Overview
What is Somos Inc?
Somos Inc, headquartered in Albany, New York, is a nonpartisan, 501(c)3 nonprofit organization dedicated to addressing the needs of the Hispanic population in New York State. Twice a year, Somos Inc hosts conferences that serve as a platform for legislators, scholars, business leaders, and labor representatives to discuss and address various concerns relevant to the community. These events feature thought-provoking workshops on topics such as business development, health, and education, which help garner support for new and existing legislation aimed at addressing the needs of the Hispanic community. In addition to these conferences, Somos Inc utilizes collected funds to empower Hispanic youth through academic financial awards and college internships, promoting retention. They also offer apprenticeships to introduce newly graduated adults into the public, nonprofit, labor, and private sectors. By creating these opportunities, Somos Inc aims to facilitate the professional development of Hispanic youth in New York State.
Official website here: www.somosnewyork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Somos Inc has achieved a high rating of 96% from Charity Navigator, reflecting strong accountability and financial practices. The organization boasts a perfect score for its independent board members, showing a commitment to governance that is both robust and transparent. The financial oversight, including an Audit and Oversight Committee, is highly rated, indicating effective management of resources.
The charity's fiscal responsibility is further highlighted by its impressive program expense ratio of 80.93%, suggesting that a significant portion of its funds directly supports its programs. The organization also maintains crucial policies, such as conflict of interest and whistleblower protections, underscoring its dedication to ethical operations and transparency.
While the ratings are exemplary, it is essential for potential donors to consider ongoing operational outcomes and community impact beyond financial metrics. Overall, Somos Inc demonstrates strong credibility in financial stewardship and governance, making it a trustworthy option for donors looking to contribute to impactful nonprofit work.
This AI summary has been generated from information found on Charity Navigator.
Is Somos Inc legitimate?
Somos Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somos Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,304
For more financial information, click here
Official website here: www.somosnewyork.org
What is the mission statement of Somos Inc?
Somos Inc, as a nonpartisan nonprofit organization, is dedicated to addressing the needs of the Hispanic population. They accomplish this through conferences held twice a year, which serve as a platform for legislators, scholars, business and labor leaders to discuss and advocate for various concerns relevant to this community. Thought-provoking workshops on key issues such as business development, health, and education are organized during these conferences to gain support for new and existing legislation aimed at addressing the needs of the Hispanic population. Additionally, Somos Inc utilizes the funds collected from these conferences to provide academic financial awards to encourage further education among Hispanic youth, promote college internships to enhance retention, and offer apprenticeships to introduce newly graduated adults into the public, nonprofit, labor, and private sectors. The organization's ultimate goal is to create opportunities for Hispanic youth, facilitating their professional development.
Official website here: www.somosnewyork.org
Who is the CEO of Somos Inc?
Ladan Nikravan is the Director of Somos Inc.
Official website here: www.somosnewyork.org
What is the revenue of Somos Inc?
Somos Inc's revenue in 2022 was $856,811.
Official website here: www.somosnewyork.org
Who are the executives of Somos Inc and what are their salaries?
The average compensation at Somos Inc during 2022 was $69,304. There is 1 employee and 14 volunteers at Somos Inc.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $90,835
- Related: $0
- Other: $0
Official website here: www.somosnewyork.org
Where can I find the form 990 for Somos Inc?
Somos Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.somosnewyork.org
Learn more at the official website: www.somosnewyork.org
Mission Statement of Somos Inc
Somos Inc, a nonpartisan 501(C)3 organization, is committed to addressing the needs of the Hispanic population in New York State. Its mission is twofold: to serve as a platform for dialogue and action on various concerns relevant to this community, and to empower Hispanic youth through educational opportunities and work experiences.
The organization achieves its mission through biannual conferences, which bring together legislators, scholars, business and labor leaders. These events provide a space for discussing and advocating for legislation aimed at addressing the needs of the Hispanic population. Workshops on key issues such as business development, health, and education are also part of these conferences, helping to rally support for new and existing policies.
Beyond conferences, Somos Inc also invests in the future of Hispanic youth. It provides academic financial awards to encourage further education, offers college internships to promote retention, and introduces newly graduated adults into the public, nonprofit, labor, and private sectors through apprenticeships. These initiatives are designed to create opportunities for professional development, helping Hispanic youth to succeed in their chosen fields.
In essence, Somos Inc is a driving force for change in the Hispanic community in New York State. Through its conferences, workshops, and youth empowerment programs, it fosters dialogue, advocates for policies, and provides opportunities, all with the goal of improving the lives of Hispanic individuals.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Somos Inc plays a pivotal role in empowering the Hispanic population of New York State by addressing critical needs through a series of impactful initiatives. By organizing biannual conferences, it brings together legislators, scholars, and business leaders to discuss and tackle pressing issues related to business development, health, and education within the community. These gatherings serve as a platform for advocating new and existing legislation, ensuring that the voices and concerns of the Hispanic population are represented and heard.
Furthermore, Somos Inc invests in the future of this community by providing academic financial awards to youth, promoting higher education and professional growth. By facilitating college internships and apprenticeships, the organization fosters career development, helping newly graduated adults transition into various sectors, including public service and private industry. Through these efforts, Somos Inc not only addresses immediate community concerns but also lays the groundwork for long-term growth and success for Hispanic youth in New York, creating opportunities that enhance their professional development and contribute to the community's overall well-being.
This information is meant to be a general summary of Somos Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $856,811
Assets and Liabilities:
- Total Assets: $246,990
- Total Liabilities: $13,200
- Net Assets: $233,790
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1991
Phone
(518) 380-6003Principal Officer
Ladan Nikravan
Main Address
90 SOUTH SWAN STREET 300, ALBANY, NY, 12210
Website
www.somosnewyork.orgNTEE Category
Code: P84 - Human services
If you are a representative of Somos Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.