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Filing year 2023

SOMERSET ACADEMY INC

Miami, Florida·EIN 31-1569428·NTEE B20Z · Education·501(c)(3)
Total revenue
$498.4M
Total assets
$640.9M
Total expenses
$378.6M
Reported officers
54
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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 49 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Florida.

President
75th to 90th percentile
$238k
$263k
Base
$238k
Bonus
Other
Benefits
Employee
Highest Compensated Employee
75th to 90th percentile
$216k
$238k
Base
$216k
Bonus
Other
Benefits
Vice-president
75th to 90th percentile
$203k
$224k
Base
$203k
Bonus
Other
Benefits
Employee
Highest Compensated Employee
Median to 75th percentile
$161k
$177k
Base
$161k
Bonus
Other
Benefits
Employee
Highest Compensated Employee
Median to 75th percentile
$161k
$177k
Base
$161k
Bonus
Other
Benefits
Employee
Highest Compensated Employee
Median to 75th percentile
$159k
$175k
Base
$159k
Bonus
Other
Benefits
Employee
Highest Compensated Employee
25th percentile to median
$149k
$164k
Employee
Highest Compensated Employee
25th percentile to median
$145k
$160k
Employee
Highest Compensated Employee
25th percentile to median
$142k
$157k
Employee
Highest Compensated Employee
25th percentile to median
$140k
$154k
Employee
Highest Compensated Employee
25th percentile to median
$137k
$150k
Employee
Highest Compensated Employee
25th percentile to median
$136k
$150k
Employee
Highest Compensated Employee
25th percentile to median
$133k
$146k
Employee
Highest Compensated Employee
25th percentile to median
$126k
$139k
Employee
Highest Compensated Employee
25th percentile to median
$124k
$137k
Employee
Highest Compensated Employee
10th to 25th percentile
$121k
$133k
Employee
Highest Compensated Employee
10th to 25th percentile
$118k
$130k
Employee
Highest Compensated Employee
10th to 25th percentile
$117k
$129k
Employee
Highest Compensated Employee
10th to 25th percentile
$117k
$129k
Employee
Highest Compensated Employee
10th to 25th percentile
$116k
$128k
Employee
Highest Compensated Employee
10th to 25th percentile
$116k
$127k
Employee
Highest Compensated Employee
10th to 25th percentile
$115k
$127k
Employee
Highest Compensated Employee
10th to 25th percentile
$113k
$124k
Employee
Highest Compensated Employee
10th to 25th percentile
$113k
$124k
Employee
Highest Compensated Employee
10th to 25th percentile
$113k
$124k
Employee
Highest Compensated Employee
10th to 25th percentile
$111k
$122k
Employee
Highest Compensated Employee
10th to 25th percentile
$111k
$122k
Employee
Highest Compensated Employee
10th to 25th percentile
$109k
$120k
Employee
Highest Compensated Employee
10th to 25th percentile
$108k
$119k
Employee
Highest Compensated Employee
10th to 25th percentile
$108k
$119k
Employee
Highest Compensated Employee
10th to 25th percentile
$108k
$118k
Employee
Highest Compensated Employee
10th to 25th percentile
$107k
$118k
Employee
Highest Compensated Employee
10th to 25th percentile
$106k
$117k
Employee
Highest Compensated Employee
10th to 25th percentile
$106k
$117k
Employee
Highest Compensated Employee
10th to 25th percentile
$106k
$117k
Employee
Highest Compensated Employee
10th to 25th percentile
$106k
$116k
Employee
Highest Compensated Employee
10th to 25th percentile
$106k
$116k
Employee
Highest Compensated Employee
10th to 25th percentile
$105k
$116k
Employee
Highest Compensated Employee
10th to 25th percentile
$105k
$115k
Employee
Highest Compensated Employee
10th to 25th percentile
$104k
$114k
Employee
Highest Compensated Employee
10th to 25th percentile
$103k
$113k
Employee
Highest Compensated Employee
10th to 25th percentile
$103k
$113k
Employee
Highest Compensated Employee
10th to 25th percentile
$102k
$112k
Employee
Highest Compensated Employee
10th to 25th percentile
$101k
$112k
Employee
Highest Compensated Employee
10th to 25th percentile
$101k
$111k
Employee
Highest Compensated Employee
10th to 25th percentile
$101k
$111k
Employee
Highest Compensated Employee
10th to 25th percentile
$101k
$111k
Employee
Highest Compensated Employee
10th to 25th percentile
$100k
$111k
Employee
Highest Compensated Employee
10th to 25th percentile
$100k
$111k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Miami-Fort Lauderdale-West Palm Beach, FL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at SOMERSET ACADEMY INC equaled 0.1% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
0.1%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 5%
from 2022

From $227k in 2022 to $238k in 2023.

$227k
2022
$238k
2023
In today's dollarsEst.
Down 3% in real terms$270k to $263k

Estimated with Miami-Fort Lauderdale-West Palm Beach, FL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 5% from 2022 to 2023, while revenue rose 34%.

$227k in 2022 to $238k in 2023.
  • Highest Compensated Employee pay rose 18% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

1
UPLIFT EDUCATION2023
$374k
2
SOMERSET ACADEMY INC2023
$238k
See full Executive Director compensation rankings across Education
FAQ

Common questions about SOMERSET ACADEMY INC

What does the Chief Executive Officer of SOMERSET ACADEMY INC earn?

In 2023, the Chief Executive Officer of SOMERSET ACADEMY INC received $238,303 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Education organizations in Florida, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SOMERSET ACADEMY INC compare with similar nonprofits?

Compared with the same role at Education organizations in Florida, the 2023 pay of the Chief Executive Officer at SOMERSET ACADEMY INC falls between the 75th and 90th percentiles. In 2023, the highest total compensation at SOMERSET ACADEMY INC equaled 0.1% of the organization's total expenses. The median for education organizations is 7%.

What are SOMERSET ACADEMY INC's revenue and expenses?

In 2023, SOMERSET ACADEMY INC reported $498.4M in total revenue and $378.6M in total expenses on its IRS Form 990.

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