AMERICAN RESEARCH CENTER IN BULGARIA INC

EIN: 473141019 501(c)(3) Education

HERNDON, VA

Total Revenue
$27,547
Total Expenses
$26,629
Total Assets
$924
Net Assets
$924
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
NORA DIMITROVA CLINTON
Phone
6072799668
Tax Period
2022-01-01 to 2022-12-31

AMERICAN RESEARCH CENTER IN BULGARIA INC is a micro nonprofit in the Education sector that reported $28K in total revenue in fiscal year 2022. Expenses of $27K left a modest 3% surplus.

Mission

THE PURPOSE OF THE AMERICAN RESEARCH CENTER IN BULGARIA, INC. (ARCB) IS TO PROVIDE SUPPORT TO: (1) THE AMERICAN RESEARCH CENTER IN SOFIA, A NON-PROFIT FOUNDATION ORGANIZED, REGISTERED, AND OPERATING UNDER THE LAWS OF BULGARIA; (2) SUPPORT AMERICAN SCHOLARS AND ACADEMIC RESEARCHERS IN THE FIELD OF THE HUMANITIES AND SOCIAL SCIENCES IN BULGARIA; (3) FACILITATE COLLABORATION AND COOPERATION BETWEEN SCHOLARS FROM NORTH AMERICA, BULGARIA, AND COUNTRIES FROM SOUTHEASTERN EUROPE (INCLUDING ROMANIA, GREECE, ALBANIA, KOSOVO, MACEDONIA, SERBIA AND MONTENEGRO, AND TURKEY).

Program Service Accomplishments

Program 1
Expenses: $13,824

DURING 2022, THE AMERICAN RESEARCH CENTER IN BULGARIA, INC. (ARCB) CONTINUED TO FULFILL ITS MISSION. ARCB SPONSORED PROJECTS AND EVENTS IN THE UNITED STATES AND PROVIDED GRANTS TO ITS PARTNER...

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DURING 2022, THE AMERICAN RESEARCH CENTER IN BULGARIA, INC. (ARCB) CONTINUED TO FULFILL ITS MISSION. ARCB SPONSORED PROJECTS AND EVENTS IN THE UNITED STATES AND PROVIDED GRANTS TO ITS PARTNER ORGANIZATION IN BULGARIA, THE AMERICAN RESEARCH CENTER IN SOFIA FOUNDATION (ARCS). THE FOLLOWING TEXT IS A BRIEF DESCRIPTION OF ARCB'S SIGNIFICANT ACCOMPLISHMENTS: SUPPORT TO THE ARCS ACADEMIC PROGRAM, LIBRARY, AND OTHER ACTIVITIES ARCB PROVIDED GRANTS TO ARCS IN SUPPORT OF ITS VARIOUS PROGRAMS AND ACTIVITIES, NOTABLY: -- HOSTING INTERNATIONAL SCHOLARS AND STUDENTS AT ITS FACILITIES IN SOFIA AND PROVIDING THEM WITH THE LOGISTICAL SUPPORT NECESSARY TO CONDUCT THEIR RESEARCH IN BULGARIA; -- MAINTAINING AND ENHANCING ITS UNIQUE LIBRARY COLLECTION, FREELY AVAILABLE TO THE PUBLIC; MOST NOTABLY, ARCB RECEIVED A DONATION OF HISTORICALLY SIGNIFICANT RECORDINGS, PUBLICATIONS, AND OTHER ARCHIVAL MATERIALS FROM THE VOICE OF AMERICA COLLECTION OF MICHAEL GLOUKHOV; -- CONTINUING ITS COOPERATION WITH CULTURAL AND ACADEMIC INSTITUTIONS: OIN THE UNITED STATES, THE ARCB OFFICERS AND DIRECTORS HAD A HIGHLY PRODUCTIVE YEAR, CONSISTENT WITH A WIDESPREAD POST-PANDEMIC AWAKENING OF CULTURAL EVENTS AND CHARITABLE ACTIVITIES. THE DIRECTORS AND OFFICERS CONDUCTED MULTIPLE IN-PERSON AND VIRTUAL MEETINGS THROUGHOUT 2022 WITH ARCB FRIENDS AND GUESTS (NOTABLY, ABRAHAM FOXMAN, JACKY COMFORTY, ANDREW BERNSTEIN, MORENA STEFANOVA, KIRKO AND DIDI KIRKOV, BEATRICE TOLIDJIAN, CHRISTO MARINOV, MICHAEL GLOUKHOV, DOBRINKA DROUMEVA, DIMITAR DIMKOV, CHRISTOPHER WRIGHT, BOYKO ANTONOV, PLAMEN KRASTEV, DILYANA IVANOVA ZIESKE, LIAM ZIESKE, SHELDON AND CHERYL COHEN, AND MANY OTHER ARCB SUPPORTERS). OIN BULGARIA, ARCS AND ARCB CO-SPONSORED VARIOUS CULTURAL EVENTS, INCLUDING THE PRESENTATION OF THE ENGLISH EDITION OF TWO BOOKS WITH MAJOR LITERARY OR HISTORICAL CONTRIBUTIONS: LIGHT OF MEN BY DR. PHILIP DIMITROV (A PHILOSOPHICAL AND HISTORICAL TREATISE-LIKE NOVEL REGARDING EARLY BIBLICAL HISTORY (MARCH 29); AND ALMOST IMPOSSIBLE: KINGDOM OF BULGARIA AND JEWISH EMIGRATION IN THE SECOND WORLD WAR BY DR. GEORGE BOUZDOUGANOFF (A COLLECTION OF ARCHIVAL DOCUMENTS SHOWING THE DELIBERATE EFFORTS BY BULGARIAN DIPLOMATS TO SUCCESSFULLY ISSUE OVER 12,000 TRANSIT VISAS TO JEWISH CITIZENS IN VARIOUS EUROPEAN COUNTRIES AND HELP THEM ESCAPE TO SAFETY IN WHAT WAS THEN THE BRITISH MANDATE OF PALESTINE) (JULY 29); ON MAY 27, ARCS HOSTED AND CO-SPONSORED THE SCREENING OF DR. JACKY COMFORTY'S FASCINATING DOCUMENTARY IKA'S DIARY, WHICH TELLS THE AUTHOR'S FAMILY STORY OF HARDSHIP AND SURVIVAL DURING WWII. -- ARCS AND ARCB CONTINUED TO HOST RECIPIENTS OF THE ZVI KEREN RESIDENTIAL FELLOWSHIP IN JEWISH HISTORY, ESTABLISHED IN 2020 IN MEMORY OF DR. ZVI KEREN, WHOSE PIONEERING WORK ON THE HISTORY OF THE JEWISH COMMUNITY IN BULGARIA OVER THE CENTURIES, SUPPORTED BY ARCB AND ARCS, RESULTED IN MOMENTOUS CONTRIBUTIONS TO OUR HISTORICAL KNOWLEDGE.

