US RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW

EIN: 010732928 International Affairs

WASHINGTON, DC

Total Revenue
$6,679,745
Total Expenses
$12,931,657
Total Assets
$191,518,152
Net Assets
$189,257,403
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
DE
Principal Officer
MATTHEW ROJANSKY
Phone
2024957888
Tax Period
2024-01-01 to 2024-12-31

US RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW, founded in 2002, is a community nonprofit in the International Affairs sector that reported $6.7M in total revenue in fiscal year 2024. Revenue surged 314% from the prior year, signaling strong growth momentum. Expenses of $12.9M exceeded revenue, resulting in a 94% operating deficit.

Mission

THE U.S. RUSSIA FOUNDATION (USRF) WAS FOUNDED IN 2008 AS A LEGACY ORGANIZATION OF THE U.S. RUSSIA INVESTMENT FUND (TUSRIF), WHOSE MISSION WAS TO SUPPORT THE INDEPENDENT PRIVATE SECTOR AS A BULWARK OF DEMOCRACY IN RUSSIA. TODAY, USRF SUPPORTS THE LONG-TERM FUTURE OF A MARKET-BASED DEMOCRATIC SYSTEM IN RUSSIA BY MAKING GRANTS IN THREE MAIN AREAS: MEDIA & FREE ENTERPRISE, RULE OF LAW, AND CIVIL SOCIETY & EXPERTISE.

Program Service Accomplishments

Program 1
Expenses: $4,078,314

MEDIA & FREE ENTERPRISE (MFE): SUPPORT FOR INDEPENDENT RUSSIAN MEDIA IN EFFORTS TO REACH AUDIENCES INSIDE AND OUTSIDE OF RUSSIA, DEVELOP IT INFRASTRUCTURE AND INNOVATIVE TECHNOLOGICAL APPROACHES, AND...

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MEDIA & FREE ENTERPRISE (MFE): SUPPORT FOR INDEPENDENT RUSSIAN MEDIA IN EFFORTS TO REACH AUDIENCES INSIDE AND OUTSIDE OF RUSSIA, DEVELOP IT INFRASTRUCTURE AND INNOVATIVE TECHNOLOGICAL APPROACHES, AND ESTABLISH SUSTAINABLE BUSINESS MODELS. SUPPORT FOR PRO-DEMOCRACY RUSSIAN EXILE COMMUNITIES THROUGH TRAINING IN LEGAL, REGULATORY, ECONOMIC, AND BUSINESS PRACTICES THAT STRENGTHEN FREE ENTERPRISE AND PRIVATE ENTREPRENEURSHIP.

Program 2
Expenses: $3,752,815

CIVIL SOCIETY & EXPERTISE (CSE): SUPPORT FOR PRO-DEMOCRACY RUSSIAN CIVIL SOCIETY GROUPS AND NETWORKS INSIDE AND OUTSIDE RUSSIA, INCLUDING OPPORTUNITIES FOR TRAINING AND CAPACITY BUILDING. SUPPORT FOR...

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CIVIL SOCIETY & EXPERTISE (CSE): SUPPORT FOR PRO-DEMOCRACY RUSSIAN CIVIL SOCIETY GROUPS AND NETWORKS INSIDE AND OUTSIDE RUSSIA, INCLUDING OPPORTUNITIES FOR TRAINING AND CAPACITY BUILDING. SUPPORT FOR TEACHING AND PROFESSIONAL DEVELOPMENT AIMED AT INCREASING EXPERTISE ON RUSSIA IN THE UNITED STATES.

Program 3
Expenses: $2,272,149

RULE OF LAW: SUPPORT FOR OUTREACH, EDUCATION, AND TRAINING IN INTERNATIONAL AND DOMESTIC LAW, EXPERTISE AND BEST PRACTICES THAT BUILD THE CAPACITY OF RUSSIANS TO DEVELOP AND SUSTAIN LAWS...

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RULE OF LAW: SUPPORT FOR OUTREACH, EDUCATION, AND TRAINING IN INTERNATIONAL AND DOMESTIC LAW, EXPERTISE AND BEST PRACTICES THAT BUILD THE CAPACITY OF RUSSIANS TO DEVELOP AND SUSTAIN LAWS, INSTITUTIONS, AND JURISPRUDENCE THAT PROTECT CITIZENS' RIGHTS AND THAT WILL ENABLE GOOD GOVERNANCE AT THE LOCAL, REGIONAL, AND NATIONAL LEVELS. USRF IS COMMITTED TO PROTECTING THE VULNERABLE AND ADVANCING PRO-DEMOCRACY INSTITUTIONS IN RUSSIA AS WELL AS CAPACITY BUILDING FOR RUSSIAN ATTORNEYS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $6,679,745
Other Revenue $0
TOTAL REVENUE $6,679,745

Expense Breakdown

Grants Paid $9,053,670
Salaries & Benefits $1,819,568
Fundraising Expenses $0
Program Expenses $10,103,278
Other Expenses $2,058,419
TOTAL EXPENSES $12,931,657

Year-over-Year Comparison

2024 2023 Change
Revenue $6,679,745 $1,615,017 +3.1%
Expenses $12,931,657 $147,153,481 -0.9%
Net Income $-6,251,912 $-145,538,464 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
15
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,012,310
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN R BEYRLE CHAIRMAN 18.00
Officer Director
$0 $0 $0
KAREN N HORN VICE CHAIR/TREASURER 8.00
Officer Director
$0 $0 $0
STEPHEN BIEGUN DIRECTOR 8.00
Director
$0 $0 $0
DR JENNE K BRITELL DIRECTOR 6.00
Director
$0 $0 $0
THE HONORABLE JAMES F COLLINS DIRECTOR 5.00
Director
$0 $0 $0
SUSAN EISENHOWER DIRECTOR 3.00
Director
$0 $0 $0
THOMAS FIRESTONE DIRECTOR 3.00
Director
$0 $0 $0
R CRAIG KENNEDY DIRECTOR 3.00
Director
$0 $0 $0
THE HONORABLE MICHAEL M MIHM DIRECTOR 4.00
Director
$0 $0 $0
STEVEN L PEASE DIRECTOR 3.00
Director
$0 $0 $0
GREGORY RIGDON DIRECTOR 6.00
Director
$0 $0 $0
CHARLES E RYAN DIRECTOR 8.00
Director
$0 $0 $0
MATTHEW ROJANSKY CHIEF EXECUTIVE OFFICER 40.00
Officer
$362,515 $111,356 $473,871
ALAN GRIFFIN COO/CFO 40.00
Officer
$290,098 $92,450 $382,548
LORI JONES ASST. TREASURER/SECRETARY 40.00
Officer
$119,695 $36,196 $155,891
MARIA LVOVA SENIOR PROGRAM OFFICER 40.00
Highest
$110,196 $59,315 $169,511
RUSLAN GARIPOV PROGRAM OFFICER 40.00
Highest
$104,055 $50,888 $154,943
GENNADY PODOLNY SENIOR GRANTS MANAGER 40.00
Highest
$114,443 $37,959 $152,402
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $6,679,745 $12,931,657 $191,518,152 $-6,251,912
2023 $1,615,017 $147,153,481 $184,744,809 $-145,538,464
2022 $8,625,146 $10,710,430 $314,073,937 $-2,085,284
2021 $10,918,102 $8,100,937 $338,533,234 $2,817,165
2020 $8,377,448 $7,955,900 $316,911,891 $421,548
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