UKRAINE GLOBAL SCHOLARS FOUNDATION

EIN: 810847939 501(c)(3) Education

Boston, MA

Total Revenue
$454,091
Total Expenses
$441,379
Total Assets
$306,696
Net Assets
$306,696
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
DE
Principal Officer
YULIIA LEMESH
Phone
6172301213
Tax Period
2024-01-01 to 2024-12-31

UKRAINE GLOBAL SCHOLARS FOUNDATION, founded in 2015, is a small nonprofit in the Education sector that reported $454K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

UGS assists bright Ukrainian high school students from modest backgrounds in getting a world-class education abroad, in exchange for their commitment to returning to Ukraine and working there for at least five years. UGS aims to develop a new generation of Ukrainian leaders capable of creating a victorious and prosperous future in Ukraine today. Through mentorship, education, career guidance, and empowerment for Ukrainian youth, UGS seeks to scale its impact and generate a powerful ripple effect.

Program Service Accomplishments

Program 1
Expenses: $229,070 Revenue: $0

Student Applications and Admissions: covers boot camp expenses, the Last Mile Fund - which includes insurance, visa fees, transportation, and other relocation expenses - as well as all...

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Student Applications and Admissions: covers boot camp expenses, the Last Mile Fund - which includes insurance, visa fees, transportation, and other relocation expenses - as well as all admissions-related expenses such as SAT, CSS, SSS, and additional fees UGS supports on behalf of its students. UGS 2023 cohort - which included both boarding school seniors and reapplicants - achieved an overall acceptance rate of 69% in 2024. 55 out of 78 students received college acceptance decisions (21 on early decision in December 2023), or a 71% acceptance rate; and 28 out of 43 students got accepted to boarding schools, or a 65% acceptance rate. The colleges include Harvard, Yale, Princeton, Georgetown University, Minerva University, Columbia University, etc. The boarding schools include St. Paul's School, Deerfield Academy, Taft School, Hotchkiss School, 'Iolani School, Westminster School, etc.

Program 2
Expenses: $83,429 Revenue: $0

Repatriation Program: includes summer internships and first-job placements in Ukraine, along with the Social Impact Internship Fund, which provides stipends and covers related expenses for students...

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Repatriation Program: includes summer internships and first-job placements in Ukraine, along with the Social Impact Internship Fund, which provides stipends and covers related expenses for students participating in unpaid internships. UGS has expanded the UGS Internship Program, which has been in place since 2017, into the UGS Repatriation program to help its students find summer internships in Ukraine and support their return to Ukraine after graduation. Over 50 students completed 60+ internships with 33 employers in 2024. These included for-profit companies like Civitta and Farmak, DIXI, EntroPi Ai, and Support Your App; nonprofits such as Ukrainer, Razom, Teach for Ukraine, and Superhumans Rehabilitation Center; and state institutions, including the Ministry of Digital Transformation of Ukraine, Verkhovna Rada, and Lviv City Council. To further strengthen the program and amplify its impact, UGS successfully piloted the UGS Social-Impact Internship Fund (SIIF), which provided financial assistance for unpaid or low-paying internships at high-impact organizations in Ukraine. The program helped students gain valuable professional experience, build local networks before graduation, and reconnect with their families. In 2024, five UGS students received monthly stipends through SIIF (up to $500/month for up to three months) and additional funding for travel expenses to and from Ukraine in 2024. This year's grantees interned at the Verkhovna Rada, Lviv City Council, Superhumans Rehabilitation Center, Nizhyn Youth Center, and Ukrainer.

Program 3
Expenses: $37,878 Revenue: $0

Cultural and Auxiliary Support: includes mental health programs, host family arrangements, and participation in cultural and educational events in the US, UK, and Ukraine. This includes student...

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Cultural and Auxiliary Support: includes mental health programs, host family arrangements, and participation in cultural and educational events in the US, UK, and Ukraine. This includes student transportation and accommodations-related expenses to host families and events. In 2024, 25 host families welcomed 38 students during holiday breaks, including Easter, Thanksgiving, and winter holidays. In May, ten students from the 2023 Cohort visited Biopharma, a leading biological R&D center in Bila Tserkva, Ukraine, where they explored biochemistry research and career opportunities. On June 21, UGS hosted its Annual Summer Event at MacPaw Space in Kyiv, bringing together over 100 participants - including finalists, alumni, mentors, and partners. In July, UGS alumni organized a Kyiv reunion to share study-abroad experiences and foster mentorship. In September, UGS students met with UGS advisers to discuss Ukraine's socio-political situation and career opportunities for returning students. In partnership with Ukrzaliznytsia, UGS participated in the Zalizna Zmina (Iron Squad) youth education project, where 13 finalists toured Western Ukraine, met with civic leaders, and veterans. In the U.S., UGS co-organized the art exhibition and the UGS Annual Event at Harvard Innovation Labs in Boston, which gathered around 120 participants and featured speakers from the Embassy of Ukraine, Harvard University, and the UGS Board.

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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 (2024)

Revenue Breakdown

Contributions & Grants $453,941
Program Service Revenue $0
Investment Income $150
Other Revenue $0
TOTAL REVENUE $454,091

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,373
Fundraising Expenses $53,345
Program Expenses $350,377
Other Expenses $314,006
TOTAL EXPENSES $441,379

Year-over-Year Comparison

2024 2023 Change
Revenue $454,091 $415,169 +0.1%
Expenses $441,379 $349,459 +0.3%
Net Income $12,712 $65,710 -0.8%
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
5
Independent Members
4
Employees
2
Volunteers
200

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
4
$68,269
Total Directors
4
$0
Key Employees
3
$68,269
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Yuliia Lemesh Officer President 40
Officer Key Emp
$68,269 $0 $68,269
Yuliya Sychikova Chair, Board Member 2
Director
$0 $0 $0
Pavlo Kononenko Board Member 1
Director
$0 $0 $0
Mykhaylo Lemesh Board Member 2
Director
$0 $0 $0
Marianna Elizabeth Tretiak Board Member 2
Director
$0 $0 $0
Yuliia Lemesh Board Member 1
Officer Key Emp
$0 $0 $0
Yullia Lemesh Officer Secretary 3
Officer Key Emp
$0 $0 $0
Paul Wojcik Officer Treasurer 3
Officer
$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
2024 $454,091 $441,379 $306,696 $12,712
2023 $415,169 $349,459 $293,984 $65,710
2022 $296,453 $181,690 $228,274 $114,763
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