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NVAK INC

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Public IRS 990 nonprofit record

NVAK INC

EIN 82-5303346 · Music (A68)

What they do

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 PLA

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $79.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders4 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

73.44%of revenue went to mission work79.0% of expenses · Program services
$93.01spent for every $100 of revenueRevenue covered expenses this year.
$0.17in assets for every $1 spent this yearSome assets cannot be spent right away.
99.5%of its money came from giftsOther money may come from services or investments.

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  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$172,408
Mission workProgram services$126,61673.44% of revenue79.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$12,0476.99% of revenueShown in gray on the chart
Total expenses$160,36193.01% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2023CurrentExpense mix: 79.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 93.01% of revenue
2022Expense mix: 45.3% mission · 0.0% management · 0.0% fundraisingTotal expenses: 71.13% of revenue
2021Expense mix: 45.9% mission · 0.0% management · 0.0% fundraisingTotal expenses: 260.62% of revenue
2020Expense mix: 57.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 87.12% of revenue
2019Expense mix: 84.1% mission · 13.8% management · 2.1% fundraisingTotal expenses: 96.67% of revenue
2018Expense mix: 84.6% mission · 0.0% management · 0.0% fundraisingTotal expenses: 106.93% of revenue

Money in and money out

Revenue$172,408
Expenses$160,361
Annual surplus $12,047 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$126,616 · 79.0% of expenses
See all reported dollar amounts
Revenue$172,408
Expenses$160,361
Assets$26,768
Income$172,408
Contributions$171,520
Mission work (program services)$126,616
People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (4)

LAURA JALALIANDIRECTOR

LAUREN DAVISDIRECTOR

ROCHELLE HOLGUINDIRECTOR

TAMAR KAPRELIANFOUNDER

About this charity

Recognized since
January 2018
Location
3435 OCEAN PARK BLVD, SANTA MONICA, CA 90405-3301
County
Los Angeles
In care of
% TAMAR MARDIROSSIAN
Primary officer
TAMAR KAPRELIAN, FOUNDER

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
January 1, 2023
Return type
990EZ
Tax preparer
BURKLAND ASSOCIATES LLC
NTEE classification
Music (A68)
IRS tax category
Music

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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