Form990


Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
A For the 2023 calendar year, or tax year beginning 01-01-2023 , and ending 12-31-2023
BCheck if applicable:
CName of organization
US RUSSIA FOUNDATION FOR ECONOMIC
ADVANCEMENT AND THE RULE OF LAW
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
500 LENFANT PLAZA SW 1025
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20024
D Employer identification number

01-0732928
E Telephone number

G Gross receipts $ 50,383,264
F Name and address of principal officer:
MATTHEW ROJANSKY
500 LENFANT PLAZA SW 1025
WASHINGTON,DC20024
I
Tax-exempt status: ( 4 ) (insert no.) or
J
Website:
WWW.USRF.US
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number  
K Form of organization:  
L Year of formation: 2002
M State of legal domicile: DE
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: SEE PART III, LINE 1.
2 Check this box
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 13
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 12
5 Total number of individuals employed in calendar year 2023 (Part V, line 2a) ...... 5 14
6 Total number of volunteers (estimate if necessary) ............. 6 13
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 0 0
9 Program service revenue (Part VIII, line 2g) ......... 0 0
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 8,620,494 1,580,067
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 4,652 34,950
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 8,625,146 1,615,017
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 5,769,471 143,197,582
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 1,807,379 1,716,647
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) 0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 3,133,580 2,239,252
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 10,710,430 147,153,481
19 Revenue less expenses. Subtract line 18 from line 12....... -2,085,284 -145,538,464
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 314,073,937 184,744,809
21 Total liabilities (Part X, line 26)............. 1,075,985 2,416,863
22 Net assets or fund balances. Subtract line 21 from line 20..... 312,997,952 182,327,946
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
Signature of officer Date
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name

Firm's EIN
Firm's address



Phone no.
May the IRS discuss this return with the preparer shown above? See Instructions. ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2023)
Form 990 (2023)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: 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.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 133,236,209 including grants of $ 133,236,209 ) (Revenue $   )
GRANT TO WNISEF TO SUPPORT RESILIENCE AND RECOVERY IN UKRAINE AND MOLDOVA IN THE WAKE OF THE KREMLIN'S ONGOING ILLEGAL AND UNPROVOKED AGGRESSION, VIA THE WESTERN NEW INDEPENDENT STATES ENTERPRISE FUND, AS AGREED WITH THE UNITED STATES GOVERNMENT IN GRANT MODIFICATION 16.
4b (Code:   ) (Expenses $ 4,732,556 including grants of $ 4,335,055 ) (Revenue $   )
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.
4c (Code:   ) (Expenses $ 3,213,274 including grants of $ 2,943,382 ) (Revenue $   )
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.
(Code:   ) (Expenses $ 3,057,466 including grants of $ 2,682,936 ) (Revenue $   )
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.
4d Other program services (Describe in Schedule O.)
(Expenses $ 3,057,466 including grants of $ 2,682,936 ) (Revenue $   )
4e Total program service expenses144,239,505
Form 990 (2023)
Form 990 (2023)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A.....................
1
 
No
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. ...
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II.........
4
 
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part III..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment
List of Attached Documents:
// Content
.........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment
List of Attached Documents:
// Content
....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment
List of Attached Documents:
// Content
..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment
List of Attached Documents:
// Content
.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment
List of Attached Documents:
// Content
............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment
List of Attached Documents:
// Content
......................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
List of Attached Documents:
// Content
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
List of Attached Documents:
// Content
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
List of Attached Documents:
// Content
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2023)
Form 990 (2023)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
List of Attached Documents:
// Content
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
List of Attached Documents:
// Content
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part III.........................
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....
28b
 
No
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part IClick to see attachment
List of Attached Documents:
// Content
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................Click to see attachment
List of Attached Documents:
// Content
32
Yes
 
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............Click to see attachment
List of Attached Documents:
// Content
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
List of Attached Documents:
// Content
34
 
No
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
List of Attached Documents:
// Content
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
12
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2023)
Form 990 (2023)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
14
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
 
No
b
If "Yes," enter the name of the foreign country:
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
 
