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Nonprofiteer
← COMPASS ACADEMY

Form 990 for tax year 2023

Filed by COMPASS ACADEMY.

Totals

Total revenue
$4,605,191
Total expenses
$4,389,034
Contributions and grants received
$1,533,249
Grants paid
$0
Program service revenue
$2,866,509
Investment income
$116,038
Other revenue
$89,395
Total assets, end of year
$4,110,048
Total liabilities, end of year
$2,012,759
Net assets or fund balances, end of year
$2,097,289
Program services expenses (Part IX)
$2,470,336
Management and general expenses
$1,918,698
Fundraising expenses
$0
Program service expenses (Part III)
$2,470,336

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)

    $1,523,773

  • 1f · All other contributions, gifts and grants

    $9,476

  • 2a · Program service revenue: Per Pupil Revenue

    total $2,272,876 · related or exempt $2,272,876

  • 2b · Program service revenue: District Mill Levy

    total $590,096 · related or exempt $590,096

  • 2c · Program service revenue: Tuition and Fees

    total $3,537 · related or exempt $3,537

  • 3 · Investment income

    total $116,038 · excluded $116,038

  • 11a · Other revenue: Pension Accrual Adjust

    total $89,395 · related or exempt $89,395

  • 11e · Other revenue, total

    $89,395

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $323,280 · management and general $323,280

  • 7 · Other salaries and wages

    total $2,060,504 · program services $1,565,891 · management and general $494,613

  • 8 · Pension plan contributions

    total $421,156 · program services $288,515 · management and general $132,641

  • 9 · Other employee benefits

    total $128,360 · program services $84,718 · management and general $43,642

  • 10 · Payroll taxes

    total $33,400 · program services $22,044 · management and general $11,356

  • 11g · Fees: other

    total $1,141,457 · program services $377,363 · management and general $764,094

  • 13 · Office expenses

    total $3,544 · program services $2,412 · management and general $1,132

  • 14 · Information technology

    total $21,866 · program services $21,866

  • 16 · Occupancy

    total $8,607 · program services $7,242 · management and general $1,365

  • 17 · Travel

    total $85,055 · program services $36,187 · management and general $48,868

  • 22 · Depreciation, depletion and amortization

    total $7,927 · management and general $7,927

  • 23 · Insurance

    total $1,851 · management and general $1,851

  • 24a · Other expenses: Supplies & Materials

    total $152,027 · program services $64,098 · management and general $87,929

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,617,539 · end of year $2,986,271

  • 3 · Pledges and grants receivable

    beginning of year $319,697 · end of year $115,163

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,846 · end of year $36,152

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

    $67,622

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

    $40,003

  • 10c · Land, buildings and equipment, net

    beginning of year $3,673 · end of year $27,619

  • 15 · Other assets

    beginning of year $869,279 · end of year $944,843

  • 17 · Accounts payable and accrued expenses

    beginning of year $185,150 · end of year $237,186

  • 23 · Secured mortgages and notes payable

    end of year $25,632

  • 25 · Other liabilities

    beginning of year $1,769,752 · end of year $1,749,941

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,566,557 · end of year $1,765,132

  • 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 $314,575 · end of year $332,157

Mission and programs · 2023

Mission

See Schedule O.Compass Academy will educate youth to be well prepared for post-secondary education, workforce training, and civic participation. Compass Academy will provide multiple pathways for students to achieve adult success. Students at Compass Academy will develop as lifelong learners who think critically to solve problems, as well as foster a lifelong commitment to serve the global community. Compass Academy will enable its students to realize their unique talents, while mastering core academic skills. In addition, students will develop social-emotional strengths as well as learner and leader competencies that are required for success in the 21st century. Compass Academy will deploy a team of diverse City Year - AmeriCorps members, combined with advances in the learning sciences, to create a personalized learning environment where all members of the school community passionately pursue deeper learning.

  • The year ended June 30, 2023 is the ninth year of operations for Compass Academy with 245 funded students.

    Expenses $2,470,336 · Revenue $2,955,904

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jessica Roberts

    Chair and Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Jim Balfanz

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Ana Soler

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Dr Robert Balfanz

    Member

    Total calculated
    $0
    Hours/week
    2

  • Mary Seawell

    Member

    Total calculated
    $0
    Hours/week
    2

  • Christine Morin

    Member

    Total calculated
    $0
    Hours/week
    2

  • Jerry Torrez

    Member

    Total calculated
    $0
    Hours/week
    2

  • Corey Scholes

    Member

    Total calculated
    $0
    Hours/week
    2

  • John Albright

    Member

    Total calculated
    $0
    Hours/week
    2

  • Angela Avilla

    Member

    Total calculated
    $0
    Hours/week
    2

  • Brandon Jones

    Executive Director

    Total calculated
    $159,540
    From this org
    $143,945
    From related orgs
    $0
    Other
    $15,595
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $143,945
    Bonus
    $0
    Other
    $0
    Deferred
    $15,595
    Nontaxable benefits
    $0
    Filer's total
    $159,540

  • Angel Villalobos

    Member

    Total calculated
    $0
    Hours/week
    2

  • Marcia Fulton

    Managing Director

    Total calculated
    $154,466
    From this org
    $139,176
    From related orgs
    $0
    Other
    $15,290
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,176
    Bonus
    $0
    Other
    $0
    Deferred
    $15,290
    Nontaxable benefits
    $0
    Filer's total
    $154,466

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 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349301593

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