Compass Working Capital INC FY2021 filing

Tax-deductible

Boston, MA501(c)(3)Since 2005EIN 20-3975100Revenue $7.5M in FY2021

On file with the IRScompassworkingcapital.org89 South St Ste 804, 02111-2142 · Boston, MATax-exempt since Dec 2006Publicly supported charity — 170(b)(1)(A)(vi)

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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.
75¢ of each $1 spent went to programs.
$783K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$783K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.9 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
$954K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.5M
Spent
$6.4M
To programs
75%
Net assets
$6.3M
By yearFY2021–FY2025
Revenue
$7.5M
FY2021
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
$6.4M
FY2021
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
$6.3M
FY2021
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 FY2021 Form 990 (year ending August 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

75 cents of each dollar spent went to programs.

Program services 75% · $4.8M Management & general 19% · $1.2M Fundraising 6% · $373K

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

16 people listed on the 990; $783K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/ CEO
$169,988Pt VII · Sec A
Chief Strategy Officer
$148,265Pt VII · Sec A
Chief Program Officer
$121,214Pt VII · Sec A
Chief Dev. and Comm. Officer
$115,861Pt VII · Sec A
Treasurer/ CFO
$115,513Pt VII · Sec A
General Counsel (until May 2021)
$112,059Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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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Provided by the organization

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2 programs · $4.7M · in their own filed words · FY2020
01

Family Self-Sufficiency (fss) Program

Since 2010, 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.

$3.4Mprogram expense
02

National Field-Building Program

Since 2016, compass has also worked to build the field of FSS practitioners and other stakeholders nationally. Currently, the organization manages an online learning platform and community called compass FSS link, which provides FSS practitioners with access to resources for FSS program management and financial coaching, training, and…

