SOMO PROJECT

New York, NY   |  somoafrica.org

Mission

Somo provides aspiring entrepreneurs from low-income communities with a holistic, needs-based package of support that provides locally-relevant training and access to financial networks. We support a diverse portfolio of social impact businesses addressing community needs in both urban and rural areas.

Ruling year info

2014

CEO

Amelia Hopkins Phillips

Main address

543 West 122nd St 22G

New York, NY 10027 USA

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EIN

46-4140758

NTEE code info

Employment Training (J22)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Somo Academy

Somo Academy is training and business coaching to help entrepreneurs optimize their business strategies.

https://youtu.be/iNp2wCVQxrU

Population(s) Served
Young adults
Women and girls
At-risk youth
Economically disadvantaged people

Where we work

Financials

SOMO PROJECT
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

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SOMO PROJECT

Board of directors
as of 07/16/2022
SOURCE: Self-reported by organization
Board chair

Edel Were

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 7/16/2022

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Decline to state
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data