SOMOS INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SOMOS INC (EIN 22-3128393)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2026-02-20
- IRS object ID
- 202640519349300504
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-02-20T10:57:25-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 273263553 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GALLEROS ROBINSON | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 DAVIS STATION RD | AddressLine1Txt |
| City | CREAM RIDGE | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08514 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223128393 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOMOS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOMO | BusinessNameControlTxt |
| Phone | 5183806003 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 24 4TH STREET | AddressLine1Txt |
| City | TROY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12180 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LADAN NIKRAVAN | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 5183806003 | PhoneNum |
| Signature | 2026-02-06 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LEONORA GALLEROS | PreparerPersonNm |
| PTIN | P00181670 | PTIN |
| Phone | 6469210400 | PhoneNum |
| Preparation | 2026-02-20 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Amended Return | Yes (X) | AmendedReturnInd |
| Principal Officer | LADAN NIKRAVAN | PrincipalOfficerNm |
| Gross Receipts | $1,978,998 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | SOMOSNEWYORK.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1991 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | SOMOS, INC. IS A NONPARTISAN NONPROFIT 501(C)(3) ORGANIZATION COMMITTED TO ADDRESSING THE NEEDS OF THE HISPANIC POPULATION OF NEW YORK STATE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Total Volunteers | 16 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $1,792,310 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,978,998 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,792,310 | PYTotalRevenueAmt |
| CY Total Revenue | $1,978,998 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $104,900 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $139,600 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $128,073 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $161,576 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,162,482 | PYOtherExpensesAmt |
| CY Other Expenses | $1,558,600 | CYOtherExpensesAmt |
| PY Total Expenses | $1,395,455 | PYTotalExpensesAmt |
| CY Total Expenses | $1,859,776 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $396,855 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $119,222 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $656,345 | TotalAssetsBOYAmt |
| Total Assets EOY | $800,022 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $25,700 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $152,737 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $630,645 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $647,285 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SOMOS, INC. IS A NONPARTISAN NONPROFIT 501(C)(3) ORGANIZATION COMMITTED TO ADDRESSING THE NEEDS OF THE HISPANIC POPULATION OF NEW YORK STATE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,632,363 | ExpenseAmt |
| Grant | $139,600 | GrantAmt |
| Desc | OUR CONFERENCES, HELD TWICE YEARLY, SERVE AS A PLATFORM FOR LEGISLATORS, SCHOLARS, BUSINESSES, AND LABOR LEADERS TO ADDRESS VARIOUS CONCERNS PERTINENT TO THIS COMMUNITY. THOUGHT-PROVOKING WORKSHOPS ARE HELD ON KEY ISSUES, SUCH AS BUSINESS DEVELOPMENT, HEALTH AND EDUCATION, AND TO RECRUIT SUPPORT ON NEW AND EXISTING LEGISLATION AIMED TO ADDRESS THE NEEDS OF THE HISPANIC POPULATION OF NEW YORK. ADDITIONALLY, SOMOS, INC. USES THE FUNDS COLLECTED THROUGH CONFERENCES TO EMPOWER YOUTHS WITH ACADEMIC FINANCIAL AWARDS THAT ENCOURAGE FURTHERING THEIR EDUCATION, COLLEGE INTERNSHIPS TO PROMOTE RETENTION AND APPRENTICESHIPS TO INTRODUCE NEWLY GRADUATED ADULTS INTO THE PUBLIC, NONPROFIT, LABOR, AND PRIVATE SECTORS. THE ORGANIZATION AIMS TO CREATE OPPORTUNITIES FOR HISPANIC YOUTH THAT WILL FACILITATE THEIR PROFESSIONAL DEVELOPMENT. | Desc |
| Total Program Service Expenses | $1,632,363 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 2 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LADAN NIKRAVAN | PersonNm |
| Phone | 5183806003 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 24 4TH STREET | AddressLine1Txt |
| City | TROY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12180 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| TANIA CAPAZ | ||||||
| EXECUTIVE DI | 45.00 | Yes (X) | $100,000 | $0 | $0 | |
| FRANCISCO DIAZ | ||||||
| CHAIRMAN | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| HILDA ESCHER | ||||||
| FIRST VICE C | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| CARMEN FLORES | ||||||
| SECOND VICE | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| LADAN NIKRAVAN | ||||||
| TREASURER | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MICHAEL NIEVES | ||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| SANTOS RODRIGUEZ | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| DIRK MCCALL | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| C SONIA MARTINEZ | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| AMARILIS ALTAGRACIA JACOBO | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| PALOMA HERNANDEZ FROM 0123 | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| EVAN GOLDBERG | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| NINFA SEGARRA | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| LARRY FERNANDEZ | ||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |
| MIRTHA COLON | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| MARIA DEL CARMEN VIERA | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| EDWIN LOPEZ | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $100,000 | TotalReportableCompFromOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $1,978,998 | AllOtherContributionsAmt |
| Total Contributions | $1,978,998 | TotalContributionsAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,978,998 | TotalRevenueColumnAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,000 | TotalAmt |
| Program Services | $67,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,600 | TotalAmt |
| Program Services | $72,600 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,000 | TotalAmt |
| Management And General | $95,000 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,000 | TotalAmt |
| Management And General | $55,000 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,576 | TotalAmt |
| Management And General | $11,576 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,437 | TotalAmt |
| Management And General | $33,437 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,500 | TotalAmt |
| Program Services | $19,500 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,263 | TotalAmt |
| Management And General | $7,263 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,655 | TotalAmt |
| Program Services | $55,655 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,760 | TotalAmt |
| Management And General | $14,760 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,123 | TotalAmt |
| Program Services | $34,123 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,383,485 | TotalAmt |
| Program Services | $1,383,485 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,277 | TotalAmt |
| Management And General | $9,277 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BAD DEBT EXPENSE | Desc |
| Total | $1,100 | TotalAmt |
| Management And General | $1,100 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,859,776 | TotalAmt |
| Program Services | $1,632,363 | ProgramServicesAmt |
| Management And General | $227,413 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $341,217 | BOYAmt |
| EOY | $538,240 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,100 | BOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,028 | BOYAmt |
| EOY | $11,782 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $300,000 | BOYAmt |
| EOY | $250,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $656,345 | BOYAmt |
| EOY | $800,022 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,700 | BOYAmt |
| EOY | $152,737 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,700 | BOYAmt |
| EOY | $152,737 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $630,645 | BOYAmt |
| EOY | $647,285 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $630,645 | BOYAmt |
| EOY | $647,285 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $656,345 | BOYAmt |
| EOY | $800,022 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $119,222 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$102,582 | PriorPeriodAdjustmentsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,056,129 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $185,970 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $856,811 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,792,310 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,978,998 | CurrentTaxYearAmt |
| Total | $5,870,218 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,056,129 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $185,970 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $856,811 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,792,310 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,978,998 | CurrentTaxYearAmt |
| Total | $5,870,218 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $19,242 | SubstantialContributorsTotAmt |
| Public Support Total170 | $5,850,976 | PublicSupportTotal170Amt |
| Total Support | $5,870,218 | TotalSupportAmt |
| Public Support CY170 | 0.99670 | PublicSupportCY170Pct |
| Public Support PY170 | 0.99860 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEPOSITS | Desc |
| Book Value | $250,000 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $250,000 | TotalBookValueOtherAssetsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $1,978,998 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $1,978,998 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,978,998 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,859,776 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $1,859,776 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,859,776 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 3, PART X | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| PINONES APRENDE Y EMPRENDE CORP | ||||||
| CARR 187 KM 53 BO TORRECILLA BAJA | LOIZA | PR | 00772 | $15,000 | CONTRIBUTION | |
| CARIBBEAN PREPAREDNESS RESPONSE INC | ||||||
| PO BOX 10000 PMB322 | CANOVANAS | PR | 00729 | $15,000 | CONTRIBUTIONS | |
| YESENIA MATA-LA COLMENA | ||||||
| 774 PORT RICHMOND AVE | STATEN ISLAND | NY | 10302 | $8,000 | CONTRIBUTIONS | |
| CENTRO DE LAS MUJER DOMINICANA | ||||||
| PO BOX 20068 | SAN JUAN | PR | 00928 | $7,500 | CONTRIBUTIONS | |
| CLUB CULTURAL DOMINICANOS UNIDOS | ||||||
| CALLE TITE CURET ALONZO ESQUINA | SAN JUAN | PR | 00915 | $7,500 | CONTRIBUTIONS | TITO RODRIGUEZ BARRIO OBRERO |
| CASA AMOR FEYESPERANZA | ||||||
| 1003 AVENIDA GANDARA | SAN JUAN | PR | 00925 | $6,000 | CONTRIBUTIONS | |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| QUESTAR III - ACADEMIC | 35 | $50,000 |
| CUNY/SUNY ACADEMIC | 38 | $22,600 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 1, ITEM B | THE FORM 990 WAS AMENDED TO REFLECT THE AMOUNTS IN THE AUDITEED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2024. WITH THIS, THE FOLLOWING LINE ITEMS CHANGED FROM THE INITIAL FILING: A. FORM 990 PART I, LINES 8-22, PART III, LINES 4A-4E, PART VIII, LINES 1- 12, PART IX, LINES 14-25, PART X, LINES 1(B) - 33(B), PART XI LINES 1-10, AND PART XII LINES 2B-2C. B. FORM 990, SCHEDULE A, PART II C. FORM 990, SCHEDULE D, PART XI AND PART XII |
| FORM 990, PAGE 2, PART III, LINE 4A | OUR CONFERENCES, HELD TWICE YEARLY, SERVE AS A PLATFORM FOR LEGISLATORS, SCHOLARS, BUSINESSES, AND LABOR LEADERS TO ADDRESS VARIOUS CONCERNS PERTINENT TO THIS COMMUNITY. THOUGHT-PROVOKING WORKSHOPS ARE HELD ON KEY ISSUES, SUCH AS BUSINESS DEVELOPMENT, HEALTH AND EDUCATION, AND TO RECRUIT SUPPORT ON NEW AND EXISTING LEGISLATION AIMED TO ADDRESS THE NEEDS OF THE HISPANIC POPULATION OF NEW YORK. ADDITIONALLY, SOMOS, INC. USES THE FUNDS COLLECTED THROUGH CONFERENCES TO EMPOWER YOUTHS WITH ACADEMIC FINANCIAL AWARDS THAT ENCOURAGE FURTHERING THEIR EDUCATION, COLLEGE INTERNSHIPS TO PROMOTE RETENTION AND APPRENTICESHIPS TO INTRODUCE NEWLY GRADUATED ADULTS INTO THE PUBLIC, NONPROFIT, LABOR, AND PRIVATE SECTORS. THE ORGANIZATION AIMS TO CREATE OPPORTUNITIES FOR HISPANIC YOUTH THAT WILL FACILITATE THEIR PROFESSIONAL DEVELOPMENT. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE EXECUTIVE DIRECTOR REVIEWS THE RETURN AND THEN DISTRIBUTES IT TO THE ENTIRE BOARD FOR THEIR REVIEW AND COMMENTS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY ADVISING ITS DIRECTORS/TRUSTEES AND VOLUNTEERS AS TO THE IMPORTANCE OF MAINTAINING IN PRACTICE AND APPEARANCE AN INDEPENDENCE BETWEEN THE ORGANIZATION AFFAIRS AND THE PERSONAL AFFAIRS OF ITS DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE ORGANIZATION REVIEWS AND COMPARES SALARY DATA TO SIMILAR ORGANIZATIONS AND THEN DETERMINES APPROPRIATE COMPENSATION. SUCH REVIEW RESULTS ARE THEN PRESENTED TO THE BOARD FOR APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE ORGANIZATION REVIEWS AND COMPARES SALARY DATA TO SIMILAR ORGANIZATIONS AND THEN DETERMINES APPROPRIATE COMPENSATION. SUCH REVIEW RESULTS ARE THEN PRESENTED TO THE BOARD FOR APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PAGE 12, PART XII, LINE 2C | THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |