Psi Kyiv Inc

Nonprofit profile at a glance

EIN
844574620
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Kyiv, UP
Phone
0504464776
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Specialized Education Institutions

Official website

Reported finances

Revenue
$3,470,110
Expenses
$4,422,568
Assets
$13,166,865
Liabilities
$2,710,006

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • TRAE HOLLAND (CEO)

Highest reported compensation

  • TRAE HOLLAND (CEO): $191,595 total reported compensation
  • REM RUSANOV (CFO): $42,029 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Psi is a co-educational school in ukraine that serves about 150 students, aged 3 to 18 years and whose families originate from more than 15 different countries.

What it reported doing in 2024

Psi is a co-educational school in ukraine that serves about 150 students, aged 3 to 18 years and whose families originate from more than 15 different countries. The majority of the schools' parents are expatriates living in ukraine and serving in diplomatic, government, and business roles in the community. Notably, a number of the parents are employed by the u.s. Department of state and work at the u.s. Embassy in kyiv, ukraine. For this reason, the school is supported by the u.s. Department of state office of overseas schools, an administrative division that helps provide quality education to children of u.s. Citizens working for the u.s. Government abroad. Psi provides a renowned international curriculum taught in an english language environment. It is the only school in ukraine credentialed to teach the international baccalaureate (ib) programs a set of programs that are designed for international families and are based on worldwide best practices in teaching an and learning. Students who graduate from high school with the prestigious ib diploma can apply to universities around the world. Psi is also the only school in ukraine that holds dual accreditation from the council of international schools (cis) in europe and the new england association of schools and colleges (neasc) in the u.s. That means that the schools philosophy, governance, curriculum, resources, staffing, and operations meet rigorous standards set by these internationally recognized agencies. Psi is also a member of the european council of international school (ecis) and the central and eastern european schools association (ceesa). These affiliates provide psi students with the opportunity to participate in international sporting, culture, and academic events within the european international schools network and provide psi staff with professional training by recognized international teaching consultants and organizations.

Operating model

Revenue model
Earned-program. 93% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 45
  • Accountability: 91
  • Sustainability: 35
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.6%; rating input score 74
  • Program expense ratio: 61.6%; rating input score 62
  • Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 0; 0th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -27.4%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 2.98; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 5.3%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: -30% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -68.9% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -21.9% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 73.6% of revenue deployed · 61.6% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.7M in reported program spending
  • Leadership: top reported pay $192K · 14 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 7 filed schedules · includes foreign activity and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 3 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.

Key Signals

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

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 0/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.