2011-03-16T11:07:58-05:00 2010-09-30 DELOITTE TAX LLP TWO WORLD FINANCIAL CENTER NEW YORK NY 10281 990 2009-10-01 010732928 US Russia Foundation for Economic Advancement and the Rule of Law USRU 4102248430 137 Mitchells Chance Road Edgewater MD 21037 Alan Griffin 2011-03-14 true Steven Lapsker 2124362000 2009 2016-02-24 21:20:13Z Mark G Pomar 137 Mitchells Chance Rd 140 Edgewater MD 21037 204461 false X www.usrf.ru X 2002 DE The mission of USRF is to support the long-term economic development of Russia's market economy, working in close partnership with the Russian government and leading Russian institutions. 12 12 3 0 0 0 2419000 0 32215 0 436391 204461 0 0 2887606 204461 450468 3222297 0 0 2174170 1384684 0 0 0 2196948 1685633 4821586 6292614 -1933980 -6088153 52887453 48082077 275478 1864852 52611975 46217225 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 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. true true 1995702 1268417 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 as 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 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. 1237833 1005774 Economic Development and Entrepreneurship: Targeted grants to organizations to support entrepreneurship and economic development in Russia. 1254977 948106 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. 4488512 true false false false false false false false false true true false false true true true false false false false false true false true false false false false false false false true false false false false false true false false false true 4 0 true 3 true false true RS false false false false false false false 12 12 false false false false true true true true true false false true true true true true true true true false X ALAN GRIFFIN 4102248645 137 MITCHELLS CHANCE ROAD SUITE 14 EDGEWATER MD 21037 The Honorable James F Collins 9.0 X 0 0 0 Steven L Pease 10.0 X 0 0 0 Karen N Horn 8.0 X X 0 0 0 The Honorable Stephen E Biegun 3.0 X 0 0 0 dr Jenne K Britell 6.0 X 0 0 0 Frank J Caufield 6.0 X 0 0 0 Arthur DelVesco 3.0 X 0 0 0 David Hathaway 16.0 X 0 0 0 The Honorable Michael M Mihm 18.0 X 0 0 0 Charles E Ryan 3.0 X 0 0 0 Sergei Borisov 3.0 X 0 0 0 Nadya Seryakova 3.0 X 0 0 0 Mark G Pomar 40.0 X 675268 0 71314 Alan Griffin 40.0 X 215730 0 68174 Lori Jones 40.0 X 66612 0 24540 Anna Danilina 40.0 X 43307 0 0 robert c odle jr 3.0 X 0 0 0 1000917 0 164028 2 false true false Weil Gotshal Manges LLP 1300 Eye Street NW Suite 900 WASHINGTON DC 20005 Legal Services 217038 1 0 0 204461 204461 0 0 0 0 0 0 0 204461 204461 1102395 1102395 0 2119902 2119902 0 1132669 481800 650869 0 189129 90214 98915 0 3722 1861 1861 59164 26683 32481 0 226378 226378 109690 109690 0 0 103542 103542 204359 143818 60541 0 83067 31097 51970 33406 14340 19066 0 270032 150979 119053 490493 312408 178085 22519 22519 31413 13015 18398 0 0 27469 27469 80022 80022 CURRENCY TRANSLATION ADJ. 3243 3243 0 6292614 4488512 1804102 0 22527 48663 52348299 47720274 86420 51913 314509 186435 114712 39920 115698 74792 52887453 48082077 275478 217603 1647249 275478 1864852 X 52611975 46217225 52611975 46217225 52887453 48082077 X false true true X false X 1821582 1701551 2133412 2419000 0 8075545 1821582 1701551 2133412 2419000 0 8075545 8075545 9396 5544 314149 436391 204461 969941 9045486 190852 0.89277 0.92656 X 5248 1657 3591 41530 16848 24682 67934 21415 46519 74792 204461 6292614 -6088153 -15892 -15892 -6104045 85027 -15892 -15892 100919 103542 103542 204461 6189071 6189071 103542 1 103543 6292614 Schedule D, Part XIII, Line 4b Rounding $ 1 true Russia and the Newly Independent States 1 8 See Sched F Part IV 5190219 1 8 5190219 Russia Public Support 100000 WIRE Cash Russia Public Support 95000 WIRE Cash Russia Public Support 164800 WIRE Cash Russia Public Support 96000 WIRE Cash Russia Public Support 100840 WIRE Cash Russia Public Support 99919 WIRE cash Russia Public Support 149909 WIRE Cash Russia Public Support 93200 WIRE Cash Russia Public Support 90000 WIRE Cash Russia Public Support 401592 WIRE Cash Russia Public Support 50000 WIRE Cash Russia Public Support 99840 WIRE Cash Russia Public Support 94430 WIRE Cash Russia Public Support 95000 WIRE Cash Russia Public Support 55000 WIRE Cash Russia Public Support 98850 WIRE Cash Russia Public Support 99184 WIRE Cash Russia Public Support 36353 WIRE Cash Russia public support 99985 wire cash 19 0 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 addresses the charitable missions supported by USRF. If a Foundation grant application is determined to be worthy of support, it is 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 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. Grant Manager will make site visit 6. A final report, including an accounting of the use of the funds, is required. Schedule F, Part I, Line 3 The U.S. Russia Foundation for Economic Advancement and the Rule of Law ("USRF") maintains an offices outside the United States 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 foreign 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 US organizations, as expenditures from a foreign region even though certain administrative functions are performed back in the United States. Schedule F, Part I, line 3 3. Activities per Region (a) Region - All of the foreign activities have been conducted in Russia. (b) Number of offices in the Region - 1 (c) Number of employees or agents in region - 8 (d)/(e) Activities conducted in region and specific services conducted Two activities are conducted: (i) Program Services - Rule of Law, Economic Development, EURECA. Total Expenditure (f) - $3,070,317. (ii) Grants to Recipients located in Region. Total Expenditure (f) - $2,119,902. true Financial Services Volunteer Corporation 