Overview
What is Sofia American Schools Inc?
Sofia American Schools Inc is a nonprofit organization based in New York, New York. Its primary mission is to provide quality education to Bulgarian youth, incorporating American pedagogical practices with the rich educational traditions of Bulgaria and Europe. The organization operates the American College of Sofia, an elite, co-educational secondary school in Bulgaria, where English is the primary language of instruction. The school offers a rigorous curriculum, supplemented by a variety of elective courses and extracurricular activities. It welcomes students of diverse nationalities, races, and faiths, believing that this diversity enriches the learning experience for all. The American College of Sofia aspires to prepare students to meet the demanding criteria of any university worldwide, fostering critical thinking skills, respectful dialogue, and lifelong learning. With approximately 39 employees, the organization's goal is to equip students with sensitivity to the global human condition and environmental issues, cherish democratic values, and become responsible citizens and leaders.
Official website here: www.acs.bg
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Sofia American Schools Inc has achieved a significant rating of 96%, indicating a strong commitment to accountability and financial management. This rating is derived entirely from a comprehensive assessment of their financial practices and governance. The organization has demonstrated excellence in having a fully independent board, with 20 members, and strong oversight mechanisms in place, reflected in their high scores in various accountability metrics.
The organization excels particularly in its financial statements and policies, scoring full points in areas such as conflict of interest and whistleblower policies. Their program expense ratio of 72.16% suggests that a substantial portion of their budget is directed towards programs rather than administrative costs, highlighting their focus on mission-driven work.
While the data reflects strong governance and financial health, potential donors and partners should always consider engaging directly with the organization for a complete understanding of their impact and initiatives. Overall, Sofia American Schools Inc presents itself as a well-managed nonprofit that prioritizes transparency and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Sofia American Schools Inc legitimate?
Sofia American Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sofia American Schools Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $340,882
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,186,374
For more financial information, click here
Official website here: www.acs.bg
What is the mission statement of Sofia American Schools Inc?
Sofia American Schools Inc, through its American College of Sofia, is committed to providing quality education. This independent, highly selective, co-educational not-for-profit secondary school aims to educate Bulgarian youth, but also welcomes qualified students from various nationalities, races, and faiths. The college's curriculum is rigorous, with English as the primary language of instruction, and is enriched by a variety of elective courses and extra-curricular activities. The college integrates American pedagogy with Bulgarian and European educational traditions, preparing students to meet the demanding criteria of any university worldwide. It encourages critical thinking, fosters respectful exchanges of diverse opinions, and nurtures enthusiastic lifelong learners. Students are taught to demonstrate sensitivity to the global human condition and the environment, cherish democratic values, and become responsible citizens and leaders.
Official website here: www.acs.bg
Who is the CEO of Sofia American Schools Inc?
Katherine Georgiev is the Treasurer of Sofia American Schools Inc.
Official website here: www.acs.bg
What is the revenue of Sofia American Schools Inc?
Sofia American Schools Inc's revenue in 2022 was $9,243,375.
Official website here: www.acs.bg
Who are the executives of Sofia American Schools Inc and what are their salaries?
The average compensation at Sofia American Schools Inc during 2022 was $116,083. There are 39 employees and 22 volunteers at Sofia American Schools Inc.
Here are 23 key members and their salaries:
- Compensation: $90,000
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- Other: $89,225
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Official website here: www.acs.bg
Where can I find the form 990 for Sofia American Schools Inc?
Sofia American Schools Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acs.bg
Learn more at the official website: www.acs.bg
Mission Statement of Sofia American Schools Inc
Sofia American Schools Inc, a renowned educational institution, was established with the sole purpose of providing quality education to Bulgarian youths. The organization's mission is deeply rooted in this objective, striving to educate young individuals and prepare them for the rigors of higher education worldwide. Located in Bulgaria, the school operates the American College of Sofia, a highly selective, co-educational, not-for-profit secondary school. English serves as the primary language of instruction, and the curriculum is enriched by a variety of elective courses and extracurricular activities.
The American College of Sofia embraces the values and best practices of American pedagogy, seamlessly integrating them with the rich educational traditions of Bulgaria and Europe. This unique blend allows the school to provide a comprehensive education that prepares students to meet the most demanding criteria of any university globally. The college fosters critical thinking skills, encourages respectful exchanges of diverse opinions, and inspires students to become enthusiastic lifelong learners. By doing so, students develop a sensitivity towards the global human condition and the environment, cherish democratic values, and strive to become responsible citizens and leaders.
Sofia American Schools Inc extends its educational opportunities beyond Bulgarian youths, welcoming qualified students of all nationalities, races, and faiths. This diverse student body enriches the learning environment, fostering a global perspective and promoting understanding among different cultures. The school's mission is a testament to its commitment to providing high-quality education and shaping future leaders who are globally aware and culturally sensitive.
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Impact
October, 2024
Sofia American Schools Inc significantly impacts education in Bulgaria by operating the American College of Sofia, a highly selective co-educational secondary school. This institution provides a rigorous academic program predominantly in English, blending American pedagogical practices with Bulgaria's rich educational traditions. By focusing primarily on Bulgarian youth while welcoming students of all nationalities, the school fosters a diverse learning environment that enriches educational experiences for all.
The college emphasizes critical thinking, respectful dialogue, and lifelong learning, equipping students with the skills necessary to excel in any global university setting. Moreover, it instills values such as sensitivity to global challenges, appreciation for democratic principles, and a commitment to responsible citizenship and leadership. Through its comprehensive curriculum, extra-curricular activities, and enrichment programs, Sofia American Schools Inc plays a crucial role in shaping well-rounded, knowledgeable, and socially responsible individuals who are prepared to contribute positively to society.
This information is meant to be a general summary of Sofia American Schools Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $50,561
- Program Service Revenue: $7,925,767
- Gross Receipts: $9,243,375
Assets and Liabilities:
- Total Assets: $19,078,825
- Total Liabilities: $2,755,945
- Net Assets: $16,322,880
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$7,925,767
Organization Details
Founding Year
1926
Phone
(212) 944-7733Principal Officer
Katherine Georgiev
Main Address
1430 BROADWAY 1105, NEW YORK, NY, 10018
Website
www.acs.bgNTEE Category
Code: Q300 - International
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