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CHARITY REVIEW
Issued: September 2026 Expires: September 2028

Children of Heroes of Ukraine Foundation

Standards Not Met
Standards Not Met
14 17
(302) 592-0792
514 North Washington Street
Denver, CO, 80203
https://childrenheroes.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Children of Heroes of Ukraine Foundation does not meet the following 2 Standards for Charity Accountability:

Standard 14 (Budget)
Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

CHU does not meet this Standard because, when the organization provided 2026 budget information, it indicated that the budget:

  • Was not approved by the organization’s board of directors.

Standard 17 (Web Site Disclosures)
Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

CHU does not meet this Standard because the organization’s website, https://childrenheroes.org/, does not include all of the recommended information for those charity websites that solicit for donations. Specifically, it does not include:

  • Electronic access to the organization’s 2024 IRS Form 990.

The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: 19

Children of Heroes of Ukraine Foundation meets the remaining 17 Standards for Charity Accountability.

Stated Purpose:
"to honor Ukrainians fallen due to the Russian aggression through empowering their children to thrive."

Year, State Incorporated:
2022, DE

Children of Heroes of Ukraine Foundation (CHU) reports that it raises funds to support the children of fallen Ukrainians as they overcome adversity, rebuild their lives, and create a better future for themselves and for Ukraine. The organization assists in programs focused on humanitarian and emergency aid, psychological care and therapy, crisis management, legal aid, education, and medical care. CHU also helps provide food, warm clothing, and assistance in securing shelter for children.

For the year ended December 30, 2024, Children of Heroes of Ukraine Foundation's program expenses were:

Program services $2,677,505
Total Program Expenses $2,677,505

Chief Executive
Tetiana Novytska, Chief Executive Officer

Compensation*
$77,680

Chair of the Board
Mark Iwashko

Chair's Profession / Business Affiliation
Co-Managing Partner, Diligent Capital Partners

Board Size
9

Paid Staff Size
108

*2024 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Television, Grant proposals, Internet, Planned giving arrangements, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Membership appeals

Fundraising costs were 10% of related contributions. (Related contributions, which totaled $3,147,895, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Children of Heroes of Ukraine Foundation's audited financial statements for the year ended December 30, 2024.

Source of Funds
High net worth individual contributions $2,187,975
Grants and foundations $546,274
Individual contributions $251,510
Other contributions $110,421
Corporate contributions $51,715
Total Income $3,147,895

Programs: 84% Fundraising: 10% Administrative: 7%

Total Income $3,147,895
Total expenses: $3,199,658
  Program expenses $2,677,505
  Fundraising expenses $307,468
  Administrative expenses $214,685
  Other expenses $0
Income in Excess of Expenses $-51,763
Beginning Net Assets $832,186
Other Changes In Net Assets $-11,886
Ending Net Assets $768,537
Total Liabilities $2,944
Total Assets $771,481

Note: In the above financial statement, "other changes in net assets" refers to loss on foreign currency exchange.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB Wise Giving Alliance