Civic Intelligence

Nvak Inc.

990EZ • Fiscal year 2018 • EIN 82-5303346

Jan 01, 2018 to Dec 31, 2018 • Filed on May 15, 2019

Organization ProfileWWW.NVAK.ORG
225 E 19th Street Suite 706New York, NY 10003

(818) 519-4202

Siviq Scores

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

Liabilities / Assets

96th percentile

1.49x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.21x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

27th percentile

-6.9%

Higher net margin than 27% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets96th percentile

Assets

$16,035

No earlier filing loaded for comparison.

Net Assets

-$7,858

No earlier filing loaded for comparison.

Liabilities

$23,893

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin27th percentile

Revenue

$113,408

No earlier filing loaded for comparison.

Expenses

$121,266

No earlier filing loaded for comparison.

Net Income

-$7,858

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2018

Assets$16,035
Liabilities$23,893
Net Assets-$7,858
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$113,408
Expenses$121,266
Net Income-$7,858
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 15, 2019
Return Version
2018v3.1
Gross Receipts
$113,408
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 disadvantages. We connect our students (ages 14-24) 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 studends find career growth opportunities that would otherwise be unavailable to them.

Program Services

DescriptionGrantsExpenses
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. During those months, she got to know the local people and realized how woke the young Armenian generation was. They possessed emotional intelligence that was beyond their years; they were curious and hungry to learn; they wanted to integrate into the global and technologically connected world; they wanted to have more access to opportunities that were unavailable to them. She realized that because of her connections in the music business and the high profile I had in the country, that there was an opportunity for her to create a program for talented musicians in Armenia. Prior to Nvak, there was no collaborative, cohesive, vibrant, modern music community in Armenia. Young musicians were not writing or releasing original music. They were not collaborating and working with each other. They were not playing live gigs. No one knew what an open-$102,595
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TAMAR MARDIROSSIANPresident - DirectorPT$0--
CHRISTOPHER STANGSecretary - Director-$0--
GINA SCHULMANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Nvak Inc
EIN
82-5303346
In Care Of
% TAMAR MARDIROSSIAN
Phone
8185194202
Address
225 E 19th Street Suite 706, New York, NY 10003

Signing Officer

Name
Tamar Mardirossian
Title
President & Director
Signed
2019-05-15
Discuss with paid preparer
Yes

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Brad Caruso
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990EZ Part I Line 16

“Description:TRAVEL, MEALS AND OTHER COSTS Amount:48543”

Form 990EZ Part I Line 16

“Description:OFFICE EXPENSES AND PROGRAM SUPPLIES Amount:11324”

Form 990EZ Part I Line 16

“Description:INFORMATION TECHNOLOGY Amount:631”

Form 990EZ Part II Line 26

“Description:DEFERRED REVENUE BOY Amount:EOY Amount:15000”

Raw XML Appendix163 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum08185194202
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0225 E 19TH STREET 706
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010003
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt06147
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CntrctRcvdGreaterThan100KCnt00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0113408
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
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IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-7858
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IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
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IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt016035
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0113408
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartIVInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt00
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-7858
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-7858
IRS990EZ/OccupancyRentUtltsAndMaintAmt016017
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TAMAR MARDIROSSIAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHRISTOPHER STANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2GINA SCHULMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT - DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY - DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt09888
IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt060498
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Nvak (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 disadvantages. We connect our students (ages 14-24) 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 studends find career growth opportunities that would otherwise be unavailable to them.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0In 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. During those months, she got to know the local people and realized how woke the young Armenian generation was. They possessed emotional intelligence that was beyond their years; they were curious and hungry to learn; they wanted to integrate into the global and technologically connected world; they wanted to have more access to opportunities that were unavailable to them. She realized that because of her connections in the music business and the high profile I had in the country, that there was an opportunity for her to create a program for talented musicians in Armenia. Prior to Nvak, there was no collaborative, cohesive, vibrant, modern music community in Armenia. Young musicians were not writing or releasing original music. They were not collaborating and working with each other. They were not playing live gigs. No one knew what an open
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0102595
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt015520
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt023893
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0121266
IRS990EZ/TotalProgramServiceExpensesAmt0102595
IRS990EZ/TotalRevenueAmt0113408
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.NVAK.ORG
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0113408
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0113408
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt063064
IRS990ScheduleA/SubstantialContributorsTotAmt050344
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0113408
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0113408
IRS990ScheduleA/TotalSupportAmt0113408
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description:TRAVEL, MEALS AND OTHER COSTS Amount:48543
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:OFFICE EXPENSES AND PROGRAM SUPPLIES Amount:11324
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:INFORMATION TECHNOLOGY Amount:631
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:DEFERRED REVENUE BOY Amount:EOY Amount:15000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART II LINE 26
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TAMAR MARDIROSSIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NVAK INC
ReturnHeader/Filer/BusinessNameControlTxt0NVAK
ReturnHeader/Filer/EIN0825303346
ReturnHeader/Filer/InCareOfNm0% TAMAR MARDIROSSIAN
ReturnHeader/Filer/PhoneNum08185194202
ReturnHeader/Filer/USAddress/AddressLine1Txt0225 E 19th Street Suite 706
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010003
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04A91046308726C7122D78C1D3B70C51D332EE6B3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BECCE1F8B510EDB5341616D4B8998BF5F964A3E2
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId022006220193165000066
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-11-12
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.194.85.65
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WithumSmithBrown PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE TOWER CENTER BLVD 14TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAST BRUNSWICK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008816
ReturnHeader/PreparerPersonGrp/PhoneNum07328281614
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brad Caruso
ReturnHeader/ReturnTs02019-11-12T13:07:46-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,035
Liabilities
$23,893
Net assets
-$7,858
Revenue
$113,408
Expenses
$121,266
Net income
-$7,858
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.27$0.25$0.02$1.72$1.60$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.22$0.32$0.10$1.86$1.32$0.54
2021Detailed filing. Detailed filing data is available for this year.$0.04$0.68$0.64$0.50$1.29$0.80
2020Detailed filing. Detailed filing data is available for this year.$0.22$0.06$0.16$1.24$1.08$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.16$0.16$0.00$2.28$2.20$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.16$0.24$0.08$1.13$1.21$0.08