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Compass Academy FY2023 filing

Tax-deductible

Baltimore, OH501(c)(3)Education EIN 87-3146258Revenue $651K in FY2023

On file with the IRS3420 Blacklick Eastern Rd Nw, 43105-9639 · Baltimore, OHTax-exempt since Aug 2022School — 170(b)(1)(A)(ii)

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The Compass Academy was founded with the desired to provide with a one-of-a-kind educational experence

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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 3
filings with a surplus
Average surplus $122K a year · 19% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$651K
+107% vs prior year
Spent
$568K
To programs
100%
Net assets
$168K
By yearFY2022–FY2024
Revenue
$651K
FY2023▲ +107%
Tap a bar for its year
Revenue by fiscal year
FY2022$314K
FY2023$651K
FY2024$914K
Expenses
$568K
FY2023▲ +148%
Tap a bar for its year
Expenses by fiscal year
FY2022$229K
FY2023$568K
FY2024$716K
Net assets
$168K
FY2023▲ +97%
Tap a bar for its year
Net assets by fiscal year
FY2022$85K
FY2023$168K
FY2024$366K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 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 2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $568K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Angie Smith
Director Operations
$0Pt VII · Sec A
Luke Smith
Director Facilities
$0Pt VII · Sec A
Josh Racette
Director Planning
$0Pt VII · Sec A
Leslie Racette
Director Finance
$0Pt VII · Sec A
See Compass Academy 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

Offers a unique educational experience for students.

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Provided by the organization

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1 program · $568K · in their own filed words · FY2023
01

A Christian Education

$568Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$651K
Ln 12
Fees for servicesLn 2g$562K
Gifts and grantsLn 1h$89K
Money outPt IX
$568K
Ln 25
Programscol B$568K
Owns and owesPt X
$168K
net assets · Ln 32
Cash and savingsLn 1–2$143K
Total assetsLn 16$168K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$89K
Government grantsLn 1e$89K
Fees for servicesLn 2g$562K
Total revenueLn 12$651K
Assets in detailPt X, end of year
CashLn 1$143K
Cash and savings togetherLn 1–2$143K
Other assetsLn 15$25K
Total assetsLn 16$168K
LiabilitiesLn 26$0
Net assetsLn 32$168K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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 FY23End FY23
Cash and savingsLn 1–2$83K$143K
Total assetsLn 16$85K$168K
LiabilitiesLn 26$0$0
Net assetsLn 32$85K$168K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$550$550
Office expensesLn 13$60K$60K
OccupancyLn 16$59K$59K
TravelLn 17$4K$4K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$386K$386K
All other expensesLn 24e$51K$51K
Total functional expensesLn 25$568K$568K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $914K$716K$198K$366K 990 PDF
FY2023 Viewing $651K$568K$83K$168K 990 PDF
FY2022 $314K$229K$85K$85K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $650,691 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,835$88,839
I-9 Program service revenuePrior year $265,452$561,852
I-10 Investment incomePrior year $18,384$0
I-11 Other revenuePrior year $3,817$0
I-12 Total revenuePrior year $314,488$650,691
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $229,326$567,754
I-18 Total expensesPrior year $229,326$567,754
I-19 Revenue less expensesPrior year $85,162$82,937
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $650,691 across 4 lines filed
VIII-1e Government grants$88,839
VIII-1h Total contributions, gifts and grants$88,839
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $561,852$561,852
VIII-12 Total revenueRelated to mission $561,852 · Unrelated business $0 · Excluded from tax $0$650,691
Part IX · Statement of functional expenses $567,754 across 7 lines filed
IX-11c Accounting feesPrograms $550$550
IX-13 Office expensesPrograms $60,097$60,097
IX-16 OccupancyPrograms $59,173$59,173
IX-17 TravelPrograms $4,110$4,110
IX-23 InsurancePrograms $6,926$6,926
IX-24 Other expenses (24a–d)Programs $385,882$385,882
IX-24e All other expensesPrograms $51,016$51,016
IX-25 Total functional expensesPrograms $567,754 · Management $0 · Fundraising $0$567,754
Part X · Balance sheet $168,099 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $83,450$142,892
X-15 Other assetsStart of year $1,712$25,207
X-16 Total assetsStart of year $85,162$168,099
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $85,162$168,099
X-33 Total liabilities and net assetsStart of year $85,162$168,099
Part XI · Reconciliation of net assets $168,099 net assets at year end
XI-1 Total revenue$650,691
XI-2 Total expenses$567,754
XI-3 Revenue less expenses$82,937
XI-4 Net assets at start of year$85,162
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$168,099

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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