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Nonprofiteer
← COMPASS PRO BONO

Form 990 for tax year 2022

Filed by COMPASS PRO BONO.

Totals

Total revenue
$1,456,445
Total expenses
$1,556,917
Contributions and grants received
$1,254,585
Grants paid
$0
Program service revenue
$174,465
Investment income
$27,395
Other revenue
$0
Total assets, end of year
$1,594,999
Total liabilities, end of year
$64,003
Net assets or fund balances, end of year
$1,530,996
Program services expenses (Part IX)
$960,121
Management and general expenses
$159,129
Fundraising expenses
$437,667
Program service expenses (Part III)
$960,121

Program services were 61.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $87

  • 1f · All other contributions, gifts and grants

    $1,254,498

  • 1g · Noncash contributions included above

    $14,909

  • 2a · Program service revenue: PROGRAM REVENUE

    total $174,465 · related or exempt $174,465

  • 3 · Investment income

    total $25,595 · excluded $25,595

  • 7a · Gross sales of assets other than inventory

    securities $686,946

  • 7b · Less cost or other basis and sales expenses

    securities $685,146

  • 7c · Gain or loss

    securities $1,800

  • 7d · Net gain or loss

    total $1,800 · excluded $1,800

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $256,280 · program services $162,375 · management and general $9,667 · fundraising $84,238

  • 7 · Other salaries and wages

    total $832,073 · program services $527,188 · management and general $31,386 · fundraising $273,499

  • 8 · Pension plan contributions

    total $8,208 · program services $5,200 · management and general $310 · fundraising $2,698

  • 9 · Other employee benefits

    total $29,121 · program services $18,451 · management and general $1,098 · fundraising $9,572

  • 10 · Payroll taxes

    total $86,324 · program services $54,694 · management and general $3,256 · fundraising $28,374

  • 11b · Fees: legal

    total $150 · management and general $150

  • 11c · Fees: accounting

    total $83,208 · management and general $83,208

  • 11e · Fees: professional fundraising services

    total $5,000 · fundraising $5,000

  • 11g · Fees: other

    total $86,673 · program services $70,837 · management and general $3,549 · fundraising $12,287

  • 13 · Office expenses

    total $9,832 · program services $5,766 · management and general $2,774 · fundraising $1,292

  • 14 · Information technology

    total $38,708 · program services $17,782 · management and general $5,003 · fundraising $15,923

  • 16 · Occupancy

    total $35,012 · program services $35,012

  • 17 · Travel

    total $8,434 · program services $8,264 · management and general $156 · fundraising $14

  • 19 · Conferences, conventions and meetings

    total $34,328 · program services $33,636 · management and general $634 · fundraising $58

  • 23 · Insurance

    total $7,823 · program services $500 · management and general $7,323

  • 24a · Other expenses: PROF. DEVELOPMENT

    total $8,974 · program services $8,887 · fundraising $87

  • 24b · Other expenses: MISCELLANEOUS

    total $8,510 · program services $0 · management and general $8,072 · fundraising $438

  • 24c · Other expenses: RETIREMENT PLAN FEES

    total $7,126 · program services $4,515 · management and general $269 · fundraising $2,342

  • 24d · Other expenses: MERCHANT FEES

    total $5,764 · program services $3,612 · management and general $2,072 · fundraising $80

  • 24e · All other expenses

    total $5,369 · program services $3,402 · management and general $202 · fundraising $1,765

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $469,247 · end of year $385,382

