Fundacion Somos Inc
- Assets
- $241.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hialeah, FL
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 45-2747672
Organization Overview
Fundacion Somos Inc is located in Hialeah, FL. The organization was established in 2014. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fundacion 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 12/2021, Fundacion Somos Inc generated $106.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (59.8%) each year. All expenses for the organization totaled $101.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (62.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ANNUAL LITERARY CONTEST PARTICIPANTS ARE FROM SEVERAL COUNTRIES, 3 CATEGORIES POETRY, ESSAY AND SHORT STORY
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $600 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $101 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $101 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $241 |
| Other assets | $0 |
| Total assets | $241 |
| Total liabilities | $3,116 |
| Net assets or fund balances | -$2,875 |
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