2015-08-17T15:15:54-05:00 2014-09-30 453994797 LGC&D LLP TEN WEYBOSSET STREET - SUITE 700 PROVIDENCE RI 02903 990 2013-10-01 010732928 US RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW USRU 4102248645 137 MITCHELLS CHANCE ROAD NO 140 EDGEWATER MD 21037 ALAN GRIFFIN CHIEF FINANCIAL OFFICER 4102248645 2015-08-17 1 LYNN O'MARRA ESQUIRE P00821716 4014214800 2013 2016-02-25 16:41:14Z MARK G POMAR 137 MITCHELLS CHANCE ROAD NO 140 EDGEWATER MD 21037 95813243 0 X WWW.USRF.RU X 2002 DE TO PROMOTE THE LONG-TERM DEVELOPMENT OF RUSSIA'S MARKET ECONOMY, (CONTINUED ON SCHEDULE O) (CONTINUED) WORKING IN CLOSE PARTNERSHIP WITH THE RUSSIAN GOVERNMENT AND LEADING RUSSIAN INSTITUTIONS. IN THIS WAY, USRF SEEKS TO ENCOURAGE RUSSIAN ENTREPRENEURSHIP, SUPPORT THE LEGAL, REGULATORY, AND INSTITUTIONAL DEVELOPMENT THAT STRENGTHENS A MARKET ECONOMY, AND BUILD STRONG AND ENDURING TIES BETWEEN THE UNITED STATES AND RUSSIA. 15 14 3 0 0 0 0 8939013 0 0 3052189 3966202 0 4482 3052189 12909697 4722876 4817814 0 0 1703848 1746521 0 0 0 2202974 3341067 8629698 9905402 -5577509 3004295 132095254 293097036 3365944 4725326 128729310 288371710 X TO PROMOTE THE LONG-TERM DEVELOPMENT OF RUSSIA'S MARKET ECONOMY, WORKING IN CLOSE PARTNERSHIP WITH THE RUSSIAN GOVERNMENT AND LEADING RUSSIAN INSTITUTIONS. IN THIS WAY, USRF SEEKS TO ENCOURAGE RUSSIAN ENTREPRENEURSHIP, SUPPORT THE LEGAL, (CONTINUED ON SCHEDULE O) (CONTINUED) REGULATORY, AND INSTITUTIONAL DEVELOPMENT THAT STRENGTHENS A MARKET ECONOMY, AND BUILD STRONG AND ENDURING TIES BETWEEN THE UNITED STATES AND RUSSIA. 0 0 1968491 1409878 THE ENHANCING UNIVERSITY RESEARCH AND ENTREPRENEURIAL CAPACITY ("EURECA") PROGRAM FOCUSES ON SCIENTIFIC AND TECHNICAL COOPERATION BETWEEN RUSSIAN AND AMERICAN UNIVERSITIES AND IS BEING IMPLEMENTED IN PARTNERSHIP WITH THE RUSSIAN MINISTRY OF EDUCATION AND SCIENCE. THE GOALS ARE TO: (1) DEVELOP A CULTURE OF INNOVATION AND ENTREPRENEURSHIP IN THE FIELDS OF SCIENCE AND TECHNOLOGY AMONG FACULTY, STUDENTS, AND RESEARCHERS; (2) CREATE INFRASTRUCTURE TO SUPPORT THE TRANSFER OF TECHNOLOGIES INTO PRODUCTION; (3) ATTRACT INTEREST FROM BUSINESSES AND UNIVERSITIES IN SPONSORING RESEARCH; (4) INTEGRATE RUSSIAN UNIVERSITIES INTO THE INTERNATIONAL SCIENTIFIC AND EDUCATIONAL SPACE AND SUPPORT THEIR ENTRY INTO THE COMMUNITY OF WORLD-CLASS INSTITUTIONS; (5) STRENGTHEN INNOVATION ECOSYSTEMS AND (CONTINUED ON SCHEDULE O) (CONTINUED) THE ROLE OF UNIVERSITIES IN REGIONAL DEVELOPMENT AND INNOVATION CLUSTERS; (6) DEVELOP STRONG RELATIONSHIPS WITH VENTURE CAPITAL FIRMS TO RAISE START-UP CAPITAL; AND (7) FORM MUTUALLY BENEFICIAL PARTNERSHIPS BETWEEN RESEARCH AND BUSINESS COMMUNITIES IN THE U.S. AND RUSSIA. TARGETED GRANTS TO SUPPORT THE ABOVE PURPOSES. 3866062 3157936 ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP INITIATIVES: TARGETED GRANTS TO ORGANIZATIONS TO SUPPORT ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. MISSION CRITERIA INCLUDE: (1) MULTIPLIER EFFECT; (2) REPLICABILITY ON A REGIONAL OR NATIONAL SCALE; (3) RESULTING SYSTEMIC OR POLICY CHANGE; AND (4) SUSTAINABILITY. 