$1.2Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$7.5M
Ln 12
Gifts and grantsLn 1h$5.7M
Fees for servicesLn 2g$1.7M
Other incomeLn 4–11$49K
Money outPt IX
$6.4M
Ln 25
Programscol B$4.8M
Managementcol C$1.2M
Fundraisingcol D$373K
Owns and owesPt X
$6.3M
net assets · Ln 32
Cash and savingsLn 1–2$5.3M
Total assetsLn 16$7.2M
LiabilitiesLn 26$954K
PeoplePt VI, VII
16
listed · VII A
PaidVII A6
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.7M
Noncash giftsLn 1g$88K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$31K
Other incomeLn 4–11$49K
Total revenueLn 12$7.5M
Assets in detailPt X, end of year
CashLn 1$226K
SavingsLn 2$5.1M
Cash and savings togetherLn 1–2$5.3M
Land, buildings, equipmentLn 10c$262K
Total assetsLn 16$7.2M
LiabilitiesLn 26$954K
Net assetsLn 32$6.3M
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 FY21End FY21
Cash and savingsLn 1–2$7.6M$5.3M
Land, buildings, equipmentLn 10c$284K$262K
Total assetsLn 16$8.8M$7.2M
LiabilitiesLn 26$3.6M$954K
Net assetsLn 32$5.2M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$348K$4K$235K$109K
Other salaries and wagesLn 7$3.1M$2.4M$451K$186K
Pension plan contributionsLn 8$77K$62K$11K$4K
Other employee benefitsLn 9$276K$223K$44K$8K
Payroll taxesLn 10$285K$205K$57K$23K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$33K$33K
Lobbying feesLn 11d$127K$127K
Other fees for servicesLn 11g$469K$191K$276K$3K
Office expensesLn 13$268K$173K$80K$15K
Information technologyLn 14$117K$99K$13K$4K
OccupancyLn 16$151K$115K$25K$11K
Conferences, conventions and meetingsLn 19$31K$28K$53$3K
Depreciation, depletion and amortizationLn 22$88K$73K$10K$4K
InsuranceLn 23$19K$16K$2K$453
Other expenses (24a–d)Ln 24$1.1M$1.1M$5K$870
All other expensesLn 24e$21K$21K
Total functional expensesLn 25$6.4M$4.8M$1.2M$373K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $7.5M$6.4M$1.1M$6.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $7,536,157 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,181,776$5,716,230
I-9 Program service revenuePrior year $1,302,460$1,739,796
I-10 Investment incomePrior year $104,071$31,249
I-11 Other revenuePrior year $33,445$48,882
I-12 Total revenuePrior year $6,621,752$7,536,157
I-13 Grants and similar amounts paidPrior year $20,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,133,792$4,038,213
I-16a Professional fundraising feesPrior year $7,168$0
I-17 Other expensesPrior year $1,735,503$2,394,817
I-18 Total expensesPrior year $4,896,463$6,433,030
I-19 Revenue less expensesPrior year $1,725,289$1,103,127
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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 $7,536,157 across 7 lines filed
VIII-1f All other contributions, gifts and grants$5,716,230
VIII-1g Noncash contributions (included above)$87,535
VIII-1h Total contributions, gifts and grants$5,716,230
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,739,796$1,739,796
VIII-3 Investment incomeExcluded from tax $31,249$31,249
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $48,882$48,882
VIII-12 Total revenueRelated to mission $1,788,678 · Unrelated business $0 · Excluded from tax $31,249$7,536,157
Part IX · Statement of functional expenses $6,433,030 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $4,104 · Management $235,161 · Fundraising $109,131$348,396
IX-7 Other salaries and wagesPrograms $2,414,455 · Management $450,714 · Fundraising $186,288$3,051,457
IX-8 Pension plan contributionsPrograms $61,898 · Management $11,034 · Fundraising $4,357$77,289
IX-9 Other employee benefitsPrograms $223,415 · Management $44,297 · Fundraising $8,480$276,192
IX-10 Payroll taxesPrograms $204,873 · Management $56,527 · Fundraising $23,479$284,879
IX-11b Legal feesManagement $2,855$2,855
IX-11c Accounting feesManagement $33,375$33,375
IX-11d Lobbying feesPrograms $127,350$127,350
IX-11g Other fees for servicesPrograms $190,642 · Management $275,572 · Fundraising $2,548$468,762
IX-13 Office expensesPrograms $173,285 · Management $80,190 · Fundraising $14,943$268,418
IX-14 Information technologyPrograms $98,998 · Management $13,187 · Fundraising $4,432$116,617
IX-16 OccupancyPrograms $115,276 · Management $24,884 · Fundraising $11,120$151,280
IX-19 Conferences, conventions and meetingsPrograms $27,887 · Management $53 · Fundraising $2,563$30,503
IX-22 Depreciation, depletion and amortizationPrograms $73,465 · Management $9,784 · Fundraising $4,336$87,585
IX-23 InsurancePrograms $15,884 · Management $2,371 · Fundraising $453$18,708
IX-24 Other expenses (24a–d)Programs $1,062,710 · Management $5,168 · Fundraising $870$1,068,748
IX-24e All other expensesPrograms $20,616$20,616
IX-25 Total functional expensesPrograms $4,814,858 · Management $1,245,172 · Fundraising $373,000$6,433,030
Part X · Balance sheet $7,231,995 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $200,586$226,466
X-2 Savings and temporary cash investmentsStart of year $7,364,983$5,075,554
X-3 Pledges and grants receivableStart of year $715,887$1,151,880
X-4 Accounts receivableStart of year $144,494$350,496
X-9 Prepaid expenses and deferred chargesStart of year $101,257$165,637
X-10c Land, buildings and equipment, netStart of year $283,651$261,962
X-16 Total assetsStart of year $8,810,858$7,231,995
X-17 Accounts payable and accrued expensesStart of year $262,944$353,524
X-25 Other liabilitiesStart of year $3,300,000$600,000
X-26 Total liabilitiesStart of year $3,635,514$953,524
X-27 Net assets without donor restrictionsStart of year $4,037,780$5,016,930
X-28 Net assets with donor restrictionsStart of year $1,137,564$1,261,541
X-32 Total net assets or fund balancesStart of year $5,175,344$6,278,471
X-33 Total liabilities and net assetsStart of year $8,810,858$7,231,995
Part XI · Reconciliation of net assets $6,278,471 net assets at year end
XI-1 Total revenue$7,536,157
XI-2 Total expenses$6,433,030
XI-3 Revenue less expenses$1,103,127
XI-4 Net assets at start of year$5,175,344
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,278,471

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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