2025-03-26T12:31:13-05:00 2024-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2023-07-01 203287404 UNICEF USA IMPACT FUND FOR CHILDREN INC UNIC 2126865522 125 MAIDEN LANE 10TH FLOOR NEW YORK NY 10038 MICHAEL S CHEN CFO/TREASURER 9129968090 2025-03-24 1 0 TOBY RUTH FRIEDMAN KERSLAKE P01875806 2127589700 2023 2025-03-06 01:10:19Z CRISTINA SHAPIRO-ALSTER 125 MAIDEN LANE 10TH FLOOR NEW YORK NY 10038 20164231 0 X SEE SCHEDULE O X 2005 NY UNICEF USA IMPACT FUND FOR CHILDREN EXISTS TO EXPAND THE CONTINUUM OF FINANCING FOR CHILDREN. 5 3 0 3 0 0 37522934 20164231 0 0 -1017171 0 0 0 36505763 20164231 33074654 17673223 0 0 1021998 1053114 0 0 215250 1512915 1002407 35609567 19728744 896196 435487 69535969 68913451 47267133 45383601 22268836 23529850 X THE UNICEF USA IMPACT FUND FOR CHILDREN (IF4C) EXISTS TO DEVELOP AND IMPLEMENT FINANCIAL SOLUTIONS TO ENSURE EVERY CHILD IS HEALTHY, EDUCATED, PROTECTED AND RESPECTED. WE BELIEVE TRULY SCALABLE, LONG-TERM IMPACT WILL ONLY BE ACCOMPLISHED WHEN (SEE SCH O) 0 0 19406014 17673223 THE UNICEF USA IMPACT FUND FOR CHILDREN (IF4C) OPERATES AND ADMINISTERS THE BRIDGE FUND. THE BRIDGE FUND FAST-TRACKS CRITICAL FUNDING TO THE FIELD TO ELIMINATE CASH GAPS AND PROVIDE UNINTERRUPTED AND EXPEDITED ACCESS TO CRITICAL PROGRAMS FOR CHILDREN. IT WAS CREATED SO UNICEF CAN COMPLETE IMMUNIZATION CAMPAIGNS BEFORE CHILDREN CONTRACT DEADLY DISEASES, DELIVER DESKS THAT ARRIVE BEFORE SCHOOL STARTS, AND FAST-TRACK EMERGENCY RELIEF TO DESPERATE FAMILIES JUST DAYS AFTER A NATURAL DISASTER. IT DOES THIS BY ACCELERATING FUNDING FOR UNICEF DEVELOPMENT PROGRAMS, PROCUREMENT OF SUPPLIES, HUMANITARIAN EMERGENCY RESPONSE, AND GROWING FUTURE FUNDRAISING REVENUE. 19406014 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 18 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X X MICHAEL S CHEN 2129222495 125 MAIDEN LANE 10TH FLOOR NEW YORK NY 10038 MICHAEL J NYENHUIS DIRECTOR/PRESIDENT/CEO 1.00 54.25 X X 0 881582 47476 CRISTINA SHAPIRO-ALSTER CHIEF STRATEGY OFFICER/PRES. OF IF4C 35.00 20.25 X X 0 463357 44346 GLEN BAPTIST DIRECTOR/CHAIR 1.00 1.25 X X 0 0 0 JENNIFER PRYCE DIRECTOR 1.00 0.25 X 0 0 0 VIDYA VASU-DEVAN DIRECTOR 1.00 0.00 X 0 0 0 MICHELE WALSH EVP/CHIEF PHILANTHROPY OFFICER 1.00 54.25 X 0 398826 38206 JESSICA LEINWAND CHIEF LEGAL OFFICER/GENERAL COUNSEL 3.00 52.25 X 0 415401 31150 MICHAEL S CHEN CFO/TREASURER 1.00 54.25 X 0 332892 8953 0 2492058 170131 0 0 1 0 0 15128212 5036019 20164231 20164231 0 0 0 17673223 17673223 483297 351265 33623 98409 450649 327536 31352 91761 28662 20832 1994 5836 45532 33093 3168 9271 44974 32687 3129 9158 50656 45590 5066 77538 66234 11304 10090 10000 90 120188 