The Ukrainian National Foundation Inc
Ukrainian National Foundation: Strong Assets, Inconsistent Revenue, and Transparency Gaps
EIN: 222224442 · Parsippany, NJ · NTEE: Q113 · Updated: 2026-04-04
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The Ukrainian National Foundation Inc is mapped to EIN 222224442.
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| Metric | Value |
|---|---|
| Total Revenue | $12.0M |
| Total Expenses | $2.1M |
| Program Spending | 70% |
| Net Assets | $19.7M |
| Transparency Score | 75/100 |
Search Intent Cockpit
The Ukrainian National Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Ukrainian National Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around The Ukrainian National Foundation Inc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $1.9M and expenses of $2.1M.
Revenue and Expenses
The Ukrainian National Foundation Inc reported $1.9M in revenue and $2.1M in expenses, a deficit of $158K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is The Ukrainian National Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.5M (70%) |
Across stored filings, The Ukrainian National Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 14 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and Category Q context |
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The Ukrainian National Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Ukrainian National Foundation Inc
The Ukrainian National Foundation Inc (EIN: 222224442) is a nonprofit organization based in Parsippany, NJ, classified under NTEE code Q113. The organization reported total revenue of $12.0M and total assets of $21.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Ukrainian National Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Ukrainian National Foundation Inc is a large nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 18.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-157,510 |
| Total Assets | $19.9M |
| Total Liabilities | $201K |
| Net Assets | $19.7M |
| Operating Margin | -8.2% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 114.9 months |
Financial Health Grade: B
In 2023, The Ukrainian National Foundation Inc reported a deficit of $158K with expenses exceeding revenue, holds 114.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), The Ukrainian National Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.9% | +12.7% | -0.1% |
| 2022 | +127.7% | +113.8% | -0.8% |
| 2021 | -95.2% | -15.7% | -0.7% |
| 2020 | +1022.6% | -52.0% | +224.2% |
| 2019 | +7.4% | -8.2% | -10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Ukrainian National Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, The Ukrainian National Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $158K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial data, making a direct assessment difficult without further investigation into specific filings that might disclose individual salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Ukrainian National Foundation Inc's IRS 990 filings:
- Significant revenue volatility, with a peak of $15,034,622 in 2020 followed by a sharp decline to $1,917,908 in 2023, raises questions about funding stability.
- The organization consistently reports 'c0%' for fundraising costs, which is highly unusual and may indicate miscategorization or lack of detailed reporting.
- Despite substantial assets, the organization has reported net losses (expenses exceeding revenue) in multiple years, including 2023 ($2,075,418 expenses vs. $1,917,908 revenue).
Strengths
The following positive indicators were identified for The Ukrainian National Foundation Inc:
- Maintains a strong asset base, with total assets consistently above $19 million in recent years, providing financial stability.
- The organization has a long operational history, suggesting established infrastructure and community presence.
- Consistent program spending, even during periods of revenue decline, indicates a commitment to its mission.
Frequently Asked Questions about The Ukrainian National Foundation Inc
Is The Ukrainian National Foundation Inc a legitimate charity?
The Ukrainian National Foundation Inc (EIN: 222224442) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $12.0M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Ukrainian National Foundation Inc spend its money?
The Ukrainian National Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to The Ukrainian National Foundation Inc tax-deductible?
The Ukrainian National Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222224442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Ukrainian National Foundation Inc's spending goes to programs?
The Ukrainian National Foundation Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does The Ukrainian National Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Ukrainian National Foundation Inc is above average for NTEE category Q113 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Ukrainian National Foundation Inc located?
The Ukrainian National Foundation Inc is headquartered in Parsippany, New Jersey and files with the IRS under EIN 222224442. It is classified under NTEE code Q113.
How many years of IRS 990 filings does The Ukrainian National Foundation Inc have?
The Ukrainian National Foundation Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $12.0M in total revenue.
What does The Ukrainian National Foundation Inc do?
The Ukrainian National Foundation Inc is a nonprofit organization in the International & Foreign Affairs sector, located in Parsippany, New Jersey. It is classified under NTEE code Q113.
How much revenue does The Ukrainian National Foundation Inc have?
The Ukrainian National Foundation Inc reported total revenue of $11,981,978. Based on 14 IRS 990 filings on record.
What are The Ukrainian National Foundation Inc's total assets?
The Ukrainian National Foundation Inc holds total assets of $21,500,714 as reported in IRS 990 filings.
Where is The Ukrainian National Foundation Inc located?
The Ukrainian National Foundation Inc is based in Parsippany, New Jersey.
What is The Ukrainian National Foundation Inc's EIN?
The Ukrainian National Foundation Inc's Employer Identification Number (EIN) is 222224442. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Ukrainian National Foundation Inc?
The Ukrainian National Foundation Inc is classified under NTEE code Q113 (International & Foreign Affairs).
Is The Ukrainian National Foundation Inc a registered 501(c)(3)?
Yes, The Ukrainian National Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222224442.
Does The Ukrainian National Foundation Inc file IRS Form 990?
Yes, The Ukrainian National Foundation Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Ukrainian National Foundation Inc's revenue in 2023?
In the 202312 filing period, The Ukrainian National Foundation Inc reported total revenue of $1,917,908, total expenses of $2,075,418, and net assets of $19,864,488.
Is The Ukrainian National Foundation Inc's revenue growing or declining?
The Ukrainian National Foundation Inc's revenue is growing. Revenue went from $1,640,746 (202212) to $1,917,908 (202312), a +16.9% change. Based on 14 filings on record.
