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Nonprofit · EIN 83-3952884

BULGARIA INNOVATION HUB INC

Tax-exempt · SAN FRANCISCO, CA 94111

Financials

$267K$288K2023$431K$401K2024
Revenue Expenses · by fiscal year end
Financials of BULGARIA INNOVATION HUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$430,664$401,297$29,367$53,667$57,884-$4,217
December 31, 2023990$267,003$288,078-$21,075$24,301$59,785-$35,484
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$385,664
Program service revenue
$45,000
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$207,335
Salaries, compensation and benefits (total)
$258,594
Professional fundraising fees
$0
Legal fees
$14,482
Accounting fees
$17,818
Travel
$30,288
Depreciation
$1,175
Program services (functional)
$385,601
Management and general (functional)
$15,696

Balance sheet and other

Total assets, start of year
$24,301
Total assets, end of year
$53,667
Total liabilities, end of year
$57,884
Net assets, end of year
-$4,217
Land, buildings and equipment
$1,723
Net assets without donor restrictions
-$43,063
Net assets with donor restrictions
$38,846
Gross receipts
$430,664
Employees
1
Volunteers
25
Year formed
2019
State of legal domicile
CA

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.

NameTitleHours / weekCompensationOther / benefits
PAVLINA YANAKIEVAEXECUTIVE DIRECTOR
Trustee or director, Officer
40$175,000$32,335
BOGOMIL BALKANSKYPRESIDENT
Trustee or director, Officer
3$0$0
IVAN DIMOVTREASURER
Trustee or director, Officer
3$0$0
PRESSIAN KARAKOSTOVSECRETARY
Trustee or director, Officer
3$0$0
GALINA ANTOVABOARD MEMBER
Trustee or director
3$0$0
RIKA NAKAZAWABOARD MEMBER
Trustee or director
3$0$0
SIMEON SIMEONOVBOARD MEMBER
Trustee or director
3$0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
PAVLINA YANAKIEVAEXECUTIVE DIRECTOR
Trustee or director, Officer
40$151,350
BOGOMIL BALKANSKYPRESIDENT
Trustee or director, Officer
3$0
VASSIL TERZIEVSECRETARY
Trustee or director, Officer
3$0
IVAN DIMOVTREASURER
Trustee or director, Officer
3$0

Address and contacts

Address (IRS master file)
100 PINE ST STE 1250, SAN FRANCISCO, CA 94111-5235
In care of
% SIMEON SIMEONOV SIMEONOV
Principal officer (990 for 2024)
SIMEON SIMEONOV, 639 LAIRD LN, LAFAYETTE, CA 94549
Signed the 990
SIMEON SIMEONOV, BOARD MEMBER
Phone
(650) 576-3951
Return prepared by
EASY OFFICE DBA JITASA

California records

California keeps its own records of charities and corporations. Search them by EIN 83-3952884 or by the name BULGARIA INNOVATION HUB INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

DRIVING INNOVATION, GROWTH, AND HUMAN DEVELOPMENT THROUGH KNOWLEDGE EXCHANGE AND CROSS-CULTURAL COLLABORATION.

990 for the year ended December 31, 2024

Program accomplishments

  • GENERAL PROGRAM - IN 2024, BIH CONDUCTED ITS ANNUAL ACCELERATOR PROGRAM IN A HYBRID FORMAT, CONSISTING OF TWO WEEKS OF VIRTUAL TRAINING AND ONE WEEK IN PERSON IN SILICON VALLEY. THE PROGRAM PROVIDED ENTREPRENEURIAL EDUCATION AND MENTORSHIP TO 9 COMPANIES AND MORE THAN 35 ENTREPRENEURS FROM BULGARIA AND SOUTHEASTERN EUROPE. PARTICIPANTS ENGAGED IN WORKSHOPS, BUSINESS TRAINING SESSIONS, AND FEEDBACK PRESENTATIONS WITH INDUSTRY MENTORS, EXPERTS, AND INVESTORS. THE PROGRAM CONCLUDED WITH A COMMUNITY EVENT, HOSTED WITH PARTNER ORGANIZATIONS, TO SHOWCASE PARTICIPANT PROGRESS AND FOSTER CLOSER CROSS-CULTURAL COLLABORATION AND KNOWLEDGE EXCHANGE. THIS INITIATIVE ADVANCED BIH'S CHARITABLE MISSION BY BUILDING SKILLS, EXPANDING NETWORKS, AND SUPPORTING ENTREPRENEURS IN ACCESSING OPPORTUNITIES TO GROW THEIR BUSINESSES AND CONTRIBUTE MEANINGFULLY TO THEIR COMMUNITIES.
    Expenses $385,601 · revenue $45,000

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-3952884
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$53,667
Income (IRS master file)
$430,664

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$430,664$401,297$53,667IRS
990December 2023$267,003$288,078$24,301XML
990December 2022$150,662$287,716$44,474IRS
990December 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2019–––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 83-3952884).

Questions about BULGARIA INNOVATION HUB INC

What is the EIN of BULGARIA INNOVATION HUB INC?
The employer identification number (EIN) of BULGARIA INNOVATION HUB INC is 83-3952884.
Is BULGARIA INNOVATION HUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to BULGARIA INNOVATION HUB INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BULGARIA INNOVATION HUB 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 BULGARIA INNOVATION HUB 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 BULGARIA INNOVATION HUB 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 BULGARIA INNOVATION HUB INC?
The 990 for the year ended December 31, 2024 names SIMEON SIMEONOV.
Who are the officers and directors of BULGARIA INNOVATION HUB INC?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $175,000 (PAVLINA YANAKIEVA, EXECUTIVE DIRECTOR).
How much revenue does BULGARIA INNOVATION HUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $430,664, expenses of $401,297 and total assets of $53,667 at year end.

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