Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
Somos Inc
EIN 22-3128393 • 501(c)3 • Troy, NY
Profile
Somos, inc. Is a nonpartisan nonprofit 501(c)(3) organization committed to addressing the needs of the hispanic population of new york state.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.19x
Liabilities / Revenue
50th percentile
Higher debt load relative to revenue than 50% of similar nonprofits.
Net Margin
53rd percentile
Higher net margin than 53% of similar nonprofits.
Top Officer Pay
67th percentile
Higher top officer pay than 67% of similar nonprofits.
Top officer pay equals 5.1% of source-year revenue.
Asset Growth
80th percentile
Faster asset growth than 80% of similar nonprofits.
Revenue Growth
55th percentile
Faster revenue growth than 55% of similar nonprofits.
Balance Sheet
Assets
Up$800,022
Up $143,677 (+22%) from 2023
Liabilities
Up$152,737
Up $127,037 (+494%) from 2023
Net Assets
Up$647,285
Up $16,640 (+2.6%) from 2023
Revenue
Up$1,978,998
Up $186,688 (+10%) from 2023
Expenses
Up$1,859,776
Up $464,321 (+33%) from 2023
Net Income
Down$119,222
Down $277,633 (-70%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $800,022
- Liabilities
- $152,737
- Net assets
- $647,285
- Revenue
- $1,978,998
- Expenses
- $1,859,776
- Net income
- $119,222
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- Feb 6, 2026
- Return Version
- 2023v6.0
- Gross Receipts
- $1,978,998
Mission and Program Overview
Mission
Somos, inc. Is a nonpartisan nonprofit 501(c)(3) organization committed to addressing the needs of the hispanic population of new york state.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $341,217 | $538,240 | ▲ $197,023 |
| Prepaid Expenses and Deferred Charges | $14,028 | $11,782 | ▼ $2,246 |
| Accounts Receivable | $1,100 | - | - |
| Total Assets | $656,345 | $800,022 | ▲ $143,677 |
| Other Assets Total | $300,000 | $250,000 | ▼ $50,000 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $25,700 | $152,737 | ▲ $127,037 |
| Total Liabilities | $25,700 | $152,737 | ▲ $127,037 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $630,645 | $647,285 | ▲ $16,640 |
| Total Net Assets Fund Balance | $630,645 | $647,285 | ▲ $16,640 |
| Total Liabilities and Net Assets / Fund Balance | $656,345 | $800,022 | ▲ $143,677 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $250,000 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Tania Capaz | Executive Di | FT | $100,000 | $100,000 |
Board Members and Trustees
| Name | Title |
|---|---|
| Francisco Diaz | Chairman |
| Amarilis Altagracia Jacobo | Board Member |
| C Sonia Martinez | Board Member |
| Dirk Mccall | Board Member |
| Edwin Lopez | Board Member |
| Evan Goldberg | Board Member |
| Larry Fernandez | Board Member |
| Maria Del Carmen Viera | Board Member |
| Mirtha Colon | Board Member |
| Ninfa Segarra | Board Member |
| Paloma Hernandez From 0123 | Board Member |
| Santos Rodriguez | Board Member |
| Hilda Escher | First Vice C |
| Carmen Flores | Second Vice |
| Michael Nieves | Secretary |
| Ladan Nikravan | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $1,978,998
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $1,978,998
- Change in Net Assets
- $119,222
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,978,998
- Total Revenue per Audited Statements
- $1,978,998
- Total Revenue per Form 990
- $1,978,998
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,558,600 |
| Salaries, Compensation, and Employee Benefits | $161,576 |
| Grants and Similar Amounts Paid | $139,600 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Conferences and Meetings | $1,383,485 | - | - | $1,383,485 |
| Current Officers, Directors, Trustees, and Key Employees | - | $95,000 | - | $95,000 |
| Grants to Domestic Individuals | $72,600 | - | - | $72,600 |
| Grants to Domestic Orgs | $67,000 | - | - | $67,000 |
| Information Technology | $55,655 | - | - | $55,655 |
| Other Salaries and Wages | - | $55,000 | - | $55,000 |
| Travel | $34,123 | - | - | $34,123 |
| Fees for Services Accounting | - | $33,437 | - | $33,437 |
| Advertising | $19,500 | - | - | $19,500 |
| Occupancy | - | $14,760 | - | $14,760 |
| Payroll Taxes | - | $11,576 | - | $11,576 |
| Insurance | - | $9,277 | - | $9,277 |
| Office Expenses | - | $7,263 | - | $7,263 |
| Other Expenses | - | $1,100 | - | $1,100 |
| Total Functional Expenses | $1,632,363 | $227,413 | $0 | $1,859,776 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,859,776 |
| Total Expenses per Audited Statements | $1,859,776 |
| Total Expenses per Form 990 | $1,859,776 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Caribbean Preparedness Response Inc | Canovanas, PR | - | Contributions | $15,000 |
| Pinones Aprende Y Emprende Corp | Loiza, PR | - | Contribution | $15,000 |
| Yesenia Mata-la Colmena | Staten Island, NY | - | Contributions | $8,000 |
| Centro De Las Mujer Dominicana | San Juan, PR | - | Contributions | $7,500 |
| Club Cultural Dominicanos Unidos | San Juan, PR | - | Contributions | $7,500 |
| Casa Amor Feyesperanza | San Juan, PR | - | Contributions | $6,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- 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
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Page 6, Part VI, Line 11B
“The executive director reviews the return and then distributes it to the entire board for their review and comments.”
