Civic Intelligence

Somi Vip Inc.

990 • Fiscal year 2014 • EIN 27-1161992

Jul 01, 2013 to Jun 30, 2014 • Filed on May 13, 2015

Organization ProfileWWW.SOMERSETSOMI.COM/VIP.PHP
6340 Sunset Drive33143

(305) 669-2906

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

16th percentile

-19%

Higher net margin than 16% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

$110,387

No earlier filing loaded for comparison.

Net Assets

$110,387

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin16th percentile

Revenue

$131,136

No earlier filing loaded for comparison.

Expenses

$155,917

No earlier filing loaded for comparison.

Net Income

-$24,781

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2014

Assets$110,387
Liabilities$0
Net Assets$110,387
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$131,136
Expenses$155,917
Net Income-$24,781
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 13, 2015
Return Version
2013v4.0
Gross Receipts
$221,061
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 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 parents and the school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$133,366$109,836▼ $23,530
Land, Buildings, and Equipment, Net$1,802$551▼ $1,251
Total Assets$135,168$110,387▼ $24,781
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$135,168$110,387▼ $24,781
Total Net Assets Fund Balance$135,168$110,387▼ $24,781
Total Liabilities and Net Assets / Fund Balance$135,168$110,387▼ $24,781

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$551$5,705$6,256
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Angela GimenezPresident
Dana EstopinanVice President
Ana WendelkenSecretary
Beatriz a MorejonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$111,777
Program Service Revenue
$0
Investment Income
$144
Other Revenue
$19,215
All Other Contributions
$111,777
Change in Net Assets
$-24,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$151,475
Other Expenses$4,442
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$151,475--$151,475
Depreciation Depletion$1,251--$1,251
All Other Expenses-$504-$504
Other Expenses$349$251-$251
Total Functional Expenses$153,075$2,842$0$155,917
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
31-1569428-501(c)3To Provide Financial Support to Somerset Academy South Miami.$120,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$102,580
Fundraising Direct Expenses$88,192
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$60,500$60,500$37,624$22,876
Event 2$29,185$29,185$3,694$25,491
Total Events$102,580$102,580$88,192$14,388
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 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 11

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

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

“The organization requires that all officers and/or directors disclose any activity that maybe 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

