Bulgarian Arts and Cultural Exchange

Nonprofit profile at a glance

EIN
933111879
IRS 990-EZ coverage
2025–2025
Forms available
Form 990 2024, Form 990-EZ 2025
Location
Kildeer, IL, USA
Phone
7084156985
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Reported finances

Revenue
$196,128
Expenses
$216,858
Assets
$5,737
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • IVELINA ANGELOV (PRESIDENT)
  • VALENTIN Zografov (Vice President)

People named in this filing

  • IVELINA ANGELOV (PRESIDENT)
  • VALENTIN Zografov (Vice President)
  • NICK ANGELOV (TREASURER AND SECRETARY)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To preserve and promote Bulgarian cultural heritage in the United States through educational, artistic, and community programs, including cultural festivals, concerts, theatrical performances, educational seminars, and community events serving the Bulgarian-American community.

What it reported doing in 2025

Organized and presented cultural, educational, and artistic programs promoting Bulgarian heritage in the United States, including concerts, theatrical performances, community festivals, parades, educational seminars, and cultural celebrations. Programs served the Bulgarian-American community and the general public through events that preserved and promoted Bulgarian culture, traditions, language, and arts.

Operating model

Revenue model
Earned-program. 64% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% 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. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 93
  • Sustainability: 19
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.7%; rating input score 97
  • Program expense ratio: 87.5%; rating input score 87

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 3rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -10.6%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -34.9% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -191.5% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 96.7% of revenue deployed · 87.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $190K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.