Ukrainian National Association Inc
- Assets
- $179.0m
- Revenue
- $21.9m
- Investments
- $0.0
- Employees
- 26
- Location
- Parsippany, NJ
- Founding
- 01/1941
- Data as of
- 12/2021
- EIN
- 22-1172212
Organization Overview
Ukrainian National Association Inc is located in Parsippany, NJ. The organization was established in 1941. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Ukrainian National Association Inc employed 26 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Ukrainian National Association Inc is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Ukrainian National Association Inc generated $21.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $21.8m during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE UKRAINIAN, UKRAINIAN-AMERICAN, AND UKRAINIAN-CANADIAN CULTURE, TO PROVIDE QUALITY FINANCIAL SERVICES AND PRODUCTS FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRATERNAL ACTIVITIES INCLUDING PUBLISHING OF UKRAINIAN AND ENGLISH WEEKLY, SCHOLARSHIPS, DONATION HELPING INDIGENT MEMBERS, SUPPORTING CULTURAL COURSES AND SUPPORTING SPORTS FOR YOUTH, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefan Kaczaraj President | OfficerTrustee | 38 | $130,854 |
Roma Lisovich Treasurer | OfficerTrustee | 29 | $126,134 |
Yuriy Symczyk National Secretary | OfficerTrustee | 40 | $105,311 |
Eugene Osidacz Director-Canada | OfficerTrustee | 4 | $0 |
Eugene Serba 2nd VP | OfficerTrustee | 4 | $0 |
Gerald Tysiak 1st VP | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miller & Newberg Actuary | 12/30/20 | $179,666 |
Aqs Asset Management Llc Financial Advisor | 12/30/20 | $180,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,973,499 |
| Investment income | $8,457,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $305,898 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,937,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $17,855,321 |
| Compensation of current officers, directors, key employees. | $374,545 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $442,978 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $401,671 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $152,264 |
| Fees for services: Accounting | $350,987 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $366,720 |
| Fees for services: Other | $391,484 |
| Advertising and promotion | $110,938 |
| Office expenses | $125,319 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $362,013 |
| Travel | $3,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,737 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,066 |
| Insurance | $67,491 |
| All other expenses | $0 |
| Total functional expenses | $21,801,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,395,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,033,915 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $263,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $167,258,366 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $178,950,671 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $167,276,864 |
| Total liabilities | $167,276,864 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $11,673,807 |
| Total liabilities and net assets/fund balances | $178,950,671 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ukrainian National Association Inc has recieved totaling $18,759.
| Awarding Organization | Amount |
|---|---|
The Ukrainian National Foundation Inc Parsippany, NJ PURPOSE: SUPPORT CULTURAL COURSES AND THE COMMUNITY. | $18,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Actors Fund Of America New York, NY | $147,965,954 | $61,544,838 |
Loyal Christian Benefit Association Erie, PA | $108,287,356 | $23,099,109 |
Ukrainian National Association Inc Parsippany, NJ | $178,950,671 | $21,937,849 |
Slovak Catholic Sokol Passaic, NJ | $108,716,912 | $20,620,124 |
Slovene National Benefit Society Imperial, PA | $127,585,848 | $17,289,930 |
New Jersey State Policemens Benevolent Association Woodbridge, NJ | $43,741,775 | $9,143,506 |
Serb National Federation Pittsburgh, PA | $50,402,981 | $6,645,334 |
Fraternal Order Of Police Philadelphia, PA | $3,187,559 | $6,876,497 |
Providence Assn Of Ukrainian Catholics Of Amer Philadelphia, PA | $55,075,663 | $6,983,514 |
Polish Falcons Of America Pittsburgh, PA | $40,676,015 | $5,977,879 |
New York Shipping Assn Inc-Prt Plce &grds Union Nysa-Ppgu Wlfr Fnd&pln Bayonne, NJ | $42,517 | $4,741,509 |
Artisans Order Of Mutual Protection Most Excellent Assembly Philadelphia, PA | $35,098,692 | $3,365,313 |