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Nonprofiteer
← SOBAY PTO INC

Form 990 for tax year 2023

Filed by SOBAY PTO INC.

Totals

Total revenue
$229,179
Total expenses
$233,584
Contributions and grants received
$157,373
Grants paid
$197,629
Program service revenue
$0
Investment income
$6,845
Other revenue
$64,961
Total assets, end of year
$161,553
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$161,553
Program services expenses (Part IX)
$197,629
Management and general expenses
$35,955
Fundraising expenses
$0
Program service expenses (Part III)
$197,629

Program services were 84.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $18,225

  • 1f · All other contributions, gifts and grants

    $139,148

  • 3 · Investment income

    total $6,845 · related or exempt $6,845

  • 8a · Fundraising events: gross income

    $187,723

  • 8b · Fundraising events: direct expenses

    $135,319

  • 8c · Net income from fundraising events

    total $52,404 · excluded $52,404

  • 10a · Gross sales of inventory

    $22,783

  • 10b · Cost of goods sold

    $10,226

  • 10c · Net income from sales of inventory

    total $12,557 · related or exempt $12,557

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $197,629 · program services $197,629

  • 24a · Other expenses: PTO EXPENSES

    total $25,858 · management and general $25,858

  • 24b · Other expenses: END OF YEAR

    total $4,418 · management and general $4,418

  • 24c · Other expenses: INCENTIVES

    total $2,037 · management and general $2,037

  • 24d · Other expenses: TEACHER APPRECIATION

    total $1,585 · management and general $1,585

  • 24e · All other expenses

    total $2,057 · management and general $2,057

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $165,772 · end of year $161,367

  • 15 · Other assets

    beginning of year $186 · end of year $186

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $165,958 · end of year $161,553

Mission and programs · 2023

Mission

THE SOMERSET ACADEMY BAY PTO IS A VITAL PART OF THE SCHOOL COMMUNITY. IT IS ITHE GOAL OF THE PTO TO BRING PARENTS, TEACHERS, ADMINISTRATORS, AND STUDENTS TOGETHER. THE PTO IS A PLACE FOR EXCHANGING IDEAS, THOUGHTS, AND GOALS FOR THE BETTERMENT OF OUR SCHOOL.INVOLVED IN OUR SCHOOL YOU'LL BE PART OF THE SOLUTION, HELPING TO MAKE POSITIVE CHANGES. WITH MEMBERSHIPS, FUNDRAISERS & SPONSORSHIPS THE PTO CAN BEGIN TO MAKE THE NECESSARY CHANGES TO THE SCHOOL CAMPUS AND THE CLASSROOMS THAT WILL EXPAND AND ENRICH THE LEARNING EXPERIENCE OF THE CHILDREN.

Activities or mission (Part I)

TO BRING THE PARENTS, TEACHERS, ADMINISTRATORS, AND STUDENTS OF SOMERSET ACADEMY BAY TOGETHER.

  • THE ACT FUND PROVIDES THE OPPORTUNITY FOR BOTH PARENTS AND THE SCHOOL TO HELP FUND THE SALARIES FOR TEACHER ASSISTANTS. TEACHER ASSISTANTS FILL AN IMPORTANT ROLE IN THE CLASSROOM; THEY PROVIDED ONE-ON-ONE TUTORING, ASSIST WITH CLASSROM MANAGEMENT, PROVIDE INSTRUCTIONAL ASSISTANCE AND OFFER TEACHER SUPPORT IN ORDER TO BETTER INSTRUCT THE CHILDREN. THERE ARE MANY DEMANDS ON A CLASSROOM TEACHER AND HAVING AN ASSISTANT CAN HELP THE TEACHER IN MANY WAYS; BUT MOSTLY IT GIVES THE TEACHER THE OPPORTUNITY TO INSTRUCT AND SUPPORT THE CHILDREN IN SMALLER GROUPS BASED ON ACADEMIC LEVEL.

    Expenses $120,136 · Grants $120,136

  • THE PTO HAS CREATED AN IMPROVEMENT INITIATIVE TO ENHANCE THE SCHOOL,IN THE LAST YEAR, THEY HAVE ADDED ADDITIONAL PICNIC TABLES FOR OVERFLOW SEATING AND OUTDOOR CLASSROOM SPACE, CURRICULUM ENHANCEMENTS FOR SPECIAL AREA TEACHERS / ELECTIVE CLASSES WITH WISHLIST SUPPLIES AND EQUIPMENT, TWO LARGE TROPHY DISPLAY CASES FOR THE MAIN OFFICE, AND PLAYGROUND REPLACEMENT PARTS AND REPAIRS.

    Expenses $44,330 · Grants $44,330

  • JOINT FUNDRAISING ACTIVITY ALLOCATED TO SOMERSET ACADEMY KENDALL.

    Expenses $33,163 · Grants $33,163

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eyra Frances

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kristy Barker

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Jeannine Miranda

    TREASURER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • SOMERSET ACADEMY INC (SOMERSET ACADEMY BAY AND KENDALL)

    $153,298

    THE ACT FUND PROVIDES THE OPPORTUNITY FOR BOTH PARENTS AND THE SCHOOL TO HELP FUND THE SALARIES OF TEACHER ASSISNTANTS. TEACHER ASSISTANTS FILL AN IMPORTANT ROLE IN THE CLASSROOM; THEY PROVIDE ONE-ON-ONE TUTORING, ASSIST WITH CLASSROOM MANAGEMENT, PROVIDE INSTRUCITONAL ASSISTANCE AND OFFER TEACHER SUPPORT IN ORDER TO BETTER INSTRUCT THE STUDENTS. THERE ARE MANY DEMANDS ON A CLASSROOM TEACHER AND HAVING AN ASSISTANT CAN HELP THE TEACH IN MANY WAYS; BUT MOSTLY IT GIVES THE TEACHER THE OPPORTUNITY TO INSTRUCT AND SUPPORT THE STUDENTS IN SMALLER GROUS BASED ON ACADEMIC LEVEL. FUNDRAISING EVENTS ALSO PROVIDE FOR CERTAIN CAMPUS IMPROVEMENTS FOR THE BENEFIT OF THE GROWTH AND DEVELOPMENT OF THE STUDENTS.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349316938

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