Civic Intelligence

Somerset Academy Foundation Inc.

990EZ • Fiscal year 2016 • EIN 46-4129017

Jul 01, 2015 to Jun 30, 2016 • Filed on May 04, 2017

Organization ProfileN/A
20805 Johnson StPembroke Pines, FL 33029

(305) 669-2906

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.86x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

2.95x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

92nd percentile

52%

Higher net margin than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

99th percentile

5488%

Faster asset growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$17,100

Up $16,794 (+5488%) from 2015

Net Assets

$2,338

No earlier filing loaded for comparison.

Liabilities

Up

$14,762

Up $14,201 (+2531%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin92nd percentile

Revenue

Up

$5,000

Up $5,000 from 2015

Expenses

Up

$2,407

Up $2,407 from 2015

Net Income

Up

$2,593

Up $2,593 from 2015

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$40M$30M$20M$10M$0Assets 2014: $306Liabilities 2014: $5612014Assets 2015: $306Liabilities 2015: $5612015Assets 2016: $17,100Liabilities 2016: $14,762Net Assets 2016: $2,3382016Assets 2017: $7,313,933Liabilities 2017: $7,284,477Net Assets 2017: $29,4562017Assets 2018: $7,573,755Liabilities 2018: $7,264,547Net Assets 2018: $309,2082018Assets 2019: $17,717,921Liabilities 2019: $17,559,108Net Assets 2019: $158,8132019Assets 2020: $17,789,167Liabilities 2020: $17,269,815Net Assets 2020: $519,3522020Assets 2021: $17,885,809Liabilities 2021: $17,024,065Net Assets 2021: $861,7442021Assets 2022: $29,085,662Liabilities 2022: $27,934,719Net Assets 2022: $1,150,9432022Assets 2023: $31,810,445Liabilities 2023: $28,975,533Net Assets 2023: $2,834,9122023Assets 2024: $34,110,451Liabilities 2024: $30,547,674Net Assets 2024: $3,562,7772024

Highlighted filing

2016

Assets$17,100
Liabilities$14,762
Net Assets$2,338
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $238Expenses 2014: $493Net Income 2014: -$2552014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $5,000Expenses 2016: $2,407Net Income 2016: $2,5932016Revenue 2017: $399,446Expenses 2017: $372,328Net Income 2017: $27,1182017Revenue 2018: $466,933Expenses 2018: $187,181Net Income 2018: $279,7522018Revenue 2019: $1,111,991Expenses 2019: $1,262,386Net Income 2019: -$150,3952019Revenue 2020: $1,389,607Expenses 2020: $1,029,068Net Income 2020: $360,5392020Revenue 2021: $1,359,200Expenses 2021: $1,016,808Net Income 2021: $342,3922021Revenue 2022: $1,771,098Expenses 2022: $1,454,136Net Income 2022: $316,9622022Revenue 2023: $3,493,383Expenses 2023: $1,809,414Net Income 2023: $1,683,9692023Revenue 2024: $3,156,461Expenses 2024: $2,428,596Net Income 2024: $727,8652024

Highlighted filing

2016

Revenue$5,000
Expenses$2,407
Net Income$2,593
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 4, 2017
Return Version
2015v3.0
Gross Receipts
$5,000
Mission and Program Overview

Mission

Somerset academy foundation, inc. Serves as a type 1 supporting organization for somerset academy, inc., a section 501(c)(3) tax-exempt organization that operates charter schools in miami-dade county, florida.

Program Services

DescriptionGrantsExpenses
SOMERSET ACADEMY FOUNDATION, INC. IS A SUPPORTING ORGANIZATION TO THE OPERATIONS OF SOMERSET ACADEMY CHARTER SCHOOLS AND THE DEVELOPMENT OF THEIR NEW SCHOOL FACILITY.$0$0
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID CONCEPCIONDirector, Secretary-$0--
SUZETTE RUIZChairman, Director-$0--
BERNIE MONTEROVice President, Director-$0--
TONY MORALESTreasurer, Director-$0--
Filing and Contact Details

Filer

Filer Name
Somerset Academy Foundation Inc
EIN
46-4129017
Phone
3056692906
Address
20805 JOHNSON ST, PEMBROKE PINES, FL 33029

Signing Officer

Name
Suzette Ruiz
Title
Director
Phone
3056692906
Signed
2017-05-04
Discuss with paid preparer
Yes

Preparer

Firm
Hlb Gravier Llp
Address
396 ALHAMBRA CIRCLE SUITE 900, CORAL GABLES, FL 33134-5095
Preparer
Leonardo D Gravier
Phone
3054463022
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: accounting fees. Amount: 2,000. Description: licenses & taxes. Amount: 323. Description: office expense. Amount: 78. Description: bank charges. Amount: 6. Total to form 990-ez, line 16: 2,407.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: construction in progress. Beg. Of year amount: 0. End of year amount: 15,700.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: due to somerset virtual academy. Beg. Of year amount: 500. End of year amount: 0. Description: due to somerset academy, inc. Beg. Of year amount: 61. End of year amount: 14,762.”

