Civic Intelligence

Somi Vip Inc

EIN 27-1161992 • 501(c)3 • South Miami, FL

Profile

The mission of the parents association is to enhance the academic and personal growth of somerset south miami students through a partnership between parents and the charter school.

5876 SW 68th StreetSouth Miami, FL 33143

www.somersetsomi.com/VIP.PHP

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

81st percentile

30%

Higher net margin than 81% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

77th percentile

22%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

38%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$538,972

Up $106,834 (+25%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$538,972

Up $106,834 (+25%) from 2022

Operations
Liabilities / Revenue35th percentileNet Margin81st percentile

Revenue

Up

$326,198

Up $75,141 (+30%) from 2022

Expenses

Up

$229,746

Up $13,088 (+6.0%) from 2022

Net Income

Up

$96,452

Up $62,053 (+180%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth77th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2014: $110,387Liabilities 2014: $0Net Assets 2014: $110,3872014Assets 2015: $96,493Liabilities 2015: $0Net Assets 2015: $96,4932015Assets 2017: $152,633Liabilities 2017: $0Net Assets 2017: $152,6332017Assets 2018: $187,634Liabilities 2018: $0Net Assets 2018: $187,6342018Assets 2019: $328,462Liabilities 2019: $0Net Assets 2019: $328,4622019Assets 2020: $291,640Liabilities 2020: $0Net Assets 2020: $291,6402020Assets 2021: $397,739Liabilities 2021: $0Net Assets 2021: $397,7392021Assets 2022: $432,138Liabilities 2022: $0Net Assets 2022: $432,1382022Assets 2024: $538,972Liabilities 2024: $0Net Assets 2024: $538,9722024

Highlighted filing

2024

Assets$538,972
Liabilities$0
Net Assets$538,972
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2014: $131,136Expenses 2014: $155,917Net Income 2014: -$24,7812014Revenue 2015: $139,542Expenses 2015: $153,436Net Income 2015: -$13,8942015Revenue 2017: $157,252Expenses 2017: $132,599Net Income 2017: $24,6532017Revenue 2018: $169,348Expenses 2018: $134,347Net Income 2018: $35,0012018Revenue 2019: $361,366Expenses 2019: $220,538Net Income 2019: $140,8282019Revenue 2020: $103,132Expenses 2020: $139,954Net Income 2020: -$36,8222020Revenue 2021: $370,695Expenses 2021: $264,596Net Income 2021: $106,0992021Revenue 2022: $251,057Expenses 2022: $216,658Net Income 2022: $34,3992022Revenue 2024: $326,198Expenses 2024: $229,746Net Income 2024: $96,4522024

Highlighted filing

2024

Revenue$326,198
Expenses$229,746
Net Income$96,452
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$538,972
Liabilities
$0
Net assets
$538,972
Revenue
$326,198
Expenses
$229,746
Net income
$96,452
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.39$0.00$5.39$3.26$2.30$0.96
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.32$0.00$4.32$2.51$2.17$0.34
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$0.00$3.98$3.71$2.65$1.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.92$0.00$2.92$1.03$1.40$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$0.00$3.28$3.61$2.21$1.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.00$1.88$1.69$1.34$0.35
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.00$1.53$1.57$1.33$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$1.40$1.53$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$1.31$1.56$0.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$447,206
Mission and Program Overview

Mission

The mission of the parents association is to enhance the academic and personal growth of somerset south miami students through a partnership between the parents and the charter school.

The mission of the somi vip inc is to enhance the academic and personal growth of south miami students through a partnership between the parents and the school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$442,532$538,972▲ $96,440
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$442,532$538,972▲ $96,440
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$442,532$538,972▲ $96,440
Total Net Assets Fund Balance$442,532$538,972▲ $96,440
Total Liabilities and Net Assets / Fund Balance$442,532$538,972▲ $96,440

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$14,931$14,931
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Monica SchinkerPresident
Danica MelendezVice President
Amanda PortasSecretary
Maritza DiazTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$230,953
Program Service Revenue
$0
Investment Income
$78
Other Revenue
$95,167
All Other Contributions
$230,953
Change in Net Assets
$96,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$210,000
Other Expenses$19,746
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$210,000--$210,000
Fees for Services Other$10,136--$10,136
Other Expenses$8,163--$8,163
Fees for Services Legal-$1,447-$1,447
Total Functional Expenses$228,299$1,447$0$229,746
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Somerset Academy IncMiami, FL501(c)3To Provide Financial Support to Somerset Academy South Miami.$210,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$151,618
Fundraising Direct Expenses$94,077
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Other Events$29,608$29,608$10,245$19,363
School Dance$24,362$24,362$19,068$5,294
Total Events$151,617$151,617$94,077$57,540
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
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, Part VI, Section B, Line 11B

“The organization holds a meeting with the board of directors to review the contents of form 990 before submitting it to the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“The organization requires all officers and/or directors disclose any activity that may be a conflict of interest.”

