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Nonprofiteer
← SOMOS INC

Form 990 for tax year 2023

Filed by SOMOS INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 6 February 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,963,998 changed to $1,978,998
Total expenses
$1,962,358 changed to $1,859,776
Contributions and grants received
$1,963,998 changed to $1,978,998
Total assets, end of year
$785,022 changed to $800,022
Net assets or fund balances, end of year
$632,285 changed to $647,285
Program services expenses
$1,734,945 changed to $1,632,363
Program service expenses (Part III)
$1,734,945 changed to $1,632,363

Totals

Total revenue
$1,963,998
Total expenses
$1,962,358
Contributions and grants received
$1,963,998
Grants paid
$139,600
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$785,022
Total liabilities, end of year
$152,737
Net assets or fund balances, end of year
$632,285
Program services expenses (Part IX)
$1,734,945
Management and general expenses
$227,413
Fundraising expenses
$0
Program service expenses (Part III)
$1,734,945

Program services were 88.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,963,998

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $67,000 · program services $67,000

  • 2 · Grants to domestic individuals

    total $72,600 · program services $72,600

  • 5 · Compensation of officers, directors and key employees

    total $95,000 · management and general $95,000

  • 7 · Other salaries and wages

    total $55,000 · management and general $55,000

  • 10 · Payroll taxes

    total $11,576 · management and general $11,576

  • 11c · Fees: accounting

    total $33,437 · management and general $33,437

  • 12 · Advertising and promotion

    total $19,500 · program services $19,500

  • 13 · Office expenses

    total $7,263 · management and general $7,263

  • 14 · Information technology

    total $61,050 · program services $61,050

  • 16 · Occupancy

    total $14,760 · management and general $14,760

  • 17 · Travel

    total $34,123 · program services $34,123

  • 19 · Conferences, conventions and meetings

    total $1,480,672 · program services $1,480,672

  • 23 · Insurance

    total $9,277 · management and general $9,277

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $1,100 · management and general $1,100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $341,217 · end of year $523,240

  • 4 · Accounts receivable

    beginning of year $1,100

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,028 · end of year $11,782

  • 15 · Other assets

    beginning of year $300,000 · end of year $250,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,700 · end of year $152,737

  • 27 · Net assets without donor restrictions

    beginning of year $630,645 · end of year $632,285

Mission and programs · 2023

Mission

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

  • 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.

    Expenses $1,734,945 · Grants $139,600

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tania Capaz

    EXECUTIVE DI

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Francisco Diaz

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Hilda Escher

    FIRST VICE C

    Total calculated
    $0
    Hours/week
    2

  • Carmen Flores

    SECOND VICE

    Total calculated
    $0
    Hours/week
    2

  • Ladan Nikravan

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Michael Nieves

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Santos Rodriguez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dirk McCall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • C Sonia Martinez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Amarilis Altagracia Jacobo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Paloma Hernandez From 0123

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Evan Goldberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ninfa Segarra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Larry Fernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Mirtha Colon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Maria Del Carmen Viera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Edwin Lopez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • PINONES APRENDE Y EMPRENDE CORP

    $15,000

    CONTRIBUTION

  • CARIBBEAN PREPAREDNESS RESPONSE INC

    $15,000

    CONTRIBUTIONS

  • YESENIA MATA-LA COLMENA

    $8,000

    CONTRIBUTIONS

  • CENTRO DE LAS MUJER DOMINICANA

    $7,500

    CONTRIBUTIONS

  • CLUB CULTURAL DOMINICANOS UNIDOS

    $7,500

    CONTRIBUTIONS

  • CASA AMOR FEYESPERANZA

    $6,000

    CONTRIBUTIONS

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349309888

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