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← KYIV SCHOOL OF ECONOMICS

Form 990 for tax year 2023

Filed by KYIV SCHOOL OF ECONOMICS.

Totals

Total revenue
$52,825,850
Total expenses
$33,970,570
Contributions and grants received
$50,189,381
Grants paid
$26,741,008
Program service revenue
$1,261,514
Investment income
$547,653
Other revenue
$827,302
Total assets, end of year
$34,118,658
Total liabilities, end of year
$1,405,856
Net assets or fund balances, end of year
$32,712,802
Program services expenses (Part IX)
$30,714,836
Management and general expenses
$439,333
Fundraising expenses
$2,816,401
Program service expenses (Part III)
$30,714,836

Program services were 90.4% 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.

  • 1f · All other contributions, gifts and grants

    $50,189,381

  • 2a · Program service revenue: Tuition

    total $1,261,514 · related or exempt $1,261,514

  • 3 · Investment income

    total $547,653 · related or exempt $547,653

  • 11a · Other revenue: Other Income

    total $827,302 · related or exempt $827,302

  • 11e · Other revenue, total

    $827,302

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $26,741,008 · program services $26,741,008

  • 5 · Compensation of officers, directors and key employees

    total $4,350,193 · program services $2,710,489 · management and general $100,886 · fundraising $1,538,818

  • 13 · Office expenses

    total $1,950,270 · program services $587,678 · management and general $107,467 · fundraising $1,255,125

  • 16 · Occupancy

    total $331,358 · program services $331,358

  • 17 · Travel

    total $17,877 · fundraising $17,877

  • 22 · Depreciation, depletion and amortization

    total $196,013 · program services $161,963 · management and general $34,050

  • 24a · Other expenses: Impairment of assets

    total $27 · program services $27

  • 24e · All other expenses

    total $383,824 · program services $182,313 · management and general $196,930 · fundraising $4,581

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,579,256 · end of year $28,176,914

  • 4 · Accounts receivable

    beginning of year $511,193 · end of year $494,163

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,342,018 · end of year $630,284

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

    $3,199,102

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

    $196,013

  • 10c · Land, buildings and equipment, net

    beginning of year $3,159,445 · end of year $3,003,089

  • 15 · Other assets

    beginning of year $851,605 · end of year $1,814,208

  • 17 · Accounts payable and accrued expenses

    beginning of year $668,678 · end of year $882,352

  • 19 · Deferred revenue

    beginning of year $358,687 · end of year $465,579

  • 24 · Unsecured notes and loans payable

    beginning of year $38,394 · end of year $57,925

  • 25 · Other liabilities

    beginning of year $160,519

  • 27 · Net assets without donor restrictions

    beginning of year $12,216,353 · end of year $30,711,916

  • 28 · Net assets with donor restrictions

    beginning of year $2,000,886 · end of year $2,000,886

Mission and programs · 2023

Mission

Kyiv School of Economics forges links between economics, academics and government deicision makers to strengthen and develop sound economic policy in Ukraine and all areas of FSU. Provide Citize of Ukraine chartitable aid and assistance to overcome ravages of war in Ukraine.

  • Provide charitable aid and assistance to the Citizens and students of Ukraine, to overcome the ravages of war and to provide for their general humanitarian needs.

    Expenses $26,567,438

  • ENGLISH LANGUAGE BACHELOR AND MASTERS PROGRAM IN ECONOMICS, PUBLIC POLICY, IT AND MANAGEMENT.

    Expenses $4,147,398 · Grants $355,911 · Revenue $1,145,265

As filed on the 2023 return.

Listed in Part VII

  • Svitlana Denysenko

    DIRECTOR OF CF

    Total calculated
    $45,210
    From this org
    $45,210
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Roman Basalyha

    Director of Subsidiary

    Total calculated
    $33,743
    From this org
    $33,743
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tymofii Brik

    RECTOR

    Total calculated
    $28,287
    From this org
    $28,287
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Shneider

    CEO

    Total calculated
    $22,540
    From this org
    $22,540
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Svitlana Skorokhod

    CFO

    Total calculated
    $4,706
    From this org
    $4,706
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tymofiy Mylovanov

    PRESIDENT

    Total calculated
    $1,772
    From this org
    $1,772
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alex Lissitsa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Herbst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Volodymyr Popereshniuk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Oleksandr Zholud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Svyatoslav Vakarchuk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Torbjrn Becker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Roger Myerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peter Chernyshov

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Anna Nagurney

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Oleksandr Kravchenko

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Makar Paseniuk

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tomas Fiala

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Olena Bilan

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Serhii Ivaniuta

    CFO

    Total calculated
    $0
    Hours/week
    0

  • Natalia Shapoval

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

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.

  • KSE CHARITABLE FOUNDATION

    Support and development of KSE Unversity · UP

    Directly controlled by Kyiv School of Economics

  • KYIV SCHOOOL OF ECONOMICS UNIVERSIT

    Education · UP

    Directly controlled by KSE CHARITABLE FOUNDATION

  • Brologistik LTD

    Owns School Building · UP

    Directly controlled by Kyiv School of Ecnomics University

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349306601

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