COMPASS ROSE EDUCATION INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
COMPASS ROSE EDUCATION INC (EIN 47-5328736)
Tax period
2021-09-01 to 2022-08-31
Filed
2023-05-05
IRS object ID
202321259349300702
Schema version
2021v4.0
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)
Return2023-05-05T07:57:31-04:00ReturnTs
Tax Period End2022-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN742332623PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ARMSTRONG VAUGHAN & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1941 WEST BYRD BLVD STE 101AddressLine1Txt
CityUNIVERSAL CITYCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78148ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN475328736EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COMPASS ROSE EDUCATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCOMPBusinessNameControlTxt
Phone2105409265PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13300 SIDNEY BROOKSAddressLine1Txt
CitySAN ANTONIOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78235ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLARRY RAY REEDPersonNm
Person TitleCFOPersonTitleTxt
Phone2105409265PhoneNum
Signature2023-05-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLARRY RAYPersonFirstNm
Person LastREEDPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPHIL VAUGHANPreparerPersonNm
PTINP01261382PTIN
Phone2106586229PhoneNum
Preparation2023-05-05PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1COMPASS ROSE PUBLIC SCHOOLSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerPAUL MORRISSEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line18005 OUTER CIRCLE DRIVEAddressLine1Txt
CitySAN ANTONIOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78235ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$32,235,656GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.COMPASSROSEPUBLICSCHOOLS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2015FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionTO ENSURE EVERY STUDENT EXPERIENCES SUCCESS IN SCHOOL, AT EVERY GRADE LEVEL AND IN EVERY SUBJECT, SO THEY CAN BE ACADEMICALLY PREPARED FOR COLLEGE.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee285TotalEmployeeCnt
Total Volunteers9TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$19,398,331PYContributionsGrantsAmt
CY Contributions Grants$32,171,569CYContributionsGrantsAmt
PY Program Service Revenue$26,768PYProgramServiceRevenueAmt
CY Program Service Revenue$44,420CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$6,368PYOtherRevenueAmt
CY Other Revenue$19,667CYOtherRevenueAmt
PY Total Revenue$19,431,467PYTotalRevenueAmt
CY Total Revenue$32,235,656CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$9,105,665PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$14,977,179CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$8,552,728PYOtherExpensesAmt
CY Other Expenses$16,901,272CYOtherExpensesAmt
PY Total Expenses$17,658,393PYTotalExpensesAmt
CY Total Expenses$31,878,451CYTotalExpensesAmt
PY Revenues Less Expenses$1,773,074PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$357,205CYRevenuesLessExpensesAmt
Total Assets BOY$15,459,454TotalAssetsBOYAmt
Total Assets EOY$47,959,802TotalAssetsEOYAmt
Total Liabilities BOY$13,371,475TotalLiabilitiesBOYAmt
Total Liabilities EOY$45,725,560TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,087,979NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,234,242NetAssetsOrFundBalancesEOYAmt
MissionTO ENSURE EVERY STUDENT EXPERIENCES SUCCESS IN SCHOOL, AT EVERY GRADE LEVEL AND IN EVERY SUBJECT, SO THEY CAN BE ACADEMICALLY PREPARED FOR COLLEGE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$29,948,849ExpenseAmt
Revenue$44,420RevenueAmt
DescEQUIP AND STAFF AN OPEN ENROLLMENT, TUITION FREE CHARTER SCHOOL FOR GRADES KINDERGARTEN THROUGH TWELFTH.Desc
Total Program Service Expenses$29,948,849TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document36IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee285EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLARRY RAY REEDPersonNm
Phone2105409265PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13300 SIDNEY BROOKSAddressLine1Txt
CitySAN ANTONIOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78235ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
PAUL MORRISSEY
CEO/SUPERINT40.00Yes (X)$239,291$0$18,425
LARRY RAY REED
CFO40.00Yes (X)$166,025$0$4,304
