New York · Nonprofit
SOMOS INC
SOMOS INC (New York) receives grants from 18 organizations whose IRS filings report $1,082,475 to it, the largest being NEW YORK YANKEES FOUNDATION INC ($300,000). 8 of them have funded it in more than one year.
- Revenue FY2025
- $2.2M
- Funders on record
- 18
- Grants received
- $1.1M
- Net assets
- $657k
What Somos Inc does
Mission
Somos, inc. Is a nonpartisan nonprofit 501(c)(3) organization committed to addressing the needs of the hispanic population of new york state.
As stated on its FY2025 Form 990.
Program
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.
$1,632,363 spentof which $139,600 as grants100% of program spending
The program described on its FY2023 Form 990. Program spending in total: $1,632,363.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $247k to $656k (+166%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 13% · 2022 3%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Francisco Diaz
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 4 funders, grant income rose $58k → $105k.
From the IRS filings of SOMOS INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
SOMOS INC has a broad base — no single funder exceeds 28% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
96% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SOMOS INC.
Largest funder’s share by year: 2017 78% · 2018 44% · 2019 50% · 2020 59% · 2021 45% · 2022 34% · 2023 48% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
31% of SOMOS INC's funders are still giving 3 years after their first grant; 44% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
65% of SOMOS INC's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding SOMOS INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $493 on record.
- REFUNDS - GENERAL $493
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like SOMOS INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for SOMOS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds SOMOS INC?
- SOMOS INC (New York) receives grants from 18 organizations whose IRS filings report $1,082,475 to it, the largest being NEW YORK YANKEES FOUNDATION INC ($300,000). 8 of them have funded it in more than one year.
- How many funders does SOMOS INC have?
- IRS filings report 18 organizations giving $1,082,475 in grants to SOMOS INC, 8 of which have funded it in more than one year.
- Who is the largest funder of SOMOS INC?
- NEW YORK YANKEES FOUNDATION INC is the largest funder on record, with $300,000 in grants. The full list of funders is on this page.
- How can an organization like SOMOS INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 18 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing