Skip to content
Nonprofiteer
← UKRAINE GLOBAL SCHOLARS FOUNDATION

Form 990 for tax year 2024

Filed by UKRAINE GLOBAL SCHOLARS FOUNDATION.

Totals

Total revenue
$454,091
Total expenses
$441,379
Contributions and grants received
$453,941
Grants paid
$0
Program service revenue
$0
Investment income
$150
Other revenue
$0
Total assets, end of year
$306,696
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$306,696
Program services expenses (Part IX)
$350,377
Management and general expenses
$37,657
Fundraising expenses
$53,345
Program service expenses (Part III)
$350,377

Program services were 79.4% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $453,941

  • 1g · Noncash contributions included above

    $41,941

  • 3 · Investment income

    total $150 · related or exempt $0 · unrelated business $0 · excluded $150

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $127,373 · program services $62,968 · management and general $20,327 · fundraising $44,078

  • 10 · Payroll taxes

    total $0 · management and general $0

  • 11c · Fees: accounting

    total $4,686 · management and general $4,686

  • 11g · Fees: other

    total $68,678 · program services $68,156 · management and general $522

  • 12 · Advertising and promotion

    total $748 · program services $0 · management and general $748

  • 13 · Office expenses

    total $1,125 · management and general $1,125

  • 14 · Information technology

    total $53,972 · program services $47,614 · management and general $2,692 · fundraising $3,666

  • 17 · Travel

    total $32,452 · program services $27,478 · management and general $4,974

  • 19 · Conferences, conventions and meetings

    total $8,471 · program services $2,870 · fundraising $5,601

  • 23 · Insurance

    total $2,165 · management and general $2,165

  • 24a · Other expenses: Bank Fees

    total $418 · program services $0 · management and general $418 · fundraising $0

  • 24b · Other expenses: Bootcamp Program Management Fees

    total $112,299 · program services $112,299 · management and general $0 · fundraising $0

  • 24c · Other expenses: Application and Test Fees

    total $28,992 · program services $28,992 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $284,301 · end of year $290,025

  • 2 · Savings and temporary cash investments

    beginning of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,683 · end of year $16,671

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $264,974 · end of year $301,475

  • 28 · Net assets with donor restrictions

    beginning of year $29,010 · end of year $5,221

Mission and programs · 2024

Mission

UGS assists bright Ukrainian high school students from modest backgrounds in getting a world-class education abroad, in exchange for their commitment to returning to Ukraine and working there for at least five years. UGS aims to develop a new generation of Ukrainian leaders capable of creating a victorious and prosperous future in Ukraine today. Through mentorship, education, career guidance, and empowerment for Ukrainian youth, UGS seeks to scale its impact and generate a powerful ripple effect.

  • Student Applications and Admissions: covers boot camp expenses, the Last Mile Fund - which includes insurance, visa fees, transportation, and other relocation expenses - as well as all admissions-related expenses such as SAT, CSS, SSS, and additional fees UGS supports on behalf of its students. UGS 2023 cohort - which included both boarding school seniors and reapplicants - achieved an overall acceptance rate of 69% in 2024. 55 out of 78 students received college acceptance decisions (21 on early decision in December 2023), or a 71% acceptance rate; and 28 out of 43 students got accepted to boarding schools, or a 65% acceptance rate. The colleges include Harvard, Yale, Princeton, Georgetown University, Minerva University, Columbia University, etc. The boarding schools include St. Paul's School, Deerfield Academy, Taft School, Hotchkiss School, 'Iolani School, Westminster School, etc.

    Expenses $229,070

  • Repatriation Program: includes summer internships and first-job placements in Ukraine, along with the Social Impact Internship Fund, which provides stipends and covers related expenses for students participating in unpaid internships. UGS has expanded the UGS Internship Program, which has been in place since 2017, into the UGS Repatriation program to help its students find summer internships in Ukraine and support their return to Ukraine after graduation. Over 50 students completed 60+ internships with 33 employers in 2024. These included for-profit companies like Civitta and Farmak, DIXI, EntroPi Ai, and Support Your App; nonprofits such as Ukrainer, Razom, Teach for Ukraine, and Superhumans Rehabilitation Center; and state institutions, including the Ministry of Digital Transformation of Ukraine, Verkhovna Rada, and Lviv City Council. To further strengthen the program and amplify its impact, UGS successfully piloted the UGS Social-Impact Internship Fund (SIIF), which provided financial assistance for unpaid or low-paying internships at high-impact organizations in Ukraine. The program helped students gain valuable professional experience, build local networks before graduation, and reconnect with their families. In 2024, five UGS students received monthly stipends through SIIF (up to $500/month for up to three months) and additional funding for travel expenses to and from Ukraine in 2024. This year's grantees interned at the Verkhovna Rada, Lviv City Council, Superhumans Rehabilitation Center, Nizhyn Youth Center, and Ukrainer.

    Expenses $83,429

  • Cultural and Auxiliary Support: includes mental health programs, host family arrangements, and participation in cultural and educational events in the US, UK, and Ukraine. This includes student transportation and accommodations-related expenses to host families and events. In 2024, 25 host families welcomed 38 students during holiday breaks, including Easter, Thanksgiving, and winter holidays. In May, ten students from the 2023 Cohort visited Biopharma, a leading biological R&D center in Bila Tserkva, Ukraine, where they explored biochemistry research and career opportunities. On June 21, UGS hosted its Annual Summer Event at MacPaw Space in Kyiv, bringing together over 100 participants - including finalists, alumni, mentors, and partners. In July, UGS alumni organized a Kyiv reunion to share study-abroad experiences and foster mentorship. In September, UGS students met with UGS advisers to discuss Ukraine's socio-political situation and career opportunities for returning students. In partnership with Ukrzaliznytsia, UGS participated in the Zalizna Zmina (Iron Squad) youth education project, where 13 finalists toured Western Ukraine, met with civic leaders, and veterans. In the U.S., UGS co-organized the art exhibition and the UGS Annual Event at Harvard Innovation Labs in Boston, which gathered around 120 participants and featured speakers from the Embassy of Ukraine, Harvard University, and the UGS Board.

    Expenses $37,878

As filed on the 2024 return.

Listed in Part VII

  • Yuliia Lemesh

    Officer President

    Total calculated
    $68,269
    From this org
    $68,269
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yuliya Sychikova

    Chair, Board Member

    Total calculated
    $0
    Hours/week
    2

  • Pavlo Kononenko

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mykhaylo Lemesh

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Marianna Elizabeth Tretiak

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Yuliia Lemesh

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Yullia Lemesh

    Officer Secretary

    Total calculated
    $0
    Hours/week
    3

  • Paul Wojcik

    Officer Treasurer

    Total calculated
    $0
    Hours/week
    3

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.

Provenance

Return type
form_990
Tax year
2024
Filed
1 October 2025
IRS schema version
2024v5.0
Source object
202503099349302480

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

The source document this was parsed from is served over the API, which is where bulk and document access live.