120188 39926 36059 3867 661796 661796 MEMBERSHIP DUES AND OTH 25500 25500 MISCELLANEOUS 16200 1549 13836 815 BOOKS, PERIODICALS 513 462 51 19728744 19406014 107480 215250 41291 8213714 9172774 34586510 34199153 22194759 24772175 4540986 728058 69535969 68913451 417133 268442 1415159 40475000 37075000 6375000 6625000 47267133 45383601 X 23770326 24205813 -1501490 -675963 22268836 23529850 69535969 68913451 X 435487 825527 X 0 1 X 1 0 X X 1 UNITED STATES FUND FOR UNICEF 131760110 7 1 17673223 0 1 17673223 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 RECOVERABLE GRANTS 6625000 6625000 X PART X, LINE 2: THE UNICEF USA IMPACT FUND FOR CHILDREN INC (IF4C) IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR UNITED STATES FUND FOR UNICEF AND AFFILIATES (USF). THE INCOME TAX FOOTNOTE FROM THE CONSOLIDATED FINANCIAL STATEMENTS STATES THE FOLLOWING: THE FUND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION AS DEFINED IN SECTION 509(A)(1) OF THE IRC. IF4C AND BF-GAC ARE ALSO EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC AND ARE CLASSIFIED AS PUBLICLY SUPPORTED ORGANIZATIONS AS DEFINED IN SECTION 509(A)(3) OF THE IRC. THE FUND, IF4C, AND THE BF-GAC ARE ALSO EXEMPT FROM STATE AND LOCAL INCOME TAXES AND QUALIFY FOR THE MAXIMUM CHARITABLE CONTRIBUTION DEDUCTION BY DONORS. USF RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. NO PROVISION FOR INCOME TAXES HAS BEEN MADE, AS USF HAS NOT REPORTED ANY TAXABLE UNRELATED BUSINESS INCOME, AND ANY UNRELATED BUSINESS INCOME IS OFFSET BY ASSOCIATED EXPENDITURES. USF EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS CONSOLIDATED FINANCIAL STATEMENTS. AS OF JUNE 30, 2024 AND 2023, USF HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 462351 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 647676 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING 414234 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 6120390 NORTH AMERICA 0 0 GRANTMAKING 41314 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 1018276 SOUTH AMERICA 0 0 GRANTMAKING 300433 SOUTH ASIA 0 0 GRANTMAKING 2173673 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 6494876 0 0 0 0 0 0 11178347 6494876 17673223 CENTRAL AMERICA AND THE CARIBBEAN SEE PART V 462351 WIRE 0 FMV EAST ASIA AND THE PACIFIC SEE PART V 647676 WIRE 0 FMV EUROPE (INCLUDING ICELAND AND GREENLAND) SEE PART V 414234 WIRE 0 FMV MIDDLE EAST AND NORTH AFRICA SEE PART V 6120390 WIRE 0 FMV NORTH AMERICA SEE PART V 41314 WIRE 0 FMV RUSSIA AND NEIGHBORING STATES SEE PART V 1018276 WIRE 0 FMV SOUTH AMERICA SEE PART V 300433 WIRE 0 FMV SOUTH ASIA SEE PART V 2173673 WIRE 0 FMV SUB-SAHARAN AFRICA SEE PART V 6494876 