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← U S RUSSIA FOUNDATION FOR ECNOMIC ADVANCEMENT AND THE RULE OF LAW

Form 990 for tax year 2022

Filed by U S RUSSIA FOUNDATION FOR ECNOMIC ADVANCEMENT AND THE RULE OF LAW.

Totals

Total revenue
$8,625,146
Total expenses
$10,710,430
Contributions and grants received
$0
Grants paid
$5,769,471
Program service revenue
$0
Investment income
$8,620,494
Other revenue
$4,652
Total assets, end of year
$314,073,937
Total liabilities, end of year
$1,075,985
Net assets or fund balances, end of year
$312,997,952
Program services expenses (Part IX)
$6,894,346
Management and general expenses
$3,816,084
Fundraising expenses
$0
Program service expenses (Part III)
$6,894,346

Program services were 64.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $4,040,356 · excluded $4,040,356

  • 7a · Gross sales of assets other than inventory

    securities $96,663,298

  • 7b · Less cost or other basis and sales expenses

    securities $92,083,160

  • 7c · Gain or loss

    securities $4,580,138

  • 7d · Net gain or loss

    total $4,580,138 · excluded $4,580,138

  • 11a · Other revenue: OTHER

    total $4,652 · excluded $4,652

  • 11e · Other revenue, total

    $4,652

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,107,690 · program services $4,107,690

  • 3 · Grants to foreign organizations and individuals

    total $1,661,781 · program services $1,661,781

  • 5 · Compensation of officers, directors and key employees

    total $1,215,690 · program services $203,201 · management and general $1,012,489

  • 7 · Other salaries and wages

    total $312,830 · program services $311,723 · management and general $1,107

  • 8 · Pension plan contributions

    total $94,352 · program services $74,640 · management and general $19,712

  • 9 · Other employee benefits

    total $88,034 · program services $50,647 · management and general $37,387

  • 10 · Payroll taxes

    total $96,473 · program services $36,101 · management and general $60,372

  • 11b · Fees: legal

    total $135,467 · management and general $135,467

  • 11c · Fees: accounting

    total $56,369 · management and general $56,369

  • 11f · Fees: investment management

    total $2,035,853 · management and general $2,035,853

  • 11g · Fees: other

    total $185,934 · program services $177,131 · management and general $8,803

  • 13 · Office expenses

    total $45,980 · program services $29,539 · management and general $16,441

  • 14 · Information technology

    total $67,469 · program services $37,044 · management and general $30,425

  • 16 · Occupancy

    total $267,091 · program services $166,772 · management and general $100,319

  • 17 · Travel

    total $226,157 · program services $25,086 · management and general $201,071

  • 19 · Conferences, conventions and meetings

    total $7,989 · management and general $7,989

  • 22 · Depreciation, depletion and amortization

    total $17,832 · program services $9,791 · management and general $8,041

  • 23 · Insurance

    total $83,733 · management and general $83,733

  • 24a · Other expenses: DUES & MEMBERSHIPS

    total $3,200 · program services $3,200

  • 24b · Other expenses: TAXES, LICENSES & FEES

    total $506 · management and general $506

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $197,987 · end of year $139,388

