Overview
What is Vn Teamwork?
Vn Teamwork is a nonprofit organization situated in Houston, Texas, with a focus on improving the health, education, and social well-being of underprivileged individuals in the Greater Houston metropolitan area. They receive support from the Internal Revenue Service, which recently granted them $60,000 to aid low-income taxpayers in preparing their tax returns. With a dedicated workforce of 16 employees, Vn Teamwork operates with the intention of enhancing the overall quality of life for this specific demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star rating.
Vn Teamwork has received a low rating of 44%, indicating significant concerns regarding its accountability and financial practices. The organization does excel in some governance areas, such as having an entirely independent board and a robust audit and oversight committee. However, the absence of essential policies like a whistleblower policy and documentation of board meeting minutes raises questions about its operational transparency.
In terms of financial health, Vn Teamwork's liabilities to assets ratio and program expense ratio are notably poor, suggesting inefficiencies in how funds are allocated and potentially indicating financial instability. The lack of publicly available tax forms further limits transparency, making it challenging for potential donors to assess the nonprofit's financial operations thoroughly. Overall, while the organization demonstrates strengths in governance, its financial practices and missing documentation are significant limitations that may deter support.
This AI summary has been generated from information found on Charity Navigator.
Is Vn Teamwork legitimate?
Vn Teamwork is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vn Teamwork submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $514,286
For more financial information, click here
What is the mission statement of Vn Teamwork?
Vn Teamwork is a community-based non-profit organization with a mission to enhance the health, education, and social well-being of low-income and underserved individuals in the greater Houston metropolitan area. They strive to achieve this goal through various activities. The organization's mission primarily focuses on improving the livelihoods of low-income individuals. Recently, Vn Teamwork received a grant of 60,000 from the Internal Revenue Service, which they utilized to assist low-income taxpayers in preparing their tax returns.
Who is the CEO of Vn Teamwork?
Michael Nguyen is the Executive Di of Vn Teamwork.
What is the revenue of Vn Teamwork?
Vn Teamwork's revenue in 2022 was $1,381,843.
Who are the executives of Vn Teamwork and what are their salaries?
The average compensation at Vn Teamwork during 2022 was $32,143. There are 16 employees at Vn Teamwork.
Here are 8 key members and their salaries:
- Compensation: $107,433
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Where can I find the form 990 for Vn Teamwork?
Vn Teamwork's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vn Teamwork
Vn Teamwork, a non-profit community-based organization, is committed to improving the health, education, and social well-being of low-income and underserved individuals in the greater Houston metropolitan area. Their mission is to enhance the living conditions of these individuals, aiming to uplift their overall quality of life. Through various activities, Vn Teamwork seeks to make a tangible impact on the community, focusing on addressing the unique needs of its most vulnerable members.
The organization's mission is multifaceted, encompassing three key areas: health, education, and social well-being. By enhancing health, Vn Teamwork strives to improve access to essential medical services and promote overall wellness among its beneficiaries. In the realm of education, the organization works towards increasing opportunities for learning and personal growth, empowering individuals to build a better future for themselves. Lastly, in terms of social well-being, Vn Teamwork focuses on addressing the social challenges faced by low-income individuals, such as poverty, unemployment, and social isolation.
In pursuit of its mission, Vn Teamwork has received support from various sources, including a grant of $60,000 from the Internal Revenue Service. This funding has enabled the organization to provide essential services to low-income taxpayers, assisting them in preparing their tax returns. By offering this support, Vn Teamwork not only helps individuals navigate the complexities of tax compliance but also ensures that they receive their rightful benefits, thereby contributing to their financial stability and overall well-being.
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Impact
July, 2024
Vn Teamwork's impact is significant in enhancing the health, education, and social well-being of low-income and underserved individuals in the Greater Houston metro area. The organization's activities, such as providing assistance with tax returns for low-income taxpayers, directly contribute to improving the financial stability and resources available to individuals in need. By focusing on community improvement, Vn Teamwork plays a vital role in uplifting marginalized populations and addressing the socio-economic challenges faced by many in the region.
This information is meant to be a general summary of Vn Teamwork. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,330
- Program Service Revenue: $225,984
- Gross Receipts: $1,381,843
Assets and Liabilities:
- Total Assets: $5,193,600
- Total Liabilities: $797,356
- Net Assets: $4,396,244
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$225,984
Organization Details
Principal Officer
Michael Nguyen
Main Address
11210 BELLAIRE BLVD SUITE 118, HOUSTON, TX, 77072
NTEE Category
Code: S80 - Community improvement
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