Civic Intelligence

Nact Somerset Inc

EIN 87-1776524 • 501(c)3 • Sarasota, FL

Profile

100 percent of nact somerset, inc. (nact somerset)'s charitable activities consist of preserving and expanding the traditional day and overnight children's summer camp experience by (1) acquiring, developing, operating and maintaining summer camp facilities, (2) protecting camp landscapes from development, (3) raising funds to provide financial assistance to allow children of limited means to attend summer camp, and (4) providing free or low cost summer camp programs for children who have financial, medical or other challenges.

1440 Lakefront Drive 2302Sarasota, FL 34240

www.camptrust.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.92x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

2.97x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

65th percentile

12%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

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

Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

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

Annualized from 2023 to 2024

Assets

Up

$16,035,882

Up $16,035,882 from 2023

Liabilities

Up

$14,673,432

Up $14,673,432 from 2023

Net Assets

Up

$1,362,450

Up $1,362,450 from 2023

Revenue

Up

$4,932,848

Up $4,932,848 from 2023

Expenses

Up

$4,337,558

Up $4,337,558 from 2023

Net Income

Up

$595,290

Up $595,290 from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $16,035,882Liabilities 2024: $14,673,432Net Assets 2024: $1,362,4502024

Highlighted filing

2024

Assets$16,035,882
Liabilities$14,673,432
Net Assets$1,362,450

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $4,932,848Expenses 2024: $4,337,558Net Income 2024: $595,2902024

Highlighted filing

2024

Revenue$4,932,848
Expenses$4,337,558
Net Income$595,290

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2023 to Oct 31, 2024
Signed
Dec 24, 2025
Return Version
2023v6.0
Gross Receipts
$4,932,848
Mission and Program Overview

Mission

100 percent of nact somerset, inc. (nact somerset)'s charitable activities consist of preserving and expanding the traditional day and overnight children's summer camp experience by (1) acquiring, developing, operating and maintaining summer camp facilities, (2) protecting camp landscapes from development, (3) raising funds to provide financial assistance to allow children of limited means to attend summer camp, and (4) providing free or low cost summer camp programs for children who have financial, medical or other challenges.

Nact somerset is to preserve and expand traditional day and overnight summer camp and to provide camp experiences to children in need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$10,371,435▲ $10,371,435
Cash and Non-Interest-Bearing Accounts-$781,064-
Total Assets$0$16,035,882▲ $16,035,882
Other Assets Total$0$4,883,383▲ $4,883,383
Liabilities
Other Liabilities$0$14,608,746▲ $14,608,746
Accounts Payable and Accrued Expenses-$64,686-
Total Liabilities$0$14,673,432▲ $14,673,432
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$1,362,450-
Total Net Assets Fund Balance$0$1,362,450▲ $1,362,450
Total Liabilities and Net Assets / Fund Balance$0$16,035,882▲ $16,035,882

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,843,000$57,000$6,900,000
Land$2,100,000-$2,100,000
Equipment$1,428,435$46,629$1,475,064
Other Assets Org$3,718,710--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jonathan GoldPresident/trustee
Jeffrey LeikinTrustee
Michele FriedmanAdministrative Officer
Scott RothchildTreasurer/trusee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,876,282
Investment Income
$56,566
Other Revenue
$0
Change in Net Assets
$595,290

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,932,848
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$218,190
Total Revenue per Audited Statements
$5,151,038
Total Revenue per Form 990
$4,932,848
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,542,277
Salaries, Compensation, and Employee Benefits$1,794,281
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,529,931--$1,529,931
Interest$458,995--$458,995
All Other Expenses$329,531--$329,531
Payroll Taxes$264,350--$264,350
Other Expenses$183,181--$183,181
Insurance$127,508--$127,508
Depreciation Depletion$103,629--$103,629
Office Expenses$82,034--$82,034
Advertising$65,508--$65,508
Fees for Services Management$60,000--$60,000
Fees for Services Legal$8,624--$8,624
Conferences and Meetings$7,234--$7,234
Grants to Domestic Orgs$1,000--$1,000
Total Functional Expenses$4,337,558$0$0$4,337,558

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,555,748
Expenses per Audited Statements$4,337,558
Total Expenses per Form 990$4,337,558
Expenses Not Reported on Form 990$218,190
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Njeda Bonds Payable$10,528,613
Notes Payable$3,500,000
Deferred Tuition Revenue$373,088
Accrued Interest$197,045
Due to Affiliate$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The copy of the form 990 is presented to the board of directors at their meeting prior to the form being filed.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is performed and reviewed.

Form 990, Part VI, Section B, Line 15

The board of directors determine and approve compensation of the organizations officers and key employees based upon industry norms.

Form 990, Part VI, Section C, Line 19

The organization makes all of its relevant information available to the public on request from their office location.

