Civic Intelligence

Armenian Technology Group Inc.

990 • Fiscal year 2023 • EIN 77-0316548

May 01, 2022 to Apr 30, 2023 • Filed on Sep 13, 2023

PO Box 5969Fresno, CA 93755

(559) 224-1000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.02x

Higher debt load relative to assets than 53% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

74th percentile

0.16x

Higher debt load relative to revenue than 74% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

23rd percentile

-11%

Higher net margin than 23% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

63rd percentile

$36,000

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 46.6% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

35th percentile

-1.5%

Faster asset growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-21%

Faster revenue growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$514,637

Down $8,000 (-1.5%) from 2022

Net Assets

Down

$502,147

Down $8,705 (-1.7%) from 2022

Liabilities

Up

$12,490

Up $705 (+6.0%) from 2022

Revenue

Down

$77,292

Down $20,023 (-21%) from 2022

Expenses

Up

$85,997

Up $53,410 (+164%) from 2022

Net Income

Down

-$8,705

Down $73,433 (-113%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $489,101Liabilities 2011: $14,756Net Assets 2011: $474,3452011Assets 2012: $471,606Liabilities 2012: $13,3422012Assets 2013: $546,523Liabilities 2013: $10,377Net Assets 2013: $536,1462013Assets 2014: $492,271Liabilities 2014: $14,650Net Assets 2014: $477,6212014Assets 2015: $498,415Liabilities 2015: $22,712Net Assets 2015: $475,7032015Assets 2016: $460,436Liabilities 2016: $28,771Net Assets 2016: $431,6652016Assets 2017: $463,312Liabilities 2017: $40,823Net Assets 2017: $422,4892017Assets 2018: $451,241Liabilities 2018: $15,833Net Assets 2018: $435,4082018Assets 2019: $463,574Liabilities 2019: $12,509Net Assets 2019: $451,0652019Assets 2020: $438,798Liabilities 2020: $11,604Net Assets 2020: $427,1942020Assets 2021: $458,147Liabilities 2021: $12,023Net Assets 2021: $446,1242021Assets 2022: $522,637Liabilities 2022: $11,785Net Assets 2022: $510,8522022Assets 2023: $514,637Liabilities 2023: $12,490Net Assets 2023: $502,1472023Assets 2024: $470,817Liabilities 2024: $9,113Net Assets 2024: $461,7042024Assets 2025: $685,132Liabilities 2025: $9,070Net Assets 2025: $676,0622025

Highlighted filing

2023

Assets$514,637
Liabilities$12,490
Net Assets$502,147

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $244,434Expenses 2011: $265,651Net Income 2011: -$21,2172011Revenue 2012: $105,908Expenses 2012: $121,989Net Income 2012: -$16,0812012Expenses 2013: $86,0522013Revenue 2014: $86,504Expenses 2014: $145,029Net Income 2014: -$58,5252014Revenue 2015: $147,832Expenses 2015: $149,750Net Income 2015: -$1,9182015Revenue 2016: $51,713Expenses 2016: $95,751Net Income 2016: -$44,0382016Revenue 2017: $49,311Expenses 2017: $58,487Net Income 2017: -$9,1762017Revenue 2018: $47,795Expenses 2018: $34,876Net Income 2018: $12,9192018Revenue 2019: $67,706Expenses 2019: $52,049Net Income 2019: $15,6572019Revenue 2020: $37,349Expenses 2020: $61,220Net Income 2020: -$23,8712020Revenue 2021: $45,867Expenses 2021: $26,937Net Income 2021: $18,9302021Revenue 2022: $97,315Expenses 2022: $32,587Net Income 2022: $64,7282022Revenue 2023: $77,292Expenses 2023: $85,997Net Income 2023: -$8,7052023Revenue 2024: $21,525Expenses 2024: $61,968Net Income 2024: -$40,4432024Revenue 2025: $363,635Expenses 2025: $149,277Net Income 2025: $214,3582025

Highlighted filing

2023

Revenue$77,292
Expenses$85,997
Net Income-$8,705
Jump To
Filing Snapshot
Filing Period
May 1, 2022 to Apr 30, 2023
Signed
Sep 13, 2023
Return Version
2022v5.0
Gross Receipts
$77,292
Mission and Program Overview

Mission

The armenian technology group (atg) is dedicated to helping guide the republic of armenia toward food and agricultural self-sufficiency.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$510,852$502,147▼ $8,705
Land, Buildings, and Equipment, Net$281,983$276,675▼ $5,308
Cash and Non-Interest-Bearing Accounts$124,714$122,022▼ $2,692
Inventories for Sale or Use$84,382$84,382→ $0
Accounts Receivable$31,558$31,558→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$522,637$514,637▼ $8,000
Other Assets Total-$0-
Liabilities
Other Liabilities$11,078$11,961▲ $883
Accounts Payable and Accrued Expenses$707$529▼ $178
Total Liabilities$11,785$12,490▲ $705
Net Assets / Fund Balance
Total Net Assets Fund Balance$510,852$502,147▼ $8,705
Total Liabilities and Net Assets / Fund Balance$522,637$514,637▼ $8,000

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$130,980$194,729$325,709
Buildings$36,757$69,887$106,644
Land$79,658-$79,658
Other Land Buildings$29,280$16,186$45,466
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Varoujan Der SimonianExecutive DirecPT$36,000$36,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$77,292
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$77,292
Change in Net Assets
$-8,705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$44,041
Salaries, Compensation, and Employee Benefits$41,206
Total Fundraising Expense$9,983
Grants and Similar Amounts Paid$750
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$36,000-$36,000
Fees for Services Other$10,104$1,675-$11,779
Depreciation Depletion-$5,308-$5,308
Payroll Taxes-$3,216-$3,216
Office Expenses$39$1,464$843$2,346
Occupancy-$2,120-$2,120
Other Employee Benefits-$1,990-$1,990
Other Expenses$13$1,382$8,840$1,382
Insurance-$1,376-$1,376
Grants to Domestic Orgs$750--$750
All Other Expenses$590-$33$623
Fees for Services Accounting-$525-$525
Conferences and Meetings-$176$267$443
Total Functional Expenses$17,496$58,518$9,983$85,997
International Activity

International Summary

Offices
1
Employees
1

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
ArmeniaServiceAsst With Agricultur11$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$6,000
Accrued Expenses$3,832
Vendor Tax Withholding$1,245
Payroll Tax Liabilities$883
Rounding$1
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 will be reviewed by executive director before filing

Form 990, Part VI, Section B, Line 12C

Annual review of officers interests

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Armenian Technology Group Inc
EIN
77-0316548
Phone
5592241000
Address
PO BOX 5969, FRESNO, CA 93755

Signing Officer

Name
Varoujan Der Simonian
Title
Executive Director
Signed
2023-09-13
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
14
Employees
0

Preparer

Firm
Sharmayne Sikora CPA
Address
7341 N First St Suite 102, Fresno, CA 93720
Preparer
Sharmayne Sikora
Phone
5592912700
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IRS990/PYContributionsGrantsAmt097315
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt032587
IRS990/PYRevenuesLessExpensesAmt064728
IRS990/PYTotalExpensesAmt032587
IRS990/PYTotalRevenueAmt097315
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-8705
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0510852
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0502147
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt077292
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt097315
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt045866
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt037349
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt068118
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0325940
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0325940
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt077292
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt097315
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt045866
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt037349
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt068118
IRS990ScheduleA/Total509Grp/TotalAmt0325940
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt077292
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt097315
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt045866
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt037349
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt068118
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0325940
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt036757
IRS990ScheduleD/BuildingsGrp/DepreciationAmt069887
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0106644
IRS990ScheduleD/EquipmentGrp/BookValueAmt0130980
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0194729
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0325709
IRS990ScheduleD/LandGrp/BookValueAmt079658
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt079658
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029280
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016186
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045466
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03832
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2883
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt41245
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED COMPENSATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAX LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4VENDOR TAX WITHHOLDING
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0276675
IRS990ScheduleD/TotalLiabilityAmt011961
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0ARMENIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0ASST WITH AGRICULTUR
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0SERVICE
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0MONITORED BY OFFICERS OF THE ORGANIZATION ON A WEEKLY BASIS
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1ACCRUAL BASIS OF ACCOUNTING
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt2INVESTMENT IN EQUIPMENT AND LAND IN ARMENIA TO PROMOTE AGRICULTURESELF SUSTAINING ACTIVITIES
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 3f - Method of Accounting
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I, Line 3f - Investments and Expenditures
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WILL BE REVIEWED BY EXECUTIVE DIRECTOR BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL REVIEW OF OFFICERS INTERESTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0522637
IRS990/TotalAssetsEOYAmt0514637
IRS990/TotalAssetsGrp/BOYAmt0522637
IRS990/TotalAssetsGrp/EOYAmt0514637
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt077292
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09983
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058518
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt017496
IRS990/TotalFunctionalExpensesGrp/TotalAmt085997
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011785
IRS990/TotalLiabilitiesEOYAmt012490
IRS990/TotalLiabilitiesGrp/BOYAmt011785
IRS990/TotalLiabilitiesGrp/EOYAmt012490
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0510852
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0502147
IRS990/TotalProgramServiceExpensesAmt017496
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt036000

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.85$0.09$6.76$3.64$1.49$2.14
2024Detailed filing. Detailed filing data is available for this year.$4.71$0.09$4.62$0.22$0.62$0.40
2023Detailed filing. Detailed filing data is available for this year.$5.15$0.12$5.02$0.77$0.86$0.09
2022Detailed filing. Detailed filing data is available for this year.$5.23$0.12$5.11$0.97$0.33$0.65
2021Detailed filing. Detailed filing data is available for this year.$4.58$0.12$4.46$0.46$0.27$0.19
2020Detailed filing. Detailed filing data is available for this year.$4.39$0.12$4.27$0.37$0.61$0.24
2019Detailed filing. Detailed filing data is available for this year.$4.64$0.13$4.51$0.68$0.52$0.16
2018Detailed filing. Detailed filing data is available for this year.$4.51$0.16$4.35$0.48$0.35$0.13
2017Detailed filing. Detailed filing data is available for this year.$4.63$0.41$4.22$0.49$0.58$0.09
2016Detailed filing. Detailed filing data is available for this year.$4.60$0.29$4.32$0.52$0.96$0.44
2015Detailed filing. Detailed filing data is available for this year.$4.98$0.23$4.76$1.48$1.50$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.92$0.15$4.78$0.87$1.45$0.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$0.10$5.36$0.86
2012Summary only. Only limited summary data is available for this year.$4.72$0.13$1.06$1.22$0.16
2011Summary only. Only limited summary data is available for this year.$4.89$0.15$4.74$2.44$2.66$0.21