Ukrainian National Association Inc
- Assets
- $174.4m
- Revenue
- $19.3m
- Investments
- $0.0
- Employees
- 19
- Location
- Parsippany, NJ
- Founding
- 01/1941
- Data as of
- 12/2023
- EIN
- 22-1172212
Organization Overview
Ukrainian National Association Inc is located in Parsippany, NJ. The organization was established in 1941. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Ukrainian National Association Inc employed 19 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Ukrainian National Association Inc is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2023, Ukrainian National Association Inc generated $19.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $18.5m during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE UKRAINIAN, UKRAINIAN-AMERICAN, AND UKRAINIAN-CANADIAN CULTURE, TO PROVIDE QUALITY FINANCIAL SERVICES AND PRODUCTS FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRATERNAL ACTIVITIES INCLUDING PUBLISHING OF UKRAINIAN AND ENGLISH WEEKLY, SCHOLARSHIPS, DONATION HELPING INDIGENT MEMBERS, SUPPORTING CULTURAL COURSES AND SUPPORTING SPORTS FOR YOUTH, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roman Hirniak Ceo/president | OfficerTrustee | 38 | $201,696 |
Steven Woch Coo/national Secretary | OfficerTrustee | 38 | $135,459 |
David Miller Cfo/treasurer | OfficerTrustee | 38 | $122,596 |
Andrij Cade Chair | OfficerTrustee | 4 | $0 |
Bohdana Puzyk Corporate Secretary | OfficerTrustee | 4 | $0 |
Romana Hadzewycz Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aqs Asset Management Llc Financial Advisor | 12/30/20 | $180,000 |
Miller & Newberg Actuary | 12/30/20 | $179,666 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,555,855 |
| Investment income | $9,565,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,199 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,340,856 |
| 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 | $15,182,295 |
| Compensation of current officers, directors, key employees. | $435,795 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $471,399 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $135,737 |
| Payroll taxes | $231,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,974 |
| Fees for services: Accounting | $412,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $287,861 |
| Fees for services: Other | $471,557 |
| Advertising and promotion | $74,625 |
| Office expenses | $62,113 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $451,669 |
| Travel | $7,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,913 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,791 |
| Insurance | $46,281 |
| All other expenses | $0 |
| Total functional expenses | $18,470,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,902,167 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,199,379 |
| 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 | $257,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $165,039,802 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $174,398,577 |
| 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 | $162,472,858 |
| Total liabilities | $162,472,858 |
| Net assets without donor restrictions | $0 |
| 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 | $11,925,719 |
| Total liabilities and net assets/fund balances | $174,398,577 |