Somos Inc

Organization Overview

Somos Inc is located in Troy, NY. The organization was established in 1993. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2021, Somos Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somos Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Somos Inc generated $186.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.6%) each year. All expenses for the organization totaled $206.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (20.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SOMOS, INC. IS A NONPARTISAN NONPROFIT 501(C)3 ORGANIZATION COMMITTED TO ADDRESSING THE NEEDS OF THE HISPANIC POPULATION OF NEW YORK STATE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OUR CONFERENCES, HELD TWICE YEARLY, SERVE AS A PLATFORM FOR LEGISLATORS, SCHOLARS, BUSINESS AND LABOR LEADERS TO ADDRESS VARIOUS CONCERNS PERTINENT TO THIS COMMUNIT. THOUGHT-PROVOKING WORKSHOPS ON KEY ISSUES, SUCH AS BUSINESS DEVELOPMENT, HEALTH, AND EDUCATION, 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 RETENTIONAND 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.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Carmen Flores
Second Vice Chair
$0
Francisco Diaz
Chairman (beg 9/2020)
$0
Larry Fernandez
Finance Chair
$0
Ladan Alomar
Treasurer
$0
Miriam Gonzales
Board Member (until 12/2020)
$0
Mike Nieves
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $24,156
All other contributions, gifts, grants, and similar amounts not included above$161,814
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$185,970
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $185,970

Grants Awarded

Over the last fiscal year, Somos Inc has awarded $74,000 in support to 4 organizations.

Grant RecipientAmount

COMUNIDAD ORGANIZADA DE PUENTE BLANCO INC

PURPOSE: COMPUTER AND EDUCATIONAL SUPPLIES

$25,000

COMUNIDAD ORGANIZADA DE PUENTE BLANCO INC

PURPOSE: COMPUTER AND EDUCATIONAL SUPPLIES

$25,000

MADERAS 3C

PURPOSE: BUILDING A CHILDREN PLAYGROUND

$12,000

MADERAS 3C

PURPOSE: BUILDING A CHILDREN PLAYGROUND

$12,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Somos Inc has recieved totaling $106,021.

Awarding OrganizationAmount
New York Yankees Foundation Inc

Bronx, NY

PURPOSE: GENERAL SUPPORT

$50,000
Somos Healthcare Providers Inc

Bronx, NY

PURPOSE: SOMOS PUERTO RICO CONFERENCE

$35,000
Transport Workers Union Of America

Brooklyn, NY

PURPOSE: FINANCIAL SUPPORT

$15,000
Aarp

Washington, DC

PURPOSE: Sponsorship of conference

$6,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$21
View Grant Recipient Profile

Create an account to unlock the data you need.

or