Civic Intelligence

Nvak Inc

EIN 82-5303346 • 501(c)3 • Santa Monica, CA

Profile

Nvak (which means music in armenian) is a music education program whose mission is to educate and develop the skills of young musicians living in countries facing social,political and/or economic challenges.we connect our students (ages 14-30) with educators and professionals from the music business,using music education as a way to (1) bring people together into dialogue,(2) foster artistic and social collaboration and (3) help our students find career growth opportunities that would otherwise be unavailable to them.

3435 Ocean Park BlvdSanta Monica, CA 90405

www.nvak.org

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.93x

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

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

0.14x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

59th percentile

7.0%

Higher net margin than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

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 2023

Asset Growth

78th percentile

23%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

45th percentile

-7.2%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$26,768

Up $5,088 (+23%) from 2022

Liabilities

Down

$24,999

Down $6,959 (-22%) from 2022

Net Assets

Up

$1,769

Up $12,047 (+117%) from 2022

Revenue

Down

$172,408

Down $13,465 (-7.2%) from 2022

Expenses

Up

$160,361

Up $28,158 (+21%) from 2022

Net Income

Down

$12,047

Down $41,623 (-78%) from 2022

Trend Graphs

Balance Sheet Trend

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

$100K$50K$0-$50K-$100KAssets 2018: $16,035Liabilities 2018: $23,893Net Assets 2018: -$7,8582018Assets 2019: $15,624Liabilities 2019: $15,892Net Assets 2019: -$2682019Assets 2020: $22,009Liabilities 2020: $6,339Net Assets 2020: $15,6702020Assets 2021: $3,688Liabilities 2021: $67,636Net Assets 2021: -$63,9482021Assets 2022: $21,680Liabilities 2022: $31,958Net Assets 2022: -$10,2782022Assets 2023: $26,768Liabilities 2023: $24,999Net Assets 2023: $1,7692023

Highlighted filing

2023

Assets$26,768
Liabilities$24,999
Net Assets$1,769

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2018: $113,408Expenses 2018: $121,266Net Income 2018: -$7,8582018Revenue 2019: $227,587Expenses 2019: $219,997Net Income 2019: $7,5902019Revenue 2020: $123,754Expenses 2020: $107,816Net Income 2020: $15,9382020Revenue 2021: $49,568Expenses 2021: $129,186Net Income 2021: -$79,6182021Revenue 2022: $185,873Expenses 2022: $132,203Net Income 2022: $53,6702022Revenue 2023: $172,408Expenses 2023: $160,361Net Income 2023: $12,0472023

Highlighted filing

2023

Revenue$172,408
Expenses$160,361
Net Income$12,047

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$172,408
Mission and Program Overview

Mission

Nvak (which means music in armenian) is a music education program whose mission is to educate and develop the skills of young musicians living in countries facing social,political and/or economic challenges.we connect our students (ages 14-30) with educators and professionals from the music business,using music education as a way to (1) bring people together into dialogue,(2) foster artistic and social collaboration and (3) help our students find career growth opportunities that would otherwise be unavailable to them.

Program Services

DescriptionGrantsExpenses
N/A-$65,236
IN 2015, BECAUSE OF THE WORK TAMAR WAS DOING IN THE U.S. MUSIC BUSINESS,SHE WAS GIVEN THE OPPORTUNITY TO SPEND EXTENDED AMOUNTS OF TIME IN YEREVAN,ARMENIA. DURING THOSE MONTHS, SHE GOT TO KNOW LOCAL CREATIVES AND REALIZED WHILE TALENT WAS EQUALLY DISTRIBUTED, OPPORTUNITY WAS NOT.THE ARMENIAN YOUTH POSSESSED HUGE AMOUNTS OF EMOTIONAL INTELLIGENCE; THEY WERE CURIOUS AND HUNGRY TO LEARN; THEY WANTED TO INTEGRATE INTO THE GLOBAL AND TECHNOLOGICALLY CONNECTED WORLD; AND THEY WANTED TO HAVE MORE ACCESS TO OPPORTUNITIES THAT WERE UNAVAILABLE TO THEM. TAMAR REALIZED THAT BECAUSE OF HER CONNECTIONS IN THE MUSIC INDUSTRY, AND THE PLATFORM SHE HAD IN THE COUNTRY, THERE WAS AN OPPORTUNITY FOR HER TO CREATE AN ORGANIZATION SUPER-SERVING TALENTED MUSICIANS IN ARMENIA. PRIOR TO NVAK, THERE WAS NO COLLABORATIVE, COHESIVE, VIBRANT, MODERN MUSIC COMMUNITY IN ARMENIA. YOUNG MUSICIANS WERE NOT PRODUCING OR RELEASING ORIGINAL MUSIC. THEY WERE NOT COLLABORATING AND WORKING WITH EACH OTHER. THEY WERE NOT PLAYING LIVE SHOWS. NO ONE KNEW WHAT AN OPEN-MIC-NIGHT WAS. NO ONE KNEW WHAT SONGWRITER CIRCLES WERE. THE MISSION WAS TO CREATE CHANGE AND TO WEAVE TOGETHER THE FRAGMENTED CREATIVE COMMUNITY. BY 2019, NVAK HAD SCALED TO 2 ADDITIONAL COUNTRIES;IMPACTING ARTISTS IN 3 DIFFERENT REGIONS(ARMENIA,ISRAEL,AND MALAWI)AND 6 DIFFERENT CULTURAL GROUPS; IN 2020, NVAK EVOLVED ITS EDUCATIONAL PROGRAMMING INTO A HYBRID IN-PERSON AND REMOTE LEARNING SYSTEM THAT CAN BE HELD YEAR-ROUND AND REACH ITS ENTIRE GLOBAL COMMUNITY OF 1,500 STUDENTS. THIS FLEXIBLE EDUCATION MODEL FITS THE NEEDS OF THE MODERN MUSIC STUDENT AND SIGNIFICANTLY EXPANDS NVAK'S IMPACT THROUGH MUSIC EDUCATION. WHAT ORIGINALLY STARTED AS A SUMMER PROGRAM IS NOW A YEAR-ROUND COMMUNITY AND FAMILY THAT PROVIDES FREE, HIGH-QUALITY, INCLUSIVE MUSIC EDUCATION FOR UNDER-SERVED MUSICIANS GLOBALLY.-$61,380
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TAMAR KAPRELIANFounderPT$0--
ROCHELLE HOLGUINDirector-$0--
LAUREN DAVISDirector-$0--
LAURA JALALIANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Nvak Inc
EIN
82-5303346
Phone
2255053712
Address
3435 OCEAN PARK BLVD, SANTA MONICA, CA 90405

Signing Officer

Name
Tamar Kaprelian
Title
Founder
Phone
8185194202
Signed
2024-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Burkland Associates LLC
Address
548 MARKET ST, SAN FRANCISCO, CA 94104
Preparer
Fnu Shazia Tabasum Ea
Phone
4156515319
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Other income 888 total 888

Form 990-ez, Part I, Line 16

Expenses 10,188 9,139 2,413 37,109 2,387 meals 8,556 other expense 3,226 music equipment 4,657 total 77,675

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 295 221 due from nvak collective 16,040 0 total 16,335 221

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 31,958 18,098 due to nvak collective pbc 0 -6,990 credit card amex 4002 0 13,891

Form 990-ez, Part III

Nvak (which means music in armenian) is a music education program whose mission is to educate and develop the skills of young musicians living in countries facing social,political and/or economic challenges.we connect our students (ages 14-30) with educators and professionals from the music business,using music education as a way to (1) bring people together into dialogue,(2) foster artistic and social collaboration and (3) help our students find career growth opportunities that would otherwise be unavailable to them.

Form 990-ez, Part III, Line 28

In 2015, because of the work tamar was doing in the u.s. Music business,she was given the opportunity to spend extended amounts of time in yerevan,armenia. During those months, she got to know local creatives and realized while talent was equally distributed, opportunity was not.the armenian youth possessed huge amounts of emotional intelligence; they were curious and hungry to learn; they wanted to integrate into the global and technologically connected world; and they wanted to have more access to opportunities that were unavailable to them. Tamar realized that because of her connections in the music industry, and the platform she had in the country, there was an opportunity for her to create an organization super-serving talented musicians in armenia. Prior to nvak, there was no collaborative, cohesive, vibrant, modern music community in armenia. Young musicians were not producing or releasing original music. They were not collaborating and working with each other. They were not playing live shows. No one knew what an open-mic-night was. No one knew what songwriter circles were. The mission was to create change and to weave together the fragmented creative community. By 2019, nvak had scaled to 2 additional countries;impacting artists in 3 different regions(armenia,israel,and malawi)and 6 different cultural groups; in 2020, nvak evolved its educational programming into a hybrid in-person and remote learning system that can be held year-round and reach its entire global community of 1,500 students. This flexible education model fits the needs of the modern music student and significantly expands nvak's impact through music education. What originally started as a summer program is now a year-round community and family that provides free, high-quality, inclusive music education for under-served musicians globally.

