Bulgarian Cultural Center
Nonprofit profile at a glance
- EIN
- 451488935
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Troy, MI, USA
- Phone
- 5862198710
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $64,747
- Expenses
- $63,746
- Assets
- $137,598
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- VELESLAV NATCHEV (PRESIDENT)
People named in this filing
- VELESLAV NATCHEV (PRESIDENT)
- DANIELA NATCHEVA (PUBLIC RELAT)
- MARINELA ZGOUROV (TREASURER)
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
The mission of the bulgarian cultural center is to preserve bulgarian culture and traditions in the greater detroit area by organizing cultural events, hosting performances, and engaging in community outreach.
What it reported doing in 2025
Support for bulgarian language and traditions for children as well as performances and cultural events to enhance cultural engagement and celebrate bulgarian heritage.
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 97% 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: 92
- Transparency & Controls: 100
- Sustainability: 43
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.3%; rating input score 91
- Program expense ratio: 92.6%; rating input score 93
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 1.5%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 2.16; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 9.7%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 7.5% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: -46.8% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 0.7% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 91.3% of revenue deployed · 92.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $59K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Sustainability: Operating margin scored 47/100.
- High — Sustainability: Officer compensation ratio scored 10/100.