  • 2 · Savings and temporary cash investments

    beginning of year $966,953 · end of year $1,022,776

  • 3 · Pledges and grants receivable

    beginning of year $337,142 · end of year $173,956

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,057 · end of year $11,560

  • 11 · Investments: publicly traded securities

    beginning of year $14,793 · end of year $0

  • 15 · Other assets

    beginning of year $4,200 · end of year $1,325

  • 17 · Accounts payable and accrued expenses

    beginning of year $171,610 · end of year $64,003

  • 27 · Net assets without donor restrictions

    beginning of year $1,130,224 · end of year $1,388,535

  • 28 · Net assets with donor restrictions

    beginning of year $497,558 · end of year $142,461

Mission and programs · 2022

Mission

COMPASS PRO BONO FORGES LASTING TIES BETWEEN LOCAL NONPROFITS AND LOCAL BUSINESS PROFESSIONALS TO EMPOWER THRIVING, EQUITABLE, RESILIENT COMMUNITIES. SINCE 2001, COMPASS PRO BONO HAS FACILITATED $141 MILLION IN PRO BONO BUSINESS STRATEGY ENGAGEMENTS.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • PRO BONO CONSULTING. WITH LOCATIONS IN DC, PHILADELPHIA, CHICAGO, AND THE TWIN CITIES, COMPASS PRO BONO RECRUITS AND TRAINS VOLUNTEERS FROM THE LOCAL BUSINESS COMMUNITY AND MATCHES THEM WITH NONPROFITS TO DELIVER A FULL RANGE OF HIGHLY CUSTOMIZED, PRO BONO, BUSINESS STRATEGY CONSULTING SERVICES. OUR PROGRAMS INCLUDE BOTH CONSULTING TEAM AND 1:1 ENGAGEMENTS. IN 2022-2023, WE CONNECTED OVER 800 VOLUNTEERS WITH NEARLY 200 NONPROFITS TO ADDRESS KEY STRATEGIC BUSINESS CHALLENGES AND OPPORTUNITIES IN AREAS INCLUDING FUNDRAISING STRATEGY, MARKETING STRATEGY, TECHNOLOGY STRATEGY, GOVERNANCE, AND GROWTH AND IMPACT PLANS.

    Expenses $718,017

  • THE SORKIN CENTER AT COMPASS PRO BONO DELIVERED A VARIETY OF PROGRAMS THAT BOLSTERED NONPROFIT LEADERSHIP AND GOVERNANCE EXCELLENCE. THROUGH ON BOARD, IT VETTED, TRAINED, AND MATCHED MORE THAN 40 MEMBERS OF LOCAL BUSINESS COMMUNITIES TO LOCAL NONPROFIT BOARDS. THE SIXTH ANNUAL SORKIN SUMMIT IN MAY 2023 EDUCATED OVER 200 NONPROFIT LEADERS AND BOARD MEMBERS FROM ACROSS THE COUNTRY WITH TRAINING FROM BUSINESS LEADERS WHO VOLUNTEERED THEIR EXPERTISE IN GOVERNANCE, NONPROFIT FINANCE, FUNDRAISING, AND BOARDS' ROLES IN ADVANCING DEI. 6 NONPROFIT CEOS / EXECUTIVE DIRECTORS PARTICIPATED IN OUR 3RD COMPREHENSIVE DEI COHORT, WHERE THEY LEARNED FROM, AND RECEIVED 1:1 MENTORING FROM, VOLUNTEER DEI EXPERTS. THE SORKIN CENTER ALSO PROVIDED LOW BONO BESPOKE STRATEGIC PLANNING SERVICES AND NONPROFIT EXCELLENCE TRAINING TO DC-AREA NONPROFITS.

    Expenses $242,104 · Revenue $174,465

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cathy Bernasek

    CHAIR

    Total calculated
    $0
    Hours/week
    8

  • Lucretia Risoleo

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Hurley Doddy

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Ern Blackwelder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Rajib Chanda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Hilary Joel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Burgess Levin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Dean Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Gwenn Rosener

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Paul Singer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Pete B Slone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Kelly Hatcher Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Melissa Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Bethany R Henderson

    CEO

    Total calculated
    $141,172
    From this org
    $136,272
    From related orgs
    $0
    Other
    $4,900
    Hours/week
    40

  • Suzanne B Laporte

    PRESIDENT (UNTIL 2/15/2022)

    Total calculated
    $263,109
    From this org
    $263,109
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $33,968
    Bonus
    $0
    Other
    $229,141
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $263,109

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
SUZANNE LAPORTE RECEIVED A SEVERANCE COMMITMENT OF $174,808, OF WHICH $69,923 WAS PAID IN FY22 AND THE REMAINDER IN FY23.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • COMPASS PHILADELPHIA LLC

    PRO BONO CONSULTING TO NONPROFITS · PA · income $327,384

    Directly controlled by FRIENDS OF COMPASS INC

  • COMPASS CHICAGO LLC

    PRO BONO CONSULTING TO NONPROFITS · IL · income $62,503

    Directly controlled by FRIENDS OF COMPASS INC

Provenance

Return type
form_990
Tax year
2022
Filed
9 April 2024
IRS schema version
2022v5.0
Source object
202401009349300845

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