2026-05-18T13:30:20-05:00 2025-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2025-01-01 010732928 US RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW USRU 2024957888 500 LENFANT PLAZA SW 1025 WASHINGTON DC 20024 MATTHEW ROJANSKY COO/CFO 2024957888 2026-05-18 1 AARON FOX P01365820 2022274000 2026-05-18 2025 2025-03-06 01:10:19Z MATTHEW ROJANSKY 500 LENFANT PLAZA SW 1025 WASHINGTON DC 20024 53284785 0 X WWW.USRF.US X 2002 DE SEE PART III, LINE 1. 11 11 15 12 0 0 0 0 0 0 6679745 12995803 0 491153 6679745 13486956 9053670 7298002 0 0 1819568 1940562 0 0 0 2058419 2200903 12931657 11439467 -6251912 2047489 191518152 210555113 2260749 2143035 189257403 208412078 X 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. 0 0 3804505 3380301 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. 3036415 2698324 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. 1537376 1219377 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. 8378296 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ALAN GRIFFIN 2024957888 500 LENFANT PLAZA SW 1025 WASHINGTON DC 20024 THE HONORABLE JOHN R BEYRLE CHAIRMAN 18.00 X X 0 0 0 KAREN N HORN VICE CHAIR/TREASURER 8.00 X X 0 0 0 THE HONORABLE STEPHEN BIEGUN DIRECTOR 8.00 X 0 0 0 DR JENNE K BRITELL DIRECTOR 6.00 X 0 0 0 THE HONORABLE JAMES F COLLINS DIRECTOR 5.00 X 0 0 0 SUSAN EISENHOWER DIRECTOR 3.00 X 0 0 0 THOMAS FIRESTONE DIRECTOR 3.00 X 0 0 0 R CRAIG KENNEDY DIRECTOR 3.00 X 0 0 0 THE HONORABLE MICHAEL M MIHM DIRECTOR 4.00 X 0 0 0 STEVEN L PEASE DIRECTOR (UNTIL 10/25) 3.00 X 0 0 0 GREGORY RIGDON DIRECTOR 6.00 X 0 0 0 CHARLES E RYAN DIRECTOR 8.00 X 0 0 0 MATTHEW ROJANSKY CHIEF EXECUTIVE OFFICER 40.00 X 403573 0 107752 ALAN GRIFFIN COO/CFO 40.00 X 300726 0 92390 LORI JONES ASST. TREASURER/SECRETARY 40.00 X 123936 0 46997 MARIA LVOVA SENIOR PROGRAM OFFICER 40.00 X 116568 0 64353 JEMILE KELDERMAN DIRECTOR OF OPERATIONS 40.00 X 116036 0 50320 1060839 0 361812 5 0 1 0 JP MORGAN CHASE & CO 270 PARK AVENUE NEW YORK NY 10017 INVESTMENT MANAGEMENT 1156061 IGOR ZEVELEV 301 M STREET SW WASHINGTON DC 20024 PROGRAM MANAGEMENT 119564 2 2442240 2442240 50351392 39797829 10553563 10553563 10553563 OTHER REVENUE 900099 491153 491153 491153 13486956 0 0 13486956 2951802 2951802 4346200 4346200 1102184 156175 946009 516782 381312 135470 91757 68428 23329 134267 108653 25614 95572 40729 54843 43452 43452 59732 59732 1156061 1156061 143936 135622 8314 22642 12770 9872 26761 15110 11651 228341 128929 99412 413996 30256 383740 8544 8544 4090 2310 1780 93348 93348 11439467 8378296 3061171 0 182473 174549 2771468 3720209 26689 18219 84729 82489 23452 14248 13293 9204 94767220 101851590 91915304 103105007 1756976 1593846 191518152 210555113 159514 176439 50000 71072 2051235 1895524 2260749 2143035 X 189257403 208412078 189257403 208412078 191518152 210555113 X 2047489 17091989 15197 X 0 1 X 1 0 23452 14248 9204 9204 PRIVATE EQUITY FUNDS 50868815 C HEDGE FUNDS 52236192 C 103105007 LEASE LIABILITY - OPERATING 1895524 1895524 X 29422884 17091989 17091989 12330895 1156061 1156061 13486956 10268209 0 10268209 1156061 15197 1171258 11439467 PART X, LINE 2: THE ORGANIZATION EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2025, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECOVERIES OF PRIOR YEAR GRANTS 15,197. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING SEE SCHEDULE F, PART V 3826284 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING SEE SCHEDULE F, PART V 519916 0 0 0 0 0 0 4346200 0 4346200 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 349160 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 250000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 230000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 206975 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 200000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 165000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 156669 WIRE 0 RUSSIA AND NEIGHBORING STATES PROGRAM ACTIVITIES 150000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 150000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 147000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 140020 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 120000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 119290 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 113530 WIRE 0 RUSSIA AND NEIGHBORING STATES PROGRAM ACTIVITIES 100340 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 100000 WIRE 0 RUSSIA AND NEIGHBORING STATES PROGRAM ACTIVITIES 100000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 100000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 100000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 98257 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 90000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 84734 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 76000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 70000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 63203 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 55315 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 53000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 51630 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 50000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 46130 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 45000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 44000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 40840 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 40000 WIRE 0 RUSSIA AND NEIGHBORING STATES PROGRAM ACTIVITIES 39750 WIRE 0 RUSSIA AND NEIGHBORING STATES PROGRAM ACTIVITIES 38524 WIRE 0 RUSSIA AND NEIGHBORING STATES PROGRAM ACTIVITIES 36565 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 36253 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 35000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 34000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 34000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 31190 WIRE 0 RUSSIA AND NEIGHBORING STATES PROGRAM ACTIVITIES 31000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 30915 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 29101 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 27000 WIRE 0 RUSSIA AND NEIGHBORING STATES PROGRAM ACTIVITIES 15000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM ACTIVITIES 10000 WIRE 0 RUSSIA AND NEIGHBORING STATES PROGRAM ACTIVITIES 8737 WIRE 0 40 9 0 0 0 0 