Sobay PTO INC

Tax-deductible

Miami, FL501(c)(3)EducationEIN 46-3424359Revenue $227K in FY2025

On file with the IRSsomersetacademybay.com/pto9600 Sw 97th Ave, 33176-2855 · Miami, FLTax-exempt since Jul 2024Publicly supported charity — 170(b)(1)(A)(vi)

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To bring the parents, teachers, administrators, and students of somerset academy bay together.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 30 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $15K a year · 6% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$227K
-0.9% vs prior year
Spent
$199K
To programs
87%
Net assets
$190K
By yearFY2022–FY2025
Revenue
$227K
FY2025▼ -0.9%
Tap a bar for its year
Revenue by fiscal year
FY2022$325K
FY2024$229K
FY2025$227K
Expenses
$199K
FY2025▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2022$303K
FY2024$234K
FY2025$199K
Net assets
$190K
FY2025▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2022$170K
FY2024$162K
FY2025$190K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Exemption reinstated (2016-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jul 2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $173K Management & general 13% · $27K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sobay PTO INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects parents, teachers, administrators, and students of Somerset Academy Bay.

Provided by the organization

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2 programs · $173K · in their own filed words · FY2024
01

The act fund provides the opportunity for both parents and the school to help fund the salaries for teacher assistants. Teacher assistants fill an important role in the classroom; they provided one-on-one tutoring, assist with classrom management, provide instructional assistance and offer teacher support in order to better instruct the…

$103Kprogram expense
02

The pto has created an improvement initiative to enhance the school. In the last year, the pto contributed school enhancements that include turf expansion and repairs to the north campus bathrooms.

$70Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$6K
Grants paid · 3 grants · $457K · 2021–2024
Somerset Academy INCTX · FY2024$102,585
Somerset Academy INCTX · FY2023$153,298
Somerset Academy INCTX · FY2021$200,712

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$227K
Ln 12
Gifts and grantsLn 1h$128K
Other incomeLn 4–11$95K
Investment incomeLn 3$4K
Money outPt IX
$199K
Ln 25
Programscol B$173K
Managementcol C$27K
Owns and owesPt X
$190K
net assets · Ln 32
Cash and savingsLn 1–2$189K
Total assetsLn 16$190K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$128K
Investment incomeLn 3$4K
Other incomeLn 4–11$95K
Total revenueLn 12$227K
Assets in detailPt X, end of year
CashLn 1$189K
Cash and savings togetherLn 1–2$189K
Other assetsLn 15$186
Total assetsLn 16$190K
LiabilitiesLn 26$0
Net assetsLn 32$190K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$161K$189K
Total assetsLn 16$162K$190K
LiabilitiesLn 26$0$0
Net assetsLn 32$162K$190K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$173K$173K
Other expenses (24a–d)Ln 24$26K$26K
All other expensesLn 24e$878$878
Total functional expensesLn 25$199K$173K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $227K$199K$28K$190K 990 PDF
FY2024 $229K$234K−$4K$162K 990 PDF
FY2023 Not on file
FY2022 $325K$303K$22K$170K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $227,179 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $157,373$128,448
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,845$3,563
I-11 Other revenuePrior year $64,961$95,168
I-12 Total revenuePrior year $229,179$227,179
I-13 Grants and similar amounts paidPrior year $197,629$172,587
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $35,955$26,521
I-18 Total expensesPrior year $233,584$199,108
I-19 Revenue less expensesPrior year −$4,405$28,071
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $227,179 across 6 lines filed
Lines not itemized here account for $14,663 of total revenue; see the IRS return.
VIII-1b Membership dues$19,675
VIII-1f All other contributions, gifts and grants$108,773
VIII-1h Total contributions, gifts and grants$128,448
VIII-3 Investment incomeRelated to mission $3,563$3,563
VIII-8 Net income from fundraising eventsExcluded from tax $80,505$80,505
VIII-12 Total revenueRelated to mission $18,226 · Unrelated business $0 · Excluded from tax $80,505$227,179
Part IX · Statement of functional expenses $199,108 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $172,587$172,587
IX-24 Other expenses (24a–d)Management $25,643$25,643
IX-24e All other expensesManagement $878$878
IX-25 Total functional expensesPrograms $172,587 · Management $26,521 · Fundraising $0$199,108
Part X · Balance sheet $189,624 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $161,367$189,438
X-15 Other assetsStart of year $186$186
X-16 Total assetsStart of year $161,553$189,624
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $161,553$189,624
X-33 Total liabilities and net assetsStart of year $161,553$189,624
Part XI · Reconciliation of net assets $189,624 net assets at year end
XI-1 Total revenue$227,179
XI-2 Total expenses$199,108
XI-3 Revenue less expenses$28,071
XI-4 Net assets at start of year$161,553
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$189,624

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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