Nonprofit · EIN 46-4129017
SOMERSET ACADEMY FOUNDATION INC
Tax-exempt · PEMBROKE PNES, FL 33029
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,310,109 | $2,149,402 | $1,160,707 | $40,247,277 | $35,851,976 | $4,395,301 |
| June 30, 2024 | 990 | $3,156,461 | $2,428,596 | $727,865 | $34,110,451 | $30,547,674 | $3,562,777 |
| June 30, 2023 | 990 | $3,493,383 | $1,809,414 | $1,683,969 | $31,810,445 | $28,975,533 | $2,834,912 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,047,080
- Investment income
- $263,029
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $13,737
- Accounting fees
- $3,000
- Depreciation
- $763,259
- Program services (functional)
- $2,124,732
- Management and general (functional)
- $24,670
Balance sheet and other
- Total assets, start of year
- $34,110,451
- Total assets, end of year
- $40,247,277
- Total liabilities, end of year
- $35,851,976
- Net assets, end of year
- $4,395,301
- Land, buildings and equipment
- $30,801,182
- Gross receipts
- $3,310,109
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- FL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID CONCEPCION | DIRECTOR, SECRETARY Trustee or director, Officer | 2 | $0 |
| SUZETTE RUIZ | PRESIDENT,CHAIRMAN, DIRECTOR Trustee or director, Officer | 2 | $0 |
| BERNIE MONTERO | VICE PRESIDENT, DIRECTOR Trustee or director, Officer | 2 | $0 |
| TONY MORALES | TREASURER, DIRECTOR Trustee or director, Officer | 2 | $0 |
| TODD GERMAN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID CONCEPCION | DIRECTOR, SECRETARY Trustee or director, Officer | 2 | $0 |
| SUZETTE RUIZ | PRESIDENT,CHAIRMAN, DIRECTOR Trustee or director, Officer | 2 | $0 |
| BERNIE MONTERO | VICE PRESIDENT, DIRECTOR Trustee or director, Officer | 2 | $0 |
| TONY MORALES | TREASURER, DIRECTOR Trustee or director, Officer | 2 | $0 |
| TODD GERMAN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID CONCEPCION | DIRECTOR, SECRETARY Trustee or director, Officer | 2 | $0 |
| SUZETTE RUIZ | PRESIDENT,CHAIRMAN, DIRECT Trustee or director, Officer | 2 | $0 |
| BERNIE MONTERO | VICE PRESIDENT, DIRECTOR Trustee or director, Officer | 2 | $0 |
| TONY MORALES | TREASURER, DIRECTOR Trustee or director, Officer | 2 | $0 |
| TODD GERMAN | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 20805 JOHNSON ST, PEMBROKE PNES, FL 33029-1916
- In care of
- % PRESIDENT
- Principal officer (990 for 2024)
- SUZETTE RUIZ, 20805 JOHNSON ST, PEMBROKE PINES, FL 33029
- Signed the 990
- SUZETTE RUIZ, CHAIRMAN
- Phone
- (305) 669-2906
- Return prepared by
- HLB GRAVIER LLP
Mission
SOMERSET ACADEMY FOUNDATION, INC. SERVES AS A TYPE 1 SUPPORTING ORGANIZATION FOR SOMERSET ACADEMY, INC., A SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION THAT OPERATES CHARTER SCHOOLS IN MIAMI-DADE COUNTY, FLORIDA.
Program accomplishments
- SOMERSET ACADEMY FOUNDATION, INC. IS A SUPPORTING ORGANIZATION TO THE OPERATIONS OF SOMERSET ACADEMY CHARTER SCHOOLS AND THE DEVELOPMENT OF THEIR NEW SCHOOL FACILITIES.Expenses $2,124,732 · revenue $3,310,109
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4129017
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $40,247,277
- Income (IRS master file)
- $3,310,109
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,310,109 | $2,149,402 | $40,247,277 | XML |
| 990 | June 2024 | $3,156,461 | $2,428,596 | $34,110,451 | XML |
| 990 | June 2023 | $3,493,383 | $1,809,414 | $31,810,445 | XML |
| 990 | June 2022 | $1,771,098 | $1,454,136 | $29,085,662 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 46-4129017).
Questions about SOMERSET ACADEMY FOUNDATION INC
- What is the EIN of SOMERSET ACADEMY FOUNDATION INC?
- The employer identification number (EIN) of SOMERSET ACADEMY FOUNDATION INC is 46-4129017.
- Is SOMERSET ACADEMY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to SOMERSET ACADEMY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does SOMERSET ACADEMY FOUNDATION 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 ACADEMY FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOMERSET ACADEMY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOMERSET ACADEMY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names SUZETTE RUIZ.
- Who are the officers and directors of SOMERSET ACADEMY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does SOMERSET ACADEMY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,310,109, expenses of $2,149,402 and total assets of $40,247,277 at year end.
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