Overview
What is Somerset Academy Foundation Inc?
Somerset Academy Foundation Inc, based in Pembroke Pines, Florida, serves as a supporting organization for Somerset Academy, a nonprofit operating charter schools in Miami-Dade County, Florida. The foundation's primary role is to aid in the operations of these schools and contribute to the development of new school facilities. As a type 1 supporting organization, it provides essential support to Somerset Academy Inc, a 501(c)(3) tax-exempt organization. The foundation's mission is to contribute to the educational growth and development of students in Miami-Dade County.
Is Somerset Academy Foundation Inc legitimate?
Somerset Academy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerset Academy Foundation Inc 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:
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What is the mission statement of Somerset Academy Foundation Inc?
The Somerset Academy Foundation Inc. serves as a supporting organization for Somerset Academy, Inc., a tax-exempt organization operating charter schools in Miami-Dade County, Florida. Its primary mission is to aid in the operations of these charter schools and contribute to the development of new school facilities. The foundation's activities are geared towards supporting the educational endeavors of Somerset Academy, aiming to contribute positively to the educational landscape and the lives of the students enrolled in these institutions.
Who is the CEO of Somerset Academy Foundation Inc?
Suzette Ruiz is the Director, Secretary of Somerset Academy Foundation Inc.
What is the revenue of Somerset Academy Foundation Inc?
Somerset Academy Foundation Inc's revenue in 2023 was $3,493,383.
Who are the executives of Somerset Academy Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Somerset Academy Foundation Inc?
Somerset Academy Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Somerset Academy Foundation Inc
Somerset Academy Foundation Inc plays a crucial role as a Type 1 supporting organization for Somerset Academy, Inc., a tax-exempt organization operating charter schools in Miami-Dade County, Florida. The primary mission of Somerset Academy Foundation Inc is to support the operations of these charter schools and facilitate the development of their new school facilities. By doing so, the foundation aims to contribute to the overall success and growth of the educational institutions under Somerset Academy, Inc. The foundation's activities are centered around enhancing the educational experience and opportunities for students attending these charter schools.
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Impact
October, 2024
Somerset Academy Foundation Inc significantly impacts the educational landscape in Miami-Dade County, Florida, by supporting the operations and development of Somerset Academy charter schools. It plays a crucial role as a Type 1 supporting organization, ensuring that these schools have the necessary resources and infrastructure. Through its efforts, the foundation enhances educational opportunities for students, facilitates the creation of new school facilities, and fosters a robust learning environment tailored to meet the needs of the community. This commitment to education not only benefits current students but also sets the stage for future generations in the area.
This information is meant to be a general summary of Somerset Academy Foundation Inc. 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 2023.
- Investment Income: $220,376
- Program Service Revenue: $2,918,349
- Gross Receipts: $3,493,383
Assets and Liabilities:
- Total Assets: $31,810,445
- Total Liabilities: $28,975,533
- Net Assets: $2,834,912
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,918,349
Organization Details
Founding Year
2013
Phone
(305) 669-2906Principal Officer
Suzette Ruiz
Main Address
20805 JOHNSON ST, PEMBROKE PINES, FL, 33029
NTEE Category
Code: B11 - Education
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