Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $10,096,798

• 1f · All other contributions, gifts and grants

  $27,426,136

• 3 · Investment income

  total -$1,017,171 · excluded -$1,017,171

Functional expenses

Part IX, the statement of functional expenses.

• 3 · Grants to foreign organizations and individuals

  total $33,074,654 · program services $33,074,654

• 5 · Compensation of officers, directors and key employees

  total $474,316 · program services $355,352 · management and general $15,419 · fundraising $103,545

• 7 · Other salaries and wages

  total $486,923 · program services $346,269 · management and general $37,146 · fundraising $103,508

• 8 · Pension plan contributions

  total $22,162 · program services $16,604 · management and general $720 · fundraising $4,838

• 9 · Other employee benefits

  total $50,700 · program services $37,984 · management and general $1,648 · fundraising $11,068

• 10 · Payroll taxes

  total -$12,103 · program services -$9,068 · management and general -$2,642 · fundraising -$393

• 11b · Fees: legal

  total $5,806 · program services $5,225 · management and general $581

• 11c · Fees: accounting

  total $2,397 · program services $2,397

• 11f · Fees: investment management

  total $44,304 · management and general $44,304

• 11g · Fees: other

  total $248,881 · program services $168,407 · management and general $80,474

• 16 · Occupancy

  total $126,743 · program services $126,743

• 17 · Travel

  total $19,408 · program services $16,689 · management and general $2,719

• 20 · Interest

  total $1,065,109 · program services $1,065,109

• 24a · Other expenses: BOOKS, PERIODICALS

  total $267 · program services $240 · management and general $27

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $37,517,011 · end of year $8,213,714

• 4 · Accounts receivable

  beginning of year $17,633,549 · end of year $34,586,510

• 11 · Investments: publicly traded securities

  beginning of year $14,204,031 · end of year $22,194,759

• 15 · Other assets

  beginning of year $9,788,798 · end of year $4,540,986

• 17 · Accounts payable and accrued expenses

  beginning of year $647,847 · end of year $417,133

• 22 · Loans and payables to officers and key people

  beginning of year $150,000

• 24 · Unsecured notes and loans payable

  beginning of year $47,100,000 · end of year $40,475,000

• 25 · Other liabilities

  beginning of year $9,167,521 · end of year $6,375,000

• 27 · Net assets without donor restrictions

  beginning of year $22,109,592 · end of year $23,770,326

• 28 · Net assets with donor restrictions

  beginning of year -$31,571 · end of year -$1,501,490

The filer's explanations (Part III)

PART I, LINE 3

THE UNICEF USA IMPACT FUND FOR CHILDREN (IF4C) DOES NOT PAY ITS EMPLOYEES DIRECTLY. RATHER ALL COMPENSATION IS REPORTED AND PAID BY ITS SUPPORTED ORGANIZATION, UNITED STATES FUND FOR UNICEF (UUSA) AND THEN REIMBURSED BY IF4C. THE CHIEF EXECUTIVE OFFICER OF UUSA WITH INPUT AND CONSULTATION FROM THE IF4C BOARD OF DIRECTORS HAS THE RESPONSIBILITY AND AUTHORITY TO DETERMINE THE NATURE AND AMOUNT OF COMPENSATION TO BE INCLUDED IN THE PRESIDENT'S EMPLOYMENT AGREEMENT. DURING THE EMPLOYMENT AGREEMENT REVIEW PROCESS, A COMPARABILITY STUDY IS REVIEWED WHICH TAKES INTO CONSIDERATION PEER ORGANIZATIONS IN DETERMINING THE TOTAL COMPENSATION OF THE PRESIDENT, AND INCLUDES SALARY, BENEFITS, AND INCENTIVES AS APPROPRIATE. ALSO, ON AN ANNUAL BASIS, A REVIEW OF THE PRESIDENT'S PERFORMANCE IS CONDUCTED UNDER A SIMILAR COMPARABLE PROCESS.

PART I, LINE 4A:

BRETT ROBINSON, UNICEF USA'S FORMER CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER, RECEIVED A SEVERANCE PAYMENT OF $200,500 RESULTING FROM THE EXECUTION OF A STANDARD SEPARATION AGREEMENT.

PART I, LINE 4B:

PER MICHAEL J. NYENHUIS BOARD APPROVED EMPLOYMENT CONTRACT THERE WAS A DEFERRED COMPENSATION AGREEMENT FOR A 457(F) IN THE AMOUNT OF $100,000 WHICH VESTED ON JUNE 30, 2023.