CHILDREN OF HEROES OF UKRAINE FOUNDATION

EIN: 882709953 501(c)(3) International Affairs

DENVER, CO

Total Revenue
$4,382,792
Total Expenses
$3,920,011
Total Assets
$855,299
Net Assets
$832,186
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
TETIANA NOVYTSKA
Phone
3025920792
Tax Period
2023-01-01 to 2023-12-31

CHILDREN OF HEROES OF UKRAINE FOUNDATION, founded in 2022, is a community nonprofit in the International Affairs sector that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 697% from the prior year, signaling strong growth momentum. Expenses of $3.9M left a modest 11% surplus.

Mission

TO CARRY OUT CHARITABLE ACTIVITIES IN THE INTERESTS OF SOCIETY AND CERTAIN CATEGORIES OF PERSONS, TO PROVIDE CHARITABLE ASSISTANCE AND SOCIAL SUPPORT TO CHILDREN AND THEIR FAMILIES, INCLUDING CHILDREN LEFT WITHOUT PARENTS DURING THE RUSSIAN MILITARY AGGRESSION AGAINST UKRAINE. THE FUND IS FOCUSED ON LONG-TERM ACTIVITIES UNTIL CHILDREN REACH ADULTHOOD.

Program Service Accomplishments

Program 1
Expenses: $3,040,770 Revenue: $0

CHILDREN OF HEROES WAS FOUNDED TO HELP THE COUNTLESS NUMBER OF UKRAINIAN CHILDREN WHO HAVE SUFFERED THE ULTIMATE TRAGEDY: THE LOSS OF A PARENT, OR PARENTS, DURING THE ONGOING WAR. THE FUND PROVIDES...

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CHILDREN OF HEROES WAS FOUNDED TO HELP THE COUNTLESS NUMBER OF UKRAINIAN CHILDREN WHO HAVE SUFFERED THE ULTIMATE TRAGEDY: THE LOSS OF A PARENT, OR PARENTS, DURING THE ONGOING WAR. THE FUND PROVIDES THE CHILDREN AND THEIR FAMILIES WITH COMPREHENSIVE ASSISTANCE, LED BY OUR TEAM OF FAMILY HELPERS. OUR ASSISTANCE PROGRAMS ARE FUNDED BY OUR PARTNERS AND DONORS.WE BELIEVE THE CHILDREN OF HEROES, THOSE WHO HAVE FOUGHT BRAVELY FOR A FREE AND PROSPEROUS UKRAINE, ARE ALSO HEROES THEMSELVES AND DESERVE CARE AND ONGOING SUPPORT TO HELP THEM ACHIEVE A BRIGHTER FUTURE.ALL OF OUR INITIATIVES ARE DEDICATED TO IMPROVING THE WELL-BEING OF CHILDREN WHO HAVE SUFFERED FROM THE EFFECTS OF THE WAR AND YOUR GIFT DIRECTLY HELPS EACH CHILD SUPPORTED BY THE FUND UNTIL HE OR SHE REACHES ADULTHOOD. HOUSING - A TARGETED PROJECT TO REBUILD HOUSING FOR CHILDREN WHO LOST THEIR PARENTS AND HOMES DUE TO HOSTILITIES AND COMBAT. THIS PROGRAM PRIORITIZES BUILDINGS THAT NEED TO BE REPAIRED AND RAPIDLY RESTORED. YOUR SUPPORT WILL REDUCE THE ENORMOUS FINANCIAL BURDEN ON THE FAMILIES AND CAREGIVERS AND PSYCHOLOGICALLY SUPPORT THE CHILDREN AS THEY WILL BE ABLE TO RETURN TO THEIR HOMES, WHICH WILL BE RESTORED TO THEIR PRE-WAR STATE. IN ADDITION, IT WILL HELP WITH SOCIALIZATION EFFORTS AS THE CHILDREN WILL RETURN TO THEIR ROOTS AND COMMUNITIES.EDUCATION - HUNDREDS OF CHILDREN UNDER THE CARE OF THE FOUNDATION HAVE ALREADY JOINED OUR EDUCATIONAL PROGRAMS. THEY ATTEND ENGLISH COURSES, PRESCHOOL TRAINING AND PROFESSIONAL AND CREATIVE CLUBS. IN ADDITION TO THE COURSES, CHILDREN RECEIVE THE NECESSARY TECHNICAL MEANS: LAPTOPS, TABLETS, STATIONERY, BACKPACKS, SPORTSWEAR, ETC. TO RECEIVE AN EDUCATION. THEY SUCCESSFULLY CONTINUE THEIR PRIMARY SCHOOL EDUCATION IN ONLINE AND OFFLINE FORMATS. LEARNING IS INTEGRAL TO SUSTAINABLE PSYCHOLOGICAL DEVELOPMENT, A HAPPY CHILDHOOD AND SELF-CONFIDENCE. MANY CHILDREN HAVE BEEN EVACUATED TO OTHER COUNTRIES, SO THEIR KNOWLEDGE OF ENGLISH AFFECTS HELPS THEM ADAPT TO THEIR NEW SURROUNDINGS AND COMMUNICATE WITH THEIR NEW PEERS AND COMMUNITIES.HEALTH - THOUSANDS OF UKRAINIAN CHILDREN HAVE SUFFERED PSYCHOLOGICAL AND PHYSIOLOGICAL TRAUMA DUE TO THE WAR. FOR THOSE WHO HAVE SURVIVED, THEY MAY NEVER FULLY HEAL. THROUGH THE IMPLEMENTATION OF THIS PROJECT, THE FOUNDATION CAN PROVIDE CHILDREN WITH IMMEDIATE PSYCHOLOGICAL REHABILITATION TO HELP DEVELOP COPING STRATEGIES AFTER LOSING THEIR LOVED ONES. IN ADDITION, THE CHILDREN IN OUR CARE RECEIVE MEDICAL SUPPORT, THAT SPECIFICALLY TAKES THEIR MEDICAL NEEDS INTO CONSIDERATION, UNTIL THEY REACH ADULTHOOD.BASIC NEEDS - THIS PROGRAM PROVIDES THE CHILDREN UNDER OUR CARE WITH THE MANY EVERYDAY NECESSITIES THEY WILL NEED: BABY FOOD, WARM AND SEASONALLY-APPROPRIATE CLOTHING AND SHOES, DIAPERS, STROLLERS AND MORE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,382,792
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,382,792

