANHAM LN 18201, SAN JOSE, CA 95158
Principal officer (990-N for 2010)
Quan K Nguyen, PO box 360624, Milpitas CA 95036
Signed the 990
QUAN K NGUYEN, President & CEO
Phone
(408) 410-4920
Return prepared by
TAX CONSULTATION OF AMERICA

Mission

PROVIDE FOOD, CLOTHING, SUPPLIES, CLEAN WATER AND FUNDS FOR ORPHANAGES AND SCHOOLS IN VIETNAM.

990 for the year ended December 31, 2024

Program accomplishments

  • Built water filtration systems and provided library books, food and clothing for the orphanages in Vietnam. Provided cleft surgery, dental care and oral hygiene for school children in Vietnam. Christmas dinner and toy drive for poor family who live in shelters in San Jose
    Expenses $148,886 · grants $148,886
  • MUSIC GRANT FOR CHILDREN.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-4115634
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$2,235,033
Income (IRS master file)
$1,882,238

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$222,047$110,055$526,038IRS
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990December 2018–––IRS
990-N for 2010
Officer: Quan K Nguyen
December 31, 2010≤ $50,000 receipts––e-Postcard

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about VIET DREAMS

What is the EIN of VIET DREAMS?
The employer identification number (EIN) of VIET DREAMS is 27-4115634.
Is VIET DREAMS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to VIET DREAMS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VIET DREAMS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VIET DREAMS due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VIET DREAMS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of VIET DREAMS?
The 990 for the year ended December 31, 2024 names QUAN K NGUYEN.
Who are the officers and directors of VIET DREAMS?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does VIET DREAMS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,882,238, expenses of $173,243 and total assets of $2,235,033 at year end.

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