Civic Intelligence

Somerset Academy Inc

990EZ • Fiscal year 2019 • EIN 47-1852489

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 15, 2020

Organization ProfileN/A
719 W Girard AvePhiladelphia, PA 19123

(267) 639-9664

Siviq Scores

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

Liabilities / Assets

96th percentile

1.30x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

0.76x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

18th percentile

-18%

Higher net margin than 18% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

100th percentile

2214200%

Faster asset growth than 100% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

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

Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$22,143

Up $22,142 (+2214200%) from 2018

Net Assets

-$6,607

No earlier filing loaded for comparison.

Liabilities

Up

$28,750

Up $28,750 from 2018

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin18th percentile

Revenue

Up

$37,663

Up $37,663 from 2018

Expenses

Up

$44,270

Up $44,270 from 2018

Net Income

Down

-$6,607

Down $6,607 from 2018

Historical Trend

Balance Sheet Trend

Asset Growth100th 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: $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

2019

Assets$22,143
Liabilities$28,750
Net Assets-$6,607
Open 2019 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

2019

Revenue$37,663
Expenses$44,270
Net Income-$6,607
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 15, 2020
Return Version
2019v5.1
Gross Receipts
$37,663
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$37,663$37,663
Compensation and Service Providers
Top Officer Pay77th 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
2020-04-15

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 1091.”

Form 990EZ, Part I, Line 16

“Program Activities 10131.”

Form 990EZ, Part I, Line 16

“Miscellaneous 406.”

Form 990EZ, Part I, Line 16

“Supplies 4424.”

Form 990EZ, Part I, Line 16

“Travel 3302.”

Raw XML Appendix151 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
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IRS990EZ/AddressChangeInd0X
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/EOYAmt02973
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt037663
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-6607
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04150
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt022143
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt037663
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-6607
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-6607
IRS990EZ/OccupancyRentUtltsAndMaintAmt020766
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/EOYAmt019170
IRS990EZ/OtherExpensesTotalAmt019354
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/GrantsAndAllocationsAmt037663
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt037663
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt028750
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt044270
IRS990EZ/TotalProgramServiceExpensesAmt037663
IRS990EZ/TotalRevenueAmt037663
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 1091.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Program Activities 10131.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Miscellaneous 406.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Supplies 4424.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Travel 3302.
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/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BARBARA CHAVOUS-PENNOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02676399664
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-15
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/FilingSecurityInformation/AtSubmissionCreationDeviceId09B32D1235CCAFA11A87AA8E009221D2A75D414AC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09B32D1235CCAFA11A87AA8E009221D2A75D414AC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0156.146.37.129
ReturnHeader/FilingSecurityInformation/IPDt02020-07-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm019:43:51
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/PreparationDt02020-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MILTON U OATES JR
ReturnHeader/ReturnTs02020-07-14T19:43:58-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,143
Liabilities
$28,750
Net assets
-$6,607
Revenue
$37,663
Expenses
$44,270
Net income
-$6,607
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