No
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
No
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2023)
Form 990 (2023)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
13
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
12
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filed
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
ALAN GRIFFIN500 LENFANT PLAZA SW STE 1025   WASHINGTON,DC20024 (202) 495-7888
Form 990 (2023)
Form 990 (2023)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) MATTHEW ROJANSKY......................................................................
CHIEF EXECUTIVE OFFICER
 40.00
.................
  		X   X       363,133 0 104,031
(2) JOHN R BEYRLE......................................................................
CHAIRMAN
 18.00
.................
  		X   X       0 0 0
(3) KAREN N HORN......................................................................
VICE CHAIR/TREASURER
 8.00
.................
  		X   X       0 0 0
(4) STEPHEN BIEGUN......................................................................
DIRECTOR
 8.00
.................
  		X           0 0 0
(5) DR JENNE K BRITELL......................................................................
DIRECTOR
 6.00
.................
  		X           0 0 0
(6) THE HONORABLE JAMES F COLLINS......................................................................
DIRECTOR
 5.00
.................
  		X           0 0 0
(7) SUSAN EISENHOWER......................................................................
DIRECTOR
 3.00
.................
  		X           0 0 0
(8) THOMAS FIRESTONE......................................................................
DIRECTOR
 3.00
.................
  		X           0 0 0
(9) R CRAIG KENNEDY......................................................................
DIRECTOR
 3.00
.................
  		X           0 0 0
(10) THE HONORABLE MICHAEL M MIHM......................................................................
DIRECTOR
 4.00
.................
  		X           0 0 0
(11) STEVEN L PEASE......................................................................
DIRECTOR
 3.00
.................
  		X           0 0 0
(12) GREGORY RIGDON......................................................................
DIRECTOR
 6.00
.................
  		X           0 0 0
(13) CHARLES E RYAN......................................................................
DIRECTOR
 8.00
.................
  		X           0 0 0
(14) ALAN GRIFFIN......................................................................
COO/CFO
 40.00
.................
  		    X       281,448 0 87,004
(15) LORI JONES......................................................................
ASST. TREASURER/SECRETARY
 40.00
.................
  		    X       111,119 0 23,871
(16) GENNADY PODOLNY......................................................................
SENIOR GRANTS MANAGER
 40.00
.................
  		        X   106,201 0 34,794


Form 990 (2023)
Form 990 (2023)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;


























1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 861,901 0 249,700
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 4
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0
Form 990 (2023)
Form 990 (2023)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and similar amounts not included above1f  
g Noncash contributions included in lines 1a - 1f:$ 1g  
h Total. Add lines 1a-1f.......  
Program Service RevenueAmt Business Code
2a
b
c
d
e
f All other program service revenue.        
g Total. Add lines 2a–2f .....  
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 2,202,141     2,202,141
4 Income from investment of tax-exempt bond proceeds        
5 Royalties...........        
(i) Real (ii) Personal
6a Gross rents 6a    
b Less: rental expenses 6b    
c Rental income or (loss) 6c    
d Net rental income or (loss).......        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a 48,146,173  
b Less: cost or other basis and sales expenses 7b 48,768,247  
c Gain or (loss) 7c -622,074  
d Net gain or (loss)......... -622,074     -622,074
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
8a  
b Less: direct expenses ... 8b  
c Net income or (loss) from fundraising events..      
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..        
10a Gross sales of inventory, less
returns and allowances ..
10a  
b Less: cost of goods sold .. 10b  
c Net income or (loss) from sales of inventory..        
OtherRevenueMiscAmt
Business Code
11a OTHER 900099 34,950     34,950
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... 34,950
12 Total revenue. See instructions..... 1,615,017 0 0 1,615,017
Form 990 (2023)
Form 990 (2023)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising
expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 138,049,537 138,049,537
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ...........    
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. ............. 5,148,045 5,148,045
4 Benefits paid to or for members .......    
5 Compensation of current officers, directors, trustees, and key employees ........... 971,769 142,880 828,889  
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........        
7 Other salaries and wages........ 470,627 360,968 109,659  
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 87,868 67,619 20,249  
9 Other employee benefits ....... 106,429 93,676 12,753  
10 Payroll taxes ........... 79,954 35,896 44,058  
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 50,692   50,692  
c Accounting ........... 60,706   60,706  
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 1,177,606   1,177,606  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 138,328 122,088 16,240  
12 Advertising and promotion ....        
13 Office expenses ....... 34,423 20,408 14,015  
14 Information technology ...... 55,802 33,083 22,719  
15 Royalties ..        
16 Occupancy ........... 237,297 140,683 96,614  
17 Travel ............ 369,153 6,195 362,958  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 9,817   9,817  
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 7,319 4,339 2,980  
23 Insurance ... 83,160   83,160  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a MISCELLANEOUS 14,324 14,088 236  
b TAXES, LICENSES & FEES 625   625  
c
d
e All other expenses        
25 Total functional expenses. Add lines 1 through 24e 147,153,481 144,239,505 2,913,976 0
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).        
Form 990 (2023)
Form 990 (2023)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 139,388 1 122,183
2 Savings and temporary cash investments ......... 15,693,098 2 15,719,805
3 Pledges and grants receivable, net ......   3  
4 Accounts receivable, net ............. 46,203 4  
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
  6  
7 Notes and loans receivable, net ...........   7  
8 Inventories for sale or use ............   8  
9 Prepaid expenses and deferred charges ...... 44,896 9 44,720
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 23,452
b Less: accumulated depreciation 10b 6,068 4,251 10c 17,384
11 Investments—publicly traded securities . 210,594,032 11 79,152,843
12 Investments—other securities. See Part IV, line 11 ..... 87,500,885 12 87,783,178
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 51,184 15 1,904,696
16 Total assets. Add lines 1 through 15 (must equal line 33)... 314,073,937 16 184,744,809
Liabilities 17 Accounts payable and accrued expenses ..... 301,014 17 165,955
18 Grants payable ... 774,971 18 216,191
19 Deferred revenue .........   19  
20 Tax-exempt bond liabilities .........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
  22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ..   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 0 25 2,034,717
26 Total liabilities. Add lines 17 through 25.. 1,075,985 26 2,416,863
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 160,497,952 27 182,327,946
28 Net assets with donor restrictions ........... 152,500,000 28 0
Organizations that do not follow FASB ASC 958, check here right arrow and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds   31  
32 Total net assets or fund balances ........... 312,997,952 32 182,327,946
33 Total liabilities and net assets/fund balances ........ 314,073,937 33 184,744,809
Form 990 (2023)
Form 990 (2023)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
1,615,017
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
147,153,481
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-145,538,464
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
312,997,952
5
Net unrealized gains (losses) on investments ...............
5
14,781,113
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
87,345
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
182,327,946
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2023)
Form 990 (2023)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
Name of the organization
US RUSSIA FOUNDATION FOR ECONOMIC
ADVANCEMENT AND THE RULE OF LAW
Employer identification number