Form 990-ez, Part III, Line 31

N/A

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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/ExplanationTxt0OTHER INCOME 888 TOTAL 888
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES 10,188 9,139 2,413 37,109 2,387 MEALS 8,556 OTHER EXPENSE 3,226 MUSIC EQUIPMENT 4,657 TOTAL 77,675
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PREPAID EXPENSES AND DEFERRED CHARGES 295 221 DUE FROM NVAK COLLECTIVE 16,040 0 TOTAL 16,335 221
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 31,958 18,098 DUE TO NVAK COLLECTIVE PBC 0 -6,990 CREDIT CARD AMEX 4002 0 13,891
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NVAK (WHICH MEANS MUSIC IN ARMENIAN) IS A MUSIC EDUCATION PROGRAM WHOSE MISSION IS TO EDUCATE AND DEVELOP THE SKILLS OF YOUNG MUSICIANS LIVING IN COUNTRIES FACING SOCIAL,POLITICAL AND/OR ECONOMIC CHALLENGES.WE CONNECT OUR STUDENTS (AGES 14-30) WITH EDUCATORS AND PROFESSIONALS FROM THE MUSIC BUSINESS,USING MUSIC EDUCATION AS A WAY TO (1) BRING PEOPLE TOGETHER INTO DIALOGUE,(2) FOSTER ARTISTIC AND SOCIAL COLLABORATION AND (3) HELP OUR STUDENTS FIND CAREER GROWTH OPPORTUNITIES THAT WOULD OTHERWISE BE UNAVAILABLE TO THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN 2015, BECAUSE OF THE WORK TAMAR WAS DOING IN THE U.S. MUSIC BUSINESS,SHE WAS GIVEN THE OPPORTUNITY TO SPEND EXTENDED AMOUNTS OF TIME IN YEREVAN,ARMENIA. DURING THOSE MONTHS, SHE GOT TO KNOW LOCAL CREATIVES AND REALIZED WHILE TALENT WAS EQUALLY DISTRIBUTED, OPPORTUNITY WAS NOT.THE ARMENIAN YOUTH POSSESSED HUGE AMOUNTS OF EMOTIONAL INTELLIGENCE; THEY WERE CURIOUS AND HUNGRY TO LEARN; THEY WANTED TO INTEGRATE INTO THE GLOBAL AND TECHNOLOGICALLY CONNECTED WORLD; AND THEY WANTED TO HAVE MORE ACCESS TO OPPORTUNITIES THAT WERE UNAVAILABLE TO THEM. TAMAR REALIZED THAT BECAUSE OF HER CONNECTIONS IN THE MUSIC INDUSTRY, AND THE PLATFORM SHE HAD IN THE COUNTRY, THERE WAS AN OPPORTUNITY FOR HER TO CREATE AN ORGANIZATION SUPER-SERVING TALENTED MUSICIANS IN ARMENIA. PRIOR TO NVAK, THERE WAS NO COLLABORATIVE, COHESIVE, VIBRANT, MODERN MUSIC COMMUNITY IN ARMENIA. YOUNG MUSICIANS WERE NOT PRODUCING OR RELEASING ORIGINAL MUSIC. THEY WERE NOT COLLABORATING AND WORKING WITH EACH OTHER. THEY WERE NOT PLAYING LIVE SHOWS. NO ONE KNEW WHAT AN OPEN-MIC-NIGHT WAS. NO ONE KNEW WHAT SONGWRITER CIRCLES WERE. THE MISSION WAS TO CREATE CHANGE AND TO WEAVE TOGETHER THE FRAGMENTED CREATIVE COMMUNITY. BY 2019, NVAK HAD SCALED TO 2 ADDITIONAL COUNTRIES;IMPACTING ARTISTS IN 3 DIFFERENT REGIONS(ARMENIA,ISRAEL,AND MALAWI)AND 6 DIFFERENT CULTURAL GROUPS; IN 2020, NVAK EVOLVED ITS EDUCATIONAL PROGRAMMING INTO A HYBRID IN-PERSON AND REMOTE LEARNING SYSTEM THAT CAN BE HELD YEAR-ROUND AND REACH ITS ENTIRE GLOBAL COMMUNITY OF 1,500 STUDENTS. THIS FLEXIBLE EDUCATION MODEL FITS THE NEEDS OF THE MODERN MUSIC STUDENT AND SIGNIFICANTLY EXPANDS NVAK'S IMPACT THROUGH MUSIC EDUCATION. WHAT ORIGINALLY STARTED AS A SUMMER PROGRAM IS NOW A YEAR-ROUND COMMUNITY AND FAMILY THAT PROVIDES FREE, HIGH-QUALITY, INCLUSIVE MUSIC EDUCATION FOR UNDER-SERVED MUSICIANS GLOBALLY.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 31
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