Somerset Academy
Somerset Academy reported $429.8 million in revenue and $395.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.18 went to program services, $10.82 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 92.1% of the total. Government grants made up 92.0%. The highest compensation it reported for one person was $245,726 (PRESIDENT). 81 people received more than $100,000 in reportable compensation. Revenue rose 71% 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 $395MFor 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 $430MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.8% | 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 | 92.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 92.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 5.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $245,726 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.06% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 81 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 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 |
|---|---|---|---|---|
| PRESIDENT Officer, 40.00 hrs/week | $245,726 | $0 | $0 | $245,726 |
| EMPLOYEE Highest compensated employee, 40.00 hrs/week | $224,000 | $0 | $0 | $224,000 |
| VICE-PRESIDENT Officer, 40.00 hrs/week | $210,250 | $0 | $0 | $210,250 |
| EMPLOYEE Highest compensated employee, 40.00 hrs/week | $178,094 | $0 | $0 | $178,094 |
| EMPLOYEE Highest compensated employee, 40.00 hrs/week | $167,352 | $0 | $0 | $167,352 |
| EMPLOYEE Highest compensated employee, 40.00 hrs/week | $167,023 | $0 | $0 | $167,023 |
| EMPLOYEE Highest compensated employee, 1.00 hrs/week | $165,049 | $0 | $0 | $165,049 |
81 people received more than $100,000 in reportable compensation from Somerset Academy (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–1b5 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- 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 54,252
- Volunteers Part I, line 66,953
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ADP TOTAL SOURCE Payroll provider | $190,506,094 |
| ACADEMICA BROWARD LLC Educational support provider | $9,518,248 |
| ACADEMICA DADE LLC Educational support provider | $6,527,077 |
| CHENEY BROTHERS INC Food provider | $5,288,321 |
| IT SAWY LLC It services provider | $4,674,912 |
Individuals listed as contractors are left out. 160 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Somerset Academy totaling $250K 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'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, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Somerset Academy spent in FY2025, $89.18 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- University of ReadingUnited Kingdom, · revenue $427M · programs 67.2% · FY2025
- Saint Joseph's UniversityPhiladelphia, PA · revenue $430M · programs 87.3% · FY2025
- The Catholic University of AmericaWashington, DC · revenue $425M · programs 88.9% · FY2025
- Texas A&M FoundationCollege Station, TX · revenue $434M · programs 67.9% · FY2025
- Providence CollegeProvidence, RI · revenue $424M · programs 82.6% · FY2025
Questions people ask
How much of Somerset Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, Somerset Academy reported that 89.2% of its $395.1 million in expenses went to program services, 10.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Somerset Academy pay its top executive?
The largest total compensation Somerset Academy reported for one person in the fiscal year ending June 30, 2025 was $245,726, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Somerset Academy get its money?
Of $429.8 million in revenue in the fiscal year ending June 30, 2025, 92.1% came from contributions and grants (including 92.0% from government grants) and 5.5% from program service revenue (Form 990, Part VIII).
Is Somerset Academy a registered charity?
The IRS lists EIN 31-1569428 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 202610899349301151 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202540569349301304 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202440809349300819 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202310899349301306 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220909349300222 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202130789349300313 · read the filing
All filings for EIN 31-1569428: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.