Civic Intelligence

Compass Academy Charter School

990 • Fiscal year 2022 • EIN 45-4835297

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

0.40x

Higher debt load relative to revenue than 79% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Net Margin

47th percentile

6.0%

Higher net margin than 47% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Asset Growth

88th percentile

64%

Faster asset growth than 88% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

36th percentile

-0.3%

Faster revenue growth than 36% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,255,572

Up $488,233 (+64%) from 2021

Net Assets

Up

$4,809

Up $190,037 (+103%) from 2021

Liabilities

Up

$1,250,763

Up $298,196 (+31%) from 2021

Revenue

Down

$3,160,403

Down $8,552 (-0.3%) from 2021

Expenses

Down

$2,970,366

Down $66,270 (-2.2%) from 2021

Net Income

Up

$190,037

Up $57,718 (+44%) from 2021

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

2022

Assets$1,255,572
Liabilities$1,250,763
Net Assets$4,809

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

2022

Revenue$3,160,403
Expenses$2,970,366
Net Income$190,037
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.1
Gross Receipts
$3,216,033
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
Accounts Receivable$143,079$264,304▲ $121,225
Cash and Non-Interest-Bearing Accounts$168,908$172,062▲ $3,154
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-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$767,339$1,255,572▲ $488,233
Other Assets Total$455,352$819,206▲ $363,854
Liabilities
Other Liabilities$926,282$670,146▼ $256,136
Accounts Payable and Accrued Expenses$22,255$559,402▲ $537,147
Deferred Revenue$4,030$21,215▲ $17,185
Total Liabilities$952,567$1,250,763▲ $298,196
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,861$81,271▲ $74,410
Net Assets Without Donor Restrictions$-192,089$-76,462▲ $115,627
Total Net Assets Fund Balance$-185,228$4,809▲ $190,037
Total Liabilities and Net Assets / Fund Balance$767,339$1,255,572▲ $488,233

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$484,898--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mickey BrandtPresident
Suzanne YoungbloodPresident
Dion ColvinVice President
Gladwyn BaptistTrustee
Jennifer OwensTrustee
John CortesTrustee
Lynn LichtenbergerTrustee
Patricia BaconTrustee
DOUGLAS C McGARRYBus Administrat
Joel JohnstonEx-Officio
Susan E LittlePrincipal
Revenue and Support

Revenue Composition

Contributions and Grants
$3,215,981
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-55,578
All Other Contributions
$166,915
Change in Net Assets
$190,037

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,160,403
Total Revenue per Audited Statements
$3,160,403
Total Revenue per Form 990
$3,160,403
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,269,599
Other Expenses$700,767
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,163,384$313,441-$1,476,825
Other Employee Benefits$624,516$168,258-$792,774
Fees for Services Management$226,947$61,144-$288,091
Office Expenses$37,210$98,257-$135,467
Occupancy$75,433$20,323-$95,756
Depreciation Depletion-$87,394-$87,394
Insurance$33,121$8,923-$42,044
Interest-$32,125-$32,125
Fees for Services Accounting-$15,800-$15,800
Travel-$4,090-$4,090
Total Functional Expenses$2,160,611$809,755$0$2,970,366

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,970,366
Total Expenses per Audited Statements$2,970,366
Total Expenses per Form 990$2,970,366
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$358,708
Deferred Inflow$311,438
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 35% controlled entity
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
DOUGLAS C McGARRY
Title
Bus Administrat
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
42

Preparer

Firm
Barre & Company LLC
Address
2204 MORRIS AVE STE 206, UNION, NJ 07083
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
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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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