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Ukraine-Moldova American Enterprise Fund

Chicago, IL · EIN 13-3786524 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for the fiscal year ending September 30, 2025 (tax year 2024) · View the filing · Correct or respond

Ukraine-Moldova American Enterprise Fund reported $63.0 million in revenue and $27.1 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $97.80 went to program services, $2.20 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 79.1% of the total. Government grants made up 79.1%. The highest compensation it reported for one person was $334,523 (PRESIDENT & CEO). 7 people received more than $100,000 in reportable compensation. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $27M

For context, the median across 469 covered international, foreign affairs & national security charities: $89.04 programs, $8.28 management, $2.68 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $63M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 469 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
97.8%86.1%
Management & general
Part IX 25(C) ÷ 25(A)
2.2%8.0%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%2.6%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.03
Contributions & grants share of revenue
Part VIII 1h ÷ 12
79.1%96.6%
Government grants share of revenue
Part VIII 1e ÷ 12
79.1%0.0%
Program service revenue share
Part VIII 2g ÷ 12
4.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$334,523$341,362
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.24%1.06%
People paid over $100,000
Part VII, line 2
710
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
126.37.5
Independent voting board members
Part VI 1a–1b
6 of 7100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$25M expenses · 95.3% of program spending · grants $21M · revenue $2.5M

In september 2025, umaef received new funding of $49,852,000 from U.S. Government, as set forth in grant modification #29 issued january 2025

$1.3M expenses · 4.7% of program spending · revenue $8.7M

No description in Part III; see the filing.

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT & CEO
Director/trustee, officer, 40.00 hrs/week
$281,505$0$53,018$334,523
VENTURE DIRECTOR, UVENTURES
Highest compensated employee, 40.00 hrs/week
$142,031$0$0$142,031
INNOVATION, EDU. AND ENT. DIRECTOR
Highest compensated employee, 40.00 hrs/week
$126,640$0$0$126,640
LOCAL ECONOMIC DEVLOPMENT DIRECTOR
Highest compensated employee, 40.00 hrs/week
$125,423$0$0$125,423
SECRETARY
Officer, 36.00 hrs/week
$100,414$0$22,500$122,914
IMPACT INVESTING PROGRAM DIRECTOR
Highest compensated employee, 40.00 hrs/week
$116,124$0$0$116,124
STRATEGIC INITATIVES DIRECTOR
Highest compensated employee, 40.00 hrs/week
$115,124$0$0$115,124
EXECUTIVE VICE PRESIDENT
Officer, 1.00 hrs/week
$32,900$0$0$32,900

7 people received more than $100,000 in reportable compensation from Ukraine-Moldova American Enterprise Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $310K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
−$6.8M$43M$93M$143M$193MFY2020FY2021FY2022FY2023FY2024FY2025$63M$27M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$63M$27M97.8%$285M$334,523
FY2024 ⓘ$23M$16M97.1%$244M$495,566
FY2023 ⓘ$135M$7.8M93.8%$224M$232,549
FY2022 ⓘ−$937K$5.5M92.3%$83M$288,269
FY2021 ⓘ$4.2M$6.5M96.7%$83M$600,436
FY2020 ⓘ−$6.8M$5.1M93.9%$75M$224,281

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b7 · 6 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 52

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
HORIZON CAPITAL ASSOCIATES LCC
Shared services fees and investment mgmt
$820,307
JP MORGAN CHASE BANK
Investment account management fee
$379,905
UKRAINE HOUSE FOUNDATION
Co org svc for ukr house davos
$224,322
DAVOSWORKS BRAND SERVICES GMBH
Booking and rental services during uhd 2
$121,366

Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Ukraine-Moldova American Enterprise Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ukraine-Moldova American Enterprise Fund, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All international, foreign affairs & national security charities · Largest charities in Illinois

Questions people ask

How much of Ukraine-Moldova American Enterprise Fund's spending goes to programs?

In the fiscal year ending September 30, 2025, Ukraine-Moldova American Enterprise Fund reported that 97.8% of its $27.1 million in expenses went to program services, 2.2% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Ukraine-Moldova American Enterprise Fund pay its top executive?

The largest total compensation Ukraine-Moldova American Enterprise Fund reported for one person in the fiscal year ending September 30, 2025 was $334,523, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Ukraine-Moldova American Enterprise Fund get its money?

Of $63.0 million in revenue in the fiscal year ending September 30, 2025, 79.1% came from contributions and grants (including 79.1% from government grants) and 4.0% from program service revenue (Form 990, Part VIII).

Is Ukraine-Moldova American Enterprise Fund a registered charity?

The IRS lists EIN 13-3786524 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202602229349301520 · read the filing
  • FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202542259349301139 · read the filing
  • FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202442229349300639 · read the filing
  • FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202312219349300736 · read the filing
  • FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202212209349302011 · read the filing
  • FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202102219349301665 · read the filing

All filings for EIN 13-3786524: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.