Bulgarian-American Business Center
- Assets
- $225.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 54-1642851
Organization Overview
Bulgarian-American Business Center is located in Fairfax, VA. The organization was established in 1994. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bulgarian-American Business Center is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Bulgarian-American Business Center generated $34.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $50.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CONTINUED CONNECTING AMERICAN AND BULGARIAN BUSINESSES IN THE FIELD OF EDUCATION, MEDICINE, AGRICULTURE AND OTHER AREAS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $6,800 |
| Investment income | $63 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $34,863 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,002 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,327 |
| Other expenses | $26,407 |
| Total expenses | $50,736 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $225,137 |
| Other assets | $0 |
| Total assets | $225,137 |
| Total liabilities | $0 |
| Net assets or fund balances | $225,137 |
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