Nonprofit · EIN 72-1496796
VIETNAMESE INITIATIVES IN ECONOMIC TRAINING
Tax-exempt · NEW ORLEANS, LA 70129
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $658,402 | $518,811 | $139,591 | $337,439 | $16,737 | $320,702 |
| December 31, 2023 | 990 | $387,032 | $405,406 | -$18,374 | $269,904 | $88,793 | $181,111 |
| December 31, 2022 | 990 | $418,727 | $329,316 | $89,411 | $255,821 | $56,337 | $199,484 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $621,705
- of which government grants
- $446,876
- Program service revenue
- $36,697
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $60,252
- Other salaries and wages
- $178,599
- Salaries, compensation and benefits (total)
- $261,375
- Professional fundraising fees
- $0
- Accounting fees
- $12,120
- Occupancy
- $11,275
- Travel
- $22,661
- Program services (functional)
- $232,737
- Management and general (functional)
- $286,074
Balance sheet and other
- Total assets, start of year
- $269,904
- Total assets, end of year
- $337,439
- Total liabilities, end of year
- $16,737
- Net assets, end of year
- $320,702
- Net assets without donor restrictions
- $329,560
- Net assets with donor restrictions
- -$8,858
- Gross receipts
- $658,402
- Employees
- 14
- Year formed
- 2001
- State of legal domicile
- LA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lang Le | Executive Director | 40 | $42,840 |
| Alexis Nguyen-Cloud | Executive Dir. Officer | 40 | $17,412 |
| Diane Schnell | Board Member Trustee or director | 0 | $0 |
| Terrie Guerin | Chairperson Trustee or director | 0 | $0 |
| Elizabeth Pham | Board member Trustee or director | 0 | $0 |
| Kelly Geribigny-Warren | Board member Trustee or director | 0 | $0 |
| Samantha Tran | Secretary Trustee or director | 0 | $0 |
| Tu Lan Hoang | Board member Trustee or director | 0 | $0 |
| Cyndi Nguyen | Grant writer Officer | 0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lang Le | Executive Dir. Officer | 40 | $72,800 |
| Terrie Guerin | Chairperson Trustee or director | 0 | $0 |
| Vickie Nguyen | Secretary/Treas Trustee or director | 0 | $0 |
| Andrew Le | Board member Trustee or director | 0 | $0 |
| Samantha Tran | Board member Trustee or director | 0 | $0 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lang Le | Executive Dir. Officer | 0 | $64,160 |
| Terrie Guerin | Chairperson Trustee or director | 0 | $0 |
| Vickie Nguyen | Secretary/Treas Trustee or director | 0 | $0 |
| Andrew Le | Board member Trustee or director | 0 | $0 |
| Samantha Tran | Board member Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 13435 GRANVILLE ST, NEW ORLEANS, LA 70129-1210
- Principal officer (990 for 2024)
- Ms Alexis Nguyen-Cloud
- Signed the 990
- Ms Alexis Nguyen-Cloud, Executive Director
- Phone
- (504) 255-0400
- Return prepared by
- Pedelahore & Co LLP
Mission
VIETNAMESE INITIATIVES IN ECONOMIC TRAINING WORKS TO DEVELOP EDUCATIONAL AND ECONOMIS TRAINING PROGRAMS, AND ACTS AS A RESOURCE CENTER FOR MINORITY RESIDENTS IN LOUISIANA.
Program accomplishments
- OFFICE OF VIOLENCE AGAINST WOMEN(OVW), THROUGH THE OVW PROGRAM, THE PROGRAM PROVIDES ADVOCACY AND DIRECT SERVICES TO OUR TARGETED NON-ENGLISH SPEAKING UNDERSERVED AND UNDERREPRESENTED INDIVIDUALS AND COMMUNITIES. VIETNAMESE INITIATIVES IN ECONOMIC TRAINING (VIET) PROVIDED DIRECT SERVICES TO THIER CLINETS DURING THE YEAR.Expenses $80,954
- THE FAMILY FIRST PROGRAM RECEIVES FUNDING FROM THE LOUISIANA DEPT. OF CHILDREN & FAMILY SERVICES (DCFS), UNDER THE FAMILY VIOLENCE PREVENTION & INTERVENTION PROGRAMM TO PROVIDE OUTREACH AND EDUCATION SERVICES, INTERPRETING & TRANSLATION, EMPLOYMENT, COUNSELING & REFERRAL SERVICES - TO VICTIMS OF VIOLENCE, SEXUAL ASSAULT AND DATING VIOLENCE.Expenses $54,212
- VOCA - OFFICE FOR VICTIMS OF CRIME/LOUISIANA COMMISSION ON LAW ENFORCEMENT:THROUGH THE VOCA PROGRAM, THE PROGRAM PROVIDES ADVOCACY AND DIRECT SERVICES TO OUR TARGETED NON-ENGLISH SPEAKING UNDERSERVED AND UNDERREPRESENTED INDIVIDUALS AND COMMUNITIES. VIETNAMESE INITIATIVES IN ECONOMIC TRAINING (VIET) PROVIDED DIRECT SERVICES TO THIER CLIENTS DURING THE YEAR.Expenses $48,795
- SNAP-SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM - ASSISTED WITH APPLYING FOR FOOD STAMPS ONLINE, AND PERSONAL OR PHONE ASSISTANCE. ASSISTED WITH APPEALING PROCESS, TRANSLATION AND INTERPRETING SERVICES. PROVIDED EDUCATIONA ND OUTREACH ON HEALTHY LIFESTYLE CHANGES AND WELLNESS AND PROVIDED HEALTHY COOKING DEMONSTRATIONS.PARTNERED WITH ORGANIZAITON TO HELP PROMOTE SNAP PROGRAMS.Expenses $48,776
- SMALL GRANTS AND OTHER
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-1496796
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $337,439
- Income (IRS master file)
- $658,402
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $658,402 | $518,811 | $337,439 | XML |
| 990 | December 2023 | $387,032 | $405,406 | $269,904 | XML |
| 990 | December 2022 | $418,727 | $329,316 | $255,821 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 72-1496796).
Questions about VIETNAMESE INITIATIVES IN ECONOMIC TRAINING
- What is the EIN of VIETNAMESE INITIATIVES IN ECONOMIC TRAINING?
- The employer identification number (EIN) of VIETNAMESE INITIATIVES IN ECONOMIC TRAINING is 72-1496796.
- Is VIETNAMESE INITIATIVES IN ECONOMIC TRAINING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to VIETNAMESE INITIATIVES IN ECONOMIC TRAINING tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIETNAMESE INITIATIVES IN ECONOMIC TRAINING 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 VIETNAMESE INITIATIVES IN ECONOMIC TRAINING 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 VIETNAMESE INITIATIVES IN ECONOMIC TRAINING 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 VIETNAMESE INITIATIVES IN ECONOMIC TRAINING?
- The 990 for the year ended December 31, 2024 names Ms Alexis Nguyen-Cloud.
- Who are the officers and directors of VIETNAMESE INITIATIVES IN ECONOMIC TRAINING?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $42,840 (Lang Le, Executive Director).
- How much revenue does VIETNAMESE INITIATIVES IN ECONOMIC TRAINING have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $658,402, expenses of $518,811 and total assets of $337,439 at year end.
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