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Nonprofit · EIN 86-3684224

SOMOSVC

Tax-exempt · SAN JOSE, CA 95148

Financials

$510K$723K2023$494K$577K2024
Revenue Expenses · by fiscal year end
Financials of SOMOSVC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$494,492$577,117-$82,625$333,258$51,170$282,088
December 31, 2023990$509,844$723,271-$213,427$480,127$115,414$364,713
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$444,537
Program service revenue
$40,166
Investment income
$9,789
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$218,060
Other salaries and wages
$101,641
Salaries, compensation and benefits (total)
$352,311
Professional fundraising fees
$0
Accounting fees
$23,368
Occupancy
$7,262
Travel
$60,085
Program services (functional)
$457,114
Management and general (functional)
$84,046
Fundraising (functional)
$35,957

Balance sheet and other

Total assets, start of year
$480,127
Total assets, end of year
$333,258
Total liabilities, end of year
$51,170
Net assets, end of year
$282,088
Net assets without donor restrictions
$282,088
Gross receipts
$494,492
Employees
2
Volunteers
11
Year formed
2021
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MARIELA SALASEXECUTIVE DIRECTOR/SECRETARY
Trustee or director, Officer
40$192,436$25,624
JOANNA LICHTERPRESIDENT
Trustee or director, Officer
1$0$0
ALAN ARTURO DAYVICE PRESIDENT
Trustee or director, Officer
1$0$0
EDDIE LOPEZTREASURER
Trustee or director, Officer
1$0$0
ADRIANNA SAMANIEGODIRECTOR
Trustee or director
1$0$0
JC LOPEZDIRECTOR
Trustee or director
1$0$0
DANIEL PAREDESDIRECTOR
Trustee or director
1$0$0
VALERIA MARTINEZDIRECTOR
Trustee or director
1$0$0
NICOLE DETOMMASODIRECTOR
Trustee or director
1$0$0
SAMUEL GARCIADIRECTOR
Trustee or director
1$0$0
SERGIO MONSALVEDIRECTOR
Trustee or director
1$0$0
JOMAYRA HERRERADIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
MARIELA SALASEXECUTIVE DIRECTOR/SECRETARY
Trustee or director, Officer
40$152,126$22,672
RAMI REYESPRESIDENT
Trustee or director, Officer
1$0$0
MARIA SALAMANCAVICE PRESIDENT
Trustee or director, Officer
1$0$0
ALAN ARTURO DAYTREASURER
Trustee or director, Officer
1$0$0
VANESSA LARCODIRECTOR
Trustee or director
1$0$0
LISETTE TELLEZDIRECTOR
Trustee or director
1$0$0
MARJORIE LOPEZDIRECTOR
Trustee or director
1$0$0
AL GUERRERODIRECTOR
Trustee or director
1$0$0
JOMAYRA HERRERADIRECTOR
Trustee or director
1$0$0
ASHLEY RAMIREZ BALLADIRECTOR
Trustee or director
1$0$0
NICOLE DETOMMASODIRECTOR
Trustee or director
1$0$0
SAMUEL GARCIADIRECTOR
Trustee or director
1$0$0
SERGIO MONSALVEDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
3277 S WHITE RD 900, SAN JOSE, CA 95148-4056
Principal officer (990 for 2024)
JOSE PINERO, 3277 S WHITE ROAD 900, SAN JOSE, CA 95148
Signed the 990
EDDIE LOPEZ, TREASURER
Phone
(650) 518-2871
Website
SOMOS.VC
Return prepared by
WEGNER CPAS LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 86-3684224 or by the name SOMOSVC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

TO ACCELERATE AND ELEVATE THE PRESENCE OF LATINOS/AS AND ALLIES IN VENTURE CAPITAL.

990 for the year ended December 31, 2024

Program accomplishments

  • DURING THE TAX YEAR, THE ORGANIZATION HAD A FELLOWSHIP PROGRAM PROVIDING FREE LECTURES TO LATINX PROFESSIONALS INTERESTED IN ENTERING THE VENTURE CAPITAL INDUSTRY AND A MENTORSHIP PROGRAM CONNECTING JUNIOR LATINX VENTURE PROFESSIONALS WITH SENIOR VENTURE PROFESSIONALS FOR MENTORSHIP. THE ORGANIZATION ALSO HAD A REGULAR NEWSLETTER, PRIVATE TWITTER FORUM, AND SLACK GROUPS FOCUSED ON INFORMING PROFESSIONALS ABOUT JOB OPPORTUNITIES IN VENTURE CAPITAL AND OTHER PROFESSIONAL DEVELOPMENT OPPORTUNITIES, WITH A FOCUS ON LATINX PROFESSIONALS, AN EVENT FOR LATINX EMERGING MANAGERS TO SHARE BEST FUNDRAISING PRACTICES, EDUCATIONAL VIRTUAL PROGRAMMING EVENTS, AND INDUSTRY SPECIFIC EDUCATIONAL PANELS.
    Expenses $457,114 · revenue $40,166

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-3684224
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$333,258
Income (IRS master file)
$494,492

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$494,492$577,117$333,258IRS
990December 2023$509,844$723,271$480,127XML
990December 2022$152,141$120,518$583,415IRS
990September 2022$59,829$99,200$556,251IRS
990September 2021$600,000$14,112$585,976IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-3684224).

Questions about SOMOSVC

What is the EIN of SOMOSVC?
The employer identification number (EIN) of SOMOSVC is 86-3684224.
Is SOMOSVC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to SOMOSVC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOMOSVC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SOMOSVC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOMOSVC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SOMOSVC?
The 990 for the year ended December 31, 2024 names JOSE PINERO.
Who are the officers and directors of SOMOSVC?
The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $192,436 (MARIELA SALAS, EXECUTIVE DIRECTOR/SECRETARY).
How much revenue does SOMOSVC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $494,492, expenses of $577,117 and total assets of $333,258 at year end.

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