2023-08-11T10:38:45-07:00 2022-12-31 262176601 EASY OFFICE DBA JITASA 1120 S RACKHAM WAY SUITE 300 MERIDIAN ID 83642 990 2022-01-01 464140758 THE SOMO PROJECT SOMO 9144262055 10TH STREET APT 1222 SAN FRANCISCO CA 94122 AMELIA HOPKINS PHILLIPS EXECUTIVE DIRECTOR 9144262055 2023-08-11 1 1 JEREMY CORK P01544850 2082874777 2023-08-11 1 11 1 AAL2 2022 2023-04-26 12:10:37Z LILIAN WANJIKU 10TH STREET APT 1222 SAN FRANCISCO CA 94122 1040334 0 X www.somoafrica.org X 2014 CA REGISTERED 501(C)(3) THAT PROVIDES TRAINING, MENTORSHIP, AND CAPITAL TO ENTREPRENEURS BUILDING BUSINESSES OUT OF LOW INCOME URBAN. 8 8 0 8 0 0 657172 1040334 0 0 0 0 0 0 657172 1040334 0 0 0 0 0 0 32492 0 0 610478 751109 642970 751109 14202 289225 620904 854608 0 46000 620904 808608 THE SOMO PROJECT PROVIDES TRAINING, MENTORSHIP AND CAPITAL TO IMPACT ENTREPRENEURS BUILDING BUSINESSES OUT OF LOW-INCOME URBAN AREAS. 0 0 285104 0 0 ACCELERATION: DURING OUR ACCELERATOR PROGRAM, ENTREPRENEURS RECEIVE 1:1 COACHING FROM BOTH THE SOMO TEAM AND OUR VOLUNTEER ADVISORS. SOMO'S ADVISORS PROVIDE MENTORSHIP AND HELP GROW SOMO BUSINESSES. ENTREPRENEURS HAVE ACCESS TO MONTHLY STARTUP SERIES EVENTS WHERE SOMO ADVISORS TEACH LESSONS ON AREAS OF EXPERTISE. SOMO ADVISORS PROVIDE 1:1 SUPPORT TO BUSINESSES, EITHER THROUGH OFFICE HOURS OR BY WORKING DIRECTLY WITH ONE ENTERPRISE. AS PART OF OUR 2-YEAR ACCELERATOR PROGRAM, SOMO PROVIDES NON- REPAYABLE GRANTS TO EACH QUALIFYING ENTREPRENEURS FOR THE INITIAL CAPITAL EXPENDITURES NECESSARY TO LAUNCH THEIR VENTURES. LATER STAGE FUNDING IS PROVIDED AS DEBT CAPITAL. CONTINUED FUNDING IS CONTINGENT ON SUCCESS METRICS DEVELOPED BY THE ENTREPRENEURS WITH THE SOMO TEAM. 231315 0 0 OUTREACH AND TRAINING: BUSINESS TRAINING THAT TEACHES BUSINESS SKILLS, STORYTELLING, AND FINANCIAL LITERACY. THE TRAINING IS TAILORED TO THE NEEDS OF EACH ENTREPRENEUR AND DRIVEN BY THE MARKET RESEARCH THEY CONDUCT WITH OUR ASSISTANCE. TRAINING STARTS WITH PROBLEM-SOLVING AND IDEATION, ENCOMPASSES MARKET RESEARCH, BUSINESS PLANNING, FINANCIAL MODELING AND DIGITAL LITERACY, AND FINISHES WITH CAPITALIZING A BUSINESS AND A PRESENTATION TO VOLUNTEER JUDGES BY EACH ENTREPRENEUR. 147390 0 0 TENGENEZA: AS PART OF THE MARKET ACCESS PROGRAM, SOMO PRODUCTS ARE SOLD THROUGH BOTH SOMO'S AND THIRD PARTY'S ONLINE AND PHYSICAL CHANNELS. SOMO ALSO HAS A SHARED PRODUCTION FACILITY THAT PROVIDES ENTREPRENEURS WITH ACCESS TO EQUIPMENT, PRINT SERVICES AND STANDARDIZED PROCESSES 0 0 0 663809 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 KE TZ 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X AMELIA HOPKINS PHILLIPS 9144262055 10TH STREET APT 1222 SAN FRANCISCO CA 94122 X AMELIA HOPKINS PHILLIPS EXECUTIVE DIRECTOR 40 X X 0 0 0 TOM PHILLIPS BOARD CHAIR 40 X X 0 0 0 EDEL WERE SECRETARY 40 X X 0 0 0 BRITTANY RYDEN TREASURER 40 X X 0 0 0 KAGURE WAMUNYU BOARD MEMBER 40 X 0 0 0 ESKOR JOHN BOARD MEMBER 40 X 0 0 0 FIONA KIRUBI BOARD MEMBER 40 X 0 0 0 EDWARD MUNGAI BOARD MEMBER 40 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1040334 0 1040334 0 0 0 0 0 0 0 0 1040334 0 0 0 5192 3634 1558 7152 7152 9389 6572 2817 19066 13346 5720 PROGRAM EXPENSES 452649 452649 0 0 MANAGEMENT TRAINING AND DEVELOPMENT 257661 187608 70053 0 751109 663809 87300 0 98630 699480 204020 48892 522274 155128 620904 854608 46000 0 46000 X 0 0 0 0 620904 808608 620904 808608 620904 854608 289225 0 0 0 -101521 0 X 0 0 0 X 103403 125319 543027 657172 1040334 2469255 103403 125319 543027 657172 1040334 2469255 630332 1838923 0 2469255 235 0.74473 0.92995 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 110970 7404 103566 0 0 0 0 0 93050 41488 51562 0 0 0 0 155128 1 Sub-Saharan Africa 1 20 Program Services PROVIDE TRAINING/MENTORING SERVICES 452649 1 20 452649 0 0 0 0 0 0 Schedule F, Part I, Line 2 SOMO HAS WELL-PREPARED DOCUMENTATION (I.E. OPERATING REPORTS AND BUDGETS) TO TRACK AND MONITOR HOW THE GRANTS ARE ALLOCATED AND USED. Form 990, Part VI, Section A, Line 2 TWO BOARD MEMBERS HAVE A FAMILIAL RELATIONSHIP. Form 990, Part VI, Section B, Line 11b THE RETURN PREPARER EMAILS A COPY OF THE FINAL VERSION OF FORM 990 TO EACH BOARD MEMBER BEFORE IT WAS FILED. Form 990, Part VI, Section B, Line 12c PERIODICAL WRITTEN DOCUMENTS AND REVIEWS ON DISCLOSURE FOR COMPLIANCE WITH CONFLICTS OF INTEREST POLICY. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.