Ukrainian New Wave Corporation
- Assets
- $21.5k
- Revenue
- $273.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 20-8517400
Organization Overview
Ukrainian New Wave Corporation is located in Staten Island, NY. The organization was established in 2009. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ukrainian New Wave Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ukrainian New Wave Corporation generated $273.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $313.4k during the year ending 12/2022. While expenses have increased by 39.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED IN NEW YORK CITY IN 2007, UKRAINIAN NEW WAVE, A 501C3 NONPROFIT ORGANIZATION, ASSISTS UKRAINIAN IMMIGRANTS SETTLE, ADAPT AND THRIVE UPON THEIR ARRIVAL IN THE UNITED STATES OF AMERICA WITH EFFORTS THAT SUPPORT AND PROMOTE THE CONTINUATION OF UKRAINIAN LANGUAGE, CULTURE, AND VALUES THROUGH PROFESSIONAL, ADVISORY AND SOCIAL ACTIVITIES, EVENTS AND PROGRAMS. WITH THE ESCALATION OF RUSSIA'S MULTI-YEAR WAR AGAINST UKRAINE, IN ADDITION TO THE ORIGINAL MISSION, UKRAINIAN NEW WAVE, SEPARATELY AND IN CONJUNCTION WITH OTHER ORGANIZATIONS, NOW PROVIDES HUMANITARIAN ASSISTANCE TO UKRAINE AND UKRAINIAN REFUGEES WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED A SUMMER PROGRAM AND ENGLISH CLASSES FOR CHILDREN OF UKRAINIAN REFUGEES TO HELP THEM ADAPT TO A NEW COUNTRY AS WELL AS ORGANIZED UKRAINIAN CLASSES FOR UKRAINIAN-AMERICAN KIDS.
ORGANIZED UKRAINIAN HERITAGE EDUCATION AND CULTURAL PROGRAM FOR YOUTH AND CHILDREN AIMED TO CULTIVATE UKRAINIAN TRADITIONS FOR THE UPCOMING GENERATION. IN ADDITION UKRAINIAN TRADITIONAL FOLK PERFORMANCES WERE ORGANIZED. PURPOSE OF THE EVENTS IS TO PRESERVE UKRAINIAN IDENTITY HERITAGE IN USA, INTODUCE OUR CULTURE FOR AMERICAN PEOPLE.
ORGANIZATION SEND NUMEROUS SHIPMENTS OF MEDICATION AND HUMATITARIAN AID TO UKRAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myroslava Rozdolska President | Officer | 15 | $0 |
Bohdan Bohonok Vice President | Officer | 12 | $0 |
Halyna Semenyak Director | Trustee | 12 | $0 |
Larisa Zanyk Director | Trustee | 12 | $0 |
Natalya Baran Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $525 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $272,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,076 |
| Total Program Service Revenue | $0 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,103 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,700 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,575 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $313,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,539 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,539 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $21,539 |
| Net assets with donor restrictions | $0 |
| 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 | $21,539 |