Civic Intelligence

Somi Vip Inc.

990 • Fiscal year 2020 • EIN 27-1161992

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 09, 2021

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

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

16th percentile

-36%

Higher net margin than 16% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

26th percentile

-11%

Faster asset growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

12th percentile

-71%

Faster revenue growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$291,640

Down $36,822 (-11%) from 2019

Net Assets

Down

$291,640

Down $36,822 (-11%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin16th percentile

Revenue

Down

$103,132

Down $258,234 (-71%) from 2019

Expenses

Down

$139,954

Down $80,584 (-37%) from 2019

Net Income

Down

-$36,822

Down $177,650 (-126%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2020

Assets$291,640
Liabilities$0
Net Assets$291,640
Open 2020 Filing

Operations Trend

Revenue Growth12th 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

2020

Revenue$103,132
Expenses$139,954
Net Income-$36,822
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 9, 2021
Return Version
2019v5.2
Gross Receipts
$127,962
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$324,269$289,182▼ $35,087
Land, Buildings, and Equipment, Net$4,193$2,458▼ $1,735
Total Assets$328,462$291,640▼ $36,822
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$328,462$291,640▼ $36,822
Total Net Assets Fund Balance$328,462$291,640▼ $36,822
Total Liabilities and Net Assets / Fund Balance$328,462$291,640▼ $36,822

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,458$12,473$14,931
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Arleen GomezPresident
Mary M Aymerich Resigned 0620President
Michelle RosqueteVice President
Angela M Gimenez Resigned 0620Secretary
Lisa BascuasSecretary
Lexie Sarraff SantosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$88,495
Program Service Revenue
$0
Investment Income
$766
Other Revenue
$13,871
All Other Contributions
$85,095
Change in Net Assets
$-36,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$134,125
Other Expenses$5,829
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$134,125--$134,125
Depreciation Depletion$1,735--$1,735
Other Expenses$188$533-$188
All Other Expenses$170--$170
Total Functional Expenses$136,218$3,736$0$139,954
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Somerset Academy IncMiami, FL501(c)3To Provide Financial Support to Somerset Academy South Miami.$134,125
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,652
Fundraising Direct Expenses$10,584
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
School Dance$9,424$9,424$3,659$5,765
Carnival$3,400-$3,030-
Total Events$21,052$17,652$10,584$7,068
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 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
Arleen Gomez
Title
President
Phone
3056692906
Signed
2021-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arleen Gomez
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, 2020 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, 2020 somi vip, inc is electing to capitalize repair and maintenance costs under reg. Sec. 1.263(a)-3(n).”

Raw XML Appendix386 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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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt08228
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt017652
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt07068
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesOtherEventsAmt0650
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0650
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt080
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06769
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03030
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03659
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0134125
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, 2020 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, 2020 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/TotalAssetsBOYAmt0328462
IRS990/TotalAssetsEOYAmt0291640
IRS990/TotalAssetsGrp/BOYAmt0328462
IRS990/TotalAssetsGrp/EOYAmt0291640
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt088495
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03736
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0136218
IRS990/TotalFunctionalExpensesGrp/TotalAmt0139954
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0328462
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0291640
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0136218
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt07068
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07569
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0103132
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0328462
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0291640
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ARLEEN GOMEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03056692906
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-09
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/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/PreparationDt02021-02-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEONARDO D GRAVIER
ReturnHeader/ReturnTs02021-02-09T15:30:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$291,640
Liabilities
$0
Net assets
$291,640
Revenue
$103,132
Expenses
$139,954
Net income
-$36,822
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
2020Detailed filing. Detailed filing data is available for this year.$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