Civic Intelligence

Somi Vip Inc.

990 • Fiscal year 2018 • EIN 27-1161992

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 22, 2019

Organization ProfileWWW.SOMERSETSOMI.COM/VIP.PHP
6340 Sunset DriveMiami, FL 33143

(305) 669-2906

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

77th percentile

21%

Higher net margin than 77% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

74th percentile

23%

Faster asset growth than 74% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

60th percentile

7.7%

Faster revenue growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$187,634

Up $35,001 (+23%) from 2017

Net Assets

Up

$187,634

Up $35,001 (+23%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin77th percentile

Revenue

Up

$169,348

Up $12,096 (+7.7%) from 2017

Expenses

Up

$134,347

Up $1,748 (+1.3%) from 2017

Net Income

Up

$35,001

Up $10,348 (+42%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

2018

Assets$187,634
Liabilities$0
Net Assets$187,634
Open 2018 Filing

Operations Trend

Revenue Growth60th percentile

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

2018

Revenue$169,348
Expenses$134,347
Net Income$35,001
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 22, 2019
Return Version
2017v2.3
Gross Receipts
$205,057
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$144,970$181,706▲ $36,736
Land, Buildings, and Equipment, Net$7,663$5,928▼ $1,735
Total Assets$152,633$187,634▲ $35,001
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$152,633$187,634▲ $35,001
Total Net Assets Fund Balance$152,633$187,634▲ $35,001
Total Liabilities and Net Assets / Fund Balance$152,633$187,634▲ $35,001

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,928$9,003$14,931
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Mary M AymerichPresident
Dana EstopinanVice President
Angela M GimenezSecretary
Lexie Sarraff SantosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$161,247
Program Service Revenue
$0
Investment Income
$608
Other Revenue
$7,493
All Other Contributions
$151,247
Change in Net Assets
$35,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$128,000
Other Expenses$6,347
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$128,000--$128,000
Depreciation Depletion$1,735--$1,735
Other Expenses$690$441-$441
All Other Expenses$203$156-$359
Total Functional Expenses$130,628$3,719$0$134,347
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Somerset Academy IncMiami, FL501(c)3To Provide Financial Support to Somerset Academy South Miami.$128,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,088
Fundraising Direct Expenses$28,079
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Carnival$33,581$23,581$16,471$7,110
Other Events$8,507$8,507$1,509$6,998
Total Events$42,088$32,088$28,079$4,009
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 11B

“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 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
3056692906
Address
6340 SUNSET DRIVE, MIAMI, FL 33143

Signing Officer

Name
Mary M Aymerich
Title
President
Phone
3056692906
Signed
2019-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary M Aymerich
Formed
2009
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
Hlb Gravier Llp
Address
396 ALHAMBRA CIRCLE SUITE 900, CORAL GABLES, FL 33134-5095
Preparer
Leonardo D Gravier
Phone
3054463022
Supplemental Narrative

Additional Explanations

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

“Somi vip, inc 6340 sunset drive miami, 33143 employer identificacion number: 27-1161992 for the year ending june 30, 2018 somi vip, inc is making the minimis safe harbor election under reg. Sec. 1.263(a)-1(f)”

Section 1.263(A)-3(N) Election

“Somi vip, inc 6340 sunset drive miami, 33143 employer identificacion number: 27-1161992 for the year ending june 30, 2018 somi vip, inc is electing to capitalize repair and maintenance costs under reg. Sec. 1.263(a)-3(n).”

Raw XML Appendix378 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INTEREST INCOME - 2013 AMOUNT: $ 144. 2014 AMOUNT: $ 152. OTHER INCOME - 2015 AMOUNT: $ 56. 2016 AMOUNT: $ 304. 2017 AMOUNT: $ 19. GROSS SALES OF INVENTORY - 2015 AMOUNT: $ 5,967. 2016 AMOUNT: $ 6,008. 2017 AMOUNT: $ 11,095.
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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:
IRS990ScheduleI/Total501c3OrgCnt01
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 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 6340 SUNSET DRIVE MIAMI, 33143 EMPLOYER IDENTIFICACION NUMBER: 27-1161992 FOR THE YEAR ENDING JUNE 30, 2018 SOMI VIP, INC IS MAKING THE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SOMI VIP, INC 6340 SUNSET DRIVE MIAMI, 33143 EMPLOYER IDENTIFICACION NUMBER: 27-1161992 FOR THE YEAR ENDING JUNE 30, 2018 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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0152633
IRS990/TotalAssetsEOYAmt0187634
IRS990/TotalAssetsGrp/BOYAmt0152633
IRS990/TotalAssetsGrp/EOYAmt0187634
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0161247
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03719
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0130628
IRS990/TotalFunctionalExpensesGrp/TotalAmt0134347
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0152633
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0187634
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0130628
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04009
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04092
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0169348
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0152633
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0187634
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0152633
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0187634
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06340 SUNSET DRIVE
IRS990/USAddress/CityNm0MIAMI
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033143
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTP://WWW.SOMERSETSOMI.COM/VIP.PHP
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY M AYMERICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03056692906
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOMI VIP INC
ReturnHeader/Filer/BusinessNameControlTxt0SOMI
ReturnHeader/Filer/EIN0271161992
ReturnHeader/Filer/PhoneNum03056692906
ReturnHeader/Filer/USAddress/AddressLine1Txt06340 SUNSET DRIVE
ReturnHeader/Filer/USAddress/CityNm0MIAMI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033143
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId060CFFC82BFABCBAFC3543D03F5AB8DFB1459E79C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03FBAFE4B21635A4B03158F5536DA824513D068E3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.161.32.230
ReturnHeader/FilingSecurityInformation/IPDt02019-03-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:29:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204946415
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HLB GRAVIER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0396 ALHAMBRA CIRCLE SUITE 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORAL GABLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0331345095
ReturnHeader/PreparerPersonGrp/PhoneNum03054463022
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEONARDO D GRAVIER
ReturnHeader/ReturnTs02019-03-22T14:30:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$187,634
Liabilities
$0
Net assets
$187,634
Revenue
$169,348
Expenses
$134,347
Net income
$35,001
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
2018Detailed filing. Detailed filing data is available for this year.$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