355065 RULE OF LAW INITIATIVES: EFFORTS TO SUPPORT THE MODERNIZATION OF THE RUSSIAN LEGAL EDUCATION SYSTEM SO THAT IT CAN PREPARE LAWYERS TO WORK EFFECTIVELY IN A GLOBAL MARKET ECONOMY. LEGAL EXCHANGE ("LEX") PROGRAM: TO DEVELOP AND STRENGTHEN HUMAN CAPACITY AT RUSSIAN LEGAL INSTITUTIONS AND LAW FACULTIES THROUGH NEW CURRICULA IN THE AREA OF BUSINESS AND COMMERCIAL LAW, INNOVATIVE TEACHING METHODOLOGY BASED ON COMPETENCIES-BUILDING APPROACH, AND INCREASED COLLABORATION BETWEEN RUSSIAN AND U.S. UNIVERSITIES. THE GOALS ARE: (1) TO INCREASE THE CAPACITY OF RUSSIAN LAW FACULTIES TEACHING COMMERCIAL AND BUSINESS LAW TO FULFILL THE NEW STATE EDUCATIONAL STANDARDS INTRODUCING COMPETENCIES-BUILDING APPROACH; (2) ADOPTION BY RUSSIAN LAW FACULTIES OF EXPERIENTIAL LEARNING METHODOLOGY IN TEACHING COMMERCIAL AND BUSINESS LAW; (3) TO ADVANCE COLLABORATIVE EFFORTS BY RUSSIAN UNIVERSITIES TO IMPROVE TEACHING QUALIFICATIONS OF RUSSIAN LAW FACULTY; (4) THE DISSEMINATION OF BEST PRACTICES THROUGH FOUR UNIVERSITIES SERVING AS HUBS; AND (5) TO STRENGTHEN TIES BETWEEN RUSSIAN AND U.S. LAW SCHOOLS. TARGETED GRANTS TO SUPPORT THE ABOVE PURPOSES. 443412 250000 PUBLIC POLICY INITIATIVES: THE YEGOR GAIDAR FELLOWSHIP PROGRAM IN ECONOMICS, NAMED IN HONOR OF THE FIRST MINISTER OF FINANCE OF THE RUSSIAN FEDERATION, SUPPORTS THE LONG-TERM DEVELOPMENT OF RUSSIA'S MARKET ECONOMY BY PROVIDING OPPORTUNITIES FOR LEADING RUSSIAN ECONOMISTS TO CONDUCT COLLABORATIVE RESEARCH WITH U.S. ECONOMIC EXPERTS. THE PROGRAM'S GOAL IS "TO STRENGTHEN HUMAN CAPACITY AT RUSSIAN INSTITUTIONS IN DEVELOPING ENTREPRENEURSHIP, ECONOMIC DIVERSIFICATION, TECHNOLOGICAL INNOVATION, AND GLOBALIZATION." THE YEGOR GAIDAR SUMMER LEADERSHIP PROGRAM, JOINTLY ADMINISTERED WITH THE YEGOR GAIDAR FOUNDATION, WAS DESIGNED AND IS BEING IMPLEMENTED BY PURDUE UNIVERSITY. THE PROGRAM ENABLES YOUNG RUSSIAN LEADERS (THIRD AND FOURTH YEAR UNIVERSITY STUDENTS) FROM VARIOUS REGIONS OF RUSSIA TO ACQUIRE THE KNOWLEDGE, SKILLS, AND PRACTICAL EXPERIENCE NECESSARY FOR BUILDING A DYNAMIC MARKET ECONOMY. THE FOCUS IS ON ECONOMICS AND ENTREPRENEURSHIP. WORLD TRADE ORGANIZATION ("WTO") PROGRAM HAS PROVIDED THE HIGHER MANAGEMENT SCHOOL OF THE RUSSIAN PRESIDENTIAL ACADEMY OF NATIONAL ECONOMY AND PUBLIC ADMINISTRATION WITH HIGH-LEVEL U.S. EXPERTISE IN WTO ISSUES FOR THEIR TRAINING SESSIONS. ENTREPRENEURIAL MUSEUM PROJECT (JOINT PROGRAM WITH THE POTANIN FOUNDATION) TO CONTINUE WITH OUR JOINT PROGRAM IN MUSEUM ENTREPRENEURSHIP. OUR ROLE IS TO HELP IDENTIFY U.S. EXPERTS WHO CAN PARTICIPATE IN A MAJOR CONFERENCE AND MUSEUM EXHIBITION IN MOSCOW. THIS SMALL PROGRAM REPRESENTS AN IMPORTANT STRATEGIC DIRECTION: TO WORK JOINTLY WITH A MAJOR RUSSIAN FOUNDATION IN THE AREA OF SOCIAL ENTREPRENEURSHIP. TARGETED GRANTS TO SUPPORT THE ABOVE PURPOSES. 