2024-05-13T16:14:51-05:00 2023-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-07-01 455152480 FULBRIGHT UNIVERSITY VIETNAM USA INC FULB 7812924710 1763 GREAT PLAIN AVENUE CURIE HOUS NEEDHAM MA 02492 BENJAMIN WILKINSON EXECUTIVE DIRECTOR 7812924710 2024-05-13 1 BENJAMIN WILKINSON 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BENJAMIN WILKINSON 1763 GREAT PLAIN AVENUE CURIE HOUSE NEEDHAM MA 02492 3152257 0 X WWW.FUVUSA.ORG X 2012 MA TO PROVIDE FINANCIAL SUPPORT FOR HIGHER EDUCATION IN VIETNAM. 18 18 4 60 0 0 3191180 2978552 0 0 -7834 -9392 0 217 3183346 2969377 1815634 1251597 0 0 779777 792990 48000 48000 441382 973082 1240165 3616493 3332752 -433147 -363375 1164671 990824 535317 674139 629354 316685 X FULBRIGHT UNIVERSITY VIETNAM USA, INC. (FUV USA) WAS FOUNDED TO SUPPORT THE DEVELOPMENT OF WELL-GOVERNED, HIGHER EDUCATION INSTITUTIONS THAT RESPOND TO VIETNAM'S ACUTE DEMAND FOR HUMAN AND KNOWLEDGE CAPITAL AND THAT ADVANCE EXCHANGE AND COLLABORATION BETWEEN THE UNITED STATES AND VIETNAM. FUV USA PLAYS A LEADERSHIP ROLE IN THE ONGOING DEVELOPMENT OF FULBRIGHT UNIVERSITY VIETNAM (FUV). FUV USA IS DEDICATED TO SUPPORTING FUV'S EMERGENCE AS AN INNOVATIVE, FINANCIALLY SUSTAINABLE VIETNAMESE ACADEMIC INSTITUTION, FOUNDED ON PRINCIPLES OF GOOD GOVERNANCE AND COMMITTED TO ACADEMIC FREEDOM AND INTELLECTUAL PLURALISM. 0 0 2680321 1251597 FUVUSA SUPPORTS INSTITUTIONAL INNOVATION IN VIETNAMESE HIGHER EDUCATION. WE PURSUE THIS MISSION PRIMARILY THROUGH OUR PARTICIPATION IN THE FULBRIGHT UNIVERSITY VIETNAM (FUV) INITIATIVE, VIETNAM'S FIRST PRIVATE, NONPROFIT UNIVERSITY. FUV IS BEING BUILT ON THE PRINCIPLES OF TRANSPARENCY, ACCOUNTABILITY, ACADEMIC FREEDOM, AND MERITOCRACY. FUVUSA CONTRIBUTES TO FUV BY SERVING AS THE UNIVERSITY'S HIGHEST GOVERNING AUTHORITY, AS A "SYSTEMS INTEGRATOR" CONNECTING FUV WITH GLOBAL KNOWLEDGE NETWORKS AND PARTNERS, AND AS A MOBILIZER OF FINANCIAL RESOURCES FOR THE PROJECT. FUVUSA STEWARDS MUCH OF THE FEDERAL FUNDING THAT IS CATALYZING FUV'S INITIAL GROWTH. 2680321 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 7 0 1 4 1 0 1 VM 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X BENJAMIN WILKINSON 7812924710 1763 GREAT PLAIN AVENUE CURIE HOUSE NEEDHAM MA 02492 THOMAS VALLELY CHAIRPERSON 10.00 1.00 X X 0 0 0 NGA TRAN TREASURER 3.00 1.00 X X 0 0 0 LEON BOTSTEIN DIRECTOR 1.00 1.00 X 0 0 0 HOANG THI MAI HUONG DIRECTOR 1.00 1.00 X 0 0 0 TRANG TRONG KIEN DIRECTOR 1.00 1.00 X 0 0 0 LE HOAI NAM DIRECTOR 1.00 1.00 X 0 0 0 CUONG DO DIRECTOR 1.00 1.00 X 0 0 0 HENRY NGUYEN DIRECTOR 1.00 1.00 X 0 0 0 FRANCES ZWENIG DIRECTOR 1.00 1.00 X 0 0 0 QUOC LE DIRECTOR 1.00 1.00 X 0 0 0 CHRIS HELZER DIRECTOR 1.00 1.00 X 0 0 0 TRAN THI THU HUONG DIRECTOR 1.00 1.00 X 0 0 0 CHRISTY LE DIRECTOR 1.00 1.00 X 0 0 0 KATHLEEN MATTHEWS DIRECTOR 1.00 1.00 X 0 0 0 NGO BAO CHAU DIRECTOR 1.00 1.00 X 0 0 0 LIEN-HANG NGUYEN DIRECTOR 1.00 1.00 X 0 0 0 DAVID DUONG DIRECTOR 1.00 1.00 X 0 0 0 CHRIS MALONE DIRECTOR 1.00 1.00 X 0 0 0 BENJAMIN WILKINSON EXECUTIVE DIRECTOR, BOARD CLERK 32.00 8.00 X 192669 0 43356 PETER WELSH CHIEF OPERATING OFFICER 40.00 X 199529 0 21413 ADAM STEINBERG DIR. OF DEV'L & OUTREACH 40.00 X 144001 0 37780 536199 0 102549 3 0 1 0 NET ASSETS CONSULTING 68 WARWICK ROAD WEST NEWTON MA 02465 OUTSOURCED DIRECTOR OF FINANCE 167254 KAE STRATEGIES 2101 L STREET NW SUITE 800 WASHINGTON DC 20037 GOVERNMENT RELATIONS /LOBBYING 150000 GREENLIGHT STRATEGIES LLC 5705 CROMWELL DRIVE BETHESDA MD 20816 COMMUNICATIONS CONSULTANT 120000 PERRETT LAVER 1901 WILSON HOUSE 19-27 WYNDHAM ST HONG KONG CH EMPLOYMENT SEARCH CONSULTANT 109000 4 2902998 75554 2978552 9384 9384 164104 182880 -18776 -18776 -18776 MISCELLANEOUS 900099 217 217 217 2969377 0 0 -9175 X 460000 460000 791597 791597 468364 409262 18957 40145 227723 75659 13655 138409 21985 6858 1342 13785 31802 19309 2652 9841 43116 27886 2732 12498 114528 38124 54937 21467 41250 41250 48000 48000 2771 2771 668878 644646 9813 14419 16207 6906 3265 6036 44603 20084 14543 9976 304592 175447 60140 69005 10074 249 9825 34127 1925 26412 5790 PAYROLL PROCESSING FEES 2199 2369 -170 FILING FEES 603 603 MISCELLANEOUS 333 333 3332752 2680321 211049 441382 392845 89612 26861 20505 355263 449468 34055 34202 27857 24352 327790 372685 1164671 990824 535317 674139 535317 674139 X 441789 149421 187565 167264 629354 316685 1164671 990824 -363375 50706 0 X 0 1 X 1 1 1 X 7032517 8671949 4816753 3191180 2978552 26690951 7032517 8671949 4816753 3191180 2978552 26690951 465288 26225663 2095 2114 514 30342 9384 44449 217 217 26735617 0.98090 0.99130 X SCHEDULE A, PART II - SHORT YEAR: THE ORGANIZATION CHANGED ITS YEAR END FROM 9/30 TO 6/30, EFFECTIVE 6/30/2019. THEREFORE, THE INFORMATION IN THE 2018 COLUMN REPRESENTS THE SHORT YEAR 10/1/2018 - 6/30/2019. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 41250 41250 0 PART II-B, LINE 1: CONTRACTED WITH AN OUTSIDE CONSULTANT TO ADVISE ON DEVELOPING AND IMPLEMENTING STRATEGIES FOR SUSTAINING FEDERAL FUNDING TO FUV. ENGAGED WITH THE EXECUTIVE BRANCH AND CONGRESS IN SUPPORT OF THESE STRATEGIES. 354651 38539 393190 403158 20000 -68507 354651 100534 300000 2624 403158 99325 1209 100534 97561 1764 99325 0.58500 0.41500 0 0 0 3017312 50706 50706 2966606 2771 2771 2969377 3329981 0 3329981 2771 2771 3332752 PART V, LINE 4: FUVUSA INTENDS TO USE ITS ENDOWMENT FOR FUTURE SCHOLARSHIPS. THE ENDOWMENT CONSISTS OF DONOR-RESTRICTED AND BOARD DESIGNATED ENDOWMENT FUNDS. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF DIRECTORS HAS INTERPRETED THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) AS ALLOWING FUVUSA TO EITHER APPROPRIATE FOR EXPENDITURES OR ACCUMULATE SO MUCH OF THE ENDOWMENT FUND AS FUVUSA DETERMINES IS PRUDENT FOR THE USES, BENEFITS, PURPOSES AND DURATION FOR WHICH THE ENDOWMENT FUND IS ESTABLISHED, SUBJECT TO THE INTENT OF THE DONOR AS EXPRESSED IN THE GIFT INSTRUMENT. UNLESS STATED OTHERWISE IN THE GIFT INSTRUMENT, THE ASSETS IN THE ENDOWMENT FUND WILL BE DONOR-RESTRICTED ASSETS UNTIL APPROPRIATED FOR EXPENDITURE BY THE BOARD OF DIRECTORS. THE REMAINING PORTION OF THE DONOR-RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 791597 0 0 0 0 0 0 791597 0 791597 EAST ASIA AND THE PACIFIC SUPPORT OF EDUCATIONAL DEVELOPMENT & RESTRICTED DONATION TRANSFERS 791597 WIRE TRANSFER 0 0 1 1 0 1 0 0 0 PART I, LINE 2: FUVUSA MONITORS ITS GRANTEE THROUGH A COMBINATION OF REPORTING REQUIREMENTS AND SITE VISITS. FUVUSA REQUIRES DETAILED MONTHLY FINANCIAL REPORTS. FUVUSA MONITORS RISKS ASSOCIATED WITH THE FOREIGN GRANTEE, FULBRIGHT UNIVERSITY VIETNAM. FUVUSA ALSO REQUIRES QUARTERLY PROGRAMMATIC REPORTS TO MONITOR PROGRESS ON ACTIVITIES IT FUNDS. FUVUSA EXERCISES ADDITIONAL OVERSIGHT OF THE GRANTEE'S INTERNAL PROCEDURES AND POLICIES BY ADVISING ITS GRANTEE ON POLICIES IT NEEDS TO ESTABLISH AND THE TYPE OF BEST PRACTICES RECOMMENDED FOR VARIOUS POLICY AREAS. FINALLY, FUVUSA REQUIRES DOCUMENTED REVIEWS OF THE GRANTEE'S FINANCIAL STATEMENTS, PROCESSES, AND AUDIT REPORTS AND FINDINGS. FUVUSA FOLLOWS UP AND MONITORS ANY MATERIAL ISSUES. IN ADDITION TO REVIEWING WRITTEN REPORTS AND POLICIES, FUVUSA'S SENIOR LEADERSHIP TAKES PERIODIC TRIPS TO VIETNAM TO CONDUCT ON-SITE REVIEWS AND MEETINGS. PART III ACCOUNTING METHOD: X X X X 1 ROBERT SCHIFFER 3805 RAYMOND ST CHEVY CHASE MD 20815 HELPING TO DEVELOP RELATIONSHIPS AND POTENTIAL FUTURE DONORS 0 0 48000 -48000 48000 -48000 MA 1 HARVARD UNIVERSITY 1350 MASSACHUSETTS AVENUE CAMBRIDGE MA 02138 042103580 501(C)(3) 460000 0 TO SUPPORT THE GRADUATE SCHOOL OF PUBLIC POLICY AT FUV WITH CURRICULUM DEVELOPMENT AND POLICY RESEARCH. 