Compass Charter School
- Assets
- $3.3m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 59
- Location
- Brooklyn, NY
- Founding
- 04/2015
- Data as of
- 06/2024
- EIN
- 46-4343210
Organization Overview
Compass Charter School is located in Brooklyn, NY. The organization was established in 2015. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Compass Charter School employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compass Charter School 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 06/2024, Compass Charter School generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $7.6m during the year ending 06/2024. While expenses have increased by 13.2% per year over the past 9 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCATED IN THE FORT GREENE NEIGHBORHOOD OF BROOKLYN, COMPASS WILL SERVE APPROXIMATELY 300 CHILDREN IN GRADES K-5. OUR MISSION IS TO ENGAGE OUR STUDENTS IN RICH AND AUTHENTIC INQUIRY-BASED EXPERIENCES TO BUILD AN EDUCATIONAL FOUNDATION THAT WILL SUPPORT HIGHER LEARNING AND THE PRACTICAL APPLICATION OF KNOWLEDGE IN REAL-WORLD CONTEXTS.
PRE-K PROGRAM DURING FISCAL YEAR END JUNE 30, 2024 SERVED 36 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coleman Skeeter Trustee | Trustee | 1 | $0 |
Dorian Muller Trustee | Trustee | 1 | $0 |
Eric Wally Gingold Trustee | Trustee | 1 | $0 |
Jamal Davis Trustee | Trustee | 1 | $0 |
Jonathan Skolnick Vice Chairperson | OfficerTrustee | 2 | $0 |
Joshua Gordon Chairperson | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kids In The Game Afterschool Program Services | 6/29/24 | $297,665 |
Little Lola And Tots Afterschool Program Services | 6/29/24 | $169,719 |
Created By Kids Afterschool Program Services | 6/29/24 | $175,152 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,780 |
| Related organizations | $0 |
| Government grants | $197,614 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,224 |
| Noncash contributions included in lines 1a–1f | $24,972 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $349,618 |
| Total Program Service Revenue | $7,776,550 |
| Investment income | $71,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,872 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,219,956 |
| 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. | $208,857 |
| Compensation of current officers, directors, key employees. | $43,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,481,844 |
| Pension plan accruals and contributions | $53,285 |
| Other employee benefits | $795,679 |
| Payroll taxes | $363,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,914 |
| Fees for services: Accounting | $27,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $457,745 |
| Advertising and promotion | $112,553 |
| Office expenses | $94,246 |
| Information technology | $58,310 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,368 |
| Insurance | $59,916 |
| All other expenses | $15,082 |
| Total functional expenses | $7,627,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,706,716 |
| Savings and temporary cash investments | $100,217 |
| Pledges and grants receivable | $258,372 |
| Accounts receivable, net | $5,705 |
| 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 | $153,248 |
| Net Land, buildings, and equipment | $120,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,344,727 |
| Accounts payable and accrued expenses | $593,455 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $593,455 |
| Net assets without donor restrictions | $2,725,436 |
| Net assets with donor restrictions | $25,836 |
| 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 | $3,344,727 |