RUSFOND USA INC DBA RACF

EIN: 455394603 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$215,374
Total Expenses
$295,951
Total Assets
$63,504
Net Assets
$-273,826
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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
MICHAEL YURIEFF
Phone
2129205746
Tax Period
2023-01-01 to 2023-12-31

RUSFOND USA INC DBA RACF, founded in 2012, is a small nonprofit in the Health Care sector that reported $215K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $296K exceeded revenue, resulting in a 37% operating deficit.

Mission

Russian children with rare, often deadly, diseases have no one to turn to for help. They are endangered. RACF helps make a miracle happen for these children. RACF helps them get the groundbreaking American medical care that will change their lives forever. Rare diseases affect a small percentage of the population making treatment options very limited, especially in Russia. About 30% of children with rare diseases die before the age of five. RACF saves these childrens lives by providing the advanced medical care they need. Children who would be disabled, now function as other typically developing boys and girls. Children facing death now live. Families are forever grateful because their children have new lives through RACFs life changing and lifesaving programs.

Program Service Accomplishments

Program 1
Expenses: $236,229

Upon acceptance of a Russian child (patient) to a US hospital, RACF will help provide for the cost of bringing the child and his or her parent or guardian from Russia to the United States, will meet...

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Upon acceptance of a Russian child (patient) to a US hospital, RACF will help provide for the cost of bringing the child and his or her parent or guardian from Russia to the United States, will meet the child upon entry to the US, will arrange housing in the US as well as transportation to the hospital or treatment facility. In addition, will raise funds to cover the costs of transportation, food, housing, medical evaluation and testing, hospitalization, and other medical services needed to treat the child's rare, possibly deadly, condition.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $208,766
Program Service Revenue $0
Investment Income $-260
Other Revenue $6,868
TOTAL REVENUE $215,374

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,971
Fundraising Expenses $21,445
Program Expenses $236,229
Other Expenses $187,980
TOTAL EXPENSES $295,951

Year-over-Year Comparison

2023 2022 Change
Revenue $215,374 $228,229 -0.1%
Expenses $295,951 $289,682 +0.0%
Net Income $-80,577 $-61,453 +0.3%
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
4
Independent Members
3
Employees
1
Volunteers
7

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
2
$134,996
Total Directors
4
$134,996
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL YURIEFF Pres/Treas/Dir 50.00
Officer Director
$134,996 $0 $134,996
ELENA KUZNETSOVA Sec/Director 5.00
Officer Director
$0 $0 $0
JOHN MARIANO Director 5.00
Director
$0 $0 $0
WILLIAM NOVICK MD Director 3.00
Director
$0 $0 $0
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
2023 $215,374 $295,951 $63,504 $-80,577
2022 $228,229 $289,682 $161,847 $-61,453
2021 $31,987 $131,659 $223,971 $-99,672
2020 $39,131 $81,599 $53,951 $-42,468
2019 $90,062 $176,645 $14,194 $-86,583
2018 $105,371 $301,664 $96,927 $-196,293
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