Compass Charter School
- Assets
- $3.2m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 61
- Location
- Brooklyn, NY
- Founding
- 04/2015
- Data as of
- 06/2022
- 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 06/2022, Compass Charter School employed 61 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 06/2022, Compass Charter School generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $6.8m during the year ending 06/2022. While expenses have increased by 15.3% per year over the past 7 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
2022
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, 2022 SERVED APPROXIMATELY 34 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooke Peters Co-Leader, Curriculum & In | Officer | 60 | $161,897 |
Suzanne Vera Director Of Staff And Student Development | 1 | $140,566 | |
Martin Todd Sutler Co-Leader, Strategic Devel - Thru June 2022 | Officer | 60 | $121,977 |
Rasha Hamid Curriculum Coordinator | 1 | $118,791 | |
Sarah Groark School Psychologist | 1 | $117,146 | |
Stephanie Penberthy Social Worker | 1 | $116,734 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,150 |
| Related organizations | $0 |
| Government grants | $1,610,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,992 |
| Noncash contributions included in lines 1a–1f | $24,664 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,669,347 |
| Total Program Service Revenue | $6,060,331 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,722 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,776,685 |
| 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. | $321,842 |
| Compensation of current officers, directors, key employees. | $38,223 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,354,499 |
| Pension plan accruals and contributions | $5,092 |
| Other employee benefits | $671,062 |
| Payroll taxes | $345,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $143,092 |
| Fees for services: Accounting | $22,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $384,167 |
| Advertising and promotion | $98,963 |
| Office expenses | $43,806 |
| Information technology | $55,726 |
| 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 | $68,736 |
| Insurance | $48,612 |
| All other expenses | $0 |
| Total functional expenses | $6,785,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,458,912 |
| Savings and temporary cash investments | $100,190 |
| Pledges and grants receivable | $349,909 |
| 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 | $120,143 |
| Net Land, buildings, and equipment | $175,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,204,346 |
| Accounts payable and accrued expenses | $1,172,242 |
| Grants payable | $0 |
| Deferred revenue | $4,000 |
| 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 | $1,176,242 |
| Net assets without donor restrictions | $1,983,377 |
| Net assets with donor restrictions | $44,727 |
| 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 | $3,204,346 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Compass Charter School has recieved totaling $268.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $268 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |