SOMERSET ACADEMY INC

Address
6340 SUNSET DRIVE
MIAMI, FL 33143
Contact
Website: http://www.somersetacademyschools.com
Phone: +1 (305) 669-2906
Nonprofit
NTEE: B20 - Elementary, Secondary Education, K - 12
EIN: 31-1569428

Mission

ESTABLISHED AS CHARTER SCHOOL OPERATOR IN DISTRICT SCHOOL BOARDS OF MIAMI-DADE, BROWARD COUNTY, PALM BEACH COUNTY, DUVAL COUNTY, ST. LUCIE COUNTY, AND TEXAS STATE BOARD OF EDUCATION. SOMERSET ACADEMY, INC. IS DEDICATED TO PROVIDING EQUITABLE, HIGH-QUALITY EDUCATION FOR ALL STUDENTS, AND PROMOTES A CULTURE THAT MAXIMIZES STUDENT ACHIEVEMENT AND FOSTERS THE DEVELOPMENT OF ACCOUNTABLE, 21ST CENTURY LEARNERS IN A SAFE AND ENRICHING ENVIRONMENT.
 20172016201520142013
Basic features of the organization
Year of formation1997
Subsection code03
PF filing required0    
Metropolitan statistical area7240
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$1,565,528.00$1,515,143.00   
Number of employees24952386   
Number of people compensated >$100k1212   
Number of volunteers61255990   
Number of highly compensated contractors101107   
Personnel
Concepcion, David
TitleDIRECTORDIRECTOR   
Name of key/compensated personDAVID CONCEPCIONDAVID CONCEPCION   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org10.0010.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Cook, David
TitleEMPLOYEE    
Name of key/compensated personDAVID COOK    
Position of compensated person
Average hours per week working for org40.00    
Reportable compensation from org$117,136.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Cruz-Ortiz, Cristina
Title EMPLOYEE   
Name of key/compensated person DR CRISTINA CRUZ-ORTIZ   
Position of compensated person
Average hours per week working for org 40.00   
Reportable compensation from org $100,563.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Diaz, Ana
TitleDIRECTOR, SECRETARYDIRECTOR, SECRETARY   
Name of key/compensated personANA DIAZANA DIAZ   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Esquijarosa, Jennifer
TitleDIRECTORDIRECTOR   
Name of key/compensated personJENNIFER ESQUIJAROSAJENNIFER ESQUIJAROSA   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Fernandez, Daniel
Title EMPLOYEE   
Name of key/compensated person DANIEL FERNANDEZ   
Position of compensated person
Average hours per week working for org 40.00   
Reportable compensation from org $118,938.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
German, Todd
TitleVICE-CHAIR,TREASURERTREASURER   
Name of key/compensated personTODD GERMANTODD GERMAN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Guilarte, Kim
TitleEMPLOYEEEMPLOYEE   
Name of key/compensated personKIM GUILARTEKIM GUILARTE   
Position of compensated person
Average hours per week working for org40.0040.00   
Reportable compensation from org$156,460.00$153,647.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Guillen, Athena
TitleEMPLOYEEEMPLOYEE   
Name of key/compensated personATHENA GUILLENATHENA GUILLEN   
Position of compensated person
Average hours per week working for org40.0040.00   
Reportable compensation from org$116,772.00$118,600.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Isla, Lourdes
TitleDIRECTOR,CHAIRMANDIRECTOR,CHAIRMAN   
Name of key/compensated personLOURDES ISLALOURDES ISLA   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Kaye, Donna
TitleEMPLOYEE    
Name of key/compensated personDONNA KAYE    
Position of compensated person
Average hours per week working for org40.00    
Reportable compensation from org$102,011.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Lopez, Alina
TitleEMPLOYEEEMPLOYEE   
Name of key/compensated personALINA LOPEZALINA LOPEZ   
Position of compensated person
Average hours per week working for org40.0040.00   
Reportable compensation from org$109,051.00$105,400.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Marin, Louis
TitleCHAIR,DIRECTORDIRECTOR   
Name of key/compensated personLOUIS MARINLOUIS MARIN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
May, Bonnie
TitleEMPLOYEE    
Name of key/compensated personBONNIE MAY    
Position of compensated person
Average hours per week working for org40.00    
Reportable compensation from org$114,377.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
McGee, Donyale
TitleEMPLOYEE    
Name of key/compensated personDONYALE MCGEE    
Position of compensated person
Average hours per week working for org40.00    
Reportable compensation from org$120,670.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
McGhee, Donyale
Title EMPLOYEE   
Name of key/compensated person DONYALE MCGHEE   
Position of compensated person
Average hours per week working for org 40.00   
Reportable compensation from org $120,708.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Montero, Bernardo
TitlePRESIDENTPRESIDENT   
Name of key/compensated personBERNARDO MONTEROBERNARDO MONTERO   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org40.0040.00   
Reportable compensation from org$190,689.00$187,479.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Morales, Tony
TitleDIRECTORDIRECTOR   
Name of key/compensated personTONY MORALESTONY MORALES   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Ozuna, George
TitleDIRECTORDIRECTOR   
Name of key/compensated personGEORGE OZUNAGEORGE OZUNA   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Prieto, Alexandra
TitleEMPLOYEEEMPLOYEE   
Name of key/compensated personALEXANDRA PRIETOALEXANDRA PRIETO   
Position of compensated person
Average hours per week working for org40.0040.00   
Reportable compensation from org$120,918.00$116,859.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Rodriguez, Kerri
TitleEMPLOYEEEMPLOYEE   
Name of key/compensated personKERRI ANN RODRIGUEZKERRI ANN RODRIGUEZ   
Position of compensated person
Average hours per week working for org40.0040.00   
Reportable compensation from org$150,472.00$146,495.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Ruiz, Suzette
TitleVICE-PRESIDENTVICE-PRESIDENT   
Name of key/compensated personSUZETTE RUIZSUZETTE RUIZ   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org40.0040.00   
Reportable compensation from org$154,528.00$139,896.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Sadesky, Shannine
Title EMPLOYEE   
Name of key/compensated person SHANNINE SADESKY   
Position of compensated person
Average hours per week working for org 40.00   
Reportable compensation from org $100,326.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Suarez, Idalia
TitleEMPLOYEEEMPLOYEE   
Name of key/compensated personIDALIA SUAREZIDALIA SUAREZ   
Position of compensated person
Average hours per week working for org40.0040.00   
Reportable compensation from org$112,444.00$106,232.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesESTABLISHED AS CHARTER SCHOOL OPERATOR IN DISTRICT SCHOOL BOARDS OF MIAMI-DADE, BROWARD COUNTY, PALM BEACH COUNTY, DUVAL COUNTY, ST. LUCIE COUNTY, AND TEXAS STATE BOARD OF EDUCATION. SOMERSET ACADEMY, INC. IS DEDICATED TO PROVIDING EQUITABLE, HIGH-QUALITY EDUCATION FOR ALL STUDENTS, AND PROMOTES A CULTURE THAT MAXIMIZES STUDENT ACHIEVEMENT AND FOSTERS THE DEVELOPMENT OF ACCOUNTABLE, 21ST CENTURY LEARNERS IN A SAFE AND ENRICHING ENVIRONMENT.ESTABLISHED AS CHARTER SCHOOL OPERATOR IN DISTRICT SCHOOL BOARDS OF MIAMI-DADE, BROWARD COUNTY, PALM BEACH COUNTY, DUVAL COUNTY, ST. LUCIE COUNTY, AND TEXAS STATE BOARD OF EDUCATION. SOMERSET ACADEMY, INC. IS DEDICATED TO PROVIDING EQUITABLE, HIGH-QUALITY EDUCATION FOR ALL STUDENTS, AND PROMOTES A CULTURE THAT MAXIMIZES STUDENT ACHIEVEMENT AND FOSTERS THE DEVELOPMENT OF ACCOUNTABLE, 21ST CENTURY LEARNERS IN A SAFE AND ENRICHING ENVIRONMENT.   
Program service expenses, total$130,111,042.00$117,119,245.00   
Programs, including revenue & expenses
PROVIDES EDUCATION FOR CHILDREN FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. FOR THE FISCAL YEAR ENDED JUNE 30, 2017 19,500 STUDENTS WERE ENROLLED.
