Vietnamese Initiatives in Economic Training
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 45% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
VIETNAMESE INITIATIVES IN ECONOMIC TRAINING WORKS TO DEVELOP EDUCATIONAL AND ECONOMIS TRAINING PROGRAMS, AND ACTS AS A RESOURCE CENTER FOR MINORITY RESIDENTS IN LOUISIANA.
- Income
- $658,402
- Spending
- $518,811
- Spent on programs
- 45%
- Reserves
- 7.6 months of spending
- Largest source of income
- government grants, 68%
- Employees
- 14
- Highest pay
- $42,840, executive director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 78 out of 100. Higher than 53% of charities in its peer group (community improvement, $250k to $1m).
Reserves
28 of 35Spendable reserves would cover 7.6 months of spending.
Debt
20 of 20It owes 5% of what it owns.
Living within its means
15 of 15Income exceeded spending by 21% of income.
Income trend
15 of 15Income rose 70% on the year before.
Spending floor
0 of 1545% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 97 out of 100. Higher than 88% of charities in its peer group (community improvement, $250k to $1m).
Independent board
25 of 257 of 8 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- $80,954 spent. OFFICE OF VIOLENCE AGAINST WOMEN(OVW), THROUGH THE OVW PROGRAM, THE PROGRAM PROVIDES ADVOCACY AND DIRECT SERVICES TO OUR TARGETED NON-ENGLISH SPEAKING UNDERSERVED AND UNDERREPRESENTED INDIVIDUALS AND COMMUNITIES. VIETNAMESE INITIATIVES IN ECONOMIC TRAINING (VIET) PROVIDED DIRECT SERVICES TO THIER CLINETS DURING THE YEAR.
- $54,212 spent. THE FAMILY FIRST PROGRAM RECEIVES FUNDING FROM THE LOUISIANA DEPT. OF CHILDREN & FAMILY SERVICES (DCFS), UNDER THE FAMILY VIOLENCE PREVENTION & INTERVENTION PROGRAMM TO PROVIDE OUTREACH AND EDUCATION SERVICES, INTERPRETING & TRANSLATION, EMPLOYMENT, COUNSELING & REFERRAL SERVICES - TO VICTIMS OF VIOLENCE, SEXUAL ASSAULT AND DATING VIOLENCE.
- $48,795 spent. VOCA - OFFICE FOR VICTIMS OF CRIME/LOUISIANA COMMISSION ON LAW ENFORCEMENT:THROUGH THE VOCA PROGRAM, THE PROGRAM PROVIDES ADVOCACY AND DIRECT SERVICES TO OUR TARGETED NON-ENGLISH SPEAKING UNDERSERVED AND UNDERREPRESENTED INDIVIDUALS AND COMMUNITIES. VIETNAMESE INITIATIVES IN ECONOMIC TRAINING (VIET) PROVIDED DIRECT SERVICES TO THIER CLIENTS DURING THE YEAR.
- $48,776 spent. SNAP-SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM - ASSISTED WITH APPLYING FOR FOOD STAMPS ONLINE, AND PERSONAL OR PHONE ASSISTANCE. ASSISTED WITH APPEALING PROCESS, TRANSLATION AND INTERPRETING SERVICES. PROVIDED EDUCATIONA ND OUTREACH ON HEALTHY LIFESTYLE CHANGES AND WELLNESS AND PROVIDED HEALTHY COOKING DEMONSTRATIONS.PARTNERED WITH ORGANIZAITON TO HELP PROMOTE SNAP PROGRAMS.
- SMALL GRANTS AND OTHER
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2002.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.