01-0732928
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow  
4
Number of states where property subject to conservation easement is located right arrow  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................right arrow $  
(ii)
Assets included in Form 990, Part X ...............................right arrow $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
Assets included in Form 990, Part X ...............................right arrow $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2022

Schedule D (Form 990) 2022
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance ....          
b Contributions ...          
c Net investment earnings, gains, and losses          
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow  
b
Permanent endowment right arrow  
c
Term endowment right arrow  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
 
 
(ii) Related organizations .................
3a(ii)
 
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....      
b Buildings ....        
c Leasehold improvements        
d Equipment ....        
e Other .....   23,452 6,068 17,384
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 17,384
Schedule D (Form 990) 2022

Schedule D (Form 990) 2022
Page 3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3) Other
(A) PRIVATE EQUITY FUNDS		 44,567,104 C

(B) HEDGE FUNDS		 43,216,074 C
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)right arrow 87,783,178
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)right arrow  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........right arrow  
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
LEASE LIABILITIES 2,034,717








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 2,034,717
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2022

Schedule D (Form 990) 2022
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 15,218,524
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a 14,781,113
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ........... 2d  
e Add lines 2a through 2d ..................... 2e 14,781,113
3 Subtract line 2e from line 1.................. 3 437,411
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a 1,177,606
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c 1,177,606
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 1,615,017
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 145,888,530
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ........... 2d  
e Add lines 2a through 2d.................... 2e 0
3 Subtract line 2e from line 1................... 3 145,888,530
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 1,177,606
b Other (Describe in Part XIII.) ........... 4b 87,345
c Add lines 4a and 4b..................... 4c 1,264,951
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 147,153,481
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART X, LINE 2: THE ORGANIZATION EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS.
PART XII, LINE 4B - OTHER ADJUSTMENTS: RECOVERIES OF PRIOR YEAR GRANTS 87,345.
Schedule D (Form 990) 2022


Additional Data


Software ID:  
Software Version:  




SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right arrow Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.Right arrow Attach to Form 990.Right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
Name of the organization
US RUSSIA FOUNDATION FOR ECONOMIC
ADVANCEMENT AND THE RULE OF LAW
Employer identification number

01-0732928
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in the region (d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in the region		 (f) Total expenditures
for and investments
in the region
EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING SEE SCHEDULE F, PART V 4,187,105
RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 GRANTMAKING SEE SCHEDULE F, PART V 895,940
MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING SEE SCHEDULE F, PART V 65,000
           
