Compass Working Capital ("Compass") provides savings and financial coaching programs that support families with low incomes to build assets, achieve their financial goals, and become financially secure. Our broader vision isto build a leading, nonprofit financial services organization thatpromotes economic mobility and financial security for families with lowincomes by influencing field-related practice and policy.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 37 volunteers and 54 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.8M a year · 32% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
24 mo
of spending, in cash
Looks good: 24.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $105K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.4M
+4% vs prior year
Spent
$11.1M
To programs
74%
Net assets
$24.3M
By yearFY2021–FY2025
Revenue
$18.4M
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$7.5M
FY2022$6.9M
FY2023$9.7M
FY2024$17.6M
FY2025$18.4M
Expenses
$11.1M
FY2025▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2021$6.4M
FY2022$6.8M
FY2023$7.7M
FY2024$9.1M
FY2025$11.1M
Net assets
$24.3M
FY2025▲ +44%
Tap a bar for its year
Net assets by fiscal year
FY2021$6.3M
FY2022$6.4M
FY2023$8.4M
FY2024$17.0M
FY2025$24.3M

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $8.2M Management & general 20% · $2.2M Fundraising 7% · $765K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$222,260Pt VII · Sec A
CFO/Treasurer
$169,783Pt VII · Sec A
Chief External Affairs Officer
$169,390Pt VII · Sec A
Chief Human Resources Officer
$167,964Pt VII · Sec A
Dir. of Programs/Cpo
$146,256Pt VII · Sec A
Director of Client Success
$102,242Pt VII · Sec A
Director of Impact & Innovation
$100,563Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Markita Morris-Louis$222,260$193,490$187,098$145,126$148,265
Sharon E Riva——$51,662$171,152$169,988
Jalynne Santiago$169,783$140,584$76,352——
James Stuart$169,390$125,516$114,941$113,538$115,861
McKinsey Alston$167,964$138,848$141,531——
Moriah Garcia Nelson$146,256$101,569———
Carter McClure—$143,984———
Ann Lentell——$129,286$121,677$121,214

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides savings and financial coaching to help low-income families build assets and achieve financial security.

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3 programs · $8.2M · in their own filed words · FY2024
01

Family Self-Sufficiency (fss) Program

Since 2010, compass working capital ("compass") has partnered with public housing agencies and private owners of affordable housing to develop and implement an asset-building and financial capability model for the family self-sufficiency ("FSS") program, a historically underutilized savings and employment program overseen by the U.S.

$6.5Mprogram expense
02

National Field-Building, Training, and Technical Assistance

The FSS program has the potential to reach an estimated 2.2 million households nationally, yet only a tiny subset less than 3% of eligible households are currently able to take advantage of the program.

$998Kprogram expense
03

Systems and Policy Change

To deliver on our mission and fully support families to reach their financial goals, compass combines direct service and field-building with work on broader systems and policy change. Our focus is largely on issues related to expanding the scope and impact of the FSS program, as well as other priorities related to our mission to end…

$695Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$105K
See all 3 funders →
Grants paid · 6 grants · $348K · 2021–2024
Unitemized GrantFY2024$73,500
Unitemized GrantFY2023$140,000
Unitemized GrantFY2023$25,000
Unitemized GrantFY2022$64,000
Womens WayPA · FY2021$25,000
Unitemized GrantFY2021$20,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$18.4M
Ln 12
Gifts and grantsLn 1h$17.3M
Investment incomeLn 3$564K
Fees for servicesLn 2g$452K
Money outPt IX
$11.1M
Ln 25
Programscol B$8.2M
Managementcol C$2.2M
Fundraisingcol D$765K
Owns and owesPt X
$24.3M
net assets · Ln 32
Cash and savingsLn 1–2$22.5M
Total assetsLn 16$26.3M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
14
listed · VII A
PaidVII A7
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17.3M
Government grantsLn 1e$1.2M
Fees for servicesLn 2g$452K
Investment incomeLn 3$564K
Other incomeLn 4–11$148K
Total revenueLn 12$18.4M
Assets in detailPt X, end of year
CashLn 1$629K
SavingsLn 2$21.9M
Cash and savings togetherLn 1–2$22.5M
Land, buildings, equipmentLn 10c$350K
Other assetsLn 15$152K
Total assetsLn 16$26.3M
LiabilitiesLn 26$2.0M
Net assetsLn 32$24.3M
OperationsPt I, VI
EmployeesI 554
VolunteersI 637
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$14.8M$22.5M
Land, buildings, equipmentLn 10c$428K$350K
Total assetsLn 16$18.5M$26.3M
LiabilitiesLn 26$1.6M$2.0M
Net assetsLn 32$17.0M$24.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$74K$74K
Pay of current officers, directors and key staffLn 5$518K$43K$321K$155K
Other salaries and wagesLn 7$6.3M$5.2M$818K$307K
Pension plan contributionsLn 8$165K$144K$14K$8K
Other employee benefitsLn 9$696K$587K$74K$35K
Payroll taxesLn 10$533K$410K$92K$31K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$158K$158K
Lobbying feesLn 11d$85K$85K
Other fees for servicesLn 11g$961K$446K$331K$183K
Office expensesLn 13$372K$288K$71K$12K
Information technologyLn 14$114K$23K$90K$733
OccupancyLn 16$167K$141K$19K$7K
Conferences, conventions and meetingsLn 19$389K$246K$137K$6K
Depreciation, depletion and amortizationLn 22$277K$256K$5K$16K
InsuranceLn 23$39K$22K$17K$118
Other expenses (24a–d)Ln 24$232K$223K$6K$3K
Total functional expensesLn 25$11.1M$8.2M$2.2M$765K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $18.4M$11.1M$7.3M$24.3M 990 PDF
FY2024 $17.6M$9.1M$8.5M$17.0M 990 PDF
FY2023 $9.7M$7.7M$2.0M$8.4M 990 PDF
FY2022 $6.9M$6.8M$95K$6.4M 990 PDF
FY2021 $7.5M$6.4M$1.1M$6.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $18,415,281 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,840,901$17,250,903
I-9 Program service revenuePrior year $3,325,683$452,277
I-10 Investment incomePrior year $457,756$563,658
I-11 Other revenuePrior year $3,550$148,443
I-12 Total revenuePrior year $17,627,890$18,415,281
I-13 Grants and similar amounts paidPrior year $165,000$73,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,680,519$8,203,446
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,261,051$2,804,581
I-18 Total expensesPrior year $9,106,570$11,081,527
I-19 Revenue less expensesPrior year $8,521,320$7,333,754
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $18,415,281 across 7 lines filed
VIII-1e Government grants$1,210,942
VIII-1f All other contributions, gifts and grants$16,039,961
VIII-1h Total contributions, gifts and grants$17,250,903
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $452,277$452,277
VIII-3 Investment incomeExcluded from tax $563,658$563,658
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $148,443$148,443
VIII-12 Total revenueRelated to mission $600,720 · Unrelated business $0 · Excluded from tax $563,658$18,415,281
Part IX · Statement of functional expenses $11,081,527 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $73,500$73,500
IX-5 Pay of current officers, directors and key staffPrograms $42,667 · Management $320,609 · Fundraising $155,153$518,429
IX-7 Other salaries and wagesPrograms $5,165,362 · Management $817,957 · Fundraising $307,287$6,290,606
IX-8 Pension plan contributionsPrograms $143,507 · Management $13,737 · Fundraising $7,510$164,754
IX-9 Other employee benefitsPrograms $586,592 · Management $74,380 · Fundraising $35,469$696,441
IX-10 Payroll taxesPrograms $410,400 · Management $91,654 · Fundraising $31,162$533,216
IX-11b Legal feesManagement $10,983$10,983
IX-11c Accounting feesManagement $157,910$157,910
IX-11d Lobbying feesPrograms $84,709$84,709
IX-11g Other fees for servicesPrograms $446,182 · Management $331,152 · Fundraising $183,361$960,695
IX-13 Office expensesPrograms $287,881 · Management $71,496 · Fundraising $12,255$371,632
IX-14 Information technologyPrograms $23,294 · Management $90,015 · Fundraising $733$114,042
IX-16 OccupancyPrograms $141,086 · Management $19,396 · Fundraising $6,519$167,001
IX-19 Conferences, conventions and meetingsPrograms $245,742 · Management $136,698 · Fundraising $6,317$388,757
IX-22 Depreciation, depletion and amortizationPrograms $255,750 · Management $5,215 · Fundraising $16,082$277,047
IX-23 InsurancePrograms $21,812 · Management $17,499 · Fundraising $118$39,429
IX-24 Other expenses (24a–d)Programs $223,383 · Management $6,168 · Fundraising $2,825$232,376
IX-25 Total functional expensesPrograms $8,151,867 · Management $2,164,869 · Fundraising $764,791$11,081,527
Part X · Balance sheet $26,304,007 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $555,272$629,424
X-2 Savings and temporary cash investmentsStart of year $14,217,327$21,914,173
X-3 Pledges and grants receivableStart of year $1,370,885$1,683,135
X-4 Accounts receivableStart of year $1,439,680$1,377,566
X-9 Prepaid expenses and deferred chargesStart of year $193,706$197,703
X-10c Land, buildings and equipment, netStart of year $428,162$350,271
X-15 Other assetsStart of year $312,689$151,735
X-16 Total assetsStart of year $18,517,721$26,304,007
X-17 Accounts payable and accrued expensesStart of year $439,173$743,382
X-19 Deferred revenueStart of year $206,427$174,445
X-25 Other liabilitiesStart of year $921,631$1,055,290
X-26 Total liabilitiesStart of year $1,567,231$1,973,117
X-27 Net assets without donor restrictionsStart of year $15,093,814$21,577,322
X-28 Net assets with donor restrictionsStart of year $1,856,676$2,753,568
X-32 Total net assets or fund balancesStart of year $16,950,490$24,330,890
X-33 Total liabilities and net assetsStart of year $18,517,721$26,304,007
Part XI · Reconciliation of net assets $24,330,890 net assets at year end
XI-1 Total revenue$18,415,281
XI-2 Total expenses$11,081,527
XI-3 Revenue less expenses$7,333,754
XI-4 Net assets at start of year$16,950,490
XI-5 Net unrealized gains (losses) on investments$46,646
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$24,330,890

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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