Filing and Contact Details

Filer

Filer Name
Nact Somerset Inc
EIN
87-1776524
Phone
9178636195
Address
1440 LAKEFRONT DRIVE 2302, SARASOTA, FL 34240

Signing Officer

Name
Michele Friedman
Title
Executive Director
Phone
9178636195
Signed
2025-12-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele Friedman
Formed
2021
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
4
Employees
296
Volunteers
4

Preparer

Firm
Eisner Advisory Group LLC
Address
733 THIRD AVENUE, NEW YORK, NY 10017-2703
Preparer
Peter Kutner
Phone
2129498700
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

100 percent of nact somerset, inc. (nact somerset)'s charitable activities consist of preserving and expanding the traditional day and overnight children's summer camp experience by (1) acquiring, developing, operating and maintaining summer camp facilities, (2) protecting camp landscapes from development, (3) raising funds to provide financial assistance to allow children of limited means to attend summer camp, and (4) providing free or low cost summer camp programs for children who have financial, medical or other challenges.

FORM 990, PART XI, LINE 9:

Capital contributions 767,160.

FORM 990, PART XI, LINE 2C:

The organization's process for the oversight of the audit of its financial statements and the selection of an independent accountant. The board reviews the audited financials with the audit firm before the board approves the issuance of the financials.

Financial Statement Notes

PART X, LINE 2:

Management has analyzed the tax positions taken by the organization and has concluded that as of october 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require the recognition of a liability or disclosure in the financial statements. The organization recognizes accrued interest and penalties associated with uncertain tax positions, if any. There were no income tax-related interest and penalties recorded for the year ended october 31, 2024.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Scholarships - tuition income

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Scholarships - tuition expense

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23718710
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDS HELD IN TRUST - DEBT SERVICE FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1FUNDS HELD IN TRUST - PRINCIPAL AND INTEREST FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2GOODWILL
IRS990ScheduleD/OtherExpensesIncludedAmt0218190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010528613
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2197045
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3373088
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt410000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NJEDA BONDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED TUITION REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DUE TO AFFILIATE
IRS990ScheduleD/OtherRevenueAmt0218190
IRS990ScheduleD/RevenueNotReportedAmt0218190
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04932848
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF OCTOBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX-RELATED INTEREST AND PENALTIES RECORDED FOR THE YEAR ENDED OCTOBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS - TUITION INCOME
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIPS - TUITION EXPENSE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010371435
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04883383
IRS990ScheduleD/TotalExpensesPerForm990Amt04337558
IRS990ScheduleD/TotalLiabilityAmt014608746
IRS990ScheduleD/TotalRevenuePerForm990Amt04932848
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05151038
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04555748
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0100 PERCENT OF NACT SOMERSET, INC. (NACT SOMERSET)'S CHARITABLE ACTIVITIES CONSIST OF PRESERVING AND EXPANDING THE TRADITIONAL DAY AND OVERNIGHT CHILDREN'S SUMMER CAMP EXPERIENCE BY (1) ACQUIRING, DEVELOPING, OPERATING AND MAINTAINING SUMMER CAMP FACILITIES, (2) PROTECTING CAMP LANDSCAPES FROM DEVELOPMENT, (3) RAISING FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO ALLOW CHILDREN OF LIMITED MEANS TO ATTEND SUMMER CAMP, AND (4) PROVIDING FREE OR LOW COST SUMMER CAMP PROGRAMS FOR CHILDREN WHO HAVE FINANCIAL, MEDICAL OR OTHER CHALLENGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COPY OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS AT THEIR MEETING PRIOR TO THE FORM BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS PERFORMED AND REVIEWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS DETERMINE AND APPROVE COMPENSATION OF THE ORGANIZATIONS OFFICERS AND KEY EMPLOYEES BASED UPON INDUSTRY NORMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ALL OF ITS RELEVANT INFORMATION AVAILABLE TO THE PUBLIC ON REQUEST FROM THEIR OFFICE LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CAPITAL CONTRIBUTIONS 767,160.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S PROCESS FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE BOARD REVIEWS THE AUDITED FINANCIALS WITH THE AUDIT FIRM BEFORE THE BOARD APPROVES THE ISSUANCE OF THE FINANCIALS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt016035882
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt016035882
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt0296
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04337558
IRS990/TotalFunctionalExpensesGrp/TotalAmt04337558
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt014673432
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt014673432
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01362450
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04337558
IRS990/TotalProgramServiceRevenueAmt04876282
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt056566
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04876282
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04932848
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016035882
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01440 LAKEFRONT DRIVE 2302
IRS990/USAddress/CityNm0SARASOTA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034240
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.CAMPTRUST.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHELE FRIEDMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09178636195
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NACT SOMERSET INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O MICHELE FRIEDMAN
ReturnHeader/Filer/BusinessNameControlTxt0NACT
ReturnHeader/Filer/EIN0871776524
ReturnHeader/Filer/PhoneNum09178636195
ReturnHeader/Filer/USAddress/AddressLine1Txt01440 LAKEFRONT DRIVE 2302
ReturnHeader/Filer/USAddress/CityNm0SARASOTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034240
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0871353108
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EISNER ADVISORY GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0733 THIRD AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100172703
ReturnHeader/PreparerPersonGrp/PhoneNum02129498700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER KUTNER
ReturnHeader/ReturnTs02025-12-24T14:01:56-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-11-01
ReturnHeader/TaxPeriodEndDt02024-10-31
ReturnHeader/TaxYr02023

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