Nonprofit · EIN 25-1721501
SOMERSET INC
Tax-exempt · SOMERSET, PA 15501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $633,368 | $473,259 | $160,109 | $1,400,137 | $0 | $1,400,137 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $490,816
- of which government grants
- $250,000
- Membership dues
- $125
- Program service revenue
- $109,801
- Investment income
- $32,751
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $105,033
- Salaries, compensation and benefits (total)
- $114,361
- Professional fundraising fees
- $0
- Accounting fees
- $6,675
- Occupancy
- $6,713
- Depreciation
- $22,968
- Program services (functional)
- $405,967
- Management and general (functional)
- $25,862
- Fundraising (functional)
- $41,430
Balance sheet and other
- Total assets, start of year
- $1,240,028
- Total assets, end of year
- $1,400,137
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,400,137
- Land, buildings and equipment
- $653,606
- Net assets without donor restrictions
- $994,365
- Net assets with donor restrictions
- $405,772
- Gross receipts
- $633,368
- Employees
- 5
- Volunteers
- 200
- Year formed
- 1993
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| G HENRY COOK | MEMBER Trustee or director | – | $0 |
| SARAH DEIST | MEMBER Trustee or director | – | $0 |
| MELANIE EBERLY | SECRETARY Trustee or director, Officer | – | $0 |
| BRENDA FIKE | TREASURER Trustee or director, Officer | – | $0 |
| ANDY GINDLESPERGER | MEMBER Trustee or director | – | $0 |
| LEE HOFFMAN | CHAIRMAN Trustee or director, Officer | – | $0 |
| KATIE KLEIN | MEMBER Trustee or director | – | $0 |
| ADAM KOPP | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| JUSTIN KORNS | MEMBER Trustee or director | – | $0 |
| JESPER NIELSEN | MEMBER Trustee or director | – | $0 |
| MICHEAL RIGGS | MEMBER Trustee or director | – | $0 |
| MADALYN WALKER | MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 876, SOMERSET, PA 15501-0876
- Principal officer (990 for 2024)
- LEE HOFFMAN, PO BOX 876, SOMERSET, PA 15501
- Signed the 990
- LEE HOFFMAN, CHAIRMAN
- Phone
- (814) 443-1748
- Return prepared by
- BEER REAM & CO PC
Mission
THE MISSION OF THE ORGANIZATION IS INSTITUTING A PROGRAM OF ACTIVITIES, WHICH WILL PROVIDE TECHNICAL ASSISTANCE FOR THE IMPROVEMENT AND REVITALIZATION OF THE UPTOWN SOMERSET BUSINESS DISTRICT.
Program accomplishments
- 1.ECONOMIC DEVELOPMENT: IN 2024-2025 WE SPENT 340K ON ECONOMIC DEVELOPMENT PROJECTS INCLUDING THE RENOVATION OF A HISTORIC ANCHOR BUILDING, SMALL BUSINESS GRANTS, HOME RENOVATIONS, SUPPORTING LOW INCOME HOUSING, AND A FEASIBILITY STUDY FOR A PATH TO SOMERSET LAKE. THESE EXPENSES ALL FURTHER THE MISSION OF REJUVENATING THE COMMUNITY CENTER IN SOMERSET, PA. 2.PROMOTION: IN 2024-2025, SOMERSET, INC. HOSTED DIFFERENT EVENTS, INCLUDING FIRE & ICE FESTIVAL, IGNITE THE NIGHT, CHALK THE BLOCK, LIGHT UP SOMERSET, AND THE SOCO FARMERS MARKET. THESE ACTIVITIES BROUGHT MORE THAN 15K PEOPLE TO THE SIDEWALKS OF SOMERSET THROUGHOUT THE YEAR, FURTHERING THE MISSION OF CREATING A MORE VIBRANT COMMUNITY CENTER. 3.IN 2024-2025, SOMERSET, INC. CONTINUED TO INVEST IN TRINITY PARK MAINTENANCE TO SUPPORT AN ONGOING COMMUNITY SPACE AND UPKEEP THE APPEARANCE OF THE COMMUNITY, A PRIORITY IN THE REVITALIZATION OF THE TOWN CENTER.Expenses $405,967
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 25-1721501
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $1,400,137
- Income (IRS master file)
- $633,368
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | – | – | – | IRS |
| 990 | July 2024 | – | – | – | IRS |
| 990 | July 2023 | $514,713 | $348,297 | $1,091,786 | IRS |
| 990 | July 2022 | $656,896 | $359,014 | $925,370 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990-EZ | July 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about SOMERSET INC
- What is the EIN of SOMERSET INC?
- The employer identification number (EIN) of SOMERSET INC is 25-1721501.
- Is SOMERSET INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to SOMERSET INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOMERSET INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOMERSET INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOMERSET INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of SOMERSET INC?
- The 990 for the year ended July 31, 2025 names LEE HOFFMAN.
- Who are the officers and directors of SOMERSET INC?
- The 990 for the year ended July 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does SOMERSET INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $633,368, expenses of $473,259 and total assets of $1,400,137 at year end.
Other nonprofits in SOMERSET
- SOMERSET COUNTY BAR ASSOCIATION EIN 25-1847780 · last filed 990-EZ for 2024
- SOMERSET COUNTY MEDICAL SOCIETY EIN 25-1867549 · last filed 990-N for 2025
- SOMERSET COUNTY FLAG COMMITTEE INC EIN 25-1728403 · last filed 990-N for 2025
- BEHAVIORAL HEALTH SERVICES OF SOMERSET AND BEDFORD COUNTIES EIN 56-2626513 · last filed 990 for 2025
- SOMERSET RURAL ELECTRIC COOPERATIVE INC EIN 25-0807950 · last filed 990 for 2025
- TABLELAND SERVICES INC EIN 25-1155958 · last filed 990 for 2025
- CHILDRENS AID HOME PROGRAMS OF SOMERSET COUNTY INC EIN 25-1793697 · last filed 990 for 2025
- SOMERSET AREA AMBULANCE ASSOCIATION EIN 25-1159185 · last filed 990 for 2025
All nonprofits in SOMERSET · Pennsylvania · Community improvement and capacity building