Nonprofit · EIN 93-1993655
SOUTHCOAST OPPORTUNITIES FOR ARTISANS AND MAKERS
Also known as SOAM
Tax-exempt · SOMERSET, MA 02726
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $197,376 | $200,558 | -$3,182 | $11,832 | $8,691 | $3,141 |
| December 31, 2023 | 990-EZ | $172,634 | $166,311 | $6,323 | $10,944 | $4,621 | $6,323 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,161
- Program service revenue
- $182,651
- Investment income
- $0
- Net income from sales of inventory
- $1,564
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $8,500
- Salaries, compensation and benefits (total)
- $88,170
- Professional fees and payments to contractors
- $10,463
- Occupancy
- $40,009
- Printing, publications and postage
- $464
- Other expenses
- $61,452
- Program services (functional)
- $200,000
Balance sheet and other
- Total assets, start of year
- $10,944
- Total assets, end of year
- $11,832
- Total liabilities, end of year
- $8,691
- Net assets, end of year
- $3,141
- Cash, savings and investments
- $3,700
- Gross receipts
- $199,724
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Allison Faunce | President | 40 | $8,500 |
| Danny Medeiros | Vice President | 1 | $0 |
| Erin Raffa | Treasurer | 2 | $0 |
| Paul Richards | Clerk | 1 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Allison Faunce | President | 40 | $5,750 |
| Danny Medeiros | Vice President | 1 | $0 |
| Erin Raffa | Treasurer | 2 | $0 |
| Paul Richards | Clerk | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1115 GAR HIGHWAY, SOMERSET, MA 02726-1202
- In care of
- % ALLISON FAUNCE
- Signed the 990-EZ
- Allison Faunce, President
- Phone
- (508) 567-5761
- Return prepared by
- William Silvia EA
Mission
In 2024, SOAM (Southcoast Opportunities for Artisans and Makers) advanced its mission to uplift local creative entrepreneurs through three cornerstone initiatives: SOAM's core programs, Art Pop, and Foodchella. Collectively, these programs supported and showcased over 1200 individuals throughout the Southcoast region.
Program accomplishments
- Art Pop served as a Creative Class space, providing arts education and hands-on workshops to over 500 children. We hold Pre School Art Playgroups, Senior Citizen Art Classes, Elementary Age Art Camps, Teen Art Clubs, and special Art Classes for children and young adults with Autism.Expenses $120,000 · grants $7,897
- Foodchella, SOAM's flagship culinary festival, spotlighted over 30 local food vendors, promoting regional culinary talent and fostering vibrant community engagement. SOAM's Saturday Markets showcased and provided retail opportunities to over 500 local small businesses, artisans, makers, nonprofits, and food vendors through our monthly pop-up marketplace. Across all programs, SOAM provided access to resources, creative development, and inclusive platforms that prioritize equity and sustainability in the arts and small business ecosystems.Expenses $80,000 · grants $5,264
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 93-1993655
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $11,832
- Income (IRS master file)
- $199,724
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $197,376 | $200,558 | $11,832 | IRS |
| 990-EZ | December 2023 | $172,634 | $166,311 | $10,944 | XML |
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 93-1993655).
Questions about SOUTHCOAST OPPORTUNITIES FOR ARTISANS AND MAKERS
- What is the EIN of SOUTHCOAST OPPORTUNITIES FOR ARTISANS AND MAKERS?
- The employer identification number (EIN) of SOUTHCOAST OPPORTUNITIES FOR ARTISANS AND MAKERS is 93-1993655.
- Is SOUTHCOAST OPPORTUNITIES FOR ARTISANS AND MAKERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to SOUTHCOAST OPPORTUNITIES FOR ARTISANS AND MAKERS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHCOAST OPPORTUNITIES FOR ARTISANS AND MAKERS 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 SOUTHCOAST OPPORTUNITIES FOR ARTISANS AND MAKERS 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 SOUTHCOAST OPPORTUNITIES FOR ARTISANS AND MAKERS last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of SOUTHCOAST OPPORTUNITIES FOR ARTISANS AND MAKERS?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $8,500 (Allison Faunce, President).
- How much revenue does SOUTHCOAST OPPORTUNITIES FOR ARTISANS AND MAKERS have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $197,376, expenses of $200,558 and total assets of $11,832 at year end.
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All nonprofits in SOMERSET · Massachusetts · Arts, culture and humanities