800 Third Avenue 11th Floor New York NY 10022 133568629 501(c)(3) 100000 Cash Public Support American-Russian Cultural Cooperation Foundation 1050 17th street NW Washington DC 20036 521806862 501(c)(3) 250000 Cash Public support International Law Students Association 25 E Jackson BlvdSuite OMB1051 Chicago IL 60604 521903945 501(c)(3) 58283 Cash Public support American Councils for International Education 1828 L street NW Suite 1200 Washington DC 20036 521067256 501(c)(3) 525109 Cash Public support National Council for Eurasian & East Euro Research University of Washington Box 353650 Seattle WA 98195 521121063 501(c)(3) 21405 Cash Public support Paul Klebnikov Fund An activity of the Train Foundation 505 Park Avenue 20th Floor New York NY 10022 133391238 501(c)(3) 34000 Cash Public support University of North Carolina Chapel Hill 104 Airport Dr Ste 3200 Cb Chapel Hill NC 275140309 591711424 501(c)(3) 50000 Cash Public support University of Pittsburgh 300 Campus Drive Bradford PA 16701 251399653 501(c)(3) 63598 Cash Public support 8 0 Schedule I, Part 1, 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 IV, for a detailed description of the organization's grant monitoring process. X X X X true true X X X X X false false false false false false false false false Mark G Pomar 341756 0 0 0 333512 0 49000 0 22314 0 746582 0 0 0 Alan Griffin 200000 0 10000 0 5730 0 49000 0 19174 0 283904 0 0 0 Schedule J, Part 1, Line 1a In 1990, the US Congress, Department of State and the USAID adopted a policy that non-executive directors of enterprise funds were authorized to fly first class when travelling 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. Schedule J, Part II Mark G. Pomar's compensation includes $333,512 in benefits for himself and his family to live in Moscow, Russia. According to the 2010 Mercer survey of 214 cities around the world, Moscow ranks as the 4th most expensive city in the world. 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 See Schedule O false Anna Belova Director See Schedule O false Nadya Seryakova Director See Schedule O false Robert C Odle Jr officer see schedule o false Form 990, Part VI, Line 11A The Form 990 was prepared by Deloitte Tax, LLP and reviewed in detail with USRF prior to filing. Chief Financial Officer, Alan Griffin, coordinated with Deloitte to provide an accurate and representative Form 990. A copy of the Form 990 was provided to each director of the US Russia Foundation for Economic Advancement and Rule of Law prior to its filing with the Internal Revenue Service (in either an electronic or paper format). The Form 990 was reviewed by the USRF Audit Committee. Form 990, Part VI, 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 conflicts of interest annually, which shall be reviewed by the audit committee. Form 990, Part VI, Line 15 A & B US 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 the decisions of those individuals who voted on the compensation. Form 990, Part VI, Line 19 The taxpayer 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 III, Line 3 New Program Services The U.S. Russia Foundation for Economic Advancement and the Rule of Law ("USRF") formerly had a wholly owned subsidiary, Center for Entrepreneurship (CFE). CFE has become a separate tax-exempt entity as of 10/1/2009. CFE's financial information can now be found in a separate Form 990. USRF is reporting this change as part of their full disclosure and for comparison purposes. Schedule L, Part IV Sergei Borisov is an acting Board Member of the U.S. Russia Foundation and the Rule of Law ("USRF") who likewise sits on the Board of Directors of Opora, an organization that received funding from USRF. For the year ended September 30, 2010, USRF provided grants of $95,000 to Opora. Mr. Borisov is not compensated for serving on either Board of Directors. Anna Belova is an acting Board Member of the U.S. Russia Foundation and the Rule of Law ("USRF") who likewise is affiliated with The Committee of 20, an organization that received funding from USRF. For the year ended September 30, 2010, USRF provided grants of $100,840 to The Committee of 20. Ms. Belova is not compensated for serving on either Board of Directors. NADYA SERYAKOVA IS AN ACTING BOARD MEMBER OF THE U.S. RUSSIA FOUNDATION AND THE RULE OF LAW ("USRF") WHO LIKEWISE IS AFFILIATED WITH THE NEW PERSPECTIVES FOUNDATION, AN ORGANIZATION THAT RECEIVED FUNDING FROM USRF. FOR THE YEAR ENDED SEPTEMBER 30, 2010, USRF PROVIDED GRANTS OF $99,184 TO THE NEW PERSPECTIVES FOUNDATION. MS. SERYAKOVA IS NOT COMPENSATED FOR SERVING ON EITHER BOARD OF DIRECTORS. Each of the above mentioned board members recuses themselves from consideration of all grants to their affiliated organizations. 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 to USRF. Mr. odle recuses himself from matters concerning the selection of and compensation of the law firm retained by USRF. Form, 990, Part III, line 2 The organization has undertaken a significant program service this year which was not listed on the Prior year form 990. This new program service is enhancing university research and entrepreneurial capacity ("eureca") and is further described in Form 990, Part III, line 4c. Form 990, Part VII, Section A, line 1a The officers Mark G. Pomar, Alan Griffin and Lori Jones are compensated by USRF via W-2. The compensation information reported on the USRF 09/30/2010 Form 990 represents compensation disclosed on the 2009 form w-2. Anna Danilina assumed her officer role in 2009 and was a foreign employee. She did not receive a W-2. Form 990, Part VI, lines 7a and b 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... 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." 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