Civic Intelligence

Somi Vip Inc.

990 • Fiscal year 2019 • EIN 27-1161992

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 21, 2020

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.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

89th percentile

75%

Faster asset growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

93rd percentile

113%

Faster revenue growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$328,462

Up $140,828 (+75%) from 2018

Net Assets

Up

$328,462

Up $140,828 (+75%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin88th percentile

Revenue

Up

$361,366

Up $192,018 (+113%) from 2018

Expenses

Up

$220,538

Up $86,191 (+64%) from 2018

Net Income

Up

$140,828

Up $105,827 (+302%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth89th 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

2019

Assets$328,462
Liabilities$0
Net Assets$328,462
Open 2019 Filing

Operations Trend

Revenue Growth93rd 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

2019

Revenue$361,366
Expenses$220,538
Net Income$140,828
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 21, 2020
Return Version
2018v3.1
Gross Receipts
$406,640
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$181,706$324,269▲ $142,563
Land, Buildings, and Equipment, Net$5,928$4,193▼ $1,735
Total Assets$187,634$328,462▲ $140,828
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$187,634$328,462▲ $140,828
Total Net Assets Fund Balance$187,634$328,462▲ $140,828
Total Liabilities and Net Assets / Fund Balance$187,634$328,462▲ $140,828

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,193$10,738$14,931
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Mary M AymerichPresident
Dana Estopinan Resigned 012019Vice President
Michelle RosqueteVice President
Angela M GimenezSecretary
Lexie Sarraff SantosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$345,216
Program Service Revenue
$0
Investment Income
$641
Other Revenue
$15,509
All Other Contributions
$320,228
Change in Net Assets
$140,828
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$210,315
Other Expenses$10,223
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$210,315--$210,315
Depreciation Depletion$1,735--$1,735
Other Expenses$346$516-$346
All Other Expenses$140--$140
Total Functional Expenses$212,536$8,002$0$220,538
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Somerset Academy IncMiami, FL501(c)3To Provide Financial Support to Somerset Academy South Miami.$210,315
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$33,089
Fundraising Direct Expenses$29,672
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Carnival$37,135$12,147$16,838$-4,691
School Dance$9,736$9,736-$9,736
Total Events$58,077$33,089$29,672$3,417
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
2020-04-21
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, 2019 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, 2019 somi vip, inc is electing to capitalize repair and maintenance costs under reg. Sec. 1.263(a)-3(n).”

Raw XML Appendix392 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 - 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. 2018 AMOUNT: $ 22,705.
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt02045
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018883
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016838
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt04184
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt04184
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0210315
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
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:
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, 2019 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, 2019 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/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0187634
IRS990/TotalAssetsEOYAmt0328462
IRS990/TotalAssetsGrp/BOYAmt0187634
IRS990/TotalAssetsGrp/EOYAmt0328462
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0345216
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08002
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0212536
IRS990/TotalFunctionalExpensesGrp/TotalAmt0220538
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0187634
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0328462
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0212536
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03417
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012733
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0361366
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0187634
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0328462
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0187634
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0328462
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/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY M AYMERICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03056692906
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-21
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/AtSubmissionCreationDeviceId09EA856093F37FB6122F8C4E8FDCDB130C60C6103
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00215E8D9D087A1544DC8C7F2036EBFDACFC7D020
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.161.32.230
ReturnHeader/FilingSecurityInformation/IPDt02020-04-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:15:40
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/ReturnTs02020-04-21T08:15:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$328,462
Liabilities
$0
Net assets
$328,462
Revenue
$361,366
Expenses
$220,538
Net income
$140,828
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
2019Detailed filing. Detailed filing data is available for this year.$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