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VietNow National Headquarters (DISSOLVED)

CharityWatch report issued
April 2017

F
CharityWatch Grade
Our independent grade based
on a number of factors.
 
4%
Program Percentage
Amount spent on programs
relative to overhead.
 
$88
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

VietNow National Headquarters (DISSOLVED)
1835 Broadway
Rockford, IL 61104

Other Names

VeteransNow

Tax Status

501(c)19

Website

www.vietnow.com

Stated Mission

To assist veterans and their families with the unique problems they face and to increase the awareness of these issues.

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Data based on Fiscal Year Ended 06/30/2016

Program Percentage: 4%

The percentage of VietNow National Headquarters (DISSOLVED)'s cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$1,900,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $88

How many dollars VietNow National Headquarters (DISSOLVED) spends on fundraising to raise each $100 of contributions.

$1,900,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
VietNow National Headquarters IRS Form 990 36-3420947
VietNow National Headquarters Audited Financial Statements 36-3420947
Entity: VietNow National Headquarters
Document Type: IRS Form 990
Tax ID: 36-3420947
Entity: VietNow National Headquarters
Document Type: Audited Financial Statements
Tax ID: 36-3420947

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
VietNow National Headquarters (DISSOLVED)
does not meet governance benchmarks.
 
VietNow National Headquarters (DISSOLVED)
does not meet transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

Unable to Provide Salaries

CharityWatch is unable to provide a range of Top Three Salaries for this charity for the above fiscal reporting year because we lack complete salary data for the organization. Except for officers, directors, and trustees, the IRS does not require breakouts of salaries totaling less than $100,000.

For example, XYZ charity would be required to provide a breakout in its tax form of compensation to its president of $55,000, but would not be required to provide a breakout of $99,000 in compensation to its top medical researcher if that person is not also an officer, director, or trustee of the organization.

This charity reports that compensation to its officers, directors, and trustees is under $100,000 per individual. Donors who would like to view limited salary data for this organization should refer to its tax form, which may be available on the charity's web site or from a number of third-party sources. See CharityWatch's Links page for information on obtaining copies of charity tax forms.


CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
According to the VietNow National Headquarters Independent Auditor's Report dated January 9, 2017, the charity received a Qualified Audit Opinion for fiscal 2016. The auditors provided the following Basis for Qualified Opinion:

"Contributions were collected by many Agencies for Vietnow National Headquarters. We were unable to obtain sufficient audit evidence about the amount recognized for the contributions collected by the Agencies for Vietnow National Headquarters... We were neither present when plans were established for the collection of such contributions, nor were we present during the actual collections for the year ended June 30, 2016 and 2015. Our examination of contributions received was limited to the amount collected and reported as such to Vietnow National Headquarters. Consequently, we were unable to determine whether any adjustments to those amounts were necessary."


According to the VietNow National Headquarters audit of June 30, 2016 (Note 9, Fundraising Receivables and Revenues):

"As of June 30, 2016 and 2015, approximately 99% and 99%, respectively, of VietNow's total revenues were generated by professional fundraisers. As of June 30, 2016 and 2015, 100% of the fundraising receivable balances was generated by the professional fundraisers. Funds were solicited from the general public by phone calls made on behalf of VietNow. Under the terms of the agreements with various fundraisers, VietNow receives approximately 8% to 11% of contributions."

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