Civic Intelligence

Somerset Isd Education Foundation

990 • Fiscal year 2023 • EIN 11-3841532

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 01, 2024

PO Box 34Somerset, TX 78069

(866) 852-9858

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

89th percentile

46%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

88th percentile

51%

Faster asset growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

47th percentile

5.6%

Faster revenue growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$678,755

Up $228,133 (+51%) from 2022

Net Assets

Up

$678,755

Up $228,133 (+51%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$381,522

Up $20,354 (+5.6%) from 2022

Expenses

Up

$207,682

Up $15,750 (+8.2%) from 2022

Net Income

Up

$173,840

Up $4,604 (+2.7%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2012: $33,706Liabilities 2012: $02012Assets 2013: $133,765Liabilities 2013: $02013Assets 2014: $114,630Liabilities 2014: $02014Assets 2015: $117,900Liabilities 2015: $02015Assets 2016: $280,374Liabilities 2016: $0Net Assets 2016: $280,3742016Assets 2017: $181,196Liabilities 2017: $0Net Assets 2017: $181,1962017Assets 2018: $180,529Liabilities 2018: $0Net Assets 2018: $180,5292018Assets 2019: $184,789Liabilities 2019: $0Net Assets 2019: $184,7892019Assets 2020: $223,904Liabilities 2020: $22,855Net Assets 2020: $201,0492020Assets 2021: $302,494Liabilities 2021: $22,855Net Assets 2021: $279,6392021Assets 2022: $450,622Liabilities 2022: $0Net Assets 2022: $450,6222022Assets 2023: $678,755Liabilities 2023: $0Net Assets 2023: $678,7552023Assets 2024: $674,307Liabilities 2024: $0Net Assets 2024: $674,3072024

Highlighted filing

2023

Assets$678,755
Liabilities$0
Net Assets$678,755

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $43,452Expenses 2012: $48,901Net Income 2012: -$5,4492012Revenue 2013: $46,430Expenses 2013: $38,679Net Income 2013: $7,7512013Revenue 2014: $51,780Expenses 2014: $68,864Net Income 2014: -$17,0842014Revenue 2015: $106,889Expenses 2015: $95,215Net Income 2015: $11,6742015Revenue 2016: $245,291Expenses 2016: $88,137Net Income 2016: $157,1542016Revenue 2017: $158,528Expenses 2017: $266,897Net Income 2017: -$108,3692017Revenue 2018: $134,805Expenses 2018: $138,309Net Income 2018: -$3,5042018Revenue 2019: $140,143Expenses 2019: $142,141Net Income 2019: -$1,9982019Revenue 2020: $517,089Expenses 2020: $509,526Net Income 2020: $7,5632020Revenue 2021: $332,039Expenses 2021: $268,344Net Income 2021: $63,6952021Revenue 2022: $361,168Expenses 2022: $191,932Net Income 2022: $169,2362022Revenue 2023: $381,522Expenses 2023: $207,682Net Income 2023: $173,8402023Revenue 2024: $231,856Expenses 2024: $207,265Net Income 2024: $24,5912024

Highlighted filing

2023

Revenue$381,522
Expenses$207,682
Net Income$173,840
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 1, 2024
Return Version
2023v4.0
Gross Receipts
$420,148
Mission and Program Overview

Mission

The somerset isd education foundations mission is to raise, manage, and distribute funds for scholarships and other educational programs for students of the somerset independent school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$133,496$378,833▲ $245,337
Cash and Non-Interest-Bearing Accounts$317,126$299,922▼ $17,204
Total Assets$450,622$678,755▲ $228,133
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$219,459$552,741▲ $333,282
Net Assets With Donor Restrictions$231,163$126,014▼ $105,149
Total Net Assets Fund Balance$450,622$678,755▲ $228,133
Total Liabilities and Net Assets / Fund Balance$450,622$678,755▲ $228,133
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad BalderramaBoard Member
Dr Ramiro NavaBoard Member
Dr Saul HinojosaBoard Member
Frank PruskiBoard Member
Mark HodgesBoard Member
Rev Janna HawesBoard Member
Susie PoolExecutive Director
Don GreenTrustee/member
Lydia HernandezNomination/governance
Dr Jose H MorenoSecretary
Roy BrownVP Finance
Michelle VillanuevaVP Marketing/events
Revenue and Support

Revenue Composition

Contributions and Grants
$337,662
Program Service Revenue
$0
Investment Income
$5,552
Other Revenue
$38,308
All Other Contributions
$337,662
Change in Net Assets
$173,840
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$164,343
Other Expenses$43,339
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$164,343--$164,343
All Other Expenses$18,120$14,756-$32,876
Fees for Services Accounting-$3,245-$3,245
Office Expenses-$2,458-$2,458
Insurance-$1,335-$1,335
Travel-$758-$758
Advertising-$669-$669
Other Expenses-$449-$449
Information Technology-$124-$124
Total Functional Expenses$182,463$25,219$0$207,682
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$76,934
Fundraising Direct Expenses$38,626
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$29,307$29,307$2,130$27,177
Casino Night$23,930$23,930$4,249$19,681
Total Events$76,934$76,934$38,626$38,308
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line LINE 11B

The form 990 is reviewed by the vp of finance and submitted to the board for review after filing

Filing and Contact Details

Filer

Filer Name
Somerset Isd Education Foundation
EIN
11-3841532
Phone
8668529858
Address
PO BOX 34, SOMERSET, TX 78069

