Civic Intelligence

The Somero Project

990EZ • Fiscal year 2023 • EIN 26-3271411

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 27, 2024

Organization Profilewww.thesomeroproject.org
7495 Leeside DrBlaine, WA 98230

(360) 255-3704

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

54th percentile

5.3%

Higher net margin than 54% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

82nd percentile

39%

Faster asset growth than 82% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

42nd percentile

-1.7%

Faster revenue growth than 42% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$11,784

Up $3,333 (+39%) from 2022

Net Assets

Up

$11,784

Up $3,333 (+39%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin54th percentile

Revenue

Down

$63,253

Down $1,082 (-1.7%) from 2022

Expenses

Down

$59,920

Down $5,894 (-9.0%) from 2022

Net Income

Up

$3,333

Up $4,812 (+325%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$30K$20K$10K$0Assets 2021: $9,646Liabilities 2021: $0Net Assets 2021: $9,6462021Assets 2022: $8,451Liabilities 2022: $0Net Assets 2022: $8,4512022Assets 2023: $11,784Liabilities 2023: $0Net Assets 2023: $11,7842023Assets 2024: $28,249Liabilities 2024: $0Net Assets 2024: $28,2492024

Highlighted filing

2023

Assets$11,784
Liabilities$0
Net Assets$11,784
Open 2023 Filing

Operations Trend

Revenue Growth42nd percentile

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

$100K$50K$0-$50KRevenue 2021: $76,752Expenses 2021: $72,723Net Income 2021: $4,0292021Revenue 2022: $64,335Expenses 2022: $65,814Net Income 2022: -$1,4792022Revenue 2023: $63,253Expenses 2023: $59,920Net Income 2023: $3,3332023Revenue 2024: $83,826Expenses 2024: $68,827Net Income 2024: $14,9992024

Highlighted filing

2023

Revenue$63,253
Expenses$59,920
Net Income$3,333
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 27, 2024
Return Version
2023v5.0
Gross Receipts
$63,253
Mission and Program Overview

Mission

Provide sustainable solutions to educate and empower youth to become strong community leaders.

Program Services

DescriptionGrantsExpenses
Sponsorship program: Through the financial support of a sponsor, a student between the ages 4 through 14 is able to attend primary school at no cost. Enrollment declined by 7 students during 2023 due to 10 students transitioning from primary school to high school. A total of 129 students were sponsored in 2023.$50,483$50,483
Medical clinic: The Somero Project funded construction of a medical clinic in 2021, providing healthcare to the community - including students and teachers. One staff member was added to the medical clinic in 2023 to support the nurse who provides care.$4,200$4,200
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rebecca OlsonPresident And FounderPT$0--
Craig ConoverVice President-$0--
Hannah SullivanTreasurer-$0--
Andrea FarredDirector-$0--
Kristen GreenacreDirector-$0--
Sausha KnottDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Somero Project
EIN
26-3271411
Phone
3602553704
Address
7495 Leeside Dr, Blaine, WA 98230

Signing Officer

Name
Rebecca Olson
Title
President and Founder
Phone
3602553704
Signed
2024-06-27
Discuss with paid preparer
Yes

Preparer

Firm
Sun Mountain Consulting
Address
5689 Knight Rd, Bellingham, WA 98226
Preparer
Kelsey Bedient
Phone
7199635863
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

“Grants and other assistance funds are wired approximately once per month to the Evergreen Primary School's bank account. The School's Director receives a detailed breakdown of how the funds are to be spent. The Director will submit receipts to The Somero Project after the funds are spent to substantiate purchases and ensure compliance.”

Form 990-EZ, Part I, Line 16

“Miscellaneous administrative expenses, including website maintenance, office supplies and payment processing.”

Raw XML Appendix208 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President and Founder
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt04212
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Provide sustainable solutions to educate and empower youth to become strong community leaders.
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IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Sponsorship program: Through the financial support of a sponsor, a student between the ages 4 through 14 is able to attend primary school at no cost. Enrollment declined by 7 students during 2023 due to 10 students transitioning from primary school to high school. A total of 129 students were sponsored in 2023.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Medical clinic: The Somero Project funded construction of a medical clinic in 2021, providing healthcare to the community - including students and teachers. One staff member was added to the medical clinic in 2023 to support the nurse who provides care.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt14200
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt14200
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt048796
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Grants and other assistance funds are wired approximately once per month to the Evergreen Primary School's bank account. The School's Director receives a detailed breakdown of how the funds are to be spent. The Director will submit receipts to The Somero Project after the funds are spent to substantiate purchases and ensure compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Miscellaneous administrative expenses, including website maintenance, office supplies and payment processing.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Rebecca Olson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President and Founder
ReturnHeader/BusinessOfficerGrp/PhoneNum03602553704
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE SOMERO PROJECT
ReturnHeader/Filer/BusinessNameControlTxt0SOME
ReturnHeader/Filer/EIN0263271411
ReturnHeader/Filer/PhoneNum03602553704
ReturnHeader/Filer/USAddress/AddressLine1Txt07495 Leeside Dr
ReturnHeader/Filer/USAddress/CityNm0Blaine
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098230
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0872509602
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sun Mountain Consulting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05689 Knight Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bellingham
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098226
ReturnHeader/PreparerPersonGrp/PhoneNum07199635863
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kelsey Bedient
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-07-29T17:43:10-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$11,784
Liabilities
$0
Net assets
$11,784
Revenue
$63,253
Expenses
$59,920
Net income
$3,333
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$28.2$0.00$28.2$83.8$68.8$15.0
2023Detailed filing. Detailed filing data is available for this year.$11.8$0.00$11.8$63.3$59.9$3.33
2022Detailed filing. Detailed filing data is available for this year.$8.45$0.00$8.45$64.3$65.8$1.48
2021Detailed filing. Detailed filing data is available for this year.$9.65$0.00$9.65$76.8$72.7$4.03