Ukraine-Moldova American Enterprise Fund
- Assets
- $224.1m
- Revenue
- $134.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 06/1995
- Data as of
- 09/2023
- EIN
- 13-3786524
Organization Overview
Ukraine-Moldova American Enterprise Fund is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2023, Ukraine-Moldova American Enterprise Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ukraine-Moldova American Enterprise Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND WAS CREATED AND FUNDED BY THE US (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
USAID APPROVED THE LAUNCH OF A $30 MILLION LEGACY PROGRAM FUNDED BY A PORTION OF THE PROFITS EARNED FROM INVESTMENT ACTIVITIES. THE PROGRAM FOCUSES ON EXPORT PROMOTION, LOCAL ECONOMIC DEVELOPMENT, IMPACT INVESTMENT AND ECONOMIC LEADERSHIP. IN APRIL 2016, USAID APPROVED I) EXPANDING THE LEGACY PROGRAM TO $35 MILLION; II) $5 MILLION EARMARKED FOR DIRECT INVESTMENTS IN SMES, PRIMARILY START-UPS; AND III) A $30 MILLION COMMITMENT TO EMERGING EUROPE GROWTH FUND III, L.P. A FUND LAUNCHED BY HORIZON CAPITAL AND FOCUSED ON PROVIDING FINANCING TO SMES IN UKRAINE AND MOLDOVA. IN JANUARY 2023, UMAEF RECEIVED NEW FUNDING OF $134 MILLION IN FORM OF DEBT SECURITIES AND CASH TRANSFERRED FROM THE U.S. RUSSIA INVESTMENT FUND (TUSRIF) IN PARTNERSHIP WITH THE U.S. CONGRESS VIA USAID. IN SEPTEMBER 2023, USAID APPROVED USING THE TUSRIF FUNDS FOR SUPPORTING THE CREATION, RECOVERY AND EXPANSION OF SME AND ECONOMIC DEVELOPMENT IN UKRAINE AND MOLDOVA IN THE HIGH LEVEL PROGRAMMATIC AREAS AS DIRECT INVESTMENT AND SME DEVELOPMENT, IMPACT INVESTING, LOCAL ECONOMIC DEVELOPMENT, ENTREPRENEURSHIP, EDUCATION AND INNOVATION AND U.VENTURES.
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaroslawa Zelinsky Johnson President & CEO | OfficerTrustee | 40 | $194,878 |
Marta Farion Director | Trustee | 1 | $0 |
John E Herbst Director | Trustee | 1 | $0 |
Dennis A Johnson Director | Trustee | 1 | $0 |
Jeffrey C Neal Director | Trustee | 1 | $0 |
Daniel F Runde Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Horizon Capital Associates Llc Investment/prg Mgmt Fees | 9/29/23 | $618,028 |
Tatarsky Roman Peter Ie Hotel Service | 9/29/23 | $411,029 |
Pr Partners (Epic Brokers) Insurance | 9/29/23 | $125,457 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $134,380,106 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $131,268,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,380,106 |
| Total Program Service Revenue | $2,277,019 |
| Investment income | $13,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,205,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,501,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,242,620 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $431,316 |
| Compensation of current officers, directors, key employees. | $78,709 |
| Compensation to disqualified persons | $863,084 |
| Other salaries and wages | $982,032 |
| Pension plan accruals and contributions | $58,910 |
| Other employee benefits | $52,491 |
| Payroll taxes | $82,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,045 |
| Fees for services: Accounting | $311,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $394 |
| Advertising and promotion | $0 |
| Office expenses | $44,819 |
| Information technology | $13,015 |
| Royalties | $0 |
| Occupancy | $131,047 |
| Travel | $647,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,000 |
| Interest | $386,609 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,260 |
| Insurance | $132,772 |
| All other expenses | $0 |
| Total functional expenses | $7,772,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,202,040 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $320,961 |
| Net Land, buildings, and equipment | $25,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $197,147,548 |
| Intangible assets | $0 |
| Other assets | $405,936 |
| Total assets | $224,102,151 |
| Accounts payable and accrued expenses | $309,209 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $228,633 |
| Total liabilities | $537,842 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $223,564,309 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $224,102,151 |