SOMERSET ACADEMY FOUNDATION INC

As filed

Subsection

03

NTEE code

B11

Classification

1000

Street

20805 JOHNSON ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• SOMERSET ACADEMY FOUNDATION, INC. IS A SUPPORTING ORGANIZATION TO THE OPERATIONS OF SOMERSET ACADEMY CHARTER SCHOOLS AND THE DEVELOPMENT OF THEIR NEW SCHOOL FACILITIES.

  Expenses $2,124,732 · Revenue $3,310,109

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $3,310,109

  Expenses

  $2,149,402

  Contributions

  $0

  Grants paid

  $0

• 2023

  Revenue

  $3,156,461

  Expenses

  $2,428,596

  Contributions

  $0

  Grants paid

  $321,300

• 2022

  Revenue

  $3,493,383

  Expenses

  $1,809,414

  Contributions

  $0

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $1,771,098

  Expenses

  $1,454,136

  Assets (EOY)

  $29,085,662

• 2020 · 990

  Revenue

  $1,359,200

  Expenses

  $1,016,808

  Assets (EOY)

  $17,885,809

• 2019 · 990

  Revenue

  $1,389,607

  Expenses

  $1,029,068

  Assets (EOY)

  $17,789,167

• 2018 · 990

  Revenue

  $1,111,991

  Expenses

  $1,262,386

  Assets (EOY)

  $17,717,921

• 2017 · 990

  Revenue

  $466,933

  Expenses

  $187,181

  Assets (EOY)

  $7,573,755

• 2016 · 990

  Revenue

  $399,446

  Expenses

  $372,328

  Assets (EOY)

  $7,313,933

• 2015 · 990-EZ

  Revenue

  $5,000

  Expenses

  $2,407

  Assets (EOY)

  $17,100

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

• SOMERSET ACADEMY INC

  $321,300

  2023 · TO HELP THE SCHOOL PROVIDE QUALITY FACILITIES FOR ITS STUDENTS

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Other IRS files