Illinois · Nonprofit
UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND
UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND (Illinois) receives grants from 1 organization whose IRS filings report $0 to it, the largest being US RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW ($0). 0 of them have funded it in more than one year.
- Revenue FY2025
- $63M
- Funders on record
- 1
- Grants received
- $0
- Net assets
- $285M
What Ukraine-Moldova American Enterprise Fund does
Mission
Name change: in fiscal 2023, based on approval by the board of directors, the fund initiated the process of changing its legal name to Ukraine-Moldova American Enterprise Fund. This change was recorded in the delaware secretary of state's certificate issued in october 2023. In january 2024, usaid issued grant modification #27 confirming the change of corporate name. The new name reflects the fund's actual historical and ongoing operations in ukraine and moldova, and includes the countries of operation, consistent with the practice of other enterprise funds. Organization mission - the Ukraine-Moldova American Enterprise Fund (the "fund") is a not-for-profit corporation formed pursuant to the support for east european democracy act of 1989 (the "seed act") and the 1992 freedom for russia and emerging eurasian democracies and open markets support act (the "freedom support act"). Umaef's primary purpose is promoting the development of the private sector, and the policies and practices conducive to such development, of the western nis region (the "region"), which consists of ukraine, moldova and belarus. The u.s. Congress authorized appropriations of $150 million, which were committed…
As stated on its FY2025 Form 990.
Programs
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.
$25,231,338 spentof which $20,738,246 as grants$2,524,877 earned by the program95% of program spendingNot described on the e-filed return.
$1,253,862 spent$8,683,847 earned by the program5% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $26,485,200.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $83M to $224M (+169%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 3% · 2023 100% · 2025 79%. Grants only. Government contracts and fees sit inside program revenue.
79% of UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND’s revenue is contributions — about as donation-reliant as the typical peer (96% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Jaroslawa Zelinsky Johnson
President & CEO
As listed on its FY2025 Form 990.
Against its field
UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND runs a healthier operating margin than three-quarters of the 174 international nonprofits its size.
this organization peer median middle 50% of peers· 174 international nonprofits $10M–$100M, FY2025
Organizations like UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
98% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Ukrainian Leadership Foundation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND?
- UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND (Illinois) receives grants from 1 organization whose IRS filings report $0 to it, the largest being US RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW ($0). 0 of them have funded it in more than one year.
- How many funders does UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND have?
- IRS filings report 1 organization giving $0 in grants to UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND.
- Who is the largest funder of UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND?
- US RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW is the largest funder on record, with $0 in grants. The full list of funders is on this page.
- How can an organization like UKRAINE-MOLDOVA AMERICAN ENTERPRISE FUND find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing