Civic Intelligence

Somerset Academy Inc.

990 • Fiscal year 2025 • EIN 31-1569428

Jul 01, 2024 to Jun 30, 2025 • Filed on Mar 30, 2026

Organization ProfileWWW.SOMERSETACADEMYSCHOOLS.COM
6340 Sunset DriveMiami, FL 33143

(305) 669-2906

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.59x

Higher debt load relative to assets than 82% of similar nonprofits.

2025 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

74th percentile

0.91x

Higher debt load relative to revenue than 74% of similar nonprofits.

2025 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

52nd percentile

8.1%

Higher net margin than 52% of similar nonprofits.

2025 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

8th percentile

$245,726

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2025 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

35th percentile

3.8%

Faster asset growth than 35% of similar nonprofits.

2025 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

10th percentile

-14%

Faster revenue growth than 10% of similar nonprofits.

2025 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$665,247,185

Up $24,328,979 (+3.8%) from 2024

Net Assets

Up

$275,599,754

Up $34,758,237 (+14%) from 2024

Liabilities

Down

$389,647,431

Down $10,429,258 (-2.6%) from 2024

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin52nd percentile

Revenue

Down

$429,843,272

Down $68,526,949 (-14%) from 2024

Expenses

Up

$395,085,035

Up $16,477,477 (+4.4%) from 2024

Net Income

Down

$34,758,237

Down $85,004,426 (-71%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$800M$600M$400M$200M$0Assets 2016: $68,779,637Liabilities 2016: $14,198,698Net Assets 2016: $54,580,9392016Assets 2017: $79,316,937Liabilities 2017: $15,470,090Net Assets 2017: $63,846,8472017Assets 2018: $112,671,568Liabilities 2018: $38,705,398Net Assets 2018: $73,966,1702018Assets 2019: $147,831,589Liabilities 2019: $73,188,181Net Assets 2019: $74,643,4082019Assets 2020: $154,096,220Liabilities 2020: $77,201,220Net Assets 2020: $76,895,0002020Assets 2021: $197,106,992Liabilities 2021: $93,307,762Net Assets 2021: $103,799,2302021Assets 2022: $514,166,798Liabilities 2022: $409,963,720Net Assets 2022: $104,203,0782022Assets 2023: $546,057,670Liabilities 2023: $424,978,816Net Assets 2023: $121,078,8542023Assets 2024: $640,918,206Liabilities 2024: $400,076,689Net Assets 2024: $240,841,5172024Assets 2025: $665,247,185Liabilities 2025: $389,647,431Net Assets 2025: $275,599,7542025

Highlighted filing

2025

Assets$665,247,185
Liabilities$389,647,431
Net Assets$275,599,754
Open 2025 Filing

Operations Trend

Revenue Growth10th percentile

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

$600M$400M$200M$0Revenue 2016: $147,678,429Expenses 2016: $137,534,208Net Income 2016: $10,144,2212016Revenue 2017: $159,670,507Expenses 2017: $150,404,599Net Income 2017: $9,265,9082017Revenue 2018: $195,358,388Expenses 2018: $185,653,647Net Income 2018: $9,704,7412018Revenue 2019: $224,877,351Expenses 2019: $224,200,113Net Income 2019: $677,2382019Revenue 2020: $251,355,560Expenses 2020: $249,353,491Net Income 2020: $2,002,0692020Revenue 2021: $293,901,770Expenses 2021: $266,814,660Net Income 2021: $27,087,1102021Revenue 2022: $324,310,430Expenses 2022: $320,728,209Net Income 2022: $3,582,2212022Revenue 2023: $372,140,972Expenses 2023: $355,265,196Net Income 2023: $16,875,7762023Revenue 2024: $498,370,221Expenses 2024: $378,607,558Net Income 2024: $119,762,6632024Revenue 2025: $429,843,272Expenses 2025: $395,085,035Net Income 2025: $34,758,2372025

Highlighted filing

2025

Revenue$429,843,272
Expenses$395,085,035
Net Income$34,758,237
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 30, 2026
Return Version
2024v5.5
Gross Receipts
$429,843,272
Mission and Program Overview

