Civic Intelligence

Somerset Academy Inc

EIN 47-1852489 • 501(c)3 • Philadelphia, PA

Profile

Provide an education to students

719 W Girard AvePhiladelphia, PA 19123

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 2020

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

97th percentile

92%

Higher net margin than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

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 2020

Asset Growth

95th percentile

175%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

65th percentile

12%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$60,789

Up $38,646 (+175%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$60,789

Up $67,396 (+1020%) from 2019

Operations
Liabilities / Revenue62nd percentileNet Margin97th percentile

Revenue

Up

$42,050

Up $4,387 (+12%) from 2019

Expenses

Down

$3,404

Down $40,866 (-92%) from 2019

Net Income

Up

$38,646

Up $45,253 (+685%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth95th percentile

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

$80K$60K$40K$20K$0-$20KAssets 2015: $335Net Assets 2015: $3352015Assets 2016: $207Net Assets 2016: $2072016Assets 2017: $1Liabilities 2017: $02017Assets 2018: $1Liabilities 2018: $02018Assets 2019: $22,143Liabilities 2019: $28,750Net Assets 2019: -$6,6072019Assets 2020: $60,789Net Assets 2020: $60,7892020

Highlighted filing

2020

Assets$60,789
Liabilities-
Net Assets$60,789
Open 2020 Filing

Operations Trend

Revenue Growth65th percentile

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

$100K$50K$0-$50KRevenue 2015: $62,000Expenses 2015: $87,893Net Income 2015: -$25,8932015Revenue 2016: $41,774Expenses 2016: $18,872Net Income 2016: $22,9022016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $37,663Expenses 2019: $44,270Net Income 2019: -$6,6072019Revenue 2020: $42,050Expenses 2020: $3,404Net Income 2020: $38,6462020

Highlighted filing

2020

Revenue$42,050
Expenses$3,404
Net Income$38,646
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$60,789
Liabilities
-
Net assets
$60,789
Revenue
$42,050
Expenses
$3,404
Net income
$38,646
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$60.8$60.8$42.1$3.40$38.6
2019Detailed filing. Detailed filing data is available for this year.$22.1$28.8$6.61$37.7$44.3$6.61
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.21$0.21$41.8$18.9$22.9
2015Detailed filing. Detailed filing data is available for this year.$0.34$0.34$62.0$87.9$25.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 1, 2021
Return Version
2020v4.1
Gross Receipts
$42,050
Mission and Program Overview

Mission

Provide an education to students

Program Services

DescriptionGrantsExpenses
Is a foundation arm of Somerset Acedemy Early Learning CtrIt supports the educational efforts of the Academy. The principalprogram is the summer Freedom School which serves 90 pre and school age chidren$40,550$40,550
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barbara Chavous PennockCEOPT$0--
Filing and Contact Details

Filer

Filer Name
Somerset Academy Inc
EIN
47-1852489
Phone
2676399664
Address
719 W GIRARD AVE, PHILADELPHIA, PA 19123

Signing Officer

Name
Barbara Chavous-pennock
Title
CEO
Phone
2676399664
Signed
2021-10-01

Preparer

Firm
Redcross Martin and Associates
Address
1528 WALNUT STREET SUITE 1720, PHILADELPHIA, PA 19102
Preparer
Milton U Oates Jr
Phone
2156946846
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Advertising 198.”

Form 990EZ, Part I, Line 16

“Program Activities 1293.”

Form 990EZ, Part I, Line 16

“Miscellaneous”

Form 990EZ, Part I, Line 16

“Supplies 1874.”

Form 990EZ, Part I, Line 16

“BANK FEES 39.”

Raw XML Appendix148 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Barbara Chavous Pennock
IRS990EZ/BooksInCareOfDetail/PhoneNum02676399664
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0719 W Girard Ave
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Philadelphia
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd019123
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt02973
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt019580
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt042050
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt038646
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt022143
IRS990EZ/Form990TotalAssetsGrp/EOYAmt060789
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt042050
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt022143
IRS990EZ/NetAssetsOrFundBalancesEOYAmt060789
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt022143
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt060789
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Barbara Chavous Pennock
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt019170
IRS990EZ/OtherAssetsTotalDetail/EOYAmt041209
IRS990EZ/OtherExpensesTotalAmt03404
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Provide an education to students
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Is a foundation arm of Somerset Acedemy Early Learning CtrIt supports the educational efforts of the Academy. The principalprogram is the summer Freedom School which serves 90 pre and school age chidren
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt040550
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt040550
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt03404
IRS990EZ/TotalProgramServiceExpensesAmt040550
IRS990EZ/TotalRevenueAmt042050
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
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
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0newspaper Publicizing in the the 3 major newspapers in Philadelphia
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising 198.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Program Activities 1293.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Miscellaneous
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Supplies 1874.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BANK FEES 39.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BARBARA CHAVOUS-PENNOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02676399664
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOMERSET ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0SOME
ReturnHeader/Filer/EIN0471852489
ReturnHeader/Filer/PhoneNum02676399664
ReturnHeader/Filer/USAddress/AddressLine1Txt0719 W GIRARD AVE
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019123
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REDCROSS MARTIN AND ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01528 WALNUT STREET SUITE 1720
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019102
ReturnHeader/PreparerPersonGrp/PhoneNum02156946846
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MILTON U OATES JR
ReturnHeader/ReturnTs02021-10-27T17:31:06-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BARBARA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHAVOUS-PENNOCK
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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