Civic Intelligence

Somerset Isd Education Foundation

990 • Fiscal year 2024 • EIN 11-3841532

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 30, 2025

Organization ProfileSISDEF.COM
PO Box 34Somerset, TX 78069

(210) 750-8969

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

61st percentile

11%

Higher net margin than 61% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

37th percentile

-0.7%

Faster asset growth than 37% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-39%

Faster revenue growth than 8% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$674,307

Down $4,448 (-0.7%) from 2023

Net Assets

Down

$674,307

Down $4,448 (-0.7%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin61st percentile

Revenue

Down

$231,856

Down $149,666 (-39%) from 2023

Expenses

Down

$207,265

Down $417 (-0.2%) from 2023

Net Income

Down

$24,591

Down $149,249 (-86%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

2024

Assets$674,307
Liabilities$0
Net Assets$674,307
Open 2024 Filing

Operations Trend

Revenue Growth8th percentile

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

2024

Revenue$231,856
Expenses$207,265
Net Income$24,591
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 30, 2025
Return Version
2024v5.1
Gross Receipts
$270,106
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$378,833$422,383▲ $43,550
Cash and Non-Interest-Bearing Accounts$299,922$251,924▼ $47,998
Total Assets$678,755$674,307▼ $4,448
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$552,741$548,293▼ $4,448
Net Assets With Donor Restrictions$126,014$126,014→ $0
Total Net Assets Fund Balance$678,755$674,307▼ $4,448
Total Liabilities and Net Assets / Fund Balance$678,755$674,307▼ $4,448
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Dawn WhitePresident
Sandra RosalesVice President
Brad BalderramaBoard Member
Dr Saul HinojosaBoard Member
Frank PruskiBoard Member
Rebecca GonzalezBoard Member
Don GreenTrustee/VP Programs
Lydia HernandezNomination/governance
Dr Jose H MorenoSuperintendent/secretary
Roy BrownVP Finance
Michelle VillanuevaVP Marketing/events
Revenue and Support

Revenue Composition

Contributions and Grants
$116,595
Program Service Revenue
$0
Investment Income
$80,091
Other Revenue
$35,170
All Other Contributions
$116,595
Change in Net Assets
$24,591
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$172,834
Other Expenses$34,431
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$172,834--$172,834
All Other Expenses$17,877$4,712-$22,589
Other Expenses-$5,000-$5,000
Travel-$1,463-$1,463
Insurance-$1,380-$1,380
Fees for Services Accounting-$960-$960
Office Expenses-$757-$757
Advertising-$503-$503
Information Technology-$99-$99
Total Functional Expenses$190,711$16,554$0$207,265
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$73,420
Fundraising Direct Expenses$38,250
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$31,611$31,611$2,071$29,540
Casino Night$24,894$24,894$6,029$18,865
Total Events$73,420$73,420$38,250$35,170
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Chevy HernandezSee Part V BelowSee Part V BelowNo$700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
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
2107508969
Address
PO BOX 34, SOMERSET, TX 78069

Signing Officer

Name
Dawn White
Title
President
Phone
2107508969
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dawn White
Formed
2008
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Wm F Overstreet III CPA
Address
P O BOX 69, SOMERSET, TX 78069-0069
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 2021 112 / DESCRIPTIONUNUSED SCHOLARSHIP GRANTS 2021 4412. 2023 1217 DESCRIPTIONMISCELLANEOUS 2020 2868. 20211750. 2022 5000. 2023 5297. 2024 4126 DESCRIPTION ACADEMIC BANQUET SPONSOR XXX-XX-XXXX
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0116595
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01136
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0924
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01722
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt012890
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt017324
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt06514
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06274
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02868
IRS990ScheduleA/OtherIncome170Grp/TotalAmt037980
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96820
IRS990ScheduleA/PublicSupportPY170Pct00.97840
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0469915
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01547666
IRS990ScheduleA/TotalSupportAmt01598536
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/ScheduleBRequiredInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt03851
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt03452
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesOtherEventsAmt01930
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt09233
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt038250
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt0350
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0350
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CASINO NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03925
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt06031
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt01116
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt011072
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt031611
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt024894
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt016915
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt073420
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt031611
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt024894
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt016915
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt035170
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt01255
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09355
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02071
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt06029
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt04400
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt03840
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt08240
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt057376
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt164000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt251
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt351407
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/RecipientCnt028
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt161
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt21
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt3182
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 FOR 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
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CHEVY HERNANDEZ
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SEE PART V BELOW
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0700
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE PART V BELOW
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0DIRECTORS SPOUSE DIRECTOR - LYDIA HERNANDEZ CHEVY HERNANDEZ 700, CATERED EVENT FOR SISDEF IN DECEMBER 2024
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV Line 1
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/TotalAssetsBOYAmt0678755
IRS990/TotalAssetsEOYAmt0674307
IRS990/TotalAssetsGrp/BOYAmt0678755
IRS990/TotalAssetsGrp/EOYAmt0674307
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0116595
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016554
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0190711
IRS990/TotalFunctionalExpensesGrp/TotalAmt0207265
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0678755
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0674307
IRS990/TotalProgramServiceExpensesAmt0190711
IRS990/TotalRevenueGrp/ExclusionAmt035170

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$674,307
Liabilities
$0
Net assets
$674,307
Revenue
$231,856
Expenses
$207,265
Net income
$24,591
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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