RYANE BURKE
EXECUTIVE DI40.00$136,628$0$1,981Yes (X)
CHAWANNA CHAMBERS
CHIEF ACADEM40.00$123,208$0$1,787Yes (X)
PAMELA AWBREY
CHIEF TALENT40.00$116,257$0$7,748Yes (X)
DON BARFIELD
MEMBER2.00$0$0$0Yes (X)
KAYLEIGH COLOMBERO
MEMBER2.00$0$0$0Yes (X)
CLAUDIA HERNANDEZ
CHAIR2.00Yes (X)$0$0$0Yes (X)
ARTURO HERRERA
SECRETARY2.00Yes (X)$0$0$0Yes (X)
KURTIS INDORF
VICE CHAIR2.00Yes (X)$0$0$0Yes (X)
SAAMRA MEKURIA-GRILLO
MEMBER2.00$0$0$0Yes (X)
TINO MORENZ
MEMBER2.00$0$0$0Yes (X)
CHRISTIAN REED-OGBA
MEMBER2.00$0$0$0Yes (X)
MITCHELL WALKER
TREASURER2.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$781,409TotalReportableCompFromOrgAmt
Total Other Compensation$34,245TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STAR SHUTTLE & TRANSPORTATIONBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 17967AddressLine1Txt
CitySAN ANTONIOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78217ZIPCd
FieldValueIRS element (for citing)
ServicesTRANSPORTATIONServicesDesc
Compensation$902,610CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$27,858,184GovernmentGrantsAmt
All Other Contributions$4,313,385AllOtherContributionsAmt
Total Contributions$32,171,569TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
AFTERSCHOOL REVENUE722514$24,820$24,820
SCHOOL SUPPORT SERVICES611710$19,600$19,600
FieldValueIRS element (for citing)
Total Program Service Revenue$44,420TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Business453000BusinessCd
Total Revenue Column$19,667TotalRevenueColumnAmt
Related Or Exempt Func Income$19,667RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$19,667OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$32,235,656TotalRevenueColumnAmt
Related Or Exempt Func Income$64,087RelatedOrExemptFuncIncomeAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$467,386TotalAmt
Management And General$467,386ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$12,587,446TotalAmt
Program Services$12,040,066ProgramServicesAmt
Management And General$547,380ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$856,846TotalAmt
Program Services$761,293ProgramServicesAmt
Management And General$95,553ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$877,574TotalAmt
Program Services$829,049ProgramServicesAmt
Management And General$48,525ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$187,927TotalAmt
Program Services$173,088ProgramServicesAmt
Management And General$14,839ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$80,991TotalAmt
Management And General$80,991ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$20,754TotalAmt
Management And General$20,754ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,210,948TotalAmt
Program Services$1,749,612ProgramServicesAmt
Management And General$461,336ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$64,319TotalAmt
Program Services$64,319ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$7,105,911TotalAmt
Program Services$7,105,911ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$61,774TotalAmt
Program Services$2,419ProgramServicesAmt
Management And General$59,355ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$757,140TotalAmt
Program Services$757,140ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$396,355TotalAmt
Program Services$396,355ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$79,805TotalAmt
Program Services$79,805ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
SUPPLIES$2,348,984$2,247,272$101,712
STUDENT TRANSPORTATION$1,437,142$1,437,142
FOOD SERVICES SUPPLIES$1,144,189$1,144,189
UTILITIES$638,323$638,323

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$554,637TotalAmt
Program Services$522,866ProgramServicesAmt
Management And General$31,771ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$31,878,451TotalAmt
Program Services$29,948,849ProgramServicesAmt
Management And General$1,929,602ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,256,684BOYAmt
EOY$9,054,991EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$20,997,267EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,152,311BOYAmt
EOY$2,535,494EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$23,042BOYAmt
EOY$14,214EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$369,946BOYAmt
EOY$665,460EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$15,633,162LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$940,786LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$8,657,471BOYAmt