WIRE 0 FMV 9 0 0 0 0 0 0 0 PART I, LINE 2: THE UNICEF USA IMPACT FUND FOR CHILDREN (IF4C) RELIES ON THE OPERATIONS OF ITS SUPPORTED ORGANIZATION, THE UNITED STATES FUND FOR UNICEF, FOR MONITORING OF GRANT EXPENSES. THIS INCLUDES REQUIRING THE GRANTEE, PRIMARILY UNICEF, TO SUBMIT TO IT QUALITATIVE AND QUANTITATIVE REPORTS AND MILESTONES AS DEFINED IN THE GRANT AGREEMENT AND BY REVIEWING SUCH REPORTS. GRANTEES (PRIMARILY UNICEF COUNTRY OFFICES) ARE RESPONSIBLE FOR ENSURING THAT PROJECTS ARE EXECUTED IN ACCORDANCE WITH DEFINED TIMELINES AND MILESTONES AS SET FORTH IN THE GRANT. PART II, COLUMN (D): PURPOSE OF GRANTS: THE UNICEF USA IMPACT FUND FOR CHILDREN IS A TAX-EXEMPT AFFILIATE ORGANIZATION OF UNICEF USA. UNICEF WORKS IN OVER 190 COUNTRIES AND TERRITORIES TO SAVE CHILDREN'S LIVES, DEFEND THEIR RIGHTS AND HELP THEM REACH THEIR FULL POTENTIAL FROM EARLY CHILDHOOD THROUGH ADOLESCENCE. 0 1 0 0 0 0 0 0 0 MICHAEL J NYENHUIS DIRECTOR/PRESIDENT/CEO 0 647240 0 109792 0 124550 0 44108 0 3368 0 929058 0 100000 CRISTINA SHAPIRO-ALSTER CHIEF STRATEGY OFFICER/PRES. OF IF4C 0 413657 0 49700 0 0 0 34183 0 10163 0 507703 0 0 JESSICA LEINWAND CHIEF LEGAL OFFICER/GENERAL COUNSEL 0 410401 0 5000 0 0 0 23242 0 7908 0 446551 0 0 MICHELE WALSH EVP/CHIEF PHILANTHROPY OFFICER 0 384989 0 5000 0 8837 0 28740 0 9466 0 437032 0 0 MICHAEL S CHEN CFO/TREASURER 0 332892 0 0 0 0 0 0 0 8953 0 341845 0 0 PART I, LINE 3 THE UNICEF USA IMPACT FUND FOR CHILDREN (IF4C) DOES NOT PAY ITS EMPLOYEES DIRECTLY. RATHER ALL COMPENSATION IS REPORTED AND PAID BY ITS SUPPORTED ORGANIZATION, UNITED STATES FUND FOR UNICEF (UUSA) AND THEN REIMBURSED BY IF4C. THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF UUSA WITH INPUT AND CONSULTATION FROM THE IF4C BOARD OF DIRECTORS HAS THE RESPONSIBILITY AND AUTHORITY TO DETERMINE THE NATURE AND AMOUNT OF COMPENSATION TO BE INCLUDED IN THE PRESIDENT'S EMPLOYMENT AGREEMENT. DURING THE EMPLOYMENT AGREEMENT REVIEW PROCESS, A COMPARABILITY STUDY IS REVIEWED WHICH TAKES INTO CONSIDERATION PEER ORGANIZATIONS IN DETERMINING THE TOTAL COMPENSATION OF THE PRESIDENT, AND INCLUDES SALARY, BENEFITS, AND INCENTIVES AS APPROPRIATE. ALSO, ON AN ANNUAL BASIS, A REVIEW OF THE PRESIDENT'S PERFORMANCE IS CONDUCTED UNDER A SIMILAR COMPARABLE PROCESS. PART I, LINE 4B: PER MICHAEL J. NYENHUIS BOARD APPROVED EMPLOYMENT CONTRACT THERE WAS A DEFERRED COMPENSATION AGREEMENT FOR A 457(F) IN THE AMOUNT OF $116,599.69 PAID ON AUGUST 25, 2023. FORM 990, PAGE 1, LINE J: HTTPS://WWW.UNICEFUSA.ORG/HOW-HELP/DONATE/IMPACT-FUND-CHILDREN FORM 990, PART III, LINE 1 THE UNICEF USA IMPACT FUND FOR CHILDREN EXISTS TO DEVELOP AND IMPLEMENT FINANCIAL