Civic Intelligence

Rusfond USA Inc.

990 • Fiscal year 2017 • EIN 45-5394603

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

Organization Profilewww.rusfondusa.org
420 Lexington Avenue Ste 300New York, NY 10170

(212) 920-5746

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE E • <$500k nonprofits • Source year 2017

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE E • <$500k nonprofits • Source year 2017

Net Margin

22nd percentile

-18%

Higher net margin than 22% of similar nonprofits.

2017 filings • NTEE E • <$500k nonprofits • Source year 2017

Top Officer Pay

94th percentile

$90,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 48.2% of source-year revenue.

2017 filings • NTEE E • <$500k nonprofits • Source year 2017

Asset Growth

27th percentile

-10%

Faster asset growth than 27% of similar nonprofits.

2017 filings • NTEE E • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

73rd percentile

23%

Faster revenue growth than 73% of similar nonprofits.

2017 filings • NTEE E • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$293,220

Down $32,865 (-10%) from 2016

Net Assets

Down

$293,220

Down $32,865 (-10%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin22nd percentile

Revenue

Up

$186,563

Up $34,716 (+23%) from 2016

Expenses

Down

$219,428

Down $126,566 (-37%) from 2016

Net Income

Up

-$32,865

Up $161,282 (+83%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2012: $34,174Liabilities 2012: $02012Assets 2013: $108,842Liabilities 2013: $33,000Net Assets 2013: $75,8422013Assets 2014: $530,198Liabilities 2014: $15,000Net Assets 2014: $515,1982014Assets 2015: $520,232Liabilities 2015: $0Net Assets 2015: $520,2322015Assets 2016: $326,085Liabilities 2016: $0Net Assets 2016: $326,0852016Assets 2017: $293,220Liabilities 2017: $0Net Assets 2017: $293,2202017Assets 2018: $96,927Liabilities 2018: $0Net Assets 2018: $96,9272018Assets 2019: $14,194Liabilities 2019: $3,850Net Assets 2019: $10,3442019Assets 2020: $53,951Liabilities 2020: $86,075Net Assets 2020: -$32,1242020Assets 2021: $223,971Liabilities 2021: $355,767Net Assets 2021: -$131,7962021Assets 2022: $161,847Liabilities 2022: $355,096Net Assets 2022: -$193,2492022Assets 2023: $63,504Liabilities 2023: $337,330Net Assets 2023: -$273,8262023Assets 2024: $42,514Liabilities 2024: $318,291Net Assets 2024: -$275,7772024

Highlighted filing

2017

Assets$293,220
Liabilities$0
Net Assets$293,220
Open 2017 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2012: $39,334Expenses 2012: $5,160Net Income 2012: $34,1742012Revenue 2013: $133,407Expenses 2013: $91,739Net Income 2013: $41,6682013Revenue 2014: $805,952Expenses 2014: $366,596Net Income 2014: $439,3562014Revenue 2015: $178,253Expenses 2015: $173,219Net Income 2015: $5,0342015Revenue 2016: $151,847Expenses 2016: $345,994Net Income 2016: -$194,1472016Revenue 2017: $186,563Expenses 2017: $219,428Net Income 2017: -$32,8652017Revenue 2018: $105,371Expenses 2018: $301,664Net Income 2018: -$196,2932018Revenue 2019: $90,062Expenses 2019: $176,645Net Income 2019: -$86,5832019Revenue 2020: $39,131Expenses 2020: $81,599Net Income 2020: -$42,4682020Revenue 2021: $31,987Expenses 2021: $131,659Net Income 2021: -$99,6722021Revenue 2022: $228,229Expenses 2022: $289,682Net Income 2022: -$61,4532022Revenue 2023: $215,374Expenses 2023: $295,951Net Income 2023: -$80,5772023Revenue 2024: $195,489Expenses 2024: $197,440Net Income 2024: -$1,9512024

Highlighted filing

2017

Revenue$186,563
Expenses$219,428
Net Income-$32,865
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.2
Gross Receipts
$266,685
Mission and Program Overview

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.

The Russian American Childrens Foundation (RACF), founded in 2012 as Rusfond USA, is a U.S. based childrens charity established to help Russian children with rare, often deadly, diseases before it's too late.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$281,014$163,629▼ $117,385
Cash and Non-Interest-Bearing Accounts$31,473$79,383▲ $47,910
Investments in Publicly Traded Securities-$33,158-
Intangible Assets$7,381$6,695▼ $686
Land, Buildings, and Equipment, Net$3,349$2,009▼ $1,340
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$326,085$293,220▼ $32,865
Other Assets Total$2,868$8,346▲ $5,478
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$326,085$293,220▼ $32,865
Total Net Assets Fund Balance$326,085$293,220▼ $32,865
Total Liabilities and Net Assets / Fund Balance$326,085$293,220▼ $32,865

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,009$1,516$3,525
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael YurieffPres/DirectorFT$90,000$90,000

