Somerset Academy of Las Vegas
Somerset Academy of Las Vegas reported $111.0 million in revenue and $114.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.00 went to program services, $10.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.7% of the total. The highest compensation it reported for one person was $238,736 (PRINCIPAL). 16 people received more than $100,000 in reportable compensation. Revenue rose 46% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $114MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $111MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 5.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.9% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $238,736 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.21% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 16 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -0.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $176,691 | $0 | $62,045 | $238,736 |
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $214,452 | $0 | $11,866 | $226,318 |
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $139,880 | $0 | $59,510 | $199,390 |
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $137,353 | $0 | $53,633 | $190,986 |
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $144,504 | $0 | $43,254 | $187,758 |
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $134,110 | $0 | $52,735 | $186,845 |
16 people received more than $100,000 in reportable compensation from Somerset Academy of Las Vegas (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5987
- Volunteers Part I, line 61,549
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ACADEMICA NEVADA Management services | $4,713,453 |
| TROOP LLC Guest teacher services | $983,310 |
| GREEN LIVING SERVICES Landscaping services | $855,629 |
| DC BUILDING GROUP LLC Construction services | $337,821 |
| CURRICULUM ASSOCIATED LLC Education learning programs | $300,718 |
Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Somerset Academy of Las Vegas totaling $561 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Somerset Academy of Las Vegas's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Somerset Academy of Las Vegas, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Somerset Academy of Las Vegas spent in FY2025, $90.00 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Texas A&M University 12th Man FoundationCollege Station, TX · revenue $111M · programs 76.8% · FY2025
- Lee UniversityCleveland, TN · revenue $111M · programs 80.7% · FY2025
- University of LynchburgLynchburg, VA · revenue $111M · programs 86.5% · FY2025
- University of MaryBismarck, ND · revenue $112M · programs 84.4% · FY2025
- 'Iolani SchoolHonolulu, HI · revenue $111M · programs 84.2% · FY2025
Questions people ask
How much of Somerset Academy of Las Vegas's spending goes to programs?
In the fiscal year ending June 30, 2025, Somerset Academy of Las Vegas reported that 90.0% of its $114.0 million in expenses went to program services, 10.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Somerset Academy of Las Vegas pay its top executive?
The largest total compensation Somerset Academy of Las Vegas reported for one person in the fiscal year ending June 30, 2025 was $238,736, for the role of PRINCIPAL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Somerset Academy of Las Vegas get its money?
Of $111.0 million in revenue in the fiscal year ending June 30, 2025, 5.2% came from contributions and grants (including 4.9% from government grants) and 92.7% from program service revenue (Form 990, Part VIII).
Is Somerset Academy of Las Vegas a registered charity?
The IRS lists EIN 27-5393412 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611349349311586 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511279349302556 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441279349303539 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321319349307457 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231329349301928 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101359349300800 · read the filing
All filings for EIN 27-5393412: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.