           
           
           
           
           
           
           
           
           
           
           
           
           
3a Sub-total .... 0 0 5,148,045
b Total from continuation sheets to Part I ... 0 0 0
c Totals (add lines 3a and 3b) 0 0 5,148,045
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2023
Schedule F (Form 990) 2023
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of noncash
assistance 		(h) Description
of noncash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 95,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 35,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 166,473 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 43,000 WIRE 0    
MIDDLE EAST AND NORTH AFRICA PUBLIC SUPPORT 65,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 61,960 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 99,880 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 219,700 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 153,685 WIRE 0    
RUSSIA AND NEIGHBORING STATES PUBLIC SUPPORT 71,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 225,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 29,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 80,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 29,281 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 150,000 WIRE 0    
RUSSIA AND NEIGHBORING STATES PUBLIC SUPPORT 77,590 WIRE 0    
RUSSIA AND NEIGHBORING STATES PUBLIC SUPPORT 345,456 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 43,000 WIRE 0    
RUSSIA AND NEIGHBORING STATES PUBLIC SUPPORT 34,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 75,000 WIRE 0    
RUSSIA AND NEIGHBORING STATES PUBLIC SUPPORT 43,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 151,470 WIRE 0    
RUSSIA AND NEIGHBORING STATES PUBLIC SUPPORT 62,894 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 130,517 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 359,153 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 40,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 80,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 50,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 150,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 96,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 31,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 50,000 WIRE 0    
RUSSIA AND NEIGHBORING STATES PUBLIC SUPPORT 50,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 100,000 WIRE 0    
RUSSIA AND NEIGHBORING STATES PUBLIC SUPPORT 100,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 43,500 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 49,965 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 125,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 220,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 66,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 102,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 362,521 WIRE 0    
RUSSIA AND NEIGHBORING STATES PUBLIC SUPPORT 112,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 124,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 41,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 90,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 84,000 WIRE 0    
EUROPE (INCLUDING ICELAND & GREENLAND) PUBLIC SUPPORT 130,000 WIRE 0    
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
36
3 Enter total number of other organizations or entities .......................MediumBullet
12
Schedule F (Form 990) 2023
Schedule F (Form 990) 2023Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
noncash
assistance 		(g) Description
of noncash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2023
Schedule F (Form 990) 2023
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) 2023
Schedule F (Form 990) 2023
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.
ReturnReference Explanation
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.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2023
Additional Data


Software ID:  
Software Version:  




Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
US RUSSIA FOUNDATION FOR ECONOMIC
ADVANCEMENT AND THE RULE OF LAW
Employer identification number
01-0732928
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
(if applicable)		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1) WESTERN NIS ENTERPRISE FUND
175 W JACKSON BLVD SUITE 1640
CHICAGO,IL60604 		13-3786524 501(C)(3) 0 133,236,209 FMV BONDS PUBLIC SUPPORT
(2) FREE RUSSIA FOUNDATION
1015 15 STREET NW SUITE 600
WASHINGTON,DC20005 		47-2437810 501(C)(3) 297,528 0     PUBLIC SUPPORT
(3) CERGE-EI FOUNDATION
110 JABEZ STREET 1004
NEWARK,NJ07105 		25-1725738 501(C)(3) 248,527 0     PUBLIC SUPPORT
(4) UNIVERSITY OF WISCONSIN
21 N PARK STREET SUITE 6401
MADISON,WI53715 		39-6006492 170(C)(1) 243,527 0     PUBLIC SUPPORT
(5) AMERICAN BAR ASSOCIATION RULE OF LAW INITIATIVE
1050 CONNECTICUT AVENUE NW SUITE
400
WASHINGTON,DC20036 		80-6207841 501(C)(3) 240,000 0     PUBLIC SUPPORT
(6) INDIANA UNIVERSITY
509 E 3RD STREET
BLOOMINGTON,IN47401 		35-6001673 501(C)(3) 209,795 0     PUBLIC SUPPORT
(7) BARD COLLEGE
30 CAMPUS ROAD
ANNANDALEONHUDSON,NY12504 		14-1713034 501(C)(3) 184,771 0     PUBLIC SUPPORT
(8) AMERICAN COUNCILS FOR INTERNATIONAL EDUCATION
1828 L STREET NW SUITE 1200
WASHINGTON,DC20036 		52-1067256 501(C)(3) 170,589 0     PUBLIC SUPPORT
(9) EURASIANET INC
420 W 118TH STREET ROOM 1226
NEW YORK,NY10027 		81-0691279 501(C)(3) 168,701 0     PUBLIC SUPPORT
(10) PILNET
199 WATER STREET
NEW YORK,NY10038 		20-5087783 501(C)(3) 141,967 0     PUBLIC SUPPORT
(11) YALE UNIVERSITY
2 SCIENCE PARK 150 MUNSON ST
NEW HAVEN,CT06511 		06-0646973 501(C)(3) 135,000 0     PUBLIC SUPPORT
(12) GEORGE WASHINGTON UNIVERSITY
2121 I ST NW
WASHINGTON,DC20052 		53-0196584 501(C)(3) 134,450 0     PUBLIC SUPPORT
(13) POLAR BEAR VIDEO VENTURES INC
541 JEFFERSON AVE SUITE 100
REDWOOD CITY,CA94063 		83-1307045 501(C)(3) 134,000 0     PUBLIC SUPPORT
(14) NEW YORK UNIVERSITY
665 BROADWAY SUITE 801
NEW YORK,NY10012 		13-5562308 501(C)(3) 125,560 0     PUBLIC SUPPORT
(15) WILD SALMON CENTER
721 NW 9TH AVENUE SUITE 300
PORTLAND,OR97209 		94-3166095 501(C)(3) 124,432 0     PUBLIC SUPPORT
(16) CASE WESTERN RESERVE UNIVERSITY SCHOOL OF LAW
11075 EAST BLVD
CLEVELAND,OH44106 		34-1018992 501(C)(3) 114,211 0     PUBLIC SUPPORT
(17) ASSOCIATION FOR SLAVIC EAST EUROPEAN AND EURASIAN STUDIES
203C BELLEFIELD HALL UNIVERSITY OF
PITTSBURGH
PITTSBURGH,PA15260 		31-0785029 501(C)(3) 101,034 0     PUBLIC SUPPORT
(18) CENTER FOR EUROPEAN POLICY ANALYSIS
1275 PENNSYLVANIA AVENUE NW SUITE
400
WASHINGTON,DC20004 		20-8247530 501(C)(3) 100,000 0     PUBLIC SUPPORT
(19) HOWARD UNIVERSITY
2400 SIXTH STREET NW
WASHINGTON,DC20059 		53-0204707 501(C)(3) 100,000 0     PUBLIC SUPPORT
(20) UNIVERSITY OF KANSAS CENTER FOR RESEARCH
2385 IRVING HILL ROAD
LAWRENCE,KS66045 		48-0680117 501(C)(3) 100,000 0     PUBLIC SUPPORT
(21) UNIVERSITY OF TEXAS AT AUSTIN
3925 WEST BRAKER LANE BUILDING 156
SUITE 3340
AUSTIN,TX78759 		74-6000203 501(C)(3) 100,000 0     PUBLIC SUPPORT
(22) CENTER FOR INDEPENDENT SOCIAL RESEARCH
2815 SUSQUEHANNOCK CIRCLE
ODENTON,MD21113 		82-5241072 501(C)(3) 94,282 0     PUBLIC SUPPORT
(23) MELIKIAN CENTER ARIZONA STATE UNIVERSITY
300 EAST UNIVERSITY DRIVE
TEMPE,AZ85281 		86-6051042 501(C)(3) 85,000 0     PUBLIC SUPPORT
(24) UTAH VALLEY UNIVERSITY
800 WEST UNIVERSITY PARKWAY
OREM,UT84058 		87-0280648 501(C)(3) 84,000 0     PUBLIC SUPPORT
(25) PEN AMERICA
588 BROADWAY SUITE 303
NEW YORK,NY10012 		13-3447888 501(C)(3) 82,000 0     PUBLIC SUPPORT
(26) UNIVERSITY OF MAINE SCHOOL OF LAW FOUNDATION
246 DEERING AVENUE
PORTLAND,ME04102 		01-0544448 501(C)(3) 78,604 0     PUBLIC SUPPORT
