The Us Russia Investment Fund

Overview

Mission

The purpose of the u.s. Russia investment fund, as provided by the framework of the seed act, is to promote the development of the russian private sector and joint ventures between the united states and russian participants and to help institute policies and practices (continued) conducive to private sector development in russia.

What it reported doing in 2013

Before the fund filed its certificate of dissolution the fund engaged in a private investment program in russia which provided equity investments, loans and technical assistance grants to russian enterprises, western firms and russian-western joint ventures operating in russia. During the current reporting period, the fund provided grants to cfe, inc. The purpose of the grants is to provide support for entrepreneurial management teams and the promotion of entrepreneurship in russia.the fund also provided grants to the u.s. Russia foundation for (continued) economic advancement and rule of law ("usrf") in accordance with its wind-up and liquidation plan for distribution of the fund's proceeds of sales of portfolio investments, and the endowment of usrf.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.

Nonprofit profile at a glance

EIN
133837559
IRS 990 coverage
2009–2013
Forms available
Form 990 2013
Headquarters
Edgewater, MD, USA
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Economic Development

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for setting executive pay and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 59
  • Accountability: 90
  • Sustainability: 31
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: -695%; rating input score 5; 5th percentile among comparable filings
  • Operating reserve ratio: 16.47; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 2.2%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -44.4% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: -11.4% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96% of spending went to programs
  • Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $9.2M in reported program spending
  • Leadership: top reported pay $293K · 11 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $190K reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 8 filed schedules · includes foreign activity, grants, and executive pay
  • Filing history: 5 annual filings from 2009 to 2013
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.