Shevchenko Scientific Society Inc
Nonprofit profile at a glance
- EIN
- 135619660
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-N 2023
- Location
- New York, NY, USA
- Phone
- 9083074622
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- General Science
Reported finances
- Revenue
- $940,787
- Expenses
- $761,313
- Assets
- $9,979,252
- Liabilities
- $32,332
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- Vitaly Chernetsky (President)
- Olena Nikolayenko (First Vice President)
- Roman Shirokov (Treasurer & Academic Vice President)
- Yohanan Petrovsky-Shtern (Academic Vice President)
- George Grabowicz (Academic Vice President)
- Virko Baley (Academic Vice President)
Highest reported compensation
- Lev Chaban (Secretary): $12,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote scholarship and higher education in the humanities and sciences focusing on Ukranian topics through research, conferences, publications, library and archive resources and community outreach by providing research grants, scholarships and fellowships.
What it reported doing in 2024
Conferences and ConventionsThe Society holds a series of lectures, book presentations, round tables and panel discussions, all open to the public, featuring notable members of the Society and guests presenting their newest research, papers or publications. Receptions follow each event. Society members participate in the ASN, ASEEES, and other miscellaneous conferences.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 61% for direct work, and 39% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 68
- Accountability: 93
- Sustainability: 79
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 78.8%; rating input score 79
- Fundraising efficiency: $44.53 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings
Transparency & Controls
- Consistency checks: 83.3%; rating input score 83; 1st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 89.5%; rating input score 90; 38th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.8%; rating input score 97; 26th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 19.1%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 13.11; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 1.6%; rating input score 59; 59th percentile among comparable filings
Growth
- Program expense growth: 1.7% per year; rating input score 100; 25th percentile among comparable filings
- Revenue growth: 11.8% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 2.4% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 78.8% of spending went to programs
- Governance: 30 of 31 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $600K in reported program spending
- Leadership: top reported pay $12K · 31 people listed
- Consistency: 31 of 33 current checks pass · 2 findings to review
- Schedules: 6 filed schedules · includes major donors, foreign activity, and grants
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 2 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: 7 of 8 not reported.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 59/100.