Civic Intelligence

Somerset Academy Inc

990EZ • Fiscal year 2016 • EIN 47-1852489

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 01, 2017

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

56th percentile

0.00x

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

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

Liabilities / Revenue

55th percentile

0.00x

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

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

Net Margin

93rd percentile

55%

Higher net margin than 93% 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

12th percentile

-38%

Faster asset growth than 12% of similar nonprofits.

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

Revenue Growth

16th percentile

-33%

Faster revenue growth than 16% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$207

Down $128 (-38%) from 2015

Net Assets

Down

$207

Down $128 (-38%) from 2015

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin93rd percentile

Revenue

Down

$41,774

Down $20,226 (-33%) from 2015

Expenses

Down

$18,872

Down $69,021 (-79%) from 2015

Net Income

Up

$22,902

Up $48,795 (+188%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$80K$60K$40K$20K$0-$20KAssets 2015: $335Net Assets 2015: $3352015Assets 2016: $207Liabilities 2016: $0Net 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

2016

Assets$207
Liabilities$0
Net Assets$207
Open 2016 Filing

Operations Trend

Revenue Growth16th percentile

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

2016

Revenue$41,774
Expenses$18,872
Net Income$22,902
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 1, 2017
Return Version
2016v3.0
Gross Receipts
$41,774
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-$18,872
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BARBARA CHAVOUS PENNOCKCEO/DirectorFT$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
2017-11-01

Preparer

Firm
Duane Lawrence CPA
Address
229 W UPSAL ST APT 516, PHILADELPHIA, PA 19119-4039
Preparer
Duane Lawrence
Phone
2158445603
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“BANK FEES 619.”

Form 990EZ, Part I, Line 16

“STORAGE 346.”

Form 990EZ, Part I, Line 16

“MEALS 678.”

Form 990EZ, Part I, Line 16

“COMMUNICATIONS 110.”

Form 990EZ, Part I, Line 16

“TRANSPORTATION 211.”

Form 990EZ, Part I, Line 16

“MISCELLANEOUS 390.”

Form 990EZ, Part I, Line 16

“INSURANCE 1382.”

Form 990EZ, Part I, Line 16

“POSTAGE 29.”

Form 990EZ, Part I, Line 16

“PARKING & TOLLS 192.”

Form 990EZ, Part I, Line 16

“Travel & entertainment 780.”

Form 990EZ, Part I, Line 20

“adjustment related to prior period -23030.”

Raw XML Appendix150 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/BOYAmt0335
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0207
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt041774
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt022902
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt014135
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0335
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0207
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt041774
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0335
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0207
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0335
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0207
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BARBARA CHAVOUS PENNOCK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO/DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-23030
IRS990EZ/OtherExpensesTotalAmt04737
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/ProgramServiceExpensesAmt018872
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt018872
IRS990EZ/TotalProgramServiceExpensesAmt018872
IRS990EZ/TotalRevenueAmt041774
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 619.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STORAGE 346.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEALS 678.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMMUNICATIONS 110.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRANSPORTATION 211.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MISCELLANEOUS 390.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INSURANCE 1382.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7POSTAGE 29.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PARKING & TOLLS 192.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9TRAVEL & ENTERTAINMENT 780.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10adjustment related to prior period -23030.
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 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 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/SignatureDt02017-11-01
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/FilingSecurityInformation/AtSubmissionCreationDeviceId066F3BF04560B76E966900C5D69C13A4B796EA682
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId066F3BF04560B76E966900C5D69C13A4B796EA682
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.34.101.219
ReturnHeader/FilingSecurityInformation/IPDt02017-11-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm014:03:15
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/PhoneNum02158445603
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DUANE LAWRENCE
ReturnHeader/ReturnTs02017-11-01T14:03:25-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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
$207
Liabilities
$0
Net assets
$207
Revenue
$41,774
Expenses
$18,872
Net income
$22,902
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$0.00$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