Lac Long Quan Lion Dance

Nonprofit profile at a glance

EIN
990598665
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Fairfax, VA, USA
Phone
5712534340
Rating
39
Verdict
REVIEW
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness
Affiliation
Buddhism

Official website

Reported finances

Revenue
$10,759
Expenses
$6,706
Assets
$9,148
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • Andrew Quoc-Anh Ho (President)
  • Daniel Arguedas-Cornejo (President)

People named in this filing

  • Andrew Quoc-Anh Ho (President)
  • Daniel Arguedas-Cornejo (President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our organization's goal is to spread Vietnamese culture through lion dance, a traditional Vietnamese dance centered around the lunar new year. Whenever lion dance is performed for a shop, it's seen as good fortune for that shop for the year. The lions that we perform with are blessed by a buddhist temple before we're allowed to perform in the new year. Our hope is that through shows we can spread an appreciation for the Vietnamese culture since we usually perform at cultural shows, store openings, parades, and more.

What it reported doing in 2024

Almost every year we have seen more requests for us to perform at cultural shows, store openings, weddings, parades, etc. As we keep performing we see more and more of a diverse community that shows up to these performances. We are usually one of the main forms of entertainment at these shows, and if we can leave an impact on people that make them want to come to more culture shows, then I say we're getting closer and closer to our goal.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 71
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 37.7%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 1.36; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 41.2% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 56.9% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.