2022-05-02T09:25:41-05:00 2021-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2021-01-01 010732928 US RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW USRU 2024957888 1230 17TH STREET NW WASHINGTON DC 20036 ALAN GRIFFIN COO/CFO 2024957888 2022-05-02 1 ALAN GRIFFIN 999009999 AARON M FOX P01365820 2022274000 2022-05-02 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MATTHEW ROJANSKY 1230 17TH STREET NW WASHINGTON DC 20036 121072569 0 X WWW.USRF.US X 2002 DE SEE PART III, LINE 1. 13 12 17 13 0 0 0 0 0 0 8377448 10915302 0 2800 8377448 10918102 4345425 3564119 0 0 1527782 1877926 0 0 0 2082693 2658892 7955900 8100937 421548 2817165 316911891 338533234 1285904 852384 315625987 337680850 X THE U.S. RUSSIA FOUNDATION WAS FOUNDED IN 2008 TO STRENGTHEN RELATIONS BETWEEN THE UNITED STATES AND RUSSIA AND TO PROMOTE THE DEVELOPMENT OF THE PRIVATE SECTOR IN THE RUSSIAN FEDERATION. USRF SUPPORTS PROGRAMS THAT BUILD RUSSIAN INNOVATION, ENTREPRENEURSHIP, EDUCATION, AND SCIENTIFIC EXPERTISE, AND PROGRAMS THAT CONNECT RUSSIANS AND AMERICANS IN BUSINESS, THE LEGAL PROFESSION, THEIR COMMUNITIES, THE MEDIA, AND EDUCATION. 0 0 2044064 1606810 EDUCATION, EXCHANGES AND COMMUNITY BUILDING: FOCUS ON EDUCATION AND TRAINING TO SUPPORT THE HUMAN CAPACITY OF CITIZENS WHO THEN WORK WITHIN THEIR COMMUNITIES TO DEVELOP AND SUSTAIN A VIBRANT AND GROWING PRIVATE SECTOR IN RUSSIA. 1341388 1054447 SUSTAINABLE ECONOMIC DEVELOPMENT: FOCUS ON EDUCATION AND TRAINING IN LEGAL, REGULATORY, ECONOMIC, AND BUSINESS PRACTICES THAT BUILD THE CAPACITY OF RUSSIAN CITIZENS FOR PRIVATE ENTREPRENEURSHIP AND FURTHER CONTRIBUTES TO THE DEVELOPMENT OF THE PRIVATE SECTOR IN RUSSIA. 1259272 902862 RULE OF LAW: FOCUS ON EDUCATION AND TRAINING IN LAW, INFORMATION, MEDIA, AND ACTIVITIES THAT BUILD THE CAPACITY OF RUSSIAN CITIZENS TO DEVELOP AND SUSTAIN LAWS, INSTITUTIONS, AND PRACTICES THAT ENABLE GOOD GOVERNANCE AT THE LOCAL, REGIONAL, AND NATIONAL LEVEL. THIS IN TURN CONTRIBUTES TO THE DEVELOPMENT OF THE PRIVATE SECTOR IN RUSSIA. 4644724 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ALAN GRIFFIN 2024957888 1230 17TH STREET NW WASHINGTON DC 20036 CELESTE WALLANDER CHIEF EXECUTIVE OFFICER 40.00 X X 325878 0 78738 ALAN GRIFFIN COO/CFO 40.00 X 264750 0 86394 REBEKAH STROMAN CHIEF OF STAFF - UNTIL 12/2021 40.00 X 136456 0 46312 LORI JONES ASST. TREASURER/SECRETARY 40.00 X 102606 0 50938 JOHN R BEYRLE CHAIRMAN 18.00 X X 0 0 0 KAREN N HORN VICE CHAIR/TREASURER 8.00 X X 0 0 0 STEPHEN BIEGUN DIRECTOR 5.00 X 0 0 0 DR JENNE K BRITELL DIRECTOR 6.00 X 0 0 0 THE HONORABLE JAMES F COLLINS DIRECTOR 15.00 X 0 0 0 SUSAN EISENHOWER DIRECTOR 3.00 X 0 0 0 THOMAS FIRESTONE DIRECTOR 3.00 X 0 0 0 R CRAIG KENNEDY DIRECTOR 3.00 X 0 0 0 THE HONORABLE PAUL A MAGNUSON DIRECTOR - UNTIL 05/2021 5.00 X 0 0 0 THE HONORABLE MICHAEL M MIHM DIRECTOR 5.00 X 0 0 0 STEVEN L PEASE DIRECTOR 15.00 X 0 0 0 GREGORY RIGDON DIRECTOR 3.00 X 0 0 0 CHARLES E RYAN DIRECTOR 8.00 X 0 0 0 829690 0 262382 4 0 1 0 0 4052154 4052154 117017615 110154467 6863148 6863148 6863148 OTHER 900099 2800 2800 2800 10918102 0 0 10918102 2713476 2713476 850643 850643 909307 126390 782917 642730 427953 214777 132097 93264 38833 108463 60582 47881 85329 33710 51619 293360 293360 53120 53120 1667501 1667501 147846 106344 41502 43805 25381 18424 65649 38038 27611 264863 153465 111398 11095 1786 9309 7211 7211 19161 11102 8059 82365 82365 DUES & MEMBERSHIPS 2590 2590 TAXES, LICENSES & FEES 326 326 8100937 4644724 3456213 0 332805 197987 26681903 7712434 398 38827 122 51241 86858 116770 94687 41244 22083 202029503 235129200 87754287 95325457 20388 20388 316911891 338533234 180594 424009 1105310 428375 1285904 852384 X 164625987 185180850 151000000 152500000 315625987 337680850 316911891 338533234 X 2817165 19183607 54091 X 0 1 X 1 0 9465 7011 2454 30111 29821 290 77194 57855 19339 22083 PRIVATE EQUITY FUNDS 42622140 C HEDGE FUNDS 52703317 C 95325457 X 28434208 19183607 19183607 9250601 1667501 1667501 10918102 6379345 0 6379345 1667501 54091 1721592 8100937 PART X, LINE 2: THE ORGANIZATION EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2021, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECOVERIES OF PRIOR YEAR GRANTS 54,091. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING SEE SCHEDULE F, PART V 459533 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 GRANTMAKING SEE SCHEDULE F, PART V 391110 0 0 0 0 0 0 850643 0 850643 RUSSIA AND THE NEWLY INDEPENDENT STATES PUBLIC SUPPORT 190000 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) PUBLIC SUPPORT 119075 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) PUBLIC SUPPORT 83131 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) PUBLIC SUPPORT 50200 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) PUBLIC SUPPORT 50000 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) PUBLIC SUPPORT 49127 WIRE 0 RUSSIA AND THE NEWLY INDEPENDENT STATES PUBLIC SUPPORT 48180 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) PUBLIC SUPPORT 47000 WIRE 0 RUSSIA AND THE NEWLY INDEPENDENT STATES PUBLIC SUPPORT 46965 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) PUBLIC SUPPORT 45000 WIRE 0 RUSSIA AND THE NEWLY INDEPENDENT STATES PUBLIC SUPPORT 36000 WIRE 0 RUSSIA AND THE NEWLY INDEPENDENT STATES PUBLIC SUPPORT 35000 WIRE 0 RUSSIA AND THE NEWLY INDEPENDENT STATES PUBLIC SUPPORT 24965 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) PUBLIC SUPPORT 16000 WIRE 0 RUSSIA AND THE NEWLY INDEPENDENT STATES PUBLIC SUPPORT 10000 WIRE 