Somerset Academy Foundation Inc
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.
Key facts about Somerset Academy Foundation Inc
- EIN
- 46-4129017
- Latest 990 filing
- Form 990, 2025
- Total assets
- $40,247,277
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$40.2M
+18.0% YoY
Revenue
$3.3M
+4.9% YoY
Net Investment Income
$263K
-38.0% YoY
Expenses
$2.1M
-11.5% YoY
About Somerset Academy Foundation Inc
Based on IRS filings
Somerset Academy Foundation Inc is a public charity focused on Education, based in Pembroke Pines, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $40.2M in total assets. Net investment income was $263K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 1 grant totaling $321K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $250–500K range: 1 grant of 1 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $40,247,277 | $34,110,451 | $31,810,445 |
| Revenue | $3,310,109 | $3,156,461 | $3,493,383 |
| Expenses | $2,149,402 | $2,428,596 | $1,809,414 |
| Net Investment Income | $263,029 | $424,440 | $220,376 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS February 24, 2025)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Officers and directors from IRS filings
Somerset Academy Foundation Inc is led by Suzette Ruiz, President, Chairman & Director on every filing since 2019; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Suzette Ruiz
President, Chairman & Director
On filings since 2019
2 hrs/week
No compensation reported
Bernie Montero
Vice President & Director
On filings since 2019
2 hrs/week
No compensation reported
David Concepcion
Director & Secretary
On filings since 2019
2 hrs/week
No compensation reported
Todd German
Director
On filings since 2019
2 hrs/week
No compensation reported
Tony Morales
Treasurer & Director
On filings since 2019
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Somerset Academy Foundation Inc
How large is Somerset Academy Foundation Inc?
Somerset Academy Foundation Inc reported $40.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.3M.
What is Somerset Academy Foundation Inc?
Somerset Academy Foundation Inc is a public charity focused on Education, based in Pembroke Pines, FL. It holds $40.2M in total assets as of 2025.
Where does Somerset Academy Foundation Inc operate?
Somerset Academy Foundation Inc has awarded grants in Florida.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
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