Expense Breakdown

Grants Paid $3,038,777
Salaries & Benefits $251,537
Fundraising Expenses $613,726
Program Expenses $3,040,770
Other Expenses $629,697
TOTAL EXPENSES $3,920,011

Year-over-Year Comparison

2023 2022 Change
Revenue $4,382,792 $550,217 +7.0%
Expenses $3,920,011 $151,906 +24.8%
Net Income $462,781 $398,311 +0.2%
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
11
Independent Members
11
Employees
4
Volunteers
16

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
$114,993
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANILO YAKUB PRESIDENT 10.00
Officer Director
$0 $0 $0
IGOR PETROV SECRETARY & TREASURER 3.00
Officer Director
$0 $0 $0
MARK IWASHKO CHAIRMAN 2.00
Officer Director
$0 $0 $0
DANIYIL PASKO DIRECTOR 2.00
Director
$0 $0 $0
ROMAN DUBCZAK DIRECTOR 2.00
Director
$0 $0 $0
ALAN EPSTEIN DIRECTOR 2.00
Director
$0 $0 $0
BORYS GUDZIAK DIRECTOR 2.00
Director
$0 $0 $0
ROBERTA BRZEZINSKI DIRECTOR 2.00
Director
$0 $0 $0
MADELEINE SCHACHTER DIRECTOR 2.00
Director
$0 $0 $0
KATHY NALYWAJKO DIRECTOR 2.00
Director
$0 $0 $0
NATALIE DERZKO DIRECTOR 2.00
Director
$0 $0 $0
MARCUS BRICE ESPINO CEO (THRU OCTOBER) 40.00
Officer
$68,083 $0 $68,083
TETIANA NOVYTSKA CEO (FROM OCTOBER) 40.00
Officer
$46,910 $0 $46,910
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 No data No data No data No data
2023 $4,382,792 $3,920,011 $855,299 $462,781
2022 $550,217 $151,906 $478,619 $398,311
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