0 0 PART I, LINE 2: USRF UNDERTAKES A RIGOROUS REVIEW PROCESS FOR ALL GRANTS MADE TO ORGANIZATIONS OUTSIDE THE UNITED STATES. ANY ORGANIZATION SEEKING FUNDING FROM USRF IS REQUIRED TO COMPLETE A GRANT OR FUNDING APPLICATION THAT IS REVIEWED BY A MEMBER OF THE SENIOR STAFF WHO THEN DETERMINES IF IT ADDRESSED THE CHARITABLE MISSIONS SUPPORTED BY USRF. IF A GRANT APPLICATION IS DETERMINED TO BE WORTHY OF SUPPORT, MANAGEMENT WILL RECOMMENDED IT FOR APPROVAL TO THE GRANTS COMMITTEE. THOSE GRANTS APPROVED BY THE GRANTS COMMITTEE ARE RECOMMENDED FOR APPROVAL TO THE FULL BOARD. ONCE A GRANT REQUEST IS APPROVED, A STANDARD AGREEMENT IS SIGNED BETWEEN USRF AND THE GRANTEE. THE STANDARD AGREEMENT MAKES CLEAR THE RESPONSIBILITIES OF ALL PARTIES. IT OBLIGATES THE GRANTEE TO USE THE GRANT FUNDS ONLY FOR THE PURPOSES FOR WHICH THE GRANT IS MADE, PROVIDES FOR PERIODIC WRITTEN REPORTS AS WELL AS AN ACCOUNTING OF HOW GRANT FUNDS WERE USED, AND ACKNOWLEDGES USRF'S AUTHORITY TO WITHHOLD OR RECOVER GRANT FUNDS IN CASES WHERE SUCH FUNDS ARE NOT USED ACCORDINGLY. TO ENSURE THAT THE FOREIGN ORGANIZATIONS RECEIVING FUNDS ARE USING THE FUNDS IN FURTHERANCE OF USRF'S EXEMPT MISSION, USRF WILL MAKE SITE VISITS, PARTICIPATE IN GRANTEE EVENTS, REVIEW RELEVANT REPORTS, AND MEET WITH GRANTEE IN PERSON. USRF PROVIDES OVERSIGHT TO EACH GRANTEE: 1. A PROGRAM OFFICER IS ASSIGNED TO EACH GRANTEE, 2. THERE IS EXTENSIVE INTERACTION WITH EACH GRANTEE ON THE DEVELOPMENT OF ITS PROPOSAL TO ENSURE THAT GRANT FUNDS WILL ONLY BE USED FOR PURPOSES AGREED UPON, 3. CONTRACTS ARE SIGNED THAT OUTLINE HOW THE GRANT FUNDS WILL BE USED, 4. PERIODIC REPORTS ARE REQUIRED TO ENSURE THAT MILESTONES ARE REACHED, AND 5. A FINAL REPORT, INCLUDING AN ACCOUNTING OF THE USE OF THE FUNDS, IS REQUIRED. PART I, LINE 3: USRF REPORTED THE EXPENDITURES BASED ON THE ACCOUNTING METHOD USED IN ITS AUDITED FINANCIAL STATEMENTS WHICH IS ON AN ACCRUAL BASIS. PART II, LINE 1 ACCOUNTING METHOD: USRF REPORTED THE EXPENDITURES BASED ON THE ACCOUNTING METHOD USED IN ITS AUDITED FINANCIAL STATEMENTS WHICH IS ON AN ACCRUAL BASIS. 1 FOUNDATION FOR DEMOCRATIC DEVELOPMENT 1629 K STREET NW SUITE 300 WASHINGTON DC 20006 834583490 501(C)(3) 275000 0 PUBLIC SUPPORT AMERICAN COUNCILS FOR INTERNATIONAL EDUCATION 1828 L STREET NW SUITE 1200 WASHINGTON DC 20036 521067256 501(C)(3) 195000 0 PUBLIC SUPPORT POLAR BEAR VIDEO VENTURES INC 541 JEFFERSON AVE SUITE 100 REDWOOD CITY CA 94063 831307045 N/A 180986 0 PUBLIC SUPPORT YALE UNIVERSITY 2 SCIENCE PARK 150 MUNSON ST NEW HAVEN CT 06511 060646973 501(C)(3) 165000 0 PUBLIC SUPPORT FREE RUSSIA FOUNDATION 1015 15 STREET NW SUITE 600 WASHINGTON DC 20005 472437810 501(C)(3) 150000 0 PUBLIC SUPPORT BARD COLLEGE 30 CAMPUS ROAD ANNANDALEONHUDSON NY 12504 141713034 501(C)(3) 137300 0 PUBLIC SUPPORT STANFORD UNIVERSITY ENCINA HALL 616 JANE STANFORD WAY STANFORD CA 94080 941156365 501(C)(3) 134000 0 PUBLIC SUPPORT SCHOOL OF MOLECULAR AND THEORETICAL BIOLOGY INC 1296 BABCOCK CT BRENTWOOD CA 94513 384003221 501(C)(3) 130750 0 PUBLIC SUPPORT RUSSIAN AMERICAN SCIENCE ASSOCIATION 7016 TURKEY FARM ROAD CHAPEL HILL NC 27514 270973044 501(C)(3) 125000 0 PUBLIC SUPPORT UNIVERSITY OF MAINE SCHOOL OF LAW FOUNDATION 246 DEERING AVENUE PORTLAND ME 