Nonprofit · EIN 47-2221751
BULGARIAN TRADITIONS
Tax-exempt (reinstated) · PALATINE, IL 60074
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $156,574 | $178,875 | -$22,301 | $147,681 | $107,471 | $40,210 |
| December 31, 2024 | 990 | $162,669 | $151,095 | $11,574 | $162,048 | $101,636 | $60,412 |
| December 31, 2023 | 990 | $133,331 | $119,243 | $14,088 | $153,714 | $104,876 | $48,838 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $37,032
- Membership dues
- $37,032
- Program service revenue
- $91,575
- Investment income
- $2
- Net rental income
- $27,965
- Other revenue
- $27,965
Expenses
- Grants and similar amounts paid
- $201
- Salaries, compensation and benefits (total)
- $31,965
- Professional fundraising fees
- $0
- Legal fees
- $1,677
- Accounting fees
- $650
- Occupancy
- $91,400
- Travel
- $174
- Program services (functional)
- $178,875
Balance sheet and other
- Total assets, start of year
- $162,048
- Total assets, end of year
- $147,681
- Total liabilities, end of year
- $107,471
- Net assets, end of year
- $40,210
- Gross receipts
- $156,574
- Employees
- 0
- Year formed
- 2018
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER GEORGIEV | PRESIDENT Officer | 15 | $0 |
| RADOSTINA MILADINOVA | TREASURER Key employee | 5 | $0 |
| ANNA ILIEVA | SECRETARY Key employee | 5 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER GEORGIEV | PRESIDENT Officer | 15 | $0 |
| RADOSTINA MILADINOVA | TREASURER Key employee | 5 | $0 |
| ANNA ILIEVA | SECRETARY Key employee | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER GEORGIEV | PRESIDENT Officer | 15 | $0 |
| ANNA ILIEVA | SECRETARY Key employee | 5 | $0 |
| RADOSTINA MILADINOVA | TREASURER Key employee | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 945 E KENILWORTH AVE UNIT 402, PALATINE, IL 60074-6858
- In care of
- % PETER GEORGIEV
- Mailing address (990-N for 2021)
- 1120 S Elmhurst Rd, Mount Prospect IL 60056
- Principal officer (990 for 2025)
- PETER GEORGIEV, 945 E KENILWORTH AVE Ste 402, Palatine, IL 60074
- Principal officer (990-N for 2021)
- Peter Georgiev, 945 E Kenilworth Ave apt 402, Palatine IL 60074
- Signed the 990
- PETER GEORGIEV, PRESIDENT
- Phone
- (847) 962-3140
- Website
- www.bulgarica.org
- Return prepared by
- SAVINA TZANKOVA CPA
Mission
BULGARIAN CULTURAL PRESERVATION AND EDUCATION IN THE LOCAL BULGARIAN COMMUNITY. ORGANIZING ART AND VARIOUS CULTURAL EXHIBITIONS. ORGANIZING FOLK DANCE FESTIVALS.
Program accomplishments
- BULGARIAN CULTURAL PRESERVATION AND EDUCATION IN THE LOCAL BULGARIAN COMMUNITY. ORGANIZING ART AND VARIOUS CULTURAL EXHIBITIONS. ORGANIZING FOLK DANCE FESTIVALS.Expenses $178,875 · revenue $156,574
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 | 990 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
- 47-2221751
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $147,681
- Income (IRS master file)
- $156,574
Revocation and reinstatement
- Exemption revoked
- May 15, 2017
- Posted by the IRS
- June 2, 2018
- Reinstated
- Effective May 15, 2017
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 2025 | $156,574 | $178,875 | $147,681 | IRS |
| 990 | December 2024 | $162,669 | $151,095 | $162,048 | IRS |
| 990 | December 2023 | $133,331 | $119,243 | $153,714 | XML |
| 990 | December 2022 | $125,428 | $94,132 | $137,088 | IRS |
| 990-N for 2021 Officer: Peter Georgiev | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Peter Georgiev | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: PETER GEORGIEV | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-2221751).
Questions about BULGARIAN TRADITIONS
- What is the EIN of BULGARIAN TRADITIONS?
- The employer identification number (EIN) of BULGARIAN TRADITIONS is 47-2221751.
- Is BULGARIAN TRADITIONS tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2017 and reinstated it effective May 15, 2017.
- Are donations to BULGARIAN TRADITIONS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BULGARIAN TRADITIONS 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 BULGARIAN TRADITIONS due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BULGARIAN TRADITIONS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BULGARIAN TRADITIONS?
- The 990 for the year ended December 31, 2025 names PETER GEORGIEV.
- Who are the officers and directors of BULGARIAN TRADITIONS?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does BULGARIAN TRADITIONS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $156,574, expenses of $178,875 and total assets of $147,681 at year end.
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