What is The Ukrainian National Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Ukrainian National Foundation Inc covers tax period 202312. It shows revenue of $1,917,908, expenses of $2,075,418, total assets of $19,864,488, and liabilities of $200,786.
How much does The Ukrainian National Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, The Ukrainian National Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is The Ukrainian National Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Ukrainian National Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for The Ukrainian National Foundation Inc?
The following concerns were identified: Significant revenue volatility, with a peak of $15,034,622 in 2020 followed by a sharp decline to $1,917,908 in 2023, raises questions about funding stability.. The organization consistently reports 'c0%' for fundraising costs, which is highly unusual and may indicate miscategorization or lack of detailed reporting.. Despite substantial assets, the organization has reported net losses (expenses exceeding revenue) in multiple years, including 2023 ($2,075,418 expenses vs. $1,917,908 revenue).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Ukrainian National Foundation Inc's strengths?
Positive indicators for The Ukrainian National Foundation Inc include: Maintains a strong asset base, with total assets consistently above $19 million in recent years, providing financial stability.. The organization has a long operational history, suggesting established infrastructure and community presence.. Consistent program spending, even during periods of revenue decline, indicates a commitment to its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does The Ukrainian National Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided financial data, making a direct assessment difficult without further investigation into specific filings that might disclose individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' reported for fundraising costs across all years, how does the Ukrainian National Foundation Inc. acquire its funding, and what specific activities are categorized under 'fundraising' if not reflected in these costs?
The consistent reporting of 'c0%' for fundraising costs is highly unusual for a nonprofit of this size. This could imply that fundraising activities are either entirely volunteer-driven, costs are absorbed into administrative or program expenses without explicit disclosure, or there's a unique funding model not requiring direct fundraising expenditures. Without further detail, it's difficult to ascertain the true cost and effort involved in securing its revenue, which peaked at over $15 million in 2020.
With total assets consistently around $20 million, how does the organization manage and utilize this significant endowment or asset base to support its mission, especially during years of operational losses?
The organization's substantial asset base, reaching $19,864,488 in 2023, suggests a significant endowment or investment portfolio. During years of operational losses, such as 2023 where expenses exceeded revenue by $157,510, these assets likely provide a buffer, potentially through investment income or drawing down reserves. Understanding the specific investment strategy and how returns are integrated into operational budgets is crucial for assessing long-term sustainability.
Filing History
IRS 990 filing history for The Ukrainian National Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Ukrainian National Foundation Inc's revenue has grown by 848.7%, moving from $202K to $1.9M. Total assets increased by 5026.9% over the same period, from $387K to $19.9M. Total functional expenses rose by 574.2%, from $308K to $2.1M. In its most recent filing year (2023), The Ukrainian National Foundation Inc reported a deficit of $158K, with expenses exceeding revenue. The organization holds $201K in liabilities against $19.9M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $19.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.1M | $19.9M | $201K | — | — |
| 2022 | $1.6M | $1.8M | $19.9M | $54K | — | View 990 |
| 2021 | $721K | $861K | $20.0M | $16K | — | View 990 |
| 2020 | $15.0M | $1.0M | $20.2M | $7K | — | View 990 |
| 2019 | $1.3M | $2.1M | $6.2M | $73K | — | View 990 |
| 2018 | $1.2M | $2.3M | $7.0M | $33K | — | View 990 |
| 2017 | $1.3M | $2.4M | $8.1M | $63K | — | View 990 |
| 2016 | $1.5M | $2.3M | $9.2M | $33K | — | View 990 |
| 2015 | $1.3M | $2.2M | $10.0M | $30K | — | View 990 |
| 2014 | $10.2M | $304K | $10.8M | $0 | — | View 990 |
| 2013 | $408K | $447K | $994K | $0 | — | View 990 |
| 2012 | $1.1M | $448K | $1.0M | $0 | — | View 990 |
| 2011 | $151K | $111K | $428K | $0 | — | View 990 |
| 2010 | $202K | $308K | $387K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.1M, and assets of $19.9M (revenue +16.9% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.8M, and assets of $19.9M (revenue +127.7% year-over-year).
- 2021: Revenue of $721K, expenses of $861K, and assets of $20.0M (revenue -95.2% year-over-year).
- 2020: Revenue of $15.0M, expenses of $1.0M, and assets of $20.2M (revenue +1022.6% year-over-year).
- 2019: Revenue of $1.3M, expenses of $2.1M, and assets of $6.2M (revenue +7.4% year-over-year).
- 2018: Revenue of $1.2M, expenses of $2.3M, and assets of $7.0M (revenue -1.0% year-over-year).
- 2017: Revenue of $1.3M, expenses of $2.4M, and assets of $8.1M (revenue -14.7% year-over-year).
- 2016: Revenue of $1.5M, expenses of $2.3M, and assets of $9.2M (revenue +11.0% year-over-year).
- 2015: Revenue of $1.3M, expenses of $2.2M, and assets of $10.0M (revenue -86.9% year-over-year).
- 2014: Revenue of $10.2M, expenses of $304K, and assets of $10.8M (revenue +2387.1% year-over-year).
- 2013: Revenue of $408K, expenses of $447K, and assets of $994K (revenue -61.2% year-over-year).
- 2012: Revenue of $1.1M, expenses of $448K, and assets of $1.0M (revenue +595.3% year-over-year).
- 2011: Revenue of $151K, expenses of $111K, and assets of $428K (revenue -25.2% year-over-year).
- 2010: Revenue of $202K, expenses of $308K, and assets of $387K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Ukrainian National Foundation Inc:
Data Sources and Methodology
This transparency report for The Ukrainian National Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.