0 15 1 0 0 0 0 0 PART I, LINE 2: USRF UNDERTAKES A RIGOROUS REVIEW PROCESS FOR ALL GRANTS MADE TO ORGANIZATIONS OUTSIDE THE UNITED STATES. ANY ORGANIZATION SEEKING FUNDING FROM USRF IS REQUIRED TO COMPLETE A GRANT OR FUNDING APPLICATION THAT IS REVIEWED BY A MEMBER OF THE SENIOR STAFF WHO THEN DETERMINES IF IT ADDRESSED THE CHARITABLE MISSIONS SUPPORTED BY USRF. IF A GRANT APPLICATION IS DETERMINED TO BE WORTHY OF SUPPORT, MANAGEMENT WILL RECOMMENDED IT FOR APPROVAL TO THE GRANTS COMMITTEE. THOSE GRANTS APPROVED BY THE GRANTS COMMITTEE ARE RECOMMENDED FOR APPROVAL TO THE FULL BOARD. ONCE A GRANT REQUEST IS APPROVED, A STANDARD AGREEMENT IS SIGNED BETWEEN USRF AND THE GRANTEE. THE STANDARD AGREEMENT MAKES CLEAR THE RESPONSIBILITIES OF ALL PARTIES. IT OBLIGATES THE GRANTEE TO USE THE GRANT FUNDS ONLY FOR THE PURPOSES FOR WHICH THE GRANT IS MADE, PROVIDES FOR PERIODIC WRITTEN REPORTS AS WELL AS AN ACCOUNTING OF HOW GRANT FUNDS WERE USED, AND ACKNOWLEDGES USRF'S AUTHORITY TO WITHHOLD OR RECOVER GRANT FUNDS IN CASES WHERE SUCH FUNDS ARE NOT USED ACCORDINGLY. TO ENSURE THAT THE FOREIGN ORGANIZATIONS RECEIVING FUNDS ARE USING THE FUNDS IN FURTHERANCE OF USRF'S EXEMPT MISSION, USRF WILL MAKE SITE VISITS, PARTICIPATE IN GRANTEE EVENTS, REVIEW RELEVANT REPORTS, AND MEET WITH GRANTEE IN PERSON. USRF PROVIDES OVERSIGHT TO EACH GRANTEE: 1. A GRANT MANAGER IS ASSIGNED TO EACH GRANTEE, 2. THERE IS EXTENSIVE INTERACTION WITH EACH GRANTEE ON THE DEVELOPMENT OF ITS PROPOSAL TO ENSURE THAT GRANT FUNDS WILL ONLY BE USED FOR PURPOSES AGREED UPON, 3. CONTRACTS ARE SIGNED THAT OUTLINE HOW THE GRANT FUNDS WILL BE USED, 4. PERIODIC REPORTS ARE REQUIRED TO ENSURE THAT MILESTONES ARE REACHED, 5. A GRANT MANAGER WILL MAKE A SITE VISIT, AND 6. A FINAL REPORT, INCLUDING AN ACCOUNTING OF THE USE OF THE FUNDS, IS REQUIRED. PART III ACCOUNTING METHOD: 1 PEN AMERICA CENTER 588 BROADWAY SUITE 303 NEW YORK NY 10012 133447888 501(C)(3) 151116 0 PUBLIC SUPPORT WILD SALMON CENTER 721 NW 9TH AVENUE SUITE 300 PORTLAND OR 97209 943166095 501(C)(3) 140000 0 PUBLIC SUPPORT OREGON STATE UNIVERSITY 312 KERR ADMIN BLDG CORVALLIS OR 97331 611730890 170(C)(1) 135207 0 PUBLIC SUPPORT UNIVERSITY OF SOUTH FLORIDA FOUNDATION 4202 E FOWLER AVE ALC100 TAMPA FL 33620 590879015 501(C)(3) 111059 0 PUBLIC SUPPORT THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 10889 WILSHIRE BLVD SUITE 700 LOS ANGELES CA 90095 956006143 501(C)(3) 111000 0 PUBLIC SUPPORT CERGE-EI FOUNDATION 110 JABEZ STREET 1004 NEWARK NJ 07105 251725738 501(C)(3) 105000 0 PUBLIC SUPPORT PACIFIC SOUND AND VISION 9595 WILSHIRE BLVD SUITE 305 BEVERLY HILLS CA 90212 812836181 501(C)(3) 103980 0 PUBLIC SUPPORT HARRIMAN INSTITUTE AT COLUMBIA UNIVERSITY 615 W 131ST STREET SUITE 600 NEW YORK