Program 2
Expenses: $9,409

PUBLICATIONS "ARCS AND ARCB CONTINUED THEIR SUPPORT FOR BOOKS WITH HISTORICAL AND CULTURAL SIGNIFICANCE, WITH SEVERAL PLANNED PUBLICATIONS SCHEDULED TO APPEAR IN 2023 OR 2024.

Program 3
Expenses: $860

RESEARCH PROJECTS/WEBSITES: "ARCS AND ARCB CONTINUED TO SUPPORT THE PUBLICATIONS AND RESEARCH OF MARTIN KOENIG, A CULTURAL SPECIALIST AND ETHNOGRAPHER, WHO SPENT OVER 50 YEARS RESEARCHING AND...

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RESEARCH PROJECTS/WEBSITES: "ARCS AND ARCB CONTINUED TO SUPPORT THE PUBLICATIONS AND RESEARCH OF MARTIN KOENIG, A CULTURAL SPECIALIST AND ETHNOGRAPHER, WHO SPENT OVER 50 YEARS RESEARCHING AND DOCUMENTING TRADITIONAL MUSIC AND DANCE FORMS IN THEIR ORIGINAL SETTINGS. "OVER THE PAST YEAR, ARCS AND ARCB CONTINUED TO DEVELOP AND ENRICH THE CONTENT OF "THE IMMIGRANT'S SUITCASE: VIRTUAL MUSEUM OF THE BULGARIANS IN NORTH AMERICA" (WWW.IMMIGRANT.BG). THE VIRTUAL MUSEUM RECEIVED SUBSTANTIAL MEDIA COVERAGE IN BOTH BULGARIA AND THE UNITED STATES. "ARCB CONTINUED TO PROVIDE SUPPORT FOR THE ONLINE PORTAL "VICTIMS OF COMMUNISM IN BULGARIA" (HTTP://WWW.VICTIMSOFCOMMUNISM.BG/EN/), LAUNCHED BY ARCS IN 2009. THE GOAL OF THE PROJECT IS TO PREPARE A COMPLETE DATABASE OF THE INDIVIDUALS WHO WERE SUBJECT TO COMMUNIST TOTALITARIAN REPRESSIONS AND THEIR BIOGRAPHICAL INFORMATION, THUS FILLING A SIGNIFICANT GAP IN OUR HISTORICAL KNOWLEDGE. THE INFORMATION FROM THE WEBSITE HAS BEEN SHARED WITH THE BULGARIAN STATE ARCHIVES AND WILL RESULT IN AN OFFICIAL PUBLICATION OF THE RECORDS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $23,378
Program Service Revenue $4,169
Investment Income $0
Other Revenue $0
TOTAL REVENUE $27,547

Expense Breakdown

Grants Paid $8,165
Salaries & Benefits $0
Fundraising Expenses $155
Program Expenses $24,093
Other Expenses $18,464
TOTAL EXPENSES $26,629

Year-over-Year Comparison

2022 2021 Change
Revenue $27,547 N/A N/A
Expenses $26,629 N/A N/A
Net Income $918 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN MICHAEL CLINTON VICE PRESIDE N/A
Officer
$0 $0 $0
NORA DIMITROVA CLINTON PRESIDENT N/A
Officer
$0 $0 $0
ANDREY KOVATCHEV DIRECTOR N/A
Officer
$0 $0 $0
NASSYA KRALEVSKA-OWENS DIRECTOR N/A
Officer
$0 $0 $0
AARON OWENS SECRETARY/TR N/A
Officer
$0 $0 $0
KOSTADINKA TERZIYSKA DIRECTOR N/A
Officer
$0 $0 $0
RADOSLAV TOTCHEV DIRECTOR N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $27,547 $26,629 $924 $918
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