Form 990 for tax year 2023

Filed by UKRAINE GLOBAL SCHOLARS FOUNDATION.

Totals

Total revenue: $415,169
Total expenses: $349,459
Contributions and grants received: $415,044
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $125
Total assets, end of year: $293,984
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $293,984
Program services expenses (Part IX): $308,082
Management and general expenses: $38,477
Fundraising expenses: $2,900
Program service expenses (Part III): $308,082

Program services were 88.2% 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

$415,044
1g · Noncash contributions included above

$84,380
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
11d · All other revenue

total $125 · related or exempt $0 · unrelated business $0 · excluded $125
11e · Other revenue, total

$125

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $39,402 · program services $19,701 · management and general $19,701
7 · Other salaries and wages

total $40,544 · program services $40,544 · management and general $0
10 · Payroll taxes

total $2,826 · program services $1,413 · management and general $1,413
11c · Fees: accounting

total $4,456 · management and general $4,456
13 · Office expenses

total $2,752 · management and general $2,752
14 · Information technology

total $77,488 · program services $74,840 · management and general $2,648
17 · Travel

total $37,698 · program services $36,362 · management and general $1,336
23 · Insurance

total $1,221 · management and general $1,221
24a · Other expenses: Student fees

total $93,334 · program services $93,334 · management and general $0 · fundraising $0
24b · Other expenses: Bank Fees

total $494 · program services $0 · management and general $494 · fundraising $0
24c · Other expenses: Subscriptions

total $3,064 · program services $0 · management and general $164 · fundraising $2,900
24d · Other expenses: Program Supplies

total $41,888 · program services $41,888 · management and general $0 · fundraising $0
24e · All other expenses

total $4,292 · management and general $4,292

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $223,178 · end of year $284,301
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $5,096 · end of year $9,683
11 · Investments: publicly traded securities

beginning of year $0
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0
15 · Other assets

beginning of year $0
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 $218,833 · end of year $264,974
28 · Net assets with donor restrictions

beginning of year $9,441 · end of year $29,010

Mission and programs · 2023

Mission

Assisting Ukrainian students in getting education abroad.

UGS achieved an 88% acceptance rate in 2023. In total, 42 students enrolled in top-world colleges, including 23 students from cohort 2022 and 19 graduates from boarding schools. Our finalists enrolled in Amherst, Georgetown, Pomona, Harvard, UC Berkeley, and Yale.

Expenses $277,608
The UGS Commitment Letter requires every student to complete at least 16 weeks of internships at Ukrainian organizations during their studies. In 2023, 50+ students have completed 60+ internships in various fields. Non-profit organizations, think tanks focusing on Ukraine, Verkhovna Rada of Ukraine, and scientific research projects have attracted most UGS interns in 2023. We signed a memorandum of cooperation for the UGS Internship Program with the public organization DiXi Group and the Center for Economic Strategies, which offered internships to UGS students for the first time this year. Our students interned at DiXi Group, the Center for Economic Strategies, Verkhovna Rada of Ukraine, Nova Ukraine, Razom for Ukraine, ENGin, Precoro, CIVITTA, UNWLA, and Ukrainian Catholic University.

Expenses $16,200
In 2023, 20 host families hosted 40+ students during their holiday breaks. With our scale-up, we are expanding the Host Family Program in the US and have a growing network of hosts in the United Kingdom. In 2023, our students were hosted mainly during the short breaks, with several students staying with host families over the summer due to hardships connected with the war and their families being relocated.

Expenses $14,274

As filed on the 2023 return.

Listed in Part VII

Yuliia Lemesh

Officer President

Total calculated

$36,945

From this org

$36,945

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

3
Yullia Lemesh

Officer Secretary

Total calculated

$0

Hours/week

1
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: 2023
Filed: 18 October 2024
IRS schema version: 2023v5.0
Source object: 202423179349302122

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