Compass School
- Assets
- $8.8m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 47
- Location
- Kingston, RI
- Founding
- 11/2002
- Data as of
- 06/2021
- EIN
- 75-3056013
Organization Overview
Compass School is located in Kingston, RI. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Compass School employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compass 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 06/2021, Compass School generated $4.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. While expenses have increased by 7.6% 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
THE ORGANIZATION IS A CHARTER SCHOOL OFFERING EDUCATION FOR STUDENTS IN GRADES K THROUGH 8TH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A CHARTER SCHOOL OFFERING ELEMENTARY EDUCATION FOR STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandee Lapisky Director | Trustee | 40 | $109,610 |
Michelle Chamberlin Teacher Rep | Trustee | 40 | $72,925 |
Nicole Saluan Teacher Rep | Trustee | 40 | $65,481 |
Devin Winkler Teacher Rep | Trustee | 40 | $45,376 |
Rachel Axelson President | Officer | 0 | $0 |
Michelle Salisbury Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $823,867 |
| 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 | $823,867 |
| Total Program Service Revenue | $3,897,914 |
| Investment income | $546 |
| 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 | $4,751,006 |
| 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. | $1,939,421 |
| Compensation of current officers, directors, key employees. | $318,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $486,602 |
| Payroll taxes | $144,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,030 |
| Fees for services: Accounting | $16,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $219,116 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $335,810 |
| Insurance | $66,682 |
| All other expenses | $271,132 |
| Total functional expenses | $3,964,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,168,586 |
| Savings and temporary cash investments | $267,276 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,355 |
| 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 | $31,479 |
| Net Land, buildings, and equipment | $7,207,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,282 |
| Total assets | $8,768,541 |
| Accounts payable and accrued expenses | $387,400 |
| 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 | $4,477,921 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $397,185 |
| Total liabilities | $5,262,506 |
| Net assets without donor restrictions | $3,421,035 |
| Net assets with donor restrictions | $85,000 |
| 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 | $8,768,541 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Compass School has recieved totaling $90,181.
| Awarding Organization | Amount |
|---|---|
Horace A & S Ella Kimball Foundation Westerly, RI PURPOSE: UNRESTRICTED GIFT | $50,000 |
Forrest C And Frances H Lattner Foundation Inc Shelburne, VT PURPOSE: COMPASS SCHOOL FARM | $30,000 |
Felicia Fund Inc Providence, RI PURPOSE: GENERAL SUPPORT | $5,000 |
National Grid Foundation Hicksville, NY PURPOSE: THE SCIENCE ENGAGEMENT CENTER AT THE COMPASS SCHOOL | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwin College Magnet Schools Inc East Hartford, CT | $5,402,152 | $17,501,870 |
Achievement First Hartford Academy Inc New Haven, CT | $6,951,433 | $17,053,937 |
Paul Cuffee School Providence, RI | $13,974,820 | $16,770,174 |
Achievement First Bridgeport Academy Inc New Haven, CT | $13,758,067 | $16,509,487 |
Capital Prep Charter Schools Ny Bridgeport, CT | $5,743,327 | $15,721,123 |
Elm City College Preparatory Inc New Haven, CT | $33,084,628 | $13,299,319 |
The Highlander Charter School Providence, RI | $14,624,382 | $14,745,189 |
Capital Prep Harbor School Inc Bridgeport, CT | $4,120,211 | $11,615,050 |
Great Oaks Charter School - Bridgeport Inc Bridgeport, CT | $4,760,394 | $9,171,396 |
Highville Charter School Inc New Haven, CT | $16,114,071 | $7,986,663 |
New Beginnings Family Academy Inc Bridgeport, CT | $6,914,685 | $8,124,878 |
International Charter School Corporation Pawtucket, RI | $4,227,421 | $6,703,285 |