Civic Intelligence

Somo Project

990 • Fiscal year 2021 • EIN 46-4140758

Jan 01, 2021 to Dec 31, 2021 • Filed on May 18, 2022

Organization Profilewww.somoafrica.org
10th Street Apt 1222San Francisco, CA 94122

(914) 426-2055

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

32nd percentile

2.2%

Higher net margin than 32% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

85th percentile

58%

Faster asset growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

58th percentile

21%

Faster revenue growth than 58% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$620,904

Up $227,159 (+58%) from 2020

Net Assets

Up

$620,904

Up $227,159 (+58%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin32nd percentile

Revenue

Up

$657,172

Up $114,145 (+21%) from 2020

Expenses

Up

$642,970

Up $303,769 (+90%) from 2020

Net Income

Down

$14,202

Down $189,624 (-93%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$1.5M$1.0M$500K$0Assets 2017: $33,129Liabilities 2017: $0Net Assets 2017: $33,1292017Assets 2018: $110,743Liabilities 2018: $0Net Assets 2018: $110,7432018Assets 2019: $165,557Liabilities 2019: $0Net Assets 2019: $165,5572019Assets 2020: $393,745Liabilities 2020: $0Net Assets 2020: $393,7452020Assets 2021: $620,904Liabilities 2021: $0Net Assets 2021: $620,9042021Assets 2022: $854,608Liabilities 2022: $46,000Net Assets 2022: $808,6082022Assets 2023: $996,852Liabilities 2023: $0Net Assets 2023: $996,8522023Assets 2024: $1,421,353Liabilities 2024: $78,801Net Assets 2024: $1,342,5522024

Highlighted filing

2021

Assets$620,904
Liabilities$0
Net Assets$620,904
Open 2021 Filing

Operations Trend

Revenue Growth58th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0Revenue 2017: $92,938Expenses 2017: $71,220Net Income 2017: $21,7182017Revenue 2018: $175,230Expenses 2018: $151,083Net Income 2018: $24,1472018Revenue 2019: $294,314Expenses 2019: $239,500Net Income 2019: $54,8142019Revenue 2020: $543,027Expenses 2020: $339,201Net Income 2020: $203,8262020Revenue 2021: $657,172Expenses 2021: $642,970Net Income 2021: $14,2022021Revenue 2022: $1,040,334Expenses 2022: $751,109Net Income 2022: $289,2252022Revenue 2023: $1,062,840Expenses 2023: $965,120Net Income 2023: $97,7202023Revenue 2024: $1,069,620Expenses 2024: $901,579Net Income 2024: $168,0412024

Highlighted filing

2021

Revenue$657,172
Expenses$642,970
Net Income$14,202
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 18, 2022
Return Version
2021v4.0
Gross Receipts
$657,172
Mission and Program Overview

Mission

Somos mission is to partner with entrepreneurs from low-income communities to build self-sustaining, high-impact businesses, providing them with the training, mentorship, capital and market access they need to succeed.

Registered 501(c)(3) that provides training, mentorship, and capital to entrepreneurs building businesses out of low income urban.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$393,745$620,904▲ $227,159
Land, Buildings, and Equipment, Net$55,119$522,274▲ $467,155
Cash and Non-Interest-Bearing Accounts$338,626$98,630▼ $239,996
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$393,745$620,904▲ $227,159
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$393,745$620,904▲ $227,159
Total Liabilities and Net Assets / Fund Balance$393,745$620,904▲ $227,159

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$469,044$75,268$544,312
Land$53,230-$53,230
Buildings$0$0$0
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Tom PhillipsBoard Chair
Edward MungaiBoard Member
Eskor JohnBoard Member
Fiona KirubiBoard Member
Kagure WamunyuBoard Member
Amelia Hopkins PhillipsExecutive Director
Edel WereSecretary
Brittany RydenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$657,172
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$657,172
Change in Net Assets
$14,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$610,478
Professional Fundraising Fees$32,492
Total Fundraising Expense$32,492
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$52,688$22,580-$75,268
Fees for Services Professional Fundraising--$32,492$32,492
Office Expenses$22,253$10,103-$32,356
Other Expenses$13,268$5,686$0$18,954
Fees for Services Accounting-$14,462-$14,462
Advertising$8,378$3,590-$11,968
Information Technology$5,005$2,145-$7,150
Travel$1,772$759-$2,531
Total Functional Expenses$538,687$71,791$32,492$642,970
International Activity

International Summary

Offices
1
Employees
20
Spending
$377,874

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaProgram Servicesprovide training/mentoring services120$377,874
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$32,492
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
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
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 A, Line 2

“Two board members have a familial relationship.”

Form 990, Part VI, Section B, Line 11B

“The return preparer emails a copy of the final version of form 990 to each board member before it was filed.”

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

“Periodical written documents and reviews on disclosure for compliance with conflicts of interest policy.”

Form 990, Part VI, Section C, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Somo Project
EIN
46-4140758
Phone
9144262055
Address
10TH STREET APT 1222, SAN FRANCISCO, CA 94122

Signing Officer

Name
Amelia Hopkins Phillips
Title
Executive Director
Phone
9144262055
Signed
2022-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Felix Ogada
Formed
2014
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Easy Office Dba Jitasa
Address
1750 W FRONT STREET SUITE 200, BOISE, ID 83702
Preparer
Jeremy Cork
Phone
2082874777
Raw XML AppendixShowing 400 of 461 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/PublicSupportPY170Pct00.98327
IRS990ScheduleA/PublicSupportTotal170Amt02193104
IRS990ScheduleA/SubstantialContributorsTotAmt0165197
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0657172
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0543027
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0125319
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0103403
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0929380
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02358301
IRS990ScheduleA/TotalSupportAmt02358301
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0469044
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075268
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0544312
IRS990ScheduleD/LandGrp/BookValueAmt053230
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt053230
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0522274
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt020
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0377874
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0provide training/mentoring services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0SOMO HAS WELL-PREPARED DOCUMENTATION (I.E. OPERATING REPORTS AND BUDGETS) TO TRACK AND MONITOR HOW THE GRANTS ARE ALLOCATED AND USED.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule F, Part I, Line 2
IRS990ScheduleF/TotalEmployeeCnt020
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt0377874
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Fundraising & Consulting
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0-32492
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0SMARTER GOOD INC
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt032492
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0649 MISSION ST STE 210
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0SAN FRANCISCO
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd094105
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0CA
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt00
IRS990ScheduleG/TotalNetToOrganizationAmt0-32492
IRS990ScheduleG/TotalRetainedByContractorsAmt032492
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO BOARD MEMBERS HAVE A FAMILIAL RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN PREPARER EMAILS A COPY OF THE FINAL VERSION OF FORM 990 TO EACH BOARD MEMBER BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PERIODICAL WRITTEN DOCUMENTS AND REVIEWS ON DISCLOSURE FOR COMPLIANCE WITH CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0393745
IRS990/TotalAssetsEOYAmt0620904
IRS990/TotalAssetsGrp/BOYAmt0393745
IRS990/TotalAssetsGrp/EOYAmt0620904
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0657172
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt032492
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt071791
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0538687
IRS990/TotalFunctionalExpensesGrp/TotalAmt0642970
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0393745
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0620904
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$620,904
Liabilities
$0
Net assets
$620,904
Revenue
$657,172
Expenses
$642,970
Net income
$14,202
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.42$0.08$1.34$1.07$0.90$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$1.06$0.97$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.85$0.05$0.81$1.04$0.75$0.29
2021Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.66$0.64$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.54$0.34$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.29$0.24$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.18$0.15$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.09$0.07$0.02