Compass School
- Assets
- $8.4m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 67
- Location
- Kingston, RI
- Founding
- 11/2002
- Data as of
- 06/2023
- 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 06/2023, Compass School employed 67 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 06/2023, Compass School generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $4.5m during the year ending 06/2023. While expenses have increased by 7.3% per year over the past 8 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
2023
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 |
|---|---|---|---|
Nicole Salaun Teacher Rep | Trustee | 40 | $71,432 |
Brandee Lapisky Director | Trustee | 40 | $112,853 |
Michelle Chamberlin Teacher Rep | Trustee | 40 | $78,304 |
Devin Winkler Secretary | Officer | 40 | $0 |
Lindsey Trombinio President | Officer | 0 | $0 |
Eric Dimario Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $544,984 |
| 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 | $544,984 |
| Total Program Service Revenue | $4,074,012 |
| Investment income | $300 |
| 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 | $4,676,476 |
| 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. | $2,192,061 |
| Compensation of current officers, directors, key employees. | $305,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $568,446 |
| Payroll taxes | $187,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,029 |
| Fees for services: Accounting | $20,025 |
| 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 | $1,067 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $177,309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $361,417 |
| Insurance | $43,752 |
| All other expenses | $300,816 |
| Total functional expenses | $4,478,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,136,570 |
| Savings and temporary cash investments | $267,811 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $161,861 |
| 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 | $48,802 |
| Net Land, buildings, and equipment | $6,780,671 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,282 |
| Total assets | $8,396,997 |
| Accounts payable and accrued expenses | $359,397 |
| 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 | $4,230,472 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,589,869 |
| Net assets without donor restrictions | $3,728,149 |
| Net assets with donor restrictions | $78,979 |
| 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 | $8,396,997 |