Sommerset Place

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Sommerset Place Form 990, Revenue, CEO Pay, and IRS Filing Signals

Sommerset Place is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Sommerset Place in one place.

Is Sommerset Place Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Sommerset Place shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.

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About Sommerset Place

Sommerset Place (EIN: 480797672) is a nonprofit organization based in Auburn, KS, classified under NTEE code L20Z. The organization reported total revenue of $738K and total assets of $680K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sommerset Place's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Sommerset Place is a small nonprofit that has been operating for 52 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Sommerset Place reported a surplus of $21K with revenue exceeding expenses, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 55.4% (high leverage).

Financial Trends

Over 11 years of filings (2012–2023), Sommerset Place's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Analysis Pending

AI enrichment for Sommerset Place has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Sommerset Place with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $21K, with revenue exceeding expenses.
• Debt-to-asset ratio: 55.4%.

Frequently Asked Questions about Sommerset Place

Filing History

IRS 990 filing history for Sommerset Place showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2012–2023), Sommerset Place's revenue has grown by 3.1%, moving from $362K to $373K. Total assets increased by 63.1% over the same period, from $193K to $314K. Total functional expenses rose by 10.6%, from $318K to $352K. In its most recent filing year (2023), Sommerset Place reported a surplus of $21K, with revenue exceeding expenses. The organization holds $174K in liabilities against $314K in assets (debt-to-asset ratio: 55.4%), resulting in net assets of $140K.

Year-by-Year Financial Summary

• 2023: Revenue of $373K, expenses of $352K, and assets of $314K (revenue +5.3% year-over-year).
• 2022: Revenue of $354K, expenses of $372K, and assets of $324K (revenue +14.9% year-over-year).
• 2020: Revenue of $308K, expenses of $305K, and assets of $377K (revenue +0.6% year-over-year).
• 2019: Revenue of $307K, expenses of $340K, and assets of $401K (revenue -0.4% year-over-year).
• 2018: Revenue of $308K, expenses of $320K, and assets of $241K (revenue +1.5% year-over-year).
• 2017: Revenue of $303K, expenses of $311K, and assets of $187K (revenue -4.8% year-over-year).
• 2016: Revenue of $319K, expenses of $313K, and assets of $195K (revenue -4.9% year-over-year).
• 2015: Revenue of $335K, expenses of $292K, and assets of $189K (revenue +0.1% year-over-year).
• 2014: Revenue of $335K, expenses of $326K, and assets of $145K (revenue -7.7% year-over-year).
• 2013: Revenue of $362K, expenses of $339K, and assets of $157K (revenue +0.2% year-over-year).
• 2012: Revenue of $362K, expenses of $318K, and assets of $193K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Sommerset Place:

Data Sources and Methodology

This transparency report for Sommerset Place is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.