443412 250000 6633030 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 7 0 1 3 1 0 1 RS 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ALAN GRIFFIN 4102248645 137 MITCHELLS CHANCE ROAD SUITE 140 EDGEWATER MD 21037 THE HONORABLE JAMES F COLLINS CO-CHAIRMAN 9.00 1.00 X X 0 0 0 STEVEN L PEASE CO-CHAIRMAN 10.00 5.00 X X 0 0 0 KAREN N HORN VICE CHAIR/TREASURER 8.00 3.00 X X 0 0 0 JOHN R BEYRLE DIRECTOR 5.00 X 0 0 0 STEPHEN E BIEGUN DIRECTOR 3.00 1.00 X 0 0 0 DR SERGEY R BORISOV DIRECTOR 3.00 1.00 X 0 0 0 DR JENNE K BRITELL DIRECTOR 6.00 5.00 X 0 0 0 FRANK J CAUFIELD DIRECTOR 3.00 1.00 X 0 0 0 CRAIG KENNEDY DIRECTOR 3.00 X 0 0 0 THE HONORABLE PAUL MAGNUSON DIRECTOR 5.00 X 0 0 0 MARK POMAR PRESIDENT/CEO 40.00 X X 792846 0 84251 CHARLES E RYAN DIRECTOR 5.00 X 0 0 0 NADIA SERYAKOVA DIRECTOR 3.00 X 0 0 0 DMITRY VASILIEV DIRECTOR 3.00 X 0 0 0 THE HONORABLE MICHAEL M MIHM DIRECTOR 10.00 X 0 0 0 ALAN GRIFFIN COO/CFO 30.00 10.00 X 210950 0 82546 LORI JONES ASST. TREASURER/SECRETARY 30.00 10.00 X 70186 0 24770 ANNA DANILINA ASST. TREASURER/SECRETARY 39.00 1.00 X 0 0 114170 ROBERT C ODLE JR COUNSEL 2.00 4.00 X 0 0 0 1073982 0 305737 2 0 1 0 0 8939013 8939013 3572374 3572374 83297374 82903546 393828 393828 393828 OTHER INCOME 900099 4482 4482 4482 12909697 0 0 3970684 3384350 3384350 1433464 1433464 1361682 797568 564114 285939 215803 70136 187 187 98713 69571 29142 125759 18206 107553 114483 114483 1266358 1266358 219663 73192 146471 96709 55753 40956 28387 16516 11871 460730 308006 152724 763924 173704 590220 119351 86897 32454 16744 16744 119068 119068 FOREIGN CURRENCY TRANSL 9891 9891 9905402 6633030 3272372 0 378294 638997 13319363 15765935 30713 0 234139 195250 107548 89751 28702 17797 106449149 257070753 11654894 19408304 132095254 293097036 289462 224654 3076482 4500672 3365944 4725326 X 0 0 0 0 128729310 288371710 128729310 288371710 132095254 293097036 X 3004295 9980092 146658013 X X 0 1 X 1 0 X 62070000 20000000 8939013 91009013 62070000 20000000 8939013 91009013 91009013 204461 602290 1663289 2160959 3572374 8203373 1109 4482 5591 99217977 0.91730 0.94340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 101783 86869 14914 5765 2882 2883 17797 PRIVATE INVESTMENTS 19408304 F 19408304 1 RUSSIA/INDEPENDENT STATES 1 GRANTS TO RECIPIENTS LOCATED IN REGION; OTHER PROGRAM SERVICES SEE SCHEDULE F, PART V. 1433464 1 0 0 0 1 0 1433464 0 1433464 RUSSIA PUBLIC SUPPORT 88750 WIRE CASH RUSSIA PUBLIC SUPPORT 320000 WIRE CASH RUSSIA PUBLIC SUPPORT 100000 WIRE CASH RUSSIA PUBLIC SUPPORT 475000 WIRE CASH RUSSIA PUBLIC SUPPORT 99836 WIRE CASH RUSSIA PUBLIC SUPPORT 99878 WIRE CASH RUSSIA PUBLIC SUPPORT 70000 WIRE CASH RUSSIA PUBLIC SUPPORT 100000 WIRE CASH RUSSIA PUBLIC SUPPORT 80000 WIRE CASH 9 0 1 0 1 0 0 0 PART I, LINE 2: THE U.S. RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW ("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 FOUNDATION GRANT APPLICATION IS DETERMINED TO BE WORTHY OF SUPPORT, IT WILL BE RECOMMENDED 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 CONTRACT IS DEVELOPED BETWEEN USRF AND THE GRANTEE. THE GRANT DOCUMENTATION 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 THE ORGANIZATION'S AUTHORITY TO WITHHOLD OR RECOVER GRANT FUNDS IN CASES WHERE SUCH FUNDS ARE, OR APPEAR TO BE, MISUSED. TO ENSURE THAT THE FOREIGN ORGANIZATIONS RECEIVING FUNDS ARE USING THE FUNDS IN FURTHERANCE OF OUR EXEMPT MISSION, USRF WILL MAKE SITE VISITS, PARTICIPATE IN GRANTEE EVENTS, OR REVIEW RELEVANT RESEARCH PAPERS. 