Overview
What is The Ukrainian National Foundation Inc?
The Ukrainian National Foundation Inc, located in Parsippany, New Jersey, is a nonprofit organization that focuses on preserving and promoting Ukrainian culture. They sponsor cultural courses, dance workshops, and support children's camps to foster a strong Ukrainian-American community. Beyond cultural activities, they also administer educational scholarships, manage charitable funds for third-party organizations, and serve religious purposes. The foundation is further committed to establishing a self-sustaining cultural, educational, and recreational center for the community, known as the Soyuzivka Cultural Center. With a team of 10 dedicated individuals, the Ukrainian National Foundation Inc plays a significant role in enriching the lives of Ukrainian-Americans.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
The Ukrainian National Foundation Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 71%. This rating indicates concerns primarily in the areas of accountability and finance, where the organization has not fully met expectations in terms of transparency, particularly regarding the availability of financial statements and website information.
Strengths of the organization include a strong program expense ratio of 87.50%, meaning a significant portion of its funds are directed toward its programs. Additionally, the organization maintains good practices such as having a conflict of interest policy, whistleblower policy, and proper documentation of board meeting minutes. However, the lack of independent board members and the absence of required financial documentation on its website are notable weaknesses.
The foundation's financial integrity appears solid with a low liabilities to assets ratio of 0.27%, indicating healthy management of its resources. However, the overall score suggests that potential donors may want to consider these limitations before contributing, as transparency and independent governance are critical factors in assessing a nonprofit's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Ukrainian National Foundation Inc legitimate?
The Ukrainian National Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ukrainian National Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $572,964
For more financial information, click here
What is the mission statement of The Ukrainian National Foundation Inc?
The Ukrainian National Foundation Inc is committed to establishing and maintaining a self-sustaining cultural, educational, and recreational center for the Ukrainian-American community. This is achieved through the ownership of the Soyuzivka Cultural Center (SCC). Additionally, the foundation manages various programs, including educational scholarships, charitable funds for third-party organizations, and initiatives with religious purposes.
Who is the CEO of The Ukrainian National Foundation Inc?
Gerald Tysiak is the President of The Ukrainian National Foundation Inc.
What is the revenue of The Ukrainian National Foundation Inc?
The Ukrainian National Foundation Inc's revenue in 2022 was $1,640,746.
Who are the executives of The Ukrainian National Foundation Inc and what are their salaries?
The average compensation at The Ukrainian National Foundation Inc during 2022 was $57,296. There are 10 employees and 20 volunteers at The Ukrainian National Foundation Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for The Ukrainian National Foundation Inc?
The Ukrainian National Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Ukrainian National Foundation Inc
The Ukrainian National Foundation Inc, with a focus on the Ukrainian-American community, is dedicated to establishing and maintaining a self-sustaining cultural, educational, and recreational center. They achieve this through their ownership of the Soyuzivka Cultural Center (SCC). Beyond this, the organization oversees various programs, including educational scholarships, charitable funds for third-party organizations, and initiatives with religious purposes. The Ukrainian National Foundation Inc's mission is to provide a vibrant and supportive environment for the Ukrainian-American community, fostering cultural preservation and community engagement.
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Impact
October, 2024
The Ukrainian National Foundation Inc significantly impacts the Ukrainian-American community by fostering a vibrant cultural and educational environment. Through the ownership of the Soyuzivka Cultural Center, it creates a self-sustaining hub for cultural expression, education, and recreational activities.
This organization sponsors various cultural courses and hosts dance workshops, ensuring that traditional Ukrainian customs and practices are preserved and passed on to future generations. Additionally, it supports children’s camps that provide a formative experience rooted in Ukrainian heritage, allowing young members of the community to connect with their roots.
Moreover, by administering educational scholarships and funding for charitable activities, the foundation plays a crucial role in promoting educational advancement and supporting those in need within the community. Its commitment to religious purposes further enriches the cultural landscape, creating a holistic environment where individuals can celebrate their heritage while also contributing to charitable causes.
Overall, The Ukrainian National Foundation Inc nurtures a sense of belonging and pride among Ukrainian-Americans, making a lasting impact through its diverse programs and initiatives.
This information is meant to be a general summary of The Ukrainian National Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $234,007
- Program Service Revenue: $1,305,248
- Gross Receipts: $1,640,746
Assets and Liabilities:
- Total Assets: $19,875,367
- Total Liabilities: $54,155
- Net Assets: $19,821,212
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CULTURAL CENTER
Revenue
$1,305,248
Organization Details
Founding Year
1992
Phone
(973) 292-9800Principal Officer
Gerald Tysiak
Main Address
2200 ROUTE 10, PARSIPPANY, NJ, 07054
NTEE Category
Code: Q113 - International
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