(27) INDIGENOUS PEOPLES RIGHTS
PO BOX 284
WEST BOOTHBAY HARBOR,ME04575 		86-1737122 501(C)(3) 77,000 0     PUBLIC SUPPORT
(28) UNIVERSITY OF ARIZONA
888 N EUCLIC AVE RM 510
TUCSON,AR85719 		74-2652689 501(C)(3) 75,000 0     PUBLIC SUPPORT
(29) UNIVERSITY OF SOUTH FLORIDA
4202 E FOWLER AVE ALC100
TAMPA,FL33620 		59-0879015 501(C)(3) 74,986 0     PUBLIC SUPPORT
(30) SUPPORTERS OF CIVIL SOCIETY INC
3734 ARSENAL STREET
ST LOUIS,MO63116 		41-2040138 501(C)(3) 72,033 0     PUBLIC SUPPORT
(31) AMERICAN ASSOCIATION OF TEACHERS OF SLAVIC AND EAST EUROPEAN LANGUAGES
3501 TROUSDALE PARKWAY THH 255L
UNIVERSITY OF SOUTHERN CALIFORNIA
LOS ANGELES,CA90089 		04-6130037 501(C)(3) 71,400 0     PUBLIC SUPPORT
(32) FLETCHER SCHOOL OF LAW AND DIPLOMACY AT TUFTS UNIVERSITY
160 PACKARD AVENUE
MEDFORD,MA02144 		04-2103634 501(C)(3) 70,000 0     PUBLIC SUPPORT
(33) HARVARD COLLEGE
1033 MASSACHUSETTS AVE STE 3
CAMBRIDGE MA,MA02138 		04-2103580 501(C)(3) 67,571 0     PUBLIC SUPPORT
(34) STANFORD UNIVERSITY
ENCINA HALL 616 JANE STANFORD WAY
STANFORD,CA94080 		94-1156365 501(C)(3) 67,000 0     PUBLIC SUPPORT
(35) RUSSIAN-AMERICAN SCIENCE ASSOCIATION
7016 TURKEY FARM ROAD
CHAPEL HILL,NC27514 		27-0973044 501(C)(3) 65,000 0     PUBLIC SUPPORT
(36) STREET LAW INC
1010 WAYNE AVE SUITE 870
SILVER SPRING,MD20910 		52-2015256 501(C)(3) 58,000 0     PUBLIC SUPPORT
(37) PURE LAND LLC
147 BROADWAY SUITE 2
BROOKLYN,NY11211 		83-1099259 N/A 54,483 0     PUBLIC SUPPORT
(38) FOUNDATION FOR DEMOCRATIC DEVELOPMENT
1629 K STREET NW SUITE 300
WASHINGTON,DC20006 		83-4583490 501(C)(3) 50,000 0     PUBLIC SUPPORT
(39) INSTITUTE OF CURRENT WORLD AFFAIRS (ICWA)
1818 N STREET NW SUITE 460
WASHINGTON,DC20036 		13-1621044 501(C)(3) 50,000 0     PUBLIC SUPPORT
(40) INTERNATIONAL DOCUMENTARY ASSOCIATION
3600 WILSHIRE BLVD SUITE 1810
LOS ANGELES,CA90010 		95-3911227 501(C)(3) 50,000 0     PUBLIC SUPPORT
(41) HARRIMAN INSTITUTE AT COLUMBIA UNIVERSITY
615 W 131ST STREET SUITE 600
NEW YORK,NY10027 		13-5598093 501(C)(3) 45,630 0     PUBLIC SUPPORT
(42) TAMIZDAT PROJECT INC
2429 41ST STREET 2
ASTORIA,NY11103 		88-3480455 501(C)(3) 42,300 0     PUBLIC SUPPORT
(43) WOODROW WILSON INTERNATIONAL CENTER FOR SCHOLARS KENNAN INSTITUTE
ONE WOODROW WILSON PLAZA 1300
PENNSYLVANIA AVE NW
WASHINGTON,DC20004 		52-1067541 501(C)(3) 40,542 0     PUBLIC SUPPORT
(44) UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL CENTER FOR SLAVIC EURASIAN AN
104 AIRPORT DRIVE SUITE 2200 CAMPUS
BOX 1350
CHAPEL HILL,NC27599 		56-6001393 501(C)(3) 33,131 0     PUBLIC SUPPORT
(45) UNIVERSITY OF ALASKA FAIRBANKS
BOX 757880
FAIRBANKS,AK99775 		92-6000147 501(C)(3) 31,618 0     PUBLIC SUPPORT
(46) INTERNATIONAL INDIGENOUS FUND FOR DEVELOPMENT AND SOLIDARITY BATANI
30 RED WAGON RD
YARMOUTH,ME04096 		83-1179364 501(C)(3) 31,000 0     PUBLIC SUPPORT
(47) POLESTAR VIDEO VENTURES INC
541 JEFFERSON AVE SUITE 100
REDWOOD CITY,CA94063 		83-1307045 N/A 25,565 0     PUBLIC SUPPORT
(48) FORT ROSS CONSERVANCY
1905 HIGHWAY 1
JENNER,CA95450 		94-2370751 501(C)(3) 24,995 0     PUBLIC SUPPORT
(49) AMHERST CENTER FOR RUSSIAN CULTURE AMHERST COLLEGE
155 SOUTH PLEASANT STREET
AMHERST,MA01002 		04-2103542 501(C)(3) 18,000 0     PUBLIC SUPPORT
(50) RUSSIAN AMERICA FOR DEMOCRACY IN RUSSIA
6218 GEORGIA AVENUE NW SUITE 1 PMB
3078
WASHINGTON,DC20011 		87-3558467 501(C)(3) 10,000 0     PUBLIC SUPPORT
(51) TUFTS COLLEGE
136 HARRISON AVE
BOSTON,MA02111 		04-2103634 501(C)(3) 5,500 0     PUBLIC SUPPORT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
47
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
3
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2023