Mission

Established as charter school operator in district school boards of miami-dade, broward county, palm beach county, duval county, st. Lucie county, and texas state board of education. Somerset academy, inc. Is dedicated to providing equitable, high-quality education for all students, and promotes a culture that maximizes student achievement and fosters the development of accountable, 21st century learners in a safe and enriching environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$178,639,884$243,230,704▲ $64,590,820
Land, Buildings, and Equipment, Net$83,156,617$85,204,770▲ $2,048,153
Prepaid Expenses and Deferred Charges$3,244,972$3,892,507▲ $647,535
Accounts Receivable$257,764$476,253▲ $218,489
Total Assets$640,918,206$665,247,185▲ $24,328,979
Other Assets Total$375,618,969$332,442,951▼ $43,176,018
Liabilities
Other Liabilities$329,679,765$328,513,862▼ $1,165,903
Tax Exempt Bond Liabilities$50,100,161$48,935,856▼ $1,164,305
Accounts Payable and Accrued Expenses$17,881,749$11,171,721▼ $6,710,028
Mortgage Notes Payable Secured by Investment Property$1,574,217$1,025,992▼ $548,225
Deferred Revenue$840,797--
Total Liabilities$400,076,689$389,647,431▼ $10,429,258
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$220,106,337$256,770,043▲ $36,663,706
Net Assets With Donor Restrictions$20,735,180$18,829,711▼ $1,905,469
Total Net Assets Fund Balance$240,841,517$275,599,754▲ $34,758,237
Total Liabilities and Net Assets / Fund Balance$640,918,206$665,247,185▲ $24,328,979

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$55,161,574$24,765,568$79,927,142
Equipment$12,924,504$27,564,677$40,489,181
Land$13,497,282-$13,497,282
Other Land Buildings$3,621,410$1,941,080$5,562,490
Other Assets Org$206,367--
Compensation and Service Providers
Top Officer Pay8th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Bernardo MonteroPresidentFT$245,726$245,726
KERRI ANN O'SULLIVANEmployeeFT$224,000$224,000
Suzette RuizVice-presidentFT$210,250$210,250
Cecilia GuilarteEmployeeFT$178,094$178,094
Alexandra PrietoEmployeeFT$167,352$167,352
Erika RainsEmployeeFT$167,023$167,023
Donyale McgheeEmployee-$165,049$165,049

Board Members and Trustees

NameTitle
Todd GermanDirector, Chairman & Treasurer
Ana DiazDirector, Secretary & Vice-chair
Brian Matthew CoxDirector
David ConcepcionDirector
Taylor SmithDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Adp Total SourcePayroll Provider10200 SW SUNSET DRIVE, Miami, FL 33173$190,506,094
Academica Broward LLCEducational Support ProviderACADEMICA BROWARD LLC, Miami, FL 33143$9,518,248
Academica Dade LLCEducational Support Provider6340 SUNSET DRIVE, Miami, FL 33143$6,527,077
Cheney Brothers INCFood Provider1 CHENEY WAY, Riviera Beach, FL 33404$5,288,321
It Sawy LLCIt Services ProviderPO BOX 3296 GLEN ELLYN, Illinois, IL 60138$4,674,912
Revenue and Support

Revenue Composition

Contributions and Grants
$395,960,871
Program Service Revenue
$23,771,609
Investment Income
$9,346,938
Other Revenue
$763,854
All Other Contributions
$588,202
Change in Net Assets
$34,758,237

Audited Revenue Reconciliation

Revenue per Audited Statements
$429,843,272
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$429,843,272
Total Revenue per Form 990
$429,843,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$216,698,770
Other Expenses$178,261,265
Grants and Similar Amounts Paid$125,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$156,319,024$24,478,089-$180,797,113
Occupancy$49,676,421$4,205-$49,680,626
All Other Expenses$27,523,311$6,306,188-$33,829,499
Other Employee Benefits$25,888,686$3,737,443-$29,626,129
Fees for Services Other$16,928,324$326,781-$17,255,105
Fees for Services Management$9,309,407$4,752,494-$14,061,901
Depreciation Depletion$9,829,220$354,454-$10,183,674
Other Expenses$7,734,269$308,334-$7,734,269
Pension Plan Contributions$5,457,288$818,240-$6,275,528
Insurance$3,734,755$44,981-$3,779,736
Interest$3,693,311--$3,693,311
Information Technology$1,847,139$52,546-$1,899,685
Travel$1,197,073$69,096-$1,266,169
Fees for Services Accounting$36,500$932,888-$969,388
Fees for Services Legal$339,886$574,350-$914,236
Advertising$229,090$623-$229,713
Grants to Domestic Orgs$125,000--$125,000
Total Functional Expenses$352,324,323$42,760,712$0$395,085,035

