Vietnamese Boat People a Nj Nonprofit Co
Nonprofit profile at a glance
- EIN
- 831411011
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Montclair, NJ, USA
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $99,946
- Expenses
- $72,966
- Assets
- $99,102
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Tracey Nguyen Mang (President)
People named in this filing
- Amy Le (Board Member)
- Tracey Nguyen Mang (President)
- Alison Lihalakh (Board Member)
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
Vietnamese Boat People (VBP) is a nonprofit organization dedicated to preserving and sharing the stories of the Vietnamese diaspora. Established in 2018, our mission is to amplify these stories, educate and inspire, empower individuals to document their histories, and foster meaningful connections. The organization's name, Vietnamese Boat People, initially paid tribute to the millions of refugees who fled Vietnam by boat. Since then, the organization has evolved and is dedicated to supporting all stories from the Vietnamese diaspora community. Through innovative storytelling, digital archives, and community-driven programs, we provide accessible platforms for communities to engage with these narratives.
What it reported doing in 2024
The VBP Exhibition, "Our Journeys: 50 Years After the Fall" will be a collection of written stories, multimedia presentations, photographs, location tags, and video essays. While this will launch in 2025, planning began in 2024.
Operating model
- Revenue model
- Donor-supported. 83% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 100
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.1%; rating input score 62
- Program expense ratio: 85%; rating input score 85
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: 27%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 1.36; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 19.5% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 21.9% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 19.3% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 62.1% of revenue deployed · 85% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 7 filed program accomplishments · $62K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 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.
- 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.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.