2012-08-14T13:23:49-05:00 2011-09-30 LEFKOWITZ GARFINKEL ET AL PC TEN WEYBOSSET STREET - SUITE 700 PROVIDENCE RI 02903 990 2010-10-01 010732928 US RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW USRU 4012248430 137 MITCHELLS CHANCE ROAD EDGEWATER MD 21037 ALAN GRIFFIN 4012248430 2012-08-09 1 LYNN O'MARRA ESQUIRE 4014214800 2010 2016-02-24 21:20:13Z MARK G POMAR 137 MITCHELLS CHANCE ROAD EDGEWATER MD 21037 62672290 0 X WWW.USRF.RU X 2002 DE THE MISSION OF USRF IS TO SUPPORT THE LONG-TERM ECONOMIC DEVELOPMENT (CONTINUED ON SCHEDULE O) OF RUSSIA'S MARKET ECONOMY, WORKING IN CLOSE PARTNERSHIP WITH LEADING RUSSIAN INSTITUTIONS. 12 11 3 0 0 0 0 62070000 0 0 204461 602290 0 0 204461 62672290 3222297 3333518 0 0 1384684 1432649 0 0 0 1685633 1674655 6292614 6440822 -6088153 56231468 48082077 100656680 1864852 1443026 46217225 99213654 X THE MISSION OF THE U.S. RUSSIA FOUNDATION (USRF) IS TO PROMOTE THE LONG-TERM DEVELOPMENT OF RUSSIA'S MARKET ECONOMY, WORKING IN CLOSE PARTNERSHIP WITH 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. 0 0 948816 684519 RULE OF LAW: DEVELOPMENT OF PROFESSIONAL TIES BETWEEN RUSSIAN SUPREME ARBITRAGE COURT AND MEMBERS OF THE USRF RULE-OF-LAW ADVISORY COMMITTEE TO TRANSLATE EXPERTISE GAINED BY RUSSIAN JUDGES IN THE AREAS OF COMMERCIAL LAW, ETHICS, AND ACCESS TO JUDICIAL INFORMATION DIRECTLY INTO THE RUSSIAN LEGAL SYSTEM. EFFORTS TO SUPPORT THE INTRODUCTION AND IMPLEMENTATION OF AN INDIVIDUAL BANKRUPTCY LAW AND TO SUPPORT THE RUSSIAN JUDICIAL SYSTEM'S ABILITY TO HANDLE INSOLVENCY. EFFORTS TO SUPPORT THE MODERNIZATION OF THE RUSSIAN LEGAL EDUCATION SYSTEM SO THAT IT CAN PREPARE LAWYERS AND JUDGES TO WORK EFFECTIVELY IN A GLOBAL MARKET ECONOMY. TARGETED GRANTS TO ORGANIZATIONS TO SUPPORT THE ABOVE PURPOSES. 547433 394943 ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP: TARGETED GRANTS TO ORGANIZATIONS TO SUPPORT ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT IN RUSSIA. 2646383 1909220 ENHANCING UNIVERSITY RESEARCH AND ENTREPRENEURIAL CAPACITY ("EURECA"): PROMOTE THE MODERNIZATION, INNOVATION, AND DIVERSIFICATION OF RUSSIA'S ECONOMY BY SUPPORTING RUSSIAN UNIVERSITY TRAINING IN ENTREPRENEURSHIP AND THE COMMERCIALIZATION OF ITS RESEARCH. THROUGH DIRECT SUPPORT AND TARGETED GRANTS, USRF ENHANCES U.S. - RUSSIA TIES WITH EXCHANGES, CURRICULUM DEVELOPMENT, TRAINING, AND UNIVERSITY PARTNERSHIPS BRINGING TOGETHER THE UNIVERSITY COMMUNITY, BUSINESS, AND GOVERNMENT, A COALITION THAT LIES AT THE CORE OF A MODERN INNOVATIVE KNOWLEDGE ECONOMY. 477980 344836 PUBLIC POLICY INITIATIVES 477980 344836 4620612 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 8 0 1 3 1 0 1 RS 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X ALAN GRIFFIN 4102248645 157 MITCHELLS CHANCE ROAD SUITE 140 EDGEWATER MD 21037 X JAMES F COLLINS 9.00 X X 0 0 0 STEVEN L PEASE 10.00 X X 0 0 0 KAREN N HORN 8.00 X X 0 0 0 ANNA BELOVA 4.00 X 0 0 0 THE HONORABLE STEPHEN E BIEGUN 5.00 X 0 0 0 DR SERGEI BORISOV 3.00 X 0 0 0 DR JENNE K BRITELL 6.00 X 0 0 0 FRANK J CAUFIELD 3.00 X 0 0 0 ARTHUR DELVESCO 3.00 X 0 0 0 THE HONORABLE MICHAEL M MIHM 14.00 X 0 0 0 CHARLES E RYAN 5.00 X 0 0 0 NADYA SERYAKOVA 3.00 X 0 