Civic Intelligence

Compass Academy Charter School

990 • Fiscal year 2017 • EIN 45-4835297

Jul 01, 2016 to Jun 30, 2017 • Filed on May 13, 2018

23 W Chestnut AvenueVineland, NJ 08360

(856) 899-5570

Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

0.26x

Higher debt load relative to revenue than 71% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

47th percentile

2.8%

Higher net margin than 47% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

98th percentile

476%

Faster asset growth than 98% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

59th percentile

8.4%

Faster revenue growth than 59% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$538,160

Up $444,793 (+476%) from 2016

Net Assets

Up

$1,143

Up $56,874 (+102%) from 2016

Liabilities

Up

$537,017

Up $387,919 (+260%) from 2016

Revenue

Up

$2,039,559

Up $158,148 (+8.4%) from 2016

Expenses

Up

$1,982,685

Up $27,448 (+1.4%) from 2016

Net Income

Up

$56,874

Up $130,700 (+177%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2014: $113,384Liabilities 2014: $120,251Net Assets 2014: -$6,8672014Assets 2015: $119,164Liabilities 2015: $101,069Net Assets 2015: $18,0952015Assets 2016: $93,367Liabilities 2016: $149,098Net Assets 2016: -$55,7312016Assets 2017: $538,160Liabilities 2017: $537,017Net Assets 2017: $1,1432017Assets 2018: $676,721Liabilities 2018: $679,223Net Assets 2018: -$2,5022018Assets 2019: $531,243Liabilities 2019: $675,666Net Assets 2019: -$144,4232019Assets 2020: $867,121Liabilities 2020: $1,192,970Net Assets 2020: -$325,8492020Assets 2021: $767,339Liabilities 2021: $952,567Net Assets 2021: -$185,2282021Assets 2022: $1,255,572Liabilities 2022: $1,250,763Net Assets 2022: $4,8092022Assets 2023: $1,294,200Liabilities 2023: $1,179,162Net Assets 2023: $115,0382023Assets 2024: $1,154,351Liabilities 2024: $1,137,213Net Assets 2024: $17,1382024Assets 2025: $1,419,218Liabilities 2025: $844,723Net Assets 2025: $574,4952025

Highlighted filing

2017

Assets$538,160
Liabilities$537,017
Net Assets$1,143

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $1,154,597Expenses 2014: $1,161,464Net Income 2014: -$6,8672014Revenue 2015: $1,589,990Expenses 2015: $1,565,028Net Income 2015: $24,9622015Revenue 2016: $1,881,411Expenses 2016: $1,955,237Net Income 2016: -$73,8262016Revenue 2017: $2,039,559Expenses 2017: $1,982,685Net Income 2017: $56,8742017Revenue 2018: $2,311,849Expenses 2018: $2,315,494Net Income 2018: -$3,6452018Revenue 2019: $2,448,457Expenses 2019: $2,590,378Net Income 2019: -$141,9212019Revenue 2020: $2,374,605Expenses 2020: $2,556,031Net Income 2020: -$181,4262020Revenue 2021: $3,168,955Expenses 2021: $3,036,636Net Income 2021: $132,3192021Revenue 2022: $3,160,403Expenses 2022: $2,970,366Net Income 2022: $190,0372022Revenue 2023: $3,515,544Expenses 2023: $3,405,315Net Income 2023: $110,2292023Revenue 2024: $2,962,048Expenses 2024: $3,059,948Net Income 2024: -$97,9002024Revenue 2025: $3,526,161Expenses 2025: $2,968,804Net Income 2025: $557,3572025

Highlighted filing

2017

Revenue$2,039,559
Expenses$1,982,685
Net Income$56,874
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 13, 2018
Return Version
2016v3.0
Gross Receipts
$2,077,270
Mission and Program Overview

Mission

The mission of compass academy charter school is to increase each child's success in learning, and as a result, academic achievement. Using the "let me learn process" as its innovative approach, the school leadership and teachers will help students develop a stronger sense-of-self as learners, a greater degree of academic achievement, and a healthy lifestyle for learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$38,980$119,021▲ $80,041
Accounts Receivable$53,354$45,686▼ $7,668
Inventories for Sale or Use$1,033$1,033→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$93,367$538,160▲ $444,793
Other Assets Total-$372,420-
Liabilities
Other Liabilities-$441,197-
Accounts Payable and Accrued Expenses$148,515$95,820▼ $52,695
Deferred Revenue$583--
Total Liabilities$149,098$537,017▲ $387,919
Net Assets / Fund Balance
Unrestricted Net Assets$-55,731$1,143▲ $56,874
Total Net Assets Fund Balance$-55,731$1,143▲ $56,874
Total Liabilities and Net Assets / Fund Balance$93,367$538,160▲ $444,793

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$372,420--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,058,702
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-19,143
All Other Contributions
$505,130
Change in Net Assets
$56,874

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,039,559
Total Revenue per Audited Statements
$2,039,559
Total Revenue per Form 990
$2,039,559
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,452,970
Other Expenses$529,715
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$887,032$254,365-$1,141,397
Other Employee Benefits$242,155$69,418-$311,573
Fees for Services Other$9,013$151,736-$160,749
Occupancy$124,436$35,672-$160,108
Office Expenses$56,619$40,244-$96,863
Other Expenses$53,453$15,324-$68,777
Insurance-$21,425-$21,425
Fees for Services Accounting-$9,400-$9,400
Fees for Services Legal-$6,837-$6,837
Travel-$3,940-$3,940
Interest-$1,616-$1,616
Total Functional Expenses$1,372,708$609,977$0$1,982,685

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,982,685
Total Expenses per Audited Statements$1,982,685
Total Expenses per Form 990$1,982,685
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$441,197
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The school business adminstrator, and/or the board of trustees, and/or designated school officials review the tax form 990 return prior to submission and filing with the irs.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each school official and key employee, and each member of the board of trustees must complete a "school ethics/personal/relative disclosure statement," pursuant to applicable new jersey state law. These forms are filed with the appropriate governmental entities, also per applicable new jersey state law.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The minutes for the meetings of the board of trustees of the compass academy charter school are available to the public on the school's website. Annual audit and financial reports of the charter school are available on the state of new jersey department of education website. Other charter school information is available on the school website, or will be provided upon request.

Filing and Contact Details

Filer

Filer Name
Compass Academy Charter School
EIN
45-4835297
Phone
8568995570
Address
23 W CHESTNUT AVENUE, VINELAND, NJ 08360

Signing Officer

Name
Glenn Richardson
Title
Bus Administrat
Signed
2018-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
43

Preparer

Firm
Barre & Company LLC
Address
2204 MORRIS AVE STE 206, UNION, NJ 07083-5914
Preparer
Richard Barre
Phone
9086863484
Supplemental Narrative

Additional Explanations

Document Reteneion & Destruction Policy

The charter school follows state and federal regulations and standards governing record retention and destruction.

Whistleblower Policy

Compass academy charter school has a written whistleblower policy which prohibits discrimination or retaliation against any school employee who: (1) discloses or threatens to disclose to a supervisor or appropriate entity a policy or practice which the employee reasonably believes is in violation of law; (2) provides information to any public body conducting an investigation or inquiry into any alleged violation of law; or (3) objects to, or refuses to participate in any activity, policy or practice which the employee reasonably believes is in violation of law, is fraudulent or criminal, or is incompatible with public health or safety.

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IRS990/MissionDesc0THE MISSION OF COMPASS ACADEMY CHARTER SCHOOL IS TO INCREASE EACH CHILD'S SUCCESS IN LEARNING, AND AS A RESULT, ACADEMIC ACHIEVEMENT. USING THE "LET ME LEARN PROCESS" AS ITS INNOVATIVE APPROACH, THE SCHOOL LEADERSHIP AND TEACHERS WILL HELP STUDENTS DEVELOP A STRONGER SENSE-OF-SELF AS LEARNERS, A GREATER DEGREE OF ACADEMIC ACHIEVEMENT, AND A HEALTHY LIFESTYLE FOR LEARNING.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0COMPASS ACADEMY CHARTER SCHOOL MAINTAINS A RACIALLY NONDISCRIMINATORY POLICY TOWARDS ALL STUDENTS, IN THAT THE CHARTER SCHOOL DOES NOT DISCRIMINATE AGAINST ANY STUDENT, OR EMPLOYEE, FOR REASONS OF RACE, COLOR, CREED, SEX, AGE, RELIGION, ETHNIC ORIGIN, FAMILY AFFILIATION, DISABILITIES, SOCIAL OR ECONOMIC STATUS, MARITAL STATUS, SEXUAL ORIENTATION, OR BECAUSE OF LIABILITY FOR SERVICE IN THE UNITED STATES ARMED FORCES. THE RACIALLY NONDISCRIMINATORY POLICY IS CONTAINED IN THE SCHOOL BY-LAWS AND IS COMMUNICATED TO STUDENTS AND PARENTS. THE SCHOOL INTENDS TO PUBLISH THIS POLICY IN ITS BROCHURE AND ON ITS WEBSITE.IN ADDITION, COMPASS ACADEMY CHARTER SCHOOL CUSTOMARILY DRAWS ITS STUDENTS FROM LOCAL COMMUNITIES, AND FURTHER, THE CHARTER SCHOOL ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. IN ADDITION, THE CHARTER SCHOOL RECEIVES PUBLIC ASSISTANCE BY WAY OF PERCENTAGE OF LOCAL TAX LEVY PURSUANT TO REGULATIONS PROMULGATED BY THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION. THE CHARTER SCHOOL ALSO RECEIVES FEDERAL ASSISTANCE BY WAY OF GRANTS FROM NCLB/TITLE I AND I.D.E.A. PROGRAMS. OTHER FINANCIAL ASSISTANCE FROM GOVERNMENTAL PROGRAMS IS ALSO AVAILABLE VIA APPLICATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL BUSINESS ADMINSTRATOR, AND/OR THE BOARD OF TRUSTEES, AND/OR DESIGNATED SCHOOL OFFICIALS REVIEW THE TAX FORM 990 RETURN PRIOR TO SUBMISSION AND FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH SCHOOL OFFICIAL AND KEY EMPLOYEE, AND EACH MEMBER OF THE BOARD OF TRUSTEES MUST COMPLETE A "SCHOOL ETHICS/PERSONAL/RELATIVE DISCLOSURE STATEMENT," PURSUANT TO APPLICABLE NEW JERSEY STATE LAW. THESE FORMS ARE FILED WITH THE APPROPRIATE GOVERNMENTAL ENTITIES, ALSO PER APPLICABLE NEW JERSEY STATE LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MINUTES FOR THE MEETINGS OF THE BOARD OF TRUSTEES OF THE COMPASS ACADEMY CHARTER SCHOOL ARE AVAILABLE TO THE PUBLIC ON THE SCHOOL'S WEBSITE. ANNUAL AUDIT AND FINANCIAL REPORTS OF THE CHARTER SCHOOL ARE AVAILABLE ON THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION WEBSITE. OTHER CHARTER SCHOOL INFORMATION IS AVAILABLE ON THE SCHOOL WEBSITE, OR WILL BE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHARTER SCHOOL FOLLOWS STATE AND FEDERAL REGULATIONS AND STANDARDS GOVERNING RECORD RETENTION AND DESTRUCTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPASS ACADEMY CHARTER SCHOOL HAS A WRITTEN WHISTLEBLOWER POLICY WHICH PROHIBITS DISCRIMINATION OR RETALIATION AGAINST ANY SCHOOL EMPLOYEE WHO: (1) DISCLOSES OR THREATENS TO DISCLOSE TO A SUPERVISOR OR APPROPRIATE ENTITY A POLICY OR PRACTICE WHICH THE EMPLOYEE REASONABLY BELIEVES IS IN VIOLATION OF LAW; (2) PROVIDES INFORMATION TO ANY PUBLIC BODY CONDUCTING AN INVESTIGATION OR INQUIRY INTO ANY ALLEGED VIOLATION OF LAW; OR (3) OBJECTS TO, OR REFUSES TO PARTICIPATE IN ANY ACTIVITY, POLICY OR PRACTICE WHICH THE EMPLOYEE REASONABLY BELIEVES IS IN VIOLATION OF LAW, IS FRAUDULENT OR CRIMINAL, OR IS INCOMPATIBLE WITH PUBLIC HEALTH OR SAFETY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3DOCUMENT RETENEION & DESTRUCTION POLICY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4WHISTLEBLOWER POLICY
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IRS990/WebsiteAddressTxt0www.compassacademy.org
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GLENN RICHARDSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUS ADMINISTRAT
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMPASS ACADEMY CHARTER SCHOOL

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