Overview
What is Ukrainian Free University Foundation Inc?
Ukrainian Free University Foundation Inc, based in New York, New York, is a nonprofit organization that supports the General Scholarship Fund of the Ukrainian Free University, which is accredited by the German government and is situated in Munich, Germany. The foundation's primary mission is to preserve consciousness and identity, as well as cultural heritage and tradition among Ukrainian youth, particularly among students of higher educational institutions in the United States and abroad. To achieve this goal, they provide financial aid to these students. The foundation's activities are focused on helping Ukrainian youth maintain their cultural roots while pursuing higher education, both domestically and internationally.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (67%) - Two-Star out of Four Star rating
The Ukrainian Free University Foundation Inc has been rated as needing improvement, receiving a two-star rating from Charity Navigator. The overall score of 67% reflects its commitment to financial management and accountability, particularly highlighted by a low liabilities to assets ratio of 7.27% and a strong program expense ratio of 93.51%. This suggests that the organization is effectively allocating its resources towards its programs.
However, there are significant areas for concern that have impacted its overall rating. The foundation has not provided financial statements or essential documents on its website, such as its tax form, conflict of interest policy, and whistleblower policy. These omissions indicate gaps in transparency and governance, which could affect potential donors' trust and the foundation's overall accountability.
Despite the presence of a fully independent board and proper documentation of board meeting minutes, the lack of critical policies and documents limits the organization's perceived credibility. Improving these areas could enhance its financial score and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Ukrainian Free University Foundation Inc legitimate?
Ukrainian Free University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ukrainian Free University 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: $8,650
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ukrainian Free University Foundation Inc?
The Ukrainian Free University Foundation Inc's mission is centered around providing financial aid. This aid is aimed at preserving consciousness, identity, cultural heritage, and traditions among Ukrainian youth, particularly those in higher education institutions, both in the United States and internationally. The organization's primary goal is to support the Ukrainian Free University, an accredited institution located in Munich, Germany, through its General Scholarship Fund.
Who is the CEO of Ukrainian Free University Foundation Inc?
Askold Lozynskyj is the President of Ukrainian Free University Foundation Inc.
What is the revenue of Ukrainian Free University Foundation Inc?
Ukrainian Free University Foundation Inc's revenue in 2022 was $588,118.
Who are the executives of Ukrainian Free University Foundation Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Ukrainian Free University Foundation Inc?
Ukrainian Free University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ukrainian Free University Foundation Inc
Ukrainian Free University Foundation Inc is committed to preserving consciousness, identity, cultural heritage, and tradition among Ukrainian youth, particularly those pursuing higher education. The organization focuses its efforts on supporting students in the United States and abroad. To achieve this mission, Ukrainian Free University Foundation Inc funds the General Scholarship Fund of the Ukrainian Free University, an accredited institution located in Munich, Germany. This financial aid enables Ukrainian students to maintain their cultural identity and values while pursuing their academic endeavors. By providing scholarships, the foundation helps ensure that the rich cultural heritage and traditions of Ukrainian youth are not lost, but rather, are nurtured and carried forward into future generations.
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Impact
July, 2024
Ukrainian Free University Foundation Inc's impact is significant in providing financial aid to preserve conscientiousness and identity, cultural heritage, and tradition among Ukrainian youth. Specifically focusing on students of higher educational institutions in the United States and abroad, the foundation plays a crucial role in supporting the general scholarship fund of the Ukrainian Free University located in Munich, Germany, which is accredited by the German government. By offering financial assistance, the foundation enables Ukrainian students to access higher education opportunities and maintain their cultural heritage and traditions. This not only empowers individuals in their academic pursuits but also helps in preserving Ukrainian identity and values within the global community.
This information is meant to be a general summary of Ukrainian Free University 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: $47,374
- Gross Receipts: $588,118
Assets and Liabilities:
- Total Assets: $2,330,028
- Total Liabilities: $169,565
- Net Assets: $2,160,463
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Organization Details
Founding Year
1975
Phone
(212) 353-3029Principal Officer
Askold Lozynskyj
Main Address
136 2ND AVENUE, NEW YORK, NY, 10003
NTEE Category
Code: B84 - Education
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