Bosnian-herzegovinian-american Academy of Arts and Sciences Inc

Nonprofit profile at a glance

EIN
261944571
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Louisville, KY, USA
Phone
5022994183
Rating
97
Verdict
STRONG
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Reported finances

Revenue
$141,089
Expenses
$157,056
Assets
$121,548
Liabilities
$12,071

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

People named in this filing

  • DJENITA PASIC (ADVISORY MEMBER)
  • MAHIRA TANOVIC (BOARD MEMBER)
  • EMIR FESTIC (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bhaaas aims to establish and strengthen links between bosnian-herzegovinian scientists, artists, and professionals in the diaspora, and to build bridges of cooperation with bosnia and herzegovina and in the broader region by valuing the spirit of intellectual diversity and the free exchange of ideas. Bhaaas members contribute their knowledge and experience for the benefit of its members as well as the citizens of bosnia and herzegovina and its future generations. Bhaaas' guiding principle is that knowledge is shareable wealth.

What it reported doing in 2024

The mission of the bhaas is to develop and advance the arts and sciences within the bosnian-herzegovinian diaspora and in bosnia and herzegovina.

Operating model

Revenue model
Donor-supported. 61% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -11.3%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0.77; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 28.7% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 9.8% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $157K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • 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 14/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.