Somerset Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WINTER PARK, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $13K in total assets. In 2024, it made $780 in qualifying distributions. Net investment income was $9.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13K
+0.1% YoY
Revenue
$789
-93.7% YoY
Qualifying Distributions
$780
Expenses
$780
Under IRS private-foundation payout rules, Somerset Foundation Inc reported a distributable amount of $616 for 2024 — the minimum it must pay out in qualifying distributions.
About Somerset Foundation Inc
Based on IRS filings
Somerset Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WINTER PARK, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $13K in total assets. In 2024, it made $780 in qualifying distributions. Net investment income was $9.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,521 | $12,512 | — |
| Revenue | $789 | $12,512 | — |
| Expenses | $780 | — | — |
| Qualifying Distributions | $780 | — | — |
| Net Investment Income | $9 | $73 | — |
| Distributable Amount | $616 | $486 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROY W BLOCK | PRESIDENT/DIRECTOR | — | — |
| JO-ANNE E STEVENSON-BLOCK | VICE PRESIDENT/DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Somerset Foundation Inc?
Somerset Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WINTER PARK, FL. It holds $13K in total assets as of 2024.
How large is Somerset Foundation Inc?
As of 2024, Somerset Foundation Inc holds $13K in total assets with $789 in annual revenue.
How much is Somerset Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Somerset Foundation Inc reported a distributable amount of $616 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Somerset Foundation Inc's EIN?
Somerset Foundation Inc's EIN (Employer Identification Number) is 87-1811420. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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