The Somerset East Foundation Inc
The Somerset East Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $474K in total assets. In 2024, it awarded 3 grants totaling $21K. Net investment income was $21K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$474K
-0.0% YoY
Annual Giving
$21K
-1.4% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$7K
-1.4% YoY
About The Somerset East Foundation Inc
Based on IRS filings
The Somerset East Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $474K in total assets. In 2024, it awarded 3 grants totaling $21K. Net investment income was $21K.
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 | $473,783 | $473,941 | $472,599 |
| Revenue | $24,537 | $25,655 | $24,440 |
| Expenses | $24,695 | $24,313 | $27,399 |
| Qualifying Distributions | $20,850 | $21,150 | $24,445 |
| Net Investment Income | $21,476 | $22,795 | $21,800 |
| Distributable Amount | $23,545 | $21,093 | $23,145 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL H ROMNEY | President | 1 | — |
| PAULA STRADA | Vice Pres | 1 | — |
| MARITZA ROMNEY | Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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