SOMOS MAYFAIR INC

SAN JOSE, CA, 95116-2445 (408) 251-6900 Est. 1999 EIN 77-0499813

S220— Community Improvement Form 990 501(c)(3)

WWW.SOMOSMAYFAIR.ORG

Mission

SOMOS MAYFAIR'S MISSION IS TO SUPPORT CHILDREN, ORGANIZES FAMILIES, AND CONNECT NEIGHBORS TO UPLIFT THE DREAMS, POWER, AND LEADERSHIP OF COMMUNITY AND ADDRESS SYSTEMIC INEQUITIES.

Financials

Total Revenue

$4,929,202

Total Expenses

$7,549,722

Net Assets

$3,049,588

65 employees 142 volunteers

From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve

4.8 months Adequate

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 4.2%

Expenses ↑ 27.7%

Revenue Sources

Contributions 98.3% Earned revenue 0.3% Investment 0.3% Other 1.0%

Expense Breakdown

Program 82.4% Management 10.5% Fundraising 7.1%

Officers & Key Employees (10)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Grants Received (82)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2022 Form 990	$4,929,202 ↓	$7,549,722	$3,049,588
2021 Form 990	$5,144,854 ↓	$5,913,369	$5,670,319
2020 Form 990	$9,791,764	$5,978,562	$6,438,834
2020 Form 990	$9,791,764 ↑	$5,978,562	$6,438,834
2019 Form 990	$4,452,408 ↑	$3,497,985	$2,625,632
2017 Form 990	$2,243,703	$2,167,830	$1,257,404