Friends Of Compass Inc
- Assets
- $1.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Washington, DC
- Founding
- 02/2009
- Data as of
- 06/2021
- EIN
- 26-3724642
Organization Overview
Friends Of Compass Inc, operating under the name Compass, is located in Washington, DC. The organization was established in 2009. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Compass employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compass is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Compass generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $1.9m during the year ending 06/2021. While expenses have increased by 15.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPASS OFFERS A FULL RANGE OF PRO BONO CONSULTING SERVICES FOR NONPROFITS AT ANY STAGE OF DEVELOPMENT. THROUGH FIVE SERVICE LINES, WE HELP NONPROFITS ADDRESS KEY STRATEGIC CHALLENGES AND OPPORTUNITIES IN AREAS LIKE BOARD DEVELOPMENT, MARKETING, STRATEGIC ALIGNMENT, AND FUNDING. IN 2020-2021, COMPASS' TURNED OUR HIGHLY PERSONAL, IN-PERSON PROGRAM INTO A HIGHLY PERSONAL, VIRTUAL PROGRAM. THROUGH OUR TEAM-BASED CLASSIC AND MICRO PROJECTS, WE SUPPORTED 93 NONPROFITS. THROUGH OUR COVID-RESPONSE ON DEMAND PROJECTS, WE CONNECTED 106 NONPROFITS EACH WITH AN INDIVIDUAL CONSULTANT. OVERALL, 829 BUSINESS PROFESSIONALS VOLUNTEERED 73,268 CONSULTING HOURS TO 185 NONPROFITS.
THE SORKIN CENTER FOR NONPROFIT GOVERNANCE AT COMPASS MODERATED NINE COMPASS CONNECT CONVERSATIONS AND PILOTED A COHORT FOR 23 NONPROFIT LEADERS SERVING CHILDREN AND YOUTH. WE ALSO MATCHED 36 PEOPLE ONTO 33 NONPROFIT BOARDS. THE FOURTH ANNUAL SORKIN SUMMIT WAS HELD IN MAY 2021. THE SUMMIT OFFERED TRAININGS ON GOVERNANCE, NONPROFIT FINANCE, THE BOARD'S ROLE IN FUNDRAISING, AND ESTABLISHING AND SUPPORTING A DIVERSE AND INCLUSIVE BOARD. 115 BOARD MEMBERS AND EXECUTIVE DIRECTORS ATTENDED THE TRAININGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne B Laporte President | Officer | 40 | $212,294 |
Joan Barclay CFO | Officer | 40 | $171,126 |
Rumbidzai Mufuka Director Of Knowledge & Impact | 40 | $114,658 | |
Beth Dahle Executive Director - Philadelphia | 40 | $105,594 | |
John Collins Chair | OfficerTrustee | 8 | $0 |
Kelly Turner Vice Chair | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $297 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $485,623 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,366,425 |
| Noncash contributions included in lines 1a–1f | $10,647 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,852,345 |
| Total Program Service Revenue | $8,075 |
| Investment income | $893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,863,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $460,965 |
| Compensation of current officers, directors, key employees. | $150,559 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $930,834 |
| Pension plan accruals and contributions | $8,880 |
| Other employee benefits | $38,233 |
| Payroll taxes | $107,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $43,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $61,620 |
| Fees for services: Investment Management | $78 |
| Fees for services: Other | $109,099 |
| Advertising and promotion | $0 |
| Office expenses | $40,320 |
| Information technology | $31,525 |
| Royalties | $0 |
| Occupancy | $57,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,689 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,267 |
| All other expenses | $0 |
| Total functional expenses | $1,925,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,227 |
| Savings and temporary cash investments | $778,904 |
| Pledges and grants receivable | $760,015 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,659 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,872 |
| Total assets | $1,944,677 |
| Accounts payable and accrued expenses | $48,491 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $207,337 |
| Other liabilities | $41,255 |
| Total liabilities | $297,083 |
| Net assets without donor restrictions | $1,103,932 |
| Net assets with donor restrictions | $543,662 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,944,677 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Friends Of Compass Inc has recieved totaling $767,576.
| Awarding Organization | Amount |
|---|---|
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: GENERAL OPERATING AND STRATEGIC PLANNING SUPPORT | $310,256 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $185,000 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: COMMUNITY SERVICE | $75,000 |
Philadelphia Foundation Philadelphia, PA PURPOSE: EXECUTIVE DIRECTOR SEARCH | $40,000 |
Connelly Foundation West Conshohocken, PA PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $36,292 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Skillsource Group Inc Vienna, VA | $1,796,857 | $6,906,902 |
Fauna & Flora International Usa Inc Washintgon, DC | $2,602,858 | $7,350,946 |
Kennedy Krieger Foundation Inc Baltimore, MD | $94,709,715 | $9,828,353 |
Shrm Foundation Inc Alexandria, VA | $28,442,463 | $5,612,637 |
Alleghany Foundation Covington, VA | $55,551,953 | $7,941,608 |