Overview
What is Vietnamese Mutual Assistance Fund Inc?
Vietnamese Mutual Assistance Fund Inc is a nonprofit organization situated in San Jose, California. Its primary mission is to support the elderly by collecting their monthly membership fees and providing financial aid for funeral expenses to their families upon their passing. This year, the organization has distributed a total of $665,337.00 towards this purpose. The organization, with a team of 10 employees, aims to alleviate the financial burden associated with funeral expenses for its members' families.
Is Vietnamese Mutual Assistance Fund Inc legitimate?
Vietnamese Mutual Assistance Fund Inc is a legitimate nonprofit organization registered as a 501(c)(13) entity. Vietnamese Mutual Assistance Fund Inc 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: $62,214
For more financial information, click here
What is the mission statement of Vietnamese Mutual Assistance Fund Inc?
The Vietnamese Mutual Assistance Fund Inc is committed to assisting the elderly by collecting their monthly membership fees. This fund is intended to be distributed to their families to cover funeral expenses upon their passing. The organization has been instrumental in providing financial aid, having distributed a total of $665,337.00 to the families of deceased members this year alone. This fund serves as a means of financial support during a difficult time, ensuring that funeral expenses are less of a burden for the grieving families.
Who is the CEO of Vietnamese Mutual Assistance Fund Inc?
Dien Thanh Tran is the President of Vietnamese Mutual Assistance Fund Inc.
What is the revenue of Vietnamese Mutual Assistance Fund Inc?
Vietnamese Mutual Assistance Fund Inc's revenue in 2022 was -$257,134.
Who are the executives of Vietnamese Mutual Assistance Fund Inc and what are their salaries?
The average compensation at Vietnamese Mutual Assistance Fund Inc during 2022 was $6,221. There are 10 employees and 6 volunteers at Vietnamese Mutual Assistance Fund Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Vietnamese Mutual Assistance Fund Inc?
Vietnamese Mutual Assistance Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vietnamese Mutual Assistance Fund Inc
Vietnamese Mutual Assistance Fund Inc is an organization dedicated to aiding the elderly by helping them save money for funeral expenses. They accomplish this by collecting monthly membership fees from their members. When a member passes away during the year, the organization distributes the accumulated funds to their family, assisting them in covering the funeral expenses. As of the current year, Vietnamese Mutual Assistance Fund Inc has distributed a significant sum of $665,337.00 to the families of its deceased members, demonstrating its commitment to fulfilling its mission.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Vietnamese Mutual Assistance Fund Inc significantly impacts the elderly community in San Jose, CA, by providing a crucial financial safety net for funeral expenses. By collecting monthly membership contributions, the organization empowers families to alleviate the burden of unexpected costs associated with death. In the current year alone, it has distributed $665,337.00 to the families of members who have passed away, enabling them to focus on honoring their loved ones without the added stress of financial strain. This initiative not only fosters mutual aid but also strengthens community bonds among members, ensuring that the elderly can find solace and support during challenging times.
This information is meant to be a general summary of Vietnamese Mutual Assistance Fund Inc. 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: -$602,529
- Program Service Revenue: $344,263
- Gross Receipts: $1,345,394
Assets and Liabilities:
- Total Assets: $814,781
- Total Liabilities: $0
- Net Assets: $814,781
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELDERLY FUNERAL SAVING
Revenue
$344,263
Organization Details
Founding Year
1997
Phone
(408) 297-6080Principal Officer
Dien Thanh Tran
Main Address
PO BOX 21710 1, SAN JOSE, CA, 95151
NTEE Category
Code: Y50 - Mutual benefit
If you are a representative of Vietnamese Mutual Assistance Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.