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← COMPASS COLLEGIATE ACADEMY

Form 990 for tax year 2024

Filed by COMPASS COLLEGIATE ACADEMY.

Totals

Total revenue
$2,464,931
Total expenses
$2,351,035
Contributions and grants received
$2,301,851
Grants paid
$0
Program service revenue
$157,718
Investment income
$5,362
Other revenue
$0
Total assets, end of year
$535,871
Total liabilities, end of year
$54,212
Net assets or fund balances, end of year
$481,659
Program services expenses (Part IX)
$1,324,518
Management and general expenses
$1,026,517
Fundraising expenses
$0
Program service expenses (Part III)
$1,324,518

Program services were 56.3% 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.

  • 1e · Government grants (contributions)

    $2,100,193

  • 1f · All other contributions, gifts and grants

    $201,658

  • 2a · Program service revenue: PUPIL ACTIVITY

    total $87,705 · related or exempt $87,705

  • 2b · Program service revenue: OTHER REVENUE

    total $50,494 · related or exempt $50,494

  • 2c · Program service revenue: TUITION AND FEES

    total $19,519 · related or exempt $19,519

  • 3 · Investment income

    total $5,362 · excluded $5,362

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $162,974 · management and general $162,974

  • 7 · Other salaries and wages

    total $905,333 · program services $764,390 · management and general $140,943

  • 8 · Pension plan contributions

    total $18,121 · program services $14,064 · management and general $4,057

  • 9 · Other employee benefits

    total $119,400 · program services $80,208 · management and general $39,192

  • 10 · Payroll taxes

    total $82,244 · program services $59,483 · management and general $22,761

  • 11a · Fees: management

    total $26,008 · management and general $26,008

  • 11b · Fees: legal

    total $4,301 · management and general $4,301

  • 11c · Fees: accounting

    total $62,798 · management and general $62,798

  • 11g · Fees: other

    total $129,584 · program services $129,584

  • 12 · Advertising and promotion

    total $25,397 · management and general $25,397

  • 13 · Office expenses

    total $40,081 · program services $12,516 · management and general $27,565

  • 14 · Information technology

    total $33,376 · program services $20,816 · management and general $12,560

  • 16 · Occupancy

    total $152,926 · program services $152,926

  • 17 · Travel

    total $3,716 · management and general $3,716

  • 20 · Interest

    total $434,019 · management and general $434,019

  • 22 · Depreciation, depletion and amortization

    total $4,816 · program services $3,853 · management and general $963

  • 23 · Insurance

    total $14,070 · management and general $14,070

  • 24a · Other expenses: STUDENT SUPPLIES & TEXT

    total $52,606 · program services $52,606

  • 24b · Other expenses: FEE PAID TO DISTRICT

    total $38,604 · management and general $38,604

  • 24c · Other expenses: STUDENT ACTIVITIES

    total $27,694 · program services $27,694

  • 24d · Other expenses: BANK FEES

    total $6,589 · management and general $6,589

  • 24e · All other expenses

    total $6,378 · program services $6,378

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $367,087 · end of year $411,746

  • 3 · Pledges and grants receivable

    beginning of year $12,311 · end of year $38,592

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,720 · end of year $52,493

  • 10a · Land, buildings and equipment: cost or other basis

    $47,256

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,216

  • 10c · Land, buildings and equipment, net

    beginning of year $37,857 · end of year $33,040

  • 15 · Other assets

    beginning of year $20,599 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,387 · end of year $52,612

  • 19 · Deferred revenue

    beginning of year $17,075 · end of year $0

  • 25 · Other liabilities

    beginning of year $350 · end of year $1,600

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $367,762 · end of year $481,659

Mission and programs · 2024

Mission

COMPASS COLLEGIATE ACADEMY'S MISSION IS TO PROVIDE EVERY SCHOLAR WITH THE ACADEMIC FOUNDATION AND STRONG HABITS THAT INSPIRE AND CULTIVATE LIFELONG LEARNERS WHO LEAD PURPOSEFUL, CIVIC LIVES.

  • COMPASS COLLEGIATE ACADEMY (CCA) IS A TUITION-FREE PUBLIC CHARTER SCHOOL AUTHORIZED BY THE SOUTH CAROLINA PUBLIC CHARTER SCHOOL DISTRICT. DURING THE 2024-2025 SCHOOL YEAR, CCA SERVED STUDENTS IN KINDERGARTEN THROUGH 4TH GRADE, WITH PLANS TO CONTINUE ADDING A NEW GRADE EACH YEAR UNTIL THE SCHOOL REACHES FULL K8 ENROLLMENT. APPROXIMATELY 150 STUDENTS WERE ENROLLED DURING THE FISCAL YEAR ENDING JUNE 30, 2026.

    Expenses $1,324,518 · Revenue $157,718

As filed on the 2024 return.

Listed in Part VII

  • Dorothy Knight

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Abby Grady

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Eric Strickland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Toby Cason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melanie Regis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Allison Serafin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcus Backman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Hufford

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Pooh Gephart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Simpson

    EXECUTIVE DIRECTOR

    Total calculated
    $86,179
    From this org
    $86,179
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rachel Brailov

    DIRECTOR OF FINANCE

    Total calculated
    $76,795
    From this org
    $76,795
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202611359349316656

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