Compass Rose Education INC: Nonprofit Profile, Financials & Form 990 (EIN 47-5328736)

Revenue by fiscal year
FY2020	$7.3M
FY2021	$19.4M
FY2022	$32.2M
FY2023	$46.9M
FY2024	$52.9M
FY2025	$52.8M

Expenses by fiscal year
FY2020	$7.2M
FY2021	$17.7M
FY2022	$31.9M
FY2023	$46.6M
FY2024	$52.5M
FY2025	$60.7M

Net assets by fiscal year
FY2020	$315K
FY2021	$2.1M
FY2022	$2.2M
FY2023	$4.4M
FY2024	$4.8M
FY2025	−$3.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2016.

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

Where the money goes

96 cents of each dollar spent went to programs.

96%

Program services 96% · $58.1M Management & general 4% · $2.6M

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

14 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Paul Morrissey

CEO/Superint

$281,698Pt VII · Sec A

Ryane Burke

Chief School

$176,550Pt VII · Sec A

Larry Ray Reed

Outgoing CFO

$165,939Pt VII · Sec A

Pamela Awbrey

Chief Engage

$155,515Pt VII · Sec A

Angie Williams

Chief Operat

$131,862Pt VII · Sec A

Melissa Sanchez

VP of Studen

$122,000Pt VII · Sec A

Erik Hita

VP Info Tech

$112,993Pt VII · Sec A

Lars Nelson

Interim Supe

$68,904Pt VII · Sec A

Paul Morrissey’s $282K as CEO/Superint is at the 61st percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Paul Morrissey	$281,698	$236,642	$281,146	$239,291	$184,566	$123,766
Larry Ray Reed	$165,939	$202,540	$184,260	$166,025	$133,874	—
Ryane Burke	$176,550	$179,850	$159,833	$136,628	$108,333	—
Pamela Awbrey	$155,515	$157,611	$137,597	$116,257	—	—
Chawanna Chambers	—	—	$140,635	$123,208	—	—
Angie Williams	$131,862	$117,644	$110,440	—	—	—
Melissa Sanchez	$122,000	$112,055	$104,854	—	—	—
Hada Flores	—	$113,853	—	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Helps students succeed in school, preparing them for college.

Provided by the organization

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1 program · $58.1M · in their own filed words · FY2024

01

Equip and staff an open enrollment, tuition free charter school for grades kindergarten through twelfth.

$58.1Mprogram 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

The Kle FoundationFY2024$840K

50can INCFY2024$699K

San Antonio Area Foundation Group ReturnFY2024$421K

New Schools FundFY2024$165K

Fidelity Investments Charitable Gift FundFY2024$10K

Impact San Antonio Foundation IncorporatedFY2024$6K

Total grants receivedfrom 6 funders$2.1M

See all 6 funders →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$52.8M

Ln 12

Gifts and grantsLn 1h$52.2M

Investment incomeLn 3$398K

Fees for servicesLn 2g$135K

Money outPt IX

$60.7M

Ln 25

Programscol B$58.1M

Managementcol C$2.6M

Owns and owesPt X

−$3.1M

net assets · Ln 32

Cash and savingsLn 1–2$9.2M

Total assetsLn 16$164.7M

LiabilitiesLn 26$167.8M

PeoplePt VI, VII

14

listed · VII A

PaidVII A8

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$52.2M

Government grantsLn 1e$50.3M

Fees for servicesLn 2g$135K

Investment incomeLn 3$398K

Other incomeLn 4–11$37K

Total revenueLn 12$52.8M

Assets in detailPt X, end of year

CashLn 1$6.1M

SavingsLn 2$3.1M

Cash and savings togetherLn 1–2$9.2M

Land, buildings, equipmentLn 10c$59.4M

Other assetsLn 15$88.7M

Total assetsLn 16$164.7M

LiabilitiesLn 26$167.8M

Net assetsLn 32−$3.1M

OperationsPt I, VI

EmployeesI 581

VolunteersI 65

Fiscal year endsHeaderAugust

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$10.8M	$9.2M
Land, buildings, equipmentLn 10c	$59.0M	$59.4M
Total assetsLn 16	$170.6M	$164.7M
LiabilitiesLn 26	$165.8M	$167.8M
Net assetsLn 32	$4.8M	−$3.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$472K	$170K	$302K
Other salaries and wagesLn 7	$24.8M	$23.6M	$1.2M
Pension plan contributionsLn 8	$3.0M	$2.9M	$142K
Other employee benefitsLn 9	$1.5M	$1.4M	$65K
Payroll taxesLn 10	$523K	$478K	$45K
Legal feesLn 11b	$89K		$89K
Accounting feesLn 11c	$156K		$156K
Other fees for servicesLn 11g	$7.3M	$6.8M	$501K
OccupancyLn 16	$11.6M	$11.6M
TravelLn 17	$55K	$33K	$22K
InterestLn 20	$2.3M	$2.3M
Depreciation, depletion and amortizationLn 22	$4.0M	$4.0M	$5K
InsuranceLn 23	$324K	$324K
Other expenses (24a–d)Ln 24	$4.7M	$4.6M	$64K
Total functional expensesLn 25	$60.7M	$58.1M	$2.6M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$52.8M	$60.7M	−$7.9M	−$3.1M	990 PDF
FY2024	$52.9M	$52.5M	$386K	$4.8M	990 PDF
FY2023	$46.9M	$46.6M	$326K	$4.4M	990 PDF
FY2022	$32.2M	$31.9M	$357K	$2.2M	990 PDF
FY2021	$19.4M	$17.7M	$1.8M	$2.1M	990 PDF
FY2020	$7.3M	$7.2M	$120K	$315K	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 FY2025 990 (6 parts)

Part I · Summary $52,799,561 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $51,563,722$52,229,246

I-9 Program service revenuePrior year $175,741$135,160

I-10 Investment incomePrior year $617,651$397,736

I-11 Other revenuePrior year $507,334$37,419

I-12 Total revenuePrior year $52,864,448$52,799,561

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $27,746,624$30,195,768

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $24,731,630$30,526,649

I-18 Total expensesPrior year $52,478,254$60,722,417

I-19 Revenue less expensesPrior year $386,194−$7,922,856

Part VI · Governance 5 of 5 board members independent, 2 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

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

Part VIII · Statement of revenue $52,799,561 across 7 lines filed

VIII-1e Government grants$50,283,197

VIII-1f All other contributions, gifts and grants$1,946,049

VIII-1h Total contributions, gifts and grants$52,229,246

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $135,160$135,160

VIII-3 Investment incomeExcluded from tax $397,736$397,736

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $37,419$37,419

VIII-12 Total revenueRelated to mission $172,579 · Excluded from tax $397,736$52,799,561

Part IX · Statement of functional expenses $60,722,417 across 14 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $170,000 · Management $301,924$471,924

IX-7 Other salaries and wagesPrograms $23,564,703 · Management $1,190,895$24,755,598

IX-8 Pension plan contributionsPrograms $2,851,820 · Management $141,692$2,993,512

IX-9 Other employee benefitsPrograms $1,386,588 · Management $65,017$1,451,605

IX-10 Payroll taxesPrograms $478,116 · Management $45,013$523,129

IX-11b Legal feesManagement $89,283$89,283

IX-11c Accounting feesManagement $155,632$155,632

IX-11g Other fees for servicesPrograms $6,839,430 · Management $501,070$7,340,500

IX-16 OccupancyPrograms $11,575,731$11,575,731

IX-17 TravelPrograms $33,121 · Management $21,504$54,625

IX-20 InterestPrograms $2,285,110$2,285,110

IX-22 Depreciation, depletion and amortizationPrograms $3,984,902 · Management $4,527$3,989,429

IX-23 InsurancePrograms $323,695$323,695

IX-24 Other expenses (24a–d)Programs $4,648,475 · Management $64,169$4,712,644

IX-25 Total functional expensesPrograms $58,141,691 · Management $2,580,726 · Fundraising $0$60,722,417

Part X · Balance sheet $164,687,848 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $3,668,928$6,073,283

X-2 Savings and temporary cash investmentsStart of year $7,112,313$3,082,757

X-3 Pledges and grants receivableStart of year $7,405,637$6,550,958

X-4 Accounts receivableStart of year $335$1,028

X-9 Prepaid expenses and deferred chargesStart of year $1,213,727$857,953

X-10c Land, buildings and equipment, netStart of year $58,957,577$59,374,261

X-15 Other assetsStart of year $92,275,513$88,747,608

X-16 Total assetsStart of year $170,634,030$164,687,848

X-17 Accounts payable and accrued expensesStart of year $4,414,757$5,170,700

X-24 Unsecured notes and loans payable$3,650,000

X-25 Other liabilitiesStart of year $102,850,993$100,777,978

X-26 Total liabilitiesStart of year $165,841,756$167,818,430

X-27 Net assets without donor restrictionsStart of year $255,081−$4,576,870

X-28 Net assets with donor restrictionsStart of year $4,537,193$1,446,288

X-32 Total net assets or fund balancesStart of year $4,792,274−$3,130,582

X-33 Total liabilities and net assetsStart of year $170,634,030$164,687,848

Part XI · Reconciliation of net assets −$3,130,582 net assets at year end

XI-1 Total revenue$52,799,561

XI-2 Total expenses$60,722,417

XI-3 Revenue less expenses−$7,922,856

XI-4 Net assets at start of year$4,792,274

XI-10 Net assets at end of year−$3,130,582

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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