Civic Intelligence

Advance Armenia Foundation

EIN 84-3093464 • 501(c)3 • Clovis, CA

Profile

Volunteer-led medical and technological mission to areas of Armenia under-served and promote economic and cultural ties between United States and Armenia

2753 Quincy AvenueClovis, CA 93619

n/A

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

7th percentile

-49%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

9th percentile

-22%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-70%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$1,304,423

Down $374,060 (-22%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$1,304,423

Down $374,060 (-22%) from 2023

Operations
Liabilities / Revenue20th percentileNet Margin7th percentile

Revenue

Down

$766,197

Down $1,748,881 (-70%) from 2023

Expenses

Down

$1,140,257

Down $52,762 (-4.4%) from 2023

Net Income

Down

-$374,060

Down $1,696,119 (-128%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $175,301Liabilities 2020: $0Net Assets 2020: $175,3012020Assets 2021: $317,408Liabilities 2021: $0Net Assets 2021: $317,4082021Assets 2022: $356,424Liabilities 2022: $0Net Assets 2022: $356,4242022Assets 2023: $1,678,483Liabilities 2023: $0Net Assets 2023: $1,678,4832023Assets 2024: $1,304,423Liabilities 2024: $0Net Assets 2024: $1,304,4232024

Highlighted filing

2024

Assets$1,304,423
Liabilities$0
Net Assets$1,304,423
Open 2024 Filing

Operations Trend

Revenue Growth3rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $272,669Expenses 2020: $99,209Net Income 2020: $173,4602020Revenue 2021: $354,184Expenses 2021: $212,077Net Income 2021: $142,1072021Revenue 2022: $303,427Expenses 2022: $264,411Net Income 2022: $39,0162022Revenue 2023: $2,515,078Expenses 2023: $1,193,019Net Income 2023: $1,322,0592023Revenue 2024: $766,197Expenses 2024: $1,140,257Net Income 2024: -$374,0602024

Highlighted filing

2024

Revenue$766,197
Expenses$1,140,257
Net Income-$374,060
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,304,423
Liabilities
$0
Net assets
$1,304,423
Revenue
$766,197
Expenses
$1,140,257
Net income
-$374,060
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.77$1.14$0.37
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$2.52$1.19$1.32
2022Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.30$0.26$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.35$0.21$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.27$0.10$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 2, 2025
Return Version
2024v5.1
Gross Receipts
$766,197
Mission and Program Overview

Mission

Volunteer-led medical and technological mission to areas of Armenia under-served and promote economic and cultural ties between United States and Armenia

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,337,822$1,014,645▼ $323,177
Cash and Non-Interest-Bearing Accounts$340,661$289,778▼ $50,883
Accounts Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,678,483$1,304,423▼ $374,060
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$1,014,645-
Net Assets Without Donor Restrictions$1,678,483$289,778▼ $1,388,705
Total Net Assets Fund Balance$1,678,483$1,304,423▼ $374,060
Total Liabilities and Net Assets / Fund Balance$1,678,483$1,304,423▼ $374,060
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Berj ApkarianPresident
Barbara MortanianSecretary
Nadia HaitayanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$723,779
Program Service Revenue
$0
Investment Income
$42,418
Other Revenue
$0
All Other Contributions
$723,779
Change in Net Assets
$-374,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,140,257
Total Fundraising Expense$129,110
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$174,163--$174,163
Fees for Services Other$16,794--$16,794
Other Expenses$10,540-$129,110$10,540
All Other Expenses$4,952$2,466-$7,418
Fees for Services Accounting-$850-$850
Total Functional Expenses$1,007,831$3,316$129,110$1,140,257
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Advance Armenia Foundation
EIN
84-3093464
Phone
5594338245
Address
2753 Quincy Avenue, Clovis, CA 93619

Signing Officer

Name
Berj Apkarian
Title
President
Signed
2025-05-02
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
5

Preparer

Firm
Merritt Accountancy
Address
7580 N Ingram Ave Ste108, Fresno, CA 93711
Preparer
Gayle Merritt CPA
Phone
5594364894
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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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IRS990/TotalFunctionalExpensesGrp/TotalAmt01140257
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01678483
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01304423
IRS990/TotalProgramServiceExpensesAmt01007831
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042418
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0766197
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01678483
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01304423
IRS990/TravelGrp/ProgramServicesAmt0174163
IRS990/TravelGrp/TotalAmt0174163
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/USAddress/AddressLine1Txt02753 Quincy Avenue
IRS990/USAddress/CityNm0Clovis
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093619
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Berj Apkarian
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Advance Armenia Foundation
ReturnHeader/Filer/BusinessNameControlTxt0ADVA
ReturnHeader/Filer/EIN0843093464
ReturnHeader/Filer/PhoneNum05594338245
ReturnHeader/Filer/USAddress/AddressLine1Txt02753 Quincy Avenue
ReturnHeader/Filer/USAddress/CityNm0Clovis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093619
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453850933
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Merritt Accountancy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07580 N Ingram Ave Ste108
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fresno
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093711
ReturnHeader/PreparerPersonGrp/PhoneNum05594364894
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gayle Merritt CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-02T10:27:16-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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