SOMOS UNIDOS FOUNDATION

EIN: 844283142 501(c)(3)

ALBUQUERQUE, NM

Total Revenue
$451,036
Total Expenses
$397,629
Total Assets
$91,723
Net Assets
$-17,258
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NM
Principal Officer
SOPHIA SMITH
Phone
5059340500
Tax Period
2024-01-01 to 2024-12-31

SOMOS UNIDOS FOUNDATION, founded in 2019, is a small nonprofit that reported $451K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $398K left a modest 12% surplus.

Mission

THE SOMOS UNIDOS FOUNDATION IS A 501(C)(3) DEDICATED TO CREATING POSITIVE OUTCOMES FOR NEW MEXICANS THROUGH ART, SPORT, COMMUNITY, AND UNITY. OUR HIGH PERFORMANCE AND ACADEMY PROGRAMS EPITOMIZE OUR DEVOTION TO THE FUTURE A COST-FREE PROGRAM THAT GIVES OUR STATE'S BRIGHTEST SOCCER PROSPECTS ACCESS TO PROFESSIONAL TRAINING ATMOSPHERE AND COACHING, REGARDLESS OF THEIR SOCIOECONOMIC STATUS.

Program Service Accomplishments

Program 1
Expenses: $210,460 Revenue: $132,037

FULLY FUNDED ACADEMY TEAM & HIGH PERFORMANCE PROGRAM: THE SOMOS UNIDOS FOUNDATION RAISES FUNDS TO FULLY SCHOLARSHIP THE ACADEMY, WHICH IS A BOY'S U-19 TEAM THAT COMPETES IN THE USL ACADEMY LEAGUE...

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FULLY FUNDED ACADEMY TEAM & HIGH PERFORMANCE PROGRAM: THE SOMOS UNIDOS FOUNDATION RAISES FUNDS TO FULLY SCHOLARSHIP THE ACADEMY, WHICH IS A BOY'S U-19 TEAM THAT COMPETES IN THE USL ACADEMY LEAGUE. THE ACADEMY TRAINS 5X PER WEEK AND COMPETES AT THE HIGHEST LEVEL YEAR-ROUND. THE FOUNDATION FUNDS THE PROGRAM IN ORDER TO PROVIDE MORE ACCESS TO POSITIVE OUTCOMES FOR PLAYERS NAMELY, COLLEGIATE OFFERS, SCHOLARSHIPS AND OPPORTUNITIES TO PLAY PROFESSIONALLY. THE HIGH PERFORMANCE PROGRAM IS A LIGHTER-TOUCH PROGRAM WITH TRAINING 1-3 TIMES PER MONTH AND IS AVAILABLE TO TALENTED YOUNG BOYS AND GIRLS WHO ARE STILL PLAYING FULL TIME ON THEIR HIGH SCHOOL OR CLUB TEAMS.

Program 2
Expenses: $29,129 Revenue: $110,210

UNITED IN HEALTH PROGRAM: THE UNITED IN HEALTH PROGRAM PROVIDES ACCESS TO HEALTHBASED TOOLS AND RESOURCES FOR NEW MEXICANS. VACCINATION CLINICS, BLOOD DRIVES, FREE SPORTS PHYSICALS, HEALTH FAIRS, AND...

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UNITED IN HEALTH PROGRAM: THE UNITED IN HEALTH PROGRAM PROVIDES ACCESS TO HEALTHBASED TOOLS AND RESOURCES FOR NEW MEXICANS. VACCINATION CLINICS, BLOOD DRIVES, FREE SPORTS PHYSICALS, HEALTH FAIRS, AND MUCH MORE ACROSS THE STATE IN EFFORT TO MAKE NEW MEXICO A HEALTHIER PLACE TO BE A KID.

Program 3
Expenses: $72,690 Revenue: $46,000

COMMUNITY SOCCER CLINICS: THE SOMOS UNIDOS FOUNDATION RUNS 8-10 FREE COMMUNITY SOCCER CLINICS PER YEAR, WHICH AIMS TO BRING SOCCER AND NEW MEXICO UNITED PLAYERS & COACHES INTO THE COMMUNITY ACROSS...

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COMMUNITY SOCCER CLINICS: THE SOMOS UNIDOS FOUNDATION RUNS 8-10 FREE COMMUNITY SOCCER CLINICS PER YEAR, WHICH AIMS TO BRING SOCCER AND NEW MEXICO UNITED PLAYERS & COACHES INTO THE COMMUNITY ACROSS THE STATE, WHILE PROVIDING ATTENDEES AN OPPORTUNITY TO LEARN SOCCER DRILLS, SPEND TIME BEING PHYSICALLY ACTIVE AND RECEIVE NEW MEXICO UNITED GIVEAWAYS, INCLUDING T-SHIRTS, STICKERS AND/OR SOCCER BALLS OF THEIR VERY OWN. THE FOUNDATION SELECTS COMMUNITY PARTNERS AND SITES THAT SPECIFICALLY SERVE MARGINALIZED YOUTH AND COMMUNITIES WHO MAY NOT NORMALLY HAVE ACCESS TO PAID SOCCER CLINICS, CAMPS OR CLUB SOCCER.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $266,709
Program Service Revenue $288,247
Investment Income $0
Other Revenue $-103,920
TOTAL REVENUE $451,036

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $72,478
Fundraising Expenses $0
Program Expenses $316,779
Other Expenses $322,151
TOTAL EXPENSES $397,629

Year-over-Year Comparison

2024 2023 Change
Revenue $451,036 $732,687 -0.4%
Expenses $397,629 $729,935 -0.5%
Net Income $53,407 $2,752 +18.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
3
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINNEA ROMERO EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $0
PETER TREVISANI PRESIDENT 3.00
Officer Director
$0 $0 $0
KATE FERLIC TREASURER 1.00
Officer Director
$0 $0 $0
ALEX HANNA BOARD MEMBER 1.00
Director
$0 $0 $0
CINDY NAVA BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $451,036 $397,629 $91,723 $53,407
2023 No data No data No data No data
2022 $474,605 $571,503 $199,955 $-96,898
2021 $524,326 $409,879 $284,111 $114,447
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