Civic Intelligence

Somos Inc.

990 • Fiscal year 2023 • EIN 22-3128393

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization ProfileSOMOSNEWYORK.ORG
90 South Swan StreetAlbany, NY 12210

(518) 380-6003

Siviq Scores

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

Liabilities / Assets

44th percentile

0.04x

Higher debt load relative to assets than 44% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

29th percentile

0.01x

Higher debt load relative to revenue than 29% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

76th percentile

22%

Higher net margin than 76% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

72nd percentile

$111,027

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

97th percentile

166%

Faster asset growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

92nd percentile

109%

Faster revenue growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$656,345

Up $409,355 (+166%) from 2022

Net Assets

Up

$630,645

Up $396,855 (+170%) from 2022

Liabilities

Up

$25,700

Up $12,500 (+95%) from 2022

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin76th percentile

Revenue

Up

$1,792,310

Up $935,499 (+109%) from 2022

Expenses

Up

$1,395,455

Up $752,405 (+117%) from 2022

Net Income

Up

$396,855

Up $183,094 (+86%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2023

Assets$656,345
Liabilities$25,700
Net Assets$630,645
Open 2023 Filing

Operations Trend

Revenue Growth92nd 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

2023

Revenue$1,792,310
Expenses$1,395,455
Net Income$396,855
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,792,310
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
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$233,570$341,217▲ $107,647
Prepaid Expenses and Deferred Charges$12,320$14,028▲ $1,708
Accounts Receivable$1,100$1,100→ $0
Total Assets$246,990$656,345▲ $409,355
Other Assets Total-$300,000-
Liabilities
Accounts Payable and Accrued Expenses$13,200$25,700▲ $12,500
Total Liabilities$13,200$25,700▲ $12,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$233,790$630,645▲ $396,855
Total Net Assets Fund Balance$233,790$630,645▲ $396,855
Total Liabilities and Net Assets / Fund Balance$246,990$656,345▲ $409,355

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$300,000--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tania CapazExecutive DiFT$111,027$111,027

Board Members and Trustees

NameTitle
Francisco DiazChairman
Amarilis Altagracia Jacobo From 123Director
Antonio MartinezDirector
C Sonia MartinezDirector
Dirk Mccall From 0123Director
Edwin LopezDirector
Evan GoldbergDirector
Maria VieraDirector
Mirtha Colon From 0123Director
Ninfa SegarraDirector
Paloma Hernandez From 0123Director
Santos RodriguezDirector
Stephen Burzio Up to 0123Director
Larry FernandezFinance Chai
Hilda EscherFirst Vice C
Carmen FloresSecond Vice
Michael NievesSecretary
Ladan NikravanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,792,310
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,792,310
Change in Net Assets
$396,855

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,792,310
Total Revenue per Audited Statements
$1,792,310
Total Revenue per Form 990
$1,792,310
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,162,482
Salaries, Compensation, and Employee Benefits$128,073
Grants and Similar Amounts Paid$104,900
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,010,394--$1,010,394
Current Officers, Directors, Trustees, and Key Employees-$111,027-$111,027
Grants to Domestic Individuals$60,400--$60,400
Travel$45,697--$45,697
Grants to Domestic Orgs$44,500--$44,500
Information Technology$38,126--$38,126
Fees for Services Accounting-$30,560-$30,560
Advertising$15,000--$15,000
Other Salaries and Wages-$10,577-$10,577
Occupancy-$10,170-$10,170
Insurance-$6,558-$6,558
Payroll Taxes-$6,469-$6,469
Office Expenses-$5,977-$5,977
Total Functional Expenses$1,214,117$181,338$0$1,395,455

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,395,455
Total Expenses per Audited Statements$1,395,455
Total Expenses per Form 990$1,395,455
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Para La Naturaleza IncSan Juan, PR-Contributions$15,000
Parceleras AfrocaribenasTrujillo, PR-Contributions$10,000
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
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
90 SOUTH SWAN STREET, ALBANY, NY 12210