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$395,085,035
Total Expenses per Audited Statements$395,085,035
Total Expenses per Form 990$395,085,035
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Collegiate Preparatory AcademyMiami, FL501(c)3To Support Education$125,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability Long Term$284,383,904
Lease Liability Short Term$24,910,784
Accrued Salaries and Wages$19,219,174

Bond Issues

BondIssuerIssuedIssue PricePurpose
AArlingon Higher Education Finance Corporation2021-04-19$44,375,567Fund capital improvements
BMiami-dade County Industrial Development Authority2017-12-06$12,000,000Fund capital improvements

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$44,375,567--$885,564
B$12,000,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Academica dade llc, academica broward llc,and academica southwest llc, educational service and support provider companies, provide professional services and related support to public charter schools, including, but not limited to, academic support, facility development and compliance, human resource and payroll coordination, regulatory compliance, legal and corporate upkeep, bookkeeping and accounting, budgeting, and financial reporting.”

Form 990, Part VI, Section B, Line 11B

“The organization reviews the contents of the form 990 before submitting to internal revenue service.”

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section B, Line 15

“During the determination of compensation of officers or key employees, the organization reviews the officer's contract, budget, and performance.”

Form 990, Part VI, Section C, Line 18

“This information is available to the public via www.guidestar.org.”

Form 990, Part VI, Section C, Line 19

“This information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Somerset Academy Inc
EIN
31-1569428
Phone
3056692906
Address
6340 SUNSET DRIVE, MIAMI, FL 33143

Signing Officer

Name
Todd German
Title
Board Chair
Phone
3056692906
Signed
2026-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd German
Formed
1997
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
4,252
Volunteers
6,953

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 Habor Election

“Somerset academy inc 6340 sunset drive miami, fl 33143 ein:31-1569428 for the year ending june 30, 2025 somerset academy inc is making the minimis safe habor election under reg.sec.1.263(a)-1(f).”

Section 1.263(A)-1(N) Election

“Somerset academy inc 6340 sunset drive miami, fl 33143 ein:31-1569428 for the year ending june 30, 2025 somerset academy inc is electing to capitalize repairs and maintenance costs under reg.sec.1.263(a)-1(n).”

