America for Bulgaria Foundation
Nonprofit profile at a glance
- EIN
- 208076166
- IRS 990 coverage
- 2024–2025
- Forms available
- Form 990 2025, Form 990-T 2025, Form 990-N 2007
- Location
- Homer Glen, IL, USA
- Phone
- 8472640954
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Economic Development
Reported finances
- Revenue
- $20,343,714
- Expenses
- $496,538,069
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- DESISLAVA N TALIOKOVA (EXECUTIVE DIRECTOR)
Highest reported compensation
- NANCY L SCHILLER - CEO PRES (TREASURER, SECRETARY, DIRECTOR): $317,031 total reported compensation
- BOJANA I KOURTEVA (CHIEF FINANCIAL OFFICER): $155,913 total reported compensation
- SARAH M PERRINE - PROGRAM (DIRECTOR, ECONOMICALLY DISADVANTAGED): $123,458 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The america for bulgaria foundation seeks to enhance the longstanding legacy of goodwill and friendship between the american and bulgarian people and to promote united states-bulgaria people-to-people contacts.
What it reported doing in 2025
The abf approved 36 new grants during the six-month period ended june 30, 2025. These grants were made to organizations in bulgaria and in the USA whose activities support abf's mission. The grants were in the following main fields of work in which the abf operates: business, entrepreneurship and technology, business enabling environment, developing and retaining human capital, cultural heritage and nature tourism.the organization terminated and transferred all of its assets to a successor organization as of june 30, 2025.
Operating model
- Revenue model
- Investment-supported. 91% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 83
- Accountability: 96
- Sustainability: 11
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.5%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: 5 of 8 controls in place; rating input score 62
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Pass
- May suspend future funding: Fail
- Requires financial reports: Pass
- Conducts site visits: Pass
- Requires grant agreements: Pass
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 92.9%; rating input score 93; 22nd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2,340.7%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0.2%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 188% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: -2.5% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.5% of spending went to programs
- Governance: 13 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $493.9M in reported program spending
- Leadership: top reported pay $317K · 17 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $779K reported
- Consistency: 37 of 37 current checks pass
- Schedules: 8 filed schedules · includes foreign activity, grants, executive pay, and related organizations
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Transparency & Controls: Foreign activity oversight: 3 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.