Compass Rose Academy INC

Wabash, INUnknown exempt organizationEIN 84-3803269

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Compass Rose Academy, INC. Is a christian organization committed to enriching the lives of children and families through emotional healing, personal development, and spiritual growth.

82¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
0 of 5
filings with a surplus
Average deficit $909K a year · 39% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
3
named funders · $120K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$469K
-84% vs prior year
Spent
$1.3M
To programs
82%
Net assets
$0
By yearFY2020–FY2024
Revenue
$469K
FY2024▼ -84%
Revenue by fiscal year
FY2020$2.4M
FY2021$2.8M
FY2022$3.2M
FY2023$2.9M
FY2024$469K
Expenses
$1.3M
FY2024▼ -71%
Expenses by fiscal year
FY2020$2.7M
FY2021$3.3M
FY2022$4.3M
FY2023$4.6M
FY2024$1.3M
Net assets
$0
FY2024▼ -100%
Net assets by fiscal year
FY2020$6.0M
FY2021$8.3M
FY2022$8.8M
FY2023$8.2M
FY2024$0

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $1.1M Management & general 18% · $233K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Compass Rose Academy 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

Enriches lives through emotional healing, personal growth, and spiritual development for children and families.

Provided by the organization

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

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1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2024.
01

Compass Rose Academy

A christ-centered organization, committed to enriching the lives of children and families through emotional healing, personal development and spiritual growth. This national parent choice program also provides hope for teens in crisis through services that challenge them to live lives of integrity, stability and service.

$1.1Mprogram 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 · FY2023
Total grants receivedfrom 3 funders$120K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$469K
Ln 12
Fees for servicesLn 2g$469K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$233K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$469K
Total revenueLn 12$469K
Assets in detailPt X, end of year
SavingsLn 2$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
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
LineStart FY24End FY24
Cash and savingsLn 1–2$66K$0
Land, buildings, equipmentLn 10c$12.9M$0
Total assetsLn 16$13.3M$0
LiabilitiesLn 26$5.1M$0
Net assetsLn 32$8.2M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$635K$522K$113K
Pension plan contributionsLn 8$10K$10K
Other employee benefitsLn 9$46K$43K$3K
Payroll taxesLn 10$9K$7K$2K
Other fees for servicesLn 11g$34K$25K$9K$0
Advertising and promotionLn 12$2K$923$624
Office expensesLn 13$56K$44K$12K
OccupancyLn 16$32K$25K$7K
TravelLn 17$32K$15K$17K
InterestLn 20$49K$30K$20K
Depreciation, depletion and amortizationLn 22$140K$132K$7K
InsuranceLn 23$155K$131K$24K
Other expenses (24a–d)Ln 24$124K$115K$9K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$1.3M$1.1M$233K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $469K$1.3M−$854K$0 990 PDF
FY2023 $2.9M$4.6M−$1.7M$8.2M 990 PDF
FY2022 $3.2M$4.3M−$1.2M$8.8M 990 PDF
FY2021 $2.8M$3.3M−$508K$8.3M 990 PDF
FY2020 $2.4M$2.7M−$330K$6.0M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $469,445 across 4 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $469,445$469,445
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $469,445 · Unrelated business $0 · Excluded from tax $0$469,445
Part IX · Statement of functional expenses $1,323,479 across 14 lines filed
IX-7 Other salaries and wagesPrograms $522,482 · Management $112,697$635,179
IX-8 Pension plan contributionsManagement $9,717$9,717
IX-9 Other employee benefitsPrograms $42,984 · Management $3,371$46,355
IX-10 Payroll taxesPrograms $7,058 · Management $1,876$8,934
IX-11g Other fees for servicesPrograms $24,862 · Management $9,368 · Fundraising $0$34,230
IX-12 Advertising and promotionPrograms $923 · Management $624$1,547
IX-13 Office expensesPrograms $44,038 · Management $11,706$55,744
IX-16 OccupancyPrograms $25,239 · Management $6,709$31,948
IX-17 TravelPrograms $14,836 · Management $16,980$31,816
IX-20 InterestPrograms $29,653 · Management $19,645$49,298
IX-22 Depreciation, depletion and amortizationPrograms $132,353 · Management $7,318$139,671
IX-23 InsurancePrograms $130,812 · Management $23,863$154,675
IX-24 Other expenses (24a–d)Programs $115,230 · Management $9,135$124,365
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $1,090,470 · Management $233,009 · Fundraising $0$1,323,479
Part X · Balance sheet $0 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $65,988$0
X-3 Pledges and grants receivableStart of year $162,564$0
X-4 Accounts receivableStart of year $150,861$0
X-10c Land, buildings and equipment, netStart of year $12,945,254$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $13,324,667$0
X-17 Accounts payable and accrued expensesStart of year $91,427$0
X-25 Other liabilitiesStart of year $5,000,000$0
X-26 Total liabilitiesStart of year $5,091,427$0
X-27 Net assets without donor restrictionsStart of year $8,233,240$0
X-32 Total net assets or fund balancesStart of year $8,233,240$0
X-33 Total liabilities and net assetsStart of year $13,324,667$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$469,445
XI-2 Total expenses$1,323,479
XI-3 Revenue less expenses−$854,034
XI-4 Net assets at start of year$8,233,240
XI-9 Other changes in net assets−$7,379,206
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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