American University In Bulgaria
- Assets
- $31.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 25
- Location
- Houston, TX
- Founding
- 09/1992
- Data as of
- 06/2022
- EIN
- 01-0466768
Organization Overview
American University In Bulgaria is located in Houston, TX. The organization was established in 1992. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, American University In Bulgaria employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American University In Bulgaria is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, American University In Bulgaria generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 7.1% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AMERICAN UNIVERSITY IN BULGARIA IS TO EDUCATE STUDENTS OF OUTSTANDING POTENTIAL IN A COMMUNITY OF ACADEMIC EXCELLENCE, DIVERSITY AND RESPECT, AND TO PREPARE THEM FOR DEMOCRATIC AND ETHICAL LEADERSHIP IN SERVING THE NEEDS OF THE REGION AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: THE AMERICAN UNIVERSITY IN BULGARIA OFFERS STUDENTS AN AMERICAN-STYLE EDUCATION STEEPED IN THE TRADITION OF LIBERAL LEARNING AND CHARACTERIZED BY CLOSE STUDENT-FACULTY ENGAGEMENT, A RESIDENTIAL-LIFE EXPERIENCE, AND THE OPPORTUNITY TO INTERACT WITH A DIVERSE STUDENT BODY. THE UNIVERSITY IS DEDICATED TO EDUCATION IN THE DEMOCRATIC TRADITION, WITH AN EMPHASIS ON OPEN DIALOGUE, CHOICE OF COURSES, AND PROTECTION OF ACADEMIC FREEDOM. APPROXIMATELY 217 BACHELOR DEGREE STUDENTS GRADUATED IN MAY 2022 AND JOINED THE OVER 5067 ALUMNI WORKING AND GOING TO GRADUATE SCHOOLS WORLD-WIDE. THEY ARE CONTRIBUTING TO THE ECONOMIC, POLITICAL, AND SOCIAL DEVELOPMENT OF OVER 43 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Evans President | Officer | 39 | $245,700 |
Edward Alan Friedman Trustee; Teacher At The Aubg Bachelor Program | Trustee | 2 | $750 |
Michael D Marvin Chair Of The Board Of Trustees | Trustee | 1 | $0 |
Victoria Entwistle Trustees | Trustee | 1 | $0 |
Reggie Chandra Trustee | Trustee | 1 | $0 |
Svetoslav Georgiev Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,876,000 |
| Noncash contributions included in lines 1a–1f | $3,961 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,876,000 |
| Total Program Service Revenue | $419,000 |
| Investment income | $1,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,296,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $70,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,584,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $920,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $134,000 |
| Payroll taxes | $65,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,000 |
| Advertising and promotion | $0 |
| Office expenses | $32,000 |
| Information technology | $204,000 |
| Royalties | $0 |
| Occupancy | $4,000 |
| Travel | $41,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,000 |
| Interest | $41,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $47,000 |
| All other expenses | $30,000 |
| Total functional expenses | $3,288,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,986,000 |
| Pledges and grants receivable | $1,667,000 |
| Accounts receivable, net | $88,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $25,690,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,431,000 |
| Accounts payable and accrued expenses | $13,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $786,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $799,000 |
| Net assets without donor restrictions | $22,974,000 |
| Net assets with donor restrictions | $7,658,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $31,431,000 |