Schedule I (Form 990) 2023
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
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.
Schedule I (Form 990) 2023



Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
Name of the organization
US RUSSIA FOUNDATION FOR ECONOMIC
ADVANCEMENT AND THE RULE OF LAW
Employer identification number

01-0732928
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2023

Schedule J (Form 990) 2023
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1MATTHEW ROJANSKY
CHIEF EXECUTIVE OFFICER 		(i)

(ii)		 325,500
-------------
0 		35,000
-------------
0 		2,633
-------------
0 		66,000
-------------
0 		38,031
-------------
0 		467,164
-------------
0 		0
-------------
0
2ALAN GRIFFIN
COO/CFO 		(i)

(ii)		 277,180
-------------
0 		0
-------------
0 		4,268
-------------
0 		56,290
-------------
0 		30,714
-------------
0 		368,452
-------------
0 		0
-------------
0
Schedule J (Form 990) 2023

Schedule J (Form 990) 2023
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
Schedule J (Form 990) 2023

Additional Data


Software ID:  
Software Version:  

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

SCHEDULE N
(Form 990)

Department of the Treasury
Internal Revenue Service
Liquidation, Termination, Dissolution, or Significant Disposition of Assets
Right arrow Complete if the organization answered "Yes" on Form 990, Part IV, lines 31 or 32; or Form 990-EZ, line 36.
Right arrow Attach certified copies of any articles of dissolution, resolutions, or plans.
Right arrow Attach to Form 990 or 990-EZ.
Right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
US RUSSIA FOUNDATION FOR ECONOMIC
ADVANCEMENT AND THE RULE OF LAW
Employer identification number
01-0732928
Part I
Liquidation, Termination, or Dissolution. Complete this part if the organization answered "Yes" on Form 990, Part IV, line 31, or Form 990-EZ, line 36. Part I can be duplicated if additional space is needed.
1(a) Description of asset(s)
distributed or transaction
expenses paid 		(b) Date of
distribution 		(c) Fair market value of
asset(s) distributed or
amount of transaction
expenses 		(d) Method of
determining FMV for
asset(s) distributed or
transaction expenses 		(e) EIN of recipient (f) Name and address of recipient (g) IRC section
of recipient(s) (if
tax-exempt) or type
of entity
Yes
No
2
Did or will any officer, director, trustee, or key employee of the organization:
a
Become a director or trustee of a successor or transferee organization? ...........................
2a
 
 
b
Become an employee of, or independent contractor for, a successor or transferee organization? .....................
2b
 
 
c
Become a direct or indirect owner of a successor or transferee organization? .....................
2c
 
 
d
Receive, or become entitled to, compensation or other similar payments as a result of the organization's liquidation, termination, or dissolution? ........
2d
 
 
e
If the organization answered "Yes" to any of the questions on lines 2a through 2d, provide the name of the person involved and explain in Part III. Right arrow
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50087Z
Schedule N (Form 990) (2023)

Schedule N (Form 990) (2023)
Page 2
Part I
Liquidation, Termination, or Dissolution (continued)
Note. If the organization distributed all of its assets during the tax year, then Form 990, Part X, column (B), line 16 (Total assets), and line 26 (Total liabilities), should equal -0-.
Yes
No
3
Did the organization distribute its assets in accordance with its governing instrument(s)? If "No," describe in Part III .............
3
 
 
4a
Is the organization required to notify the attorney general or other appropriate state official of its intent to dissolve, liquidate, or terminate? ......
4a
 
 
b
If "Yes," did the organization provide such notice? .....................
4b
 
 
5
Did the organization discharge or pay all of its liabilities in accordance with state laws? .....................
5
 
 
6a
Did the organization have any tax-exempt bonds outstanding during the year? .....................
6a
 
 
b
If "Yes" on line 6a, did the organization discharge or defease all of its tax-exempt bond liabilities during the tax year in accordance with the Internal Revenue Code and state laws?
6b
 
 
c
If "Yes" on line 6b, describe in Part III how the organization defeased or otherwise settled these liabilities. If "No" on line 6b, explain in Part III.