EIN
27-1161992
Phone
3056692906

Signing Officer

Name
Angela Gimenez
Title
President
Phone
3056692906
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Gimenez
Formed
2009
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Preparer
Leonardo D Gravier
Phone
3054463022
Raw XML Appendix348 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/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE MISSION OF THE SOMI VIP INC IS TO ENHANCE THE ACADEMIC AND PERSONAL GROWTH OF SOUTH MIAMI STUDENTS THROUGH A PARTNERSHIP BETWEEN PARENTS AND THE SCHOOL.
IRS990/AllOtherContributionsAmt0111777
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0504
IRS990/AllOtherExpensesGrp/TotalAmt0504
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/PersonNm0ANA WENDELKEN
IRS990/BooksInCareOfDetail/PhoneNum03056692906
IRS990/BooksInCareOfDetail/USAddress/AddressLine105876 SW 68TH ST
IRS990/BooksInCareOfDetail/USAddress/City0SOUTH MIAMI
IRS990/BooksInCareOfDetail/USAddress/State0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCode033143
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0133366
IRS990/CashNonInterestBearingGrp/EOYAmt0109836
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CostOfGoodsSoldAmt01733
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0111777
IRS990/CYGrantsAndSimilarPaidAmt0151475
IRS990/CYInvestmentIncomeAmt0144
IRS990/CYOtherExpensesAmt04442
IRS990/CYOtherRevenueAmt019215
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-24781
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0155917
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0131136
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01251
IRS990/DepreciationDepletionGrp/TotalAmt01251
IRS990/Desc0SOUTH MIAMI VIP INC PROVIDES SUPPORT TO SOMERSET SOUTH MIAMI CHARTER SCHOOL TO ENCHANCE AND MAXIMIZE THE EDUCATION EXPERIENCE FOR EVERY CHILD ENROLLED.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0153075
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0ANGELA GIMENEZ
IRS990/Form990PartVIISectionAGrp/PersonNm1DANA ESTOPINAN
IRS990/Form990PartVIISectionAGrp/PersonNm2BEATRIZ A MOREJON
IRS990/Form990PartVIISectionAGrp/PersonNm3ANA WENDELKEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt088192
IRS990/FundraisingGrossIncomeAmt0102580
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0151475
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0151475
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0151475
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0221061
IRS990/GrossSalesOfInventoryAmt06560
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0144
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0144
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05705
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01802
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0551
IRS990/LandBldgEquipCostOrOtherBssAmt06256
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0135168
IRS990/NetAssetsOrFundBalancesEOYAmt0110387
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt014388
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt014388
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt04827
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt04827
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc1TAXES & LICENSES
IRS990/OtherExpensesGrp/Desc2MISC EXPENSES
IRS990/OtherExpensesGrp/Desc3BANK SERVICE CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01367
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1720
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2251
IRS990/OtherExpensesGrp/ProgramServicesAmt0349
IRS990/OtherExpensesGrp/TotalAmt01367
IRS990/OtherExpensesGrp/TotalAmt1720
IRS990/OtherExpensesGrp/TotalAmt2349
IRS990/OtherExpensesGrp/TotalAmt3251
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ANGELA GIMENEZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt078712
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0120000
IRS990/PYInvestmentIncomeAmt0159
IRS990/PYOtherExpensesAmt011321
IRS990/PYOtherRevenueAmt031231
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-21219
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0131321
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0110102
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-24781
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04971
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0111777
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt078712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0153567
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0113665
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0457721
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0526017
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0144
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0144
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0457721
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0111777
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt078712
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0153567
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0113665
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0457721
IRS990ScheduleA/TotalSupportAmt0457865
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0551
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05705
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06256
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0551
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt088192
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt01579
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt03314
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt04893
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt060500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt029185
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt012895
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0102580
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt060500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt029185
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt012895
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0102580
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0CARNIVAL
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014388
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt04950
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt046268
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt037624
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03694
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt019531
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt017500
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt037031
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0120000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt031475
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0COMPUTERS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE FINANCIAL SUPPORT TO SOMERSET ACADEMY SOUTH MIAMI.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10SOMERSET ACADEMY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0311569428
IRS990ScheduleI/RecipientTable/USAddress/AddressLine106340 SUNSET DRIVE
IRS990ScheduleI/RecipientTable/USAddress/City0MIAMI
IRS990ScheduleI/RecipientTable/USAddress/State0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode033143
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WORKS CLOSELY WITH THE SCHOOL TO WHOM IT PROVIDES FINANCIAL ASSISTANCES IN ORDER TO ENSURE THAT FUNDS ARE USED FOR THE INTENDED PROGRAMS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS A MEETING WITH THE BOARD OF DIRECTORS TO REVIEW THE CONTENTS OF THE FORM 990 BEFORE SUBMITTING IT TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES THAT ALL OFFICERS AND/OR DIRECTORS DISCLOSE ANY ACTIVITY THAT MAYBE 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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0135168
IRS990/TotalAssetsEOYAmt0110387
IRS990/TotalAssetsGrp/BOYAmt0135168
IRS990/TotalAssetsGrp/EOYAmt0110387
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0111777
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02842
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0153075
IRS990/TotalFunctionalExpensesGrp/TotalAmt0155917
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0135168
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0110387
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0153075
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt014388
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04971
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0131136
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0135168
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0110387
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0135168
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0110387
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine106340 SUNSET DRIVE
IRS990/USAddress/City0MIAMI
IRS990/USAddress/State0FL
IRS990/USAddress/ZIPCode033143
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTP://WWW.SOMERSETSOMI.COM/VIP.PHP
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANGELA GIMENEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03056692906
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine10SOMI VIP INC
ReturnHeader/Filer/BusinessNameControlTxt0SOMI
ReturnHeader/Filer/EIN0271161992
ReturnHeader/Filer/PhoneNum03056692906
ReturnHeader/Filer/USAddress/AddressLine106340 SUNSET DRIVE
ReturnHeader/Filer/USAddress/City0MIAMI
ReturnHeader/Filer/USAddress/State0FL
ReturnHeader/Filer/USAddress/ZIPCode033143
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204946415
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10HLB GRAVIER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10396 ALHAMBRA CIRCLE SUITE 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0CORAL GABLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0331345095
ReturnHeader/PreparerPersonGrp/PhoneNum03054463022
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEONARDO D GRAVIER
ReturnHeader/ReturnTs02015-05-13T15:46:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$110,387
Liabilities
$0
Net assets
$110,387
Revenue
$131,136
Expenses
$155,917
Net income
-$24,781
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