Ukraine Moldova American Enterprise Fund
Ukraine Moldova American Enterprise Fund reports highly volatile revenue with significant asset growth and zero officer compensation.
EIN: 133786524 · Chicago, IL · NTEE: Q32 · Updated: 2026-03-28
Is Ukraine Moldova American Enterprise Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ukraine Moldova American Enterprise Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ukraine Moldova American Enterprise Fund
Ukraine Moldova American Enterprise Fund (EIN: 133786524) is a nonprofit organization based in Chicago, IL, classified under NTEE code Q32. The organization reported total revenue of $23.7M and total assets of $244.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ukraine Moldova American Enterprise Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ukraine Moldova American Enterprise Fund with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ukraine Moldova American Enterprise Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this asset size ($244,561,208 latest assets) and suggests either pro-bono leadership or compensation is handled through a related entity not reflected in these filings.
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 Ukraine Moldova American Enterprise Fund's IRS 990 filings:
- Highly volatile revenue, including significant negative figures in multiple years (e.g., $-936,647 in 202209, $-6,808,461 in 202009), which could indicate reliance on risky investments or complex financial structures.
- Consistent 0% officer compensation for an organization with over $200 million in assets, which is unusual and warrants further scrutiny regarding how leadership is compensated or if it's through related entities.
- Lack of detailed expense breakdown in the provided data makes it difficult to fully assess program efficiency and direct mission impact.
Strengths
The following positive indicators were identified for Ukraine Moldova American Enterprise Fund:
- Significant asset growth, from $90,346,567 in 201409 to $224,102,151 in 202309, demonstrating strong financial management and capital accumulation.
- Low liabilities relative to assets, indicating a healthy balance sheet and financial stability.
- Consistent reporting of 0% officer compensation, suggesting a commitment to minimizing executive overhead and maximizing resources for the mission, or a unique operational model.
- Substantial revenue in the most recent period ($134,501,409 in 202309), indicating significant financial capacity.
Frequently Asked Questions about Ukraine Moldova American Enterprise Fund
Is Ukraine Moldova American Enterprise Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Ukraine Moldova American Enterprise Fund (EIN: 133786524) some concerns. Mission Score: 80/100. 3 red flags identified, 4 strengths noted.
How does Ukraine Moldova American Enterprise Fund spend its money?
Ukraine Moldova American Enterprise Fund directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ukraine Moldova American Enterprise Fund tax-deductible?
Ukraine Moldova American Enterprise Fund is registered as a tax-exempt nonprofit (EIN: 133786524). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization generate revenue, especially given the negative figures in some years?
The negative revenue figures (e.g., $-936,647 in 202209, $-6,808,461 in 202009) suggest that the organization's revenue is heavily influenced by investment performance or specific financial instruments, rather than solely donations or grants. As an 'enterprise fund,' it likely engages in investment activities where returns can fluctuate, leading to losses in some periods.
What constitutes the 'expenses' reported, and how much is directly allocated to programs in Ukraine and Moldova?
Without a detailed breakdown of expenses from the 990 filings, it's difficult to ascertain the exact allocation. Given the nature of an enterprise fund, expenses might include investment management fees, operational costs for identifying and supporting enterprises, and potentially direct investments or grants. The NTEE code Q32 (International Development, Relief Services) suggests a program focus, but the financial data alone doesn't specify the direct programmatic spend.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation is highly unusual for an organization with assets exceeding $200 million. This could mean that officers are volunteers, compensated by a related entity, or that the compensation is structured in a way that it's not reported as 'officer compensation' on the 990 form, which would require further investigation into the organization's structure and related parties.
What is the long-term strategy for managing revenue volatility and ensuring sustainable impact?
The significant swings in revenue, from large positive figures like $134,501,409 in 202309 to negative figures, indicate a high-risk, potentially high-reward financial strategy. Understanding the long-term strategy for managing this volatility and how it ensures consistent support for its mission in Ukraine and Moldova is crucial for assessing sustainability.
Filing History
IRS 990 filing history for Ukraine Moldova American Enterprise Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ukraine Moldova American Enterprise Fund's revenue has grown by 6221.9%, moving from $2.1M to $134.5M. Total assets increased by 112.5% over the same period, from $105.5M to $224.1M. Total functional expenses rose by 345.3%, from $1.7M to $7.8M. In its most recent filing year (2023), Ukraine Moldova American Enterprise Fund reported a surplus of $126.7M, with revenue exceeding expenses. The organization holds $538K in liabilities against $224.1M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $223.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $134.5M | $7.8M | $224.1M | $538K | — | — |
| 2022 | $-936,647 | $5.5M | $83.5M | $416K | — | — |
| 2021 | $4.2M | $6.5M | $84.1M | $860K | — | View 990 |
| 2020 | $-6,808,461 | $5.1M | $76.5M | $1.8M | — | — |
| 2019 | $174K | $6.5M | $68.1M | $884K | — | View 990 |
| 2018 | $-363,507 | $9.7M | $67.8M | $941K | — | View 990 |
| 2017 | $657K | $12.0M | $70.9M | $979K | — | View 990 |
| 2016 | $-227,486 | $8.0M | $79.6M | $991K | — | View 990 |
| 2015 | $-230,620 | $2.9M | $87.2M | $629K | — | View 990 |
| 2014 | $9.4M | $1.4M | $90.3M | $516K | — | View 990 |
| 2013 | $33.8M | $9.3M | $94.5M | $580K | — | View 990 |
| 2012 | $1.2M | $1.7M | $98.5M | $458K | — | View 990 |
| 2011 | $2.1M | $1.7M | $105.5M | $561K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $134.5M, expenses of $7.8M, and assets of $224.1M.
- 2022: Revenue of $-936,647, expenses of $5.5M, and assets of $83.5M (revenue -122.1% year-over-year).
- 2021: Revenue of $4.2M, expenses of $6.5M, and assets of $84.1M.
- 2020: Revenue of $-6,808,461, expenses of $5.1M, and assets of $76.5M (revenue -4003.5% year-over-year).
- 2019: Revenue of $174K, expenses of $6.5M, and assets of $68.1M.
- 2018: Revenue of $-363,507, expenses of $9.7M, and assets of $67.8M (revenue -155.4% year-over-year).
- 2017: Revenue of $657K, expenses of $12.0M, and assets of $70.9M.
- 2016: Revenue of $-227,486, expenses of $8.0M, and assets of $79.6M.
- 2015: Revenue of $-230,620, expenses of $2.9M, and assets of $87.2M (revenue -102.4% year-over-year).
- 2014: Revenue of $9.4M, expenses of $1.4M, and assets of $90.3M (revenue -72.1% year-over-year).
- 2013: Revenue of $33.8M, expenses of $9.3M, and assets of $94.5M (revenue +2670.2% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.7M, and assets of $98.5M (revenue -42.6% year-over-year).
- 2011: Revenue of $2.1M, expenses of $1.7M, and assets of $105.5M.
Data Sources and Methodology
This transparency report for Ukraine Moldova American Enterprise Fund 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.