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COMPASS CBS FOUNDATION: Form 990EZ, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
COMPASS CBS FOUNDATION (EIN 83-0979558)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-04-11
IRS object ID
202331019349200713
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-04-11T09:45:27-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt
Return Type990EZReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN830979558EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COMPASS CBS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Paul TaliercioInCareOfNm
Business Name ControlCOMPBusinessNameControlTxt
Foreign Phone6027590553ForeignPhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 22767AddressLine1Txt
CityScottsdaleCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85255ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPaul TaliercioPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2023-04-11SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization OtherYes (X)TypeOfOrganizationOtherInd
Type Of Organization OtherFoundationTypeOfOrganizationOtherDesc
Gross Receipts$182,918GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$2,000ContributionsGiftsGrantsEtcAmt
Program Service Revenue$180,918ProgramServiceRevenueAmt
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Total Revenue$182,918TotalRevenueAmt
Grants And Similar Amounts Paid$2,665GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$154,417FeesAndOtherPymtToIndCntrctAmt
Printing Publications Postage$907PrintingPublicationsPostageAmt
Other Expenses Total$30,898OtherExpensesTotalAmt
Total Expenses$188,887TotalExpensesAmt
Excess Or Deficit For Year-$5,969ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$62,680NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$56,711NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$62,680BOYAmt
EOY$56,711EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$62,680BOYAmt
EOY$56,711EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$62,680BOYAmt
EOY$56,711EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeThe Compass CBS Foundation serves the minority entrepreneurial community in Arizona with a focus on Black and Latinx small business owners. It provides support to Spanish-preferred program attendees who make up approximately 75% of attendees. The Foundation provides business readiness programs and training that helps small businesses advance equitable economic recovery increase generational wealth and strengthen the entrepreneurial ecosystem in Arizona. The organization has launched over 1,700 small businesses and served over 20K program attendees in the last 10 years. The Foundation has created rapid response resources for small businesses affected by the COVID-19 pandemic such as the CARES Act Readiness Program Reopen Safely Program and Going Green and Going Smart Program. These programs are currently offered online and promoted through state and local economic development agencies and media.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (4 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
Going Green and Going Smart Program - we have enrolled close to 300 small business who have earned their certificate to become more eco-friendly$1,000$75,000
Certified Small Business Consultant Program - We have certified close to 60 business consultants who work with minority-owned small business owners$0$0
Programa A2C - Access to Capital Financial Accelerator - We have graduated 12 small businesses owners in our first cohort.$0$2,500
Business Roadmap Program - We have trained over 100 small business owners entrepreneurs with free business readiness education at the library$0$22,500
FieldValueIRS element (for citing)
Total Program Service Expenses$100,000TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Edgar Olivo
President10$0$0$0
Paul Taliercio
Treasurer5$0$0$0
Tanya Ospitale
Secretary5$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldAZStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPaul TaliercioPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 27767AddressLine1Txt
CityScottsdaleCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85255ZIPCd
FieldValueIRS element (for citing)
Phone6027590553PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$100CurrentTaxYearMinus1YearAmt
Current Tax Year$2,000CurrentTaxYearAmt
Total$2,100TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$100CurrentTaxYearMinus1YearAmt
Current Tax Year$2,000CurrentTaxYearAmt
Total$2,100TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$715SubstantialContributorsTotAmt
Public Support Total170$1,385PublicSupportTotal170Amt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,130CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$12,130TotalAmt
FieldValueIRS element (for citing)
Total Support$14,230TotalSupportAmt
Gross Receipts Rltd Activities$0GrossReceiptsRltdActivitiesAmt
First5 Years170Yes (X)First5Years170Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, line 10| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| Donation - Financial Assistance, grantee, "EO FB Fundraiser", $60.00, No Relationship| Donation - Financial Assistance, grantee, "Go Fund Me - Fundraiser", $105.00, No Relationship| Gift Card Giveaway - Financial Assistance, grantee, "Going Green Gift Cards", $1000.00, No Relationship| Sponsorship, Arizona Humanities, "1242 N Central Ave Phoenix AZ", $1000.00, None| Fundraiser, grantee, "National Association of Hispanic Nurses - Fundraiser", $500.00, No Relationship|
Part I, line 16| Other Expenses:, Amount:| Accounting Fees, $153.00| Advertising and Marketing, $8728.00| Bank Charges and Fees, $227.00| Dues and Memberships, $369.00| Event Management, $1428.00| Insurance - General Liability, $1475.00| Learning Management System, $6591.00| Legal fees, $10.00| Meals and Entertainment, $1265.00| Merchant Account Fees, $706.00| Travel Expense, $6400.00| Website and Plugins, $3546.00|

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