Nonprofit · EIN 95-4378188
THE SOMERSET FOUNDATION INC
Tax-exempt · LOS ANGELES, CA 90016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $75,557 | $89,310 | -$13,753 | $131,258 | $0 | $131,258 |
| December 31, 2023 | 990-EZ | $82,416 | $83,841 | -$1,425 | $145,436 | $0 | $145,436 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $75,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $557
Expenses
- Grants and similar amounts paid
- $88,704
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Printing, publications and postage
- $64
- Other expenses
- $542
Balance sheet and other
- Total assets, start of year
- $145,011
- Total assets, end of year
- $131,258
- Total liabilities, end of year
- $0
- Net assets, end of year
- $131,258
- Cash, savings and investments
- $131,258
- Gross receipts
- $75,557
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Howard B Dratch | Director and President | 3 | $0 |
| Dr Robert Rosenstone | Director Secretary | 1 | $0 |
| Neil Denker | Director | 1 | $0 |
| Jack S Appleyard | Director Treasurer | 1 | $0 |
| Samuel Egan | Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Howard B Dratch | President and CEO | 3 | $0 |
| Dr Robert A Rosenstone | Director Secretary | 1 | $0 |
| Neil Denker | Director Treasurer | 1 | $0 |
| Jack S Appleyard | Director | 1 | $0 |
| Samuel Egan | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5442 VILLAGE GRN # 12, LOS ANGELES, CA 90016-5107
- In care of
- % HOWARD B DRATCH
- Mailing address (990-N for 2025)
- 5442 12 VILLAGE GREEN, LOS ANGELES CA 900165107
- Principal officer (990-N for 2025)
- Howard B Dratch, 5442 12 Village Green, Los Angeles CA 90016
- Signed the 990-EZ
- Howard B Dratch, President and Director
- Phone
- (310) 560-6543
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4378188 or by the name THE SOMERSET FOUNDATION INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
A Public Service Arts and Media Foundation
Program accomplishments
- 0
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 95-4378188
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Unknown (Z99Z)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Howard B Dratch | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $75,557 | $89,310 | $131,258 | IRS |
| 990-EZ | December 2023 | $82,416 | $83,841 | $145,436 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Howard Bruce Dratch | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Howard Dratch | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2007 Officer: Howard B Dratch | December 31, 2007 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-4378188).
Questions about THE SOMERSET FOUNDATION INC
- What is the EIN of THE SOMERSET FOUNDATION INC?
- The employer identification number (EIN) of THE SOMERSET FOUNDATION INC is 95-4378188.
- Is THE SOMERSET FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to THE SOMERSET FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE SOMERSET FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of THE SOMERSET FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE SOMERSET FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of THE SOMERSET FOUNDATION INC?
- The 990-N for 2025 names Howard B Dratch.
- Who are the officers and directors of THE SOMERSET FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does THE SOMERSET FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $75,557, expenses of $89,310 and total assets of $131,258 at year end.
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