SOLUTIONS TO ENSURE EVERY CHILD IS HEALTHY, EDUCATED, PROTECTED, AND RESPECTED. WE BELIEVE TRULY SCALABLE, LONG-TERM IMPACT WILL ONLY BE ACCOMPLISHED WHEN WE COMPLEMENT PHILANTHROPY BY ENGAGING THE VAST CAPITAL POOLS ACROSS FINANCIAL MARKETS TO WORK FOR EVERY CHILD. IF4C'S LARGEST OFFERING IS THE BRIDGE FUND, WHICH USES DEBT TO FAST-TRACK CRITICAL FUNDING TO THE FIELD TO ELIMINATE CASH GAPS AND PROVIDE UNINTERRUPTED AND EXPEDITED ACCESS TO CRITICAL PROGRAMS FOR CHILDREN. FORM 990, PART VI, SECTION A, LINE 6 THE UNITED STATES FUND FOR UNICEF IS THE SOLE MEMBER OF THE UNICEF USA IMPACT FUND FOR CHILDREN INC. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER, UNITED STATES FUND FOR UNICEF, HAS THE POWER TO APPOINT THE BOARD OF DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER, UNITED STATES FUND FOR UNICEF (UUSA), HAS CERTAIN RESERVED POWERS INCLUDING THE RIGHT TO APPROVE (1) ANY AMENDMENT OF THE ORGANIZATION'S CERTIFICATE OF INCORPORATION OR BYLAWS; (2) THE OPERATION AND CAPITAL BUDGETS OF THE ORGANIZATION; (3) THE ORGANIZATION'S ADOPTION OF AN INVESTMENT AND SPENDING POLICY; (4) THE ISSUANCE OF DEBT BELOW A CERTAIN THRESHOLD BY THE ORGANIZATION; AND (5) ANY FUNDAMENTAL CHANGES TO THE ORGANIZATION SUCH AS MERGER AND DISSOLUTION. AMONG THE ORGANIZATION'S RESERVED POWERS IS THE POWER TO SET THE NUMBER OF DIRECTORS AND APPOINT ALL DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE RETURN IS PREPARED BY STAFF AND KPMG LLP, IT IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, CHIEF PEOPLE OFFICER AND CHIEF LEGAL OFFICER, EXTERNAL COUNSEL AS WELL AS THE PRESIDENT OF THE UNICEF USA IMPACT FUND FOR CHILDREN (IF4C). THE IF4C PRESIDENT REVIEWS THE RETURN WITH THE PRESIDENT, CHIEF FINANCIAL OFFICER AND CHIEF EXECUTIVE OFFICER OF THE UNITED STATES FUND FOR UNICEF (UUSA) AND THE CHAIR OF THE UUSA AUDIT COMMITTEE. THE CHAIR THEN PRESENTS THE RETURN TO THE UUSA AUDIT COMMITTEE FOR REVIEW. AFTER THIS REVIEW IS COMPLETE, THE RETURN IS SHARED WITH BOTH THE IF4C AND UUSA BOARD MEMBERS FOR REFERENCE ONLY. THE RETURN IS THEN FILED ELECTRONICALLY WITH THE IF4C CHIEF FINANCIAL OFFICER SIGNING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EVERY STAFF MEMBER OF THE ORGANIZATION IS REQUIRED ANNUALLY TO SIGN A FORM THAT ENSURES EVERYONE IS AWARE OF AND IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE PEOPLE & CULTURE DEPARTMENT COLLECTS THIS INFORMATION. IN ADDITION, EVERY BOARD MEMBER AND PRINCIPAL OFFICER ANNUALLY COMPLETES A CONFLICT OF INTEREST DISCLOSURE STATEMENT DISCLOSING THE FACTS RELATING TO ANY ACTUAL OR POTENTIAL FINANCIAL INTEREST OR STATING THAT HE OR SHE HAS NO REPORTABLE FINANCIAL INTEREST THAT WOULD CONSTITUTE A CONFLICT OR POTENTIAL CONFLICT OF INTEREST AND ACKNOWLEDGING THAT THEY REVIEWED, UNDERSTAND AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. THE ORGANIZATION HAS AN EXTENSIVE CONFLICT OF INTEREST POLICY THAT ESSENTIALLY REQUIRES ANY BOARD MEMBER OR PRINCIPAL OFFICERS WITH A CONFLICT OR POTENTIAL CONFLICT OF INTEREST TO DISCLOSE THE EXISTENCE AND ALL MATERIAL FACTS REGARDING ANY INTEREST IN A TRANSACTION OR MATTER BEING CONSIDERED BY THE BOARD OR A BOARD COMMITTEE AND TO RECUSE HIMSELF OR HERSELF FROM THE MEETING IN WHICH THE TRANSACTION OR MATTER IS DISCUSSED AND VOTED UPON. FORM 990, PART VI, SECTION B, LINE 15 THE UNICEF USA IMPACT FUND FOR CHILDREN (IF4C) DOES NOT PAY ITS EMPLOYEES DIRECTLY. RATHER, ALL COMPENSATION IS REPORTED AND PAID BY ITS SUPPORTED ORGANIZATION, UNITED STATES FUND FOR UNICEF (UUSA) AND THEN REIMBURSED BY IF4C. THE CHIEF EXECUTIVE OFFICER OF UUSA WITH INPUT AND CONSULTATION FROM THE IF4C BOARD OF DIRECTORS HAS THE RESPONSIBILITY AND AUTHORITY TO DETERMINE THE NATURE AND AMOUNT OF COMPENSATION TO BE INCLUDED IN THE PRESIDENT AND CEO'S EMPLOYMENT AGREEMENT. DURING THE EMPLOYMENT AGREEMENT REVIEW PROCESS, A COMPARABILITY STUDY IS REVIEWED WHICH TAKES INTO CONSIDERATION PEER ORGANIZATIONS IN DETERMINING THE TOTAL COMPENSATION OF THE PRESIDENT AND CEO OF UUSA, AND INCLUDES SALARY, BENEFITS, AND INCENTIVES AS APPROPRIATE. ALSO, ON AN ANNUAL BASIS, A REVIEW OF THE PRESIDENT AND CEO OF UUSA'S PERFORMANCE IS CONDUCTED UNDER A SIMILAR COMPARABLE PROCESS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 1023 IS AVAILABLE UPON REQUEST. THE ORGANIZATION'S FORMS 990 IS POSTED ON THE ORGANIZATION'S WEBSITE AT WWW.UNICEFUSA.ORG AND IS ALSO AVAILABLE ON GUIDESTAR AND CHARITY NAVIGATOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION GENERALLY DOES NOT MAKE AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY, HOWEVER, THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE AT WWW.UNICEFUSA.ORG FORM 990, PART XI, LINE 9: PROVISION FOR LOAN LOSS 825,527. FORM 990, PART IX EXPENSES - CERTAIN EXPENSES, INCLUDING SALARIES AND RELATED EMPLOYEE BENEFITS, ARE PAID BY THE ORGANIZATION'S RELATED ORGANIZATION, UNITED STATES FUND FOR UNICEF AND THEN REIMBURSED BY UNICEF USA IMPACT FUND FOR CHILDREN. UNITED STATES FUND FOR UNICEF 125 MAIDEN LANE 10TH FLOOR NEW YORK NY 10038 131760110 SUPPORT PROGRAMS THROUGH FUNDRAISING NY 501(C)(3) LINE 7 N/A 0 BRIDGE FUND GRANT ASSISTANCE CORPORATION 125 MAIDEN LANE 10TH FLOOR NEW YORK NY 10038 460899842 RECEIVE CONTRIBUTIONS AND MAKE DISTRIBUTIONS NY 501(C)(3) LINE 12A, I US FUND FOR UNICEF 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1