Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 309,779 | 139,885 | 326,453 | 776,117 | ||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 309,779 | 139,885 | 326,453 | 776,117 | ||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 259,412 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 516,705 | |||||
Calendar year
(or fiscal year beginning in)
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(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 309,779 | 139,885 | 326,453 | 776,117 | ||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | 776,117 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2022 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2022 |
(iii) Distributable Amount for 2022 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2022 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2022: | ||||
| a From 2017....... | ||||
| b From 2018....... | ||||
| c From 2019....... | ||||
| d From 2020....... | ||||
| e From 2021....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2022 distributable amount | ||||
|
i
Carryover from 2017 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2022 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2022 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2023. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2018..... | ||||
| b Excess from 2019..... | ||||
| c Excess from 2020..... | ||||
| d Excess from 2021..... | ||||
| e Excess from 2022..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990 governing body review Part VI line 11 | FORM 990,PART VI,LINE 11B-FORM 990 REVIEW PROCESSAN INFORMED MEMBER OF THE BOARD MADE APPROPRIATE INQUIRIES AND PERFORMED ADEQUATE INSPECTION AS RELATING TO THE PREPARATION OF THE EXEMPT ORGANIZATIONS RETURN CONTENTS AND POSITIONS TAKEN. |
| Conflict of interest policy compliance Part VI line 12c | COMPLIANCE WAS ASSURED BY DISCLOSURE AND REVIEW |
| CEO executive director top management comp Part VI line 15a | FORM 990,PART VI,LINE 15A- COMPENSATION REVIEW & APPROVAL PROCESS-CEO & TOP MANAGEMENT THERE ARE NO COMPENSATED INDIVIDUALS. |
| Other officer or key employee compensation Part VI line 15b | ALL OFFICER PERFORMS THEIR SERVICES VOLUNTARILY. |
| Governing documents etc available to public Part VI line 19 | THE BOARD IS ALSO CONSIDERING OTHER WAYS, INCLUDING MAKING SUCH DOCUMENTS AVAILABLE ON WEBSITE OF THE GLOBALLY. |
| General explanation attachment | MISSION: OUR MISSION IS TO CREATE A SUSTAINABLE ECOSYSTEM THAT SUPPORTS ARMENIAN EDUCATORS, SCIENTISTS AND ENTREPRENEURS BY OFFERING THEM SPACE, TRAINING, SEMINARS, NETWORKING OPPORTUNITIES, AND OTHER EDUCATIONAL AND SCIENTIFIC ACTIVITIES ACROSS THE GLOBE. VISION: EDUCATIONAL, TECHNOLOGY AND ENTREPRENEURIAL EXCELLENCE FOR ARMENIANS AROUND THE WORLD.GOALS:A. IN 2023, WE PLAN TO CONTINUE OUR ANNUAL ENTREPRENEURS IMMERSION PROGRAM (EIP), WHICH IS A 10-12 DAY INTENSIVE TRAINING PROGRAM DESIGNED FOR ARMENIAN TECH FOUNDERS WHO WILL VISIT SOUTHERN AND NORTHERN CALIFORNIA (LA AND THE BAY AREA). THE PROGRAM AIMS TO PROVIDE PARTICIPANTS WITH AN OPPORTUNITY TO ENHANCE THEIR PITCHING SKILLS AND NETWORK WITH TECH GIANTS SUCH AS NETFLIX, GOOGLE, AIRBNB, SNAP AND OTHERS DURING THEIR STAY IN THE BAY AREA AND LA. B. WE ARE COMMITTED TO PROVIDING ONGOING SUPPORT FOR YEREVANN, A SCIENTIFIC AND EDUCATIONAL NONPROFIT FOUNDATION BASED IN ARMENIA THAT CONDUCTS MACHINE LEARNING RESEARCH FOR ACADEMIC AND SCIENTIFIC PURPOSES. THE RESEARCH OUTCOMES WILL BE PUBLISHED IN INTERNATIONAL SCIENTIFIC JOURNALS AND WILL BENEFIT ALL APPLICABLE BUSINESS FIELDS.C. OUR COMMITMENT EXTENDS TO CONTINUING SUPPORT FOR THE BRIGHT MINDS PROGRAM, WHICH AIMS TO ENHANCE SKILLS LEVELS AND FOSTER COMPETITIVE PARTICIPATION IN STEM SCHOOL OLYMPICS. D. WE WILL CONTINUE TO COLLABORATE WITH GIT EDUCATIONAL NONPROFIT ORGANIZATION, WHICH SUPPORTS