Raw XML Appendix160 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SOMERSET ACADEMY FOUNDATION INC
IRS990EZ/BooksInCareOfDetail/PhoneNum03056692906
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt020805 JOHNSON ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PEMBROKE PINES
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033029
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0306
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt01400
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt05000
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt02593
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0306
IRS990EZ/Form990TotalAssetsGrp/EOYAmt017100
IRS990EZ/GrossReceiptsAmt05000
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-255
IRS990EZ/NetAssetsOrFundBalancesEOYAmt02338
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-255
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt02338
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DAVID CONCEPCION
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SUZETTE RUIZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BERNIE MONTERO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TONY MORALES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR, SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIRMAN, DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDENT, DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER, DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt015700
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt02407
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0SOMERSET ACADEMY FOUNDATION, INC. SERVES AS A TYPE 1 SUPPORTING ORGANIZATION FOR SOMERSET ACADEMY, INC., A SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION THAT OPERATES CHARTER SCHOOLS IN MIAMI-DADE COUNTY, FLORIDA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SOMERSET ACADEMY FOUNDATION, INC. IS A SUPPORTING ORGANIZATION TO THE OPERATIONS OF SOMERSET ACADEMY CHARTER SCHOOLS AND THE DEVELOPMENT OF THEIR NEW SCHOOL FACILITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0561
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt014762
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt02407
IRS990EZ/TotalRevenueAmt05000
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0311569428
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SOMERSET ACADEMY INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: ACCOUNTING FEES. AMOUNT: 2,000. DESCRIPTION: LICENSES & TAXES. AMOUNT: 323. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 78. DESCRIPTION: BANK CHARGES. AMOUNT: 6. TOTAL TO FORM 990-EZ, LINE 16: 2,407.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: CONSTRUCTION IN PROGRESS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 15,700.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUE TO SOMERSET VIRTUAL ACADEMY. BEG. OF YEAR AMOUNT: 500. END OF YEAR AMOUNT: 0. DESCRIPTION: DUE TO SOMERSET ACADEMY, INC. BEG. OF YEAR AMOUNT: 61. END OF YEAR AMOUNT: 14,762.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUZETTE RUIZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03056692906
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOMERSET ACADEMY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SOME
ReturnHeader/Filer/EIN0464129017
ReturnHeader/Filer/PhoneNum03056692906
ReturnHeader/Filer/USAddress/AddressLine1Txt020805 JOHNSON ST
ReturnHeader/Filer/USAddress/CityNm0PEMBROKE PINES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033029
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204946415
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HLB GRAVIER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0396 ALHAMBRA CIRCLE SUITE 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORAL GABLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0331345095
ReturnHeader/PreparerPersonGrp/PhoneNum03054463022
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEONARDO D GRAVIER
ReturnHeader/ReturnTs02017-05-04T13:25:12-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,100
Liabilities
$14,762
Net assets
$2,338
Revenue
$5,000
Expenses
$2,407
Net income
$2,593
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$34.1$30.5$3.56$3.16$2.43$0.73
2023Detailed filing. Detailed filing data is available for this year.$31.8$29.0$2.83$3.49$1.81$1.68
2022Detailed filing. Detailed filing data is available for this year.$29.1$27.9$1.15$1.77$1.45$0.32
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.9$17.0$0.86$1.36$1.02$0.34
2020Detailed filing. Detailed filing data is available for this year.$17.8$17.3$0.52$1.39$1.03$0.36
2019Detailed filing. Detailed filing data is available for this year.$17.7$17.6$0.16$1.11$1.26$0.15
2018Detailed filing. Detailed filing data is available for this year.$7.57$7.26$0.31$0.47$0.19$0.28
2017Detailed filing. Detailed filing data is available for this year.$7.31$7.28$0.03$0.40$0.37$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.00$0.01$0.00$0.00
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00