Ukraine-moldova American Enterprise Fund
97% goes to programs Strong reserves Growing revenue
Ukraine-moldova American Enterprise Fund is a 501(c)(3) organization based in Chicago, Illinois, registered in 1995, with $23,305,037 in FY2023 revenue. CharityIndex grades it A, and it directs about 97% of spending to programs.
175 W Jackson Blvd, Chicago, IL, 60604 EIN 13-3786524 Since 1995
Revenue (FY2023)
$23.3M
▼ 82.7% vs prior year
International median: $227K
Expenses (FY2023)
$16.1M
Net assets
$243.9M
Employees
3
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating97% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ukraine-moldova American Enterprise Fund: 97% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating182 mo reserves · +31% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ukraine-moldova American Enterprise Fund: 182 mo reserves · +31% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ukraine-moldova American Enterprise Fund: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ukraine-moldova American Enterprise Fund: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Ukraine-moldova american enterprise fund was created and funded by the us (see schedule o)
What they do
Ukraine-moldova american enterprise fund encourages, through lending, investment, and technical assistance, the creation and expansion of small and medium-sized enterprises in the ukraine and moldova. ukraine-moldova american enterprise fund also fulfills its mission of attracting additional private capital to the region through its usaid-approved role as a sponsor of the emerging europe growth fund, lp, a private equity fund launched in 2006 and emerging europe growth fund iii, lp("eegf iii"), a private equity fund launched in 2017.in august 2022, based on approval of the board of directors, umaef became an investor of hcgf iv, a private equity fund launched by horizon capital, with $10 million commitment at its first closing.
Contact & location
- Address
- 175 W Jackson Blvd, Chicago, IL, 60604
- City
- Chicago
- State
- Illinois
- Subcategory
- International Development & Relief
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $9.4M (FY2013) to $23.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $631KNet assets $243.9M
Operating margin
31.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$244.6M
Total liabilities
$631K
Net assets
$243.9M
Salaries & benefits
$3.3M
21% of expenses
Board members
7
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $23,305,037▼82.7% | $16,060,266▲107% | $243,930,390▲9.1% | $244,561,208▲9.1% | 990 |
| 2022 | $134,501,409▲14460% | $7,772,542▲42.0% | $223,564,309▲169% | $224,102,151▲169% | 990 |
| 2021 | -$936,647▼122% | $5,474,920▼16.2% | $83,042,217▼0.2% | $83,458,676▼0.7% | 990 |
| 2020 | $4,246,374▲162% | $6,529,495▲27.3% | $83,199,413▲11.4% | $84,059,720▲9.9% | 990 |
| 2019 | -$6,808,461▼4004% | $5,127,426▼20.9% | $74,678,514▲11.0% | $76,506,363▲12.3% | 990 |
| 2018 | $174,419▲148% | $6,482,641▼33.4% | $67,260,653▲0.6% | $68,144,238▲0.5% | 990 |
| 2017 | -$363,507▼155% | $9,729,894▼19.0% | $66,867,992▼4.4% | $67,809,029▼4.3% | 990 |
| 2016 | $656,741▲389% | $12,014,068▲50.7% | $69,909,635▼11.1% | $70,889,100▼10.9% | 990 |
| 2015 | -$227,486▲1.4% | $7,973,573▲175% | $78,597,268▼9.2% | $79,587,954▼8.8% | 990 |
| 2014 | -$230,620▼102% | $2,894,600▲107% | $86,593,459▼3.6% | $87,221,987▼3.5% | 990 |
| 2013 | $9,448,854 | $1,395,978▼85.0% | $89,830,706▼4.4% | $90,346,567▼4.4% | 990 |
| 2012 | — | $9,326,454▲459% | $93,921,567▼4.2% | $94,502,008▼4.1% | 990 |
| 2011 | — | $1,669,737▼4.3% | $98,074,030▼6.5% | $98,531,535▼6.6% | 990 |
| 2010 | — | $1,745,313▲2.1% | $104,900,085▲0.7% | $105,461,403▲0.7% | 990 |
| 2009 | — | $1,709,471 | $104,160,841 | $104,712,487 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Jaroslawa Zelinsky Johnson — $454,758 (2.83% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jaroslawa Zelinsky Johnson | President & Ceo | 40 | $454,758 |
| Roman Tychkivskyy | Strategic Initatives Director | 40 | $108,167 |
| Iryna Ozymok | Local Economic Development | 40 | $107,875 |
| Vasyl Nazaruk | Impact Investing Program Director | 40 | $105,975 |
| Anton Waschuk | Innovation, Edu. and Ent. Director | 40 | $105,625 |
| Elaine Mccormack | Secretary | 36 | $96,674 |
| Daniel F Runde | Director | 1 | — |
| Dennis A Johnson | Director | 1 | — |
| Jeffrey C Neal | Director | 1 | — |
| John E Herbst | Director | 1 | — |
| Lenna Koszarny | Executive Vice President | 1 | — |
| Margot Ellis | Director | 1 | — |
| Marta Farion | Director | 1 | — |
| Natalia Kovalenko | Cfao & Treasurer | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Horizon Capital Associates LLC | Investment/prg Mgmt Fees | $629,280 |
| Ukraine House Foundation | Co Org Svcs For Ukr House Davos | $157,000 |
| Pr Partners (epic Brokers) | Insurance | $109,250 |
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Frequently asked questions
- Is Ukraine-moldova American Enterprise Fund a legitimate nonprofit?
- Yes. Ukraine-moldova American Enterprise Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-3786524, based in Chicago, Illinois. Donations are tax-deductible.
- What is Ukraine-moldova American Enterprise Fund's EIN?
- Ukraine-moldova American Enterprise Fund's Employer Identification Number (EIN) is 13-3786524.
- How much revenue does Ukraine-moldova American Enterprise Fund report?
- Ukraine-moldova American Enterprise Fund reported $23,305,037 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Ukraine-moldova American Enterprise Fund's spending goes to programs?
- Ukraine-moldova American Enterprise Fund spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ukraine-moldova American Enterprise Fund have?
- CharityIndex grades Ukraine-moldova American Enterprise Fund A, based on program efficiency and fundraising cost.
- How much does Ukraine-moldova American Enterprise Fund's highest-paid employee make?
- The highest reported compensation on Ukraine-moldova American Enterprise Fund's latest Form 990 is $454,758, paid to Jaroslawa Zelinsky Johnson (President & Ceo).
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Data for Ukraine-moldova American Enterprise Fund (EIN 13-3786524) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.