0 0 MARK G POMAR 40.00 X X 767930 0 74865 ALAN GRIFFIN 40.00 X 212716 0 70492 LORI JONES 40.00 X 65308 0 20543 ANNA DANILINA 40.00 X 80440 0 0 ROBERT C ODLE JR 2.00 X 0 0 0 1126394 0 165900 2 0 1 0 WEIL GOTSHAL & MANGES LLP 1300 EYE STREET NW SUITE 900 WASHINGTON DC 20005 LEGAL SERVICES 217038 1 62000000 70000 62070000 602290 602290 62672290 602290 0 0 1048972 1048972 2284546 2284546 1111298 470822 640476 249941 116792 133149 2484 2484 68926 29022 39904 66017 66017 101959 101959 70921 70921 205698 83799 121899 96859 43786 53073 22921 10339 12582 352837 196515 156322 620970 334351 286619 5623 5623 7665 1668 5997 32333 32333 72310 72310 FOREIGN CURRENCY TRANSL 18542 18542 6440822 4620612 1820210 0 48663 331974 47720274 33881975 2000000 51913 182346 186435 217553 116738 67004 74792 49734 63993098 48082077 100656680 217603 209018 1647249 1234008 1864852 1443026 X 0 0 0 0 46217225 99213654 46217225 99213654 48082077 100656680 X 56231468 -3235039 X X 0 1 1 X 0 X 1701551 2133412 2419000 62070000 68323963 1701551 2133412 2419000 62070000 68323963 68323963 5544 314149 436391 204461 602290 1562835 69886798 0.97760 0.89280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48804 30756 18048 67934 36248 31686 49734 62672290 6440822 56231468 -3235039 -3235039 52996429 59366330 -3235039 -3235039 62601369 70921 70921 62672290 6369901 0 6369901 70921 70921 6440822 1 RUSSIA/INDEPENDENT STATES 1 8 GRANTS TO RECEIPIENTS LOCATED IN REGION. SEE SCHEDULE F, PART V. 5320929 1 8 0 0 1 8 5320929 0 5320929 RUSSIA PUBLIC SUPPORT 100000 WIRE CASH RUSSIA PUBLIC SUPPORT 98000 WIRE CASH RUSSIA PUBLIC SUPPORT 962248 WIRE CASH RUSSIA PUBLIC SUPPORT 89000 WIRE CASH RUSSIA PUBLIC SUPPORT 99981 WIRE CASH RUSSIA PUBLIC SUPPORT 97306 WIRE CASH RUSSIA PUBLIC SUPPORT 99900 WIRE CASH RUSSIA PUBLIC SUPPORT 64728 WIRE CASH RUSSIA PUBLIC SUPPORT 98803 WIRE CASH RUSSIA PUBLIC SUPPORT 99141 WIRE CASH RUSSIA PUBLIC SUPPORT 98763 WIRE CASH RUSSIA PUBLIC SUPPORT 99600 WIRE CASH RUSSIA PUBLIC SUPPORT 77478 WIRE CASH RUSSIA PUBLIC SUPPORT 48400 WIRE CASH RUSSIA PUBLIC SUPPORT 94836 WIRE CASH RUSSIA PUBLIC SUPPORT 56362 WIRE CASH 16 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, 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 IN THE CASE IT IS LESS THAN $100,000 AND TO THE FULL BOARD IN THE CASE IT IS MORE THAN $100,000. 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. OTHER INFORMATION SCHEDULE F, PART V SCHEDULE F, PART I, LINE 3: THE U.S. RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW ("USRF") MAINTAINS AN OFFICE OUTSIDE THE U.S. LOCATED IN RUSSIA. APPROXIMATELY 8 EMPLOYEES SERVE USRF AND PROVIDE SERVICES THAT ARE EXCLUSIVELY RELATED TO THE ORGANIZATION'S TAX-EXEMPT MISSION. THE NATURE OF THE ORGANIZATION'S ACTIVITIES ARE SUCH THAT CLASSIFYING THE SPECIFIC EXPENDITURES IN THE REGION ARE DIFFICULT. FOR PURPOSES OF COMPLYING WITH SCHEDULE F, PART I, LINE 3, COLUMN (F), USRF IS REPORTING ALL EXPENDITURES, EXCEPT FOR GRANTS TO U.S. ORGANIZATIONS, AS EXPENDITURES FROM A FOREIGN REGION EVEN THOUGH CERTAIN ADMINISTRATIVE FUNCTIONS ARE PERFORMED BACK IN THE UNITED STATES. ALL OF THE FOREIGN ACTIVITIES HAVE BEEN CONDUCTED IN RUSSIA. PROGRAM SERVICES ACTIVITIES INCLUDE: (1) RULE OF LAW, ECONOMIC DEVELOPMENT AND EURECA - TOTAL EXPENDITURES (F) $3,036,383, AND (II) GRANTS TO RECIPIENTS LOCATED IN REGION - TOTAL EXPENDITURES (F) $2,284,546. 