Florida · Nonprofit
SOMERSET ACADEMY FOUNDATION INC
SOMERSET ACADEMY FOUNDATION INC (Florida) receives grants from 1 organization whose IRS filings report $225 to it, the largest being ASSURANT FOUNDATION ($225). 0 of them have funded it in more than one year.
- Revenue FY2025
- $3.3M
- Funders on record
- 1
- Grants received
- $225
- Net assets
- $4.4M
What Somerset Academy Foundation Inc does
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.
As stated on its FY2025 Form 990.
Program
Somerset academy foundation, inc. Is a supporting organization to the operations of somerset academy charter schools and the development of their new school facilities.
$2,124,732 spent$3,310,109 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $2,124,732.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $18M to $29M (+63%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
0% of SOMERSET ACADEMY FOUNDATION INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Suzette Ruiz
President,chairman, director
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of SOMERSET ACADEMY FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
SOMERSET ACADEMY FOUNDATION INC draws 100% of its grant income from funders outside Florida, across 1 state in all.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
SOMERSET ACADEMY FOUNDATION INC runs a healthier operating margin than three-quarters of the 9,398 education nonprofits its size.
this organization peer median middle 50% of peers· 9,398 education nonprofits $1M–$10M, FY2025
Organizations like SOMERSET ACADEMY FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Florida
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
99% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 1 related entity
- Somerset Academy Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for SOMERSET ACADEMY FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds SOMERSET ACADEMY FOUNDATION INC?
- SOMERSET ACADEMY FOUNDATION INC (Florida) receives grants from 1 organization whose IRS filings report $225 to it, the largest being ASSURANT FOUNDATION ($225). 0 of them have funded it in more than one year.
- How many funders does SOMERSET ACADEMY FOUNDATION INC have?
- IRS filings report 1 organization giving $225 in grants to SOMERSET ACADEMY FOUNDATION INC.
- Who is the largest funder of SOMERSET ACADEMY FOUNDATION INC?
- ASSURANT FOUNDATION is the largest funder on record, with $225 in grants. The full list of funders is on this page.
- How can an organization like SOMERSET ACADEMY FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing