American Compass Inc
- Assets
- $1.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-4031579
Organization Overview
American Compass Inc is located in Washington, DC. The organization was established in 2020. According to its NTEE Classification (R05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, American Compass Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Compass Inc 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 12/2021, American Compass Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. 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
TO RESTORE AN ECONOMIC CONSENSUS THAT EMPHASIZES THE IMPORTANCE OF FAMILY, COMMUNITY, AND INDUSTRY TO THE NATION'S LIBERTY AND PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AMERICAN COMPASS PROGRAM AIMS TO ADVANCE NEW THINKING ABOUT ECONOMIC POLICY, THROUGH PUBLICATIONS, EVENTS, AND NETWORK-BUILDING. IN 2021, WE PUBLISHED SEVEN COLLECTIONS, HOSTED FIVE PUBLIC EVENTS AND A NUMBER OF ADDITIONAL PRIVATE ONES, AND GREW OUR MEMBERSHIP GROUP TO APPROXIMATELY 95 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oren Cass President/treasurer/exec. Director | OfficerTrustee | 40 | $257,228 |
Abigail Salvatore Communications Director | 40 | $115,045 | |
Chris Griswold Policy Director | 40 | $110,329 | |
Wells King Research Director | 40 | $104,045 | |
David Azerrad Secretary | OfficerTrustee | 1 | $750 |
Jonathan Baron Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,787,568 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,787,568 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,789,364 |
| 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. | $306,653 |
| Compensation of current officers, directors, key employees. | $61,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,783 |
| Pension plan accruals and contributions | $46,351 |
| Other employee benefits | $11,581 |
| Payroll taxes | $48,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,642 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,173 |
| Advertising and promotion | $12,327 |
| Office expenses | $7,143 |
| Information technology | $44,187 |
| Royalties | $0 |
| Occupancy | $32,639 |
| Travel | $26,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,239 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,400 |
| Insurance | $3,858 |
| All other expenses | $0 |
| Total functional expenses | $1,366,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $709,216 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $550,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,900 |
| Other assets | $0 |
| Total assets | $1,285,116 |
| Accounts payable and accrued expenses | $13,229 |
| 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 | $13,229 |
| Net assets without donor restrictions | $596,887 |
| Net assets with donor restrictions | $675,000 |
| 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 | $1,285,116 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that American Compass Inc has recieved totaling $1,250,000.
| Awarding Organization | Amount |
|---|---|
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $425,000 |
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $250,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $200,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR RESEARCH ON ALTERNATIVES TO NEOLIBERALISM | $125,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR RESEARCH ON ALTERNATIVES TO NEOLIBERALISM | $125,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO LAUNCH A SERIES OF PUBLICATIONS, EDUCATE POLICYMAKERS, AND RAISE PUBLIC AWARENESS AND SUPPORTAROUND EDUCATION POLICIES. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Protect Democracy Project Washington, DC | $49,196,682 | $34,042,265 |
Third Way Institute Washington, DC | $31,398,339 | $13,168,631 |
Our Generation Inc Washington, DC | $520,964 | $10,281,358 |
Migration Policy Institute Washington, DC | $8,191,422 | $5,441,151 |
American Oversight Inc Washington, DC | $3,531,984 | $4,908,115 |
American Compass Inc Washington, DC | $1,285,116 | $1,789,364 |
The Womens Law Center Of Maryland Inc Towson, MD | $1,303,784 | $1,351,361 |
Phoenix Center For Advanced Legal & Economic Public Policy Studies Inc Washington, DC | $444,235 | $936,234 |
Progressives For Immigration Reform Washington, DC | $689,071 | $894,879 |
Sunwater Institute Rockville, MD | $127,358 | $96,181 |
Center For Countering Digital Hate Washington, DC | $860,457 | $1,471,247 |
Institute Of Intellectual Property & Social Justice Inc Rockville, MD | $473,708 | $658,023 |