1 0 PART I, LINE 2: FUVUSA MONITORS ITS GRANTEE THROUGH A COMBINATION OF REPORTING REQUIREMENTS AND PERIODIC COMMUNICATION REGARDING THE PROGRAM ACTIVITIES. X X 0 0 0 0 0 0 0 0 0 BENJAMIN WILKINSON EXECUTIVE DIRECTOR, BOARD CLERK 192669 0 0 0 0 0 20000 0 23356 0 236025 0 0 0 PETER WELSH CHIEF OPERATING OFFICER 199529 0 0 0 0 0 20000 0 1413 0 220942 0 0 0 ADAM STEINBERG DIR. OF DEV'L & OUTREACH 144001 0 0 0 0 0 14424 0 23356 0 181781 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY FUVUSA MANAGEMENT. A COPY WAS THEN PROVIDED TO THE THE BOARD BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C WHENEVER A DIRECTOR OR OFFICER HAS A FINANCIAL OR PERSONAL INTEREST IN ANY MATTER COMING BEFORE THE BOARD OF DIRECTORS, THE AFFECTED PERSON DISCLOSES THE NATURE OF THE INTEREST, WITHDRAWS FROM ANY DISCUSSIONS, LOBBYING OR VOTING ON THE MATTER. ANY TRANSACTION OF VOTE INVOLVING A POTENTIAL CONFLICT OF INTEREST IS APPROVED ONLY WHEN A MAJORITY OF DISINTERESTED DIRECTORS DETERMINE THAT IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO. THE MINUTES OF THE MEETINGS AT WHICH SUCH VOTES ARE TAKEN RECORDS SUCH DISCLOSURE, ABSTENTION AND RATIONALE FOR APPROVAL. EMPLOYEES, OFFICERS AND DIRECTORS ANNUALLY COMPLETE A CONFLICT OF INTEREST ATTESTATION STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION ARRANGEMENTS MUST BE APPROVED IN ADVANCE BY A DESIGNATED APPROVAL BODY OF FUVUSA'S COMPOSED ENTIRELY OF INDIVIDUALS THAT DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. WHEN THIS BODY IS CONSIDERING COMPENSATION TO COVERED INDIVIDUALS, IT RELIES ON COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. THE APPROVAL BODY MUST DOCUMENT HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED. THE LAST COMPENSATION REVIEW TOOK PLACE IN MAY 2019. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 143,844. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,659. TOTAL EXPENSES 145,503. SEARCH FIRM: PROGRAM SERVICE EXPENSES 112,307. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 112,307. CONSULTING: PROGRAM SERVICE EXPENSES 388,495. MANAGEMENT AND GENERAL EXPENSES 9,813. FUNDRAISING EXPENSES 12,760. TOTAL EXPENSES 411,068. FULBRIGHT UNIVERSITY VIETNAM LO E4-2 D2 LONG THANH MY DISTRICT HO CHI MINH CITY VM UNIVERSITY VM 501(C)(3) FUVC 1 FULBRIGHT UNIVERSITY VIETNAM CORPORATION LO E4-2 D2 LONG THANH MY DISTRICT HO CHI MINH CITY VM UNIVERSITY VM FUVUSA C 30330028 23739700 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 FULBRIGHT UNIVERSITY VIETNAM CORPORATION B 791597 ACTUAL COST FULBRIGHT UNIVERSITY VIETNAM CORPORATION L 1888724 ACTUAL COST