The Ukrainian National Foundation Inc
- Assets
- $19.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Parsippany, NJ
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 22-2224442
Organization Overview
The Ukrainian National Foundation Inc is located in Parsippany, NJ. The organization was established in 1996. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Ukrainian National Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ukrainian National Foundation Inc 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 National Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. 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
THE UKRAINIAN NATIONAL FOUNDATION, INC. IS COMMITTED TO THE CREATION AND PRESERVATION OF A SELF-SUSTAINING, CULTURAL, EDUCATIONAL, AND SPORTS/RECREATIONAL CENTER FOR THE UKRAINIAN-AMERICAN COMMUNITY THROUGH ITS OWNERSHIP OF THE SOYUZIVKA CULTURAL CENTER ("SCC"). THE ORGANIZATION ALSO ADMINISTERS VARIOUS PROGRAMS FOR EDUCATIONAL SCHOLARSHIPS, CHARITABLE THIRD PARTY ORGANIZATION FUNDS, AND RELIGIOUS PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORS CULTURAL COURSES, SUPPORT DANCE WORKSHOPS, SUPPORT CHILDREN'S CAMPS AND TO PROMOTE UKRAINIAN CULTURE.
PROMOTION OF ETHNIC CULTURAL FESTIVALS, PUBLICATIONS AND OTHER ACTIVITIES.
PROVIDE SCHOLARSHIPS FOR ORPHANS, HALF ORPHANS AND STUDENTS FROM POOR FAMILIES TO TAKE REMEDIAL COURSES IN ORDER TO PASS THE ENTRANCE EXAMINATION TO BE ACCEPTED TO THE NATIONAL UNIVERSITY OF "OSTROH ACADEMY."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wasyl Szeremeta President | OfficerTrustee | 1 | $0 |
Roma Lisovich Treasurer | OfficerTrustee | 11 | $0 |
Gerald Tysiak Treasurer | OfficerTrustee | 11 | $0 |
Lydia Benson Secretary | OfficerTrustee | 2 | $0 |
Taras Sochan Member | Trustee | 1 | $0 |
Stefan Kaczaraj Member | Trustee | 1 | $0 |
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 | $101,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,491 |
| Total Program Service Revenue | $1,305,248 |
| Investment income | $234,007 |
| 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 | $1,640,746 |
| 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 | $572,964 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $77,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $748 |
| Fees for services: Accounting | $10,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,495 |
| Advertising and promotion | $0 |
| Office expenses | $391,337 |
| Information technology | $9,981 |
| Royalties | $0 |
| Occupancy | $214,586 |
| Travel | $2,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,475 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $116,463 |
| All other expenses | $27,361 |
| Total functional expenses | $1,841,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,087,682 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,028 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,825 |
| Prepaid expenses and deferred charges | $987,336 |
| Net Land, buildings, and equipment | $3,899,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $325,846 |
| Other assets | $464,000 |
| Total assets | $19,875,367 |
| Accounts payable and accrued expenses | $54,155 |
| 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 | $54,155 |
| Net assets without donor restrictions | $5,450,833 |
| Net assets with donor restrictions | $14,370,379 |
| 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 | $19,875,367 |
Grants Awarded
Over the last fiscal year, The Ukrainian National Foundation Inc has awarded $67,469 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UKRAINIAN NATIONAL ASSOCIATION INC PURPOSE: SUPPORT CULTURAL COURSES AND THE COMMUNITY. | $18,759 |
UKRAINIAN CATHOLIC EDUCATION FOUNDATION PURPOSE: SUPPORT EDUCATION. | $23,135 |
CALIFORNIA ASSOCIATES TO AID UKRAINE PURPOSE: REHABILITATION OF INJURED WAR VETERANS. | $25,575 |