Civic Intelligence

Nvak Inc.

990EZ • Fiscal year 2021 • EIN 82-5303346

Jan 01, 2021 to Dec 31, 2021 • Filed on May 15, 2022

3435 Ocean Park Blvd 107-392Santa Monica, CA 90405

(818) 519-4202

Siviq Scores

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

Liabilities / Assets

99th percentile

18.34x

Higher debt load relative to assets than 99% of similar nonprofits.

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

Liabilities / Revenue

95th percentile

1.36x

Higher debt load relative to revenue than 95% of similar nonprofits.

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

Net Margin

5th percentile

-161%

Higher net margin than 5% 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

4th percentile

-83%

Faster asset growth than 4% of similar nonprofits.

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

Revenue Growth

13th percentile

-60%

Faster revenue growth than 13% of similar nonprofits.

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

Assets

Down

$3,688

Down $18,321 (-83%) from 2020

Net Assets

Down

-$63,948

Down $79,618 (-508%) from 2020

Liabilities

Up

$67,636

Up $61,297 (+967%) from 2020

Revenue

Down

$49,568

Down $74,186 (-60%) from 2020

Expenses

Up

$129,186

Up $21,370 (+20%) from 2020

Net Income

Down

-$79,618

Down $95,556 (-600%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$3,688
Liabilities$67,636
Net Assets-$63,948

Operations Trend

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

2021

Revenue$49,568
Expenses$129,186
Net Income-$79,618
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 15, 2022
Return Version
2021v4.2
Gross Receipts
$49,568
Mission and Program Overview

Mission

SEE SCHEDULE O - Core form responses

Program Services

DescriptionGrantsExpenses
MUSIC EDUCATION (SEE SCHEDULE O FOR RESPONSES)-$59,277
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TAMAR KaprelianPresident - DirectorPT$0--
CHRISTOPHER STANG term 921Secretary - Director-$0--
GINA SCHULMAN term 921Director-$0--
Lauren DavisDirector-$0--
Rochelle HolguinDirector-$0--
Nousha SalimiDirector-$0--
Hanna Bay-SchuckDirector-$0--
Filing and Contact Details

Filer

Filer Name
NVAK Inc
EIN
82-5303346
In Care Of
% TAMAR KAPRELIAN
Phone
8185194202
Address
3435 Ocean Park Blvd 107-392, Santa Monica, CA 90405

Signing Officer

Name
TAMAR Kaprelian
Title
President & Director
Phone
8185194202
Signed
2022-05-15
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

Core Form 990EZ Responses

Form 990-ez, part iii, primary exempt purpose 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 990EZ Part I Line 16

Description:OFFICE EXPENSES AND PROGRAM SUPPLIES Amount:14150

Form 990EZ Part I Line 16

Description:INFORMATION TECHNOLOGY Amount:1785

Form 990EZ Part I Line 16

Description:PROFESSIONAL FEES Amount:73576

Form 990EZ Part II Line 24

Description:OTHER RECEIVABLES BOY Amount:50 EOY Amount:

Form 990EZ Part II Line 26

Description:DUE TO NVAK COLLECTIVE BOY Amount:EOY Amount:44865

Raw XML Appendix183 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990-EZ, PART III, PRIMARY EXEMPT PURPOSE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:OFFICE EXPENSES AND PROGRAM SUPPLIES Amount:14150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:INFORMATION TECHNOLOGY Amount:1785
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:PROFESSIONAL FEES Amount:73576
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:OTHER RECEIVABLES BOY Amount:50 EOY Amount:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Description:DUE TO NVAK COLLECTIVE BOY Amount:EOY Amount:44865
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0CORE FORM 990EZ RESPONSES
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 II LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990EZ PART II LINE 26
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ReturnHeader/Filer/PhoneNum08185194202
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
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ReturnHeader/PreparerPersonGrp/PhoneNum07328281614
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brad Caruso
ReturnHeader/ReturnTs02022-11-12T09:40:57-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TAMAR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Kaprelian
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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