Nonprofit · EIN 27-3040834
LITTLE BULGARIAN SCHOOL IN CHICAGO
Tax-exempt (reinstated) · DES PLAINES, IL 60016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $941,573 | $796,701 | $144,872 | $2,317,983 | $1,293,836 | $1,024,147 |
| December 31, 2023 | 990 | $837,118 | $747,776 | $89,342 | $2,260,372 | $1,343,392 | $916,980 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $303,616
- of which government grants
- $198,519
- Program service revenue
- $546,075
- Investment income
- $50
- Net rental income
- $91,832
- Other revenue
- $91,832
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $29,788
- Occupancy
- $151,322
- Depreciation
- $58,343
- Program services (functional)
- $480,867
- Management and general (functional)
- $260,106
- Fundraising (functional)
- $55,728
Balance sheet and other
- Total assets, start of year
- $2,260,372
- Total assets, end of year
- $2,317,983
- Total liabilities, end of year
- $1,293,836
- Net assets, end of year
- $1,024,147
- Land, buildings and equipment
- $1,832,429
- Net assets without donor restrictions
- $1,024,147
- Gross receipts
- $941,573
- Employees
- 0
- Year formed
- 2010
- State of legal domicile
- IL
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 |
|---|---|---|---|
| SIMONA SCHIOPU | DIRECTOR EDUCATIONAL PROGRAMS Officer | 0 | $11,550 |
| JIVKA BUBALOVA-PETROVA | DIRECTOR AND PRINCIPAL Officer | 0 | $9,750 |
| GEORGI BOSHNAKOV | DIRECTOR AND EVENTS MANAGER Trustee or director | 0 | $0 |
| IVAN KIRCHEV | DIRECTOR AND LEGAL ADVISOR Trustee or director | 0 | $0 |
| IVAN KIRCHEV | DIRECTOR OF FUNDRAISING Trustee or director | 0 | $0 |
| DANIEL ATANASSOV | DIRECTOR OF BUSINESS DEVELOPMENT Trustee or director | 0 | $0 |
| KONSTANTIN MARININOV | ART DIRECTOR Trustee or director | 0 | $0 |
| LUBOMIR KROULEV | TREASURER AND CFO Officer | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jivka Bubalova-Petrova | Director and Principal Officer | 20 | $16,200 |
| Simona Schiopu | Director and Vice Principal Officer | 20 | $12,600 |
| Gueorgui Jelev Petrov | President Officer | 20 | $9,450 |
| Georgi Boshnakov | Director Trustee or director | 10 | $0 |
| Ivan Kirchev | Director and Legal Advisor Trustee or director | 20 | $0 |
| Mihail Mihailov | Director Trustee or director | 10 | $0 |
| Lubomir Kroulev | Director and Treasurer Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 832 LEE ST, DES PLAINES, IL 60016-6408
- In care of
- % LUBOMIR KROULEV
- Signed the 990
- LUBOMIR KROULEV, TREASURER AND CFO
- Phone
- (224) 659-0617
- Return prepared by
- Antonova Tax Inc
Mission
TEACH BULGARIAN LANGUAGE AND HISTORY
Program accomplishments
- TEACHING THE LANGUAGE, HISTORY, CUSTOMS OF BULGARIAN CULTURE TO STUDENTS IN THE USAExpenses $480,867 · revenue $546,075
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
- 27-3040834
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $2,317,983
- Income (IRS master file)
- $941,573
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- August 12, 2013
- Reinstated
- Effective May 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $941,573 | $796,701 | $2,317,983 | XML |
| 990 | December 2023 | $837,118 | $747,776 | $2,260,372 | XML |
| 990 | December 2022 | $695,542 | $695,394 | $2,080,912 | 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 27-3040834).
Questions about LITTLE BULGARIAN SCHOOL IN CHICAGO
- What is the EIN of LITTLE BULGARIAN SCHOOL IN CHICAGO?
- The employer identification number (EIN) of LITTLE BULGARIAN SCHOOL IN CHICAGO is 27-3040834.
- Is LITTLE BULGARIAN SCHOOL IN CHICAGO tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
- Are donations to LITTLE BULGARIAN SCHOOL IN CHICAGO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LITTLE BULGARIAN SCHOOL IN CHICAGO 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 LITTLE BULGARIAN SCHOOL IN CHICAGO 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 LITTLE BULGARIAN SCHOOL IN CHICAGO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of LITTLE BULGARIAN SCHOOL IN CHICAGO?
- The 990 for the year ended December 31, 2024 lists 8 people; 2 received compensation from the organization, the highest $11,550 (SIMONA SCHIOPU, DIRECTOR EDUCATIONAL PROGRAMS).
- How much revenue does LITTLE BULGARIAN SCHOOL IN CHICAGO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $941,573, expenses of $796,701 and total assets of $2,317,983 at year end.
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