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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34.1M
+7.2% YoY
Annual Giving
$321K
Grant Count
1
Avg Grant Size
$321K
About Somerset Academy Foundation Inc
Based on IRS filings
Somerset Academy Foundation Inc is a nonprofit organization focused on Education, based in PEMBROKE PINES, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $34.1M in total assets. In 2024, it awarded 1 grants totaling $321K. Net investment income was $424K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,110,451 | $31,810,445 | $29,085,662 |
| Revenue | $3,156,461 | $3,493,383 | $1,771,098 |
| Expenses | $2,428,596 | $1,809,414 | $1,454,136 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $424,440 | $220,376 | $337 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Somerset Academy Inc ($321,300).
| Recipient | Purpose | Amount |
|---|---|---|
| SOMERSET ACADEMY INC MIAMI, FL | TO HELP THE SCHOOL PROVIDE QUALITY FACILITIES FOR ITS STUDENTS | $321,300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID CONCEPCION | DIRECTOR, SECRETARY | 2 | — |
| SUZETTE RUIZ | PRESIDENT,CHAIRMAN, DIRECTOR | 2 | — |
| BERNIE MONTERO | VICE PRESIDENT, DIRECTOR | 2 | — |
| TONY MORALES | TREASURER, DIRECTOR | 2 | — |
| TODD GERMAN | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Somerset Academy Foundation Inc?
Somerset Academy Foundation Inc is a nonprofit organization focused on Education, based in PEMBROKE PINES, FL. It holds $34.1M in total assets as of 2024.
How large is Somerset Academy Foundation Inc?
As of 2024, Somerset Academy Foundation Inc holds $34.1M in total assets with $3.2M in annual revenue. It awarded 1 grants totaling $321K in 2024.
Where does Somerset Academy Foundation Inc operate?
Somerset Academy Foundation Inc has awarded grants in Florida.
What size grants does Somerset Academy Foundation Inc award?
In 2024, Somerset Academy Foundation Inc awarded 1 grants totaling $321K — an average of about $321K per grant, based on its IRS Form 990 filings.
What is Somerset Academy Foundation Inc's EIN?
Somerset Academy Foundation Inc's EIN (Employer Identification Number) is 46-4129017. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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