PSI KYIV INC

EIN: 844574620 501(c)(3) Education
Total Revenue
$3,470,110
Total Expenses
$4,422,568
Total Assets
$13,166,865
Net Assets
$10,456,859
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
TRAE HOLLAND
Phone
0504464776
Tax Period
2024-08-01 to 2025-07-31

PSI KYIV INC, founded in 2020, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 333% from the prior year, signaling strong growth momentum. Expenses of $4.4M exceeded revenue, resulting in a 27% operating deficit.

Mission

PSI IS A CO-EDUCATIONAL SCHOOL IN UKRAINE THAT SERVES ABOUT 150 STUDENTS, AGED 3 TO 18 YEARS AND WHOSE FAMILIES ORIGINATE FROM MORE THAN 15 DIFFERENT COUNTRIES.

Program Service Accomplishments

Program 1
Expenses: $2,726,228 Revenue: $3,295,710

PSI IS A CO-EDUCATIONAL SCHOOL IN UKRAINE THAT SERVES ABOUT 150 STUDENTS, AGED 3 TO 18 YEARS AND WHOSE FAMILIES ORIGINATE FROM MORE THAN 15 DIFFERENT COUNTRIES. THE MAJORITY OF THE SCHOOLS' PARENTS...

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PSI IS A CO-EDUCATIONAL SCHOOL IN UKRAINE THAT SERVES ABOUT 150 STUDENTS, AGED 3 TO 18 YEARS AND WHOSE FAMILIES ORIGINATE FROM MORE THAN 15 DIFFERENT COUNTRIES. THE MAJORITY OF THE SCHOOLS' PARENTS ARE EXPATRIATES LIVING IN UKRAINE AND SERVING IN DIPLOMATIC, GOVERNMENT, AND BUSINESS ROLES IN THE COMMUNITY. NOTABLY, A NUMBER OF THE PARENTS ARE EMPLOYED BY THE U.S. DEPARTMENT OF STATE AND WORK AT THE U.S. EMBASSY IN KYIV, UKRAINE. FOR THIS REASON, THE SCHOOL IS SUPPORTED BY THE U.S. DEPARTMENT OF STATE OFFICE OF OVERSEAS SCHOOLS, AN ADMINISTRATIVE DIVISION THAT HELPS PROVIDE QUALITY EDUCATION TO CHILDREN OF U.S. CITIZENS WORKING FOR THE U.S. GOVERNMENT ABROAD. PSI PROVIDES A RENOWNED INTERNATIONAL CURRICULUM TAUGHT IN AN ENGLISH LANGUAGE ENVIRONMENT. IT IS THE ONLY SCHOOL IN UKRAINE CREDENTIALED TO TEACH THE INTERNATIONAL BACCALAUREATE (IB) PROGRAMS A SET OF PROGRAMS THAT ARE DESIGNED FOR INTERNATIONAL FAMILIES AND ARE BASED ON WORLDWIDE BEST PRACTICES IN TEACHING AN AND LEARNING. STUDENTS WHO GRADUATE FROM HIGH SCHOOL WITH THE PRESTIGIOUS IB DIPLOMA CAN APPLY TO UNIVERSITIES AROUND THE WORLD. PSI IS ALSO THE ONLY SCHOOL IN UKRAINE THAT HOLDS DUAL ACCREDITATION FROM THE COUNCIL OF INTERNATIONAL SCHOOLS (CIS) IN EUROPE AND THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES (NEASC) IN THE U.S. THAT MEANS THAT THE SCHOOLS PHILOSOPHY, GOVERNANCE, CURRICULUM, RESOURCES, STAFFING, AND OPERATIONS MEET RIGOROUS STANDARDS SET BY THESE INTERNATIONALLY RECOGNIZED AGENCIES. PSI IS ALSO A MEMBER OF THE EUROPEAN COUNCIL OF INTERNATIONAL SCHOOL (ECIS) AND THE CENTRAL AND EASTERN EUROPEAN SCHOOLS ASSOCIATION (CEESA). THESE AFFILIATES PROVIDE PSI STUDENTS WITH THE OPPORTUNITY TO PARTICIPATE IN INTERNATIONAL SPORTING, CULTURE, AND ACADEMIC EVENTS WITHIN THE EUROPEAN INTERNATIONAL SCHOOLS NETWORK AND PROVIDE PSI STAFF WITH PROFESSIONAL TRAINING BY RECOGNIZED INTERNATIONAL TEACHING CONSULTANTS AND ORGANIZATIONS.

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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 $0
Program Service Revenue $3,244,768
Investment Income $174,400
Other Revenue $50,942
TOTAL REVENUE $3,470,110

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,813,628
Fundraising Expenses $84,973
Program Expenses $2,726,228
Other Expenses $1,608,940
TOTAL EXPENSES $4,422,568

Year-over-Year Comparison

2024 2023 Change
Revenue $3,470,110 $800,604 +3.3%
Expenses $4,422,568 $8,290,286 -0.5%
Net Income $-952,458 $-7,489,682 -0.9%
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
N/A
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
$233,624
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRAE HOLLAND CEO 40.00
Officer
$166,400 $25,195 $191,595
REM RUSANOV CFO 40.00
Officer
$41,315 $714 $42,029
PETER ERBEN BOARD CHAIRPERSON 5.00
Officer Director
$0 $0 $0
TETIANA KARLOVA BOARD VICE CHAIRPERSON 0.50
Officer Director
$0 $0 $0
ANDRIY DYSHUK BOARD SECRETARY 0.50
Officer Director
$0 $0 $0
JULIA TUPCHIY STRATEGY & GOVERNANCE SUBCOMM CHAIR 0.50
Director
$0 $0 $0
NATALIYA FIALA BOARD DIRECTOR 1.00
Director
$0 $0 $0
ROBERT MCNEIL BOARD DIRECTOR 1.00
Director
$0 $0 $0
FLORIS SCHURING BOARD DIRECTOR 1.00
Director
$0 $0 $0
LINA NEMCHENKO BOARD DIRECTOR 0.50
Director
$0 $0 $0
VITALII VOITOVYCH BOARD DIRECTOR 0.50
Director
$0 $0 $0
OLEG KACHAN BOARD DIRECTOR 0.50
Director
$0 $0 $0
NADIYA VERSHYGORA BOARD DIRECTOR 0.50
Director
$0 $0 $0
BRYAN REYNOLDS BOARD DIRECTOR 0.50
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
2025 $3,470,110 $4,422,568 $13,166,865 $-952,458
2024 $800,604 $8,290,286 $7,237,073 $-7,489,682
2023 $1,055,362 $3,287,979 $14,628,116 $-2,232,617
2022 $12,001,996 $11,699,001 $17,498,960 $302,995
2021 $31,480,143 $12,033,376 $24,999,568 $19,446,767
2020 $1,828 $10,587 $4,266,728 $-8,759