Vietnamese American Scholarship Fund

Las Vegas, NV
Tax-exempt since Aug. 1989
EIN: 62-1336969

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$791k (2024)

Expenses

$198k (2024)

Total Assets

$8.59M (2024)

Total Liabilities

$331k (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$790,555

Expenses

$197,913

Net Income

$592,642

Net Assets

$8,256,933

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$135,000	17.1%
Interest Revenue	$0
Dividends	$128,213	16.2%
Sales of Assets	-$7,055
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$197,913	100%
Compensation of Officers*	$132,800	67.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,587,646
Total Liabilities	$330,713
Net Assets	$8,256,933

Compensation

Key Employees and Officers	Compensation	Other
Doan L Phung (Managing Trustee)	$132,800	$0
Rick N Phung (Trustee)	$0	$0
Betsy Lou (Trustee)	$0	$0

990-PF

Filed on May 5, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2023

Revenue

-$253,347

Expenses

$154,909

Net Income

-$408,256

Net Assets

$6,901,991

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,016
Dividends	$59,269
Sales of Assets	-$313,632
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$154,909	100%
Compensation of Officers*	$54,539	35.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,901,991
Total Liabilities	$0
Net Assets	$6,901,991

Compensation

Key Employees and Officers	Compensation	Other
Doan L Phung (Managing Trustee)	$54,539	$0
Rick N Phung (Trustee)	$0	$0
Betsy Lou (Trustee)	$0	$0

990-PF

Filed on May 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$276,208

Expenses

$65,768

Net Income

$210,440

Net Assets

$5,159,150

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$313	0.1%
Dividends	$68,793	24.9%
Sales of Assets	$207,102	75.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,500	11.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,159,150
Total Liabilities	$0
Net Assets	$5,159,150

Compensation

Key Employees and Officers	Compensation	Other
Doan L Phung (Managing Trustee)	$0	$0
Rick N Phung (Trustee)	$0	$0
Betsy P Lou (Trustee)	$0	$0

990-PF

Filed on May 6, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$132,151

Expenses

$49,761

Net Income

$82,390

Net Assets

$6,199,709

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$89	0.1%
Dividends	$132,062	99.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$17,000	34.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,199,709
Total Liabilities	$0
Net Assets	$6,199,709

Compensation

Key Employees and Officers	Compensation	Other
Doan L Phung (Trustee)	$0	$0
Rick N Phung (Trustee)	$0	$0
Betsy Lou (Trustee)	$0	$0

990-PF

Filed on Oct. 31, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$107,451

Expenses

$38,536

Net Income

$68,915

Net Assets

$5,327,936

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$87	0.1%
Dividends	$107,364	99.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,500	22.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,327,937
Total Liabilities	$1
Net Assets	$5,327,936

Compensation

Key Employees and Officers	Compensation	Other
Doan L Phung (Trustee)	$0	$0
Rick N Phung (Trustee)	$0	$0
Betsy Lou (Trustee)	$0	$0

990-PF

Filed on Aug. 24, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

View Filing (2 of 3) View Filing (3 of 3)

Fiscal Year Ending Dec.
2019

Revenue

$102,965

Expenses

$52,745

Net Income

$50,220

Net Assets

$5,922,349

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$91,556	88.9%
Sales of Assets	$0
Other Income	$11,409	11.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,500	52.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,922,349
Total Liabilities	$0
Net Assets	$5,922,349

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$107,368

Expenses

$125,505

Net Income

-$18,137

Net Assets

$6,397,337

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$107,044	99.7%
Sales of Assets	$0
Other Income	$324	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,000	47.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,397,337
Total Liabilities	$0
Net Assets	$6,397,337

Compensation

Key Employees and Officers	Compensation	Other
Doan L Phung (Trustee)	$0	$0
Rick N Phung (Trustee)	$0	$0
Betsy Lou (Trustee)	$0	$0

990-PF

Filed on Nov. 2, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$100,048

Expenses

$113,148

Net Income

-$13,100

Net Assets

$9,210,420

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$99,121	99.1%
Sales of Assets	$0
Other Income	$927	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,100	73.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,210,420
Total Liabilities	$0
Net Assets	$9,210,420

Compensation

Key Employees and Officers	Compensation	Other
Doan L Phung (Trustee)	$0	$0
Holly Ngo (Trustee)	$0	$0

990-PF

Filed on Sept. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

View Filing (2 of 2)

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2015

Revenue

$64,128

Expenses

$180,785

Net Income

-$116,657

Net Assets

$9,085,193

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$64,128	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$122,000	67.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,085,193
Total Liabilities	$0
Net Assets	$9,085,193

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$116,771

Expenses

$191,231

Net Income

-$74,460

Net Assets

$9,067,566

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$111,545	95.5%
Sales of Assets	$0
Other Income	$5,226	4.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,800	52.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,067,566
Total Liabilities	$0
Net Assets	$9,067,566

Compensation

Key Employees and Officers	Compensation	Other
Doan L Phung (Trustee)	$0	$0
Thu Le Doan (Trustee)	$0	$0

990-PF

Filed on May 13, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$325,001

Expenses

$140,777

Net Income

$184,224

Net Assets

$10,824,899

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	61.5%
Interest Revenue	$60	0.0%
Dividends	$106,960	32.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$93,000	66.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,824,899
Total Liabilities	$0
Net Assets	$10,824,899

Compensation

Key Employees and Officers	Compensation	Other
Doan L Phung (Trustee)	$0	$0
Thu Le Doan (Trustee)	$0	$0

990-PF

Filed on Sept. 11, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$204,963

Expenses

$180,003

Net Income

$24,960

Net Assets

$11,117,407

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$137,614	67.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$174,116	96.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,412,857
Total Liabilities	$295,450
Net Assets	$11,117,407

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,244,397

Expenses

$427,132

Net Income

$817,265

Net Assets

$10,558,764

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$930,000	74.7%
Interest Revenue	$669	0.1%
Dividends	$169,093	13.6%
Sales of Assets	$0
Other Income	$29,462	2.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$421,100	98.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,558,765
Total Liabilities	$1
Net Assets	$10,558,764

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated June 30, 2025

Vietnamese American Scholarship Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $791k (2024)

Expenses $198k (2024)

Total Assets $8.59M (2024)

Total Liabilities $331k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$791k (2024)

Expenses

$198k (2024)

Total Assets

$8.59M (2024)

Total Liabilities

$331k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001