Compass 82 Inc
- Assets
- $2.3m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 47
- Location
- Whiting, NJ
- Founding
- 04/2014
- Data as of
- 03/2024
- EIN
- 46-3845002
Organization Overview
Compass 82 Inc is located in Whiting, NJ. The organization was established in 2014. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 03/2024, Compass 82 Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compass 82 Inc 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 03/2024, Compass 82 Inc generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $4.6m during the year ending 03/2024. While expenses have increased by 12.0% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN A PARTNERSHIP NETWORK WHICH WILL PROVIDE A COORDINATED RECOVERY EFFORT TO THE VICTIMS OF NATURAL DISASTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN A PARTNERSHIP NETWORK WITH IN AND ON BEHALF OF THE FAITH-BASED, NON PROFIT, GOVERNMENTAL, BUSINESS AND OTHER ORGANIZATIONS AND AGENCIES WHICH WILL PROVIDE A COORDINATED RECOVERY EFFORT TO THE VICTIMS OF NATURAL DISASTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myrlene Hamilton Chair/president | OfficerTrustee | 2 | $0 |
Stan Fischer Vice President/treasurer | OfficerTrustee | 2 | $0 |
Phil Bakelaar Secretary | OfficerTrustee | 2 | $0 |
Ben Haygood Treasurer | OfficerTrustee | 2 | $0 |
Jack Harris Trustee | Trustee | 2 | $0 |
Name Not Listed Executive Director | 40 | $97,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,454,089 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,454,089 |
| Total Program Service Revenue | $3,218,091 |
| Investment income | $49 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,672,229 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,575,883 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $158,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,317,631 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,422 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,208 |
| Insurance | $18,802 |
| All other expenses | $10,344 |
| Total functional expenses | $4,624,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,035,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,259,136 |
| 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 | $3,382 |
| Net Land, buildings, and equipment | $45,331 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,342,979 |
| Accounts payable and accrued expenses | $746,501 |
| Grants payable | $0 |
| Deferred revenue | $14,578 |
| 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 | $0 |
| Other liabilities | $400,000 |
| Total liabilities | $1,161,079 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $516,862 |
| Total liabilities and net assets/fund balances | $2,342,979 |
Grants Awarded
Over the last fiscal year, Compass 82 Inc has awarded $50,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY HEALTH LAW PROJECT PURPOSE: SUBRECIPIENT OF ROBIN HOOD GRANT | $15,000 |
VOLUNTEER LAWYERS FOR JUSTICE PURPOSE: SUBRECIPIENT OF ROBIN HOOD GRANT | $15,000 |
FULFILL (FOODBANK OF MONMOUTH COUNTY) PURPOSE: SUBRECIPIENT OF ROBIN HOOD GRANT | $10,000 |
MENTAL HEALTH ASSOCIATION IN NEW JERSEY INC PURPOSE: SUBRECIPIENT OF ROBIN HOOD GRANT | $10,000 |