Somos Unidos Foundation
- Assets
- $200.0k
- Revenue
- $474.6k
- Investments
- $0.0
- Employees
- 14
- Location
- Albuquerque, NM
- Founding
- Data as of
- 12/2022
- EIN
- 84-4283142
Organization Overview
Somos Unidos Foundation is located in Albuquerque, NM. As of 12/2022, Somos Unidos Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somos Unidos Foundation 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 12/2022, Somos Unidos Foundation generated $474.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.0% each year . All expenses for the organization totaled $571.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOMOS UNIDOS FOUNDATION IS A 501(C)(3) DEDICATED TO CREATING POSITIVE OUTCOMES FOR NEW MEXICANS THROUGH ART, SPORT, COMMUNITY, AND UNITY. OUR HIGH PERFORMANCE AND ACADEMY PROGRAMS EPITOMIZE OUR DEVOTION TO THE FUTURE A COST-FREE PROGRAM THAT GIVES OUR STATE'S BRIGHTEST SOCCER PROSPECTS ACCESS TO PROFESSIONAL TRAINING ATMOSPHERE AND COACHING, REGARDLESS OF THEIR SOCIOECONOMIC STATUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FULLY FUNDED ACADEMY TEAM & HIGH PERFORMANCE PROGRAM: THE SOMOS UNIDOS FOUNDATION RAISES FUNDS TO FULLY SCHOLARSHIP THE ACADEMY, WHICH IS A BOY'S U-19 TEAM THAT COMPETES IN THE USL ACADEMY LEAGUE. THE ACADEMY TRAINS 5X PER WEEK AND COMPETES AT THE HIGHEST LEVEL YEAR-ROUND. THE FOUNDATION FUNDS THE PROGRAM IN ORDER TO PROVIDE MORE ACCESS TO POSITIVE OUTCOMES FOR PLAYERS NAMELY, COLLEGIATE OFFERS, SCHOLARSHIPS AND OPPORTUNITIES TO PLAY PROFESSIONALLY. THE HIGH PERFORMANCE PROGRAM IS A LIGHTER-TOUCH PROGRAM WITH TRAINING 1-3 TIMES PER MONTH AND IS AVAILABLE TO TALENTED YOUNG BOYS AND GIRLS WHO ARE STILL PLAYING FULL TIME ON THEIR HIGH SCHOOL OR CLUB TEAMS
DIVERSITY FELLOWSHIP PROGRAM: A PROGRAM DESIGNED FOR WOMEN AND PEOPLE-OF-COLOR WHO ARE INTERESTED IN A CAREER IN SPORTS TO LEARN ABOUT THE OPERATIONS OF NEW MEXICO UNITED. THE PROGRAM HAS TWO TRACKS: FRONT OFFICE AND COACHING. FRONT OFFICE FELLOWS EXPERIENCE HAND-ON, CLASSROOM AND GAME-DAY ONSITE CURRICULUM THROUGHOUT DIFFERENT DEPARTMENTS OF THE BUSINESS, INCLUDING MERCHANDISE, COMMUNICATIONS, CREATIVE, TICKETING AND CORPORATE PARTNERSHIPS. COACHING FELLOWS SHADOW THE NEW MEXICO UNITED TECHNICAL TEAM DURING FIRST TEAM TRAINING, REVIEW FILM AND STRATEGY SESSIONS, AND RECEIVE GUIDANCE OVER CURRENT REAL-LIFE COACHING CHALLENGES WITH THEIR EXISTING (OFTEN YOUTH) TEAMS.
COMMUNITY SOCCER CLINICS: THE SOMOS UNIDOS FOUNDATION RUNS 8-10 FREE COMMUNITY SOCCER CLINICS PER YEAR, WHICH AIMS TO BRING SOCCER AND NEW MEXICO UNITED PLAYERS & COACHES INTO THE COMMUNITY ACROSS THE STATE, WHILE PROVIDING ATTENDEES AN OPPORTUNITY TO LEARN SOCCER DRILLS, SPEND TIME BEING PHYSICALLY ACTIVE AND RECEIVE NEW MEXICO UNITED GIVEAWAYS, INCLUDING T-SHIRTS, STICKERS AND/OR SOCCER BALLS OF THEIR VERY OWN. THE FOUNDATION SELECTS COMMUNITY PARTNERS AND SITES THAT SPECIFICALLY SERVE MARGINALIZED YOUTH AND COMMUNITIES WHO MAY NOT NORMALLY HAVE ACCESS TO PAID SOCCER CLINICS, CAMPS OR CLUB SOCCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Hanna Board Member | Trustee | 1 | $0 |
Kate Ferlic Treasurer | OfficerTrustee | 1 | $0 |
Peter Trevisani President | OfficerTrustee | 3 | $0 |
Cindy Nava Board Member | Trustee | 1 | $0 |
Chanel Wiese Executive Director | Officer | 40 | $61,575 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $175,676 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,069 |
| Noncash contributions included in lines 1a–1f | $46,058 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,745 |
| Total Program Service Revenue | $256,219 |
| 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 | -$82,359 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $474,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,300 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,966 |
| Compensation of current officers, directors, key employees. | $25,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,691 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,888 |
| Payroll taxes | $24,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,904 |
| Advertising and promotion | $2,555 |
| Office expenses | $7,900 |
| Information technology | $15,214 |
| Royalties | $0 |
| Occupancy | $13,285 |
| Travel | $12,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $824 |
| All other expenses | $5,204 |
| Total functional expenses | $571,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,105 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,398 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $199,955 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,658 |
| Total liabilities | $41,658 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $158,297 |
| Total liabilities and net assets/fund balances | $199,955 |