The primary purpose of the organization is to provide education for bulgarian youths.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$180K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $69K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$180K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $63K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.2M
+8% vs prior year
Spent
$9.2M
To programs
86%
Net assets
$16.3M
By yearFY2020–FY2024
Revenue
$9.2M
FY2022▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.0M
FY2021$8.6M
FY2022$9.2M
FY2023$10.5M
FY2024$11.2M
Expenses
$9.2M
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.1M
FY2021$8.7M
FY2022$9.2M
FY2023$9.9M
FY2024$11.8M
Net assets
$16.3M
FY2022▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$16.5M
FY2021$16.6M
FY2022$16.3M
FY2023$17.2M
FY2024$16.9M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1947.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $7.9M Management & general 14% · $1.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $180K paid to officers and key staff.

Part VII, Section A · reportable compensation
$90,000Pt VII · Sec A
President
$90,000Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Emily Sargent Beasley’s $185K as President is at the 27th percentile of top reported officer pay among 345 $10–100M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Emily Sargent Beasley$185,196————
Emily Sargent-Beasley—$183,449$90,000——
Richard Ewing—$30,000$90,000$180,000$179,944

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Sofia American Schools INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates Bulgarian youth.

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Provided by the organization

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1 program · $7.9M · in their own filed words · FY2022
01

The organization operates the american college of sofia, an independent, highly selective, co-educational not-for-profit secondary school in bulgaria. With english as the primary language of instruction, the college offers a rigorous core curriculum enriched by an array of elective courses and extra-curricular activities.

$7.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$9.2M
Ln 12
Fees for servicesLn 2g$7.9M
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$75K
Money outPt IX
$9.2M
Ln 25
Programscol B$7.9M
Managementcol C$1.3M
Owns and owesPt X
$16.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.3M
Total assetsLn 16$19.1M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
23
listed · VII A
PaidVII A2
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$510K
Noncash giftsLn 1g$56K
Fees for servicesLn 2g$7.9M
Investment incomeLn 3$51K
Other incomeLn 4–11$75K
Gains on assetsLn 7$0
Total revenueLn 12$9.2M
Assets in detailPt X, end of year
CashLn 1$2.2M
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$4.3M
InvestmentsLn 11–13$1.5M
Land, buildings, equipmentLn 10c$12.9M
Other assetsLn 15$0
Total assetsLn 16$19.1M
LiabilitiesLn 26$2.8M
Net assetsLn 32$16.3M
OperationsPt I, VI
EmployeesI 532
VolunteersI 622
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$4.5M$4.3M
InvestmentsLn 11–13$1.8M$1.5M
Land, buildings, equipmentLn 10c$12.3M$12.9M
Total assetsLn 16$18.8M$19.1M
LiabilitiesLn 26$2.1M$2.8M
Net assetsLn 32$16.6M$16.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$1.1M$1.1M
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$341K$205K$136K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$4.2M$4.2M
Pension plan contributionsLn 8$38K$38K
Other employee benefitsLn 9$217K$217K
Payroll taxesLn 10$747K$733K$14K
Management feesLn 11a$0
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$108K$108K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$108K$43K$65K
Advertising and promotionLn 12$37K$37K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$840K$479K$361K
TravelLn 17$57K$8K$49K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$17K$17K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$600K$480K$120K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$676K$297K$379K
All other expensesLn 24e$138K$108K$30K
Total functional expensesLn 25$9.2M$7.9M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $11.2M$11.8M−$636K$16.9M 990 PDF
FY2023 $10.5M$9.9M$596K$17.2M 990 PDF
FY2022 Viewing $9.2M$9.2M$8K$16.3M 990 PDF
FY2021 $8.6M$8.7M−$148K$16.6M 990 PDF
FY2020 $8.0M$8.1M−$167K$16.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $9,243,375 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $636,500$1,191,932
I-9 Program service revenuePrior year $8,155,305$7,925,767
I-10 Investment incomePrior year $56,319$50,561
I-11 Other revenuePrior year −$267,114$75,115
I-12 Total revenuePrior year $8,581,010$9,243,375
I-13 Grants and similar amounts paidPrior year $1,011,206$1,100,990
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $5,533,727$5,528,508
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,183,850$2,605,969
I-18 Total expensesPrior year $8,728,783$9,235,467
I-19 Revenue less expensesPrior year −$147,773$7,908
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,243,375 across 12 lines filed
VIII-1e Government grants$509,661
VIII-1f All other contributions, gifts and grants$682,271
VIII-1g Noncash contributions (included above)$56,157
VIII-1h Total contributions, gifts and grants$1,191,932
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,925,767$7,925,767
VIII-3 Investment incomeExcluded from tax $50,561$50,561
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $75,115$75,115
VIII-12 Total revenueRelated to mission $7,925,767 · Excluded from tax $125,676$9,243,375
Part IX · Statement of functional expenses $9,235,467 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $1,100,990$1,100,990
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $204,529 · Management $136,353$340,882
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $4,186,374$4,186,374
IX-8 Pension plan contributionsPrograms $37,534$37,534
IX-9 Other employee benefitsPrograms $216,547$216,547
IX-10 Payroll taxesPrograms $733,391 · Management $13,780$747,171
IX-11a Management fees$0
IX-11b Legal feesManagement $24,596$24,596
IX-11c Accounting feesManagement $108,399$108,399
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $43,463 · Management $64,518$107,981
IX-12 Advertising and promotionManagement $37,336$37,336
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $478,940 · Management $361,163$840,103
IX-17 TravelPrograms $8,007 · Management $48,742$56,749
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $16,864$16,864
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $479,681 · Management $119,920$599,601
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $296,871 · Management $379,169$676,040
IX-24e All other expensesPrograms $108,254 · Management $30,046$138,300
IX-25 Total functional expensesPrograms $7,911,445 · Management $1,324,022 · Fundraising $0$9,235,467
Part X · Balance sheet $19,078,825 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $1,918,612$2,158,946
X-2 Savings and temporary cash investmentsStart of year $2,555,047$2,184,401
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $61,632$95,677
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $166,155$206,786
X-10c Land, buildings and equipment, netStart of year $12,255,427$12,900,763
X-11 Publicly traded securitiesStart of year $1,809,208$1,532,252
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $18,766,081$19,078,825
X-17 Accounts payable and accrued expensesStart of year $463,791$1,018,163
X-19 Deferred revenueStart of year $1,287,268$1,298,750
X-25 Other liabilitiesStart of year $397,095$439,032
X-26 Total liabilitiesStart of year $2,148,154$2,755,945
X-27 Net assets without donor restrictionsStart of year $15,184,710$14,989,750
X-28 Net assets with donor restrictionsStart of year $1,433,217$1,333,130
X-32 Total net assets or fund balancesStart of year $16,617,927$16,322,880
X-33 Total liabilities and net assetsStart of year $18,766,081$19,078,825
Part XI · Reconciliation of net assets $16,322,880 net assets at year end
XI-1 Total revenue$9,243,375
XI-2 Total expenses$9,235,467
XI-3 Revenue less expenses$7,908
XI-4 Net assets at start of year$16,617,927
XI-5 Net unrealized gains (losses) on investments−$302,955
XI-10 Net assets at end of year$16,322,880

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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