A VERY SPECIAL YEAR
2018-2019 was a year of transition. The school expanded in many new areas and developed further in a variety of new
ways. Many new opportunities have opened up and we rose to the challenge. Please read the following pages for
information on how we did and how we did it, and who helped us along the way.
ACS Sources of Funds, School Year 2018-2019
7%
1%
Gross Tuition
Contributions and Donations
External Programs, Dormitory,
Cafeteria, Entrance Exam Fees, etc.
92%
Total Income: 11,7 million BGN
ACS Uses of Funds, School Year 2018-2019
12%
Salary, Benefits, Compensation-
Related Costs
Education, Lab, Textbooks, Cafeteria,
Food, Other
Campus Buildings, Materials, Day-to-
Day Expenses
Financial Aid
11%
14%
63%
Total Expenses: 11,7 million BGN
In terms of institutional development, it has been a year of growth.
- We expanded our incoming class: 180 new students enrolled in the class of 2023, up from 160 the year before.
- At the same time, the number of student attrition fell sharply: from 4.55% the previous year to 2.26% in 2018-19.
- We raised the salaries of Bulgarian teachers. Attracting and retaining the most skilled and creative faculty is a
strategic priority to the College.
In terms of philanthropy, we had a year of firsts. Current students, a grandparent, parents, former and current faculty
members contributed to specific causes or projects, or to the annual giving pool, and thus joined the trustees and
alumni in the charitable effort of all ACS constituent groups. Everyone coming together in such a powerful way
makes not just an impactful statement of unity and trust but also a significant difference in our school’s ability to
fulfil and expand its promise.
- Student Spas Dimitrov ‘22 donated the state stipend that he earned for excellent grades to the Scholarship Fund.
- Student Maxim Selveliev ‘22 donated 10 specialized tablets to the Graphics Design Club.
- Elena Novakova, a grandmother of a current student, gave to the Annual Fund.
- The Parent-Teacher Association donated for student activities.
- A staff member, who chose to remain anonymous, donated to the Arts Program.
- We received a donation from Joan Wilson who spent several pre-war years on campus and attended the first
grade as the elder daughter of English teacher Howard H. Bliss.
Over the year, we also expanded our community at an unprecedented scale. We forged new partnerships and made
new friends, regionally and across the globe. The College has really blossomed into a community center of national
and international significance, attracting TOM (Tikkun Olam Makers) Makeathon, the national English Spelling Bee
finals, the International Association of College Admissions Counseling’s European Institute, Founders’ Day, the Duke
of Edinburgh Award, a RobotiX lab in partnership with Technokrati, among other outreach and communal events.
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