Civic Intelligence

Somos Inc.

990 • Fiscal year 2018 • EIN 22-3128393

Jul 01, 2017 to Jun 30, 2018 • Filed on May 03, 2019

Organization ProfileSOMOSNEWYORK.ORG
90 South Swan Street Suite 300Albany, NY 12210

(518) 380-6003

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

49th percentile

2.8%

Higher net margin than 49% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

57th percentile

$77,500

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

64th percentile

5.8%

Faster asset growth than 64% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

21st percentile

-10%

Faster revenue growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$203,788

Up $11,101 (+5.8%) from 2017

Net Assets

Up

$203,203

Up $27,879 (+16%) from 2017

Liabilities

Down

$585

Down $16,778 (-97%) from 2017

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin49th percentile

Revenue

Down

$1,004,322

Down $114,095 (-10%) from 2017

Expenses

Down

$976,443

Down $108,495 (-10%) from 2017

Net Income

Down

$27,879

Down $5,600 (-17%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $218,801Liabilities 2011: $8,375Net Assets 2011: $210,4262011Assets 2013: $243,710Liabilities 2013: $19,785Net Assets 2013: $223,9252013Assets 2014: $148,123Liabilities 2014: $38,404Net Assets 2014: $109,7192014Assets 2015: $63,801Liabilities 2015: $47,043Net Assets 2015: $16,7582015Assets 2016: $157,544Liabilities 2016: $15,698Net Assets 2016: $141,8462016Assets 2017: $192,687Liabilities 2017: $17,363Net Assets 2017: $175,3242017Assets 2018: $203,788Liabilities 2018: $585Net Assets 2018: $203,2032018Assets 2020: $116,630Liabilities 2020: $50,050Net Assets 2020: $66,5802020Assets 2021: $87,846Liabilities 2021: $41,735Net Assets 2021: $46,1112021Assets 2022: $246,990Liabilities 2022: $13,200Net Assets 2022: $233,7902022Assets 2023: $656,345Liabilities 2023: $25,700Net Assets 2023: $630,6452023Assets 2024: $800,022Liabilities 2024: $152,737Net Assets 2024: $647,2852024

Highlighted filing

2018

Assets$203,788
Liabilities$585
Net Assets$203,203
Open 2018 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $480,584Expenses 2011: $331,322Net Income 2011: $149,2622011Revenue 2013: $538,440Expenses 2013: $498,912Net Income 2013: $39,5282013Revenue 2014: $675,472Expenses 2014: $676,560Net Income 2014: -$1,0882014Revenue 2015: $686,472Expenses 2015: $713,419Net Income 2015: -$26,9472015Revenue 2016: $937,799Expenses 2016: $812,711Net Income 2016: $125,0882016Revenue 2017: $1,118,417Expenses 2017: $1,084,938Net Income 2017: $33,4792017Revenue 2018: $1,004,322Expenses 2018: $976,443Net Income 2018: $27,8792018Revenue 2020: $1,056,129Expenses 2020: $1,242,594Net Income 2020: -$186,4652020Revenue 2021: $185,970Expenses 2021: $206,439Net Income 2021: -$20,4692021Revenue 2022: $856,811Expenses 2022: $643,050Net Income 2022: $213,7612022Revenue 2023: $1,792,310Expenses 2023: $1,395,455Net Income 2023: $396,8552023Revenue 2024: $1,978,998Expenses 2024: $1,859,776Net Income 2024: $119,2222024

Highlighted filing

2018

Revenue$1,004,322
Expenses$976,443
Net Income$27,879
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 3, 2019
Return Version
2017v2.2
Gross Receipts
$1,004,322
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.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$137,637$160,257▲ $22,620
Accounts Receivable$22,500$41,114▲ $18,614
Prepaid Expenses and Deferred Charges$32,550$2,417▼ $30,133
Total Assets$192,687$203,788▲ $11,101
Liabilities
Accounts Payable and Accrued Expenses$17,363$585▼ $16,778
Total Liabilities$17,363$585▼ $16,778
Net Assets / Fund Balance
Unrestricted Net Assets$175,324$203,203▲ $27,879
Total Net Assets Fund Balance$175,324$203,203▲ $27,879
Total Liabilities and Net Assets / Fund Balance$192,687$203,788▲ $11,101
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jose M PaulinoExecutive DireFT$77,500$77,500

