Nonprofit · EIN 55-0801305
UTAH HISPANIC BUSINESS LEADERSHIP FOUNDATION
Also known as SOMOS FOUNDATION
Tax-exempt (reinstated) · TAYLORSVILLE, UT 84129
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $65,514 | $34,686 | $30,828 | $73,758 | $0 | $73,758 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $65,514
Expenses
- Grants and similar amounts paid
- $19,120
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $300
- Other expenses
- $15,266
- Program services (functional)
- $21,315
Balance sheet and other
- Total assets, start of year
- $42,930
- Total assets, end of year
- $73,758
- Total liabilities, end of year
- $0
- Net assets, end of year
- $73,758
- Cash, savings and investments
- $73,758
- Gross receipts
- $65,514
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Claudia Loayza | Board Member | 1 | $0 |
| Ann Monroy | Board Member | 1 | $0 |
| Ciriac Alvarez | Board Member | 1 | $0 |
| Felix Vivanco | Board Member | 1 | $0 |
| Carlos Palestina | Board Member | 1 | $0 |
| Luis Sebastian | Board Member | 1 | $0 |
| Walter Franco | Board Member | 1 | $0 |
| Julie Ramos | Board Member | 1 | $0 |
| Thaiss Del Rio | Board Member | 1 | $0 |
| Nick Ramos | Board Member | 1 | $0 |
| Kristina Maljovec | Board Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3065 W 5400 S, TAYLORSVILLE, UT 84129-2263
- In care of
- % SEAN REYES
- Mailing address (990-N for 2023)
- 1635 S REDWOOD ROAD, SALT LAKE CITY UT 84104
- Principal officer (990-N for 2023)
- CLAUDIA LOAYZA, 1635 S REDWOOD ROAD, SALT LAKE CITY UT 84104
- Signed the 990-EZ
- Ann Monroy, Treasurer
- Phone
- (801) 870-4457
- Website
- WWW.SOMOSFOUNDATION.ORG
- Return prepared by
- Squire & Company
Mission
To increase access to thriving educational & career pathways for Latino and Hispanic students to become leaders and pursue excellence through scholarships, professional development, and networking.
Program accomplishments
- Provide scholarships, professional development, and networking for Latino and Hispanic students.Expenses $21,315 · grants $19,120
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 55-0801305
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $73,758
- Income (IRS master file)
- $65,514
Revocation and reinstatement
- Exemption revoked
- May 15, 2022
- Posted by the IRS
- August 8, 2022
- Reinstated
- Effective May 15, 2022
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $65,514 | $34,686 | $73,758 | XML |
| 990-N for 2023 Officer: CLAUDIA LOAYZA | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: GLEN HAYNIE | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 55-0801305).
Questions about UTAH HISPANIC BUSINESS LEADERSHIP FOUNDATION
- What is the EIN of UTAH HISPANIC BUSINESS LEADERSHIP FOUNDATION?
- The employer identification number (EIN) of UTAH HISPANIC BUSINESS LEADERSHIP FOUNDATION is 55-0801305.
- Is UTAH HISPANIC BUSINESS LEADERSHIP FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective May 15, 2022.
- Are donations to UTAH HISPANIC BUSINESS LEADERSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UTAH HISPANIC BUSINESS LEADERSHIP FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UTAH HISPANIC BUSINESS LEADERSHIP FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UTAH HISPANIC BUSINESS LEADERSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of UTAH HISPANIC BUSINESS LEADERSHIP FOUNDATION?
- The 990-N for 2023 names CLAUDIA LOAYZA.
- Who are the officers and directors of UTAH HISPANIC BUSINESS LEADERSHIP FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does UTAH HISPANIC BUSINESS LEADERSHIP FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $65,514, expenses of $34,686 and total assets of $73,758 at year end.
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