Nonprofit · EIN 13-6400773
SOFIA AMERICAN SCHOOLS INC
Tax-exempt · CHESTNUT HILL, MA 02467
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,209,011 | $11,845,185 | -$636,174 | $19,937,904 | $3,065,781 | $16,872,123 |
| December 31, 2023 | 990 | $10,537,119 | $9,941,004 | $596,115 | $19,687,568 | $2,487,671 | $17,199,897 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $637,153
- Program service revenue
- $10,454,478
- Investment income
- $117,380
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,608,924
- Compensation of officers, directors and key employees
- $299,705
- Other salaries and wages
- $5,334,697
- Salaries, compensation and benefits (total)
- $6,938,729
- Professional fundraising fees
- $0
- Legal fees
- $38,288
- Accounting fees
- $141,264
- Occupancy
- $786,837
- Depreciation
- $918,323
- Program services (functional)
- $10,101,906
- Management and general (functional)
- $1,743,279
Balance sheet and other
- Total assets, start of year
- $19,687,568
- Total assets, end of year
- $19,937,904
- Total liabilities, end of year
- $3,065,781
- Net assets, end of year
- $16,872,123
- Land, buildings and equipment
- $12,210,577
- Publicly traded securities
- $3,364,805
- Net assets without donor restrictions
- $15,153,605
- Net assets with donor restrictions
- $1,718,518
- Gross receipts
- $11,209,011
- Employees
- 37
- Volunteers
- 21
- Year formed
- 1926
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EMILY SARGENT BEASLEY | PRESIDENT Officer | 40 | $185,196 | $92,971 | $21,538 |
| THEODORA KONETSOVSKA | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SAM SEYMOUR | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| KATHERINE GEORGIEV | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DAVID WILSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| AVIS BOHLEN | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| WILLIAM WILLIAMS | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| BORIS STATEV | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| BORISLAV STEFANOV | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTOPHER DELL | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| FRANK BAUER | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| JOEL STUDEBAKER | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| KAREN COLLIAS | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| MARCIE RIES | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| DIMITER HRISTOV | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NEDKO KYUCHUKOV | TRUSTEE Trustee or director | 2 | $0 |
| NELLIE GIPSON | TRUSTEE Trustee or director | 2 | $0 |
| ROGER WHITAKER | TRUSTEE Trustee or director | 2 | $0 |
| THOMAS MARSHALL | TRUSTEE Trustee or director | 2 | $0 |
| TRAYAN TRAYANOV | TRUSTEE Trustee or director | 2 | $0 |
| VALENTIN GEORGIEV | TRUSTEE Trustee or director | 2 | $0 |
| VESSELIN ARNAUDOV | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EMILY SARGENT-BEASLEY | President Officer | 40 | $183,449 | $91,406 |
| RICHARD EWING | – | 0 | $30,000 | $10,468 |
| CHRIS DELL | Trustee Trustee or director | 1 | $0 | $0 |
| Avis Bohlen | Trustee Trustee or director | 1 | $0 | $0 |
| BORISLAV STEFANOV | Trustee Trustee or director | 1 | $0 | $0 |
| BORIS STATEV | Trustee Trustee or director | 1 | $0 | $0 |
| FRANK BAUER | Trustee Trustee or director | 1 | $0 | $0 |
| Joel Studebaker | Trustee Trustee or director | 1 | $0 | $0 |
| Karen Collias | Trustee Trustee or director | 1 | $0 | $0 |
| Katherine Georgiev | Treasurer Trustee or director, Officer | 10 | $0 | $0 |
| Marcie Ries | Trustee Trustee or director | 1 | $0 | $0 |
| Nedko Kyuchukov | Trustee Trustee or director | 1 | $0 | $0 |
| Nellie Gipson | Trustee Trustee or director | 1 | $0 | $0 |
| Roger Whitaker | Trustee Trustee or director | 1 | $0 | $0 |
| Sam Seymour | VICE CHAIR Trustee or director | 10 | $0 | $0 |
| Tom Marshall | Trustee Trustee or director | 1 | $0 | $0 |
| Trayan Trayanov | Trustee Trustee or director | 1 | $0 | $0 |
| Valentin Georgiev | Trustee Trustee or director | 1 | $0 | $0 |
| Theodora Konetsovska | Chairman Officer | 10 | $0 | $0 |
| WILLIAM WILLIAMS | Trustee Officer | 1 | $0 | $0 |
| Dave Wilson | Secretary Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 12 MIDDLESEX RD, CHESTNUT HILL, MA 02467-6700
- Principal officer (990 for 2024)
- EMILY SARGENT BEASLEY, 12 MIDDLESEX ROAD PO BOX 67039, CHESTNUT HILL, MA 02467
- Signed the 990
- THEODORA KONETSOVSKA, CHAIR
- Phone
- (212) 944-7733
- Website
- HTTPS://WWW.ACS.BG/
- Return prepared by
- AAFCPAS INC
Mission
THE ORGANIZATION WAS CREATED FOR THE SOLE PURPOSE OF PROVIDING EDUCATION FOR BULGARIAN YOUTHS.
