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Filing year 2024

somerset foundation inc

Atlanta, Georgia·EIN 58-2360568·NTEE T20Z · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$1.1M
Total assets
$2.5M
Total expenses
$223k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. somerset foundation inc reported 3 unpaid officers and board members on its 990-PF.

Secretary
CEO
CFO

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$195k

Itemized grants

28

Median grant

$4k

RecipientLocationPurposeAmount
star-c communitiesatlanta, GAcharitable contribution$20k
ATLANTA YOUTH ACADEMYATLANTA, GACHARITABLE CONTRIBUTION$15k
BEN FRANKLIN ACADEMYATLANTA, GACHARITABLE CONTRIBUTION$15k
THE GOOD SAMARITAN HEALTH CENTERATLANTA, GACHARITABLE CONTRIBUTION$15k
eagle ranchflowery branch, GAcharitable contribution$15k
child advocate networkdecatur, GAchartiable contribution$15k
HEARTBOUND MINISTRIESATLANTA, GACHARITABLE CONTRIBUTION$10k
clifton sanctuary ministriesatlanta, GAcharitable contribution$10k
praying for next generationatlanta, GAcharitable contribution$10k
jam blue ridgehighlands, NCcharitable contribution$10k
CREATE YOUR DREAMSATLANTA, GACHARITABLE CONTRIBUTION$8k
youth sparkatlanta, GAdomestic assistance$8k
connections schoolatlanta, GACHARITABLE CONTRIBUTION$5k
aris theatreatlanta, GAchartiable contribution$4k
working title playwrightsatlanta, GAchartiable contributions$4k
resurgens theatredecatur, GAcharitable contribution$4k
time out youthcharlotte, NCcharitable contribution$4k
covenant house - georgiaatlanta, GAcharitable contribution$3k
we are familycharleston, SCcharitable contribution$3k
one80 placechareleston, SCcharitable contribution$3k
feeding georgiaatlanta, GAcharitable contribution$3k
greater vancouver food bankbritish columbia, CAcharitable contribution$3k
metro vancouver park foundationbritish columbia, CAcharitable contribution$3k
furkidscumming, GAcharitable contribution$3k
sister carmen community centerlafayette, COcharitable contribution$2k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

somerset foundation inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$225k
$189k
2023
$1.1M
$223k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Georgia

somerset foundation inc reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Georgia earns a median of $40,000.

25th percentile
$14k
Median
$40,000
75th percentile
$102k
90th percentile
$237k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 459 organizations across 459 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Georgia
FAQ

Common questions about somerset foundation inc

What are somerset foundation inc's revenue and expenses?

In 2024, somerset foundation inc reported $1.1M in total revenue and $223k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.