1 AMERICAN COUNCILS FOR INTERNATIONAL EDUCATION 1828 L STREET NW SUITE 1200 WASHINGTON DC 20036 521067256 501(C)(3) 798972 CASH PUBLIC SUPPORT THE INTERNATIONAL RESEARCH AND EXCHANGE BOARD (IREX) 2121 K STREET NW SUITE 700 WASHINGTON DC 20037 223087809 501(C)(3) 250000 CASH PUBLIC SUPPORT 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 G POMAR 367711 0 0 0 400219 0 49000 0 25865 0 842795 0 0 0 ALAN GRIFFIN 212716 0 0 0 0 0 49000 0 21492 0 283208 0 0 0 PART I, LINE 1A 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. SUPPLEMENTAL INFORMATION PART III MARK G. POMAR'S COMPENSATION INCLUDES $400,219 IN BENEFITS FOR HIMSELF AND HIS FAMILY TO LIVE IN MOSCOW, RUSSIA. CONTRACTUAL BENEFITS INCLUDE HOUSING, HOME LEAVE, TAX EQUALIZATION, ENGLISH EDUCATION FOR HIS CHILD AND INCOME TAX PREPARATION. IN ADDITION, MR. POMAR RECEIVES LIFE INSURANCE AND DISABILITY INSURANCE BENEFITS. SERGEI BORISOV DIRECTOR 100000 SERGEI BORISOV IS A BOARD MEMBER OF THE U.S. RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND RULE OF LAW ("USRF") WHO LIKEWISE IS PRESIDENT OF OPORA RUSSIA, AN ORGANIZATION THAT RECEIVED FUNDING FROM USRF. FOR THE YEAR ENDED SEPTEMBER 30, 2011, USRF PROVIDED GRANTS OF $100,000 TO OPORA RUSSIA. MR. BORISOV RECUSES HIMSELF FROM CONSIDERATION OF GRANTS TO HIS AFFILIATED ORGANIZATION. 0 ROBERT C ODLE JR OFFICER 217038 ROBERT C. ODLE, JR. IS A LAWYER WITH THE LAW FIRM OF WEIL, GOTSHAL, & MANGES, LLP. THIS LAW FIRM RECEIVED COMPENSATION FOR SERVICES IN THE AMOUNT OF $217,038, AS REPORTED ON FORM 990, PART VII, SECTION B. MR. ODLE IS NOT COMPENSATED FOR HIS SERVICE AS AN OFFICER FOR USRF. MR. ODLE RECUSES 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 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 OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A 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 USRF 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 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 CONFLICT OF INTEREST ANNUALLY, 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 THAT 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 AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, COLUMN B: NAME AND TITLE HOURS DEVOTED TO RELATED ORGANIZATIONS JAMES F. COLLINS 1.00 CO-CHAIRMAN STEVEN L. PEASE 5.00 CO-CHAIRMAN KAREN N. HORN 3.00 VICE CHAIR/TREASURER THE HONORABLE STEPHEN E. BIEGUN 1.00 DIRECTOR DR. SERGEI BORISOV 1.00 DIRECTOR DR. JENNE K. BRITELL 5.00 DIRECTOR FRANK J. CAUFIELD 1.00 DIRECTOR ARTHUR DELVESCO 1.00 DIRECTOR ALAN GRIFFIN 10.00 COO/CFO LORI JONES 10.00 ASST TREASURER/SECRETARY ANNA DANILINA 1.00 ASST TREASURER/SECRETARY ROBERT C. ODLE, JR. 3.00 COUNSEL CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,235,039. AUDIT OVERSIGHT PROCESS 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. THE US RUSSIA INVESTMENT FUND 137 MITCHELLS CHANCE ROAD EDGEWATER MD 21037 133837559 INVESTMENTS DE 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0