Form 990, Page 6, Part VI, Line 12C
“The organization regularly and consistently monitors and enforces compliance with its conflict of interest policy by advising its directors/trustees and volunteers as to the importance of maintaining in practice and appearance an independence between the organization affairs and the personal affairs of its directors.”
Form 990, Page 6, Part VI, Line 15A
“The organization reviews and compares salary data to similar organizations and then determines appropriate compensation. Such review results are then presented to the board for approval.”
Form 990, Page 6, Part VI, Line 15B
“The organization reviews and compares salary data to similar organizations and then determines appropriate compensation. Such review results are then presented to the board for approval.”
Form 990, Page 6, Part VI, Line 19
“Governing documents, conflict of interest policy, and financial statements are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Somos Inc
- EIN
- 22-3128393
- Phone
- 5183806003
- Address
- 24 4TH STREET, TROY, NY 12180
Signing Officer
- Name
- Ladan Nikravan
- Title
- Treasurer
- Phone
- 5183806003
- Signed
- 2026-02-06
Organization Details
- Principal Officer
- Ladan Nikravan
- Formed
- 1991
- Legal Domicile
- Ny
- Voting Board Members
- 16
- Independent Board Members
- 16
- Employees
- 2
- Volunteers
- 16
Preparer
- Firm
- Galleros Robinson
- Address
- 115 DAVIS STATION RD, CREAM RIDGE, NJ 08514
- Preparer
- Leonora Galleros
- Phone
- 6469210400
Supplemental Narrative
Additional Explanations
Form 990, Page 1, Item B
“The form 990 was amended to reflect the amounts in the auditeed financial statements for the fiscal year ended june 30, 2024. With this, the following line items changed from the initial filing: a. Form 990 part i, lines 8-22, part iii, lines 4a-4e, part viii, lines 1- 12, part ix, lines 14-25, part x, lines 1(b) - 33(b), part xi lines 1-10, and part xii lines 2b-2c. B. Form 990, schedule a, part ii c. Form 990, schedule d, part xi and part xii”
Form 990, Page 2, Part III, Line 4A
“Our conferences, held twice yearly, serve as a platform for legislators, scholars, businesses, and labor leaders to address various concerns pertinent to this community. Thought-provoking workshops are held on key issues, such as business development, health and education, and to recruit support on new and existing legislation aimed to address the needs of the hispanic population of new york. Additionally, somos, inc. Uses the funds collected through conferences to empower youths with academic financial awards that encourage furthering their education, college internships to promote retention and apprenticeships to introduce newly graduated adults into the public, nonprofit, labor, and private sectors. The organization aims to create opportunities for hispanic youth that will facilitate their professional development.”
Form 990, Page 12, Part XII, Line 2C
“This process has not changed from prior year.”
Financial Statement Notes
Schedule D, Page 3, Part X
“The organization recognizes the effect of income tax positions only if those positions are more-likely-than-not be sustained upon examination by taxing authorities. Management has determined that the organization had no uncertain tax positions that would require financial statement recognition.”
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | FIRST VICE C |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECOND VICE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | BOARD MEMBER |
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| IRS990/FormationYr | 0 | 1991 |
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| IRS990/GamingActivitiesInd | 0 | false |
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| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 67000 |
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| IRS990/GrantsToOrganizationsInd | 0 | true |
| IRS990/GrantToRelatedPersonInd | 0 | false |
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| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 16 |
| IRS990/IndoorTanningServicesInd | 0 | false |
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| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
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| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 250000 |
| IRS990/OtherExpensesGrp/Desc | 0 | BAD DEBT EXPENSE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1100 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1100 |
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| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 14028 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 11782 |
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| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 104900 |
| IRS990/PYOtherExpensesAmt | 0 | 1162482 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 396855 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 128073 |
| IRS990/PYTotalExpensesAmt | 0 | 1395455 |
| IRS990/PYTotalRevenueAmt | 0 | 1792310 |
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| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 119222 |
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| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1792310 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 856811 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 185970 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1056129 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 5870218 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99670 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99860 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 5850976 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 19242 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1978998 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1792310 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 856811 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 185970 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1056129 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 5870218 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 5870218 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1859776 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 250000 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DEPOSITS |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1978998 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 250000 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1859776 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1978998 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1978998 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1859776 |
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| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 0 | 50000 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 1 | 22600 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | QUESTAR III - ACADEMIC |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 1 | CUNY/SUNY ACADEMIC |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 0 | 35 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 1 | 38 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 15000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 15000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 8000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 7500 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 4 | 7500 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 5 | 6000 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | CONTRIBUTION |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | CONTRIBUTIONS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | CONTRIBUTIONS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 3 | CONTRIBUTIONS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 4 | CONTRIBUTIONS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 5 | CONTRIBUTIONS |
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| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | CARIBBEAN PREPAREDNESS RESPONSE INC |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | YESENIA MATA-LA COLMENA |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 3 | CENTRO DE LAS MUJER DOMINICANA |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 4 | CLUB CULTURAL DOMINICANOS UNIDOS |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 5 | CASA AMOR FEYESPERANZA |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | CARR 187 KM 53 BO TORRECILLA BAJA |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | PO BOX 10000 PMB322 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | 774 PORT RICHMOND AVE |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 3 | PO BOX 20068 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 4 | CALLE TITE CURET ALONZO ESQUINA |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 5 | 1003 AVENIDA GANDARA |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt | 0 | TITO RODRIGUEZ BARRIO OBRERO |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | LOIZA |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | CANOVANAS |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | STATEN ISLAND |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 3 | SAN JUAN |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 4 | SAN JUAN |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 5 | SAN JUAN |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | PR |
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| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 2 | NY |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 3 | PR |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 4 | PR |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 5 | PR |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 00772 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 00729 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 2 | 10302 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 3 | 00928 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 4 | 00915 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 5 | 00925 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE FORM 990 WAS AMENDED TO REFLECT THE AMOUNTS IN THE AUDITEED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2024. WITH THIS, THE FOLLOWING LINE ITEMS CHANGED FROM THE INITIAL FILING: A. FORM 990 PART I, LINES 8-22, PART III, LINES 4A-4E, PART VIII, LINES 1- 12, PART IX, LINES 14-25, PART X, LINES 1(B) - 33(B), PART XI LINES 1-10, AND PART XII LINES 2B-2C. B. FORM 990, SCHEDULE A, PART II C. FORM 990, SCHEDULE D, PART XI AND PART XII |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | OUR CONFERENCES, HELD TWICE YEARLY, SERVE AS A PLATFORM FOR LEGISLATORS, SCHOLARS, BUSINESSES, AND LABOR LEADERS TO ADDRESS VARIOUS CONCERNS PERTINENT TO THIS COMMUNITY. THOUGHT-PROVOKING WORKSHOPS ARE HELD ON KEY ISSUES, SUCH AS BUSINESS DEVELOPMENT, HEALTH AND EDUCATION, AND TO RECRUIT SUPPORT ON NEW AND EXISTING LEGISLATION AIMED TO ADDRESS THE NEEDS OF THE HISPANIC POPULATION OF NEW YORK. ADDITIONALLY, SOMOS, INC. USES THE FUNDS COLLECTED THROUGH CONFERENCES TO EMPOWER YOUTHS WITH ACADEMIC FINANCIAL AWARDS THAT ENCOURAGE FURTHERING THEIR EDUCATION, COLLEGE INTERNSHIPS TO PROMOTE RETENTION AND APPRENTICESHIPS TO INTRODUCE NEWLY GRADUATED ADULTS INTO THE PUBLIC, NONPROFIT, LABOR, AND PRIVATE SECTORS. THE ORGANIZATION AIMS TO CREATE OPPORTUNITIES FOR HISPANIC YOUTH THAT WILL FACILITATE THEIR PROFESSIONAL DEVELOPMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE EXECUTIVE DIRECTOR REVIEWS THE RETURN AND THEN DISTRIBUTES IT TO THE ENTIRE BOARD FOR THEIR REVIEW AND COMMENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY ADVISING ITS DIRECTORS/TRUSTEES AND VOLUNTEERS AS TO THE IMPORTANCE OF MAINTAINING IN PRACTICE AND APPEARANCE AN INDEPENDENCE BETWEEN THE ORGANIZATION AFFAIRS AND THE PERSONAL AFFAIRS OF ITS DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION REVIEWS AND COMPARES SALARY DATA TO SIMILAR ORGANIZATIONS AND THEN DETERMINES APPROPRIATE COMPENSATION. SUCH REVIEW RESULTS ARE THEN PRESENTED TO THE BOARD FOR APPROVAL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE ORGANIZATION REVIEWS AND COMPARES SALARY DATA TO SIMILAR ORGANIZATIONS AND THEN DETERMINES APPROPRIATE COMPENSATION. SUCH REVIEW RESULTS ARE THEN PRESENTED TO THE BOARD FOR APPROVAL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 1, ITEM B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15B |
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