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Compass Aviation INC FY2020 filing

Tax-deductible

Shelby, NC501(c)(3)Since 2010Human ServicesEIN 27-2950866

Prepare people and aircraft for missionary and humanitarian aid efforts

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
3 of 6
filings with a surplus
Average surplus $15K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $15K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$239K
Spent
$243K
To programs
99%
Net assets
$23K
By yearFY2020–FY2025
Revenue
$239K
FY2020
Revenue by fiscal year
FY2020$239K
FY2021$309K
FY2022$510K
FY2023$234K
FY2024$694K
FY2025$747K
Expenses
$243K
FY2020
Expenses by fiscal year
FY2020$243K
FY2021$310K
FY2022$471K
FY2023$221K
FY2024$403K
FY2025$995K
Net assets
$23K
FY2020
Net assets by fiscal year
FY2020$23K
FY2021$22K
FY2022$61K
FY2023$74K
FY2024$365K
FY2025$119K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Oct 2010.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $240K Management & general 1% · $3K

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

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
John Watt
President
$0Pt VII · Sec A
See Compass Aviation 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

Equips people and aircraft for missionary and humanitarian aid missions.

Provided by the organization

This section is blank until Compass Aviation INC claims this page.

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1 program service account for $240K of program spending, described in the organization's own filed words · FY2020.
01

Prepare people and aircraft for missionary and humanitarian aid efforts

$240Kprogram 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 · FY2024
Donor Advised Charitable Giving INCFY2024$9K
Natl Christian Charitable Fdn INCFY2024$5K
Edward Jones FoundationFY2024$500
Total grants receivedfrom 3 funders$15K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$239K
Ln 12
Gifts and grantsLn 1h$236K
Fees for servicesLn 2g$4K
Money outPt IX
$243K
Ln 25
Programscol B$240K
Managementcol C$3K
Owns and owesPt X
$23K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$23K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$236K
Fees for servicesLn 2g$4K
Total revenueLn 12$239K
Assets in detailPt X, end of year
CashLn 1$23K
Cash and savings togetherLn 1–2$23K
Total assetsLn 16$23K
LiabilitiesLn 26$0
Net assetsLn 32$23K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$27K$23K
Total assetsLn 16$27K$23K
LiabilitiesLn 26$0$0
Net assetsLn 32$27K$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K$200
Office expensesLn 13$4K$4K$897
OccupancyLn 16$9K$7K$2K
TravelLn 17$2K$2K$388
Other expenses (24a–d)Ln 24$226K$226K
Total functional expensesLn 25$243K$240K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $747K$995K−$249K$119K 990 PDF
FY2024 $694K$403K$291K$365K 990 PDF
FY2023 $234K$221K$13K$74K 990 PDF
FY2022 $510K$471K$39K$61K 990 PDF
FY2021 $309K$310K−$1K$22K 990 PDF
FY2020 Viewing $239K$243K−$4K$23K 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 $239,461 across 4 lines filed
VIII-1f All other contributions, gifts and grants$235,561
VIII-1h Total contributions, gifts and grants$235,561
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,900$3,900
VIII-12 Total revenueRelated to mission $3,900 · Unrelated business $0 · Excluded from tax $0$239,461
Part IX · Statement of functional expenses $242,988 across 5 lines filed
IX-11c Accounting feesPrograms $1,000 · Management $200$1,200
IX-13 Office expensesPrograms $3,585 · Management $897$4,482
IX-16 OccupancyPrograms $7,438 · Management $1,860$9,298
IX-17 TravelPrograms $1,553 · Management $388$1,941
IX-24 Other expenses (24a–d)Programs $226,067$226,067
IX-25 Total functional expensesPrograms $239,643 · Management $3,345 · Fundraising $0$242,988
Part X · Balance sheet $23,172 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $26,699$23,172
X-16 Total assetsStart of year $26,699$23,172
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $26,699$23,172
X-32 Total net assets or fund balancesStart of year $26,699$23,172
X-33 Total liabilities and net assetsStart of year $26,699$23,172
Part XI · Reconciliation of net assets $23,172 net assets at year end
XI-1 Total revenue$239,461
XI-2 Total expenses$242,988
XI-3 Revenue less expenses−$3,527
XI-4 Net assets at start of year$26,699
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$23,172

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

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