Civic Intelligence

Melkonian Global Overture

990EZ • Fiscal year 2021 • EIN 82-0706540

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 01, 2022

1431 North Lake AvePasadena, CA 91104-5024

(818) 822-6026

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.87x

Higher debt load relative to assets than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

0.60x

Higher debt load relative to revenue than 92% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

39th percentile

1.5%

Higher net margin than 39% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

44th percentile

1.8%

Faster asset growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

20th percentile

-42%

Faster revenue growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$24,770

Up $432 (+1.8%) from 2020

Net Assets

$3,163

No earlier filing loaded for comparison.

Liabilities

Down

$21,607

Down $93 (-0.4%) from 2020

Revenue

Down

$36,185

Down $25,754 (-42%) from 2020

Expenses

Down

$35,660

Down $25,081 (-41%) from 2020

Net Income

Down

$525

Down $673 (-56%) from 2020

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2019: $1,440Net Assets 2019: $1,4402019Assets 2020: $24,338Liabilities 2020: $21,7002020Assets 2021: $24,770Liabilities 2021: $21,607Net Assets 2021: $3,1632021

Highlighted filing

2021

Assets$24,770
Liabilities$21,607
Net Assets$3,163

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2019: $108,576Expenses 2019: $111,880Net Income 2019: -$3,3042019Revenue 2020: $61,939Expenses 2020: $60,741Net Income 2020: $1,1982020Revenue 2021: $36,185Expenses 2021: $35,660Net Income 2021: $5252021

Highlighted filing

2021

Revenue$36,185
Expenses$35,660
Net Income$525
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 1, 2022
Return Version
2021v4.0
Gross Receipts
$36,185
Mission and Program Overview

Mission

The specific purpose of this corporation is for charitable and educational purposes within the meaning of irc 501(c)(3)- specifically by creating economic, cultural, social, and educational opportunities that will establish self-sustainability and empower individuals to reach their full potential, and to safeguard armenian communities in diaspora and within the armenian nation. The long term vision is to implement this concept in struggling communities in conflict areas globally regardless of race or religion.

Program Services

DescriptionGrantsExpenses
CREATING ECONOMIC, CULTURAL, SOCIAL, AND EDUCATIONAL OPPORTUNITIES THAT WILL ESTABLISH SELF-SUSTAINABILITY AND EMPOWER INDIVIDUALS TO REACH THEIR FULL POTENTIAL, AND TO SAFEGUARD ARMENIAN COMMUNITIES IN DIASPORA AND WITHIN THE ARMENIAN NATION.-$19,814
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ARSINE SHIRVANIANCEO-$0--
BEN SHIRVANIANCFO-$0--
Filing and Contact Details

Filer

Filer Name
Melkonian Global Overture
EIN
82-0706540
Phone
8188226026
Address
1431 NORTH LAKE AVE, PASADENA, CA 91104-5024

Signing Officer

Name
Arsine Shirvanian
Title
CEO
Phone
8188226026
Signed
2022-11-01

Preparer

Firm
Bedig Araradian CPA
Address
700 N CENTRAL AVENUE SUITE 310, GLENDALE, CA 91203-4237
Preparer
Bedig Araradian
Phone
8185473474
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 4,378 insurance 1,298 dues 1,000 taxes & license 25 donations 2,270 bank fee 180 total 9,151

Form 990-ez, Part II, Line 26

Unsecured notes and loans payable 21,700 21,607

Form 990-ez, Part III

The specific purpose of this corporation is for charitable and educational purposes within the meaning of irc 501(c)(3)- specifically by creating economic, cultural, social, and educational opportunities that will establish self-sustainability and empower individuals to reach their full potential, and to safeguard armenian communities in diaspora and within the armenian nation. The long term vision is to implement this concept in struggling communities in conflict areas globally regardless of race or religion.

Form 990-ez, Part III, Line 28

Creating economic, cultural, social, and educational opportunities that will establish self-sustainability and empower individuals to reach their full potential, and to safeguard armenian communities in diaspora and within the armenian nation.

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

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 4,378 INSURANCE 1,298 DUES 1,000 TAXES & LICENSE 25 DONATIONS 2,270 BANK FEE 180 TOTAL 9,151
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNSECURED NOTES AND LOANS PAYABLE 21,700 21,607
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SPECIFIC PURPOSE OF THIS CORPORATION IS FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF IRC 501(C)(3)- SPECIFICALLY BY CREATING ECONOMIC, CULTURAL, SOCIAL, AND EDUCATIONAL OPPORTUNITIES THAT WILL ESTABLISH SELF-SUSTAINABILITY AND EMPOWER INDIVIDUALS TO REACH THEIR FULL POTENTIAL, AND TO SAFEGUARD ARMENIAN COMMUNITIES IN DIASPORA AND WITHIN THE ARMENIAN NATION. THE LONG TERM VISION IS TO IMPLEMENT THIS CONCEPT IN STRUGGLING COMMUNITIES IN CONFLICT AREAS GLOBALLY REGARDLESS OF RACE OR RELIGION.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings