Somos Siembra

Overview

Mission

Somos siembra is a state-wide latinx base-building organization created in response to attacks on immigrant and latinx communities as well as to fill the gap in support and resources for the broader latinx community in North Carolina.

What it reported doing in 2024

We supported dozens of workers that were experiencing wage theft and supported them to organize and get back over $200,000 in stolen wages.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 71% for direct work, and 29% for grants.

Nonprofit profile at a glance

EIN
872266951
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2021
Headquarters
Charlotte, NC, USA
Phone
3366559997
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Minority Rights

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 94
  • Accountability: 81
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.9%; rating input score 69
  • Program expense ratio: 85.1%; rating input score 85
  • Fundraising efficiency: $62.13 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 19%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 1.8; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 7.5%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 79.3% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 14% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 31.7% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 68.9% of revenue deployed · 85.1% of spending went to programs
  • Governance: 2 of 3 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.8M in reported program spending
  • Leadership: top reported pay $112K · 4 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 3 annual filings from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

4 people listed

Highest reported compensation

  • NICOLE MARIN (CO-EXECUTIVE DIRECTOR): $111,861 total reported compensation
  • KELLY MORALES (SECRETARY, CO-EXECUTIVE DI): $105,094 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.