Steam for Vietnam Foundation
Nonprofit profile at a glance
- EIN
- 850888587
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Foster City, CA, USA
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $168,580
- Expenses
- $161,726
- Assets
- $39,146
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- HUNG TRAN (CHIEF EXECUTIVE OFFICER)
People named in this filing
- HUNG TRAN (CHIEF EXECUTIVE OFFICER)
- THUY NGUYEN (OFFICER)
- MAI ZYMARIS (SECRETARY)
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
To provide free science technology engineering arts and math education for vietnamese children.
What it reported doing in 2024
VEX ROBOTICS WORLD CHAMPIONSHIP - Through training programs and national qualifiers the Foundation enables top Vietnamese student teams to advance to the VEX Robotics World Championship elevating Vietnams presence in the global robotics arena and showcasing the impact of its STEAM pipeline.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up. 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: 32
- Transparency & Controls: 100
- Sustainability: 35
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 31.3%; rating input score 31
- Program expense ratio: 32.6%; rating input score 33
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 4.1%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -77.1% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -5.3% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: 8.6% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: 31.3% of revenue deployed · 32.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $53K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
- Moderate — Financial Efficiency: Program expense ratio scored 33/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 45/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.