Program expenses$130,111,042.00$117,119,245.00   
Grants and allocations made$103,500.00    
Program revenue$8,580,484.00$7,274,496.00   
Program descriptionPROVIDES EDUCATION FOR CHILDREN FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. FOR THE FISCAL YEAR ENDED JUNE 30, 2017 19,500 STUDENTS WERE ENROLLED.PROVIDES EDUCATION FOR CHILDREN FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. FOR THE FISCAL YEAR ENDED JUNE 30, 2016 17,400 STUDENTS WERE ENROLLED.   
Financial data
Revenue
Total revenue$159,670,507.00$147,678,429.00   
Revenue from contributions (total)$150,527,132.00$140,353,126.00$126,756,690.00$116,057,499.00$91,322,864.00
Revenue from noncash contributions$51,975.00$2,337,918.00   
Investment income, current yr$155,752.00$26,839.00   
Total revenue from grants, etc., current yr$150,527,132.00$140,353,126.00   
Total unrelated business revenue$0.00$0.00   
Other revenue, current yr$1,154,068.00$939,637.00   
Net unrelated business taxable revenue$0.00$0.00   
Program service revenue (total)$7,833,555.00$6,358,827.00$7,350,357.00$7,051,003.00$6,047,983.00
Gross receipts$164,267,848.00$153,990,848.00   
Sources of contributions
Revenue from gov't grants$149,879,514.00$140,099,626.00   
Revenue from all other contributions$647,618.00$253,500.00   
Other types of revenue
Miscellaneous revenue (total)$591,177.00$888,830.00   
Income from dividends, interest, and similar investments$155,752.00$26,839.00   
Net rental income  $0.00$0.00$0.00
Net income from fundraising events$562,891.00$50,807.00   
Expense categories (totals)
Total functional expenses: sum of all$150,404,599.00$137,534,208.00   
Total functional expenses: program service $130,111,042.00$117,119,245.00   
Total functional expenses: management and general$20,293,557.00$20,414,963.00   
Total functional expenses: fundraising$0.00$0.00   
Fees for services
Legal fees (total)$470,723.00$283,940.00   
Fundraising service fees (total)$0.00$0.00   
General management fees (total)$7,565,964.00$7,469,893.00   
Assets and liabilities
Total assets$79,316,937.00$68,779,637.00$57,122,622.00$48,733,682.00$42,120,405.00
Total assets, beginning of year$68,779,637.00$57,122,622.00   
Total liabilities$15,470,090.00$14,198,698.00$12,685,904.00$10,246,758.00$8,837,154.00
Total liabilities, beginning of year$14,198,698.00$12,685,904.00   
Unrestricted net assets, end of yr$59,302,542.00$50,909,662.00   
Temporarily restricted net assets$4,544,305.00$3,671,277.00   
Net assets$63,846,847.00$54,580,939.00   
Net assets, beginning of year$54,580,939.00$44,436,718.00   
Other liabilities$5,371,085.00$4,605,892.00   
Other assets$3,320,033.00$2,256,876.00   
Cash: non-interest bearing$44,725,561.00$40,637,909.00   
Cash: non-interest bearing, beginning of year$40,637,909.00$32,044,178.00   
Other financial variables
Revenue less expenses$9,265,908.00$10,144,221.00   
Accounts receivable, net$55,747.00$125,218.00   
Prepaid expenses & deferred charges$3,138,404.00$2,364,953.00   
Accounts payable & accrued expenses$6,155,220.00$5,945,651.00   
Secured mortgages and notes payable$3,943,785.00$3,647,155.00   
Total net assets or fund balances$63,846,847.00$54,580,939.00   
Depreciation, depletion, amortization$5,912,476.00$5,642,629.00   
Governance and accountability
Number of voting members810   
Number of independent voting members810   
Financial sheets auditedTrueTrue   
Audited on both consolidated and separate basisTrueTrue   
Other accounting method (indicator)TrueTrue   
Tax year start date2016-07-012015-07-01   
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrue    
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990   
Date e-filing submitted2018-04-132017-08-10   
IRS schema version2016v3.02015v3.0   
Filing identifier201820809349300022201700759349301100   
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