Somerset Academy Inc
89% goes to programs $0 to raise $100 Strong reserves Growing revenue
Somerset Academy Inc is a 501(c)(3) organization based in San Antonio, Texas, registered in 1998, with $429,843,272 in FY2024 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
4802 Vance Jackson Rd, San Antonio, TX, 78230 EIN 31-1569428 Since 1998
Revenue (FY2024)
$429.8M
▼ 13.8% vs prior year
Education median: $200K
Expenses (FY2024)
$395.1M
Net assets
$275.6M
Employees
4,252
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Somerset Academy Inc: 89% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Somerset Academy Inc: 8 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Somerset Academy Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Somerset Academy Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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.
Contact & location
- Address
- 4802 Vance Jackson Rd, San Antonio, TX, 78230
- City
- San Antonio
- State
- Texas
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $147.7M (FY2015) to $429.8M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $389.6MNet assets $275.6M
Operating margin
8.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$665.2M
Total liabilities
$389.6M
Net assets
$275.6M
Salaries & benefits
$216.7M
55% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $429,843,272▼13.8% | $395,085,035▲4.4% | $275,599,754▲14.4% | $665,247,185▲3.8% | 990 |
| 2023 | $498,370,221▲33.9% | $378,607,558▲6.6% | $240,841,517▲98.9% | $640,918,206▲17.4% | 990 |
| 2022 | $372,140,972▲14.7% | $355,265,196▲10.8% | $121,078,854▲16.2% | $546,057,670▲6.2% | 990 |
| 2021 | $324,310,430▲10.3% | $320,728,209▲20.2% | $104,203,078▲0.4% | $514,166,798▲161% | 990 |
| 2020 | $293,901,770▲16.9% | $266,814,660▲7.0% | $103,799,230▲35.0% | $197,106,992▲27.9% | 990 |
| 2019 | $251,355,560▲11.8% | $249,353,491▲11.2% | $76,895,000▲3.0% | $154,096,220▲4.2% | 990 |
| 2018 | $224,877,351▲15.1% | $224,200,113▲20.8% | $74,643,408▲0.9% | $147,831,589▲31.2% | 990 |
| 2017 | $195,358,388▲22.4% | $185,653,647▲23.4% | $73,966,170▲15.8% | $112,671,568▲42.1% | 990 |
| 2016 | $159,670,507▲8.1% | $150,404,599▲9.4% | $63,846,847▲17.0% | $79,316,937▲15.3% | 990 |
| 2015 | $147,678,429 | $137,534,208 | $54,580,939 | $68,779,637 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Bernardo Montero — $245,726 (0.06% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bernardo Montero | President | 40 | $245,726 |
| Kerri Ann O'sullivan | Employee | 40 | $224,000 |
| Suzette Ruiz | Vice-president | 40 | $210,250 |
| Cecilia Guilarte | Employee | 40 | $178,094 |
| Alexandra Prieto | Employee | 40 | $167,352 |
| Erika Rains | Employee | 40 | $167,023 |
| Donyale Mcghee | Employee | 1 | $165,049 |
| Ana Diaz | Director, Secretary & Vice-chair | 2 | — |
| Brian Matthew Cox | Director | 2 | — |
| David Concepcion | Director | 2 | — |
| Taylor Smith | Director | 2 | — |
| Todd German | Director, Chairman & Treasurer | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| 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 |
Grants received · $914K total
9 grants to Somerset Academy Inc totaling $914K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| 50can Inc | To support summer boost | 2024 | $531,911 |
| 50can Inc | To support summer boost | 2023 | $279,562 |
| Share Our Strength | Breakfast | 2023 | $22,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $20,000 |
| Share Our Strength | Childhood hunger programs | 2022 | $15,000 |
| Share Our Strength | Childhood hunger programs | 2022 | $15,000 |
| Project Lead the Way Inc | Program implementation | 2021 | $10,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2017 | $15,000 |
| For Inspiration and Recognition of Science and Technology First | Kit of parts & program participation | 2014 | $6,000 |
Grants made · $125K in FY2024
1 grant totaling $125K in FY2024. All grants made by Somerset Academy Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Collegiate Preparatory Academy | To support education | $125,000 |
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Compare Somerset Academy Inc
Frequently asked questions
- Is Somerset Academy Inc a legitimate nonprofit?
- Yes. Somerset Academy Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1569428, based in San Antonio, Texas. Donations are tax-deductible.
- What is Somerset Academy Inc's EIN?
- Somerset Academy Inc's Employer Identification Number (EIN) is 31-1569428.
- How much revenue does Somerset Academy Inc report?
- Somerset Academy Inc reported $429,843,272 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Somerset Academy Inc's spending goes to programs?
- Somerset Academy Inc spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Somerset Academy Inc have?
- CharityIndex grades Somerset Academy Inc A, based on program efficiency and fundraising cost.
- How much does Somerset Academy Inc's highest-paid employee make?
- The highest reported compensation on Somerset Academy Inc's latest Form 990 is $245,726, paid to Bernardo Montero (President).
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Data for Somerset Academy Inc (EIN 31-1569428) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.