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Nonprofiteer
← UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND

Form 990 for tax year 2024

Filed by UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND.

Totals

Total revenue
$63,044,607
Total expenses
$27,080,664
Contributions and grants received
$49,852,000
Grants paid
$20,738,246
Program service revenue
$2,524,877
Investment income
$10,631,731
Other revenue
$35,999
Total assets, end of year
$285,854,402
Total liabilities, end of year
$767,231
Net assets or fund balances, end of year
$285,087,171
Program services expenses (Part IX)
$26,485,200
Management and general expenses
$595,464
Fundraising expenses
$0
Program service expenses (Part III)
$26,485,200

Program services were 97.8% 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.

  • 1e · Government grants (contributions)

    $49,852,000

  • 2a · Program service revenue: INTEREST FROM PRIS

    total $2,524,877 · related or exempt $2,524,877

  • 3 · Investment income

    total $1,947,884 · excluded $1,947,884

  • 7a · Gross sales of assets other than inventory

    securities $9,021,619

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

    securities $337,772

  • 7c · Gain or loss

    securities $8,683,847

  • 7d · Net gain or loss

    total $8,683,847 · related or exempt $8,683,847

  • 11a · Other revenue: MISCELLANEOUS

    total $35,999 · excluded $35,999

  • 11e · Other revenue, total

    $35,999

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $20,738,246 · program services $20,738,246

  • 5 · Compensation of officers, directors and key employees

    total $310,375 · program services $258,500 · management and general $51,875

  • 6 · Compensation of disqualified persons

    total $1,259,063 · program services $1,259,063

  • 7 · Other salaries and wages

    total $1,480,318 · program services $1,376,306 · management and general $104,012

  • 8 · Pension plan contributions

    total $76,941 · program services $65,222 · management and general $11,719

  • 9 · Other employee benefits

    total $254,213 · program services $230,847 · management and general $23,366

  • 10 · Payroll taxes

    total $140,167 · program services $120,753 · management and general $19,414

  • 11b · Fees: legal

    total $296,568 · program services $229,768 · management and general $66,800

  • 11c · Fees: accounting

    total $187,373 · program services $140,530 · management and general $46,843

  • 11g · Fees: other

    total $431,947 · program services $420,430 · management and general $11,517

  • 13 · Office expenses

    total $52,300 · program services $42,732 · management and general $9,568

  • 14 · Information technology

    total $57,616 · program services $46,051 · management and general $11,565

  • 16 · Occupancy

    total $136,076 · program services $102,057 · management and general $34,019

  • 17 · Travel

    total $909,074 · program services $762,273 · management and general $146,801

  • 19 · Conferences, conventions and meetings

    total $545 · program services $409 · management and general $136

  • 20 · Interest

    total $17,831 · program services $17,831

  • 22 · Depreciation, depletion and amortization

    total $10,913 · program services $8,185 · management and general $2,728

  • 23 · Insurance

    total $120,116 · program services $90,100 · management and general $30,016

  • 24a · Other expenses: OTHER OPERATING EXPENSE

    total $576,485 · program services $556,238 · management and general $20,247

  • 24b · Other expenses: MEMBERSHIP FEES

    total $12,008 · program services $10,277 · management and general $1,731

  • 24c · Other expenses: BANK FEES

    total $10,973 · program services $8,245 · management and general $2,728

  • 24d · Other expenses: FIXED ASSET EXPENSES

    total $1,516 · program services $1,137 · management and general $379

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,373,869 · end of year $101,187,294

  • 9 · Prepaid expenses and deferred charges

    beginning of year $483,922 · end of year $724,720

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

    $213,414

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

    $167,956

  • 10c · Land, buildings and equipment, net

    beginning of year $27,763 · end of year $45,458

  • 13 · Investments: program-related

    beginning of year $210,323,930 · end of year $183,299,990

  • 15 · Other assets

    beginning of year $351,724 · end of year $596,940

  • 17 · Accounts payable and accrued expenses

    beginning of year $402,904 · end of year $528,222

  • 25 · Other liabilities

    beginning of year $227,914 · end of year $239,009

  • 28 · Net assets with donor restrictions

    beginning of year $243,930,390 · end of year $285,087,171

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • IN SEPTEMBER 2025, UMAEF RECEIVED NEW FUNDING OF $49,852,000 FROM U.S. GOVERNMENT, AS SET FORTH IN GRANT MODIFICATION #29 ISSUED JANUARY 2025.

    Expenses $25,231,338 · Grants $20,738,246 · Revenue $2,524,877

  • SEE SCHEDULE O

    Expenses $1,253,862 · Revenue $8,683,847

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jaroslawa Zelinsky Johnson

    PRESIDENT & CEO

    Total calculated
    $334,523
    From this org
    $281,505
    From related orgs
    $0
    Other
    $53,018
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,000
    Bonus
    $32,900
    Other
    $44,605
    Deferred
    $53,018
    Nontaxable benefits
    $0
    Filer's total
    $334,523

  • Marta Farion

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John E Herbst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis A Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey C Neal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel F Runde

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margot Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Bryant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Cowles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elaine McCormack

    SECRETARY

    Total calculated
    $122,914
    From this org
    $100,414
    From related orgs
    $0
    Other
    $22,500
    Hours/week
    36

  • Lenna Koszarny

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $32,900
    From this org
    $32,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Andrew T Karron

    SENIOR VP AND OUTSIDE GEN. COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • Natalia Kovalenko

    CFAO & TREASURER

    Total calculated
    $2,468
    From this org
    $2,468
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Andrii Sorokhan

    VENTURE DIRECTOR, UVENTURES

    Total calculated
    $142,031
    From this org
    $142,031
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Anton Waschuk

    INNOVATION, EDU. AND ENT. DIRECTOR

    Total calculated
    $126,640
    From this org
    $126,640
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Iryna Ozymok

    LOCAL ECONOMIC DEVLOPMENT DIRECTOR

    Total calculated
    $125,423
    From this org
    $125,423
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Vasyl Nazaruk

    IMPACT INVESTING PROGRAM DIRECTOR

    Total calculated
    $116,124
    From this org
    $116,124
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Roman Tychkivskyy

    STRATEGIC INITATIVES DIRECTOR

    Total calculated
    $115,124
    From this org
    $115,124
    From related orgs
    $0
    Other
    $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. 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 · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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 1A
A HOUSING ALLOWANCE IS PROVIDED TO THE PRESIDENT/CEO. THIS ALLOWANCE IS TREATED AS TAXABLE COMPENSATION.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 August 2026
IRS schema version
2024v5.5
Source object
202602229349301520

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

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