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← SOMO PROJECT

Form 990 for tax year 2025

Filed by SOMO PROJECT.

Totals

Total revenue
$1,243,091
Total expenses
$1,252,893
Contributions and grants received
$1,111,523
Grants paid
$41,812
Program service revenue
$115,059
Investment income
$16,509
Other revenue
$0
Total assets, end of year
$1,445,761
Total liabilities, end of year
$404,000
Net assets or fund balances, end of year
$1,041,761
Program services expenses (Part IX)
$1,101,943
Management and general expenses
$90,632
Fundraising expenses
$60,318
Program service expenses (Part III)
$1,101,943

Program services were 88.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $1,111,523

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: PRODUCT SALES

    total $103,059 · related or exempt $103,059 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: TRAINING REVENUE

    total $12,000 · related or exempt $12,000 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $16,509 · related or exempt $0 · unrelated business $0 · excluded $16,509

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $41,812 · program services $41,812

  • 11c · Fees: accounting

    total $2,583 · management and general $2,583

  • 11e · Fees: professional fundraising services

    total $36,980 · fundraising $36,980

  • 11g · Fees: other

    total $66,146 · management and general $66,146

  • 17 · Travel

    total $10,467 · management and general $10,467

  • 24a · Other expenses: PROGRAM EXPENSES

    total $1,060,131 · program services $1,060,131 · management and general $0 · fundraising $0

  • 24b · Other expenses: PERSONNEL FUNDRAISING

    total $23,338 · program services $0 · management and general $0 · fundraising $23,338

  • 24c · Other expenses: BANK CHARGES & PROCESSING FEES

    total $8,264 · program services $0 · management and general $8,264 · fundraising $0

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $3,172 · program services $0 · management and general $3,172 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $997,507 · end of year $743,224

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $151,346 · end of year $0

  • 12 · Investments: other securities

    beginning of year $272,500 · end of year $272,500

  • 15 · Other assets

    end of year $430,037

  • 24 · Unsecured notes and loans payable

    beginning of year $78,801 · end of year $404,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,342,552 · end of year $1,041,761

Mission and programs · 2025

Mission

THE SOMO PROJECT PROVIDES TRAINING, MENTORSHIP AND CAPITAL TO IMPACT ENTREPRENEURS BUILDING BUSINESSES OUT OF LOW-INCOME URBAN AREAS.

Activities or mission (Part I)

REGISTERED 501(C)(3) THAT PROVIDES TRAINING, MENTORSHIP, AND CAPITAL TO ENTREPRENEURS BUILDING BUSINESSES OUT OF LOW INCOME URBAN.

  • BUSINESS DEVELOPMENT SERVICES - DIGISOMO: SELF-PACED LEARNING MANAGEMENT SYSTEM - TRAINING FOR ENTREPRENEURS IN MARGINALIZED COMMUNITIES: THROUGH SOMO ACADEMY, OUR TRAINING PROGRAM, SOMO FOCUSES ON ENTREPRENEURS FROM LOW-INCOME BACKGROUNDS (INCLUDING REFUGEE CAMPS) BUILDING BUSINESSES WITH THE POTENTIAL FOR JOB CREATION. SOMO HAS ALREADY DEVELOPED CONTENT SPECIALLY FOCUSED ON SPECIFIC BUSINESSES, FOR EXAMPLE, GREEN AND SOCIAL BUSINESSES IMPLEMENTED AS PART OF THIS PROGRAM. THE TRAINING IS TAILORED TO THE NEEDS OF EACH ENTREPRENEUR AND DRIVEN BY THE MARKET RESEARCH THEY CONDUCT WITH OUR ASSISTANCE, STARTING WITH PROBLEM-SOLVING AND IDEATION, ENCOMPASSING MARKET RESEARCH, BUSINESS PLANNING, FINANCIAL MODELING AND DIGITAL LITERACY, AND FINISHING WITH CAPITALIZING A BUSINESS AND A PRESENTATION TO VOLUNTEER JUDGES BY EACH ENTREPRENEUR. ACCELERATION: SOMO LEADS ON PROGRAMME APPROACH TO BUSINESS ACCELERATION FOR TARGETED ENTREPRENEURS. SOMO'S ACCELERATION PROGRAMME ALLOWS MSMES TO LEVERAGE ON THE ACQUIRED KNOWLEDGE AND SKILLS FROM DIGISOMO AND SOMO ACADEMY, AND ADOPT NEW BUSINESS PRACTICES TO GENERATE MORE REVENUE, HAVE ACCESS TO BETTER FINANCING, CREATE MORE QUALITY JOBS ACROSS THE VALUE CHAIN, AND PROVIDE BETTER PRODUCTS OR SERVICES TO ADDRESS DEMAND IN NEW MARKETS. DURING ACCELERATION, ENTREPRENEURS ARE FURTHER MENTORED, TRAINED, AND RECEIVE ACCESS TO SOMO INVEST. BUSINESS INCUBATION: SELECT ENTREPRENEURS (USUALLY THOSE MANUFACTURING FOOD, BEAUTY AND CRAFT PRODUCTS IN OUR TARGET PRODUCT LINE) HAVE ACCESS TO TENGENEZA FOR AFFORDABLE PRODUCTION, QUALITY CONTROL, BRANDING, MARKETING AND SALES SUPPORT.

    Expenses $1,101,943 · Grants $41,812 · Revenue $115,059

As filed on the 2025 return.

Listed in Part VII

  • Amelia Hopkins Phillips

    CEO

    Total calculated
    $0
    Hours/week
    85

  • Edel Were

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Brittany Ryden

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Charles Warria

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kagure Wamunyu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eskor John

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Fiona Kirubi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Phillips

    TREASURER

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
3 July 2026
IRS schema version
2025v4.0
Source object
202631849349300703

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