2019-03-27T13:03:40-05:00 2018-06-30 204946415 HLB GRAVIER LLP 396 ALHAMBRA CIRCLE SUITE 900 CORAL GABLES FL 331345095 990 2017-07-01 311569428 SOMERSET ACADEMY INC SOME 3056692906 6340 SUNSET DRIVE MIAMI FL 33143 TODD GERMAN BOARD CHAIR 3056692906 2019-03-27 1 LEONARDO D GRAVIER P00368983 3054463022 12.161.32.230 2019-03-27 14:03:31 ED P 6EC6CA804DBA66BA244E11912D86C2FA421F15BD 3FBAFE4B21635A4B03158F5536DA824513D068E3 2017 2019-02-21 02:37:17Z TODD GERMAN 6340 SUNSET DRIVE MIAMI FL 33143 201277930 0 X WWW.SOMERSETACADEMYSCHOOLS.COM X 1997 FL 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. 7 7 2789 6329 0 0 150527132 185813956 7833555 8289595 155752 515032 1154068 739805 159670507 195358388 103500 25000 0 0 77631694 101031507 0 0 0 72669405 84597140 150404599 185653647 9265908 9704741 79316937 112671568 15470090 38705398 63846847 73966170 X 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. 0 0 161574149 25000 9400618 PROVIDES EDUCATION FOR CHILDREN FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. FOR THE FISCAL YEAR ENDED JUNE 30, 2018 22,500 STUDENTS WERE ENROLLED. 161574149 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 296 0 1 2789 1 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ANA MARIA MARTINEZ 3056692906 6340 SUNSET DRIVE MIAMI FL 33143 LOURDES ISLA DIRECTOR,CHAIRMAN 2.00 X 0 0 0 TODD GERMAN VICE-CHAIR,TREASURER 2.00 X X 0 0 0 LOUIS MARIN VICE-CHAIR,DIRECTOR 2.00 X 0 0 0 DAVID CONCEPCION DIRECTOR 2.00 X 0 0 0 ANA DIAZ DIRECTOR, SECRETARY 2.00 X X 0 0 0 BERNARDO MONTERO PRESIDENT 40.00 X X 197119 0 0 JENNIFER ESQUIJAROSA DIRECTOR 2.00 X 0 0 0 SUZETTE RUIZ VICE-PRESIDENT 40.00 X X 145718 0 0 GEORGE OZUNA DIRECTOR (RESIGNED 04/27/2018) 2.00 X 0 0 0 DR BERNARD KIMMEL DIRECTOR 2.00 X 0 0 0 TONY MORALES DIRECTOR (RESIGNED 11/17/2017) 2.00 X 0 0 0 ATHENA GUILLEN EMPLOYEE 40.00 X 124563 0 0 ALEXANDRA PRIETO EMPLOYEE 40.00 X 124828 0 0 IDALIA SUAREZ EMPLOYEE 40.00 X 107033 0 0 KERRI ANN RODRIGUEZ EMPLOYEE 40.00 X 155054 0 0 KIM GUILARTE EMPLOYEE 40.00 X 160988 0 0 DONYALE MCGEE EMPLOYEE 40.00 X 127210 0 0 ALINA LOPEZ EMPLOYEE 40.00 X 117413 0 0 DONNA KAYE EMPLOYEE 40.00 X 104764 0 0 MARIA MONGEOTTI GREER EMPLOYEE 40.00 X 103260 0 0 DINA MILLER EMPLOYEE 40.00 X 118041 0 0 DENNIS MULROONEY EMPLOYEE 40.00 X 104077 0 0 CORY OLIVER EMPLOYEE 40.00 X 116042 0 0 OLATUNJI WILLIAMS EMPLOYEE 40.00 X 100625 0 0 1906735 0 0 15 0 1 0 ADP TOTAL SOURCE 10200 SW SUNSET DRIVE MIAMI FL 33173 EMPLOYEE LEASING 79771604 ACADEMICA BROWARD LLC 6340 SUNSET DRIVE MIAMI FL 33143 EDUCATIONAL SUPPORT PROVIDER 4820025 ACADEMICA DADE LLC 6340 SUNSET DRIVE MIAMI FL 33143 EDUCATIONAL SUPPORT PROVIDER 2942213 BOYNTON SCHOOL PROPERTY LLC 6457 SUNSET DRIVE MIAMI FL 33143 RENTAL 2278167 BROWARD DEVELOPMENT III LLC 1126 S FEDERAL HWY 375 FT LAUDERDALE FL 33316 RENTAL 1857661 54 185214981 598975 345975 185813956 AFTER SCHOOL INCOME 611710 4764728 4764728 INSTRUCTION SERVICES 611710 1074468 1074468 LUNCH FEES 611710 924310 924310 RENTAL INCOME 531120 901236 901236 COMMUNITY