Civic Intelligence

Bulgarian Volleyball Academy Nfp

EIN 84-3621475 • 501(c)3 • Schaumburg, IL

Profile

Providing sport / athletic activities

225 Williams DrSchaumburg, IL 60193
Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

47th percentile

0.1%

Higher net margin than 47% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

58th percentile

1.5%

Faster asset growth than 58% of similar nonprofits.

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

Revenue Growth

81st percentile

38%

Faster revenue growth than 81% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$16,937

Up $257 (+1.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$16,937

Up $257 (+1.5%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin47th percentile

Revenue

Up

$211,252

Up $58,161 (+38%) from 2023

Expenses

Up

$210,995

Up $49,802 (+31%) from 2023

Net Income

Up

$257

Up $8,359 (+103%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth58th percentile

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

$30K$20K$10K$0Assets 2020: $218Liabilities 2020: $0Net Assets 2020: $2182020Assets 2021: $8,457Liabilities 2021: $0Net Assets 2021: $8,4572021Assets 2022: $24,783Liabilities 2022: $0Net Assets 2022: $24,7832022Assets 2023: $16,680Liabilities 2023: $0Net Assets 2023: $16,6802023Assets 2024: $16,937Liabilities 2024: $0Net Assets 2024: $16,9372024

Highlighted filing

2024

Assets$16,937
Liabilities$0
Net Assets$16,937
Open 2024 Filing

Operations Trend

Revenue Growth81st percentile

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

$300K$200K$100K$0-$100KRevenue 2020: $25,189Expenses 2020: $24,655Net Income 2020: $5342020Revenue 2021: $75,978Expenses 2021: $69,423Net Income 2021: $6,5552021Revenue 2022: $132,338Expenses 2022: $116,012Net Income 2022: $16,3262022Revenue 2023: $153,091Expenses 2023: $161,193Net Income 2023: -$8,1022023Revenue 2024: $211,252Expenses 2024: $210,995Net Income 2024: $2572024

Highlighted filing

2024

Revenue$211,252
Expenses$210,995
Net Income$257
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$16,937
Liabilities
$0
Net assets
$16,937
Revenue
$211,252
Expenses
$210,995
Net income
$257
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$2.11$2.11$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$1.53$1.61$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$1.32$1.16$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.76$0.69$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.25$0.25$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$211,252
Mission and Program Overview

Mission

Providing sport / athletic activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$16,680$16,937▲ $257
Cash and Non-Interest-Bearing Accounts$16,680$13,932▼ $2,748
Accounts Receivable-$3,005-
Total Assets$16,680$16,937▲ $257
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,680$16,937▲ $257
Total Liabilities and Net Assets / Fund Balance$16,680$16,937▲ $257
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Boyan PetevPresident
Simeon MladenovVice President
Stoyan SlavovVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$9,835
Program Service Revenue
$201,417
Investment Income
$0
Other Revenue
$0
All Other Contributions
$9,835
Change in Net Assets
$257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,416
Salaries, Compensation, and Employee Benefits$100,579
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$59,780--$59,780
Occupancy$51,520--$51,520
Comp Disqual Persons$40,799--$40,799
Other Expenses$30,655--$30,655
Travel$9,287--$9,287
Information Technology$2,557--$2,557
Advertising$2,141--$2,141
Fees for Services Other$1,493--$1,493
Fees for Services Accounting$596--$596
Office Expenses$267--$267
Total Functional Expenses$210,995$0$0$210,995
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Presented to board of directors regular review”

Conflict of interest policy compliance Part VI line 12C

“REGULAR REVIEW”

CEO executive director top management comp Part VI line 15A

“Review and approval by a governing body and conflict of interest regarding compensation arangements at issue”

Other officer or key employee compensation Part VI line 15B

“Review and approval by a governing body and conflict of interest regarding compensation arangments at issue”

Governing documents etc available to public Part VI line 19

“Presented at anyone request”

Filing and Contact Details

Filer

Filer Name
Bulgarian Volleyball Academy Nfp
EIN
84-3621475
In Care Of
% BOYAN PETEV
Phone
8479028678
Address
225 WILLIAMS DR, Schaumburg, IL 60193
Doing Business As
Bulgarian Volleyball Academy N

Signing Officer

Name
Boyan Petev
Title
President
Phone
8479028678
Signed
2025-05-12
Discuss with paid preparer
No

Organization Details

Formed
2019
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Savina Tzankova CPA
Address
4112 SCOTT, Schiller Park, IL 60176
Preparer
Savina Tzankova CPA
Phone
8476603061
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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