Compass Academy
- Assets
- $3.4m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 48
- Location
- Denver, CO
- Founding
- 07/2015
- Data as of
- 06/2022
- EIN
- 47-1698243
Organization Overview
Compass Academy is located in Denver, CO. The organization was established in 2015. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Compass Academy employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compass Academy 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 Academy generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $4.6m during the year ending 06/2022. While expenses have increased by 6.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.COMPASS ACADEMY WILL EDUCATE YOUTH TO BE WELL PREPARED FOR POST-SECONDARY EDUCATION, WORKFORCE TRAINING, AND CIVIC PARTICIPATION. COMPASS ACADEMY WILL PROVIDE MULTIPLE PATHWAYS FOR STUDENTS TO ACHIEVE ADULT SUCCESS. STUDENTS AT COMPASS ACADEMY WILL DEVELOP AS LIFELONG LEARNERS WHO THINK CRITICALLY TO SOLVE PROBLEMS, AS WELL AS FOSTER A LIFELONG COMMITMENT TO SERVE THE GLOBAL COMMUNITY. COMPASS ACADEMY WILL ENABLE ITS STUDENTS TO REALIZE THEIR UNIQUE TALENTS, WHILE MASTERING CORE ACADEMIC SKILLS. IN ADDITION, STUDENTS WILL DEVELOP SOCIAL-EMOTIONAL STRENGTHS AS WELL AS LEARNER AND LEADER COMPETENCIES THAT ARE REQUIRED FOR SUCCESS IN THE 21ST CENTURY. COMPASS ACADEMY WILL DEPLOY A TEAM OF DIVERSE CITY YEAR - AMERICORPS MEMBERS, COMBINED WITH ADVANCES IN THE LEARNING SCIENCES, TO CREATE A PERSONALIZED LEARNING ENVIRONMENT WHERE ALL MEMBERS OF THE SCHOOL COMMUNITY PASSIONATELY PURSUE DEEPER LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YEAR ENDED JUNE 30, 2022 IS THE EIGHTH YEAR OF OPERATIONS FOR COMPASS ACADEMY WITH 283 FUNDED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Roberts Chair And Treasurer | OfficerTrustee | 2 | $0 |
Jim Balfanz Vice Chair | OfficerTrustee | 2 | $0 |
Ana Soler Secretary | OfficerTrustee | 2 | $0 |
Dr Robert Balfanz Member | Trustee | 2 | $0 |
Morris Price Jr Member | Trustee | 2 | $0 |
Mary Seawell Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,581,794 |
| All other contributions, gifts, grants, and similar amounts not included above | $72 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,581,866 |
| Total Program Service Revenue | $3,404,373 |
| Investment income | $289 |
| 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 | $5,782,370 |
| 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. | $168,637 |
| Compensation of current officers, directors, key employees. | $168,637 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,274,764 |
| Pension plan accruals and contributions | $391,100 |
| Other employee benefits | $304,556 |
| Payroll taxes | $54,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $887 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $880,514 |
| Advertising and promotion | $27,830 |
| Office expenses | $387 |
| Information technology | $42,214 |
| Royalties | $0 |
| Occupancy | $233,508 |
| Travel | $70,586 |
| 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 | $735 |
| Insurance | $22,534 |
| All other expenses | $3,302 |
| Total functional expenses | $4,588,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,518,847 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $232,865 |
| 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 | $11,403 |
| Net Land, buildings, and equipment | $4,775 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $622,116 |
| Total assets | $3,390,006 |
| Accounts payable and accrued expenses | $191,610 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $1,626,839 |
| Total liabilities | $1,823,449 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,566,557 |
| 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 | $3,390,006 |