Board Members and Trustees

NameTitle
Paloma IzquierChair
Carmen FloresVice Chair
Miriam GonzaleVice Chair
Antonio MartinDirector
Evan GoldbergDirector
Hilda RosarioDirector
Jorge SilvaDirector
Luis RoseroDirector
Maria RevellesDirector
Raymond ColonDirector
Vilma SantosDirector
Mike NievesSecretary
Ladan AlomarTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,004,308
Program Service Revenue
$0
Investment Income
$14
Other Revenue
$0
All Other Contributions
$1,004,308
Change in Net Assets
$27,879

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,004,322
Total Revenue per Audited Statements
$1,004,322
Total Revenue per Form 990
$1,004,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$555,181
Grants and Similar Amounts Paid$337,015
Salaries, Compensation, and Employee Benefits$84,247
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$445,544--$445,544
Grants to Domestic Orgs$233,315--$233,315
Grants to Domestic Individuals$103,700--$103,700
Other Salaries and Wages-$77,242-$77,242
Fees for Services Other$17,500$10,198-$27,698
Advertising$27,682--$27,682
Fees for Services Accounting-$18,674-$18,674
Office Expenses-$13,201-$13,201
Travel$7,010--$7,010
Payroll Taxes-$7,005-$7,005
Other Expenses$3,792$251-$4,043
Fees for Services Legal$2,500--$2,500
Insurance$2,182--$2,182
Total Functional Expenses$847,838$128,605$0$976,443

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$976,443
Total Expenses per Audited Statements$976,443
Total Expenses per Form 990$976,443
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
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 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,part VI,line 11B

“The exe. Director reviews the return and then distributes it to the entire board for their review and comments.”

Form 990 Part VI, Line 19

“Governing documents disclosure documents are available upon request.”

Form 990, 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”

Form 990, Part VI, Line 12C, Continued

“An independence between the organization affairs and the personal affairs of its directors.”

Form 990, Part VI, Line 15A & B

“The organization reviews and compares salary data to similar organizations and then determines appropiate compensation. Such review results are then presented to the board for”

Form 990, Part VI, Line 15B, Continued

“APPROVAL.”

Filing and Contact Details

Filer

Filer Name
Somos Inc
EIN
22-3128393
Phone
5183806003
Address
90 SOUTH SWAN STREET SUITE 300, ALBANY, NY 12210

Signing Officer

Name
Jose M Paulino
Title
Executive Director
Signed
2019-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jose M Paulino
Formed
1991
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
2

Preparer

Firm
Gomez Accounting & Tax Servi
Address
78-27 37TH AVENUE SUITE 4, JACKSON HEIGHTS, NY 11372
Preparer
Luis F Gomez
Phone
7188989838
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“Organizations mission or most significant activities.somos, inc. Is a nonpartisan nonprofit 501(c)3 organization committed to addressing the needs of the hispanic population of new york state. Our conferences, held twice yearly, serve”

Form 990, Part I, Line 1, Continued

“As a platform for legislators, scholars, business and labor leaders to address various concerns pertinent to this commu nity. Thought-provoking workshops on key issues, such as business development, health, and education, recruit support”

Form 990, Part I, Line 1, Continued

“On new and exisiting legislation aimed to address the needs of the hispanic population of new york. Additionally, somos,inc. Uses the funds collected through”

Form 990, Part I, Line 1, Continued

“Conferences to empower youths with academic financial awards that encourage furthering their education; college intern- ships to promote retention, and apprenticeships to introduce”

Form 990, Part I, Line 1, Continued

“Newly graduated adults into the public, nonprofit, labor and private sectors. The organization aims to create opportunities for hispanic”

Form 990, Part I, Line 1, Continued

“Youth that will faciliate their professional development, growth, and future success.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATIONS MISSION OR MOST SIGNIFICANT ACTIVITIES.SOMOS, INC. IS A NONPARTISAN NONPROFIT 501(C)3 ORGANIZATION COMMITTED TO ADDRESSING THE NEEDS OF THE HISPANIC POPULATION OF NEW YORK STATE. OUR CONFERENCES, HELD TWICE YEARLY, SERVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS A PLATFORM FOR LEGISLATORS, SCHOLARS, BUSINESS AND LABOR LEADERS TO ADDRESS VARIOUS CONCERNS PERTINENT TO THIS COMMU NITY. THOUGHT-PROVOKING WORKSHOPS ON KEY ISSUES, SUCH AS BUSINESS DEVELOPMENT, HEALTH, AND EDUCATION, RECRUIT SUPPORT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ON NEW AND EXISITING LEGISLATION AIMED TO ADDRESS THE NEEDS OF THE HISPANIC POPULATION OF NEW YORK. ADDITIONALLY, SOMOS,INC. USES THE FUNDS COLLECTED THROUGH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFERENCES TO EMPOWER YOUTHS WITH ACADEMIC FINANCIAL AWARDS THAT ENCOURAGE FURTHERING THEIR EDUCATION; COLLEGE INTERN- SHIPS TO PROMOTE RETENTION, AND APPRENTICESHIPS TO INTRODUCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NEWLY GRADUATED ADULTS INTO THE PUBLIC, NONPROFIT, LABOR AND PRIVATE SECTORS. THE ORGANIZATION AIMS TO CREATE OPPORTUNITIES FOR HISPANIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5YOUTH THAT WILL FACILIATE THEIR PROFESSIONAL DEVELOPMENT, GROWTH, AND FUTURE SUCCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE EXE. DIRECTOR REVIEWS THE RETURN AND THEN DISTRIBUTES IT TO THE ENTIRE BOARD FOR THEIR REVIEW AND COMMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS DISCLOSURE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE 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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9AN INDEPENDENCE BETWEEN THE ORGANIZATION AFFAIRS AND THE PERSONAL AFFAIRS OF ITS DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE ORGANIZATION REVIEWS AND COMPARES SALARY DATA TO SIMILAR ORGANIZATIONS AND THEN DETERMINES APPROPIATE COMPENSATION. SUCH REVIEW RESULTS ARE THEN PRESENTED TO THE BOARD FOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART I, LINE 1, CONTINUED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART I, LINE 1, CONTINUED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART I, LINE 1, CONTINUED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART I, LINE 1, CONTINUED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART I, LINE 1, CONTINUED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990,PART VI,LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART VI, LINE 12C, CONTINUED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART VI, LINE 15A & B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990, PART VI, LINE 15B, CONTINUED
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$203,788
Liabilities
$585
Net assets
$203,203
Revenue
$1,004,322
Expenses
$976,443
Net income
$27,879
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.80$0.15$0.65$1.98$1.86$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.03$0.63$1.79$1.40$0.40
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.01$0.23$0.86$0.64$0.21
2021Detailed filing. Detailed filing data is available for this year.$0.09$0.04$0.05$0.19$0.21$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.05$0.07$1.06$1.24$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$1.00$0.98$0.03
2017Summary only. Only limited summary data is available for this year.$0.19$0.02$0.18$1.12$1.08$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.02$0.14$0.94$0.81$0.13
2015Summary only. Only limited summary data is available for this year.$0.06$0.05$0.02$0.69$0.71$0.03
2014Summary only. Only limited summary data is available for this year.$0.15$0.04$0.11$0.68$0.68$0.00
2013Summary only. Only limited summary data is available for this year.$0.24$0.02$0.22$0.54$0.50$0.04
2011Summary only. Only limited summary data is available for this year.$0.22$0.01$0.21$0.48$0.33$0.15