2026-05-12T17:01:38-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2025-01-01 208076166 AMERICA FOR BULGARIA FOUNDATION AMER 8472640954 14007 SOUTH BELL ROAD 172 HOMER GLEN IL 604918463 NANCY L SCHILLER PRESIDENT AND CEO 8472640954 2026-05-12 1 AMY L HENDLEY P01300654 2099556100 2026-05-12 2025 2025-03-06 01:10:19Z X NANCY L SCHILLER 14007 SOUTH BELL ROAD 172 HOMER GLEN IL 604918463 103975963 0 X WWW.US4BG.ORG X 2019 DE THE AMERICA FOR BULGARIA FOUNDATION WORKS IN PARTNERSHIP WITH BULGARIANS TO SUPPORT THE COUNTRY'S PRIVATE SECTOR AND RELATED DEMOCRATIC INSTITUTIONS.THE AMERICA FOR BULGARIA FOUNDATION SEEKS TO ENHANCE THE LONGSTANDING LEGACY OF GOODWILL AND FRIENDSHIP BETWEEN THE AMERICAN AND BULGARIAN PEOPLE AND TO PROMOTE UNITED STATES-BULGARIA PEOPLE-TO-PEOPLE CONTACTS. X 14 13 3 0 0 0 130 100 0 0 20789894 19747285 61262 596329 20851286 20343714 12474083 492087742 0 0 3053561 1760250 0 0 0 4278905 2690077 19806549 496538069 1044737 -476194355 501001329 0 24806978 0 476194351 0 X THE AMERICA FOR BULGARIA FOUNDATION SEEKS TO ENHANCE THE LONGSTANDING LEGACY OF GOODWILL AND FRIENDSHIP BETWEEN THE AMERICAN AND BULGARIAN PEOPLE AND TO PROMOTE UNITED STATES-BULGARIA PEOPLE-TO-PEOPLE CONTACTS. 0 1 493947210 492087742 0 THE ABF APPROVED 36 NEW GRANTS DURING THE SIX-MONTH PERIOD ENDED JUNE 30, 2025. THESE GRANTS WERE MADE TO ORGANIZATIONS IN BULGARIA AND IN THE USA WHOSE ACTIVITIES SUPPORT ABF'S MISSION. THE GRANTS WERE IN THE FOLLOWING MAIN FIELDS OF WORK IN WHICH THE ABF OPERATES: BUSINESS, ENTREPRENEURSHIP AND TECHNOLOGY, BUSINESS ENABLING ENVIRONMENT, DEVELOPING AND RETAINING HUMAN CAPITAL, CULTURAL HERITAGE AND NATURE TOURISM.THE ORGANIZATION TERMINATED AND TRANSFERRED ALL OF ITS ASSETS TO A SUCCESSOR ORGANIZATION AS OF JUNE 30, 2025. 493947210 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 1 21 0 1 3 1 0 1 BU 0 0 0 0 0 0 X 14 13 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X BOJANA KOURTEVA 8472640954 6 MALYOVICA STR SOFIA BU X NANCY L SCHILLER - CEO PRES TREASURER, SECRETARY, DIRECTOR 40.00 0.00 X X 274339 0 42692 SUSAN GAIL BUYSKE - CHAIR OF THE BOARD, SECRETARY, DIRECTOR 10.00 0.00 X X 35000 0 2026 RODERICK W MOORE DIRECTOR 2.00 0.00 X 30000 0 2026 JOHN SCOTT CARPENTER DIRECTOR 2.00 0.00 X 30000 0 0 MELANIE KIRKPATRICK DIRECTOR 5.00 0.00 X 30000 0 0 LYUBOMIR B LOZANOV DIRECTOR 2.00 0.00 X 30000 0 0 CHRISTINA LUCAS DIRECTOR 2.00 0.00 X 30000 0 0 ANTHONY R MANNO JR DIRECTOR 5.00 0.00 X 30000 0 0 JOHN SENIOR DIRECTOR (AS OF 01/25) 2.00 0.00 X 30000 0 0 KENNETH D VANDER WEELE DIRECTOR 5.00 0.00 X 30000 0 0 DIMITER S VOUTCHEV DIRECTOR 2.00 0.00 X 30000 0 0 MILENA DRAGIJSKA-DENCHEVA DIRECTOR 2.00 0.00 X 0 0 0 HRISTO EMILOV MANOV DIRECTOR 2.00 0.00 X 0 0 0 LUKE STEIN DIRECTOR (AS OF 01/25) 2.00 0.00 X 0 0 0 BOJANA I KOURTEVA CHIEF FINANCIAL OFFICER 40.00 0.00 X 123240 0 32673 DESISLAVA N TALIOKOVA EXECUTIVE DIRECTOR 40.00 0.00 X 122506 0 495 SARAH M PERRINE - PROGRAM DIRECTOR, ECONOMICALLY DISADVANTAGED 40.00 0.00 X 107608 0 15850 932693 0 95762 4 0 1 0 JENNER & BLOCK LLP 353 N CLARK STREET CHICAGO IL 60654 LEGAL SERVICES 215622 NEPC LLC 255 STATE STREET BOSTON MA 02109 INVESTMENT MANAGEMENT FEE 163032 INDEPENDENT FRANCHISE PARTNERS GLOBAL EQ 2801 CENTERVILLE ROAD WILMINGTON DE 19808 INVESTMENT MANAGEMENT FEE 143692 BGR GOVERNMENT AFFAIRS LLC 601 THIRTEENTH STREET NW WASHINGTON DC 20005 PR AND COMMUNICATIONS 140000 WCM INVESTMENT MANAGEMENT LLC 281 BROOKS STREET LAGUNA BEACH CA 92651 INVESTMENT MANAGEMENT FEE 116454 6 100 100 6117440 6117440 97262094 83632249 13629845 13629845 13629845 EXCHANGE RATE GAIN/(LOSS) 900099 596329 596329 596329 20343714 0 0 20343614 456059575 456059575 36028167 36028167 900945 360378 540567 677740 599644 78096 13115 10573 2542 69410 51909 17501 99040 69328 29712 463769 463769 11427 11427 664531 664531 309872 270370 39502 72735 72735 47516 47516 41496 41496 163357 163357 207557 38904 168653 5958 2979 2979 219215 219215 26937 4766 22171 PROGRAM RELATED EXPENSE 448760 448760 STAFF DEVELOPMENT 2653 1857 796 BOOKS & SUBSCRIPTIONS 2376 2376 MEMBERSHIP DUES 1918 1918 496538069 493947210 2590859 0 729833 0 28715483 0 0 0 0 0 0 0 97902 0 0 8050911 0 330203726 0 132960160 0 0 0 243314 0 501001329 0 240617 0 24566361 0 24806978 0 X 476194351 0 476194351 0 501001329 0 X -476194355 16114081 -16114077 X X 0 1 X 1 0 X 15462 2919 30 130 100 18641 15462 2919 30 130 100 18641 18641 10874763 9497656 7646653 9479316 6117440 43615828 43634469 X IN 2019, ABF BEGAN THE PROCESS OF TRANSITIONING FROM 501(C)(3) TO 501(C)(4) STATUS. ALTHOUGH ABF HAS ATTEMPTED TO FILE ITS FORM 990 ON MULTIPLE OCCASIONS CHECKING THE BOX THAT IT IS A 501(C)(4) ORGANIZATION AND HAS PROVIDED MAILED COPIES OF THE FORM 990 TO THE IRS, THE IRS E-FILING SYSTEM HAS NOT BEEN ABLE TO ACCEPT THE RETURNS. ACCORDINGLY, ABF HAS CHECKED THE BOX ON THIS FINAL RETURN THAT IT IS A 501(C)(3) ENTITY FOR PURPOSES OF PERMITTING THE FORM 990 TO BE ELECTRONICALLY FILED WITH THE IRS, BUT NOTES THAT IT IS A 501(C)(4). THE ORGANIZATION IS OPERATING AS A 501(C)(4) AND THUS THE PUBLIC SUPPORT TEST IS NOT REQUIRED; THEREFORE THE ORGANIZATION IS NOT PRESENTING ONE IN PART II. THE ORGANIZATION TERMINATED AND TRANSFERRED ALL OF ITS ASSETS TO A SUCCESSOR ORGANIZATION AS OF JUNE 30, 2025. THE ORGANIZATION WILL BE REPORTED AS A 501(C)(4) GOING FORWARD UNDER THE SUCCESSOR ORGANIZATION'S FEDERAL EIN. PART II, SECTIONS A & B, COLUMN (E): THE ACTIVITY IN COLUMN (E) IS REPORTED FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2025. 0 X 33592627 16114081 67500 -2268137 13913444 19679183 664531 664531 20343714 495915969 42431 42431 495873538 664531 664531 496538069 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM U.S. FEDERAL INCOME TAXES UNDER SECTION 501(C)(4) OF THE U.S. INTERNAL REVENUE CODE. THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2025 AND YEAR ENDED DECEMBER 31, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED EXCHANGE RATE GAIN -2,268,137. PART XII, LINE 2D - OTHER ADJUSTMENTS: NON-DEDUCTIBLE COMPANION TRAVEL EXPENSES 42,431. PART XI AND PART XII: THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE FILING ORGANIZATION AND ITS SUCCESSOR ORGANIZATION WERE PREPARED FOR THE FULL CALENDAR YEAR ENDED DECEMBER 31, 2025. THE ORGANIZATION IS FILING A SHORT PERIOD FINAL RETURN FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2025. THEREFORE, THE INFORMATION PROVIDED IN THE RECONCILIATION SCHEDULES IN PART XI AND XII AND IN THIS FORM 990 ARE BASED ON THE REVENUE AND EXPENSES THROUGH THE SIX-MONTH PERIOD ENDED JUNE 30, 2025 BUT THE ACTIVITY IS INCLUDED IN THE FULL CALENDAR YEAR AUDITED FINANCIAL STATEMENTS. 0 EUROPE 1 32 GRANTMAKING N/A 36028167 EUROPE 0 0 PROGRAM SERVICES LEADERSHIP PROGRAMS AND CULTURAL HERITAGE SITES SUPPORT 448760 EUROPE 0 0 PROGRAM SERVICES ADMINISTRATIVE EXPENSES 1488704 EUROPE 0 0 PROGRAM SERVICES INVESTMENTS-EXPENSES 108 1 32 0 0 1 32 37965739 0 37965739 EUROPE GENERAL SUPPORT FOR THE AUBG ENDOWMENT 30000000 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR LEADERSHIP TRAINING OF BULGARIANS IN THE UNITED STATES 1966692 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR ENTREPRENEURIAL AND LEADERSHIP PROGRAMS NATIONWIDE 1274291 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE FUNDRAISING MATCHING GRANT FOR ENDOWMENT SUPPORT 1000000 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR THE REGIONAL ECONOMIC DEVELOPMENT BEYOND SOFIA 434128 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR A VISITING PROGRAM TO THE USA FOR BULGARIAN PEDIATRICIANS AND HOSPITAL LEADERS 264352 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR THE INDEPENDENT AND QUALITY JOURNALISM THAT SERVES THE PUBLIC INTEREST AND MORE FAVORABLE BUSINESS ENVIRONMENT 149382 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR A VISITING PROGRAM TO THE USA FOR BULGARIAN PEDIATRICIANS AND HOSPITAL LEADERS 103608 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR CIVIL MONITORING OF PUBLIC PROCUREMENT IN CONSTRUCTION AND THE ENVIRONMENT 89611 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR TOURNAMENTS AIMED AT STUDENTS, TO PREPARE THEM FOR THE COMPETITIONS WHICH WILL HELP THEM EXPRESS THEIR IDEAS IN A REASONED AND STRUCTURED MANNER IN A COMPETITIVE BUT SUPPORTIVE ENVIRONMENT 89088 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE GENERAL SUPPORT FOR THE PROJECT SPELLING BEE IN BULGARIAN SCHOOLS 83061 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR A PROJECT TO CONDUCT A SURVEY OF PUBLIC ATTITUDES 76180 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR GOVERNMENT TRANSPARENCY AND ACCOUNTABILITY AND ACTIVE CIVIL PARTICIPATION THROUGH THE EXERCISE OF ATI RIGHT. 59347 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR A PROJECT PROVIDING SYSTEMATIC TRAINING TO BUILD SKILLS IN ANALYZING FINANCIAL AND ECONOMIC DATA AND ACCOUNTING DOCUMENTS 31374 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR A PROJECT FOR A XIII NATIONAL FESTIVAL OF FOLK ART IN KOPRIVSHTITSA 29041 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR A PROGRAM FOR A SUMMER LEADERSHIP ACADEMY 2025 AND 2026 27893 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR BULGARIAN NGOS AND CIVIL SOCIETY WITH DEVELOPING EFFECTIVE COMMUNICATION STRATEGIES AND MESSAGES AGAINST SMEAR CAMPAIGNS, AND EMPOWER THE BULGARIAN NGO SECTOR TO COUNTERACT FARA DRAFT BILLS AND OTHER ATTACKS 26195 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR LEADERSHIP TRAINING OF BULGARIANS IN THE UNITED STATES 21647 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR A DEVELOPING BIKE TOURISM OPPORTUNITIES IN TRAN REGION 20329 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR A PROJECT FOR A LARGE-SCALE CULTURAL AND EDUCATIONAL FESTIVAL THAT CONNECTS SCIENCE, TECHNOLOGY, ART AND INNOVATION IN AN INTERACTIVE FORMAT AIMED AT STUDENTS, TEACHERS AND THE GENERAL PUBLIC 16543 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR THE PROTECTION OF HONEY BEES (APIS MELLIFERA L.) UNDER CLIMATE CHANGE CONDITIONS THROUGH THE ESTABLISHMENT OF A LABORATORY FOR CRYOPRESERVATION OF GENETIC MATERIAL AND ARTIFICIAL INSEMINATION 14521 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR THE NATIONAL YOUTH FORUM 14480 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT TO PROMOTE MODELS OF LOCAL PHILANTHROPY 14466 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR A PROJECT THAT PLANS TO IMPLEMENT A SERIES OF EVENTS FROM THE SECOND EDITION OF THE "CONCERTS AT THE STATION" INITIATIVE IN 2025 WITH CONCERTS IN THE NORTHWEST REGION OF BULGARIA 14445 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR A PROJECT WHOSE GOAL IS TO ATTRACT MORE INVESTMENTS TO THE COUNTRY, TO ENCOURAGE MORE BULGARIANS TO START THEIR OWN BUSINESSES 13669 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR A PROJECT FOR CLEAN RIVERS AND HEALTHY URBAN ENVIRONMENT. 13405 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR A PROJECT THAT CONSISTS OF CHANGING THE DESIGN OF ELECTRIC MOTORS BY INCORPORATING ADDITIONAL MECHANICAL COMPONENTS IN ORDER TO REDUCE ENERGY CONSUMPTION WHILE MAINTAINING THEIR POWER OUTPUT. 13313 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR A PROJECT FOCUSED ON THE SEPARATE COLLECTION AND UTILIZATION OF GREEN WASTE 13186 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR DEVELOPMENT OF A SUSTAINABLE ALTERNATIVE TO NITROGEN FERTILIZER BASED ON BACTERIA 13171 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR AN INNOVATIVE SAAS SOLUTION TO DETECT LEAKS IN WATER SUPPLY NETWORKS USING ARTIFICIAL INTELLIGENCE AND SATELLITE IMAGERY 13139 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR PROGRAM FOR A TRAINING TO ESTABLISH A NEW STANDARD FOR COMMUNICATION WITH PEDIATRIC PATIENTS AND THEIR FAMILIES 13095 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR THE CSO COLLABORATION AND OUTREACH 13035 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR PROJECT THAT USES HONEYBEES AS BIOSENSORS TO ASSESS BIODIVERSITY AND POLLUTANTS IN AGRICULTURAL ZONES 12844 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR AN INNOVATIVE URBAN CARBON CAPTURE INSTALLATION THAT WILL BE DEPLOYED IN A COMMUNICATIVE AREA FOR SEVERAL MONTHS 12644 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR A PROJECT TO BUILD A BIKE PATH BETWEEN THE CITIES OF LOVECH AND TROYAN 11673 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR A PROJECT WHICH GOAL WILL BE TO RUN THE ROUTE VRASHKA CHUKA - KOM 11672 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR A PROJECT FOR DEVELOPING VIDEO LESSONS TO ENHANCE INDEPENDENT JOURNALISM 9556 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR PUBLICATION OF THE ANNUAL EDITION TURNING POINTS IN COLLABORATION WITH THE NEW YORK TIMES 8313 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR THE STUDENT DIPLOMATIC CLUB AT SOFIA UNIVERSITY ST. KLIMENT OHRIDSKI 7996 WIRE TRANSFER AND ACCRUAL 0 N/A N/A EUROPE SUPPORT FOR AN IMPACTFUL FUNDRAISING CAMPAIGNS FOR FIVE LEADING NGOS, UNDER THE MENTORSHIP OF ESTABLISHED EXPERTS FROM THE ADVERTISING BUSINESS 5582 WIRE TRANSFER AND ACCRUAL 0 N/A N/A 28 12 0 0 1 0 0 0 PART I, LINE 2: THE ABF FOLLOWS POLICIES AND PROCEDURES DESIGNED TO MAXIMIZE THE EFFECTIVENESS OF GRANTS, AS WELL AS ENSURE THE GRANT FUNDS ARE USED FOR AN EXEMPT PURPOSE. THESE POLICIES AND PROCEDURES ARE APPLIED CONSISTENTLY FOR GRANTS IN AND OUTSIDE THE UNITED STATES. ALL GRANTS GO THROUGH A PRE-GRANT INQUIRY PROCESS WHERE THE GRANTEE IS REQUIRED TO PROVIDE EXTENSIVE INFORMATION ON ITS GOVERNANCE PRACTICES, FINANCIAL POLICIES AND PROGRAM ACTIVITIES IN GENERAL, AS WELL AS WITH REGARD TO THE SPECIFIC PROGRAM FOR WHICH IT IS REQUESTING FUNDING. A FORMAL GRANT AGREEMENT IS THEN EXECUTED AND COUNTERSIGNED BY THE GRANTEE AND THE ABF. THE GRANT AGREEMENT SPECIFIES THE AMOUNT OF THE GRANT, GRANT DISBURSEMENT TIMELINE, ANY RESTRICTIONS ON THE GRANT, AS WELL AS THAT THE GRANT FUNDS MUST BE SEPARATELY ACCOUNTED FOR BY THE GRANTEE. GRANTEES MUST REPORT BACK TO THE ABF PRIOR TO RECEIVING RELEASE OF PERIODIC GRANT INSTALLMENT DISBURSEMENTS. THE ABF USUALLY MAKES GRANTS IN SEVERAL INSTALLMENTS TO ENSURE COMPLIANCE WITH PROGRAM, OPERATIONAL AND ACCOUNTING REQUIREMENTS BY THE GRANTEE ORGANIZATION. THE GRANTEES PROVIDE INTERIM OPERATIONAL AND FINANCIAL REPORTS TO THE ABF. THE REPORTS DESCRIBE THE PROGRESS IN ACHIEVING THE GRANT OBJECTIVES AND INCLUDE DETAILED ACCOUNTING OF THE USES OR EXPENDITURES OF ALL GRANT FUNDS. THE PROGRAM DIRECTORS AND THE EVALUATION TEAM OF THE ABF REVIEW THE INTERIM REPORTS AND CONDUCT SITE VISITS TO ENSURE THAT THE PROGRESS INDICATED IN THE REPORTS IS CORRECT. THE ABF FINANCE AND COMPLIANCE FUNCTION REVIEWS THE INTERIM FINANCIAL REPORTS AND SUPPORTING RECORDS, SUCH AS INVOICES AND CONTRACTS. THE GRANTEES PROVIDE A COPY OF AUDITED FINANCIAL STATEMENTS FOR THE ACCOUNTING PERIOD COVERING THE GRANT, IF SUCH ARE AVAILABLE. THE GRANTEES ALSO SUBMIT A WRITTEN REPORT SUMMARIZING THE PROJECT WITHIN TWO MONTHS AFTER COMPLETION OF THE PROJECT IN WHICH THEY INCLUDE A COMPLETE ACCOUNT OF THE EXPENDITURES OF THE GRANT FUNDS AND DETAILED DESCRIPTION OF THE RESULTS AND ACCOMPLISHMENTS OF THE GRANT. THE GRANTEES ARE REQUIRED TO KEEP FINANCIAL RECORDS WITH RESPECT TO EACH GRANT ALONG WITH COPIES OF ANY REPORTS SUBMITTED TO THE ABF FOR AT LEAST TWO YEARS FOLLOWING THE YEAR IN WHICH ALL GRANT FUNDS ARE FULLY EXPENDED. THE ABF AUDIT COMMITTEE AND BOARD OF DIRECTORS EXERCISE OVERSIGHT OVER THE GRANTS DISBURSED THROUGH THE REVIEW OF REPORTS AND PRESENTATIONS BY MANAGEMENT. PART I, LINE 3: GRANTS ARE REPORTED CONSISTENT WITH THE ABF'S FINANCIAL STATEMENTS USING THE ACCRUAL METHOD OF ACCOUNTING. GRANT EXPENDITURES ARE RECOGNIZED IN THE PERIOD THE GRANT AGREEMENT IS SIGNED BY ABF AND THE GRANTEE, PROVIDED THE GRANT IS NOT SUBJECT TO FUTURE CONTINGENCIES. CONDITIONAL GRANTS ARE RECOGNIZED AS GRANT EXPENSE AND AS A GRANT PAYABLE IN THE PERIOD IN WHICH THE GRANTEE MEETS THE TERMS OF THE CONDITIONS. IF PAYMENTS OF THE UNCONDITIONAL PROMISE TO GIVE ARE TO BE MADE TO A RECIPIENT OVER SEVERAL FISCAL PERIODS AND THE RECIPIENT IS SUBJECT ONLY TO ROUTINE PERFORMANCE REQUIREMENTS, A LIABILITY AND AN EXPENSE FOR THE ENTIRE AMOUNT PAYABLE IS RECOGNIZED. INVESTMENT EXPENSES ARE REPORTED CONSISTENT WITH THE ABF'S FINANCIAL STATEMENTS USING THE ACCRUAL METHOD OF ACCOUNTING. SCHEDULE F, PART II, LINE 3: OF THE TOTAL 12 OTHER ORGANIZATIONS REPORTED ON LINE 3, TWO RECIPIENTS ARE EDUCATIONAL INSTITUTIONS, ONE RECIPIENT IS A MUNICIPALITY, AND ONE RECIPIENT IS A GOVERNMENT INSTITUTION. 1 AMERICA FOR BULGARIA FOUNDATION 30 14007 BELL ROAD SUITE 172 HOMER GLEN IL 60491 994303033 501(C)(4) 48724947 407334628 BOOK VALUE MERGER OF ASSETS FUNDING OF NEW ORGANIZATION 0 1 PART I, LINE 2: THE ABF FOLLOWS POLICIES AND PROCEDURES DESIGNED TO MAXIMIZE THE EFFECTIVENESS OF GRANTS, AS WELL AS ENSURE THE GRANT FUNDS ARE USED FOR AN EXEMPT PURPOSE. THESE POLICIES AND PROCEDURES ARE APPLIED CONSISTENTLY FOR GRANTS IN AND OUTSIDE THE UNITED STATES. THE DETAILED POLICIES AND PROCEDURES ARE DESCRIBED IN PART V OF SCHEDULE F. THE ONLY GRANT PROVIDED TO A US ORGANIZATION WAS MADE IN RELATION TO THE MERGER OF AMERICA FOR BULGARIA FOUNDATION WITH A NEWLY FORMED ENTITY AMERICA FOR BULGARIA 3.0, A 501(C)(4) ORGANIZATION WHICH IS ESTABLISHED TO CONTINUE CARRYING OUT THE PURPOSE OF THE DISSOLVING ENTITY. THIS TRANSFER WAS MADE FOLLOWING A SPECIFIC RESOLUTION OF THE BOARD OF DIRECTORS OF THE ABF AND IS CLOSELY MONITORED BY THE BOARD. ALL GRANTS APPROVED BY THE NEW ORGANIZATION WILL BE SUBJECT TO THE SAME APPROVAL AND MONITORING PROCESSES AND PROCEDURES AS DESCRIBED IN PART V OF SCHEDULE F. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 NANCY L SCHILLER - CEO PRES TREASURER, SECRETARY, DIRECTOR 176042 0 85000 0 13297 0 15600 0 27092 0 317031 0 0 0 BOJANA I KOURTEVA CHIEF FINANCIAL OFFICER 98240 0 25000 0 0 0 8297 0 24376 0 155913 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS IS PROVIDED FOR ALL MEMBERS OF THE ABF BOARD OF DIRECTORS. ALL COMPANION TRAVEL SERVES A BONA FIDE BUSINESS PURPOSE AND, THEREFORE, THESE EXPENSES ARE EXCLUDED FROM THE DIRECTORS' TAXABLE INCOME AS A NON-TAXABLE WORKING CONDITION FRINGE BENEFIT. ACCORDINGLY, THE ABF DOES NOT DEDUCT ITS PAYMENTS OF THE DIRECTORS' COMPANION TRAVEL EXPENSE ON ITS TAX RETURN. TAX GROSS-UPS WERE PROVIDED TO ONE UNITED STATES CITIZEN EMPLOYEE WHO WORKS FOR THE ABF ON A FOREIGN ASSIGNMENT BASIS IN SOFIA, BULGARIA. THESE TAX GROSS-UPS, AS PROVIDED BY ABF'S ACCOUNTABLE PLAN, ARE APPROVED BY THE BOARD OF DIRECTORS AND ARE REPORTED AS TAXABLE INCOME ON THE EMPLOYEE'S FORM W-2. A HOUSING ALLOWANCE WAS PROVIDED TO ONE UNITED STATES CITIZEN EMPLOYEE WHO WORKS FOR THE ABF ON A FOREIGN ASSIGNMENT BASIS IN SOFIA, BULGARIA. THE HOUSING ALLOWANCE, AS PROVIDED BY ABF'S ACCOUNTABLE PLAN, IS APPROVED BY THE BOARD OF DIRECTORS AND IS REPORTED AS TAXABLE INCOME ON THE EMPLOYEE'S FORM W-2. TRANSFER OF ASSETS MERGED INTO THE SUCCESSOR ORGANIZATION 2025-06-30 BOOK VALUE 994303033 AMERICA FOR BULGARIA FOUNDATION 30 14007 BELL ROAD SUITE 172 HOMER GLEN IL 60491 501(C)(4) CASH 48724947 INVESTMENTS 436156454 DIVIDENDS RECEIVABLE 476214 PREPAID EXPENSES 253271 ACCRUED INTEREST 176757 FIXED ASSETS, NET 7841888 INVESTMENTS IN SUBSIDIARY 692151 GRANTS PAYABLE -37827301 ACCOUNTS PAYABLE AND ACCRUED PAYROLL -434806 1 1 0 0 1 1 1 1 0 PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: NANCY L. SCHILLER, SUSAN GAIL BUYSKE, JOHN SCOTT CARPENTER, MILENA DRAGIJSKA-DENCHEVA, HRISTO EMILOV MANOV, MELANIE KIRKPATRICK, LYUBOMIR B. LOZANOV, CHRISTINA LUCAS, ANTHONY R. MANNO JR., RODERICK W. MOORE, JOHN SENIOR, LUKE STEIN, KENNETH D. VANDER WEELE, AND DIMITER S. VOUTCHEV WILL REMAIN DIRECTORS OF THE SUCCESSOR ORGANIZATION, AMERICA FOR BULGARIA FOUNDATION 3.0.NANCY L. SCHILLER, BOJANA I. KOURTEVA, SARAH M. PERRINE, AND DESISLAVA N. TALIOKOVA WILL REMAIN EMPLOYEES OF THE SUCCESSOR ORGANIZATION, AMERICA FOR BULGARIA FOUNDATION 3.0. PART I, LINE 1(F): THE ORGANIZATION TRANSFERRED ALL OF ITS ASSETS TO A 501(C)(4) SUCCESSOR ORGANIZATION UNDER THE U.S. INTERNAL REVENUE CODE. IN ORDER TO EFFECTUATE THIS TRANSFER, AMERICA FOR BULGARIA FOUNDATION MERGED INTO A NEWLY FORMED ENTITY, AMERICA FOR BULGARIA FOUNDATION 3.0, EFFECTIVE JUNE 30, 2025. PART I, LINE 5 AND PART V, LINE 2A: THE ABF HAD A TOTAL NUMBER OF 32 EMPLOYEES. ONLY THREE WERE INCLUDED IN PART V, LINE 2A, AS THE REMAINDER ARE EMPLOYEES FOR WHOM THE ABF IS NOT REQUIRED TO FILE FORM W-2. FORM 990, PAGE 1, BOX I - TAX EXEMPT STATUS: IN 2019, ABF BEGAN THE PROCESS OF TRANSITIONING FROM 501(C)(3) TO 501(C)(4) STATUS. ALTHOUGH ABF HAS ATTEMPTED TO FILE ITS FORM 990 ON MULTIPLE OCCASIONS CHECKING THE BOX THAT IT IS A 501(C)(4) ORGANIZATION AND HAS PROVIDED MAILED COPIES OF THE FORM 990 TO THE IRS, THE IRS E-FILING SYSTEM HAS NOT BEEN ABLE TO ACCEPT THE RETURNS. ACCORDINGLY, ABF HAS CHECKED THE BOX ON THIS FINAL RETURN THAT IT IS A 501(C)(3) ENTITY FOR PURPOSES OF PERMITTING THE FORM 990 TO BE ELECTRONICALLY FILED WITH THE IRS, BUT NOTES THAT IT IS A 501(C)(4). FORM 990, PART III, LINE 3 THE ORGANIZATION FILED A CERTIFICATE OF MERGER AND COMPLETED THE TRANSACTION ON JUNE 30, 2025. THE ORGANIZATION TERMINATED AT THE DATE OF MERGER AND TRANSFERRED ALL REMAINING ASSETS TO THE SUCCESSOR ORGANIZATION. ALL PROGRAM SERVICES AND OPERATIONS WILL BE PERFORMED UNDER THE SUCCESSOR ORGANIZATION NAME AND EIN IN THE SAME MANNER AND CAPACITY AS THE TERMINATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION FILED A CERTIFICATE OF MERGER AND COMPLETED THE TRANSACTION ON JUNE 30, 2025. THE ORGANIZATION TERMINATED AT THE DATE OF MERGER AND TRANSFERRED ALL ASSETS TO THE SUCCESSOR ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE AMERICA FOR BULGARIA FOUNDATION WAS ORGANIZED NOT FOR PROFIT AS A NON-STOCK CORPORATION UNDER THE GENERAL CORPORATION LAW OF THE STATE OF DELAWARE ON DECEMBER 16, 2019. THE PERSONS WHO SERVE ON THE BOARD OF DIRECTORS (THE GOVERNING BODY) OF THE ABF ARE THE ONLY MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CORPORATION, WHO ALSO CONSTITUTE ITS BOARD OF DIRECTORS, ARE ENTITLED BY THE ABF'S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO ELECT PERSONS TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ARTICLE EIGHT OF THE ABF'S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION PROVIDES THAT: "THE BOARD OF DIRECTORS OF THE CORPORATION SHALL BE DIVIDED INTO THREE CLASSES AS NEARLY EQUAL IN SIZE AS IS PRACTICABLE, HEREBY DESIGNATED CLASS I, CLASS II, CLASS III. THE TERM OF OFFICE OF THE INITIAL CLASS I DIRECTORS SHALL EXPIRE AT THE NEXT SUCCEEDING ANNUAL MEETING OF THE MEMBERS, THE TERM OF OFFICE OF THE INITIAL CLASS II DIRECTORS SHALL EXPIRE AT THE SECOND SUCCEEDING ANNUAL MEETING OF THE MEMBERS, AND THE TERM OF OFFICE OF THE INITIAL CLASS III DIRECTORS SHALL EXPIRE AT THE THIRD SUCCEEDING ANNUAL MEETING OF THE MEMBERS. THE INITIAL CLASS I, CLASS II AND CLASS III DIRECTORS SHALL BE THOSE DIRECTORS DESIGNATED AS SUCH IN ARTICLE NINTH HEREOF. AT EACH ANNUAL MEETING OF THE MEMBERS, DIRECTORS TO REPLACE THOSE OF A CLASS WHOSE TERMS EXPIRE AT SUCH ANNUAL MEETING SHALL BE ELECTED TO HOLD OFFICE UNTIL THE THIRD SUCCEEDING ANNUAL MEETING THEREAFTER AND UNTIL THEIR RESPECTIVE SUCCESSORS SHALL HAVE BEEN DULY ELECTED AND QUALIFIED. IF THE NUMBER OF DIRECTORS IS HEREAFTER CHANGED, ANY NEWLY CREATED DIRECTORSHIPS OR DECREASE IN DIRECTORSHIPS SHALL BE SO APPORTIONED AMONG THE CLASSES AS TO MAKE ALL CLASSES AS NEARLY EQUAL IN NUMBER AS PRACTICABLE. THE ELECTION OF DIRECTORS NEED NOT BE BY WRITTEN BALLOT. ANY DIRECTOR MAY BE REMOVED AT ANY TIME, WITH OR WITHOUT CAUSE, BY A VOTE OF A MAJORITY OF THE MEMBERS. ANY VACANCY OCCURRING ON THE BOARD OF DIRECTORS OF THE CORPORATION MAY BE FILLED BY A MAJORITY OF THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION, ALTHOUGH LESS THAN A QUORUM, AT ANY MEETING OF THE BOARD OF DIRECTORS OF THE CORPORATION. ANY DIRECTOR ELECTED TO FILL ANY VACANCY ON THE BOARD OF DIRECTORS OF THE CORPORATION SHALL BE ELECTED TO SERVE THE UNEXPIRED TERM OF THE DIRECTORSHIP." FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER (CFO) IS RESPONSIBLE FOR THE PREPARATION AND THE FILING OF THE IRS FORM 990 AND ALL NECESSARY EXTENSIONS. THE FORM IS COMPLETED BY THE FINANCE FUNCTION OF THE ABF. AS PART OF THE PREPARATION PROCESS, ISSUES ARE DISCUSSED WITH OUTSIDE LEGAL AND TAX COUNSEL AND AN EXTERNAL TAX SERVICE CONSULTANT FOR NONPROFIT ORGANIZATIONS. AFTER A REVIEW BY THE CFO, COPIES OF THE FORM ARE PROVIDED TO THE PRESIDENT AND THE EXECUTIVE DIRECTOR OF THE FOUNDATION FOR THEIR REVIEW AND FEEDBACK. A COPY OF THE FORM IS DISTRIBUTED TO THE MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. DURING A SCHEDULED MEETING OF THE AUDIT COMMITTEE, THE CFO REVIEWS THE FORM WITH THE AUDIT COMMITTEE AND ANY NECESSARY CHANGES ARE MADE. BEFORE THE FORM IS FILED, A COPY OF THE APPROVED FORM IS PROVIDED TO ALL OFFICERS AND DIRECTORS FOR THEIR COMMENTS. THE FORM IS THEN FINALIZED AND SIGNED BY THE PRESIDENT OR THE CFO. AFTER FILING WITH THE IRS, A COPY OF THE SIGNED FORM IS DISTRIBUTED TO ALL DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE DIRECTORS, OFFICERS, AND EMPLOYEES OF THE ABF REVIEW THE FOUNDATION'S CONFLICT OF INTEREST POLICY, DISCLOSE ANY CONFLICT NOT PREVIOUSLY DISCLOSED, AND UPDATE THE STATUS OF ANY PREVIOUS CONFLICTS OF INTEREST REPORTED IN PRIOR PERIODS. IN ADDITION, ALL DIRECTORS, OFFICERS, AND EACH EMPLOYEE ANNUALLY SIGN A STATEMENT AFFIRMING THAT HE/SHE HAS READ THE POLICY, AGREES TO COMPLY WITH THE POLICY, AND ACKNOWLEDGES THAT HE/SHE EITHER IS NOT AWARE OF ANY VIOLATIONS OR IS DISCLOSING THEREIN ANY KNOWN VIOLATIONS. THE COMPLETED CONFLICT OF INTEREST POLICY STATEMENTS ARE REVIEWED BY THE CFO, EXECUTIVE DIRECTOR AND PRESIDENT TO DETERMINE WHETHER CONFLICTS EXIST. ACTUAL CONFLICTS ARE REVIEWED WITH THE BOARD OF DIRECTORS. NO MEMBER OF THE BOARD OF DIRECTORS OF THE ABF OR ANY OFFICER OR MANAGEMENT EMPLOYEE OF THE ABF SHALL ORIGINATE, PARTICIPATE IN, OR VOTE ON ANY TRANSACTION INVOLVING THE ABF IN WHICH SUCH PERSON HAS A CONFLICT OF INTEREST. IN PARTICULAR, A DIRECTOR OF THE ABF SHALL RECUSE HIM/HERSELF FROM THE BOARD'S DELIBERATIONS REGARDING ANY MATTER IN WHICH THE DIRECTOR HAS A CONFLICT OF INTEREST UNLESS THE CHAIRMAN OF THE BOARD DETERMINES THAT RECUSAL IS UNNECESSARY IN THE PARTICULAR INSTANCE. IN ADDITION, AN EMPLOYEE SHALL NOT BE THE RESPONSIBLE STAFF PERSON ON A TRANSACTION IN WHICH HE/SHE HAS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE PRESIDENT, EXECUTIVE DIRECTOR, AND CFO COMPRISES STUDIES OF COMPARATIVE DATA, REVIEW OF FORM 990 FOR OTHER ORGANIZATIONS, APPROVAL BY INDEPENDENT PERSONS, AND ANNUAL REVIEW. THE PROCESS FOR DETERMINING COMPENSATION FOR ALL OTHER EMPLOYEES INCLUDES A MARKET STUDY, ANNUAL REVIEW AND APPROVAL BY THE AUDIT COMMITTEE. THE COMPENSATION FOR THE PRESIDENT, EXECUTIVE DIRECTOR AND CFO AND ALL OTHER EMPLOYEES WAS LAST REVIEWED IN DECEMBER 2024. THE PROCESS AND DECISIONS ARE DOCUMENTED IN THE MINUTES OF THE AUDIT COMMITTEE AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ABF MAKES AVAILABLE FOR PUBLIC INSPECTION ITS GOVERNING DOCUMENTS, CODE OF ETHICS, CONFLICT OF INTEREST POLICY, FRAUD POLICY, AND FINANCIAL STATEMENTS BY PROVIDING COPIES UPON REQUEST. IN ADDITION, THE CODE OF ETHICS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ABF'S WEBSITE. PART VII, SECTION A, LINE 1A, COLUMN (D): IN 2025, ABF HAD FOUR DIRECTORS WHO ARE NON-U.S. PERSONS AND RECEIVED UNITED STATES SOURCED INCOME, WHICH WAS REPORTED ON FORM 1042-S, AND ALSO REPORTED IN PART VII, SECTION A, LINE 1A, COLUMN (D). FORM 990, PART VII, SECTION A, COLUMN (B) & (D)-(F): THE ORGANIZATION IS FILING A SHORT-PERIOD FINAL RETURN FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2025 AS A RESULT OF A MERGER WITH A SUCCESSOR ORGANIZATION. ALL OF THE OFFICERS, DIRECTORS, AND HIGHEST COMPENSATED EMPLOYEES RETAINED THEIR POSITIONS AT THE SUCCESSOR ORGANIZATION SUBSEQUENT TO THE MERGER. THE AVERAGE HOURS DEVOTED TO EACH INDIVIDUAL'S POSITION IN PART VII, SECTION A, COLUMN (B) FOR THE RELATED ORGANIZATION ARE REPORTED AS ZERO FOR THE SHORT-PERIOD RETURN, AS THEY DID NOT DEVOTE TIME TO THEIR POSITIONS AT THE SUCCESSOR ORGANIZATION UNTIL AFTER THE MERGER WAS COMPLETED. THE COMPENSATION IN COLUMNS (D), (E), AND (F) FOR EACH INDIVIDUAL REFLECTS AMOUNTS PAID FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2025. TAX RETURNS FOR COMPENSATION PAID TO THE DIRECTORS AND EMPLOYEES WERE FILED UNDER THE FILING ORGANIZATION'S FEDERAL EIN. FORM 990, PART XI, LINE 9: REVERSED GRANTS EXPENSE 67,500. NON-DEDUCTIBLE COMPANION TRAVEL EXPENSES -42,431. UNREALIZED FOREIGN EXCHANGE GAIN -2,268,137. IMPAIRMENT LOSS ON INVESTMENT IN SUBSIDIARY -13,871,009. PART XII, LINE 2C: THE ABF HAS NOT CHANGED THE PROCESS FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS NOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990, PART IV, LINE 12A AND PART XII, LINE 2: THE ORGANIZATION MERGED WITH A SUCCESSOR ORGANIZATION AND TRANSFERRED ALL OF ITS OPERATIONS AND ASSETS AS OF JUNE 30, 2025 TO THE SUCCESSOR ORGANIZATION, RESULTING IN A FINAL FILING FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2025. PRIOR TO THE MERGER, THE TERMINATING ORGANIZATION AND THE SUCCESSOR ORGANIZATION OPERATED ESSENTIALLY AS A SINGLE ENTITY. AT THE TIME OF FILING THIS FORM 990, A CONSOLIDATED AUDIT COVERING THE FULL CALENDAR YEAR ENDED DECEMBER 31, 2025, INCLUDING THE ACTIVITY OF BOTH ENTITIES, IS IN PROCESS. THE ACTIVITY FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2025 REPORTED IN THIS FORM 990 WILL BE INCLUDED IN THE FINAL CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2025. AMERICA FOR BULGARIA FOUNDATION 30 14007 BELL ROAD SUITE 172 HOMER GLEN IL 60491 994303033 PROMOTING ECONOMIC DEVELOPMENT AND CIVIL SOCIETY IN BULGARIA DE 501(C)(4) AMERICA FOR BULGARIA FOUNDATION 1 ABF PROPERTY EOOD 6 MALYOVICA ST SOFIA BU 1000 PROPERTY MANAGEMENT BU AMERICA FOR BULGARIA FOUNDATION C 4 651722 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 AMERICA FOR BULGARIA FOUNDATION 30 B 456059575 FMV