Overview
What is American Foundation For Bulgaria Inc?
American Foundation for Bulgaria Inc, based in Boston, Massachusetts, is a nonprofit organization with a mission to foster a broader understanding of Bulgaria among Americans. They accomplish this by sponsoring and organizing conferences and seminars in the fields of sciences, arts, and culture. Furthermore, they facilitate exchanges between Bulgaria and the United States, promoting mutual enrichment and cultural understanding. Their activities aim to serve as a bridge, strengthening connections between the two nations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The American Foundation for Bulgaria Inc has achieved a score of 82%, which reflects a commendable level of accountability and financial health. The rating is based solely on the Accountability & Finance beacon, indicating that the organization operates with a high level of transparency and efficiency, which is crucial for potential donors and stakeholders.
Strengths of the organization include a fully independent board, with 83% of its members being independent, and a low liabilities to assets ratio of 0.37%, showcasing strong financial stability. The charity also demonstrates strong program expenditure, with nearly 94% of its budget dedicated to program expenses, indicating a focus on effectively serving its mission.
While the charity shows robust financial practices and governance, the rating does not cover other areas such as operational effectiveness or impact metrics. This could be a consideration for donors looking for a more holistic view of the charity's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is American Foundation For Bulgaria Inc legitimate?
American Foundation For Bulgaria Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Foundation For Bulgaria 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: $26,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,962
For more financial information, click here
What is the mission statement of American Foundation For Bulgaria Inc?
The American Foundation for Bulgaria Inc is dedicated to fostering a wider appreciation of Bulgaria among Americans. To achieve this, the organization sponsors and organizes conferences and seminars in various fields such as sciences, arts, and culture. Furthermore, they facilitate exchanges between Bulgaria and the United States in these areas. Their primary mission is to promote a broader understanding of Bulgaria among the American population.
Who is the CEO of American Foundation For Bulgaria Inc?
Theodore Vassilev is the Executive Director of American Foundation For Bulgaria Inc.
What is the revenue of American Foundation For Bulgaria Inc?
American Foundation For Bulgaria Inc's revenue in 2022 was $554,771.
Who are the executives of American Foundation For Bulgaria Inc and what are their salaries?
There 30 volunteers at American Foundation For Bulgaria Inc.
Here are 6 key members and their salaries:
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- Other: $0
- Compensation: $26,000
- Related: $0
- Other: $0
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Where can I find the form 990 for American Foundation For Bulgaria Inc?
American Foundation For Bulgaria Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Foundation For Bulgaria Inc
The American Foundation for Bulgaria Inc is dedicated to fostering a deeper appreciation of Bulgaria among Americans. With this mission in mind, the organization sponsors and organizes a variety of conferences and seminars in the realms of sciences, arts, and culture. By facilitating exchanges between Bulgaria and the United States in these areas, the American Foundation for Bulgaria Inc aims to bridge the gap in understanding between the two nations. This nonprofit's activities are centered around promoting a broader understanding of Bulgaria among the American population, ultimately fostering a more interconnected and informed global community.
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Impact
July, 2024
The American Foundation For Bulgaria Inc promotes a broader understanding of Bulgaria by Americans through sponsoring and organizing conferences, seminars in the field of sciences, arts, and culture, as well as facilitating exchanges between Bulgaria and the USA in these areas. This helps to enhance cross-cultural awareness and knowledge sharing, contributing to educational initiatives that bridge the gap between the two countries.
This information is meant to be a general summary of American Foundation For Bulgaria 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: $254,697
- Gross Receipts: $721,472
Assets and Liabilities:
- Total Assets: $1,937,563
- Total Liabilities: $7,315
- Net Assets: $1,930,248
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Organization Details
Founding Year
2003
Phone
(212) 842-1228Principal Officer
Theodore Vassilev
Main Address
167 NEWBURY STREET, BOSTON, MA, 02116
NTEE Category
Code: B90 - Education
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