Civic Intelligence

Somerset Gables Parents Association Inc

EIN 27-4573012 • 501(c)3 • Coral Gables, FL

Profile

The mission of the foundation is to enhance the academic and personal growth of somerset grace academy students through a partnership between the foundation and the charter schools.

624 Anastasia AveCoral Gables, FL 33134

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

91st percentile

55%

Higher net margin than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

96th percentile

234%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

23%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$98,753

Up $69,162 (+234%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$98,753

Up $69,162 (+234%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin91st percentile

Revenue

Up

$125,133

Up $23,690 (+23%) from 2023

Expenses

Down

$55,971

Down $93,117 (-62%) from 2023

Net Income

Up

$69,162

Up $116,807 (+245%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2014: $115,197Liabilities 2014: $0Net Assets 2014: $115,1972014Assets 2015: $183,096Liabilities 2015: $0Net Assets 2015: $183,0962015Assets 2016: $177,637Liabilities 2016: $0Net Assets 2016: $177,6372016Assets 2017: $106,914Liabilities 2017: $0Net Assets 2017: $106,9142017Assets 2018: $68,694Liabilities 2018: $0Net Assets 2018: $68,6942018Assets 2019: $39,614Liabilities 2019: $0Net Assets 2019: $39,6142019Assets 2020: $11,985Liabilities 2020: $0Net Assets 2020: $11,9852020Assets 2021: $90,797Liabilities 2021: $0Net Assets 2021: $90,7972021Assets 2022: $77,236Liabilities 2022: $0Net Assets 2022: $77,2362022Assets 2023: $29,591Liabilities 2023: $0Net Assets 2023: $29,5912023Assets 2024: $98,753Liabilities 2024: $0Net Assets 2024: $98,7532024

Highlighted filing

2024

Assets$98,753
Liabilities$0
Net Assets$98,753
Open 2024 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2014: $171,116Expenses 2014: $164,662Net Income 2014: $6,4542014Revenue 2015: $182,833Expenses 2015: $114,934Net Income 2015: $67,8992015Revenue 2016: $163,621Expenses 2016: $169,080Net Income 2016: -$5,4592016Revenue 2017: $77,358Expenses 2017: $148,081Net Income 2017: -$70,7232017Revenue 2018: $131,617Expenses 2018: $169,837Net Income 2018: -$38,2202018Revenue 2019: $100,760Expenses 2019: $129,840Net Income 2019: -$29,0802019Revenue 2020: $111,856Expenses 2020: $139,485Net Income 2020: -$27,6292020Revenue 2021: $171,672Expenses 2021: $92,860Net Income 2021: $78,8122021Revenue 2022: $124,337Expenses 2022: $137,898Net Income 2022: -$13,5612022Revenue 2023: $101,443Expenses 2023: $149,088Net Income 2023: -$47,6452023Revenue 2024: $125,133Expenses 2024: $55,971Net Income 2024: $69,1622024

Highlighted filing

2024

Revenue$125,133
Expenses$55,971
Net Income$69,162
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$98,753
Liabilities
$0
Net assets
$98,753
Revenue
$125,133
Expenses
$55,971
Net income
$69,162
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$1.25$0.56$0.69
2023Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$1.01$1.49$0.48
2022Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$1.24$1.38$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$1.72$0.93$0.79
2020Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$1.12$1.39$0.28
2019Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$1.01$1.30$0.29
2018Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$1.32$1.70$0.38
2017Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.77$1.48$0.71
2016Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$1.64$1.69$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.83$1.83$1.15$0.68
2014Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$1.71$1.65$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$125,133
Mission and Program Overview

Mission

The purpose of the somerset gables parents association is to enchance and maximize the educational experience of every child enrolled in somerset grace academy, coral gables:-promoting open communication and understanding between parents and staff at somerset gables.-sponsoring assistance to teachers in classroom settings.-holding fundraisers for supplemental educational materials and experiences.-supporting school and family social interaction and;-providing a non-biased forum for sharing information on issues that impact our children.

