Grand Founders Foundation Inc

Nonprofit profile at a glance

EIN
923725118
IRS 990-EZ coverage
2023–2025
Forms available
Form 990-EZ 2025
Location
New York, NY, USA
Phone
9175190599
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$76,497
Expenses
$74,853
Assets
$2,297

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Ivan aka Richard Ogilchyn (Chair of the Board, CEO)

People named in this filing

  • Sergey Kraytman (Vice Chair of the Board)
  • Ivan aka Richard Ogilchyn (Chair of the Board, CEO)
  • Andrew Frank (Board Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Grand Founders is a New Yorkbased 501(c)(3) nonprofit foundation (EIN 92-3725118) dedicated to strengthening national security and advancing economic development through thoughtfully structured impact investments and global entrepreneurial support. We prioritize initiatives that enable veterans, immigrants, and entrepreneurial leaders from underrepresented backgrounds to build resilient enterprises thereby creating a sustainable legacy of responsible leadership for future generations.

What it reported doing in 2025

Emerging Entrepreneurs Support

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 22
  • Transparency & Controls: 100
  • Sustainability: 32
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 21.6%; rating input score 22
  • Program expense ratio: 22%; rating input score 22

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 2.1%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -42.3% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: 8.9% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 44.9% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 21.6% of revenue deployed · 22% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $17K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 22/100.
  • High — Financial Efficiency: Program expense ratio scored 22/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.