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. 1 AMERICAN COUNCILS FOR INTERNATIONAL EDUCATION 1828 L STREET NW SUITE 1200 WASHINGTON DC 20036 521067256 501(C)(3) 265000 CASH PUBLIC SUPPORT INDIANA UNIVERSITY 356018940 501(C)(3) 150000 CASH PUBLIC SUPPORT CFE INC 11957 OAKVIEW WAY SAN DIEGO CA 92128 421767047 501(C)(3) 2869350 CASH PUBLIC SUPPORT PURDUE UNIVERSITY 610 PURDUE MALL WEST LAFAYETTE IN 47907 356002041 501(C)(3) 100000 CASH PUBLIC SUPPORT 4 0 PART I, LINE 2: THE U.S. RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW ("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 X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MARK POMAR PRESIDENT/CEO 350000 0 25000 0 417846 0 51000 0 33251 0 877097 0 0 0 ALAN GRIFFIN COO/CFO 204039 0 0 0 6911 0 51000 0 31546 0 293496 0 0 0 PART I, LINE 1A IN LIEU OF FEES FOR ATTENDING BOARD MEETINGS, IN 1990, THE U.S. CONGRESS AND THE USAID ADOPTED A POLICY THAT NON-EXECUTIVE DIRECTORS OF ENTERPRISE FUNDS WERE AUTHORIZED TO FLY FIRST CLASS WHEN TRAVELING ON ORGANIZATION BUSINESS. THE VARIOUS ENTERPRISE FUND AND FOUNDATION DOCUMENTS HAVE ALWAYS REFLECTED THIS POLICY, AND CONGRESS, STATE AND USAID HAVE BEEN AWARE SINCE 1990 THAT DIRECTORS FLY FIRST CLASS. FORM 990, SCHEDULE J: DURING THE CALENDAR YEAR 2013, MARK POMAR'S BASE COMPENSATION WAS $350,000 PER YEAR, UNCHANGED SINCE JUNE 2008 WHEN HE WAS HIRED TO SERVE AS USRF'S CEO. IN ADDITION, HE RECEIVED A BONUS OF $25,000 FOR MERITORIOUS PERFORMANCE. MR. POMAR WAS AN "EXPAT" LIVING IN MOSCOW AT THE REQUEST OF THE USRF BOARD. ACCORDINGLY, MR. POMAR RECEIVED TYPICAL "EXPAT" BENEFITS WHILE MAINTAINING A FAMILY RESIDENCE IN THE UNITED STATES. THESE OTHER REPORTABLE COMPENSATION BENEFITS OF $417,846 INCLUDED $163,745 FOR SUITABLE HOUSING FOR HIS FAMILY IN MOSCOW, TAX EQUALIZATION AND PREPARATION - BOTH RUSSIAN AND U.S. TAXES APPLY OF $133,260, EXPENSES FOR THREE ANNUAL LEAVE TRIPS BASED ON THE COST OF AIRFARE FOR MR. POMAR'S FAMILY TO TRAVEL TO THE UNITED STATES OF $59,094, LIFE AND DISABILITY INSURANCE OF $20,233, SCHOOLING FOR HIS SON OF $39,006 AND HEALTH CLUB BENEFITS OF $2,508. ROBERT C ODLE JR OFFICER 56872 ROBERT C. ODLE, JR. WAS A LAWYER WITH THE LAW FIRM OF WEIL, GOTSHAL, & MANGES, LLP DURING THE REPORTING PERIOD OF THIS FORM 990. THIS LAW FIRM RECEIVED COMPENSATION FOR SERVICES IN THE AMOUNT OF $56,872 FOR THE 2014 FISCAL YEAR. MR. ODLE WAS NOT COMPENSATED FOR HIS SERVICE AS AN OFFICER FOR USRF. MR. ODLE RECUSED HIMSELF FROM MATTERS CONCERNING THE SELECTION AND COMPENSATION OF THE LAW FIRM RETAINED BY USRF. 