Nonprofit · EIN 20-0361839
AMERICAN FOUNDATION FOR BULGARIA INC
Tax-exempt · BOSTON, MA 02116
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $697,433 | $751,692 | -$54,259 | $1,816,066 | $7,315 | $1,808,751 |
| December 31, 2023 | 990 | $725,854 | $793,089 | -$67,235 | $1,870,325 | $7,315 | $1,863,010 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $331,659
- of which government grants
- $47,051
- Program service revenue
- $0
- Investment income
- $356,992
- Net gain from sales of assets
- $335,619
- Net income from fundraising events
- $8,782
- Other revenue
- $8,782
Expenses
- Grants and similar amounts paid
- $497,032
- Compensation of officers, directors and key employees
- $34,792
- Other salaries and wages
- $26,638
- Salaries, compensation and benefits (total)
- $83,272
- Professional fundraising fees
- $0
- Accounting fees
- $23,582
- Occupancy
- $24,513
- Travel
- $6,309
- Depreciation
- $1,963
- Program services (functional)
- $706,573
- Management and general (functional)
- $45,119
Balance sheet and other
- Total assets, start of year
- $1,870,325
- Total assets, end of year
- $1,816,066
- Total liabilities, end of year
- $7,315
- Net assets, end of year
- $1,808,751
- Land, buildings and equipment
- $20,264
- Publicly traded securities
- $382,512
- Net assets without donor restrictions
- $1,808,751
- Gross receipts
- $888,390
- Employees
- 0
- Volunteers
- 30
- Year formed
- 2003
- 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 |
|---|---|---|---|
| Alexey Hristov | Director Trustee or director | 4 | $34,792 |
| Theodore Vassilev | Executive Director Trustee or director, Officer, Key employee | 4 | $0 |
| Peter Boyvalenkov | Director Trustee or director | 1 | $0 |
| Kathleen T Bailey | Director Trustee or director | 1 | $0 |
| Elena Poptodorova | Director Trustee or director | 1 | $0 |
| Svetoslav Ovcharov | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alexey Hristov | Director Trustee or director | 4 | $35,134 |
| Theodore Vassilev | Executive Director Trustee or director, Officer, Key employee | 4 | $0 |
| Peter Boyvalenkov | Director Trustee or director | 1 | $0 |
| Kathleen T Bailey | Director Trustee or director | 1 | $0 |
| Elena Poptodorova | Director Trustee or director | 1 | $0 |
| Svetoslav Ovcharov | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 167 NEWBURY STREET, BOSTON, MA 02116-6700
- Principal officer (990 for 2024)
- Theodore Vassilev, 27 East 65th Street Apt 4F, NEW YORK, NY 10065
- Signed the 990
- Theodore Vassilev, Executive Director
- Phone
- (212) 842-1228
- Return prepared by
- James Associates
Mission
Promote a broader understanding of Bulgaria by Americans.
Program accomplishments
- To sponsor and organize conferences, seminars in the field of sciences, arts and culture as well as facilitate exchange between Bulgaria and the USA in the above.Expenses $706,573 · grants $497,032 · revenue $262,436
- To sponsor reseach and educational and cultural projects in both Bulgaria and the USA.0
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
- 20-0361839
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $1,816,066
- Income (IRS master file)
- $888,390
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $697,433 | $751,692 | $1,816,066 | XML |
| 990 | December 2023 | $725,854 | $793,089 | $1,870,325 | XML |
| 990 | December 2022 | $554,771 | $642,063 | $1,937,563 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 20-0361839).
Questions about AMERICAN FOUNDATION FOR BULGARIA INC
- What is the EIN of AMERICAN FOUNDATION FOR BULGARIA INC?
- The employer identification number (EIN) of AMERICAN FOUNDATION FOR BULGARIA INC is 20-0361839.
- Is AMERICAN FOUNDATION FOR BULGARIA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to AMERICAN FOUNDATION FOR BULGARIA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN FOUNDATION FOR BULGARIA 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 AMERICAN FOUNDATION FOR BULGARIA 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 AMERICAN FOUNDATION FOR BULGARIA 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 AMERICAN FOUNDATION FOR BULGARIA INC?
- The 990 for the year ended December 31, 2024 names Theodore Vassilev.
- Who are the officers and directors of AMERICAN FOUNDATION FOR BULGARIA INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $34,792 (Alexey Hristov, Director).
- How much revenue does AMERICAN FOUNDATION FOR BULGARIA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $697,433, expenses of $751,692 and total assets of $1,816,066 at year end.
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