Civic Intelligence

Somerset Academy Inc

990EZ • Fiscal year 2015 • EIN 47-1852489

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 09, 2016

Organization Profile[email protected]
632 Chelten Hills DrElkins Park, PA 19027

(215) 783-5671

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

9th percentile

-42%

Higher net margin than 9% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

90th percentile

$42,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 67.7% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

$335

No earlier filing loaded for comparison.

Net Assets

$335

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin9th percentile

Revenue

$62,000

No earlier filing loaded for comparison.

Expenses

$87,893

No earlier filing loaded for comparison.

Net Income

-$25,893

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$80K$60K$40K$20K$0-$20KAssets 2015: $335Liabilities 2015: $0Net 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

2015

Assets$335
Liabilities$0
Net Assets$335
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$62,000
Expenses$87,893
Net Income-$25,893
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 9, 2016
Return Version
2015v2.1
Gross Receipts
$62,000
Mission and Program Overview

Mission

Provide an education to students

Provide an education to students from pre-school to high school

Program Services

DescriptionGrantsExpenses
PROVIDE EDUCATION TO STUDENTS FROM PRE TO HIGH SCHOOL-$87,893
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BARBARA CHAVOUS PENNOCKCEO/DirectorFT$42,000-$42,000
DR LINDA KILBYGen MemberPT$0--
PAT MILLER EVANSGen MemberPT$0--
MARSHALL FREEMANGen MemberPT$0--
MARSHALL MITCHELLGen MemberPT$0--
STEVE CRANEGen MemberPT$0--
JACK BUCCHIONIGen MemberPT$0--
Filing and Contact Details

Filer

Filer Name
Somerset Academy Inc
EIN
47-1852489
Phone
2157835671
Address
632 CHELTEN HILLS DR, ELKINS PARK, PA 19027

Signing Officer

Name
Barbara Chavous Pennock
Title
Barbara Pennock, Director
Phone
2157835671
Signed
2016-09-09

Preparer

Firm
Duane Lawrence CPA
Address
229 W UPSAL ST APT 516, PHILADELPHIA, PA 19119-4039
Preparer
Duane Lawrence
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“BANK FEES 1622.”

Form 990EZ, Part I, Line 16

“INSURANCE 3471.”

Form 990EZ, Part I, Line 16

“MISCELLANEOUS 10536.”

Form 990EZ, Part I, Line 16

“SUPPLIES 1508.”

Form 990EZ, Part I, Line 16

“TRANSPORTATION 229.”

Form 990EZ, Part I, Line 16

“Utilities/communication 1599.”

Form 990EZ, Part I, Line 16

“FOOD 652.”

Form 990EZ, Part I, Line 20

“Payments related to prior year liabilities -28772.”

Raw XML Appendix161 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 C PENNOCK
IRS990EZ/BooksInCareOfDetail/PhoneNum02157835671
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0632 CHELTEN HILLS DR
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ELKINS PARK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd019027
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt055000
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0335
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt062000
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-25893
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt055000
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0335
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt062000
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt055000
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0335
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt055000
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0335
IRS990EZ/OccupancyRentUtltsAndMaintAmt01800
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt210.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt310.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt410.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt510.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt65.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt042000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BARBARA CHAVOUS PENNOCK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DR LINDA KILBY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2PAT MILLER EVANS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MARSHALL FREEMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MARSHALL MITCHELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5STEVE CRANE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JACK BUCCHIONI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1GEN MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2GEN MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3GEN MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4GEN MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5GEN MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6GEN MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-28772
IRS990EZ/OtherExpensesTotalAmt019617
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDE AN EDUCATION TO STUDENTS FROM PRE-SCHOOL TO HIGH SCHOOL
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE EDUCATION TO STUDENTS FROM PRE TO HIGH SCHOOL
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt087893
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt066476
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt087893
IRS990EZ/TotalProgramServiceExpensesAmt087893
IRS990EZ/TotalRevenueAmt062000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0[email protected]
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
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/ExplanationTxt0VIA NEWSPAPER
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BANK FEES 1622.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INSURANCE 3471.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MISCELLANEOUS 10536.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SUPPLIES 1508.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRANSPORTATION 229.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UTILITIES/COMMUNICATION 1599.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FOOD 652.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PAYMENTS RELATED TO PRIOR YEAR LIABILITIES -28772.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 20
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BARBARA CHAVOUS PENNOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BARBARA PENNOCK, DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02157835671
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOMERSET ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0SOME
ReturnHeader/Filer/EIN0471852489
ReturnHeader/Filer/PhoneNum02157835671
ReturnHeader/Filer/USAddress/AddressLine1Txt0632 CHELTEN HILLS DR
ReturnHeader/Filer/USAddress/CityNm0ELKINS PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019027
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DUANE LAWRENCE CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0229 W UPSAL ST APT 516
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0191194039
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DUANE LAWRENCE
ReturnHeader/ReturnTs02016-09-09T03:41:48-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$335
Liabilities
$0
Net assets
$335
Revenue
$62,000
Expenses
$87,893
Net income
-$25,893
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$0.00$0.34$62.0$87.9$25.9