Signing Officer

Name
Ladan Nikravan
Title
Treasurer
Phone
5183806003
Signed
2024-05-15

Organization Details

Principal Officer
Ladan Nikravan
Formed
1991
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
1
Volunteers
17

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 2, Part III, Line 4A

“Our conferences, held twice yearly, serve as a platform for legislators, scholars, business, and labor leaders to address various concerns pertinent to this community. Thought-provoking workshops on key issues, such as business development, health and education, 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

“Management has determined that the organization had no uncertain tax positions that would require financial statement recognition.”

Raw XML AppendixShowing 400 of 460 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013200
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt025700
IRS990/AccountsReceivableGrp/BOYAmt01100
IRS990/AccountsReceivableGrp/EOYAmt01100
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SOMOS, INC. IS A NONPARTISAN NONPROFIT 501(C)(3) ORGANIZATION COMMITTED TO ADDRESSING THE NEEDS OF THE HISPANIC POPULATION OF NEW YORK STATE.
IRS990/AdvertisingGrp/ProgramServicesAmt015000
IRS990/AdvertisingGrp/TotalAmt015000
IRS990/AllOtherContributionsAmt01792310
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0LADAN NIKRAVAN
IRS990/BooksInCareOfDetail/PhoneNum05183806003
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt090 SOUTH SWAN STREET SUITE 300
IRS990/BooksInCareOfDetail/USAddress/CityNm0ALBANY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd012210
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0233570
IRS990/CashNonInterestBearingGrp/EOYAmt0341217
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0111027
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0111027
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01010394
IRS990/ConferencesMeetingsGrp/TotalAmt01010394
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01792310
IRS990/CYGrantsAndSimilarPaidAmt0104900
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01162482
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0396855
IRS990/CYSalariesCompEmpBnftPaidAmt0128073
IRS990/CYTotalExpensesAmt01395455
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01792310
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0OUR CONFERENCES, HELD TWICE YEARLY, SERVE AS A PLATFORM FOR LEGISLATORS, SCHOLARS, BUSINESS, AND LABOR LEADERS TO ADDRESS VARIOUS CONCERNS PERTINENT TO THIS COMMUNITY. THOUGHT-PROVOKING WORKSHOPS ON KEY ISSUES, SUCH AS BUSINESS DEVELOPMENT, HEALTH AND EDUCATION, 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.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01214117
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt030560
IRS990/FeesForServicesAccountingGrp/TotalAmt030560
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt045.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt160.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt170.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt180.25
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/PersonNm0TANIA CAPAZ
IRS990/Form990PartVIISectionAGrp/PersonNm1FRANCISCO DIAZ
IRS990/Form990PartVIISectionAGrp/PersonNm2HILDA ESCHER
IRS990/Form990PartVIISectionAGrp/PersonNm3CARMEN FLORES
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL NIEVES
IRS990/Form990PartVIISectionAGrp/PersonNm5LADAN NIKRAVAN
IRS990/Form990PartVIISectionAGrp/PersonNm6LARRY FERNANDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm7ANTONIO MARTINEZ
IRS990/Form990PartVIISectionAGrp/PersonNm8EVAN GOLDBERG
IRS990/Form990PartVIISectionAGrp/PersonNm9NINFA SEGARRA
IRS990/Form990PartVIISectionAGrp/PersonNm10C SONIA MARTINEZ
IRS990/Form990PartVIISectionAGrp/PersonNm11EDWIN LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm12MARIA VIERA
IRS990/Form990PartVIISectionAGrp/PersonNm13SANTOS RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm14STEPHEN BURZIO UP TO 0123
IRS990/Form990PartVIISectionAGrp/PersonNm15AMARILIS ALTAGRACIA JACOBO FROM 123
IRS990/Form990PartVIISectionAGrp/PersonNm16DIRK MCCALL FROM 0123
IRS990/Form990PartVIISectionAGrp/PersonNm17MIRTHA COLON FROM 0123
IRS990/Form990PartVIISectionAGrp/PersonNm18PALOMA HERNANDEZ FROM 0123
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0111027
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2FIRST VICE C
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECOND VICE
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6FINANCE CHAI
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01991
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt0104900
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt060400
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt060400
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt044500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt044500
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01792310
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt038126
IRS990/InformationTechnologyGrp/TotalAmt038126
IRS990/InsuranceGrp/ManagementAndGeneralAmt06558
IRS990/InsuranceGrp/TotalAmt06558
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SOMOS, INC. IS A NONPARTISAN NONPROFIT 501(C)(3) ORGANIZATION COMMITTED TO ADDRESSING THE NEEDS OF THE HISPANIC POPULATION OF NEW YORK STATE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0233790
IRS990/NetAssetsOrFundBalancesEOYAmt0630645
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0233790
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0630645
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt010170
IRS990/OccupancyGrp/TotalAmt010170
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05977
IRS990/OfficeExpensesGrp/TotalAmt05977
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0300000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010577
IRS990/OtherSalariesAndWagesGrp/TotalAmt010577
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06469
IRS990/PayrollTaxesGrp/TotalAmt06469
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012320
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014028
IRS990/PrincipalOfficerNm0LADAN NIKRAVAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0856811
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt072466
IRS990/PYOtherExpensesAmt0501280
IRS990/PYRevenuesLessExpensesAmt0213761
IRS990/PYSalariesCompEmpBnftPaidAmt069304
IRS990/PYTotalExpensesAmt0643050
IRS990/PYTotalRevenueAmt0856811
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0396855
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01792310
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0856811
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0185970
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01056129
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01414657
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05305877
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99860
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt05298595
IRS990ScheduleA/SubstantialContributorsTotAmt07282
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01792310
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0856811
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0185970
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01056129
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01414657
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05305877
IRS990ScheduleA/TotalSupportAmt05305877
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt01395455
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0300000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01792310
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0300000
IRS990ScheduleD/TotalExpensesPerForm990Amt01395455
IRS990ScheduleD/TotalRevenuePerForm990Amt01792310
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01792310
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01395455
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt060400
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ACADEMIC FINANCIAL AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt081
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CONTRIBUTIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CONTRIBUTIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PARA LA NATURALEZA INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1PARCELERAS AFROCARIBENAS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 9023978
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO BOX 1321 SAINT JUST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SAN JUAN
IRS990ScheduleI/RecipientTable/USAddress/CityNm1TRUJILLO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PR
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1PR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0009023978
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1009781321
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR CONFERENCES, HELD TWICE YEARLY, SERVE AS A PLATFORM FOR LEGISLATORS, SCHOLARS, BUSINESS, AND LABOR LEADERS TO ADDRESS VARIOUS CONCERNS PERTINENT TO THIS COMMUNITY. THOUGHT-PROVOKING WORKSHOPS ON KEY ISSUES, SUCH AS BUSINESS DEVELOPMENT, HEALTH AND EDUCATION, 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/ExplanationTxt1THE EXECUTIVE DIRECTOR REVIEWS THE RETURN AND THEN DISTRIBUTES IT TO THE ENTIRE BOARD FOR THEIR REVIEW AND COMMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE 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/ExplanationTxt4THE 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/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 12, PART XII, LINE 2C
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SpecialConditionDesc0EXTENDED TO MAY 15 2024
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0246990
IRS990/TotalAssetsEOYAmt0656345
IRS990/TotalAssetsGrp/BOYAmt0246990
IRS990/TotalAssetsGrp/EOYAmt0656345
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01792310
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$656,345
Liabilities
$25,700
Net assets
$630,645
Revenue
$1,792,310
Expenses
$1,395,455
Net income
$396,855
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
2023Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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