Program accomplishments
- SEE SCHEDULE OTHE ORGANIZATION OPERATES THE AMERICAN COLLEGE OF SOFIA, AN INDEPENDENT, HIGHLY SELECTIVE, CO-EDUCATIONAL NOT-FOR-PROFIT SECONDARY SCHOOL IN BULGARIA. WITH ENGLISH AS THE PRIMARY LANGUAGE OF INSTRUCTION, THE COLLEGE OFFERS A RIGOROUS CORE CURRICULUM ENRICHED BY AN ARRAY OF ELECTIVE COURSES AND EXTRA-CURRICULAR ACTIVITIES. WHILE THE COLLEGE'S PRIMARY MISSION IS TO EDUCATE BULGARIAN YOUTH, IT EMBRACES QUALIFIED STUDENTS OF ALL NATIONALITIES, RACES, AND FAITHS IN BELIEF THAT A WIDE VARIETY OF STUDENTS WILL ENRICH EDUCATIONAL OPPORTUNITIES FOR ALL. THE COLLEGE INTEGRATES THE VALUES AND BEST PRACTICES OF AMERCAN PEDAGOGY WITH THE RICH EDUCATIONAL TRADITIONS OF BULGARIA AND EUROPE. IT ASPIRES TO PREPARE STUDENTS TO MEET THE MOST DEMANDING CRITERIA OF ANY UNIVERSITY IN THE WORLD. THE COLLEGE ENABLES STUDENTS TO DEVELOP CRITICAL THINKING SKILLS, PARTICIPATE IN RESPECTFUL EXCHANGES OF DIVERSE OPINIONS, AND BECOME ENTHUSIASTIC LIFELONG LEARNERS. IN SO DOING, STUDENTS WILL LEARN TO DEMONSTRATE SENSITIVITY TO THE GLOBAL HUMAN CONDITION AND THE ENVIRONMENT, CHERISH DEMOCRATIC VALUES, AND BECOME RESPONSIBLE CITIZENS AND LEADERS.Expenses $10,101,906 · grants $1,608,924 · revenue $10,454,478
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-6400773
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1947
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q300)
- Assets (IRS master file)
- $19,937,904
- Income (IRS master file)
- $11,209,011
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,209,011 | $11,845,185 | $19,937,904 | XML |
| 990 | December 2023 | $10,537,119 | $9,941,004 | $19,687,568 | XML |
| 990 | December 2022 | $9,243,375 | $9,235,467 | $19,078,825 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-6400773).
Questions about SOFIA AMERICAN SCHOOLS INC
- What is the EIN of SOFIA AMERICAN SCHOOLS INC?
- The employer identification number (EIN) of SOFIA AMERICAN SCHOOLS INC is 13-6400773.
- Is SOFIA AMERICAN SCHOOLS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1947.
- Are donations to SOFIA AMERICAN SCHOOLS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOFIA AMERICAN SCHOOLS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOFIA AMERICAN SCHOOLS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOFIA AMERICAN SCHOOLS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOFIA AMERICAN SCHOOLS INC?
- The 990 for the year ended December 31, 2024 names EMILY SARGENT BEASLEY.
- Who are the officers and directors of SOFIA AMERICAN SCHOOLS INC?
- The 990 for the year ended December 31, 2024 lists 22 people; 1 received compensation from the organization, the highest $185,196 (EMILY SARGENT BEASLEY, PRESIDENT).
- How much revenue does SOFIA AMERICAN SCHOOLS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,209,011, expenses of $11,845,185 and total assets of $19,937,904 at year end.
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