04102 010544448 501(C)(3) 120000 0 PUBLIC SUPPORT NEW YORK UNIVERSITY 665 BROADWAY SUITE 801 NEW YORK NY 10012 135562308 501(C)(3) 120000 0 PUBLIC SUPPORT CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE 1779 MASSACHUSETTS AVENUE NW WASHINGTON DC 20036 130552040 501(C)(3) 100000 0 PUBLIC SUPPORT HARVARD COLLEGE MASSACHUSETTS HALL CAMBRIDGE MA 02138 042103580 501(C)(3) 96000 0 PUBLIC SUPPORT GEORGE WASHINGTON UNIVERSITY 2121 I ST NW WASHINGTON DC 20052 530196584 501(C)(3) 96000 0 PUBLIC SUPPORT WAYUSA INC 2483 CONEY ISLAND AVENUE BROOKLYN NY 11223 830960984 N/A 75000 0 PUBLIC SUPPORT CENTER FOR EUROPEAN POLICY ANALYSIS 1275 PENNSYLVANIA AVENUE NW SUITE 400 WASHINGTON DC 20004 208247530 501(C)(3) 74500 0 PUBLIC SUPPORT UARZAZAT MEDIA INC 874 CALIFORNIA AVE PALO ALTO CA 94306 871805987 N/A 66600 0 PUBLIC SUPPORT WILD SALMON CENTER 721 NW 9TH AVENUE SUITE 300 PORTLAND OR 97209 943166095 501(C)(3) 65000 0 PUBLIC SUPPORT AMERICAN ASSOCIATION OF TEACHERS OF SLAVIC AND EAST EUROPEAN LANGUAGES 3501 TROUSDALE PARKWAY THH 255L UNIVERSITY OF SOUTHERN CALIFORNIA LOS ANGELES CA 90089 046130037 501(C)(3) 63754 0 PUBLIC SUPPORT EURASIA FOUNDATION 1990 K STREET NW SUITE 615 WASHINGTON DC 20006 521780162 501(C)(3) 62308 0 PUBLIC SUPPORT ASSOCIATION FOR SLAVIC EAST EUROPEAN AND EURASIAN STUDIES 203C BELLEFIELD HALL UNIVERSITY OF PITTSBURGH PITTSBURGH PA 15260 310785029 501(C)(3) 60000 0 PUBLIC SUPPORT UTAH VALLEY UNIVERSITY 800 WEST UNIVERSITY PARKWAY OREM UT 84058 870280648 501(C)(3) 55000 0 PUBLIC SUPPORT OHIO STATE UNIVERSITY 1960 KENNY ROAD COLUMBUS OH 43210 316025986 GOVT 54276 0 PUBLIC SUPPORT THE KENNAN INSTITUTE 1300 PENNSYLVANIA AVE NW WASHINGTON DC 20004 521067541 501(C)(3) 50000 0 PUBLIC SUPPORT FREEDOM HOUSE INC 1850 M ST 11TH FLOOR WASHINGTON DC 20036 131656647 501(C)(3) 50000 0 PUBLIC SUPPORT INTERNATIONAL DOCUMENTARY ASSOCIATION 3600 WILSHIRE BLVD SUITE 1810 LOS ANGELES CA 90010 953911227 501(C)(3) 50000 0 PUBLIC SUPPORT NEW TIMES FOUNDATION USA 182 INDIA ST APT 3L BROOKLYN MA 02163 932563777 501(C)(3) 41730 0 PUBLIC SUPPORT PILNET 199 WATER STREET NEW YORK NY 10038 205087783 501(C)(3) 40000 0 PUBLIC SUPPORT INTERNATIONAL INDIGENOUS FUND FOR DEVELOPMENT AND SOLIDARITY BATANI 30 RED WAGON RD YARMOUTH ME 04096 831179364 501(C)(3) 37000 0 PUBLIC SUPPORT SUPPORTERS OF CIVIL SOCIETY IN RUSSIA INC 3734 ARSENAL STREET ST LOUIS MO 63116 412040138 501(C)(3) 36926 0 PUBLIC SUPPORT RUSSIAN AMERICA FOR DEMOCRACY IN RUSSIA INC 6218 GEORGIA AVENUE NW SUITE 1 PMB 3078 WASHINGTON DC 20011 873558467 501(C)(3) 35000 0 PUBLIC SUPPORT CERGE-EI FOUNDATION 110 JABEZ STREET 1004 NEWARK NJ 07105 251725738 501(C)(3) 9672 0 PUBLIC SUPPORT 28 4 PART I, LINE 2: USRF EMPLOYS THE SAME CRITERIA TO MONITOR GRANTS MADE WITHIN THE UNITED STATES AS IT DOES FOR GRANTS MADE OUTSIDE THE UNITED STATES. PLEASE REFER TO SCHEDULE F, PART V, FOR A DETAILED DESCRIPTION OF THE ORGANIZATION'S GRANT MONITORING PROCESS. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MATTHEW ROJANSKY CHIEF EXECUTIVE OFFICER 400465 0 0 0 3108 0 66497 0 41255 0 511325 0 0 0 ALAN GRIFFIN COO/CFO 296278 0 0 0 4448 0 60146 0 32244 0 393116 0 0 0 MARIA LVOVA SENIOR PROGRAM OFFICER 108005 0 7500 0 1063 0 21542 0 42811 0 180921 0 0 0 LORI JONES ASST. TREASURER/SECRETARY 118407 0 5000 0 529 0 24787 0 22210 0 170933 0 0 0 JEMILE KELDERMAN DIRECTOR OF OPERATIONS 107840 0 7500 0 696 0 23207 0 27113 0 166356 0 0 0 PART I, LINE 1A CEO AND DIRECTORS CAN FLY FIRST CLASS DOMESTICALLY. HEALTH CLUB BENEFITS ARE PROVIDED TO OFFICERS UP TO $3,000 PER YEAR. FORM 990, PART VI, SECTION A, LINE 4 EDITS WERE MADE TO THE BYLAWS TO BETTER ALIGN DOCUMENT WITH HOW WE ARE OPERATING WITHOUT USAID MANDATES. FORM 990, PART VI, SECTION A, LINE 6 DELAWARE NON-STOCK CORPORATIONS HAVE MEMBERS PURSUANT TO SECTION 102(A)(4) OF THE DELAWARE GENERAL CORPORATION LAW. THE MEMBERS ELECT THE DIRECTORS AND HAVE CERTAIN RIGHTS OF APPROVAL AS MEMBERS AS PROVIDED BY DELAWARE LAW. THE ORGANIZATION'S CERTIFICATE OF INCORPORATION PROVIDES THAT THE MEMBERS OF THE CORPORATION SHALL BE THE U.S. DIRECTORS. FURTHERMORE, IF AT ANY TIME AND FOR ANY REASON ANY MEMBER SHALL CEASE TO BE A U.S. DIRECTOR, SUCH PERSON SHALL SIMULTANEOUSLY CEASE TO BE A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A SEE EXPLANATION FOR PART VI, SECTION A, LINE 6. FORM 990, PART VI, SECTION A, LINE 7B SEE EXPLANATION FOR PART VI, SECTION A, LINE 6. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FEDERAL FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED IN DETAIL WITH THE ORGANIZATION PRIOR TO FILING. CHIEF FINANCIAL OFFICER, ALAN GRIFFIN, COORDINATES WITH THE INDEPENDENT ACCOUNTING FIRM TO PROVIDE AN ACCURATE AND REPRESENTATIVE FORM 990. A COPY OF THE DRAFT FEDERAL FORM 990 IS PROVIDED TO EACH DIRECTOR OF THE U.S. RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND RULE OF LAW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO PROMPTLY DISCLOSE ALL MATERIAL FACTS RELATING TO ANY ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST. IN ADDITION, EACH PERSON MUST COMPLETE A QUESTIONNAIRE CONCERNING CONFLICTS OF INTEREST ANNUALLY, AND UPON ANY CHANGE OF CIRCUMSTANCE, WHICH SHALL BE REVIEWED BY THE NOMINATION AND GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 USRF UNDERTAKES A RIGOROUS PROCESS TO ENSURE THAT THE COMPENSATION IT PAYS TO ITS OFFICERS IS REASONABLE. THIS PROCESS INCLUDES THE REVIEW OF THE FORM 990 AND EMPLOYMENT CONTRACTS OF OTHER ORGANIZATIONS ALONG WITH CONDUCTING A COMPENSATION STUDY. THE BOARD OF DIRECTORS HAS ESTABLISHED A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT PERSONS WHO HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION ARRANGEMENT. THE USRF COMPENSATION COMMITTEE MUST APPROVE THE COMPENSATION, WITHOUT INPUT OR VOTING PARTICIPATION BY THE PERSON WHOSE COMPENSATION IS BEING APPROVED OR BY ANY OTHER INDIVIDUAL WITH A CONFLICT OF INTEREST. THE FINAL DETERMINATION IS THEN DOCUMENTED IN COMMITTEE MINUTES. THOSE MINUTES WILL CONTAIN THE TERMS OF THE PROPOSED COMPENSATION AND DECISIONS OF THOSE INDIVIDUALS WHO VOTED ON THE COMPENSATION. USRF LAST CONDUCTED ITS COMPENSATION STUDY IN AUGUST 2025. FORM 990, PART VI, SECTION C, LINE 19 USRF MAKES ITS FORM 990 AND FORM 1023 AVAILABLE TO THE PUBLIC BY RETAINING A COPY OF EACH AT THE ADDRESS LISTED ON PAGE 1 OF THIS RETURN. ANY INDIVIDUAL REQUESTING A COPY OF THESE DOCUMENTS IS PROVIDED THAT COPY. THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GRANTS RETURNED OR WRITTEN OFF 15,197.