Raw XML AppendixShowing 400 of 776 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt017881749
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011171721
IRS990/AccountsReceivableGrp/BOYAmt0257764
IRS990/AccountsReceivableGrp/EOYAmt0476253
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ESTABLISHED AS CHARTER SCHOOL OPERATOR IN DISTRICT SCHOOL BOARDS OF MIAMI-DADE, BROWARD COUNTY, PALM BEACH COUNTY, DUVAL COUNTY, ST. LUCIE COUNTY, AND TEXAS STATE BOARD OF EDUCATION. SOMERSET ACADEMY, INC. IS DEDICATED TO PROVIDING EQUITABLE, HIGH-QUALITY EDUCATION FOR ALL STUDENTS, AND PROMOTES A CULTURE THAT MAXIMIZES STUDENT ACHIEVEMENT AND FOSTERS THE DEVELOPMENT OF ACCOUNTABLE, 21ST CENTURY LEARNERS IN A SAFE AND ENRICHING ENVIRONMENT.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0623
IRS990/AdvertisingGrp/ProgramServicesAmt0229090
IRS990/AdvertisingGrp/TotalAmt0229713
IRS990/AllOtherContributionsAmt0588202
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt06306188
IRS990/AllOtherExpensesGrp/ProgramServicesAmt027523311
IRS990/AllOtherExpensesGrp/TotalAmt033829499
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ANA MARIA MARTINEZ
IRS990/BooksInCareOfDetail/PhoneNum03056692906
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06340 SUNSET DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MIAMI
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd033143
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0178639884
IRS990/CashNonInterestBearingGrp/EOYAmt0243230704
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt0160
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0190506094
IRS990/ContractorCompensationGrp/CompensationAmt19518248
IRS990/ContractorCompensationGrp/CompensationAmt26527077
IRS990/ContractorCompensationGrp/CompensationAmt35288321
IRS990/ContractorCompensationGrp/CompensationAmt44674912
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt010200 SW SUNSET DRIVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1ACADEMICA BROWARD LLC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt26340 SUNSET DRIVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt31 CHENEY WAY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4PO BOX 3296 GLEN ELLYN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0MIAMI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1MIAMI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2MIAMI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3RIVIERA BEACH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4ILLINOIS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd033173
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd133143
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd233143
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd333404
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd460138
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ADP TOTAL SOURCE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1ACADEMICA BROWARD LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2ACADEMICA DADE LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3CHENEY BROTHERS INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4IT SAWY LLC
IRS990/ContractorCompensationGrp/ServicesDesc0PAYROLL PROVIDER
IRS990/ContractorCompensationGrp/ServicesDesc1EDUCATIONAL SUPPORT PROVIDER
IRS990/ContractorCompensationGrp/ServicesDesc2EDUCATIONAL SUPPORT PROVIDER
IRS990/ContractorCompensationGrp/ServicesDesc3FOOD PROVIDER
IRS990/ContractorCompensationGrp/ServicesDesc4IT SERVICES PROVIDER
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0395960871
IRS990/CYGrantsAndSimilarPaidAmt0125000
IRS990/CYInvestmentIncomeAmt09346938
IRS990/CYOtherExpensesAmt0178261265
IRS990/CYOtherRevenueAmt0763854
IRS990/CYProgramServiceRevenueAmt023771609
IRS990/CYRevenuesLessExpensesAmt034758237
IRS990/CYSalariesCompEmpBnftPaidAmt0216698770
IRS990/CYTotalExpensesAmt0395085035
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0429843272
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0840797
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0354454
IRS990/DepreciationDepletionGrp/ProgramServicesAmt09829220
IRS990/DepreciationDepletionGrp/TotalAmt010183674
IRS990/Desc0PROVIDES EDUCATION FOR CHILDREN FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. FOR THE FISCAL YEAR ENDED JUNE 30, 2025 33,000 STUDENTS WERE ENROLLED.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt020735180
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt018829711
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt04252
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt0352324323
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0932888
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt036500
IRS990/FeesForServicesAccountingGrp/TotalAmt0969388
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0574350
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0339886
IRS990/FeesForServicesLegalGrp/TotalAmt0914236
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt04752494
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt09309407
IRS990/FeesForServicesManagementGrp/TotalAmt014061901
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0326781
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt016928324
IRS990/FeesForServicesOtherGrp/TotalAmt017255105
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0TODD GERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1ANA DIAZ
IRS990/Form990PartVIISectionAGrp/PersonNm2BRIAN MATTHEW COX
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID CONCEPCION
IRS990/Form990PartVIISectionAGrp/PersonNm4TAYLOR SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm5BERNARDO MONTERO
IRS990/Form990PartVIISectionAGrp/PersonNm6SUZETTE RUIZ
IRS990/Form990PartVIISectionAGrp/PersonNm7ERIKA RAINS
IRS990/Form990PartVIISectionAGrp/PersonNm8ALEXANDRA PRIETO
IRS990/Form990PartVIISectionAGrp/PersonNm9KERRI ANN O'SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm10CECILIA GUILARTE
IRS990/Form990PartVIISectionAGrp/PersonNm11DONYALE MCGHEE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5245726
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6210250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7167023
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8167352
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9224000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10178094
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11165049
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR, CHAIRMAN & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR, SECRETARY & VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11EMPLOYEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0395372669
IRS990/GrantAmt0125000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0125000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0125000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0429843272
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt081
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt052546
IRS990/InformationTechnologyGrp/ProgramServicesAmt01847139
IRS990/InformationTechnologyGrp/TotalAmt01899685
IRS990/InsuranceGrp/ManagementAndGeneralAmt044981
IRS990/InsuranceGrp/ProgramServicesAmt03734755
IRS990/InsuranceGrp/TotalAmt03779736
IRS990/InterestGrp/ProgramServicesAmt03693311
IRS990/InterestGrp/TotalAmt03693311
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt09346938
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09346938
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt0515
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt054271325
IRS990/LandBldgEquipBasisNetGrp/BOYAmt083156617
IRS990/LandBldgEquipBasisNetGrp/EOYAmt085204770
IRS990/LandBldgEquipCostOrOtherBssAmt0139476095
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ESTABLISHED AS CHARTER SCHOOL OPERATOR IN DISTRICT SCHOOL BOARDS OF MIAMI-DADE, BROWARD COUNTY, PALM BEACH COUNTY, DUVAL COUNTY, ST. LUCIE COUNTY, AND TEXAS STATE BOARD OF EDUCATION. SOMERSET ACADEMY, INC. IS DEDICATED TO PROVIDING EQUITABLE, HIGH-QUALITY EDUCATION FOR ALL STUDENTS, AND PROMOTES A CULTURE THAT MAXIMIZES STUDENT ACHIEVEMENT AND FOSTERS THE DEVELOPMENT OF ACCOUNTABLE, 21ST CENTURY LEARNERS IN A SAFE AND ENRICHING ENVIRONMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01574217
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01025992
IRS990/NetAssetsOrFundBalancesBOYAmt0240841517
IRS990/NetAssetsOrFundBalancesEOYAmt0275599754
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0220106337
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0256770043
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04205
IRS990/OccupancyGrp/ProgramServicesAmt049676421
IRS990/OccupancyGrp/TotalAmt049680626
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0375618969
IRS990/OtherAssetsTotalGrp/EOYAmt0332442951
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03737443
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt025888686
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029626129
IRS990/OtherExpensesGrp/Desc0WORKBOOKS & LICENSES
IRS990/OtherExpensesGrp/Desc1COMMUNITY ENRICHMENT AC
IRS990/OtherExpensesGrp/Desc2AFTERCARE EXPENSES
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0308334
IRS990/OtherExpensesGrp/ProgramServicesAmt014236815
IRS990/OtherExpensesGrp/ProgramServicesAmt19362745
IRS990/OtherExpensesGrp/ProgramServicesAmt28856059
IRS990/OtherExpensesGrp/ProgramServicesAmt37734269
IRS990/OtherExpensesGrp/TotalAmt014545149
IRS990/OtherExpensesGrp/TotalAmt19362745
IRS990/OtherExpensesGrp/TotalAmt28856059
IRS990/OtherExpensesGrp/TotalAmt37734269
IRS990/OtherLiabilitiesGrp/BOYAmt0329679765
IRS990/OtherLiabilitiesGrp/EOYAmt0328513862
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0763854
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0763854
IRS990/OtherRevenueTotalAmt0763854
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt024478089
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0156319024
IRS990/OtherSalariesAndWagesGrp/TotalAmt0180797113
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0818240
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05457288
IRS990/PensionPlanContributionsGrp/TotalAmt06275528
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03244972
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03892507
IRS990/PrincipalOfficerNm0TODD GERMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SVCS: COMMUNITY SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SVCS: INSTRUCTION SERVICE
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAM SVCS: LUNCH FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011392513
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110601738
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21777358
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011392513
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110601738
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21777358
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0451103972
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010634011
IRS990/PYOtherExpensesAmt0178006606
IRS990/PYOtherRevenueAmt09963713
IRS990/PYProgramServiceRevenueAmt026668525
IRS990/PYRevenuesLessExpensesAmt0119762663
IRS990/PYSalariesCompEmpBnftPaidAmt0200600952
IRS990/PYTotalExpensesAmt0378607558
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0498370221
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt034758237
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt033882401
IRS990ScheduleA/SchoolInd0X
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt055161574
IRS990ScheduleD/BuildingsGrp/DepreciationAmt024765568
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt079927142
IRS990ScheduleD/EquipmentGrp/BookValueAmt012924504
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027564677
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt040489181
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0395085035
IRS990ScheduleD/LandGrp/BookValueAmt013497282
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt013497282
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0475734
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt129738408
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt211650977
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3251945946
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt430954214
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt57471305
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt6206367
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM GOVERNMENTAL AGENCIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM OTHER DIVISIONS OF SOMERSET ACADEMY, INC.
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RIGHT OF USE LEASE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RIGHT OF USE OPERATING LEASE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5OTHER LONG TERM ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6DUE FROM AFFILIATES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03621410
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01941080
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05562490
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024910784
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1284383904
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt219219174

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$665,247,185
Liabilities
$389,647,431
Net assets
$275,599,754
Revenue
$429,843,272
Expenses
$395,085,035
Net income
$34,758,237
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$665$390$276$430$395$34.8
2024Detailed filing. Detailed filing data is available for this year.$641$400$241$498$379$120
2023Detailed filing. Detailed filing data is available for this year.$546$425$121$372$355$16.9
2022Detailed filing. Detailed filing data is available for this year.$514$410$104$324$321$3.58
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$197$93.3$104$294$267$27.1
2020Detailed filing. Detailed filing data is available for this year.$154$77.2$76.9$251$249$2.00
2019Detailed filing. Detailed filing data is available for this year.$148$73.2$74.6$225$224$0.68
2018Detailed filing. Detailed filing data is available for this year.$113$38.7$74.0$195$186$9.70
2017Detailed filing. Detailed filing data is available for this year.$79.3$15.5$63.8$160$150$9.27
2016Detailed filing. Detailed filing data is available for this year.$68.8$14.2$54.6$148$138$10.1