Form 990, Part VI, Section B, Line 15

“During the determination of compensation of officers and key employees, the organization reviews the officer's contract, budget, and performance.”

Form 990, Part VI, Section C, Line 18

“This information is available on www.guidestar.org.”

Form 990, Part VI, Section C, Line 19

“This information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Somi Vip Inc
EIN
27-1161992
Phone
3057400509
Address
5876 SW 68TH STREET, SOUTH MIAMI, FL 33143

Signing Officer

Name
Monica Schinker
Title
President
Phone
3057400509
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monica Schinker
Formed
2009
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
7

Preparer

Firm
Hlb Gravier Llp
Address
4000 PONCE DE LEON BLVD SUITE 610, CORAL GABLES, FL 33146
Preparer
Leonardo D Gravier
Phone
3054463022
Supplemental Narrative

Additional Explanations

Section 1.263(A)-1(F) De Minimis Safe Harbor Election

“Somi vip, inc 5876 sw 68th street south miami, 33143 employer identification number: 27-1161992 for the year ending june 30, 2024 somi vip, inc is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f)”

Section 1.263(A)-3(N) Election

“Somi vip, inc 5876 sw 68th street south miami, 33143 employer identification number: 27-1161992 for the year ending june 30, 2024 somi vip, inc is electing to capitalize repair and maintenance costs under reg. Sec. 1.263(a)-3(n).”

Raw XML Appendix356 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
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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/GrantAmt0210000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0210000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0210000
IRS990/GrantsToIndividualsInd00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INTEREST INCOME - OTHER INCOME - 2020 AMOUNT: $ 483. 2022 AMOUNT: $ 171. GROSS SALES OF INVENTORY - 2019 AMOUNT: $ 21,049. 2020 AMOUNT: $ 12,497. 2021 AMOUNT: $ 14,361. 2022 AMOUNT: $ 15,556. 2023 AMOUNT: $ 64,557.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt053380
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt082693
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt019068
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt010245
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0210000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE FINANCIAL SUPPORT TO SOMERSET ACADEMY SOUTH MIAMI.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SOMERSET ACADEMY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0311569428
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt06340 SUNSET DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MIAMI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033143
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WORKS CLOSELY WITH THE SCHOOL TO WHOM IT PROVIDES FINANCIAL ASSISTANCE IN ORDER TO ENSURE THAT FUNDS ARE USED FOR THE INTENDED PROGRAMS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS A MEETING WITH THE BOARD OF DIRECTORS TO REVIEW THE CONTENTS OF FORM 990 BEFORE SUBMITTING IT TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES ALL OFFICERS AND/OR DIRECTORS DISCLOSE ANY ACTIVITY THAT MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING THE DETERMINATION OF COMPENSATION OF OFFICERS AND KEY EMPLOYEES, THE ORGANIZATION REVIEWS THE OFFICER'S CONTRACT, BUDGET, AND PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS INFORMATION IS AVAILABLE ON WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SOMI VIP, INC 5876 SW 68TH STREET SOUTH MIAMI, 33143 EMPLOYER IDENTIFICATION NUMBER: 27-1161992 FOR THE YEAR ENDING JUNE 30, 2024 SOMI VIP, INC IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SOMI VIP, INC 5876 SW 68TH STREET SOUTH MIAMI, 33143 EMPLOYER IDENTIFICATION NUMBER: 27-1161992 FOR THE YEAR ENDING JUNE 30, 2024 SOMI VIP, INC IS ELECTING TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6SECTION 1.263(A)-3(N) ELECTION
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0442532
IRS990/TotalAssetsEOYAmt0538972
IRS990/TotalAssetsGrp/BOYAmt0442532
IRS990/TotalAssetsGrp/EOYAmt0538972
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0230953
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01447
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0228299
IRS990/TotalFunctionalExpensesGrp/TotalAmt0229746
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0442532
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0538972
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0228299
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt057541
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt037704
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0326198
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0442532
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0538972
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05876 SW 68TH STREET
IRS990/USAddress/CityNm0SOUTH MIAMI
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033143
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTP://WWW.SOMERSETSOMI.COM/VIP.PHP
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MONICA SCHINKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03057400509
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOMI VIP INC
ReturnHeader/Filer/BusinessNameControlTxt0SOMI
ReturnHeader/Filer/EIN0271161992
ReturnHeader/Filer/PhoneNum03057400509
ReturnHeader/Filer/USAddress/AddressLine1Txt05876 SW 68TH STREET
ReturnHeader/Filer/USAddress/CityNm0SOUTH MIAMI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033143
ReturnHeader/Form8822BAttachedInd0X
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204946415
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HLB GRAVIER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04000 PONCE DE LEON BLVD SUITE 610
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORAL GABLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033146
ReturnHeader/PreparerPersonGrp/PhoneNum03054463022
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEONARDO D GRAVIER
ReturnHeader/ReturnTs02025-05-15T10:54:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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