Compass Reading Center INC FY2020 filing

Erie, PAUnknown exempt organizationEIN 27-1472901

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To provide free or at minimum cost state of the art instruction in multisensory structured language to children who have been indentified as having a specific language disability or dyslexia.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $35K a year · 49% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $29K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$52K
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$57K
Spent
$144K
To programs
100%
Net assets
$16K
By yearFY2020–FY2023
Revenue
$57K
FY2020
Revenue by fiscal year
FY2020$57K
FY2021$9K
FY2022$148K
FY2023$8K
Expenses
$144K
FY2020
Expenses by fiscal year
FY2020$144K
FY2021$62K
FY2022$115K
FY2023Not on file
Net assets
$16K
FY2020
Net assets by fiscal year
FY2020$16K
FY2021−$37K
FY2022−$3K
FY2023$0

From the FY2020 Form 990 (year ending August 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $144K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Compass Reading Center INC executive salaries →

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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 15aNo

Programs and updates

Teaches children with language disabilities and dyslexia using multisensory structured language.

Provided by the organization

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1 program service account for $144K of program spending, described in the organization's own filed words · FY2019.
01

To provide free or at minimum cost state of the art instruction in multisensory structured language to children who have been indentified as having a specific language disability or dyslexia.

$144Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$29K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$57K
Ln 12
Fees for servicesLn 2g$49K
Gifts and grantsLn 1h$9K
Money outPt IX
$144K
Ln 25
Programscol B$144K
Owns and owesPt X
$16K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$68K
LiabilitiesLn 26$52K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9K
Fees for servicesLn 2g$49K
Total revenueLn 12$57K
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
Total assetsLn 16$68K
LiabilitiesLn 26$52K
Net assetsLn 32$16K
OperationsPt I, VI
EmployeesI 53
VolunteersI 610
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$137K$68K
Total assetsLn 16$137K$68K
LiabilitiesLn 26$34K$52K
Net assetsLn 32$103K$16K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$83K$83K
Payroll taxesLn 10$30K$30K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$600$600
Office expensesLn 13$1K$1K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$15K$15K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$144K$144K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $8K$0 990 PDF
FY2022 $148K$115K$34K−$3K 990 PDF
FY2021 $9K$62K−$53K−$37K 990 PDF
FY2020 Viewing $57K$144K−$87K$16K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $57,498 across 4 lines filed
VIII-1f All other contributions, gifts and grants$8,962
VIII-1h Total contributions, gifts and grants$8,962
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,536$48,536
VIII-12 Total revenueRelated to mission $48,536 · Unrelated business $0 · Excluded from tax $0$57,498
Part IX · Statement of functional expenses $144,467 across 9 lines filed
IX-7 Other salaries and wagesPrograms $83,332$83,332
IX-10 Payroll taxesPrograms $30,461$30,461
IX-11b Legal feesPrograms $1,000$1,000
IX-11c Accounting feesPrograms $5,239$5,239
IX-12 Advertising and promotionPrograms $600$600
IX-13 Office expensesPrograms $1,170$1,170
IX-23 InsurancePrograms $5,117$5,117
IX-24 Other expenses (24a–d)Programs $15,184$15,184
IX-24e All other expensesPrograms $2,364$2,364
IX-25 Total functional expensesPrograms $144,467 · Management $0 · Fundraising $0$144,467
Part X · Balance sheet $68,362 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $136,786$68,362
X-16 Total assetsStart of year $136,786$68,362
X-17 Accounts payable and accrued expensesStart of year $33,646$33,646
X-18 Grants payable$18,545
X-26 Total liabilitiesStart of year $33,646$52,191
X-27 Net assets without donor restrictionsStart of year $103,140$16,171
X-32 Total net assets or fund balancesStart of year $103,140$16,171
X-33 Total liabilities and net assetsStart of year $136,786$68,362
Part XI · Reconciliation of net assets $16,171 net assets at year end
XI-1 Total revenue$57,498
XI-2 Total expenses$144,467
XI-3 Revenue less expenses−$86,969
XI-4 Net assets at start of year$103,140
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,171

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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