Compass Academy INC FY2022 filing

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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
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
Cash reserves
46 mo
of spending, in cash
Looks good: 46.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$538K
Spent
$103K
To programs
91%
Net assets
$436K
By yearFY2022–FY2025
Revenue
$538K
FY2022
Revenue by fiscal year
FY2022$538K
FY2023$572K
FY2024$942K
FY2025$1.1M
Expenses
$103K
FY2022
Expenses by fiscal year
FY2022$103K
FY2023$428K
FY2024$655K
FY2025$895K
Net assets
$436K
FY2022
Net assets by fiscal year
FY2022$436K
FY2023$580K
FY2024$868K
FY2025$1.1M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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% · $93K Management & general 9% · $10K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$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.

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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

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

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1 program service account for $93K of program spending, described in the organization's own filed words · FY2022.
01

Educated over 100 students in the central virginia area.

$93Kprogram expense

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$538K
Ln 12
Fees for servicesLn 2g$337K
Gifts and grantsLn 1h$202K
Investment incomeLn 3$30
Money outPt IX
$103K
Ln 25
Programscol B$93K
Managementcol C$10K
Owns and owesPt X
$436K
net assets · Ln 32
Cash and savingsLn 1–2$397K
Total assetsLn 16$438K
LiabilitiesLn 26$2K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$202K
Fundraising eventsLn 1c$243
Fees for servicesLn 2g$337K
Investment incomeLn 3$30
Total revenueLn 12$538K
Assets in detailPt X, end of year
CashLn 1$397K
Cash and savings togetherLn 1–2$397K
Total assetsLn 16$438K
LiabilitiesLn 26$2K
Net assetsLn 32$436K
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 FY22End FY22
Cash and savingsLn 1–2$397K
Total assetsLn 16$0$438K
LiabilitiesLn 26$0$2K
Net assetsLn 32$0$436K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$68K$68K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$416$416
Office expensesLn 13$2K$2K
OccupancyLn 16$7K$7K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$103K$93K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$895K$227K$1.1M 990 PDF
FY2024 $942K$655K$288K$868K 990 PDF
FY2023 $572K$428K$145K$580K 990 PDF
FY2022 Viewing $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $538,308 across 6 lines filed
VIII-1c Fundraising events$243
VIII-1f All other contributions, gifts and grants$201,303
VIII-1h Total contributions, gifts and grants$201,546
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $336,732$336,732
VIII-3 Investment incomeRelated to mission $30$30
VIII-12 Total revenueRelated to mission $336,762 · Unrelated business $0 · Excluded from tax $0$538,308
Part IX · Statement of functional expenses $102,560 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $67,620$67,620
IX-10 Payroll taxesPrograms $3,311$3,311
IX-11b Legal feesManagement $1,889$1,889
IX-11c Accounting feesManagement $3,600$3,600
IX-12 Advertising and promotionPrograms $416$416
IX-13 Office expensesManagement $1,662$1,662
IX-16 OccupancyPrograms $7,303$7,303
IX-23 InsuranceManagement $2,390$2,390
IX-24 Other expenses (24a–d)Programs $14,369$14,369
IX-25 Total functional expensesPrograms $93,019 · Management $9,541 · Fundraising $0$102,560
Part X · Balance sheet $437,785 assets, 8 lines filed
X-1 Cash, non-interest-bearing$396,803
X-4 Accounts receivable$40,982
X-16 Total assetsStart of year $0$437,785
X-17 Accounts payable and accrued expenses$2,037
X-26 Total liabilitiesStart of year $0$2,037
X-27 Net assets without donor restrictions$435,748
X-32 Total net assets or fund balancesStart of year $0$435,748
X-33 Total liabilities and net assetsStart of year $0$437,785
Part XI · Reconciliation of net assets $435,748 net assets at year end
XI-1 Total revenue$538,308
XI-2 Total expenses$102,560
XI-3 Revenue less expenses$435,748
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$435,748

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

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