EDUCATION ENDEAVORS IN REGIONS OF ARMENIA, TO SUPPORT KIDS FROM FINANCIALLY CHALLENGED FAMILIES AND PROVIDE EQUAL OPPORTUNITIES TO GET QUALITY EDUCATION. WE ARE ALSO PLANNING TO ADD A FEW REGIONAL NONPROFIT CHARITY ORGANIZATIONS SUCH AS: QARAKUSI, THE ORGANIZATION WHICH CREATES INTERACTIVE STUDY BOOKS AND EDUCATIONAL MATERIALS. E. WE WILL CONTINUE TO SUPPORT THE BAZOOMQ SCIENTIFIC NONPROFIT FOUNDATION, WHO ARE WORKING ON CUBESAT EDUCATIONAL SATELLITE RESEARCH. TEAM IS ALREADY DEVELOPED TEST PROCEDURES AND STARTED TESTING THE NON-FLYING COMPONENTS IN A FLATSAT CONFIGURATION. THE ORGANIZATION IS PARTNERING WITH THE INTERNATIONAL TELECOMMUNICATION UNION FOR FREQUENCY AND ORBIT ALLOCATION. TEAM IS ALSO WORKING ON THE DESIGN OF THE FLYING UNIT OF CUBESAT IN ISO6 GRADE CLEANROOM.ACHIEVEMENTS: EIP-2022 HAS BEEN A RESOUNDING SUCCESS IN FACILITATING THE GROWTH AND EXPANSION OF ARMENIAN TECH COMPANIES IN THE US MARKET. THE PROGRAM BROUGHT TOGETHER 15 TECH ENTREPRENEURS FROM ARMENIA. ARMENIAN FOUNDERS WERE ABLE TO MEET WITH OVER 40 SUCCESSFUL ENTREPRENEURS, 20+ INVESTORS, 9 ACCELERATORS AND VC FIRMS FROM SOCAL AND NORCAL, AS WELL AS TOP TECH COMPANIES SUCH AS SNAP, SERVICE TITAN, ACTIVELOOP, AND EDUCATIONAL ORGS SUCH AS SJSU, BERKELEY SKYDECK, AND STANFORD UNIVERSITY. AS A RESULT OF THE 10-DAY IMMERSION PROGRAM, 5 COMPANIES HAVE ESTABLISHED PARTNERSHIPS WITH US-BASED CUSTOMERS, AND ANOTHER 4 ARE ACTIVELY NEGOTIATING TO EXPAND THEIR BUSINESSES IN THE US MARKET. THIS IS A SIGNIFICANT ACHIEVEMENT THAT HIGHLIGHTS THE IMPACT OF INITIATIVES SUCH AS EIP-2022 IN PROMOTING THE GROWTH AND DEVELOPMENT OF THE TECH INDUSTRY.BRIGHT MINDS- THE CURRICULUM AND SUPPORTING MATERIALS DESIGNED BY THE BRIGHT MINDS TEAM WAS LICENSED BY THE MINISTRY OF EDUCATION OF RA TO BE USED FOR THE INFORMATICS AND MATH STUDENTS OF THE 7TH AND 8TH GRADE. PILOT LESSONS WERE GIVEN IN 7 DIFFERENT SCHOOLS IN ARMENIA FOR THE INITIAL FEEDBACK AND SOCIAL ACCEPTANCE. PARTNERING WITH QUANTUM COLLEGE ALUMNI FOUNDATION THE BRIGHT MINDS RESULTED IN HAVING ADDITIONAL 10 TALENTS DISCOVERED, WHO WILL NOW HAVE THE ACCESS TO ALL TRAINING AND PREPARATION MATERIALS TO FURTHER DEVELOP THEIR TALENTS. BAZOOMQ - LAST YEAR WITH THE SUPPORT OF GLOBALLY, BAZOOMQ FINISHED THE CLEANROOM CONSTRUCTION FOR UPCOMING WORK WITH THE FLATSAT, AND AUXILIARY SPACES. BAZOOMQ FOUNDATION ALSO ESTABLISHED A PARTNERSHIP WITH UNIVERSITY OF VERSAILLES, IN ORDER TO MAXIMIZE THE RESULTS OF RESEARCH AND MUTUAL USAGE OF RESEARCH RESULTS. ONE OF THE BAZOOMQ SCIENTISTS PRESENTED THE RESULTS OF THE RESEARCH DURING THE INTERNATIONAL ASTRONAUTICAL CONGRESS IN PARIS AND RECEIVED VERY POSITIVE FEEDBACK FROM THE COLLEAGUES FROM ENDUROSAT, JAXA, NASA, EXO LAUNCH, NANOAVIONICS, AND ETC. GIT- GIT FOUNDATION HAS SUPPORTED VARIOUS LOCAL NONPROFITS ORGANIZATIONS IN REGIONS OF ARMENIA, SUCH AS CHILDREN OF REGIONS AKA (MEM) AND REAL SCHOOL NONPROFIT ORGANIZATIONS. A UNIFIED DATA MANAGEMENT SYSTEM WAS BUILT AND ALREADY IN PARTIAL USE. 3 NEW TRAINERS WERE TRAINED TO CONTINUE WORKING WITH KIDS AND THE NEXT GEN OF LEADERS. MEM WAS ABLE TO SECURE THE TRANSPORTATION FOR THE STUDENTS TO COMMUTE TO EDUCATIONAL CENTERS. WITH HELP OF GLOBALLY, MEM ACQUIRED SOME DEVICES TO EQUALIZE THE OPPORTUNITIES. YEREVANN - OUR SUPPORT TO MLNEXT PROJECT ALLOWS YEREVANN TEAM TO ACHIEVE RESULTS MENTIONED BELOW: - 8 NEW RESEARCHERS JOINED THE ML RESEARCH LAB - 6 NEW RESEARCH PROJECTS WERE STARTED IN PARTNERSHIP WITH RENOWNED INSTITUTIONS - ONE OF THE MLNEXT RESEARCHERS WAS INVITED FOR 6 MONTHS FULLY FUNDED INTERNSHIP AT KAUST - MLNEXT RESEARCHERS HAVE SUBMITTED 4 PUBLICATIONS IN 2022 AND ANOTHER 4 PAPERS TO BE PUBLISHED IN 2023 - A JOINT PROJECT HAVE STARTED WITH TOXOMETRIS.AI AND META AI WAS RELEASED ON ARXIV (PREPRINT OF THE BARTSMILES PROJECT) |
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