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Somerset Foundation Inc. is a private corporation based in SOMERSET, KY. The foundation received its IRS ruling in 2014. The principal officer is Elsa J Brown. It holds total assets of $1M. Annual income is reported at $547K. Total assets have grown from $2K in 2013 to $1M in 2024. The foundation is governed by 4 officers and trustees. Donations and financial aid to various individuals and organizations around the world to help aid them in any way possible for whatever necessities they may need. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in Kentucky and Michigan. According to available records, Somerset Foundation Inc. has made 30 grants totaling $488K, with a median grant of $3K. Annual giving has grown from $137K in 2021 to $352K in 2022. Individual grants have ranged from $1K to $75K, with an average award of $16K. The foundation has supported 14 unique organizations. Grants have been distributed to organizations in Kentucky and Tennessee and Ohio. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$5K
Average Grant
$13K
Largest Grant
$43K
Based on 8 grants from the most recent 990-PF filing.
Donations and financial aid to various individuals and organizations around the world to help aid them in any way possible for whatever necessities they may need.
Expenses: $105K
Sending money to help our foundation that is working in romania to aid those needing basic necessities in that country.
Expenses: $64K
Conferences and conventions
Expenses: $25K
Donations and financial aid to various individuals and organizations around the world to help aid them in any way possible for whatever necessities they may need. Based on available records, the foundation has funded 30 grants. Its grantmaking reaches organizations primarily in KY, TN, OH.
Somerset Foundation Inc. has distributed a total of $488K across 30 grants. The median grant size is $3K, with an average of $16K. Individual grants have ranged from $1K to $75K.
Somerset Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Somerset Foundation Inc. is headquartered in SOMERSET, KY. While based in KY, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Elsa Brown | PRESIDENT | $0 | $0 | N/A |
| Victor Catalino | VICE PRESIDE | $0 | $0 | N/A |
| Rodrigo Calderon | TREASURER | $0 | $0 | N/A |
| Christina Brown | SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1M
Fair Market Value
N/A
Net Worth
$838K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
30
Total Giving
$488K
Average Grant
$16K
Median Grant
$3K
Unique Recipients
14
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| William Arrivillaga PerdomoDONEE'S GENERAL PURPOSE | Somerset, KY | $75K | 2022 |
| Jose CalderonDONEE'S GENERAL PURPOSE | Somerset, KY | $43K | 2022 |
| Oliver ZelayaDONEE'S GENERAL PURPOSE | Somerset, KY | $38K | 2022 |
| Florin BagireanuMISSION EXPENSE | Somerset, KY | $4K | 2022 |
| Vicente Hernandez PerezMINISTRY/MISSIONS | Somerset, KY | $3K | 2022 |
| Walter ByrdMISSION EXPENSE | Somerset, KY | $3K | 2022 |
| Tina PurcellDONEE'S GENERAL PURPOSE | Science Hill, KY | $3K | 2022 |
| Victor BuenrostroMISSION EXPENSES | Somerset, KY | $3K | 2022 |
| Valeria ArtigaEDUCATION ASSISTANCE | Somerset, KY | $2K | 2022 |
| Jessica DominguezEDUCATION ASSISTANCE | Nashville, TN | $1K | 2022 |
| Miguelangelo SamuelsMISSION EXPENSE | Columbus, OH | $1K | 2022 |
| Outreach For Jesus MissionsMINISTRY/MISSIONS | Somerset, KY | $8K | 2021 |
| Valentina BenitezDONEE'S GENERAL PURPOSE | Somerset, KY | $2K | 2021 |
| Speda Community FoundationVETERANS PARK | Somerset, KY | $1K | 2021 |