Civic Intelligence

Bulgarian Education Center Co

EIN 47-3221061 • 501(c)3 • Nantucket, MA

Profile

Raising funds and donations to generate monies to engage in the education of children. The monies raised after the operating costs will be dedicated to an exempt charity under the internal revenue code section 501 (c)(3)and also in accordance with massachusetts general law under the jurisdiction of the massachusetts courts.

9 Waydale Ave Apt ANantucket, MA 02554

bgackschool.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

80th percentile

28%

Higher net margin than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

85th percentile

$11,550

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

81st percentile

32%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

37%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$96,611

Up $23,669 (+32%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$96,611

Up $23,776 (+33%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin80th percentile

Revenue

Up

$85,955

Up $23,164 (+37%) from 2023

Expenses

Down

$62,179

Down $5,147 (-7.6%) from 2023

Net Income

Up

$23,776

Up $28,311 (+624%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth81st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2015: $6,348Net Assets 2015: $6,3482015Assets 2016: $9,165Liabilities 2016: $600Net Assets 2016: $8,5652016Assets 2017: $13,334Net Assets 2017: $13,3342017Assets 2018: $27,974Liabilities 2018: $130Net Assets 2018: $27,8442018Assets 2019: $36,812Net Assets 2019: $36,8122019Assets 2020: $46,517Liabilities 2020: $1,625Net Assets 2020: $44,8922020Assets 2021: $62,738Liabilities 2021: $1,640Net Assets 2021: $61,0982021Assets 2022: $78,898Liabilities 2022: $1,528Net Assets 2022: $77,3702022Assets 2023: $72,942Liabilities 2023: $107Net Assets 2023: $72,8352023Assets 2024: $96,611Net Assets 2024: $96,6112024

Highlighted filing

2024

Assets$96,611
Liabilities-
Net Assets$96,611
Open 2024 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2015: $29,808Expenses 2015: $23,460Net Income 2015: $6,3482015Revenue 2016: $20,395Expenses 2016: $18,178Net Income 2016: $2,2172016Revenue 2017: $32,470Expenses 2017: $27,701Net Income 2017: $4,7692017Revenue 2018: $49,269Expenses 2018: $34,759Net Income 2018: $14,5102018Revenue 2019: $52,006Expenses 2019: $43,038Net Income 2019: $8,9682019Revenue 2020: $47,867Expenses 2020: $39,787Net Income 2020: $8,0802020Revenue 2021: $58,735Expenses 2021: $42,529Net Income 2021: $16,2062021Revenue 2022: $71,070Expenses 2022: $54,798Net Income 2022: $16,2722022Revenue 2023: $62,791Expenses 2023: $67,326Net Income 2023: -$4,5352023Revenue 2024: $85,955Expenses 2024: $62,179Net Income 2024: $23,7762024

Highlighted filing

2024

Revenue$85,955
Expenses$62,179
Net Income$23,776
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$96,611
Liabilities
-
Net assets
$96,611
Revenue
$85,955
Expenses
$62,179
Net income
$23,776
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$96.6$96.6$86.0$62.2$23.8
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$72.9$0.11$72.8$62.8$67.3$4.54
2022Detailed filing. Detailed filing data is available for this year.$78.9$1.53$77.4$71.1$54.8$16.3
2021Detailed filing. Detailed filing data is available for this year.$62.7$1.64$61.1$58.7$42.5$16.2
2020Detailed filing. Detailed filing data is available for this year.$46.5$1.63$44.9$47.9$39.8$8.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.8$36.8$52.0$43.0$8.97
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.0$0.13$27.8$49.3$34.8$14.5
2017Detailed filing. Detailed filing data is available for this year.$13.3$13.3$32.5$27.7$4.77
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.17$0.60$8.57$20.4$18.2$2.22
2015Detailed filing. Detailed filing data is available for this year.$6.35$6.35$29.8$23.5$6.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 29, 2025
Return Version
2024v5.2
Gross Receipts
$85,955
Mission and Program Overview

Mission

Raising funds and donations to generate monies to engage in the education of children. The monies raised after the operating costs will be dedicated to an exempt charity under the internal revenue code section 501 (c)(3)and also in accordance with massachusetts general law under the jurisdiction of the massachusetts courts.

Program Services

DescriptionGrantsExpenses
The Organization provides Saturday afternoon classes for total of 30 weeks which start September of each year.$20,797-
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Virginia KostadinovaDirectorPT$11,550-$11,550
Gergana NeikovaDirectorPT$11,550-$11,550
Zhaneta AvramovaDirectorPT$5,000-$5,000
Filing and Contact Details

Filer

Filer Name
Bulgarian Education Center Co
EIN
47-3221061
Phone
5089011360
Address
9 Waydale Ave Apt A, Nantucket, MA 02554

Signing Officer

Name
Virginia Kostadinova
Title
President
Signed
2025-10-29
Discuss with paid preparer
Yes

Preparer

Firm
Conley & Wood Pc
Address
50 OLIVER ST STE W2, NORTH EASTON, MA 02356
Preparer
Mark R Conley CPA
Phone
5082384444
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $6109”

Other Expenses.1012

“Insurance $1203”

Other Expenses.1

“Rent $8150”

Other Expenses.2

“Outside help $3039”

Other Expenses.3

“Office equipment $2793”

Other Expenses.4

“Education and training $544”

Other Expenses.5

“Licenses $126”

Other Assets.1005

“Accounts Receivable - Beginning $700 Accounts Receivable - Ending $400”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $21”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $107 Accounts Payable and Accrued Expenses - Ending $0”

Raw XML Appendix168 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0Virginia Kostadinova
IRS990EZ/BooksInCareOfDetail/PhoneNum05089011360
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt09 Waydale Ave Apt A
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Nantucket
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002554
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt072242
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt096190
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt034476
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt023776
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt03187
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt072942
IRS990EZ/Form990TotalAssetsGrp/EOYAmt096611
IRS990EZ/FundraisingGrossIncomeAmt011165
IRS990EZ/GrossReceiptsAmt085955
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt072835
IRS990EZ/NetAssetsOrFundBalancesEOYAmt096611
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt072835
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt096611
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt011550
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt111550
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt25000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Virginia Kostadinova
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Gergana Neikova
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Zhaneta Avramova
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0700
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0421
IRS990EZ/OtherExpensesTotalAmt021964
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0RAISING FUNDS AND DONATIONS TO GENERATE MONIES TO ENGAGE IN THE EDUCATION OF CHILDREN. THE MONIES RAISED AFTER THE OPERATING COSTS WILL BE DEDICATED TO AN EXEMPT CHARITY UNDER THE INTERNAL REVENUE CODE SECTION 501 (C)(3)AND ALSO IN ACCORDANCE WITH MASSACHUSETTS GENERAL LAW UNDER THE JURISDICTION OF THE MASSACHUSETTS COURTS.
IRS990EZ/ProgramServiceRevenueAmt040314
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Organization provides Saturday afternoon classes for total of 30 weeks which start September of each year.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt020797
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt037028
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt011165
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0107
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt062179
IRS990EZ/TotalRevenueAmt085955
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0http://bgackschool.com/
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt034476
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt034314
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt040448
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt035115
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt034471
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0178824
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt040314
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt019696
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt025095
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt020782
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt011475
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0117362
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.60380
IRS990ScheduleA/PublicSupportPY509Pct00.65430
IRS990ScheduleA/PublicSupportTotal509Amt0178824
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt034476
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt034314
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt040448
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt035115
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt034471
IRS990ScheduleA/Total509Grp/TotalAmt0178824
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt074790
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt054010
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt065543
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt055897
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt045946
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0296186
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $6109
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $1203
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Rent $8150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Outside help $3039
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Office equipment $2793
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Education and training $544
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Licenses $126
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Accounts Receivable - Beginning $700 Accounts Receivable - Ending $400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $21
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Accounts Payable and Accrued Expenses - Beginning $107 Accounts Payable and Accrued Expenses - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Assets.1011
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Total Liabilities.1001
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Virginia Kostadinova
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Bulgarian Education Center Co
ReturnHeader/Filer/BusinessNameControlTxt0BULG
ReturnHeader/Filer/EIN0473221061
ReturnHeader/Filer/PhoneNum05089011360
ReturnHeader/Filer/USAddress/AddressLine1Txt09 Waydale Ave Apt A
ReturnHeader/Filer/USAddress/CityNm0Nantucket
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002554
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043401628
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONLEY & WOOD PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 OLIVER ST STE W2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTH EASTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002356
ReturnHeader/PreparerPersonGrp/PhoneNum05082384444
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark R Conley CPA
ReturnHeader/ReturnTs02025-10-29T12:07:23-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.