Somo Endowment Fund Inc
Somo Endowment Fund Inc. shows strong recent financial surpluses and asset growth after periods of significant historical deficits.
EIN: 201295769 · Jefferson Cty, MO · NTEE: N117 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $132K |
| Total Expenses | $5K |
| Program Spending | 90% |
| Net Assets | $467K |
| Transparency Score | 90/100 |
Is Somo Endowment Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Somo Endowment Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Somo Endowment Fund Inc
Somo Endowment Fund Inc (EIN: 201295769) is a nonprofit organization based in Jefferson Cty, MO, classified under NTEE code N117. The organization reported total revenue of $132K and total assets of $594K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somo Endowment Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somo Endowment Fund Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -17.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $5K |
| Surplus / Deficit | +$113K |
| Total Assets | $468K |
| Total Liabilities | $1K |
| Net Assets | $467K |
| Operating Margin | 95.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 1026.1 months |
Financial Health Grade: A
In 2023, Somo Endowment Fund Inc reported a surplus of $113K with revenue exceeding expenses, holds 1026.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Somo Endowment Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.5% | -88.0% | +31.7% |
| 2022 | +238.2% | -71.4% | +22.6% |
| 2021 | -70.6% | -65.7% | -40.2% |
| 2020 | -57.7% | -15.1% | -43.6% |
| 2019 | -65.0% | -85.1% | -18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Somo Endowment Fund Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Somo Endowment Fund Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $113K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly favorable for an organization of its size and type.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Somo Endowment Fund Inc's IRS 990 filings:
- Significant historical deficits in 2017 and 2018, where expenses vastly exceeded revenue (e.g., $3.6M expenses vs. $0.7M revenue in 2018), indicating potential past financial instability or large one-time distributions.
- Fluctuating revenue and expense patterns over the years, which could suggest reliance on inconsistent funding sources or variable distribution policies.
Strengths
The following positive indicators were identified for Somo Endowment Fund Inc:
- Consistent 0% officer compensation across all filings, demonstrating a strong commitment to minimizing administrative overhead.
- Significant revenue surpluses in recent years (e.g., $112,700 surplus in 2023 and $64,463 surplus in 2022), indicating robust financial health.
- Steady growth in assets in recent periods, from $289,573 in 2021 to $467,736 in 2023, reflecting effective asset management and accumulation.
- Very low expense ratios in recent years relative to revenue, suggesting high operational efficiency for an endowment fund.
- Long history of IRS 990 filings (13 filings), providing good transparency and historical financial data.
Frequently Asked Questions about Somo Endowment Fund Inc
Is Somo Endowment Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Somo Endowment Fund Inc (EIN: 201295769) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Somo Endowment Fund Inc spend its money?
Somo Endowment Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Somo Endowment Fund Inc tax-deductible?
Somo Endowment Fund Inc is registered as a tax-exempt nonprofit (EIN: 201295769). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Somo Endowment Fund Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Somo Endowment Fund Inc is above average for NTEE category N117 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Somo Endowment Fund Inc located?
Somo Endowment Fund Inc is headquartered in Jefferson Cty, Missouri and files with the IRS under EIN 201295769. It is classified under NTEE code N117.
How many years of IRS 990 filings does Somo Endowment Fund Inc have?
Somo Endowment Fund Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $132K in total revenue.
Is Somo Endowment Fund Inc. a good charity?
Based on recent financial data, Somo Endowment Fund Inc. appears to be a well-managed endowment. Its consistent 0% officer compensation and significant revenue surpluses in 2023 ($118,170 revenue vs. $5,470 expenses) and 2022 ($109,950 revenue vs. $45,487 expenses) suggest strong financial health and efficient operations, particularly for an endowment fund focused on asset growth and distribution.
What caused the large expenses in 2017 and 2018?
The IRS 990 data alone does not specify the exact nature of the large expenses in 2017 ($3,293,074) and 2018 ($3,656,189). For an endowment fund, these could represent significant distributions to beneficiaries, large investment losses, or substantial administrative costs related to asset management or a specific project. Further investigation into the detailed 990 forms for those years would be needed to understand these expenditures.
How does the organization manage its assets?
As an endowment fund (NTEE N117), Somo Endowment Fund Inc. is primarily focused on managing its assets for long-term growth and to provide a stable source of funding for its charitable purpose. The growth in assets from $289,573 in 2021 to $467,736 in 2023, alongside significant revenue surpluses, indicates effective asset management and accumulation.
Filing History
IRS 990 filing history for Somo Endowment Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Somo Endowment Fund Inc's revenue has declined by 90.2%, moving from $1.2M to $118K. Total assets decreased by 69.6% over the same period, from $1.5M to $468K. Total functional expenses fell by 85.4%, from $37K to $5K. In its most recent filing year (2023), Somo Endowment Fund Inc reported a surplus of $113K, with revenue exceeding expenses. The organization holds $1K in liabilities against $468K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $467K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118K | $5K | $468K | $1K | — | — |
| 2022 | $110K | $45K | $355K | $1K | — | View 990 |
| 2021 | $33K | $159K | $290K | $0 | — | View 990 |
| 2020 | $111K | $463K | $484K | $68K | — | — |
| 2019 | $261K | $546K | $859K | $90K | — | View 990 |
| 2018 | $746K | $3.7M | $1.1M | $1K | — | View 990 |
| 2017 | $4.2M | $3.3M | $7.0M | $361K | — | View 990 |
| 2016 | $2.8M | $567K | $5.8M | $3K | — | View 990 |
| 2015 | $1.4M | $559K | $3.4M | $0 | — | View 990 |
| 2014 | $1.2M | $518K | $2.6M | $0 | — | View 990 |
| 2013 | $681K | $380K | $1.9M | $300 | — | View 990 |
| 2012 | $59K | $107K | $1.5M | $0 | — | View 990 |
| 2011 | $1.2M | $37K | $1.5M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $118K, expenses of $5K, and assets of $468K (revenue +7.5% year-over-year).
- 2022: Revenue of $110K, expenses of $45K, and assets of $355K (revenue +238.2% year-over-year).
- 2021: Revenue of $33K, expenses of $159K, and assets of $290K (revenue -70.6% year-over-year).
- 2020: Revenue of $111K, expenses of $463K, and assets of $484K (revenue -57.7% year-over-year).
- 2019: Revenue of $261K, expenses of $546K, and assets of $859K (revenue -65.0% year-over-year).
- 2018: Revenue of $746K, expenses of $3.7M, and assets of $1.1M (revenue -82.1% year-over-year).
- 2017: Revenue of $4.2M, expenses of $3.3M, and assets of $7.0M (revenue +46.4% year-over-year).
- 2016: Revenue of $2.8M, expenses of $567K, and assets of $5.8M (revenue +110.6% year-over-year).
- 2015: Revenue of $1.4M, expenses of $559K, and assets of $3.4M (revenue +10.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $518K, and assets of $2.6M (revenue +79.2% year-over-year).
- 2013: Revenue of $681K, expenses of $380K, and assets of $1.9M (revenue +1055.3% year-over-year).
- 2012: Revenue of $59K, expenses of $107K, and assets of $1.5M (revenue -95.1% year-over-year).
- 2011: Revenue of $1.2M, expenses of $37K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somo Endowment Fund Inc:
Data Sources and Methodology
This transparency report for Somo Endowment Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.