TY 2024 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(1) NANCY L SCHILLER - CEO PRES...................................................................... TREASURER, SECRETARY, DIRECTOR	40.00 .................	X	X		456,869	0	89,204
(2) SUSAN GAIL BUYSKE - CHAIR OF...................................................................... THE BOARD, SECRETARY, DIRECTOR	10.00 .................	X	X		35,000	0	0
(3) JOHN SCOTT CARPENTER...................................................................... DIRECTOR	2.00 .................	X			30,000	0	0
(4) MILENA DRAGIJSKA-DENCHEVA...................................................................... DIRECTOR	2.00 .................	X			0	0	0
(5) MELANIE KIRKPATRICK...................................................................... DIRECTOR	5.00 .................	X			30,000	0	0
(6) LYUBOMIR B LOZANOV...................................................................... DIRECTOR	2.00 .................	X			30,000	0	0
(7) CHRISTINA LUCAS...................................................................... DIRECTOR	2.00 .................	X			30,000	0	0
(8) ANTHONY R MANNO JR...................................................................... DIRECTOR	5.00 .................	X			30,000	0	0
(9) HRISTO EMILOV MANOV...................................................................... DIRECTOR (AS OF 07/24)	2.00 .................	X			15,000	0	0
(10) CHRIS J MATLON...................................................................... SECRETARY, DIRECTOR	2.00 .................	X	X		30,000	0	0
(11) RODERICK W MOORE...................................................................... DIRECTOR	2.00 .................	X			30,000	0	0
(12) KENNETH D VANDER WEELE...................................................................... DIRECTOR	5.00 .................	X			30,000	0	0
(13) DIMITER S VOUTCHEV...................................................................... DIRECTOR	2.00 .................	X			30,000	0	0
(14) BOJANA I KOURTEVA...................................................................... CHIEF FINANCIAL OFFICER	40.00 .................		X		211,018	0	69,992
(15) DESISLAVA N TALIOKOVA...................................................................... EXECUTIVE DIRECTOR	40.00 .................		X		228,176	0	1,194
(16) SARAH M PERRINE - PROGRAM...................................................................... DIRECTOR, ECONOMICALLY DISADVANTAGED	40.00 .................			X	180,810	0	34,346

(A) Name and business address	(B) Description of services	(C) Compensation
INDEPENDENT FRANCHISE PARTNERS GLOBAL EQ 2801 CENTERVILLE ROAD WILMINGTON,DE19808	INVESTMENT MANAGEMENT FEE	256,373
WCM INVESTMENT MANAGEMENT LLC 281 BROOKS STREET LAGUNA BEACH,CA92651	INVESTMENT MANAGEMENT FEE	243,595
KIRKLAND & ELLIS LLP 300 N LASALLE STREET CHICAGO,IL60654	LEGAL SERVICES	205,410
NEPC LLC 255 STATE STREET BOSTON,MA02109	INVESTMENT MANAGEMENT FEE	164,734
AXIOM INTERNATIONAL INVESTORS LLC 33 BENEDICT PLACE GREENWICH,CT06830	INVESTMENT MANAGEMENT FEE	137,226
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 6

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
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Attach to Form 990 or Form 990-EZ.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public
Inspection

Name of the organization

AMERICA FOR BULGARIA FOUNDATION

Employer identification number

20-8076166

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2024

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	23,455	15,462	2,919	30	130	41,996
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	23,455	15,462	2,919	30	130	41,996
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..
6	Public support. Subtract line 5 from line 4.						41,996

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
7	Amounts from line 4..	23,455	15,462	2,919	30	130	41,996
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	10,029,485	10,874,763	9,497,656	7,646,653	9,479,316	47,527,873
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10						47,569,869

Gross receipts from related activities, etc. (see instructions) ..................

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2024 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2023 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2024. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2023. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2024. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990) 2024

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2024 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2023 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2024 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2023 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2024. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3 % support tests—2023. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2024

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990) 2024

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990) 2024

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2024

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2024 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2024	(iii) Distributable Amount for 2024
1 Distributable amount for 2024 from Section C, line 6
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2024:
a From 2019.......
b From 2020.......
c From 2021.......
d From 2022.......
e From 2023.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2024 distributable amount
i Carryover from 2019 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2024 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2024 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2025. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2020.....
b Excess from 2021.....
c Excess from 2022.....
d Excess from 2023.....
e Excess from 2024.....

Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test
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 RETURN THAT IT IS A 501(C)(3) ENTITY FOR PURPOSES OF PERMITTING THE FORM TO BE FILED WITH THE IRS, BUT NOTES THAT IT IS A 501(C)(4).

Facts And Circumstances Test

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 RETURN THAT IT IS A 501(C)(3) ENTITY FOR PURPOSES OF PERMITTING THE FORM TO BE FILED WITH THE IRS, BUT NOTES THAT IT IS A 501(C)(4).

Return Reference	Explanation

Schedule A (Form 990) 2024

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow

Attach to Form 990.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

AMERICA FOR BULGARIA FOUNDATION

Employer identification number

20-8076166

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow

Number of states where property subject to conservation easement is located right arrow

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... right arrow

(ii)

Assets included in Form 990, Part X ............................... right arrow

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... right arrow

Assets included in Form 990, Part X ............................... right arrow

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) (Rev. 1-2025)

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment right arrow

Permanent endowment right arrow

Term endowment right arrow

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....	9,329,051	1,592,665	7,736,386
c	Leasehold improvements
d	Equipment ....	708,607	523,075	185,532
e	Other .....	128,993		128,993
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				8,050,911

Schedule D (Form 990) (Rev. 1-2025)

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) PRIVATE MUTUAL FUNDS	132,268,009	F
(B) INVESTMENT IN SUBSIDIARY-BULGARIAN CORPORATION	692,151	F
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	132,960,160

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes









Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) (Rev. 1-2025)

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	64,354,835
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	43,490,908
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c	159,092
d	Other (Describe in Part XIII.) ...........	2d	1,218,304
e	Add lines 2a through 2d .....................			2e	44,868,304
3	Subtract line 2e from line 1..................			3	19,486,531
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a	1,364,755
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c	1,364,755
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	20,851,286

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	18,498,079
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ...........	2d	56,285
e	Add lines 2a through 2d....................			2e	56,285
3	Subtract line 2e from line 1...................			3	18,441,794
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a	1,364,755
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.....................			4c	1,364,755
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	19,806,549

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
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 YEARS ENDED DECEMBER 31, 2024 AND 2023.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	UNREALIZED EXCHANGE RATE LOSS 1,218,304.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	NON-DEDUCTIBLE COMPANION TRAVEL EXPENSES 56,285.

Schedule D (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right arrow

Attach to Form 990. Right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization
AMERICA FOR BULGARIA FOUNDATION

Employer identification number

20-8076166

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(e) If activity listed in (d) is a program service, describe specific type of service(s) in the region	(f) Total expenditures for and investments in the region
	EUROPE	1	32	GRANTMAKING	N/A	12,474,083
	EUROPE	0	0	PROGRAM SERVICES	LEADERSHIP PROGRAMS AND CULTURAL HERITAGE SITES SUPPORT	598,170
	EUROPE	0	0	PROGRAM SERVICES	ADMINISTRATIVE EXPENSES	2,982,509
	EUROPE	0	0	INVESTMENTS	N/A	4,783,204
	EUROPE	0	0	PROGRAM SERVICES	INVESTMENTS-EXPENSES	230












3a	Sub-total ....	1	32			20,838,196
b	Total from continuation sheets to Part I ...	0	0			0
c	Totals (add lines 3a and 3b)	1	32			20,838,196

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) (Rev. 1-2025)

Schedule F (Form 990) (Rev. 1-2025)

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(h) Description of noncash assistance	(i) Method of valuation (book, FMV, appraisal, other)
EUROPE	SUPPORT FOR A PROJECT THAT AIMS TO IMPROVE THE TEACHING OF COMMUNIST HISTORY AND INCREASE CIVIC EDUCATION	1,195,310	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT TO A PROJECT FOR PROTECTING QUALITY JOURNALISM	1,089,518	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT OF MATCHING FUNDS COVERING INDIVIDUAL DONATIONS TO THE AMERICAN UNIVERSITY IN 2024	1,000,000	ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR EFFECTIVE JUDICIAL SYSTEM TO ENSURE A BUSINESS ENABLING ENVIRONMENT	759,660	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT THAT AIMS TO IMPROVE COMMUNICATION ACTIVITIES IN THE NGO SECTOR IN BG	696,009	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR THE RESEARCH AND DEVELOPMENT PROGRAM IN THE FIELD OF AI, SCIENCE AND TECHNOLOGY	600,000	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR LEADERSHIP TRAINING OF BULGARIANS IN THE UNITED STATES	544,456	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT THAT PROVIDES MENTORSHIP AND DEVELOPMENT IN JOURNALISM TO BULGARIAN STUDENTS	456,256	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROGRAM DEVELOPING EFFECTIVE VOLUNTEERISM	446,978	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROGRAM THAT PROVIDES EQUAL ACCESS TO ENTREPRENEURSHIP SKILLS FOR STUDENTS IN BULGARIA	397,364	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO FOSTER PRIVATE SECTOR IN BULGARIA BY COLLABORATION BETWEEN THE ENTREPRENEURIAL COMMUNITIES IN THE US AND BULGARIA	350,000	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT FOR SUSTAINABLE MODEL TO SUPPORT ACTIVE COMMUNITIES AND LOCAL INITIATIVES	305,961	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO ENHANCE QUALITY JOURNALISM USING THE ARTIFICIAL INTELLIGENCE (AI) TECHNOLOGY	295,567	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROGRAM TO DEVELOP ENTREPRENEURSHIP, BUSINESS, AND LEADERSHIP SKILLS	223,762	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	ENTREPRENEURSHIP SUPPORT FOR COMMUNITY DEVELOPMENT OF FAMILIES IN RURAL AREA	207,501	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO SUPPORT LOCAL COMMUNITIES AND BOOST TOURISM AND BUSINESS DEVELOPMENT IN RURAL AREAS	202,145	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO FOSTER KNOWLEDGE EXCHANGE AND CROSS-CULTURAL COLLABORATION BETWEEN THE ENTREPRENEURIAL COMMUNITIES IN THE US AND BULGARIA	150,000	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT FOR PROVIDING HIGH-SCHOOL EDUCATION TO DISPLACED UKRAINIAN STUDENTS	138,186	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROGRAM TO IMPROVE MATH TEACHERS' PRACTICES THROUGH THE USE OF KHAN ACADEMY AND ENHANCE STUDENTS MATH SKILLS	124,382	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR THE ADMINISTRATION AND ORGANIZATION OF THE 3RD EDITION OF THE LEADERSHIP PROGRAM (LEAP III)	105,259	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT THAT AIMS TO DELIVER POLICY CHANGES IN THE HEALTHCARE IN BULGARIA	103,320	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO BUILD YOUNG AUTHORS AND DEVELOPING THEIR POTENTIAL IN HUMORISTIC JOURNALISM	102,269	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A MASTER'S PROGRAM FOR EDUCATION ON CONTEMPORARY MUSEUM EXHIBITIONS	102,063	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	ADMINISTRATIVE SUPPORT FOR MANAGING SELECTION PROCESS AND MONITORING APPROVED PROJECTS UNDER THE 3RD EDITION OF RFP	87,743	WIRE TRANSFER	N/A	N/A
EUROPE	GENERAL SUPPORT OF AN NGO FOR ITS GROWTH, OPERATIONS AND INSTITUTIONAL CAPACITY	84,061	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	83,832	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	82,190	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	81,993	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	81,532	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR THE ORGANIZATION OF A CONFERENCE AND A SERIES OF PUBLIC EVENTS THEMED ON DEMOCRACY AND THE FALL OF THE BERLIN WALL	78,669	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	76,102	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	66,412	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	65,624	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT FOR THAT SUPPORTS THE JUDICIAL SYSTEM REFORM IN BULGARIA AND BUSINESS ENVIRONMENT	63,963	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROGRAM FOR DEVELOPING GREEN INNOVATION, ENTREPRENEURIAL AND E-STEM SKILLS OF SCHOOL STUDENTS	58,771	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT FOR DEVELOPMENT OF A MENTORSHIP AND EDUCATION PROGRAM FOR STUDENTS	56,465	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT AIMING TO INFORM AND PROMOTE PEDIATRICS AMONG MEDICAL STUDENTS IN BULGARIA	42,929	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO SUPPORT THE PROFESSIONAL DEVELOPMENT OF YOUNG BULGARIAN JOURNALISTS	42,916	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT A DIGITAL INFRASTRUCTURE FOR A FORMER COMMUNIST CAMP TO ATTRACT TOURISTS IN THE NW BULGARIA	38,828	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO COVER THE US PRESIDENTIAL ELECTION IN 2024	38,364	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO COVER THE US PRESIDENTIAL ELECTION IN 2024	38,001	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO COVER THE US PRESIDENTIAL ELECTION IN 2024	36,310	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT FOR DEVELOPING VIDEO LESSONS TO ENHANCE INDEPENDENT JOURNALISM	32,301	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	GENERAL SUPPORT	30,000	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT	28,335	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT FOR PUBLISHING A BOOK AND ORGANIZING AN EXHIBITION DEDICATED TO HISTORY	28,271	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	27,820	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	27,503	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO PROVIDE PSYCHOSOCIAL SUPPORT AND CARE FOR CHILDREN WITH CANCER AND THEIR FAMILIES	27,447	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO INCREASE VISIBILITY OF THE BULGARIAN TOURISM SECTOR	27,341	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR THE ORGANIZATION OF WORKSHOPS AND COURSES FOR STUDENTS FOR CREATION OF VIDEO GAMES' CONTENT	27,296	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	26,837	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT AIMING TO PROVIDE MEDICAL CHECKS FOR PEOPLE IN DISTANT REGIONS OF THE COUNTRY	26,677	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR INCREASING THE CONTENT AND THE PRESENCE OF A BULGARIAN ONLINE MEDIA	26,112	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT FOR DEVELOPMENT OF A CULTURAL PROGRAM AND RENOVATION OF ART SPACES	21,470	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A SUMMER CAMP TO PREPARE AND INCREASE STUDENTS' ASTRONOMY KNOWLEDGE	20,749	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO RAISE AWARENESS FOR DISCRIMINATION PRACTICES AND NON-EQUAL OPPORTUNITIES IN BG	20,548	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO INSPIRE AND DEVELOP SKILLS IN SPACE TECHNOLOGIES FOR YOUNG BULGARIANS	16,649	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR ORGANIZING AN EVENT FOR THE PRIVATE SECTOR TO RAISE AWARENESS FOR ISSUES THAT CSOS FACE IN BULGARIA	14,263	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR ORGANIZING AN EVENT TO SUPPORT THE CIVIL SOCIETY ORGANIZATIONS IN BULGARIA	14,239	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT FOR THE DEVELOPMENT OF A GUIDE FOR DOCTORS AND PATIENTS WITH BREAST CANCER TO IMPROVE THEIR QUALITY OF LIFE	14,124	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT FOR ORGANIZING A MULTIMEDIA PHOTOGRAPHY EXHIBITION	14,116	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR PRESENTATION OF AN EXHIBITION DEDICATED TO THE DISINFORMATION, FORGERY AND FALSIFICATION IN THE WORLD HISTORY	13,965	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO BOOST TOURISM DEVELOPMENT IN NORTHWEST BULGARIA	13,938	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR THE INSTALLATION OF BICYCLE STATIONS ALONG THE DANUBE RIVER AND PROMOTE BIKING TOURISM IN THE AREA	13,938	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR THE PARTICIPATION OF BULGARIAN YOUTH IN THE EUROPEAN INITIATIVE FOR CITIZENSHIP EDUCATION	13,914	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A COMPETITION FOR YOUNG FILMMAKERS TO DESIGN, PREPARE AND PRESENT A SHORT MOVIE FOR DEMOCRACY	13,837	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A SUMMER LEADERSHIP ACADEMY FOR YOUTH	13,825	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT THAT AIMS TO INCREASE CIVIC EDUCATION OF THE YOUNG PEOPLE IN BULGARIA	13,823	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR AN EVENT TO MOTIVATE YOUNG BULGARIANS TO CONTINUE EDUCATION AND PROFESSIONAL DEVELOPMENT	13,819	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR ORGANIZATION OF BIKE TOURS THAT TO INCREASE TOURISM DEVELOPMENT IN NORTHWEST BULGARIA	13,819	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A TRAINING COURSE FOR YOUTH FOR CREATING VIDEO GAMES AND DEVELOPING VR CONTENT	13,732	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR AN INTERACTIVE COOKING CLASS AIMING TO INCREASE AND DEVELOP TOURISM	13,663	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	13,650	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	13,650	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	13,650	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO ENRICH THE EDUCATION OF YOUNG HEALTHCARE PROFESSIONALS AND STUDENTS WITH ENTREPRENEURIAL AND LEADERSHIP SKILLS	13,611	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A MUSIC EVENT THAT AIMS TO PROMOTE THE FREEDOM, DEMOCRACY AND MORAL VALUES AMONG YOUTH IN BULGARIA.	13,586	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT THAT AIMS TO EDUCATE AND ENGAGE YOUTH AND CITIZENS IN BULGARIA IN THE ADVOCACY PROCESS	13,528	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	12,716	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PUBLIC CAMPAIGN FOR TAX DECENTRALIZATION IN BULGARIA	12,134	WIRE TRANSFER AND ACCRUAL	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	12,017	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A SPORT EVENT WHERE MONEY ARE RAISED FOR FIGHTING BREAST CANCER	11,348	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT TO PROMOTE FESTIVAL TOURISM AND DEVELOP LOCAL COMMUNITIES IN NORTHWEST BULGARIA	9,998	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT THAT ENABLES LOCAL COMMUNITIES AND BUSINESS TO SUPPORT CHARITABLE CAUSES	8,466	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROGRAM FOR DEVELOPING BUSINESS AND LEADERSHIP SKILLS OF ENTREPRENEURS AND START-UPS	8,195	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR PARTICIPATION IN A CONFERENCE DEDICATED TO INDEPENDENT MEDIA AND INNOVATION IN JOURNALISM	8,058	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR A PROJECT APPROVED IN RFP FOR TOURISM DEVELOPMENT IN NORTHWEST BULGARIA AND ALONG THE DANUBE	7,177	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR ORGANIZATION OF CHARITY EVENTS AND BUSINESS MEETINGS	6,095	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR ORGANIZATION OF AN ANNUAL CHARITY EVENT	5,858	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR THE SUSTAINABILITY OF THE WEBSITE THAT IS USED AS A PLATFORM FOR INDEPENDENT JOURNALISM IN BG	5,521	WIRE TRANSFER	N/A	N/A
EUROPE	SUPPORT FOR AN EVENT WITH A FOCUS ON THE SUPPORT AND ENHANCEMENT OF CIVIC EDUCATION, POLITICAL AND ECONOMIC ENGAGEMENT OF YOUTH	5,267	WIRE TRANSFER	N/A	N/A
EUROPE	DISCOUNT ON GRANTS PAYABLE	804,203	WIRE TRANSFER	N/A	N/A

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......	70
3	Enter total number of other organizations or entities .......................	22

Schedule F (Form 990) (Rev. 1-2025)

Schedule F (Form 990) (Rev. 1-2025)Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance		(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement	(f) Amount of noncash assistance	(g) Description of noncash assistance	(h) Method of valuation (book, FMV, appraisal, other)

Schedule F (Form 990) (Rev. 1-2025)

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) (Rev. 1-2025)

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.

ReturnReference	Explanation
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 22 OTHER ORGANIZATIONS REPORTED ON LINE 3, FIVE RECIPIENTS ARE EDUCATIONAL INSTITUTIONS OR CULTURAL INSTITUTIONS AND ONE RECIPIENT IS AN INTERGOVERNMENTAL INSTITUTION.

Schedule F (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic

Attach to Form 990.
medium right arrow graphic

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

AMERICA FOR BULGARIA FOUNDATION

Employer identification number

20-8076166

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) (Rev. 1-2025)

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1NANCY L SCHILLER - CEO PRES TREASURER, SECRETARY, DIRECTOR	(i) (ii)	325,000 ------------- 0	75,000 ------------- 0	56,869 ------------- 0	35,005 ------------- 0	54,199 ------------- 0	546,073 ------------- 0	0 ------------- 0
2BOJANA I KOURTEVA CHIEF FINANCIAL OFFICER	(i) (ii)	190,748 ------------- 0	20,000 ------------- 0	270 ------------- 0	20,416 ------------- 0	49,576 ------------- 0	281,010 ------------- 0	0 ------------- 0
3DESISLAVA N TALIOKOVA EXECUTIVE DIRECTOR	(i) (ii)	203,176 ------------- 0	25,000 ------------- 0	0 ------------- 0	398 ------------- 0	796 ------------- 0	229,370 ------------- 0	0 ------------- 0
4SARAH M PERRINE - PROGRAM DIRECTOR, ECONOMICALLY DISADVANTAGED	(i) (ii)	170,000 ------------- 0	7,500 ------------- 0	3,310 ------------- 0	16,306 ------------- 0	18,040 ------------- 0	215,156 ------------- 0	0 ------------- 0

Schedule J (Form 990) (Rev. 1-2025)

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference

Explanation

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.

Schedule J (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization

AMERICA FOR BULGARIA FOUNDATION

Employer identification number

20-8076166

Return Reference	Explanation
PART I, LINE 5 AND PART V, LINE 2A:	THE ABF HAS 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 RETURN THAT IT IS A 501(C)(3) ENTITY FOR PURPOSES OF PERMITTING THE FORM TO BE FILED WITH THE IRS, BUT NOTES THAT IT IS A 501(C)(4).
FORM 990, PART VI, SECTION A, LINE 2	TWO OF THE MEMBERS OF THE BOARD OF DIRECTORS, CHRIS J. MATLON AND DIMITER S. VOUTCHEV, HAVE A BUSINESS RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 4	AMERICA FOR BULGARIA FOUNDATION AMENDED ITS BYLAWS TO CLARIFY THE RESPONSIBILITIES OF THE SECRETARY POSITION. THE UPDATED PROVISION STATES THAT WHENEVER THE CORPORATION HAS ONE OR MORE OFFICERS HOLDING THE TITLE OF SECRETARY, EACH SUCH OFFICER SHALL HAVE, AND MAY EXERCISE, ALL OF THE POWERS AND RESPONSIBILITIES OF THE SECRETARY.
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 2024, ABF HAD FOUR DIRECTORS WHO ARE FOREIGN 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 XI, LINE 9:	REVERSED GRANTS EXPENSE 159,092. NON-DEDUCTIBLE COMPANION TRAVEL EXPENSES -56,285. UNREALIZED FOREIGN EXCHANGE LOSS 1,218,304.
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.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

AMERICA FOR BULGARIA FOUNDATION

Employer identification number

20-8076166

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) (Rev. 1-2025)

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) ABF PROPERTY EOOD 6 MALYOVICA ST SOFIA 1000 BU	PROPERTY MANAGEMENT	BU	AMERICA FOR BULGARIA FOUNDATION	C	7	580,215	100.000 %	Yes

Schedule R (Form 990) (Rev. 1-2025)

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved

Schedule R (Form 990) (Rev. 1-2025)

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) (Rev. 1-2025)

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: 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.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	13
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	12
5	Total number of individuals employed in calendar year 2024 (Part V, line 2a) ......	5	3
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	30	130
9	Program service revenue (Part VIII, line 2g) .........	0	0
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	20,758,807	20,789,894
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	-37,360	61,262
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	20,721,477	20,851,286
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	32,269,056	12,474,083
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	3,184,947	3,053,561
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	5,039,624	4,278,905
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	40,493,627	19,806,549
19	Revenue less expenses. Subtract line 18 from line 12.......	-19,772,150	1,044,737
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	459,280,438	501,001,329
21	Total liabilities (Part X, line 26).............	28,942,843	24,806,978
22	Net assets or fund balances. Subtract line 21 from line 20.....	430,337,595	476,194,351

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 15,223,516 including grants of $ 12,474,083 ) (Revenue $ 0 )
	THE ABF APPROVED 107 NEW GRANTS DURING THE YEAR ENDED DECEMBER 31, 2024. THESE GRANTS WERE MADE TO ORGANIZATIONS IN BULGARIA AND IN USA WHOSE ACTIVITIES SUPPORT ABF'S MISSION. THE GRANTS WERE IN THE FOLLOWING MAIN AREAS OF INTEREST IN WHICH THE ABF OPERATES: BUSINESS, ENTREPRENEURSHIP AND TECHNOLOGY, BUSINESS ENABLING ENVIRONMENT, DEVELOPING AND RETAINING HUMAN CAPITAL, CULTURAL HERITAGE AND NATURE TOURISM.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses15,223,516

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	1,396,873	0	194,736

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	130

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		130

		Business Code
2a
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....

3 Investment income (including dividends, interest, and othersimilar amounts) ......			9,479,316			9,479,316
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c
d	Net rental income or (loss).......
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a	137,088,655
b	Less: cost or other basis and sales expenses	7b	125,778,077
c	Gain or (loss)	7c	11,310,578
d	Net gain or (loss).........			11,310,578			11,310,578
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..

Business Code
11a	EXCHANGE RATE GAIN/(LOSS)		900099	61,262			61,262
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			61,262
12	Total revenue. See instructions.....			20,851,286	0	0	20,851,156

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	12,474,083	12,474,083
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	1,376,453	550,581	825,872
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	1,374,412	1,156,386	218,026
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	27,157	22,095	5,062
9	Other employee benefits .......	104,996	62,166	42,830
10	Payroll taxes ...........	170,543	119,380	51,163
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	389,141		389,141
c	Accounting ...........	43,836		43,836
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	1,364,755		1,364,755
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	169,292	88,171	81,121
12	Advertising and promotion ....	268,580		268,580
13	Office expenses .......	95,018		95,018
14	Information technology ......	102,666		102,666
15	Royalties ..
16	Occupancy ...........	262,426		262,426
17	Travel ............	434,925	116,197	318,728
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	10,422	5,211	5,211
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	442,784		442,784
23	Insurance ...	60,570	10,452	50,118
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PROGRAM RELATED EXPENSE	598,170	598,170
b	STAFF DEVELOPMENT	29,463	20,624	8,839
c	BOOKS & SUBSCRIPTIONS	4,827		4,827
d	MEMBERSHIP DUES	2,030		2,030
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	19,806,549	15,223,516	4,583,033	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			935,836	1	729,833
2	Savings and temporary cash investments .........			3,198,095	2	28,715,483
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............				4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			97,736	9	97,902
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	10,166,651
b	Less: accumulated depreciation	10b	2,115,740	8,412,849	10c	8,050,911
11	Investments—publicly traded securities .			331,320,125	11	330,203,726
12	Investments—other securities. See Part IV, line 11 .....			115,152,461	12	132,960,160
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			163,336	15	243,314
16	Total assets. Add lines 1 through 15 (must equal line 33)...			459,280,438	16	501,001,329

17	Accounts payable and accrued expenses .....	216,364	17	240,617
18	Grants payable ...	28,726,479	18	24,566,361
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	28,942,843	26	24,806,978

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	430,337,595	27	476,194,351
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	430,337,595	32	476,194,351
33	Total liabilities and net assets/fund balances ........	459,280,438	33	501,001,329

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No