Overview
What is Somerset Academy Of Las Vegas?
The Somerset Academy of Las Vegas is a college preparatory charter school located at 6630 Surrey Street, Las Vegas, NV 89119. With a dedicated workforce of 939 employees, this nonprofit institution is committed to preparing students for academic success and knowledge acquisition through equitable, high-quality education. Their mission goes beyond academics, fostering a culture that maximizes student achievement and develops accountable 21st-century learners in a safe and enriching environment.
Official website here: www.somersetacademyoflasvegas.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Somerset Academy Of Las Vegas has achieved a moderate overall rating of 73%, indicating some strengths and areas for improvement in its operations. The organization demonstrates solid governance with 100% independent board members and effective oversight on financial statements, which illustrates a commitment to transparency and accountability. However, the lack of a whistleblower policy and document retention practices raises concerns regarding internal controls.
Financially, the nonprofit shows a high program expense ratio of 84%, suggesting that a significant portion of its resources is allocated to its programs rather than administrative costs. On the downside, the organization's liabilities exceed its assets, leading to a concerning ratio of 103.05%, which could pose risks to its financial stability. This aspect, coupled with missing key policy documents, highlights potential vulnerabilities in its financial health and governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is Somerset Academy Of Las Vegas legitimate?
Somerset Academy Of Las Vegas is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerset Academy Of Las Vegas submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,320,827
For more financial information, click here
Official website here: www.somersetacademyoflasvegas.com
What is the mission statement of Somerset Academy Of Las Vegas?
Somerset Academy of Las Vegas is committed to equipping students with the academic skills and knowledge necessary for success through a culture of continuous learning. Dedicated to providing high-quality education for all, they strive for student achievement and the development of responsible 21st-century learners in a secure and enriching environment. The academy's mission is to foster growth and accountability, aiming to maximize student potential and prepare them for future success.
Official website here: www.somersetacademyoflasvegas.com
Who is the CEO of Somerset Academy Of Las Vegas?
Travis Mizer is the Board Member of Somerset Academy Of Las Vegas.
Official website here: www.somersetacademyoflasvegas.com
What is the revenue of Somerset Academy Of Las Vegas?
Somerset Academy Of Las Vegas's revenue in 2022 was $83,363,869.
Official website here: www.somersetacademyoflasvegas.com
Who are the executives of Somerset Academy Of Las Vegas and what are their salaries?
The average compensation at Somerset Academy Of Las Vegas during 2022 was $37,615. There are 939 employees and 150 volunteers at Somerset Academy Of Las Vegas.
Here are 12 key members and their salaries:
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- Compensation: $155,313
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- Other: $53,108
- Compensation: $134,752
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- Other: $43,339
- Compensation: $108,077
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- Other: $35,177
- Compensation: $111,152
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- Other: $41,849
- Compensation: $109,814
- Related: $0
- Other: $32,062
Official website here: www.somersetacademyoflasvegas.com
Where can I find the form 990 for Somerset Academy Of Las Vegas?
Somerset Academy Of Las Vegas's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.somersetacademyoflasvegas.com
Learn more at the official website: www.somersetacademyoflasvegas.com
Mission Statement of Somerset Academy Of Las Vegas
Somerset Academy of Las Vegas, a college preparatory charter school, is committed to equipping students with the tools they need to succeed academically and continue learning throughout their lives. The organization's mission is to deliver high-quality, equitable education to all students, fostering a culture that encourages student achievement and the development of responsible 21st-century learners. In doing so, Somerset Academy of Las Vegas creates an enriching and safe environment where students can reach their full potential. Through dedication and hard work, this esteemed institution prepares its students to excel in their academic pursuits and attain knowledge that will benefit them for years to come.
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Impact
October, 2024
Somerset Academy of Las Vegas significantly impacts the local community by focusing on academic excellence and knowledge acquisition. As a college preparatory charter school, it equips students with the skills and resources necessary to excel in their educational pursuits. The academy is dedicated to providing a high-quality education that is equitable and accessible to all students, fostering an environment where each child can thrive.
The mission of Somerset Academy emphasizes life-long learning, cultivating accountable 21st-century learners who will succeed both academically and personally. By promoting a culture centered around student achievement, the school enhances not only individual student outcomes but also contributes to the overall educational landscape of Las Vegas. The safe and enriching environment encourages curiosity and growth, ensuring that students are prepared for the challenges of higher education and beyond. Ultimately, Somerset Academy plays a vital role in shaping the future of its students and the broader community.
This information is meant to be a general summary of Somerset Academy Of Las Vegas. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,315
- Program Service Revenue: $76,942,777
- Gross Receipts: $83,380,163
Assets and Liabilities:
- Total Assets: $206,607,305
- Total Liabilities: $207,694,781
- Net Assets: -$1,087,476
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DSA FUNDING
Revenue
$72,775,723
NATIONAL SCHOOL LUNCH PROGRAM (NS
Revenue
$2,561,375
STUDENT ACTIVITIES
Revenue
$1,605,679
Organization Details
Founding Year
2014
Phone
(702) 431-6260Principal Officer
Travis Mizer
Main Address
6630 SURREY STREET, LAS VEGAS, NV, 89119
NTEE Category
Code: B25 - Education
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