Compass Academy INC

Tax-deductible

Forest, VA501(c)(3)Since 2022EducationEIN 88-0972268

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Hybrid education (in-person and home schooling) for students in pre-k through 9th grade.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$156K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $274K a year · 34% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$156K
to officers and key staff · 17% of spending
Top officer’s pay lower than 87% of similar orgs
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$32K
3% of total assets
Looks good: liabilities are 3% 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
$1.1M
+19% vs prior year
Spent
$895K
To programs
91%
Net assets
$1.1M
By yearFY2022–FY2025
Revenue
$1.1M
FY2025▲ +19%
Revenue by fiscal year
FY2022$538K
FY2023$572K
FY2024$942K
FY2025$1.1M
Expenses
$895K
FY2025▲ +37%
Expenses by fiscal year
FY2022$103K
FY2023$428K
FY2024$655K
FY2025$895K
Net assets
$1.1M
FY2025▲ +26%
Net assets by fiscal year
FY2022$436K
FY2023$580K
FY2024$868K
FY2025$1.1M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2022.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $818K Management & general 9% · $76K

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; $156K paid to officers and key staff.

Part VII, Section A · reportable compensation
$68,363Pt VII · Sec A
Vice Preside
$68,363Pt VII · Sec A
$19,206Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Jaime Robertson’s $68K as President is at the 13th 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.

See Compass 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

Provides hybrid education, blending in-person and homeschooling, for Pre-K through 9th graders.

Provided by the organization

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1 program · $818K · in their own filed words · FY2025
01

Hybrid education (in-person and home schooling) for students in pre-k through 9TH grade.

$818Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Other incomeLn 4–11$6K
Investment incomeLn 3$5K
Money outPt IX
$895K
Ln 25
Programscol B$818K
Managementcol C$76K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$797K
Total assetsLn 16$1.1M
LiabilitiesLn 26$32K
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$5K
Other incomeLn 4–11$6K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$592K
SavingsLn 2$205K
Cash and savings togetherLn 1–2$797K
Land, buildings, equipmentLn 10c$128K
Total assetsLn 16$1.1M
LiabilitiesLn 26$32K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 555
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 FY25End FY25
Cash and savingsLn 1–2$749K$797K
Land, buildings, equipmentLn 10c$128K
Total assetsLn 16$868K$1.1M
LiabilitiesLn 26$0$32K
Net assetsLn 32$868K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$670K$670K
Payroll taxesLn 10$48K$48K
Legal feesLn 11b$10K$10K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$12K$8K$3K
Information technologyLn 14$17K$17K
OccupancyLn 16$31K$31K
TravelLn 17$155$155
Conferences, conventions and meetingsLn 19$9K$9K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$51K$32K$19K
All other expensesLn 24e$37K$19K$17K
Total functional expensesLn 25$895K$818K$76K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.1M$895K$227K$1.1M 990 PDF
FY2024 $942K$655K$288K$868K 990 PDF
FY2023 $572K$428K$145K$580K 990 PDF
FY2022 $538K$103K$436K$436K 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 (4 parts)
Part VIII · Statement of revenue $1,121,458 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,399
VIII-1h Total contributions, gifts and grants$1,399
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,109,585$1,109,585
VIII-3 Investment incomeRelated to mission $4,931$4,931
VIII-8 Net income from fundraising events$5,543
VIII-12 Total revenueRelated to mission $1,114,516$1,121,458
Part IX · Statement of functional expenses $894,612 across 13 lines filed
IX-7 Other salaries and wagesPrograms $669,619$669,619
IX-10 Payroll taxesPrograms $47,937$47,937
IX-11b Legal feesManagement $9,692$9,692
IX-12 Advertising and promotionManagement $8,025$8,025
IX-13 Office expensesPrograms $8,457 · Management $3,396$11,853
IX-14 Information technologyManagement $16,656$16,656
IX-16 OccupancyPrograms $30,694$30,694
IX-17 TravelPrograms $155$155
IX-19 Conferences, conventions and meetingsPrograms $8,563$8,563
IX-22 Depreciation, depletion and amortizationPrograms $1,802$1,802
IX-23 InsuranceManagement $2,395$2,395
IX-24 Other expenses (24a–d)Programs $31,640 · Management $18,988$50,628
IX-24e All other expensesPrograms $19,297 · Management $17,296$36,593
IX-25 Total functional expensesPrograms $818,164 · Management $76,448 · Fundraising $0$894,612
Part X · Balance sheet $1,126,785 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $748,535$592,405
X-2 Savings and temporary cash investments$204,931
X-4 Accounts receivableStart of year $119,534$201,482
X-10c Land, buildings and equipment, net$127,967
X-16 Total assetsStart of year $868,069$1,126,785
X-17 Accounts payable and accrued expenses$31,870
X-26 Total liabilitiesStart of year $0$31,870
X-27 Net assets without donor restrictionsStart of year $868,069$1,094,915
X-32 Total net assets or fund balancesStart of year $868,069$1,094,915
X-33 Total liabilities and net assetsStart of year $868,069$1,126,785
Part XI · Reconciliation of net assets $1,094,915 net assets at year end
XI-1 Total revenue$1,121,458
XI-2 Total expenses$894,612
XI-3 Revenue less expenses$226,846
XI-4 Net assets at start of year$868,069
XI-10 Net assets at end of year$1,094,915

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

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