Parent Compass INC FY2021 filing

Tax-deductible

Dallas, TX501(c)(3)Human ServicesEIN 46-1811888

Parent compass, INC.'s mission is to encourage, equip, and educate parents to prepare their children for what is to come in their lives.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $10K a year · 2% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
48 mo
of spending, in cash
Looks good: 48.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $81K
Looks good: 7 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
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$725K
+138% vs prior year
Spent
$162K
To programs
81%
Net assets
$649K
By yearFY2020–FY2024
Revenue
$725K
FY2021▲ +138%
Revenue by fiscal year
FY2020$304K
FY2021$725K
FY2022$776K
FY2023$238K
FY2024$289K
Expenses
$162K
FY2021▼ -51%
Expenses by fiscal year
FY2020$332K
FY2021$162K
FY2022$824K
FY2023$479K
FY2024$588K
Net assets
$649K
FY2021▲ +649%
Net assets by fiscal year
FY2020$87K
FY2021$649K
FY2022$601K
FY2023$361K
FY2024$62K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $132K Management & general 10% · $17K Fundraising 9% · $14K

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
See Parent Compass 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 parents to prepare children for life's challenges and future opportunities.

Provided by the organization

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

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1 program service account for $132K of program spending, described in the organization's own filed words · FY2021.
01

So that the power of god can transform parents, children and families. Award winning parent compass, christian life & family show, is an internet and television series showing true stories told by real parents from a variety of different backgrounds facing a variety of different issues, but their compass is the same.

$132Kprogram 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
See all 7 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$725K
Ln 12
Gifts and grantsLn 1h$615K
Other incomeLn 4–11$110K
Investment incomeLn 3$10
Money outPt IX
$162K
Ln 25
Programscol B$132K
Managementcol C$17K
Fundraisingcol D$14K
Owns and owesPt X
$649K
net assets · Ln 32
Cash and savingsLn 1–2$649K
Total assetsLn 16$649K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$615K
Investment incomeLn 3$10
Other incomeLn 4–11$110K
Total revenueLn 12$725K
Assets in detailPt X, end of year
CashLn 1$649K
Cash and savings togetherLn 1–2$649K
Total assetsLn 16$649K
LiabilitiesLn 26$0
Net assetsLn 32$649K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6110
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$82K$649K
Total assetsLn 16$87K$649K
LiabilitiesLn 26$0$0
Net assetsLn 32$87K$649K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$16K$8K$8K
Office expensesLn 13$6K$2K$3K$780
Information technologyLn 14$5K$3K$287$1K
TravelLn 17$535$535
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$130K$117K$466$12K
All other expensesLn 24e$504$259$245
Total functional expensesLn 25$162K$132K$17K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $289K$588K−$299K$62K 990 PDF
FY2023 $238K$479K−$241K$361K 990 PDF
FY2022 $776K$824K−$48K$601K 990 PDF
FY2021 Viewing $725K$162K$562K$649K 990 PDF
FY2020 $304K$332K−$28K$87K 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 (4 parts)
Part VIII · Statement of revenue $724,781 across 5 lines filed
VIII-1f All other contributions, gifts and grants$614,656
VIII-1h Total contributions, gifts and grants$614,656
VIII-3 Investment incomeRelated to mission $10$10
VIII-8 Net income from fundraising events$110,115
VIII-12 Total revenueRelated to mission $10$724,781
Part IX · Statement of functional expenses $162,337 across 8 lines filed
IX-11c Accounting feesManagement $3,644$3,644
IX-12 Advertising and promotionPrograms $8,343 · Management $8,097$16,440
IX-13 Office expensesPrograms $2,263 · Management $2,759 · Fundraising $780$5,802
IX-14 Information technologyPrograms $3,159 · Management $287 · Fundraising $1,286$4,732
IX-17 TravelPrograms $535$535
IX-23 InsuranceManagement $1,087$1,087
IX-24 Other expenses (24a–d)Programs $117,241 · Management $466 · Fundraising $11,886$129,593
IX-24e All other expensesManagement $259 · Fundraising $245$504
IX-25 Total functional expensesPrograms $131,541 · Management $16,599 · Fundraising $14,197$162,337
Part X · Balance sheet $649,063 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $81,619$649,063
X-16 Total assetsStart of year $86,619$649,063
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $71,619$634,063
X-28 Net assets with donor restrictionsStart of year $15,000$15,000
X-32 Total net assets or fund balancesStart of year $86,619$649,063
X-33 Total liabilities and net assetsStart of year $86,619$649,063
Part XI · Reconciliation of net assets $649,063 net assets at year end
XI-1 Total revenue$724,781
XI-2 Total expenses$162,337
XI-3 Revenue less expenses$562,444
XI-4 Net assets at start of year$86,619
XI-10 Net assets at end of year$649,063

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

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