Compass Collegiate Academy FY2021 filing

Tax-deductible

N Charleston, SC501(c)(3)Since 2018EducationEIN 83-3056674Revenue $282K in FY2021

On file with the IRScca-chs.org5010 Wetland Xing, 29418-6951 · N Charleston, SCTax-exempt since May 2019School — 170(b)(1)(A)(ii)

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Compass Collegiate academy's mission is to provide every scholar with the academic foundation and strong habits that inspire and cultivate lifelong learners who lead purposeful, civic lives.

501(c)(3) charity; gifts are tax-deductible.
39¢ 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
3 of 4
filings with a surplus
Average surplus $94K a year · 8% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $70K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$39K
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$282K
Spent
$242K
To programs
39%
Net assets
$42K
By yearFY2021–FY2024
Revenue
$282K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$282K
FY2022$1.4M
FY2023$1.3M
FY2024$1.7M
FY2024$2.5M
Expenses
$242K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$242K
FY2022$1.1M
FY2023$1.2M
FY2024$1.7M
FY2024$2.4M
Net assets
$42K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$42K
FY2022$332K
FY2023$431K
FY2024$368K
FY2024$482K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · 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 May 2019.

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

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $95K Management & general 61% · $147K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A

Elizabeth Simpson’s $86K as Executive Director is at the 23rd percentile of top reported officer pay among 3395 $1–10M 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 · 2 named individuals · Part VII

NameFY2024FY2024
Elizabeth Simpson$86,179$113,300
Rachel Brailov$76,795—

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 15aNo

Programs and updates

Educates scholars with strong habits for lifelong learning and purposeful civic lives.

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Provided by the organization

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1 program · $95K · in their own filed words · FY2020
01

Compass collegiate academy (cca) opened in august 2021 as a tuition-free public school within the state charter school district. Cca offers kindergarten and 1ST grade classes, and cca will add a new kindergarten class each year and grow existing grades until the school is a full kindergarten through 8TH grade school.

$95Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$70K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$282K
Ln 12
Gifts and grantsLn 1h$279K
Other incomeLn 4–11$2K
Money outPt IX
$242K
Ln 25
Programscol B$95K
Managementcol C$147K
Owns and owesPt X
$42K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$81K
LiabilitiesLn 26$39K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$279K
Government grantsLn 1e$243K
Other incomeLn 4–11$2K
Total revenueLn 12$282K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Other assetsLn 15$11K
Total assetsLn 16$81K
LiabilitiesLn 26$39K
Net assetsLn 32$42K
OperationsPt I, VI
EmployeesI 526
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$10K$3K
Total assetsLn 16$10K$81K
LiabilitiesLn 26$9K$39K
Net assetsLn 32$2K$42K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1K$1K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$27K$27K
Advertising and promotionLn 12$71K$71K
Office expensesLn 13$6K$6K
Information technologyLn 14$1K$1K
TravelLn 17$121$121
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$116K$92K$24K
All other expensesLn 24e$2K$1K$235
Total functional expensesLn 25$242K$95K$147K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.7M$1.7M−$63K$368K 990 PDF
FY2023 $1.3M$1.2M$99K$431K 990 PDF
FY2022 $1.4M$1.1M$301K$332K 990 PDF
FY2021 Viewing $282K$242K$40K$42K 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 (6 parts)
Part I · Summary $281,722 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,046$279,229
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $588$2,493
I-12 Total revenuePrior year $28,634$281,722
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$1,385
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $26,784$240,353
I-18 Total expensesPrior year $26,784$241,738
I-19 Revenue less expensesPrior year $1,850$39,984
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $281,722 across 5 lines filed
VIII-1e Government grants$242,937
VIII-1f All other contributions, gifts and grants$36,292
VIII-1h Total contributions, gifts and grants$279,229
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,493$2,493
VIII-12 Total revenueRelated to mission $2,493 · Unrelated business $0 · Excluded from tax $0$281,722
Part IX · Statement of functional expenses $241,738 across 11 lines filed
IX-7 Other salaries and wagesPrograms $1,385$1,385
IX-11b Legal feesManagement $4,288$4,288
IX-11c Accounting feesManagement $11,108$11,108
IX-11g Other fees for servicesManagement $26,716$26,716
IX-12 Advertising and promotionManagement $71,226$71,226
IX-13 Office expensesManagement $5,976$5,976
IX-14 Information technologyManagement $1,273$1,273
IX-17 TravelManagement $121$121
IX-23 InsuranceManagement $1,718$1,718
IX-24 Other expenses (24a–d)Programs $92,342 · Management $24,050$116,392
IX-24e All other expensesPrograms $1,300 · Management $235$1,535
IX-25 Total functional expensesPrograms $95,027 · Management $146,711 · Fundraising $0$241,738
Part X · Balance sheet $80,698 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $10,420$2,801
X-3 Pledges and grants receivable$66,522
X-15 Other assetsStart of year $0$11,375
X-16 Total assetsStart of year $10,420$80,698
X-17 Accounts payable and accrued expensesStart of year $0$2,598
X-25 Other liabilitiesStart of year $8,570$36,267
X-26 Total liabilitiesStart of year $8,570$38,865
X-32 Total net assets or fund balancesStart of year $1,850$41,833
X-33 Total liabilities and net assetsStart of year $10,420$80,698
Part XI · Reconciliation of net assets $41,833 net assets at year end
XI-1 Total revenue$281,722
XI-2 Total expenses$241,738
XI-3 Revenue less expenses$39,984
XI-4 Net assets at start of year$1,850
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$41,833

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

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