Skip to content
Nonprofiteer
← SOMI VIP INC

Form 990 for tax year 2022

Filed by SOMI VIP INC.

Totals

Total revenue
$236,441
Total expenses
$226,048
Contributions and grants received
$209,943
Grants paid
$208,000
Program service revenue
$0
Investment income
$372
Other revenue
$26,126
Total assets, end of year
$442,532
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$442,532
Program services expenses (Part IX)
$224,541
Management and general expenses
$1,507
Fundraising expenses
$0
Program service expenses (Part III)
$224,541

Program services were 99.3% 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

    $209,943

  • 3 · Investment income

    total $372 · related or exempt $372

  • 8a · Fundraising events: gross income

    $60,712

  • 8b · Fundraising events: direct expenses

    $42,746

  • 8c · Net income from fundraising events

    total $17,966 · excluded $17,966

  • 10a · Gross sales of inventory

    $15,556

  • 10b · Cost of goods sold

    $7,567

  • 10c · Net income from sales of inventory

    total $7,989 · related or exempt $7,989

  • 11a · Other revenue: MISC INCOME

    total $171 · related or exempt $171

  • 11e · Other revenue, total

    $171

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $208,000 · program services $208,000

  • 11b · Fees: legal

    total $1,156 · management and general $1,156

  • 11g · Fees: other

    total $7,955 · program services $7,604 · management and general $351

  • 24a · Other expenses: CREDIT CARD FEES

    total $8,937 · program services $8,937

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $432,138 · end of year $442,532

  • 10a · Land, buildings and equipment: cost or other basis

    $14,931

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,931

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $432,138 · end of year $442,532

Mission and programs · 2022

Mission

THE MISSION OF THE PARENTS ASSOCIATION IS TO ENHANCE THE ACADEMIC AND PERSONAL GROWTH OF SOMERSET SOUTH MIAMI STUDENTS THROUGH A PARTNERSHIP BETWEEN THE PARENTS AND THE CHARTER SCHOOL.

Activities or mission (Part I)

THE MISSION OF THE SOMI VIP INC IS TO ENHANCE THE ACADEMIC AND PERSONAL GROWTH OF SOUTH MIAMI STUDENTS THROUGH A PARTNERSHIP BETWEEN THE PARENTS AND THE SCHOOL.

  • SOMI VIP INC PROVIDES SUPPORT TO SOMERSET SOUTH MIAMI CHARTER SCHOOL TO ENCHANCE AND MAXIMIZE THE EDUCATION EXPERIENCE FOR EVERY CHILD ENROLLED.

    Expenses $224,541 · Grants $208,000

As filed on the 2022 return.

Listed in Part VII

  • Lexie S Santos Resigned 1231

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michelle Rosquete

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Arleen Gomez

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lisa Bascuas

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Maritza Diaz

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401359349303605

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.