Somerset gables parents association is a not-for-profit organization that provides support to somerset grace academy to enchance and maximize the education experience for every child enrolled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$29,591$98,753▲ $69,162
Total Assets$29,591$98,753▲ $69,162
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,591$98,753▲ $69,162
Total Net Assets Fund Balance$29,591$98,753▲ $69,162
Total Liabilities and Net Assets / Fund Balance$29,591$98,753▲ $69,162
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Jennifer Lopez-poncePresident
Natalia MullaneyVice President
Adriana EcheverriSecretary
Esnihide IglesiasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$125,133
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$124,693
Change in Net Assets
$69,162
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$55,971
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$889--$889
Advertising$680--$680
Other Expenses$61--$61
Total Functional Expenses$55,971$0$0$55,971
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Yes
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, Section B, Line 11B

“Bookkeeper, along with contracted cpa firm, works together to prepare the tax return, which is reviewed by the board's president before issuance.”

Form 990, Part VI, Section B, Line 12

“The organization requires that all officers and/or directors disclose any activity that may be a conflict of interest.”

Form 990, Part VI, Section C, Line 19

“This information is available on guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Somerset Gables Parents Association Inc
EIN
27-4573012
Phone
3056989900
Address
624 ANASTASIA AVE, CORAL GABLES, FL 33134

Signing Officer

Name
Jennifer Lopez-ponce
Title
President
Phone
3056989900
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Lopez-ponce
Formed
2010
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
7

Preparer

Firm
Hlb Gravier Llp
Address
4000 PONCE DE LEON BLVD SUITE 610, CORAL GABLES, FL 33146
Preparer
Leonardo D Gravier
Phone
3054463022
Supplemental Narrative

Additional Explanations

Section 1.263(A)-1(F) De Minimis Safe Harbor Election

“Somerset gables parents association, inc 624 anastasia ave coral gables, fl 33134 employer identification number: 27-4573012 for the year ending june 30, 2024 somerset gables parents association, inc is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f)”

Section 1.263(A)-3(N) Election

“Somerset gables parents association, inc 624 anastasia ave coral gables, fl 33134 employer identification number: 27-4573012 for the year ending june 30, 2024 somerset gables parents association, inc is electing to capitalize repair and maintenance costs under reg. Sec. 1.263(a)-3(n).”

Raw XML Appendix288 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0SOMERSET GABLES PARENTS ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES SUPPORT TO SOMERSET GRACE ACADEMY TO ENCHANCE AND MAXIMIZE THE EDUCATION EXPERIENCE FOR EVERY CHILD ENROLLED.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/LoanOutstandingInd00
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IRS990/MethodOfAccountingCashInd0X
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IRS990/MissionDesc0THE MISSION OF THE FOUNDATION IS TO ENHANCE THE ACADEMIC AND PERSONAL GROWTH OF SOMERSET GRACE ACADEMY STUDENTS THROUGH A PARTNERSHIP BETWEEN THE FOUNDATION AND THE CHARTER SCHOOLS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES THAT ALL OFFICERS AND/OR DIRECTORS DISCLOSE ANY ACTIVITY THAT MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS INFORMATION IS AVAILABLE ON GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SOMERSET GABLES PARENTS ASSOCIATION, INC 624 ANASTASIA AVE CORAL GABLES, FL 33134 EMPLOYER IDENTIFICATION NUMBER: 27-4573012 FOR THE YEAR ENDING JUNE 30, 2024 SOMERSET GABLES PARENTS ASSOCIATION, INC IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SOMERSET GABLES PARENTS ASSOCIATION, INC 624 ANASTASIA AVE CORAL GABLES, FL 33134 EMPLOYER IDENTIFICATION NUMBER: 27-4573012 FOR THE YEAR ENDING JUNE 30, 2024 SOMERSET GABLES PARENTS ASSOCIATION, INC IS ELECTING TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N).
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4SECTION 1.263(A)-3(N) ELECTION
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IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033134
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER LOPEZ-PONCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03056989900
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOMERSET GABLES PARENTS ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SOME
ReturnHeader/Filer/EIN0274573012
ReturnHeader/Filer/PhoneNum03056989900
ReturnHeader/Filer/USAddress/AddressLine1Txt0624 ANASTASIA AVE
ReturnHeader/Filer/USAddress/CityNm0CORAL GABLES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033134
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204946415
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HLB GRAVIER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04000 PONCE DE LEON BLVD SUITE 610
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORAL GABLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033146
ReturnHeader/PreparerPersonGrp/PhoneNum03054463022
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEONARDO D GRAVIER
ReturnHeader/ReturnTs02025-05-15T15:02:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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