SERVICES INCOME 611710 284766 284766 340087 340087 8289595 515032 515032 6063356 5919542 143814 143814 OTHER INCOME 611710 287023 287023 AFFILIATION FEES 611710 259978 259978 PRE-K INCOME 611710 48990 48990 595991 195358388 9400618 0 143814 25000 25000 85202037 73397793 11804244 1391781 1143406 248375 14285299 12384190 1901109 152390 137977 14413 8869726 6042033 2827693 698566 149488 549078 612420 160 612260 4881541 3062017 1819524 163511 163511 41300 41300 26063728 25772083 291645 969122 836120 133002 382910 382910 6791848 6779348 12500 2061489 2001732 59757 STUDENT LUNCH EXPENSES 5161510 5149160 12350 AFTERCARE EXPENSES 4325828 4325828 REPAIRS & MAINTENANCE 4313967 4313358 609 SUPPLIES 3196476 2760389 436087 16063198 12706346 3356852 185653647 161574149 24079498 0 44725561 67218126 55747 72476 3138404 3914669 77321366 42481322 28077192 34840044 3320033 6626253 79316937 112671568 6155220 10949670 70074 3943785 20766048 5371085 6919606 15470090 38705398 X 59302542 67430117 4544305 6536053 63846847 73966170 79316937 112671568 X 9704741 414582 X X 0 1 X 1 0 X 4406346 4406346 21084398 9039752 12044646 33576565 24816517 8760048 18254057 8625053 9629004 34840044 DEPOSITS 566973 DUE FROM GOVERNMENTAL AGENCIES 5385224 LONG TERM RECEIVABLE FROM LANDLORD 365319 DUE FROM ESP 308737 6626253 ACCRUED RENT PAYABLE 5731728 DUE TO STUDENTS & CLUBS 1187878 6919606 196870282 1511894 1511894 195358388 0 195358388 186750959 1097312 1097312 185653647 0 185653647 PART XI, LINE 2D - OTHER ADJUSTMENTS: FOR TAX PURPOSES $126,676 OF DIRECT FUNDRAISING EXPENSES WERE REFLECTED AS A DECREASE IN REVENUES, HOWEVER THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS REFLECT THIS AMOUNT AS AN EXPENSE. REVENUES REFLECTED ON FORM 990 FOR TAX YEAR 06/30/2018 OF JFK PRIOR TO BECOMING PART OF SOMERSET ACADEMY INC. AND RENTAL REVENUE RECEIVED FROM JFK AFTER ITS CHARTER WAS TRANSFERRED TO SOMERSET ACADEMY INC $ 1,385,218 PART XII, LINE 2D - OTHER ADJUSTMENTS: FOR TAX PURPOSES $126,673 OF DIRECT FUNDRAISING EXPENSES WERE REFLECTED AS A DECREASE IN REVENUES, HOWEVER THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS REFLECT THIS AMOUNT AS AN EXPENSE. EXPENSES REFLECTED ON FORM 990 FOR TAX YEAR 06/30/2018 OF JFK PRIOR TO BECOMING PART OF SOMERSET ACADEMY INC. AND RENTAL EXPENSE PAID BY JFK AFTER ITS CHARTER WAS TRANSFERRED TO SOMERSET ACADEMY INC $ 970,636 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EXPLANATION: A NON-DISCRIMATORY STATEMENT IS INCLUDED IN REGISTRATION PACKETS, SCHOOL WEBSITES, EMPLOYEE HANDBOOKS, AND OTHER DISTRUBUTED MATERIALS. FURTHER, THE CHARTER SCHOOL CONTRACT WITH THE LOCAL SCHOOL DISTRICT INCLUDES A NON DISCRIMINATORY STATEMENT. ADDITIONALLY, A PUBLIC NOTICE IS PUBLISHED EACH YEAR FOR THE LUNCH PROGRAM ON THE LOCAL NEWSPAPER AND TV STATIONS. SCHEDULE E, LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THIS ORGANIZATION RECEIVES GOVERNMENT GRANTS THAT ALLOW IT TO PROVIDE A QUALITY EDUCATION TO ITS STUDENTS. SCHEDULE E, PART I, LINE 4 THIS SCHOOL DOES NOT OFFER SCHOLARSHIPS AND/OR FINANCIAL ASSISTANCE TO ANY STUDENTS. VARIOUS FUNDRAISING EVENTS 6063356 6063356 5919542 6063356 6063356 5919542 5919542 143814 1 SOMERSET VIRTUAL ACADEMY INC 6340 SUNSET DRIVE MIAMI FL 33143 901139872 501(C)3 25000 FMV TO SUPPORT EDUCATION 1 FORM 990, SCHEDULE I, PART I, LINE 2 THE SCHOOL WORKS CLOSELY WITH THE GRANT RECEIPIENTS TO ENSURE THAT THE FUNDS ARE USED FOR THEIR INTENDED PURPOSES. X X 0 0 0 0 0 0 0 0 0 BERNARDO MONTERO PRESIDENT 197119 0 0 0 0 0 0 0 0 0 197119 0 0 0 KERRI ANN RODRIGUEZ EMPLOYEE 155054 0 0 0 0 0 0 0 0 0 155054 0 0 0 KIM GUILARTE EMPLOYEE 160988 0 0 0 0 0 0 0 0 0 160988 0 0 0 X EDUCATIONAL SUPPORT SERVICES 1 336375 X CONSULTING SERVICES 1 9600 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 ACADEMICA DADE LLC, ACADEMICA BROWARD LLC,AND ACADEMICA SOUTHWEST LLC, EDUCATIONAL SERVICE AND SUPPORT PROVIDER COMPANIES, PROVIDE PROFESSIONAL SERVICES AND RELATED SUPPORT TO PUBLIC CHARTER SCHOOLS, INCLUDING, BUT NOT LIMITED TO, ACADEMIC SUPPORT, FACILITY DEVELOPMENT AND COMPLIANCE, HUMAN RESOURCE AND PAYROLL COORDINATION, REGULATORY COMPLIANCE, LEGAL AND CORPORATE UPKEEP, BOOKKEEPING AND ACCOUNTING, BUDGETING, AND FINANCIAL REPORTING. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION REVIEWS THE CONTENTS OF THE FORM 990 BEFORE SUBMITTING TO INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES THAT ALL OFFICERS AND/OR DIRECTORS DISCLOSE ANY ACTIVITY THAT MAY BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 DURING THE DETERMINATION OF COMPENSATION OF OFFICERS OR KEY EMPLOYEES, THE ORGANIZATION REVIEWS THE OFFICER'S CONTRACT, BUDGET, AND PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 18 THIS INFORMATION IS AVAILABLE TO THE PUBLIC VIA WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THIS INFORMATION IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: THE ORGANIZATION INTEGRATED A NEW SCHOOL INTO ITS EXISTING STRUCTURE AFTER THAT SCHOOL'S CHARTER WITH THE SCHOOL BOARD OF PALM BEACH COUNTY WAS TRANSFERRED OVER TO ITS NAME. AS SUCH THE PRIOR CHARTER HOLDER'S (JFK) MEDICAL CENTER CHARTER SCHOOL INC) NET ASSET BALANCE WAS ASSUMED BY THE ORGANIZATION DURING ITS TAX YEAR ($ 414,582) AND IS REFLECTED AS AN INCREASE IN THE ORGANIZATION'S NET ASSET ON FORM 990 PART XI LINE 9. 414,582. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HABOR ELECTION SOMERSET ACADEMY INC 6340 SUNSET DRIVE MIAMI, FL 33143 EIN:31-1569428 FOR THE YEAR ENDING JUNE 30, 2018 SOMERSET ACADEMY INC IS MAKING THE MINIMIS SAFE HABOR ELECTION UNDER REG.SEC.1.263(A)-1(F). SECTION 1.263(A)-1(N) ELECTION SOMERSET ACADEMY INC 6340 SUNSET DRIVE MIAMI, FL 33143 EIN:31-1569428 FOR THE YEAR ENDING JUNE 30, 2018 SOMERSET ACADEMY INC IS ELECTING TO CAPITALIZE REPAIRS AND MAINTENANCE COSTS UNDER REG.SEC.1.263(A)-1(N). SOMERSET ACADEMY FOUNDATION INC 20805 JOHNSON ST PEMBROKE PINES FL 33029 464129017 EDUCATIONAL SUPPORT FL 501(C)(3) LINE 12A, I 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 SOMERSET ACADEMY FOUNDATION K 464800 FAIR MARKET VALUE