Compass INC EIN 26-2935577 Form 990 (PDF) Claim this org

Compass INC FY2022 filing

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Helps musicians improve skills and achieve success through specialized programs. For fiscal year 2022 it reported $91K in revenue, $315K in expenses, and $41K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Columbia, MO
Website
compasscolumbia.org
Filings
5 on file (2021–2022)
Revenue
$91KFY2022
Expenses
$315K
Net assets
$41K
People
1
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-2935577 Public charity (501(c)(3)) Columbia, MO
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Helps musicians improve skills and achieve success through specialized programs.
Leadership
Money in and out
$91K revenue, $315K expenses
Bottom line
99% program efficiency
Where the money goes · FY2022
Total revenue
$91K
Pt VIII · Ln 12
Total expenses
$315K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$224K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.00 Fundraising $0.00
Program efficiency
99%
of spending reaches programs
Operating runway
1.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-247%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$91K
FY2022▼ -65%
Expenses
$315K
FY2022▲ ×42
Total assets
$41K
FY2022▼ -84%
Total liabilities
$0
FY2022
Total revenue
$91K
Pt VIII · Ln 12
Total expenses
$315K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$224K
Total assetsPt X · Ln 16$41K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCompass INC
EINHdr · item D26-2935577
Principal addressHdr · item CColumbia, MO
WebsiteHdr · item Jcompasscolumbia.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A68)
Ruling yearIRS BMFOct 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $306K of program spending, described in the organization's own filed words · FY2022.
01

Intergenerational Rock Band Choir began in 2022. The program has had a total of 72 participants. The choir rehearses once each week for 8 weeks and there has only been two sessions. The Compass Intergenerational Rock Band Choir is comprised of community members from ages 8-80!

$205Kprogram expense
02

Music Camp began in 2012 the program has served a total of 231 participants from 2012-2019 and 2022. The camp is one week long and there have been 8 camp sessions. There were no activities held in 2020 or 2021 due to pandemic.

$77Kprogram expense
03

Jam Night began in 2022. The program has had a total of 30 participants. The camp is two days and there have been 2 sessions. Jam Night is an overnight event for musical youth, ages 9-14. During this time, students will participate in music games, a songwriting class, karaoke, watch a music themed movie and split into small ensembles…

$24Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$81K · 89%
Contributions & grants$10K · 11%
Other revenue89%$81K
Contributions & grants11%$10K
— government grantsLn 1e$10K
Total revenueLn 12$91K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.00 Fundraising $0.00
Program services99%$313K
Management & general$684
Fundraising$1K
Total functional expensesLn 25$315K

Balance Sheet

Part X · end of year
CashLn 1$41K
Total assetsLn 16$41K
Total liabilitiesLn 26$0
Total net assetsLn 32$41K
Months of cash on handcomputed1.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $41K · Operating expenses/yr $315K
1.6 months
Where the money goes
Program services
Program services $313K · Total expenses $315K
99%
Management & General
Management & general $684 · Total expenses $315K
0.2%
Fundraising
Fundraising $1K · Total expenses $315K
0.4%
Cost to raise $1
Fundraising expense (2-yr avg) $653 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $10K · Total revenue $91K
11%
Government reliance
Government grants $10K · Total revenue $91K
11%
Earned-income share
Program service revenue $0 · Total revenue $91K
0%
Investment reliance
Investment income $0 · Total revenue $91K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $315K
0%
Growth & trend
Revenue growth (YoY)
This year $91K · Prior year $261K
-65%
Net-asset trend (YoY)
End of year $41K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $91K · Expenses $315K
-247%
Liabilities-to-Assets
Total liabilities — · Total assets $41K
Net-asset ratio
Net assets $41K · Total assets $41K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $41K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Phylshawn Johnson · Reported title Chair · Highest reported compensation $0 · Total expenses $315K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5K · Total expenses $315K
2%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.2%
Fundraising cost ratio 13%
Revenue growth -65%
Legal fee ratio <0.01%
Accounting fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$17K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$205K revenue · ⤓ 990 PDF
FY2024$191K revenue · ⤓ 990 PDF
FY2023$137K revenue · ⤓ 990 PDF
FY2022$91K revenue · viewing · ⤓ 990 PDF
FY2021$261K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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