Compass Aviation INC: FY2022 Nonprofit Profile & Form 990 (EIN 27-2950866)

Revenue by fiscal year
FY2020	$239K
FY2021	$309K
FY2022	$510K
FY2023	$234K
FY2024	$694K
FY2025	$747K

Expenses by fiscal year
FY2020	$243K
FY2021	$310K
FY2022	$471K
FY2023	$221K
FY2024	$403K
FY2025	$995K

Net assets by fiscal year
FY2020	$23K
FY2021	$22K
FY2022	$61K
FY2023	$74K
FY2024	$365K
FY2025	$119K

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

100 cents of each dollar spent went to programs.

100%

Program services 100% · $469K Management & general 0% · $2K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation

John Watt

President

$0Pt VII · Sec A

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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

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1 program · $469K · in their own filed words · FY2022

01

Prepare people and aircraft for missionary and humanitarian aid efforts

$469Kprogram expense

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

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By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$510K

Ln 12

Gifts and grantsLn 1h$480K

Investment incomeLn 3$30K

Money outPt IX

$471K

Ln 25

Programscol B$469K

Managementcol C$2K

Owns and owesPt X

$61K

net assets · Ln 32

Cash and savingsLn 1–2$61K

Total assetsLn 16$61K

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$480K

Investment incomeLn 3$30K

Gains on assetsLn 7$30K

Total revenueLn 12$510K

Assets in detailPt X, end of year

CashLn 1$61K

Cash and savings togetherLn 1–2$61K

Total assetsLn 16$61K

LiabilitiesLn 26$0

Net assetsLn 32$61K

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$22K	$61K
Total assetsLn 16	$22K	$61K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$22K	$61K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$870	$783	$87
Other fees for servicesLn 11g	$4K	$3K	$369
Advertising and promotionLn 12	$282	$254	$28
Office expensesLn 13	$569	$512	$57
Information technologyLn 14	$374	$337	$37
OccupancyLn 16	$9K	$8K	$877
TravelLn 17	$2K	$2K
Conferences, conventions and meetingsLn 19	$140	$140
InsuranceLn 23	$23K	$23K
Other expenses (24a–d)Ln 24	$431K	$431K	$234
Total functional expensesLn 25	$471K	$469K	$2K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$747K	$995K	−$249K	$119K	990 PDF
FY2024	$694K	$403K	$291K	$365K	990 PDF
FY2023	$234K	$221K	$13K	$74K	990 PDF
FY2022 Viewing	$510K	$471K	$39K	$61K	990 PDF
FY2021	$309K	$310K	−$1K	$22K	990 PDF
FY2020	$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 FY2022 990 (6 parts)

Part I · Summary $510,109 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $292,625$480,109

I-9 Program service revenuePrior year $16,400$0

I-10 Investment income$30,000

I-11 Other revenue$0

I-12 Total revenuePrior year $309,025$510,109

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $310,294$470,923

I-18 Total expensesPrior year $310,294$470,923

I-19 Revenue less expensesPrior year −$1,269$39,186

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-15a Process for setting top official's payNo

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

Part VIII · Statement of revenue $510,109 across 4 lines filed

VIII-1f All other contributions, gifts and grants$480,109

VIII-1h Total contributions, gifts and grants$480,109

VIII-7 Net gain or loss on sales of assetsRelated to mission $30,000$30,000

VIII-12 Total revenueRelated to mission $30,000 · Unrelated business $0 · Excluded from tax $0$510,109

Part IX · Statement of functional expenses $470,923 across 10 lines filed

IX-11c Accounting feesPrograms $783 · Management $87$870

IX-11g Other fees for servicesPrograms $3,320 · Management $369$3,689

IX-12 Advertising and promotionPrograms $254 · Management $28$282

IX-13 Office expensesPrograms $512 · Management $57$569

IX-14 Information technologyPrograms $337 · Management $37$374

IX-16 OccupancyPrograms $7,890 · Management $877$8,767

IX-17 TravelPrograms $2,221$2,221

IX-19 Conferences, conventions and meetingsPrograms $140$140

IX-23 InsurancePrograms $23,217$23,217

IX-24 Other expenses (24a–d)Programs $430,560 · Management $234$430,794

IX-25 Total functional expensesPrograms $469,234 · Management $1,689 · Fundraising $0$470,923

Part X · Balance sheet $61,089 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $21,903$61,089

X-16 Total assetsStart of year $21,903$61,089

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $21,903$61,089

X-32 Total net assets or fund balancesStart of year $21,903$61,089

X-33 Total liabilities and net assetsStart of year $21,903$61,089

Part XI · Reconciliation of net assets $61,089 net assets at year end

XI-1 Total revenue$510,109

XI-2 Total expenses$470,923

XI-3 Revenue less expenses$39,186

XI-4 Net assets at start of year$21,903

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$61,089

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Compass Aviation INC FY2022 filing

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