NY 10027 135598093 501(C)(3) 92000 0 PUBLIC SUPPORT IMPACT HUB TRUST 10005 SW 178TH 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SOUTHERN CALIFORNIA LOS ANGELES CA 90089 046130037 501(C)(3) 36000 0 PUBLIC SUPPORT WORLD JUSTICE PROJECT 1025 VERMONT AVE NW 1200 WASHINGTON DC 20005 270359097 501(C)(3) 35000 0 PUBLIC SUPPORT AESF PRODUCTION INC 42-51 HUNTER STREET LONG ISLAND CITY NY 11101 824107714 N/A 32000 0 PUBLIC SUPPORT DEPAUL UNIVERSITY 1 E JACKSON BLVD CHICAGO IL 60604 362167048 501(C)(3) 31000 0 PUBLIC SUPPORT UNIVERSITY OF MICHIGAN 500 S STATE STREET ANN ARBOR MI 48109 386006309 501(C)(3) 30569 0 PUBLIC SUPPORT ARIZONA STATE UNIVERSITY FOUNDATION 300 EAST UNIVERSITY DRIVE TEMPE AZ 85281 866051042 501(C)(3) 30000 0 PUBLIC SUPPORT BARD COLLEGE 30 CAMPUS ROAD ANNANDALEONHUDSON NY 12504 141713034 501(C)(3) 30000 0 PUBLIC SUPPORT ARIZONA STATE UNIVERSITY 300 EAST UNIVERSITY DRIVE TEMPE AZ 85281 866051042 501(C)(3) 27000 0 PUBLIC SUPPORT FOUNDATION FOR DEMOCRATIC DEVELOPMENT 1629 K STREET NW SUITE 300 WASHINGTON DC 20006 834583490 501(C)(3) 25000 0 PUBLIC SUPPORT RUSSIAN AMERICAN SCIENCE ASSOCIATION 7016 TURKEY FARM ROAD CHAPEL HILL NC 27514 270973044 501(C)(3) 25000 0 PUBLIC SUPPORT YALE UNIVERSITY 2 SCIENCE PARK 150 MUNSON ST NEW HAVEN CT 06511 060646973 501(C)(3) 25000 0 PUBLIC SUPPORT AMERICAN COUNCILS FOR INTERNATIONAL EDUCATION 1828 L STREET NW SUITE 1200 WASHINGTON DC 20036 521067256 501(C)(3) 24000 0 PUBLIC SUPPORT CENTER FOR INDEPENDENT SOCIAL RESEARCH 2815 SUSQUEHANNOCK CIRCLE ODENTON MD 21113 825241072 501(C)(3) 20000 0 PUBLIC SUPPORT COUNCIL FOR US-RUSSIA RELATIONS 4241 21ST AVENUE WEST SUITE 104 SEATTLE WA 98199 453593814 501(C)(3) 17734 0 PUBLIC SUPPORT BLOOMSBURG UNIVERSITY OF PENNSYLVANIA 400 E 2ND STREET BLOOMSBURG PA 17815 232738930 501(C)(3) 6000 0 PUBLIC SUPPORT 41 6 PART I, LINE 2: USRF EMPLOYS THE SAME CRITERIA TO MONITOR GRANTS MADE WITHIN THE UNITED STATES AS IT DOES FOR GRANTS MADE OUTSIDE THE UNITED STATES. PLEASE REFER TO SCHEDULE F, PART V, FOR A DETAILED DESCRIPTION OF THE ORGANIZATION'S GRANT MONITORING PROCESS. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 CELESTE WALLANDER CHIEF EXECUTIVE OFFICER 321577 0 0 0 4301 0 58000 0 20738 0 404616 0 0 0 ALAN GRIFFIN COO/CFO 260419 0 0 0 4331 0 58000 0 28394 0 351144 0 0 0 REBEKAH STROMAN CHIEF OF STAFF - UNTIL 12/2021 131987 0 0 0 4469 0 38880 0 7432 0 182768 0 0 0 LORI JONES ASST. TREASURER/SECRETARY 102126 0 0 0 480 0 36659 0 14279 0 153544 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 DELAWARE NONSTOCK CORPORATIONS HAVE MEMBERS PURSUANT TO SECTION 102(A)(4) OF THE DELAWARE GENERAL CORPORATION LAW. THE MEMBERS ELECT THE DIRECTORS AND HAVE CERTAIN RIGHTS OF APPROVAL AS MEMBERS AS PROVIDED BY DELAWARE LAW. THE ORGANIZATION'S CERTIFICATE OF INCORPORATION PROVIDES THAT THE MEMBERS OF THE CORPORATION SHALL BE THE U.S. DIRECTORS. FURTHERMORE, IF AT ANY TIME AND FOR ANY REASON ANY MEMBER SHALL CEASE TO BE A U.S. DIRECTOR, SUCH PERSON SHALL SIMULTANEOUSLY CEASE TO BE A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A SEE EXPLANATION FOR PART VI, SECTION A, LINE 6. FORM 990, PART VI, SECTION A, LINE 7B SEE EXPLANATION FOR PART VI, SECTION A, LINE 6. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FEDERAL FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED IN DETAIL WITH THE ORGANIZATION PRIOR TO FILING. CHIEF FINANCIAL OFFICER, ALAN GRIFFIN, COORDINATES WITH MARCUM LLP TO PROVIDE AN ACCURATE AND REPRESENTATIVE FORM 990. A COPY OF THE DRAFT FEDERAL FORM 990 IS PROVIDED TO EACH DIRECTOR OF THE U.S. RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND RULE OF LAW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL CURRENT AND FORMER DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO PROMPTLY DISCLOSE ALL MATERIAL FACTS RELATING TO ANY ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST. IN ADDITION, EACH PERSON MUST COMPLETE A QUESTIONNAIRE CONCERNING CONFLICTS OF INTEREST ANNUALLY, AND UPON ANY CHANGE OF CIRCUMSTANCE, WHICH SHALL BE REVIEWED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 USRF UNDERTAKES A RIGOROUS PROCESS TO ENSURE THAT THE COMPENSATION IT PAYS TO ITS OFFICERS IS REASONABLE. THIS PROCESS INCLUDES THE REVIEW OF THE FORM 990 AND EMPLOYMENT CONTRACTS OF OTHER ORGANIZATIONS ALONG WITH CONDUCTING A COMPENSATION STUDY. THE BOARD OF DIRECTORS HAS ESTABLISHED A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT PERSONS WHO HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION ARRANGEMENT. THE USRF COMPENSATION COMMITTEE MUST APPROVE THE COMPENSATION, WITHOUT INPUT OR VOTING PARTICIPATION BY THE PERSON WHOSE COMPENSATION IS BEING APPROVED OR BY ANY OTHER INDIVIDUAL WITH A CONFLICT OF INTEREST. THE FINAL DETERMINATION IS THEN DOCUMENTED IN COMMITTEE MINUTES. THOSE MINUTES WILL CONTAIN THE TERMS OF THE PROPOSED COMPENSATION AND DECISIONS OF THOSE INDIVIDUALS WHO VOTED ON THE COMPENSATION. USRF LAST CONDUCTED ITS COMPENSATION STUDY ON SEPTEMBER 2021. FORM 990, PART VI, SECTION C, LINE 19 USRF MAKES ITS FORM 990 AND FORM 1023 AVAILABLE TO THE PUBLIC BY RETAINING A COPY OF EACH AT THE ADDRESS LISTED ON PAGE 1 OF THIS RETURN. ANY INDIVIDUAL REQUESTING A COPY OF THESE DOCUMENTS IS PROVIDED THAT COPY. THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: RECOVERIES OF PRIOR YEAR GRANTS 54,091. THE US RUSSIA INVESTMENT FUND LLC 1230 17TH STREET NW WASHINGTON DC 20036 133837559 INVESTMENTS DE -227327 153672974 US RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW