Better Business Bureau Report for
Vietnamese Association of IL

Better Business Bureau Report issued May 2011
Better Business Bureau Report expires May 2013


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Vietnamese Association of IL
Address: 5252 N Broadway
  Chicago, IL 60640
Phone: (773) 728-3700
(773) 728-3700
Web Address: www.vietnamese-illinois.org
Also known as:None
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Better Business Bureau Comments

Formerly known as:None

Year, State Incorporated: 1976, Illinois
Affiliates: None
Stated Purpose: Our Mission is to strengthen and perpetuate the unity and solidarity of the Vietnamese residing in the state of Illinois. To generate and implement the mutual assistance spirit among the Vietnamese ethnic group members. To promote, support and develop cultural, social and educational programs to serve people in Illinois. To foster the development and strength of various Vietnamese organizations in the state of Illinois.

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Evaluation Conclusions

              

Vietnamese Association of IL does not meet the following 4 Standards for Charity Accountability.

Standard 6: Board Policy on Effectiveness - Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.

Vietnamese Association of IL does not meet this Standard because:

  • The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.

Standard 14: Budget - Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

Vietnamese Association of IL does not meet this Standard because, when the organization provided budget information, it indicated that the budget:

  • Did not identify total projected program service expenses.
  • Did not identify total projected administrative expenses.

Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

Vietnamese Association of IL does not meet this standard because the most recent annual report did not include:

  • Total income.
  • Total program expenses.
  • Total expenses for each program in the same categories that appear in the organization’s financial statements.
  • Total fund raising expenses.
  • Total administrative expenses.
  • Total end of year net assets.

Standard 18: Privacy for Written Appeals & Internet Privacy - Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

In addition, the BBB of Chicago & Northern Illinois requested but did not receive complete information on the organization’s solicitation materials and fundraising disclosures and is unable to verify the organization's compliance with the following 2Standards for Charity Accountability: 15 and 19.
Vietnamese Association of IL meets the remaining 14 Standards for Charity Accountability.
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Programs

              

The Vietnamese Association of Illinois provides the following services to our community Health Program Youth Program (After school) Healthy Asian Youth program ESL Program Computer Literacy Program Employment Program Vietnamese Class Outreach/Interpretation Program Community Care/Senior Program

For the fiscal year ended June 30, 2009, Vietnamese Association of IL's program expenses were:

  
Salaries 926,304
Interest 76,880
Payroll taxes 72,325
Employee benefits 59,243
Depreciation 45,669
Professional and contracted services 42,454
Printing 24,907
Occupancy 21,949
Real estate and parking taxes 14,312
Program expenditures 12,649
Telecommunications 10,223
Insurance, general liability and officers 9,912
Office equipment rent, repairs, and maintenance 3,911
Office supplies 2,927
Postage and courier 2,716
Dues and subscriptions 450
Travel and transportation 404
Total Program Expenses: $1,327,235
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Governance

              

Chief Executive : Lhakpa Tsering, Executive Director
Compensation*:
$61,000

Chair of the Board: Howard Vu
Chair's Profession / Business Affiliation: President of VAI Board of Directors, radiologist

Co-Chair of the Board : Richard Nguyen

Chair's Profession / Business Affiliation: vice president, realestate

Co-Chair of the Board : 0

Chair's Profession / Business Affiliation: 0

Board Size: 9

Paid Staff Size: 91

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:


Fund raising costs were 9% of related contributions. (Related contributions, which totaled $1,234,938, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Vietnamese Association of IL's audited financial statements for the fiscal year ended June 30, 2009.

Source of Funds  
Contract fees and awards 1,229,609
Parking lot 97,132
Newsletter 31,380
Program service fees 17,712
Other Income 5,329
Interest 355
Total Income $1,381,517


chart



Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: 7%  Administrative: 6% 

Total income   $1,381,517
  Program expenses $1,327,235
  Fund raising expenses 105,287
  Administrative expenses 94,698
 
Total expenses   $1,527,220
Expenses in Excess of Income   (145,703)
Beginning net assets   3,573,202
Other Changes in Net Assets 6,982
Ending net assets   3,434,481
Total liabilities   1,805,654
Total assets   $5,240,135


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

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