Psi Kyiv Inc
- Assets
- $17.5m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- Data as of
- 07/2022
- EIN
- 84-4574620
Organization Overview
Psi Kyiv Inc is located in null. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psi Kyiv 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 07/2022, Psi Kyiv Inc generated $12.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (38.3%) each year. All expenses for the organization totaled $11.7m during the year ending 07/2022. 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
PSI SERVES THE EXPAT COMMUNITY IN KYIV, UKRAINE, AND PROVIDES THE POSSIBILITY TO ACCESS THE TOP-TIER EDUCATION TO ABOUT 500 STUDENTS, AGED 3 TO 18 YEARS, AND WHOSE FAMILIES ORIGINATE FROM MORE THAN 45 DIFFERENT COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PSI IS A CO-EDUCATIONAL SCHOOL IN UKRAINE THAT SERVES ABOUT 500 STUDENTS, AGED 3 TO 18 YEARS AND WHOSE FAMILIES ORIGINATE FROM MORE THAN 45 DIFFERENT COUNTRIES. THE MAJORITY OF THE SCHOOLS PARENTS ARE EXPATRIATES LIVING IN UKRAINE AND SERVING IN DIPLOMATIC, GOVERNMENT, AND BUSINESS ROLES IN THE COMMUNITY. NOTABLY, A NUMBER OF THE PARENTS ARE EMPLOYED BY THE U.S. DEPARTMENT OF STATE AND WORK AT THE U.S. EMBASSY IN KYIV, UKRAINE. FOR THIS REASON, THE SCHOOL IS SUPPORTED BY THE U.S. DEPARTMENT OF STATE OFFICE OF OVERSEAS SCHOOLS, AN ADMINISTRATIVE DIVISION THAT HELPS PROVIDE QUALITY EDUCATION TO CHILDREN OF U.S. CITIZENS WORKING FOR THE U.S. GOVERNMENT ABROAD.PSI PROVIDES A RENOWNED INTERNATIONAL CURRICULUM TAUGHT IN AN ENGLISH-LANGUAGE ENVIRONMENT. IT IS THE ONLY SCHOOL IN UKRAINE CREDENTIALED TO TEACH THE INTERNATIONAL BACCALAUREATE (IB) PROGRAMS A SET OF PROGRAMS THAT ARE DESIGNED FOR INTERNATIONAL FAMILIES AND ARE BASED ON WORLDWIDE BEST PRACTICES IN TEACHING AN AND LEARNING. STUDENTS WHO GRADUATE FROM HIGH SCHOOL WITH THE PRESTIGIOUS IB DIPLOMA CAN APPLY TO UNIVERSITIES AROUND THE WORLD. PSI IS ALSOTHE ONLY SCHOOL IN UKRAINE THAT HOLDS DUAL ACCREDITATION FROM THE COUNCIL OF INTERNATIONAL SCHOOLS (CIS) IN EUROPE AND THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES (NEASC) IN THE U.S. THAT MEANS THAT THE SCHOOLS PHILOSOPHY, GOVERNANCE, CURRICULUM, RESOURCES, STAFFING, AND OPERATIONS MEET RIGOROUS STANDARDS SET BY THESE INTERNATIONALLY RECOGNIZED AGENCIES. PSI IS ALSO A MEMBER OF THE EUROPEAN COUNCIL OF INTERNATIONAL SCHOOL (ECIS) AND THE CENTRAL AND EASTERN EUROPEAN SCHOOLS ASSOCIATION (CEESA). THESE AFFILIATES PROVIDE PSI STUDENTS WITH THE OPPORTUNITY TO PARTICIPATE IN INTERNATIONAL SPORTING, CULTURE, AND ACADEMIC EVENTS WITHIN THE EUROPEAN INTERNATIONAL SCHOOLS NETWORK AND PROVIDE PSI STAFF WITH PROFESSIONAL TRAINING BY RECOGNIZED INTERNATIONAL TEACHING CONSULTANTS AND ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Caldwell CEO | Officer | 40 | $248,500 |
Natalia Mostepanyuk CFO | Officer | 40 | $46,211 |
Peter Erben Board Chairperson | OfficerTrustee | 5 | $0 |
Juliana Ballard Board Vice Chairperson | OfficerTrustee | 0.5 | $0 |
Ashley Mulroney Board Treasurer | OfficerTrustee | 1 | $0 |
Andrius Nemickas Board Secretary | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,814,890 |
| Investment income | $25,779 |
| 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 | $12,001,996 |
| 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 | $21,558 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $328,964 |
| Compensation of current officers, directors, key employees. | $145,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,802,437 |
| Pension plan accruals and contributions | $238,727 |
| Other employee benefits | $535,435 |
| Payroll taxes | $2,123,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $304,149 |
| Fees for services: Accounting | $152,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,447 |
| Office expenses | $82,125 |
| Information technology | $95,037 |
| Royalties | $0 |
| Occupancy | $477,378 |
| Travel | $61,823 |
| 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 | $477,424 |
| Insurance | $13,000 |
| All other expenses | $185,666 |
| Total functional expenses | $11,699,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,069,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,544 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,137 |
| Prepaid expenses and deferred charges | $747,902 |
| Net Land, buildings, and equipment | $7,632,277 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,743 |
| Total assets | $17,498,960 |
| Accounts payable and accrued expenses | $1,542,974 |
| Grants payable | $0 |
| Deferred revenue | $442,630 |
| 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 | $131,974 |
| Total liabilities | $2,117,578 |
| Net assets without donor restrictions | $15,381,382 |
| 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 | $17,498,960 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|