Signing Officer

Name
Susie Pool Executive Director
Title
Executive Director
Phone
8668529858
Signed
2024-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susie Pool Executive Director
Formed
2008
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Wm F Overstreet III CPA
Address
2738 OAK ISLAND DR LOT 9, SAN ANTONIO, TX 78264
Preparer
William F Overstreet Iii C P a
Phone
2102759609
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part II Section B Line LN 10 DESCRIPTION UNUSED TEACHER INNOVATION GRANTS 2019 3851. 2021 112 / DESCRIPTIONUNUSED SCHOLARSHIP GRANTS 2021 4412. 2023 1217 DESCRIPTIONMISCELLANEOUS 2019 995. 2020 2868. 20211750. 2022 5000. 2023 5297
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0337662
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0321463
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0302031
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0469915
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0106652
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01537723
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03294
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01136
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0924
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01722
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01428
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt08504
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06514
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06274
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02868
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04846
IRS990ScheduleA/OtherIncome170Grp/TotalAmt025502
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97840
IRS990ScheduleA/PublicSupportPY170Pct00.97210
IRS990ScheduleA/PublicSupportTotal170Amt01537723
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0337662
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0321463
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0302031
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0469915
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0106652
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01537723
IRS990ScheduleA/TotalSupportAmt01571729
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt05348
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt02832
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesOtherEventsAmt01685
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt09865
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt038626
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt0350
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0350
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CASINO NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03599
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt03048
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt0522
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt07169
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt029307
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt023930
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt023697
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt076934
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt029307
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt023930
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt023697
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt076934
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt038308
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt03912
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt010291
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02130
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt04249
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt03375
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt02100
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt05476
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt010951
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt036682
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt153000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt2500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt374161
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TEACHER GRANTS AND AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1STUDENT SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2SCHOOL BOARD AWARDS AND GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3CORPORATE SPONSORED AWARDS AND GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt053
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt141
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt210
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt387
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ON AN ANNUAL BASIS, THE BOARD OF DIRECTORS DETERMINES AND APPROVES THE AMOUNT OF FUNDS THAT WILL BE DISIGNATED TOWARDS THESE PROGRAMS. THESE AMOUNTS ARE DETERMINED AND LISTED WITHIN THE ANNUAL BUDGET THAT GETS APPROVED BY THE BOARD. GRANT APPLICATIONS ARE SENT OUT VIA EMAIL TO ALL SOMERSET ISD STAFF FO AN OPPORTUNITY TO APPLY. SCHOLARSHIP APPLICATIONS ARE MAILED OUT TO ALL SOMERSET ISD SENIORS FOR AN OPPORTUNITY TO APPLY. THE GRANT AND SCHOLARSHIP APPLICATIONS BOTH HAVE GUIDELINES AND A PROCESS THAT HAS BEEN IN PLACE AND WAS DETERMINED BY THE BOARD MEMBERS WHEN THE FOUNDATION WAS ESTABLISHED. BOTH ARE THOROUGHLY REVIEWED BY A SELECTION COMMITTEE MADE UP OF BOARD MEMBERS, STAFF AND COMMUNITY MEMBERS. THE NUMBER OF RECIPIENTS IS CONTINGENT ON THE AMOUNT OF FUNDS WHICH HAVE BEEN DISIGNATED WITHIN THE APPLICATION PERIOD. RECIPIENTS FOR GRANTS ARE NOTIFIED VIA OUR ANNUAL SURPRISE PATROL AND SCHOLARSHIP RECIPIENTS ARE NOTIFIED AT THE ANNUAL SENIOR WALK. THUS FAR THE PROCESS FOR BOTH GRANTS AND SCHOLARSHIPS HAS PROVEN TO BE EFFECTIVE AND EFFICIENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE VP OF FINANCE AND SUBMITTED TO THE BOARD FOR REVIEW AFTER FILING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line LINE 11B
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0450622
IRS990/TotalAssetsEOYAmt0678755
IRS990/TotalAssetsGrp/BOYAmt0450622
IRS990/TotalAssetsGrp/EOYAmt0678755
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0337662
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025219
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0182463
IRS990/TotalFunctionalExpensesGrp/TotalAmt0207682
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0450622
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0678755
IRS990/TotalProgramServiceExpensesAmt0182463
IRS990/TotalRevenueGrp/ExclusionAmt038308
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03294
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0381522

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.74$0.00$6.74$2.32$2.07$0.25
2023Detailed filing. Detailed filing data is available for this year.$6.79$0.00$6.79$3.82$2.08$1.74
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.51$0.00$4.51$3.61$1.92$1.69
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.02$0.23$2.80$3.32$2.68$0.64
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.23$2.01$5.17$5.10$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.00$1.85$1.40$1.42$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$0.00$1.81$1.35$1.38$0.04
2017Summary only. Only limited summary data is available for this year.$1.81$0.00$1.81$1.59$2.67$1.08
2016Summary only. Only limited summary data is available for this year.$2.80$0.00$2.80$2.45$0.88$1.57
2015Summary only. Only limited summary data is available for this year.$1.18$0.00$1.07$0.95$0.12
2014Summary only. Only limited summary data is available for this year.$1.15$0.00$0.52$0.69$0.17
2013Summary only. Only limited summary data is available for this year.$1.34$0.00$0.46$0.39$0.08
2012Summary only. Only limited summary data is available for this year.$0.34$0.00$0.43$0.49$0.05