Civic Intelligence

Compass Working Capital Inc.

990 • Fiscal year 2013 • EIN 20-3975100

Sep 01, 2012 to Aug 31, 2013 • Filed on Jan 13, 2014

Organization ProfileWWW.COMPASSWORKINGCAPITAL.ORG
89 South Street No 20302111
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.14x

Higher debt load relative to assets than 62% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

88th percentile

44%

Faster asset growth than 88% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$423,260

Up $128,485 (+44%) from 2012

Net Assets

Up

$365,360

Up $194,434 (+114%) from 2012

Liabilities

Down

$57,900

Down $65,949 (-53%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$569,623

Up $178,000 (+45%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $632,052Liabilities 2010: $173,749Net Assets 2010: $458,3032010Assets 2011: $353,625Liabilities 2011: $149,308Net Assets 2011: $204,3172011Assets 2012: $294,775Liabilities 2012: $123,849Net Assets 2012: $170,9262012Assets 2013: $423,260Liabilities 2013: $57,900Net Assets 2013: $365,3602013Assets 2014: $1,115,932Liabilities 2014: $75,858Net Assets 2014: $1,040,0742014Assets 2015: $1,489,487Liabilities 2015: $139,516Net Assets 2015: $1,349,9712015Assets 2016: $2,922,910Liabilities 2016: $106,741Net Assets 2016: $2,816,1692016Assets 2017: $2,844,915Liabilities 2017: $169,410Net Assets 2017: $2,675,5052017Assets 2018: $3,019,658Liabilities 2018: $122,144Net Assets 2018: $2,897,5142018Assets 2019: $3,625,963Liabilities 2019: $175,908Net Assets 2019: $3,450,0552019Assets 2020: $8,810,858Liabilities 2020: $3,635,514Net Assets 2020: $5,175,3442020Assets 2021: $7,231,995Liabilities 2021: $953,524Net Assets 2021: $6,278,4712021Assets 2022: $6,922,240Liabilities 2022: $548,744Net Assets 2022: $6,373,4962022Assets 2023: $9,217,842Liabilities 2023: $820,979Net Assets 2023: $8,396,8632023Assets 2024: $18,517,721Liabilities 2024: $1,567,231Net Assets 2024: $16,950,4902024Assets 2025: $26,304,007Liabilities 2025: $1,973,117Net Assets 2025: $24,330,8902025

Highlighted filing

2013

Assets$423,260
Liabilities$57,900
Net Assets$365,360
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $251,6742010Revenue 2011: $105,621Expenses 2011: $359,607Net Income 2011: -$253,9862011Expenses 2012: $391,6232012Expenses 2013: $569,6232013Revenue 2014: $1,471,852Expenses 2014: $797,138Net Income 2014: $674,7142014Revenue 2015: $1,633,625Expenses 2015: $1,323,728Net Income 2015: $309,8972015Revenue 2016: $3,414,878Expenses 2016: $1,948,695Net Income 2016: $1,466,1832016Revenue 2017: $2,504,289Expenses 2017: $2,644,953Net Income 2017: -$140,6642017Revenue 2018: $3,255,107Expenses 2018: $3,033,098Net Income 2018: $222,0092018Revenue 2019: $4,445,988Expenses 2019: $3,893,447Net Income 2019: $552,5412019Revenue 2020: $6,621,752Expenses 2020: $4,896,463Net Income 2020: $1,725,2892020Revenue 2021: $7,536,157Expenses 2021: $6,433,030Net Income 2021: $1,103,1272021Revenue 2022: $6,912,729Expenses 2022: $6,817,704Net Income 2022: $95,0252022Revenue 2023: $9,714,952Expenses 2023: $7,691,585Net Income 2023: $2,023,3672023Revenue 2024: $17,627,890Expenses 2024: $9,106,570Net Income 2024: $8,521,3202024Revenue 2025: $18,415,281Expenses 2025: $11,081,527Net Income 2025: $7,333,7542025

Highlighted filing

2013

Revenue-
Expenses$569,623
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2012 to Aug 31, 2013
Signed
Jan 13, 2014
Return Version
2012v2.1
Gross Receipts
$771,863
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.

Major Activities

Activity 2
Financial coaching programs:in 2009, compass introduced a contract-based financial coaching program designed to help other community organizations integrate asset building into their work. Notably, compass developed a customized financial coaching program for a boston-based nonprofit organization that offers college scholarships for formerly homeless and low-income single parents. In fy 2013 and in fy 2012, compass expanded significantly its contract-based financial coaching programs, and the program now provides an earned revenue stream for the organization. Moreover, the early results of the 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, and higher savings. To date, compass has served approximately 306 families through its contract-based financial coaching programs.
Activity 3
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 2:1 or 3:1 match on their savings. At the end of the two-year savings period, participants can apply their savings toward an asset purchase. To date, compass has enrolled 143 participants in this flagship program. At the end of fy 2013, ida participants had saved $171,736 and earned $313,171 in match funds toward their asset goals. Among program graduates, ida participants who utilized their savings toward a first-time home purchase have, to date, leveraged more than $3.6 million in affordable mortgage financing. College savings initiative: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 148 college savings plans for families.
Filing and Contact Details

Filer

EIN
20-3975100
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IRS990/Activity2/Description0FINANCIAL COACHING PROGRAMS:IN 2009, COMPASS INTRODUCED A CONTRACT-BASED FINANCIAL COACHING PROGRAM DESIGNED TO HELP OTHER COMMUNITY ORGANIZATIONS INTEGRATE ASSET BUILDING INTO THEIR WORK. NOTABLY, COMPASS DEVELOPED A CUSTOMIZED FINANCIAL COACHING PROGRAM FOR A BOSTON-BASED NONPROFIT ORGANIZATION THAT OFFERS COLLEGE SCHOLARSHIPS FOR FORMERLY HOMELESS AND LOW-INCOME SINGLE PARENTS. IN FY 2013 AND IN FY 2012, COMPASS EXPANDED SIGNIFICANTLY ITS CONTRACT-BASED FINANCIAL COACHING PROGRAMS, AND THE PROGRAM NOW PROVIDES AN EARNED REVENUE STREAM FOR THE ORGANIZATION. MOREOVER, THE EARLY RESULTS OF THE 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, AND HIGHER SAVINGS. TO DATE, COMPASS HAS SERVED APPROXIMATELY 306 FAMILIES THROUGH ITS CONTRACT-BASED FINANCIAL COACHING PROGRAMS.
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IRS990/Activity3/Description0INDIVIDUAL 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 2:1 OR 3:1 MATCH ON THEIR SAVINGS. AT THE END OF THE TWO-YEAR SAVINGS PERIOD, PARTICIPANTS CAN APPLY THEIR SAVINGS TOWARD AN ASSET PURCHASE. TO DATE, COMPASS HAS ENROLLED 143 PARTICIPANTS IN THIS FLAGSHIP PROGRAM. AT THE END OF FY 2013, IDA PARTICIPANTS HAD SAVED $171,736 AND EARNED $313,171 IN MATCH FUNDS TOWARD THEIR ASSET GOALS. AMONG PROGRAM GRADUATES, IDA PARTICIPANTS WHO UTILIZED THEIR SAVINGS TOWARD A FIRST-TIME HOME PURCHASE HAVE, TO DATE, LEVERAGED MORE THAN $3.6 MILLION IN AFFORDABLE MORTGAGE FINANCING. COLLEGE SAVINGS INITIATIVE: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 148 COLLEGE SAVINGS PLANS FOR FAMILIES.
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IRS990/ActivityOrMissionDescription0COMPASS WORKING CAPITAL, INC. ("COMPASS") PROVIDES INCENTIVE-BASED FINANCIAL COACHING AND SAVINGS PROGRAMS THAT EMPOWER WORKING, LOW-INCOME FAMILIES TO BUILD ASSETS, ACHIEVE THEIR FINANCIAL GOALS, AND BECOME FINANCIALLY SECURE. OUR BROADER VISION IS TO BUILD A LEADING, NONPROFIT FINANCIAL SERVICES ORGANIZATION THAT PROMOTES ECONOMIC MOBILITY AND FINANCIAL SECURITY FOR WORKING POOR FAMILIES BY INFLUENCING FIELD-RELATED PRACTICE AND POLICY.
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IRS990/Description0FAMILY SELF-SUFFICIENCY (FSS) PROGRAM:IN 2010, COMPASS BECAME THE FIRST NONPROFIT ORGANIZATION IN THE COUNTRY TO LAUNCH AN ASSET-BUILDING MODEL FOR THE FAMILY SELF-SUFFICIENCY ("FSS") PROGRAM, A HISTORICALLY UNDERUTILIZED FEDERAL HOUSING PROGRAM OFFERED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). THE FEDERAL GOVERNMENT ESTABLISHED THE FSS PROGRAM IN 1990 TO HELP BOOST EMPLOYMENT AND SAVINGS FOR RECIPIENTS OF FEDERAL HOUSING ASSISTANCE. IN ORDER TO EASE THE RENT BURDEN, ELIGIBLE LOW-INCOME FAMILIES TYPICALLY PAY 30% OF THEIR INCOME TOWARD RENT. THIS STRUCTURE INADVERTENTLY DISCOURAGES SOME RESIDENTS FROM INCREASING THEIR WORK HOURS AND EARNINGS SINCE THEY WORRY ABOUT PAYING MORE RENT AND LOSING OTHER BENEFITS IF THEIR INCOME INCREASES. THE FSS MODEL CHANGES THE INCENTIVE STRUCTURE BY ALLOWING PARTICIPANTS TO CAPTURE THEIR INCREASED RENT PAYMENTS IN A SAVINGS ACCOUNT, HELD BY THE HOUSING AUTHORITY, WHICH CAN BE ACCESSED UPON THE COMPLETION OF A FINANCIAL EDUCATION AND COACHING PROGRAM. PARTICIPANTS CAN UTILIZE THEIR SAVINGS TO ACHIEVE THEIR FINANCIAL GOALS AND REDUCE THEIR RELIANCE ON PUBLIC ASSISTANCE. COMPASS LAUNCHED ITS FIRST FSS PROGRAM IN LYNN, MA THROUGH A UNIQUE COLLABORATION WITH LYNN HOUSING AUTHORITY AND NEIGHBORHOOD DEVELOPMENT ("LHAND"), A LOCAL HOUSING AUTHORITY WITH A STRONG TRACK RECORD OF PROMOTING ECONOMIC MOBILITY FOR ITS RESIDENTS. EARLY DATA EMERGING FROM THE COMPASS FSS PROGRAM HAS BEEN VERY PROMISING. AT THE END OF FY 2013, COMPASS HAD ENROLLED ABOUT 20% OF THE SECTION 8 POPULATION IN LYNN, A FIGURE NEARLY FOUR TIMES THE NATIONAL AVERAGE. AFTER JUST ONE YEAR IN THE FSS PROGRAM, 63% OF PARTICIPANTS HAD INCREASED THEIR INCOME, 60% HAD REDUCED THEIR DEBT, 68% HAD IMPROVED THEIR CREDIT, AND 68% HAD SAVED AN AVERAGE OF $1,245.BUILDING ON THE SUCCESS OF THE INITIAL PILOT PROGRAM IN LYNN, COMPASS LAUNCHED ITS FIRST REPLICATION EFFORT IN PARTNERSHIP WITH CAMBRIDGE HOUSING AUTHORITY ("CHA") IN AUGUST 2012. A HOUSING AUTHORITY WITH NATIONALLY RESPECTED LEADERSHIP AND RESULTS, CHA PROVIDES COMPASS WITH AN OPPORTUNITY TO DEMONSTRATE PROOF OF CONCEPT IN A LARGER, URBAN MARKET AND POSITIONS US FOR BROADER POLICY INFLUENCE. THE FIRST PROGRAM OF ITS KIND IN THE COUNTRY, THE COMPASS FSS PROGRAM HAS RECENTLY ATTRACTED LOCAL AND NATIONAL ATTENTION AS A SCALABLE, HOUSING-BASED MODEL TO PROMOTE ECONOMIC MOBILITY AND FINANCIAL SECURITY FOR WORKING POOR FAMILIES.
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IRS990/MissionDescription0COMPASS WORKING CAPITAL, INC. ("COMPASS") PROVIDES INCENTIVE-BASED FINANCIAL COACHING AND SAVINGS PROGRAMS THAT EMPOWER WORKING, LOW-INCOME FAMILIES TO BUILD ASSETS, ACHIEVE THEIR FINANCIAL GOALS, AND BECOME FINANCIALLY SECURE. OUR BROADER VISION IS TO BUILD A LEADING, NONPROFIT FINANCIAL SERVICES ORGANIZATION THAT PROMOTES ECONOMIC MOBILITY AND FINANCIAL SECURITY FOR WORKING POOR FAMILIES BY INFLUENCING FIELD-RELATED PRACTICE AND POLICY.
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IRS990/PriorExcessBenefitTransaction00
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0624100
IRS990/ProgramServiceRevenue/BusinessCode1624100
IRS990/ProgramServiceRevenueCY0188342
IRS990/ProgramServiceRevenue/Description0FINANCIAL COACHING, TR
IRS990/ProgramServiceRevenue/Description1HOUSING AUTHORITY CONT
IRS990/ProgramServiceRevenuePriorYear0105471
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome098866
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome189476
IRS990/ProgramServiceRevenue/TotalRevenueColumn098866
IRS990/ProgramServiceRevenue/TotalRevenueColumn189476
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/ReconcilationOtherChanges00
IRS990/ReconcilationRevenueExpenses0194434
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity00
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities00
IRS990/ReportProgRelInvest00
IRS990/Revenue089476
IRS990/RevenuesLessExpensesCY0194434
IRS990/RevenuesLessExpensesPriorYear0-33391
IRS990/SalariesEtcCurrentYear0366854
IRS990/SalariesEtcPriorYear0237662
IRS990ScheduleA/AmountsSubstContributorsTotal0849854
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear0575711
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year0251334
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years058157
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years0640077
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years0161805
IRS990ScheduleA/GiftsGrantsContribReceived170/Total01687084
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear04
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year035
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years0250
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years0252
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years0834
IRS990ScheduleA/GrossInvestmentIncome170/Total01375
IRS990ScheduleA/GrossReceiptsFromAdmissionsEtc0446036
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus1Year01392
IRS990ScheduleA/OtherIncome170/Total01392
IRS990ScheduleA/PubliclySupportedOrg170b1Avi0X
IRS990ScheduleA/PublicSupportPertcentage17000.49540
IRS990ScheduleA/PublicSupportPertcentPriorYear00.56000
IRS990ScheduleA/PublicSupportTotal1700837230
IRS990ScheduleA/ThirtyThreePercntTestsCY1700X
IRS990ScheduleA/Total170/CurrentTaxYear0575711
IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year0251334
IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years058157
IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years0640077
IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years0161805
IRS990ScheduleA/Total170/Total01687084
IRS990ScheduleA/TotalSupport01689851
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired01
IRS990ScheduleD/DonatedServicesUseOfFacilities086678
IRS990ScheduleD/DonatedSrvcAndUseOfFacilities086678
IRS990ScheduleD/Equipment/BookValue03166
IRS990ScheduleD/Equipment/Depreciation04205
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis07371
IRS990ScheduleD/ExpensesNotRptdF990086678
IRS990ScheduleD/ExpensesNotRptdOnFinStmt00
IRS990ScheduleD/ExpensesSubtotal0569623
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0TAX POSITION: THE ORGANIZATION CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. 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. 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 FY 2010 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/RevenueNotRptdF990086678
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal0764057
IRS990ScheduleD/TotalExpensesPerForm9900569623
IRS990ScheduleD/TotalOfBookValueLandBuildings03166
IRS990ScheduleD/TotalRevenuePerForm9900764057
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt0656301
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0850735
IRS990ScheduleG/EventsInformation/CharitableContributionsEvent1014624
IRS990ScheduleG/EventsInformation/CharitableContributionsTotal014624
IRS990ScheduleG/EventsInformation/DirectExpenseSummaryEvents07806
IRS990ScheduleG/EventsInformation/FoodAndBeverageEvent106441
IRS990ScheduleG/EventsInformation/FoodAndBeverageTotalEvents06441
IRS990ScheduleG/EventsInformation/GrossReceiptsEvent1022430
IRS990ScheduleG/EventsInformation/GrossReceiptsTotal022430
IRS990ScheduleG/EventsInformation/GrossRevenueEvent107806
IRS990ScheduleG/EventsInformation/GrossRevenueTotalEvents07806
IRS990ScheduleG/EventsInformation/NameOfEvent10ANNUAL FUND RAISING BREAKFAST
IRS990ScheduleG/EventsInformation/NetIncomeSummary00
IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent101365
IRS990ScheduleG/EventsInformation/OtherDirectExpensesTotalEvents01365
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant030971
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients011
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0MATCHED SAVINGS PAYMENTS THROUGH THE INDIVIDUAL DEVELOPMENT ACCOUNT PROGRAM (IDA)
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE 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.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
IRS990ScheduleI/RecordsMaintained01
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0THE 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/Explanation1ORIENTATION PROCESS FOR NEW EMPLOYEES AND BOARD MEMBERS. IN ADDITION, BOARD MEMBERS HAVE TO SIGN ACKNOWLEDGMENT FORM AT ANNUAL MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation2THE 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/Explanation3UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MA
IRS990/StatesWhereCopyOfReturnIsFiled0MA
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY0211375
IRS990/TemporarilyRestrictedNetAssets/EOY0404944
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1089 SOUTH STREET SUITE 203
IRS990/TheBooksAreInCareOf/AddressUS/City0BOSTON
IRS990/TheBooksAreInCareOf/AddressUS/State0MA
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode002111
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10SHARON E RIVA
IRS990/TheBooksAreInCareOf/TelephoneNumber06177900810
IRS990/TotalAssets/BOY0294775
IRS990/TotalAssetsBOY0294775
IRS990/TotalAssets/EOY0423260
IRS990/TotalAssetsEOY0423260

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$423,260
Liabilities
$57,900
Net assets
$365,360
Revenue
-
Expenses
$569,623
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$26.3$1.97$24.3$18.4$11.1$7.33
2024Detailed filing. Detailed filing data is available for this year.$18.5$1.57$17.0$17.6$9.11$8.52
2023Detailed filing. Detailed filing data is available for this year.$9.22$0.82$8.40$9.71$7.69$2.02
2022Detailed filing. Detailed filing data is available for this year.$6.92$0.55$6.37$6.91$6.82$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.23$0.95$6.28$7.54$6.43$1.10
2020Detailed filing. Detailed filing data is available for this year.$8.81$3.64$5.18$6.62$4.90$1.73
2019Detailed filing. Detailed filing data is available for this year.$3.63$0.18$3.45$4.45$3.89$0.55
2018Detailed filing. Detailed filing data is available for this year.$3.02$0.12$2.90$3.26$3.03$0.22
2017Detailed filing. Detailed filing data is available for this year.$2.84$0.17$2.68$2.50$2.64$0.14
2016Detailed filing. Detailed filing data is available for this year.$2.92$0.11$2.82$3.41$1.95$1.47
2015Detailed filing. Detailed filing data is available for this year.$1.49$0.14$1.35$1.63$1.32$0.31
2014Detailed filing. Detailed filing data is available for this year.$1.12$0.08$1.04$1.47$0.80$0.67
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.06$0.37$0.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.12$0.17$0.39
2011Summary only. Only limited summary data is available for this year.$0.35$0.15$0.20$0.11$0.36$0.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.17$0.46$0.25