  • 2 · Savings and temporary cash investments

    beginning of year $7,712,434 · end of year $15,693,098

  • 4 · Accounts receivable

    beginning of year $38,827 · end of year $46,203

  • 9 · Prepaid expenses and deferred charges

    beginning of year $86,858 · end of year $44,896

  • 10a · Land, buildings and equipment: cost or other basis

    $116,771

  • 10b · Land, buildings and equipment: accumulated depreciation

    $112,520

  • 10c · Land, buildings and equipment, net

    beginning of year $22,083 · end of year $4,251

  • 11 · Investments: publicly traded securities

    beginning of year $235,129,200 · end of year $210,594,032

  • 12 · Investments: other securities

    beginning of year $95,325,457 · end of year $87,500,885

  • 15 · Other assets

    beginning of year $20,388 · end of year $51,184

  • 17 · Accounts payable and accrued expenses

    beginning of year $424,009 · end of year $301,014

  • 18 · Grants payable

    beginning of year $428,375 · end of year $774,971

  • 27 · Net assets without donor restrictions

    beginning of year $185,180,850 · end of year $160,497,952

  • 28 · Net assets with donor restrictions

    beginning of year $152,500,000 · end of year $152,500,000

Mission and programs · 2022

Mission

THE U.S. RUSSIA FOUNDATION (USRF) WAS FOUNDED IN 2008 AS A LEGACY ORGANIZATION OF THE U.S. RUSSIA INVESTMENT FUND (TUSRIF), WHOSE MISSION WAS TO SUPPORT THE INDEPENDENT PRIVATE SECTOR AS A BULWARK OF DEMOCRACY IN RUSSIA. TODAY, USRF SUPPORTS THE LONG-TERM FUTURE OF A MARKET-BASED DEMOCRATIC SYSTEM IN RUSSIA BY MAKING GRANTS IN THREE MAIN AREAS: MEDIA & FREE ENTERPRISE, RULE OF LAW, AND CIVIL SOCIETY & EXPERTISE.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • CIVIL SOCIETY & EXPERTISE (CSE): SUPPORT FOR PRO-DEMOCRACY RUSSIAN CIVIL SOCIETY GROUPS AND NETWORKS INSIDE AND OUTSIDE RUSSIA, INCLUDING OPPORTUNITIES FOR TRAINING AND CAPACITY BUILDING. SUPPORT FOR TEACHING AND PROFESSIONAL DEVELOPMENT AIMED AT INCREASING EXPERTISE ON RUSSIA IN THE UNITED STATES.

    Expenses $3,899,058 · Grants $3,276,530

  • RULE OF LAW: SUPPORT FOR OUTREACH, EDUCATION, AND TRAINING IN INTERNATIONAL AND DOMESTIC LAW, EXPERTISE AND BEST PRACTICES THAT BUILD THE CAPACITY OF RUSSIANS TO DEVELOP AND SUSTAIN LAWS, INSTITUTIONS, AND JURISPRUDENCE THAT PROTECT CITIZENS' RIGHTS AND THAT WILL ENABLE GOOD GOVERNANCE AT THE LOCAL, REGIONAL, AND NATIONAL LEVELS. USRF IS COMMITTED TO PROTECTING THE VULNERABLE AND ADVANCING PRO-DEMOCRACY INSTITUTIONS IN RUSSIA AS WELL AS CAPACITY BUILDING FOR RUSSIAN ATTORNEYS.

    Expenses $1,538,122 · Grants $1,268,428

  • MEDIA & FREE ENTERPRISE (MFE): SUPPORT FOR INDEPENDENT RUSSIAN MEDIA IN EFFORTS TO REACH AUDIENCES INSIDE AND OUTSIDE OF RUSSIA, DEVELOP IT INFRASTRUCTURE AND INNOVATIVE TECHNOLOGICAL APPROACHES, AND ESTABLISH SUSTAINABLE BUSINESS MODELS. SUPPORT FOR PRO-DEMOCRACY RUSSIAN EXILE COMMUNITIES THROUGH TRAINING IN LEGAL, REGULATORY, ECONOMIC, AND BUSINESS PRACTICES THAT STRENGTHEN FREE ENTERPRISE AND PRIVATE ENTREPRENEURSHIP.

    Expenses $1,457,166 · Grants $1,224,513

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Celeste Wallander

    CHIEF EXEC. OFFICER- UNTIL 01/2022

    Total calculated
    $273,105
    From this org
    $210,311
    From related orgs
    $0
    Other
    $62,794
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $43,901
    Bonus
    $0
    Other
    $166,410
    Deferred
    $52,589
    Nontaxable benefits
    $10,205
    Filer's total
    $273,105

  • Matthew Rojansky

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $431,621
    From this org
    $341,482
    From related orgs
    $0
    Other
    $90,139
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,039
    Bonus
    $35,000
    Other
    $2,443
    Deferred
    $61,000
    Nontaxable benefits
    $29,139
    Filer's total
    $431,621

  • John R Beyrle

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    18

  • Karen N Horn

    VICE CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    8

  • Stephen Biegun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dr Jenne K Britell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • The Honorable James F Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • Susan Eisenhower

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Thomas Firestone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • R Craig Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • The Honorable Michael M Mihm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Steven L Pease

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • Gregory Rigdon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Charles E Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • Alan Griffin

    COO/CFO

    Total calculated
    $363,999
    From this org
    $281,294
    From related orgs
    $0
    Other
    $82,705
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,814
    Bonus
    $13,191
    Other
    $4,289
    Deferred
    $56,259
    Nontaxable benefits
    $26,446
    Filer's total
    $363,999

  • Lori Jones

    ASST. TREASURER/SECRETARY

    Total calculated
    $146,964
    From this org
    $111,210
    From related orgs
    $0
    Other
    $35,754
    Hours/week
    40

  • Maria Lvova

    SENIOR PROGRAM OFFICER

    Total calculated
    $140,907
    From this org
    $100,075
    From related orgs
    $0
    Other
    $40,832
    Hours/week
    40

  • Gennady Podolny

    SENIOR GRANTS MANAGER

    Total calculated
    $139,379
    From this org
    $106,115
    From related orgs
    $0
    Other
    $33,264
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
IN 2022, CELESTE WALLANDER RECEIVED A SEVERANCE PAYMENT OF $163,060.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • THE US RUSSIA INVESTMENT FUND LLC

    INVESTMENTS · DE · income $1,743,174 · assets $140,726,833

    Directly controlled by US RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW

Provenance

Return type
form_990
Tax year
2022
Filed
9 August 2023
IRS schema version
2022v5.0
Source object
202312219349301406

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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