Liabilities / Assets
70th percentile
Higher debt load relative to assets than 70% of similar nonprofits.
Compass Working Capital Inc.
990 • Fiscal year 2010 • EIN 20-3975100
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.27x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
$632,052
No earlier filing loaded for comparison.
Net Assets
$458,303
No earlier filing loaded for comparison.
Liabilities
$173,749
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
$251,674
No earlier filing loaded for comparison.
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Sep 1, 2009 to Aug 31, 2010
- Signed
- Jul 6, 2011
- Return Version
- 2009v1.7
- Gross Receipts
- $701,577
Mission and Program Overview
Mission
Compass working capital ("compass") is working to end asset poverty for families with low incomes and narrow the racial and gender wealth divides. Our mission is to partner with families with low incomes to build assets as a pathway out of poverty. We focus on reaching families led by black and/or latinx women. To achieve our mission, we operate client-centered savings and financial coaching programs, deliver training and technical assistance to other practitioners, and shape policy solutions that dismantle barriers to asset building.
Filing and Contact Details
Filer
- EIN
- 20-3975100
Raw XML Appendix394 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDescription | 0 | To provide incentive based savings and financial coaching programs that help low-income families access opportunities, build assets, and achieve their financial aspirations. |
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| IRS990/Description | 0 | Individual Development Account (IDA) Program. Compass IDA program provides financial education, financial coaching, and matched savings accounts for working, low-income parents to help them save toward homeownership, small business development, or post-secondary education. Participants commit to a monthly savings goal of $25-$75 and receive a 3:1 match on their savings. At the end of the two years savings period, participants can apply their savings toward an asset purchase. Compass offers the IDA program in Boston, Brookline, and Lynn and has enrolled 120 families in this flagship program. College Savings Initiative. Building on its successful first IDA product, Compass launched a college savings initiative as a strategy to promote asset building more broadly for working poor families. Through education and outreach, Compass helps low-income families access 529 college savings plans, which offer an affordable but powerful means to save for college. In addition to helping families save for college, college savings plans have a significant impact on low-income students aspirations and expectations about college. Through partnerships with Fidelity Investments, the Massachusetts Educational Financing Authority (MEFA), and local schools and nonprofit organizations, Compass has opened more than 125 college savings plans for families. Financial Coaching Programs. In FY2010, Compass expanded a contract-based financial coaching program designed to help other community organizations integrate asset building into their work. Notably, Compass provides a customized financial coaching program for a Boston-based nonprofit organization that offers college scholarships for formerly homeless and low-income single parents. Through this contract, Compass provides financial education and individual financial coaching for approximately 75 low-income women. The early results of this financial coaching program are promising. Participants have demonstrated strong gains in key financial health indicators, including utilization of high quality financial products, increased credit scores, decreased debt burdens, and higher savings. |
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| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | Tax Position: Accounting Standards for Income Taxes provide detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an organization's financial statements. The Organization adopted the provisions of this standard on September 1, 2009. The implementation of this standard did not have any impact on the financial position or net assets of the Organization. The primary tax positions made by the Organization are the existence of Unrelated Business Income Tax and the Organization's status as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Organization currently evaluates all tax positions, and makes a determination regarding the likelihood of those positions being upheld under review. For the year presented, the Organization has not recognized any tax benefits or loss contingencies for uncertain tax positions based on this evaluation. All tax periods prior to 2006 are no longer subject to examination by tax authorities. |
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| IRS990ScheduleI/Form990ScheduleIPartIV/Explanation | 0 | Schedule I, Part I, Line 2: COMPASS WORKING CAPITAL'S MISSION IS TO PROVIDE INCENTIVE BASED SAVINGS AND FINANCIAL COACHING PROGRAMS THAT HELP LOW-INCOME FAMILIES ACCESS OPPORTUNITIES, BUILD ASSETS, AND ACHIEVE THEIR FINANCIAL ASPIRATIONS. FINANCIAL INCENTIVE PAYMENTS, OR CASH GRANTS, ARE PROVIDED TO INDIVIDUALS IN OUR CORE SAVINGS PROGRAMS TO HELP FAMILIES OBTAIN THEIR ASSET GOAL, SUCH AS A FIRST-TIME HOME, A SMALL BUSINESS, A COLLEGE EDUCATION, OR A COLLEGE SAVINGS ACCOUNT FOR A CHILD. THE APPROPRIATE EXPENDITURE OF THESE FUNDS ARE MONITORED BY STAFF OF COMPASS WORKING CAPITAL WHO WORK CLOSELY WITH THE GRANT RECIPIENTS. |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | by-laws updated in september 2010 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | The President/Treasurer reviewed and approved the Form 990 prior to its filing. The complete Form 990 was distributed to the Board of Directors prior to filing. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | THE EXECUTIVE DIRECTOR'S COMPENSATION WAS VOTED ON AS PART OF BOARD'S APPROVAL OF THREE-YEAR ORGANIZATION BUDGET (WHICH INCLUDED DETAILED SALARY PROJECTIONS) IN MAY 2010. SALARY SCHEDULES FOR ED AND FOR ALL EMPLOYEES WAS ESTABLISHED (AND RECOMMENDED TO BOARD) BASED ON ANNUAL REVIEW OF NONPROFIT WAGE AND BENEFITS REPORT, PUBLISHED BY OUTSIDE ORGANIZATION |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | UPON REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | The Board of Directors appointed an Audit Committee to oversee the audit process and to appoint the independent auditor. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | Form 990, Part VI, Section A, line 4 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | Form 990, Part VI, Section B, line 11 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | Form 990, Part VI, Section B, line 15 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 3 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 4 | PART XI, LINE 2C EXPLANATION |
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| IRS990/TotalAssetsBOY | 0 | 193804 |
| IRS990/TotalAssets/EOY | 0 | 632052 |
| IRS990/TotalAssetsEOY | 0 | 632052 |
| IRS990/TotalCompGT150K | 0 | 0 |
| IRS990/TotalContributions | 0 | 640077 |
| IRS990/TotalExpensesCurrentYear | 0 | 251674 |
| IRS990/TotalExpensesPriorYear | 0 | 184107 |
| IRS990/TotalFunctionalExpenses/Fundraising | 0 | 6192 |
| IRS990/TotalFunctionalExpenses/ManagementAndGeneral | 0 | 42476 |
| IRS990/TotalFunctionalExpenses/ProgramServices | 0 | 203006 |
| IRS990/TotalFunctionalExpenses/Total | 0 | 251674 |
| IRS990/TotalFundrsngExpCurrentYear | 0 | 6192 |
| IRS990/TotalGrossUBI | 0 | 0 |
| IRS990/TotalLiabilities/BOY | 0 | 181291 |
| IRS990/TotalLiabilitiesBOY | 0 | 181291 |
| IRS990/TotalLiabilities/EOY | 0 | 173749 |
| IRS990/TotalLiabilitiesEOY | 0 | 173749 |
| IRS990/TotalLiabNetAssetsFundBalances/BOY | 0 | 193804 |
| IRS990/TotalLiabNetAssetsFundBalances/EOY | 0 | 632052 |
| IRS990/TotalNbrEmployees | 0 | 2 |
| IRS990/TotalNbrVolunteers | 0 | 15 |
| IRS990/TotalNetAssetsFundBalances/BOY | 0 | 12513 |
| IRS990/TotalNetAssetsFundBalances/EOY | 0 | 458303 |
| IRS990/TotalOtherCompensation | 0 | 0 |
| IRS990/TotalProfFundrsngExpCY | 0 | 0 |
| IRS990/TotalProgramServiceExpense | 0 | 203006 |
| IRS990/TotalProgramServiceRevenue | 0 | 56248 |
| IRS990/TotalReportableCompFrmRltdOrgs | 0 | 0 |
| IRS990/TotalReportableCompFromOrg | 0 | 0 |
| IRS990/TotalRevenueCurrentYear | 0 | 697464 |
| IRS990/TotalRevenue/ExclusionAmount | 0 | 1139 |
| IRS990/TotalRevenuePriorYear | 0 | 190131 |
| IRS990/TotalRevenue/RelatedOrExemptFunctionIncome | 0 | 56248 |
| IRS990/TotalRevenue/TotalRevenueColumn | 0 | 697464 |
| IRS990/TotalRevenue/UnrelatedBusinessRevenue | 0 | 0 |
| IRS990/TransfersToExemptNonChrtblOrg | 0 | 0 |
| IRS990/TypeOfOrganizationCorporation | 0 | X |
| IRS990/UnrelatedBusinessIncome | 0 | 0 |
| IRS990/UnrestrictedNetAssets/BOY | 0 | 5084 |
| IRS990/UnrestrictedNetAssets/EOY | 0 | -7387 |
| IRS990/UponRequest | 0 | X |
| IRS990/WebSite | 0 | WWW.COMPASSWORKINGCAPITAL.ORG |
| IRS990/WhistleblowerPolicy | 0 | 0 |
| IRS990/YearFormation | 0 | 2005 |
| ReturnHeader/BuildTS | 0 | 2016-02-24 21:20:13Z |
| ReturnHeader/Filer/EIN | 0 | 203975100 |
| ReturnHeader/Filer/Name/BusinessNameLine1 | 0 | COMPASS WORKING CAPITAL INC |
| ReturnHeader/Filer/NameControl | 0 | COMP |
| ReturnHeader/Filer/Phone | 0 | 6177900810 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 89 SOUTH STREET No 203 |
| ReturnHeader/Filer/USAddress/City | 0 | Boston |
| ReturnHeader/Filer/USAddress/State | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 02111 |
| ReturnHeader/Officer/AuthorizeThirdParty | 0 | 1 |
| ReturnHeader/Officer/DateSigned | 0 | 2011-07-06 |
| ReturnHeader/Officer/Name | 0 | Sharon E Riva |
| ReturnHeader/Officer/Phone | 0 | 6177900810 |
| ReturnHeader/Officer/Title | 0 | PRESIDENT |
| ReturnHeader/Preparer/DatePrepared | 0 | 2011-07-06 |
| ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1 | 0 | SMITH SULLIVAN & COMPANY PC |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1 | 0 | 80 FLANDERS ROAD - SUITE 200 |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City | 0 | WESTBOROUGH |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State | 0 | MA |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode | 0 | 01581 |
| ReturnHeader/Preparer/Name | 0 | Linda M Smith CPA |
| ReturnHeader/Preparer/Phone | 0 | 5088717178 |
| ReturnHeader/ReturnType | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDate | 0 | 2009-09-01 |
| ReturnHeader/TaxPeriodEndDate | 0 | 2010-08-31 |
| ReturnHeader/TaxYear | 0 | 2009 |
| ReturnHeader/Timestamp | 0 | 2011-07-14T13:26:52-05:00 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $632,052
- Liabilities
- $173,749
- Net assets
- $458,303
- Revenue
- -
- Expenses
- $251,674
- Net income
- -