Part II
Sale, Exchange, Disposition, or Other Transfer of More Than 25% of the Organization's Assets. Complete this part if the organization answered "Yes" on Form 990, Part IV, line 32, or Form 990-EZ, line 36. Part II can be duplicated if additional space is needed.
1(a) Description of asset(s)
distributed or transaction
expenses paid 		(b) Date of
distribution 		(c) Fair market value of
asset(s) distributed or
amount of transaction
expenses 		(d) Method of
determining FMV for
asset(s) distributed or
transaction expenses 		(e) EIN of recipient (f) Name and address of recipient (g) IRC section
of recipient(s) (if
tax-exempt) or type
of entity
U.S. GOVERNMENT AND CORPORATE BONDS 01-11-2023 133,236,209 FMV 13-3786524 WESTERN NIS FUND
 
175 W JACKSON BLVD SUITE 164
CHICAGO,IL60604 		501(C)(3)
Yes
No
2
Did or will any officer, director, trustee, or key employee of the organization:
a
Become a director or trustee of a successor or transferee organization? .........................
2a
 
 
b
Become an employee of, or independent contractor for, a successor or transferee organization? .....................
2b
 
 
c
Become a direct or indirect owner of a successor or transferee organization? .....................
2c
 
 
d
Receive, or become entitled to, compensation or other similar payments as a result of the organization's significant disposition of assets? ........
2d
 
 
e
If the organization answered "Yes" to any of the questions on lines 2a through 2d, provide the name of the person involved and explain in Part III. Right arrow
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50087Z
Schedule N (Form 990) (2023)

Schedule N (Form 990) (2023)
Page 3
Part III
Supplemental Information. Provide the information required by Part I, lines 2e and 6c, and Part II, line 2e. Also complete this part to provide any additional information.
Return Reference Explanation
Schedule N (Form 990) (2023)



Additional Data


Software ID:  
Software Version:  


SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
 Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
US RUSSIA FOUNDATION FOR ECONOMIC
ADVANCEMENT AND THE RULE OF LAW
Employer identification number

01-0732928
Return Reference Explanation
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 MARCUM LLP 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 ON SEPTEMBER 2021.
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: RECOVERIES OF PRIOR YEAR GRANTS 87,345.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2023


Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
2023
Open to Public Inspection
Name of the organization
US RUSSIA FOUNDATION FOR ECONOMIC
ADVANCEMENT AND THE RULE OF LAW
Employer identification number

01-0732928
Part I
Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) THE US RUSSIA INVESTMENT FUND LLC
500 LENFANT PLAZA SUITE 1025
WASHINGTON,DC20024
13-3837559 		INVESTMENTS DE 4,382,033 0 US RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW
 










Part II
Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2023
Schedule R (Form 990) 2023
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No












Schedule R (Form 990) 2023
Schedule R (Form 990) 2023
Page 3
Part V
Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
 
 
b Gift, grant, or capital contribution to related organization(s) ............................
1b
 
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
 
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
 
e Loans or loan guarantees by related organization(s) ............................
1e
 
 
f Dividends from related organization(s) ............................
1f
 
 
g Sale of assets to related organization(s) ............................
1g
 
 
h Purchase of assets from related organization(s) ............................
1h
 
 
i Exchange of assets with related organization(s) ............................
1i
 
 
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
 
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
 
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
 
 
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
 
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
 
 
o Sharing of paid employees with related organization(s) ............................
1o
 
 
p Reimbursement paid to related organization(s) for expenses ............................
1p
 
 
q Reimbursement paid by related organization(s) for expenses ............................
1q
 
 
r Other transfer of cash or property to related organization(s) ............................
1r
 
 
s Other transfer of cash or property from related organization(s) ............................
1s
 
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved





Schedule R (Form 990) 2023
Schedule R (Form 990) 2023
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2023
Schedule R (Form 990) 2023
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference Explanation
Schedule R (Form 990) 2023

Additional Data


Software ID:  
Software Version: