Civic Intelligence

Shushi Music Academy Inc.

EIN 47-2829766 • 501(c)3 • Tujunga, CA

Pub. 78 Eligible

Profile

To help with money & musical instrument to underprivileged children in shushi,armenia

10244 Hillhaven AveTujunga, CA 91042

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

16th percentile

-41%

Higher net margin than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

13th percentile

-87%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

341%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$1,607

Down $10,329 (-87%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$1,607

Down $10,329 (-87%) from 2021

Operations
Liabilities / Revenue62nd percentileNet Margin16th percentile

Revenue

Up

$25,367

Up $19,617 (+341%) from 2021

Expenses

Up

$35,696

Up $34,615 (+3202%) from 2021

Net Income

Down

-$10,329

Down $14,998 (-321%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

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

$15K$10K$5.0K$0Assets 2015: $5,765Liabilities 2015: $02015Assets 2016: $2,250Liabilities 2016: $02016Assets 2017: $1,534Liabilities 2017: $02017Assets 2018: $1,780Liabilities 2018: $02018Assets 2019: $1,717Liabilities 2019: $02019Assets 2020: $7,267Liabilities 2020: $02020Assets 2021: $11,936Liabilities 2021: $0Net Assets 2021: $11,9362021Assets 2022: $1,607Liabilities 2022: $0Net Assets 2022: $1,6072022

Highlighted filing

2022

Assets$1,607
Liabilities$0
Net Assets$1,607
Open 2022 Filing

Operations Trend

Revenue Growth97th percentile

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

$40K$20K$0-$20KRevenue 2015: $18,997Expenses 2015: $17,303Net Income 2015: $1,6942015Revenue 2016: $16,255Expenses 2016: $19,770Net Income 2016: -$3,5152016Revenue 2017: $10,236Expenses 2017: $10,952Net Income 2017: -$7162017Revenue 2018: $18,082Expenses 2018: $17,836Net Income 2018: $2462018Revenue 2019: $21,116Expenses 2019: $21,179Net Income 2019: -$632019Revenue 2020: $9,215Expenses 2020: $3,665Net Income 2020: $5,5502020Revenue 2021: $5,750Expenses 2021: $1,081Net Income 2021: $4,6692021Revenue 2022: $25,367Expenses 2022: $35,696Net Income 2022: -$10,3292022

Highlighted filing

2022

Revenue$25,367
Expenses$35,696
Net Income-$10,329
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,607
Liabilities
$0
Net assets
$1,607
Revenue
$25,367
Expenses
$35,696
Net income
-$10,329
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$25.4$35.7$10.3
2021Detailed filing. Detailed filing data is available for this year.$11.9$0.00$11.9$5.75$1.08$4.67
2020Summary only. Only limited summary data is available for this year.$7.27$0.00$9.22$3.67$5.55
2019Summary only. Only limited summary data is available for this year.$1.72$0.00$21.1$21.2$0.06
2018Summary only. Only limited summary data is available for this year.$1.78$0.00$18.1$17.8$0.25
2017Summary only. Only limited summary data is available for this year.$1.53$0.00$10.2$11.0$0.72
2016Summary only. Only limited summary data is available for this year.$2.25$0.00$16.3$19.8$3.52
2015Summary only. Only limited summary data is available for this year.$5.77$0.00$19.0$17.3$1.69
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 26, 2023
Return Version
2022v5.0
Gross Receipts
$25,367
Mission and Program Overview

Mission

To help with money & musical instrument to underprivileged children in shushi,armenia

Program Services

DescriptionGrantsExpenses
MONEY WIRED TO SHUSHI ARMENIA$31,775$31,775
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
GAREN GARIBYANPresidentPT$0--
SELMA HOVSEPIANSecretaryPT$0--
ARA YAHINIANTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Shushi Music Academy Inc
EIN
47-2829766
Phone
8184155709
Address
10244 HILLHAVEN AVE, TUJUNGA, CA 91042

Signing Officer

Name
Selma Hovsepian
Title
Secretary
Phone
8184155709
Signed
2023-04-26
Discuss with paid preparer
Yes

Preparer

Firm
Prestige Financial Services
Address
805 E BROADWAY ST B, GLENDALE, CA 91205
Preparer
Tony Kaloghlianea
Phone
8182473024
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 10

“Music academy school in armenia; grants; shushi d. Gazaryan music school: stepanakert, armenia, , ; none, 31775.”

Form 990EZ, Part I, Line 16

“OFFICE SUPPLIES 261.”

Form 990EZ, Part I, Line 16

“POSTAGE 291.”

Form 990EZ, Part I, Line 16

“WEBSITE EXPENSES 137.”

Form 990EZ, Part I, Line 16

“PRINTING 715.”

Form 990EZ, Part I, Line 16

“TAX PREPARATION FEE 425.”

Form 990EZ, Part I, Line 16

“TRAVEL EXPENSES 1420.”

Form 990EZ, Part I, Line 16

“CELL PHONE 253.”

Form 990EZ, Part I, Line 16

“MISC. EXPENSES 51.”

Form 990EZ, Part I, Line 16

“BANK FEES 328.”

Form 990EZ, Part I, Line 16

“BANK CK ORDER 40.”

Raw XML Appendix171 raw XML fields

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

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0SELMA HOVSEPIAN
IRS990EZ/BooksInCareOfDetail/PhoneNum08185778480
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01634 GLENWOOD RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GLENDALE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0912011839
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt011936
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt01607
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt025367
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-10329
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt011936
IRS990EZ/Form990TotalAssetsGrp/EOYAmt01607
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt031775
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt025367
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt011936
IRS990EZ/NetAssetsOrFundBalancesEOYAmt01607
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt011936
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt01607
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt210.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GAREN GARIBYAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SELMA HOVSEPIAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ARA YAHINIAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt03921
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO HELP WITH MONEY & MUSICAL INSTRUMENT TO UNDERPRIVILEGED CHILDREN IN SHUSHI,ARMENIA
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MONEY WIRED TO SHUSHI ARMENIA
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt031775
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt031775
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt035696
IRS990EZ/TotalProgramServiceExpensesAmt031775
IRS990EZ/TotalRevenueAmt025367
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt031775
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt09215
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt021116
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt018082
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt085938
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt085938
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt031775
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt09215
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt021116
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt018082
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt085938
IRS990ScheduleA/TotalSupportAmt085938
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MUSIC ACADEMY SCHOOL IN ARMENIA; GRANTS; SHUSHI D. GAZARYAN MUSIC SCHOOL: STEPANAKERT, ARMENIA, , ; NONE, 31775.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICE SUPPLIES 261.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POSTAGE 291.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WEBSITE EXPENSES 137.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRINTING 715.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TAX PREPARATION FEE 425.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRAVEL EXPENSES 1420.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CELL PHONE 253.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MISC. EXPENSES 51.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BANK FEES 328.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10BANK CK ORDER 40.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SELMA HOVSEPIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum08184155709
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHUSHI MUSIC ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0SHUS
ReturnHeader/Filer/EIN0472829766
ReturnHeader/Filer/PhoneNum08184155709
ReturnHeader/Filer/USAddress/AddressLine1Txt010244 HILLHAVEN AVE
ReturnHeader/Filer/USAddress/CityNm0TUJUNGA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091042
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954399300
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRESTIGE FINANCIAL SERVICES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0805 E BROADWAY ST B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091205
ReturnHeader/PreparerPersonGrp/PhoneNum08182473024
ReturnHeader/PreparerPersonGrp/PreparationDt02023-04-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TONY KALOGHLIANEA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-04-26T15:33:41-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SELMA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOVSEPIAN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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