Board Members and Trustees

NameTitle
Louis FawcettDirector
Elena KuznetsovaSec/Director
Alexander KwartiroffTreas/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$184,746
Program Service Revenue
$0
Investment Income
$-941
Other Revenue
$2,758
All Other Contributions
$184,746
Change in Net Assets
$-32,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$122,514
Salaries, Compensation, and Employee Benefits$96,914
Total Fundraising Expense$15,123
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$63,000$18,000$9,000$90,000
Insurance$19,176$5,478$2,739$27,393
Payroll Taxes$4,841$1,382$691$6,914
Fees for Services Accounting-$6,200-$6,200
Fees for Services Legal-$5,002-$5,002
Fees for Services Other-$4,897-$4,897
Travel-$2,724-$2,724
Depreciation Depletion-$2,026-$2,026
Other Expenses$7,500$2,587$1,923$1,923
All Other Expenses-$872$770$1,642
Occupancy-$1,087-$1,087
Office Expenses-$857-$857
Conferences and Meetings-$700-$700
Total Functional Expenses$152,493$51,812$15,123$219,428
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The completed tax return is reviewed by the President and is discussed with the governing body.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Monitoring and Enforcement of Conflicts are discussed at Board meetings as needed.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Determining compensation requires the approval of the independent Board of Directors which includes a review and performance evaluation and is recorded in the Board Minutes.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Upon request”

Filing and Contact Details

Filer

Filer Name
Rusfond USA Inc
EIN
45-5394603
Phone
2129205746
Address
420 LEXINGTON AVENUE STE 300, NEW YORK, NY 10170

Signing Officer

Name
Michael Yurieff
Title
President
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
1
Volunteers
12

Preparer

Firm
Jaman L Kim CPA PC
Address
455 Sunrise Hwy, West Islip, NY 11795
Preparer
Jaman Kim CPA
Phone
6313218370
Supplemental Narrative

Additional Explanations

Part IV - List of Officers, Directors

“As of 10/31/2017, Alexander Kwartiroff is no longer the treasurer/director.As of 12/15/2017, Louis Fawcett became a director on the board.”

Raw XML Appendix390 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0Russian 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.
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0281014
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0133407
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01453183
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0764
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01786
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IRS990ScheduleA/PublicSupportTotal170Amt01453183
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IRS990ScheduleA/TotalSupportAmt01454969
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt02009
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01516
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03525
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02009
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The completed tax return is reviewed by the President and is discussed with the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Monitoring and Enforcement of Conflicts are discussed at Board meetings as needed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Determining compensation requires the approval of the independent Board of Directors which includes a review and performance evaluation and is recorded in the Board Minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4As of 10/31/2017, Alexander Kwartiroff is no longer the treasurer/director.As of 12/15/2017, Louis Fawcett became a director on the board.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART IV - LIST OF OFFICERS, DIRECTORS
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt0293220
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IRS990/TotalContributionsAmt0184746
IRS990/TotalEmployeeCnt01
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051812
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0152493
IRS990/TotalFunctionalExpensesGrp/TotalAmt0219428
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IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalProgramServiceExpensesAmt0152493
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt090000
IRS990/TotalRevenueGrp/ExclusionAmt03308
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-1491
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0186563
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0326085
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0293220
IRS990/TravelGrp/ManagementAndGeneralAmt02724
IRS990/TravelGrp/TotalAmt02724
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0326085
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0293220
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.rusfondusa.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL YURIEFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RUSFOND USA INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA RACF
ReturnHeader/Filer/BusinessNameControlTxt0RUSF
ReturnHeader/Filer/EIN0455394603
ReturnHeader/Filer/PhoneNum02129205746
ReturnHeader/Filer/USAddress/AddressLine1Txt0420 LEXINGTON AVENUE STE 300
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010170
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113375298
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jaman L Kim CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0455 Sunrise Hwy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Islip
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011795
ReturnHeader/PreparerPersonGrp/PhoneNum06313218370
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jaman Kim CPA
ReturnHeader/ReturnTs02018-11-12T13:36:31-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$293,220
Liabilities
$0
Net assets
$293,220
Revenue
$186,563
Expenses
$219,428
Net income
-$32,865
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.43$3.18$2.76$1.95$1.97$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.64$3.37$2.74$2.15$2.96$0.81
2022Detailed filing. Detailed filing data is available for this year.$1.62$3.55$1.93$2.28$2.90$0.61
2021Detailed filing. Detailed filing data is available for this year.$2.24$3.56$1.32$0.32$1.32$1.00
2020Detailed filing. Detailed filing data is available for this year.$0.54$0.86$0.32$0.39$0.82$0.42
2019Detailed filing. Detailed filing data is available for this year.$0.14$0.04$0.10$0.90$1.77$0.87
2018Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$1.05$3.02$1.96
2017Detailed filing. Detailed filing data is available for this year.$2.93$0.00$2.93$1.87$2.19$0.33
2016Detailed filing. Detailed filing data is available for this year.$3.26$0.00$3.26$1.52$3.46$1.94
2015Detailed filing. Detailed filing data is available for this year.$5.20$0.00$5.20$1.78$1.73$0.05
2014Detailed filing. Detailed filing data is available for this year.$5.30$0.15$5.15$8.06$3.67$4.39
2013Detailed filing. Detailed filing data is available for this year.$1.09$0.33$0.76$1.33$0.92$0.42
2012Summary only. Only limited summary data is available for this year.$0.34$0.00$0.39$0.05$0.34
Peer Organizations

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