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CHARITY REVIEW
Issued: May 2024 Expires: May 2026

Hope For Ukraine

Accredited Charity
Accredited Charity

Meets Standards
Accreditation seal
(973) 795-1203
101 Eisenhower Parkway, Suite 300
Roseland, NJ, 07068
https://hfu.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

Hope For Ukraine meets the 20 Standards for Charity Accountability.

Stated Purpose:
“to improve the quality of life of poor children and youth devastated by war in Ukraine, by providing basic necessities, critical benefits and services, programs that support long-term development, and opportunities that prepare them for success.”

Year, State Incorporated:
2016, NJ

Hope For Ukraine (HFU) reports it provides food, medical attention, shelter, and education to individuals and families of the poorest communities in Ukraine. The organization’s Family Support Project provides food, clothing, and hygiene products for multiple days. HFU’s A Child’s Smile Project supports and facilitates activities and events for children affected by the conflict. The organization also runs a full-time refugee center located in Lviv, Ukraine, for internally displaced individuals and families. As reported by the organization, in 2022, HFU provided 62 million meals, delivered 5,600 gift boxes for children, delivered 1,120 tons of aid, and sheltered 1,310 internally displaced individuals.

For the year ended December 31, 2022, Hope For Ukraine's program expenses were:

Family support: $2,492,087

Medical support: $41,668

A Children's Smile: $101,011

Total Program Expenses: $2,634,766

Chief Executive
Yuriy Boyechko, Chief Exeucitve Officer

Compensation*
$70,000

Chair of the Board
Marko Vukosavovic

Chair's Profession / Business Affiliation
Head of Finance and Operations, Observer Media

Board Size
9

Paid Staff Size
17

*2022 compensation, as reported by the charity, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Note: Chief Executive Officer Yuriy Boyechko's total annual compensation of $70,000 began in July 2022. Yuriy Boycechko previously served in a voluntary capacity.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Special events, Foundation grants, Print advertisements, Corporate solicitation

Fundraising costs were less than 1% of related contributions. (Related contributions, which totaled $6,840,450, 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 Hope For Ukraine's audited financial statements for the year ended December 31, 2022.

Source of Funds
Contributions $6,230,616
In-kind contributions $609,834
Investment income, net $-5,440
Total Income $6,835,010

Programs: 95% Fundraising: 1% Administrative: 4%

Total Income $6,835,010
Total expenses: $2,774,658
  Program expenses $2,634,766
  Fundraising expenses $23,338
  Administrative expenses $116,554
  Other expenses $0
Income in Excess of Expenses $4,060,352
Beginning Net Assets $92,320
Other Changes In Net Assets $0
Ending Net Assets $4,152,672
Total Liabilities $7,532
Total Assets $4,160,204

Note: According to HFU’s audited financial statements for 2022, the organization received in-kind contributions of $609,834 in clothing.

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.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance