Civic Intelligence

Compass Rose Academy Inc

EIN 84-3803269 • 501(c)3 • Wabash, IN

Profile

Compass rose academy, inc. Is a christian organization committed to enriching the lives of children and families through emotional healing, personal development, and spiritual growth.

5233 South 50 EastWabash, IN 46992-8011

www.compassroseacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

7th percentile

-182%

Higher net margin than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2024

Revenue Growth

18th percentile

-45%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2024

Assets

Down

$0

Down $13,509,764 (-100%) from 2021

Liabilities

Down

$0

Down $5,188,702 (-100%) from 2021

Net Assets

Down

$0

Down $8,321,062 (-100%) from 2021

Revenue

Down

$469,445

Down $2,370,252 (-83%) from 2021

Expenses

Down

$1,323,479

Down $2,024,131 (-60%) from 2021

Net Income

Down

-$854,034

Down $346,121 (-68%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2021: $13,509,764Liabilities 2021: $5,188,702Net Assets 2021: $8,321,0622021Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2021: $2,839,697Expenses 2021: $3,347,610Net Income 2021: -$507,9132021Revenue 2024: $469,445Expenses 2024: $1,323,479Net Income 2024: -$854,0342024

Highlighted filing

2024

Revenue$469,445
Expenses$1,323,479
Net Income-$854,034

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 20, 2025
Return Version
2024v5.1
Gross Receipts
$469,445
Mission and Program Overview

Mission

Compass rose academy, inc. Is a christian organization committed to enriching the lives of children and families through emotional healing, personal development, and spiritual growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,945,254$0▼ $12,945,254
Pledges and Grants Receivable$162,564$0▼ $162,564
Accounts Receivable$150,861$0▼ $150,861
Savings and Temporary Cash Investments$65,988$0▼ $65,988
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$13,324,667$0▼ $13,324,667
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$5,000,000$0▼ $5,000,000
Accounts Payable and Accrued Expenses$91,427$0▼ $91,427
Total Liabilities$5,091,427$0▼ $5,091,427
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,233,240$0▼ $8,233,240
Total Net Assets Fund Balance$8,233,240$0▼ $8,233,240
Total Liabilities and Net Assets / Fund Balance$13,324,667$0▼ $13,324,667
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pat MorrowPresident
Michael BuguslofskiVice President
David LepereDirector
Lisa GilmanDirector
Matthew PurkeyDirector
Shantel BeckDirector
Sherry SchoeningDirector
Tom CochranDirector
Lisa FordSecretary
Kristen IsleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$469,445
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-854,034

Audited Revenue Reconciliation

Revenue per Audited Statements
$469,445
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$469,445
Total Revenue per Form 990
$469,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$700,185
Other Expenses$623,294
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$522,482$112,697-$635,179
Insurance$130,812$23,863-$154,675
Depreciation Depletion$132,353$7,318-$139,671
Office Expenses$44,038$11,706-$55,744
Interest$29,653$19,645-$49,298
Other Employee Benefits$42,984$3,371-$46,355
Fees for Services Other$24,862$9,368$0$34,230
Occupancy$25,239$6,709-$31,948
Travel$14,836$16,980-$31,816
Pension Plan Contributions-$9,717-$9,717
Payroll Taxes$7,058$1,876-$8,934
Other Expenses$7,448$9,135-$7,448
Advertising$923$624-$1,547
Total Functional Expenses$1,090,470$233,009$0$1,323,479

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,323,479
Total Expenses per Audited Statements$1,323,479
Total Expenses per Form 990$1,323,479
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

Any decision by the board of directors of dissolution or altering the articles of incorporation or bylaws of compass rose academy, inc. Requires the approval of white's residential and family services, inc.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Management and an independent cpa firm perform a detailed review of the form 990 and then provide the form and related schedules to the full board prior to submission to the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

A questionnaire is sent out annually to all officers and directors or trustees to disclose personal and business relationships. The questionnaires are reviewed annually. If a conflict exists restrictions will be imposed on persons with a conflict such as prohibiting them from participating in the governing body's deliberations decisions in the transactions.

Form 990, Part VI, Line 19 Required documents available to the public

The organization's governing documents, conflicts of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Compass Rose Academy Inc
EIN
84-3803269
Phone
2605631158
Address
5233 SOUTH 50 EAST, WABASH, IN 46992-8011

Signing Officer

Name
Matthew Purkey
Title
President/CEO
Phone
2605631158
Signed
2025-08-20
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
9

Preparer

Firm
Forvis Mazars LLP
Address
111 E Wayne Street Suite 600, Fort Wayne, IN 46802
Preparer
Ashley Whitman
Phone
2604604000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3 Significant changes in program services

In january 2024, the board of directors approved the closure of compass rose academy and its programmatic activities. Operations ceased in april 2024 and the legal entity was dissolved in december 2024. All physical assets have been repurposed and utilized in a related organization's other programs. No impairment or other gains or losses were recognized due to the closure of compass rose academy.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Assets - -13163544; debt - 5784338;

Financial Statement Notes

Schedule D, Part XIII ASC 740

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990/PensionPlanContributionsGrp/TotalAmt09717
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0162564
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Matthew Purkey
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0623990
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENTIAL SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0469445
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0469445
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02064750
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02897231
IRS990/PYRevenuesLessExpensesAmt0-1679584
IRS990/PYSalariesCompEmpBnftPaidAmt02512065
IRS990/PYTotalExpensesAmt04576815
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02897231
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-854034
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0469445
IRS990/SavingsAndTempCashInvstGrp/BOYAmt065988
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01323479
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0469445
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part XIII ASC 740
IRS990ScheduleD/TotalExpensesPerForm990Amt01323479
IRS990ScheduleD/TotalRevenuePerForm990Amt0469445
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0469445
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01323479
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NONDISCRIMINATION POLICY IS PUBLICLY DISPLAYED ON THE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES AID TO SUPPORT THE SCHOOL LUNCH PROGRAM.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0182988
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt030079
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MATTHEW PURKEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0213067
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION REPORTED ON FORM 990 PART VII AND SCHEDULE J IS ESTABLISHED AND PAID BY WHITE'S RESIDENTIAL & FAMILY SERVICES, INC., A RELATED ORGANIZATION. WHITE'S RESIDENTIAL & FAMILY SERVICES, INC. USES THE FORM 990 OF OTHER ORGANIZATIONS AND COMPENSATION SURVEYS OR STUDIES TO ESTABLISH COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part III COMPENSATION DISCLOSURE
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1Accounts Receivable
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2Fixed Assets
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02024-04-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12024-04-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22024-04-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0350883520
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1350883520
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2350883520
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt023773
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt1337281
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt212802490
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c) (3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(c) (3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501(c) (3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0WHITE'S RESIDENTIAL FAMILY SERVICES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm1WHITE'S RESIDENTIAL FAMILY SERVICES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm2WHITE'S RESIDENTIAL FAMILY SERVICES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt05233 S 50 E
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt15233 S 50 E
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt25233 S 50 E
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0WABASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1WABASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2WABASH

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