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Also known as: CO MICHAEL ROMNEY
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Somerset East Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2009. The principal officer is Michael H Riomney. It holds total assets of $474K. Annual income is reported at $25K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in New York and Oregon. According to available records, Somerset East Foundation Inc. has made 19 grants totaling $70K, with a median grant of $160. Annual giving has decreased from $49K in 2022 to $21K in 2023. Individual grants have ranged from $100 to $23K, with an average award of $4K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Oregon and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$3K
Average Grant
$3K
Largest Grant
$8K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Somerset East Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 19 grants. Its grantmaking reaches organizations primarily in OR, NY.
Somerset East Foundation Inc. has distributed a total of $70K across 19 grants. The median grant size is $160, with an average of $4K. Individual grants have ranged from $100 to $23K.
Somerset East Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Somerset East Foundation Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Maritza Romney | Treasurer | $0 | $0 | N/A |
| Paula Strada | Vice President | $0 | $0 | N/A |
| Michael H Romney | President | $0 | $0 | N/A |
Total Giving
$24K
Total Assets
$474K
Fair Market Value
$444K
Net Worth
$474K
Grants Paid
$21K
Contributions
N/A
Net Investment Income
$23K
Distribution Amount
$21K
Total: $195K
Total Grants
19
Total Giving
$70K
Average Grant
$4K
Median Grant
$160
Unique Recipients
8
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Child AidSupport for Public Good | Portland, OR | $20K | 2023 |
| The Metropolitan Mueseum Of ArtSupport for Public Good | New York, NY | $600 | 2023 |
| The Museum Of Modern ArtSupport for Public Good | New York, NY | $550 | 2023 |
| Solomon R Guggenheim FoundationSupport for Public Good | New York, NY | $160 | 2022 |
| Museum Of The City Of New YorkSupport for Public Good | New York, NY | $150 | 2022 |
| The Frick CollectionSupport for Public Good | New York, NY | $130 | 2022 |
| Cooper Hewitt Smithsonian Design MuSupport for Public Good | New York, NY | $125 | 2022 |
| El Museo Del BarioSupport for Public Good | New York, NY | $100 | 2022 |