Compass Academy Network INC FY2022 filing

Tax-deductible

Joplin, MO501(c)(3)EducationEIN 83-4337444

The Compass Academy Network provides free program for rural, underserved middle school students to enhance their knowledge & skills through academic & personal development education.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 $21K a year · 6% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $133
Fine: 1 funder names it on their filings; under 3.
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
$257K
+84% vs prior year
Spent
$287K
To programs
89%
Net assets
$34K
By yearFY2020–FY2024
Revenue
$257K
FY2022▲ +84%
Revenue by fiscal year
FY2020$62K
FY2021$140K
FY2022$257K
FY2023$651K
FY2024$601K
Expenses
$287K
FY2022▲ +58%
Expenses by fiscal year
FY2020$82K
FY2021$181K
FY2022$287K
FY2023$561K
FY2024$706K
Net assets
$34K
FY2022▼ -47%
Net assets by fiscal year
FY2020$105K
FY2021$64K
FY2022$34K
FY2023$124K
FY2024$18K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Nov 2019.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $255K Management & general 11% · $32K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary,treasurer & Director
$0Pt VII · Sec A
President and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Compass Academy Network 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers free programs for rural, underserved middle schoolers to boost academic and personal growth.

Provided by the organization

This section is blank until Compass Academy Network INC claims this page.

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1 program service account for $255K of program spending, described in the organization's own filed words · FY2022.
01

The compass academy network provides a summer and year-round academic enrichment program to under-served, rural, public middle school students.

$255Kprogram 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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$133
Grants paid · 1 grant · $10K · 2021–2021
Galena Usd 499FY2021$10,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$257K
Ln 12
Gifts and grantsLn 1h$256K
Other incomeLn 4–11$323
Money outPt IX
$287K
Ln 25
Programscol B$255K
Managementcol C$32K
Owns and owesPt X
$34K
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$34K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$256K
Other incomeLn 4–11$323
Total revenueLn 12$257K
Assets in detailPt X, end of year
CashLn 1$34K
Cash and savings togetherLn 1–2$34K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$34K
LiabilitiesLn 26$0
Net assetsLn 32$34K
OperationsPt I, VI
EmployeesI 511
VolunteersI 66
Fiscal year endsHeaderDecember
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
LineStart FY22End FY22
Cash and savingsLn 1–2$64K$34K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$64K$34K
LiabilitiesLn 26$0$0
Net assetsLn 32$64K$34K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Grants to domestic individualsLn 2$855$855
Benefits paid to or for membersLn 4$0$0
Other salaries and wagesLn 7$156K$156K
Payroll taxesLn 10$11K$11K
Management feesLn 11a$20K$20K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$6K$6K$0$0
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$8K$8K
Information technologyLn 14$2K$2K
OccupancyLn 16$3K$3K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$16K$16K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$287K$255K$32K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $601K$706K−$105K$18K 990 PDF
FY2023 $651K$561K$90K$124K 990 PDF
FY2022 Viewing $257K$287K−$30K$34K 990 PDF
FY2021 $140K$181K−$41K$64K 990 PDF
FY2020 $62K$82K−$20K$105K 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 (4 parts)
Part VIII · Statement of revenue $256,746 across 4 lines filed
VIII-1f All other contributions, gifts and grants$256,423
VIII-1h Total contributions, gifts and grants$256,423
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $323$323
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $323$256,746
Part IX · Statement of functional expenses $286,937 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $5,000$5,000
IX-2 Grants to domestic individualsPrograms $855$855
IX-4 Benefits paid to or for membersPrograms $0$0
IX-7 Other salaries and wagesPrograms $155,968$155,968
IX-10 Payroll taxesPrograms $11,090$11,090
IX-11a Management feesManagement $20,000$20,000
IX-11b Legal feesManagement $4,988$4,988
IX-11c Accounting feesManagement $6,978$6,978
IX-11g Other fees for servicesPrograms $5,916 · Management $0 · Fundraising $0$5,916
IX-12 Advertising and promotionPrograms $23,477$23,477
IX-13 Office expensesPrograms $7,872$7,872
IX-14 Information technologyPrograms $1,625$1,625
IX-16 OccupancyPrograms $2,720$2,720
IX-17 TravelPrograms $2,332$2,332
IX-19 Conferences, conventions and meetingsPrograms $2,356$2,356
IX-23 InsurancePrograms $20,121$20,121
IX-24 Other expenses (24a–d)Programs $15,639$15,639
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $254,971 · Management $31,966 · Fundraising $0$286,937
Part X · Balance sheet $33,843 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $64,034$33,843
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $64,034$33,843
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $64,034$33,843
X-32 Total net assets or fund balancesStart of year $64,034$33,843
X-33 Total liabilities and net assetsStart of year $64,034$33,843
Part XI · Reconciliation of net assets $33,843 net assets at year end
XI-1 Total revenue$256,746
XI-2 Total expenses$286,937
XI-3 Revenue less expenses−$30,191
XI-4 Net assets at start of year$64,034
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$33,843

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

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