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 11 THE FORM 990 WAS PREPARED BY LGC&D, LLP AND REVIEWED IN DETAIL WITH THE ORGANIZATION PRIOR TO FILING. CHIEF FINANCIAL OFFICER, ALAN GRIFFIN, COORDINATED WITH LGC&D TO PROVIDE AN ACCURATE AND REPRESENTATIVE FORM 990. A COPY OF THE FORM 990 WAS 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 U.S. RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND RULE OF LAW UNDERTAKES A RIGOROUS PROCESS TO ENSURE THAT THE COMPENSATION IT PAYS TO ITS OFFICERS IS REASONABLE. 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. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION 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: ACQUISITION OF TUSRF, LLC 146,658,013. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE ORGANIZATION'S AUDIT REMAINS THE SAME AS IN PRIOR YEARS. THE AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT. FORM 990 ON MARCH 15, 2011, THE U.S. RUSSIA INVESTMENT FUND (A RELATED PARTY OF U.S. RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW - "THE FOUNDATION") FILED A CERTIFICATE OF DISSOLUTION WITH THE STATE OF DELAWARE, TO BE COMPLETED BY MARCH 15, 2014. UNABLE TO COMPLETE ITS LIQUIDATION BY THIS DATE, THE U.S. RUSSIA INVESTMENT FUND WAS GIVEN PERMISSION BY USAID ON FEBRUARY 21, 2014 TO CONVERT TO A LIMITED LIABILITY COMPANY ("LLC"). USAID FURTHER STIPULATED (1) THAT THE NEWLY FORMED LLC CONTINUE AS THE GRANTEE UNDER, AND MUST COMPLY WITH, THE TERMS AND CONDITIONS OF THE GRANT AGREEMENT BETWEEN USAID AND THE FUND DATED AUGUST 15, 1995, AS SUBSEQUENTLY AMENDED, AND (2) THAT THE PROCEEDS FROM THE SALE OF ASSETS TRANSFERRED BY THE LLC TO THE FOUNDATION BE DISTRIBUTED ACCORDING TO A FORMULA TO BE SUBSEQUENTLY DETERMINED BY THE U.S. GOVERNMENT. ON MARCH 1, 2014, WITH USAID APPROVAL, THE U.S. RUSSIA INVESTMENT FUND REVOKED ITS CERTIFICATE OF DISSOLUTION AND CONVERTED, UNDER DELAWARE LAW, TO THE U.S. RUSSIA INVESTMENT FUND, LLC ("TUSRIF, LLC"). THE SOLE MEMBER OF THE CONVERTED TUSRIF, LLC IS THE FOUNDATION. ALL INCOME AND EXPENSES RELATED TO TUSRIF, LLC FOR THE PERIOD MARCH 1, 2014 THROUGH SEPTEMBER 30, 2014 HAVE BEEN INCLUDED IN THIS FORM 990 FILING FOR THE FOUNDATION. THE US RUSSIA INVESTMENT FUND LLC 137 MITCHELLS CHANCE ROAD EDGEWATER MD 21037 133837559 INVESTMENTS DE -319069 146972298 US RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW THE US RUSSIA INVESTMENT FUND 137 MITCHELLS CHANCE ROAD EDGEWATER MD 21037 133837559 INVESTMENTS DE 501(C) LINE 7 N/A 0 CFE INC 11957 OAKVIEW WAY SAN DIEGO CA 92128 421767047 TO DESIGN/IMPLEMENT TRAINING PROGRAMS FOR RUSSIAN ENTREPRENEURS DE 501(C) 170(B)(1)(A) N/A 0 CAPTIVA HOLDINGS LIMITED 2-4 ARCH MAKARIOS III AVE NICOSIA CY HOLDING COMPANY CY C 1.00000 0 DL HOLDINGS LIMITED 2-4 ARCH MAKARIOS III AVE NICOSIA CY HOLDING COMPANY CY C 1.00000 0 WHITESTONE CAPITAL LIMITED 2-4 ARCH MAKARIOS III AVE NICOSIA CY HOLDING COMPANY CY C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0