EOY$14,692,376EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$15,459,454BOYAmt
EOY$47,959,802EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,349,806BOYAmt
EOY$5,833,244EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$215,000BOYAmt
EOY$382,831EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$8,742,024BOYAmt
EOY$34,084,469EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,064,645BOYAmt
EOY$5,425,016EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$13,371,475BOYAmt
EOY$45,725,560EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
EOY$74,078EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,087,979BOYAmt
EOY$2,160,164EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,087,979BOYAmt
EOY$2,234,242EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,459,454BOYAmt
EOY$47,959,802EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$357,205ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$210,942OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,730,908CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,662,145CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,258,390CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$19,398,331CurrentTaxYearMinus1YearAmt
Current Tax Year$32,171,569CurrentTaxYearAmt
Total$64,221,343TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,730,908CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,662,145CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,258,390CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$19,398,331CurrentTaxYearMinus1YearAmt
Current Tax Year$32,171,569CurrentTaxYearAmt
Total$64,221,343TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$64,221,343PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$13CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$19CurrentTaxYearMinus3YearsAmt
Total$32TotalAmt
FieldValueIRS element (for citing)
Total Support$64,221,375TotalSupportAmt
Gross Receipts Rltd Activities$128,501GrossReceiptsRltdActivitiesAmt
Public Support CY1701.00000PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$15,393,261OtherCostOrOtherBasisAmt
Depreciation$871,876DepreciationAmt
Book Value$14,521,385BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$239,901OtherCostOrOtherBasisAmt
Depreciation$68,910DepreciationAmt
Book Value$170,991BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$14,692,376TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DEFERRED RENT$6,346,237
UNAMORTIZED DEBT ISSUE COSTS-$921,221
FieldValueIRS element (for citing)
Total Liability$5,425,016TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$32,235,656TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$32,235,656RevenueSubtotalAmt
Total Revenue Per Form990$32,235,656TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$31,878,451TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$31,878,451ExpensesSubtotalAmt
Total Expenses Per Form990$31,878,451TotalExpensesPerForm990Amt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediafalsePlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, LINE 3COMPASS ROSE IS COMMITTED TO A POLICY OF EQUAL TREATMENT FOR ALL INDIVIDUALS AND DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, GENDER, HANDICAP, AGE, RELIGION, SEXUAL ORIENTATION, OR NATIONAL OR ETHNIC ORIGIN.
SCHEDULE E, LINE 6COMPASS ROSE RECEIVES GRANTS FROM THE STATE OF TEXAS AND THE U.S. DEPARTMENT OF EDUCATION. THE GRANTS ARE PRIMARILY PASSED THROUGH THE TEXAS EDUCATION AGENCY.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtBonus Filing OrganizationBonusFilingOrganizationAmountDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmt
PAUL MORRISSEY
CEO/SUPERINTENDENT$195,541$43,750$18,425$257,716
LARRY RAY REED
CFO$166,025$4,304$170,329

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE J, PAGE 1, PART I, LINE 7THE BOARD OF DIRECTORS DEVELOPED AN EVALUATION FOR THE CEO THAT IS BASED ON SEVERAL PERFORMANCE METRICS SUCH AS ACADEMIC TEST SCORES, PARENT/STAFF/TEACHER SURVEYS, STAFF RETENTION, FUNDRAISING AND ENROLLMENT/ATTENDANCE. AN INCENTIVE PAYMENT IS THEN MADE, SUBJECT TO BOARD DISCRETION, BASED ON THE EVALUATION SCORING.
SCHEDULE J, PART IIITHE BOARD OF DIRECTORS CONSIDERS VARIOUS SOURCES (INCLUDING SUPERINTENDENT SALARIES OF SIMILARLY SIZED CHARTER SCHOOL NETWORKS IN TEXAS) IN SETTING THE COMPENSATION LEVEL OF THE CEO/SUPERINTENDENT AND ESTABLISHES COMPENSATION BASED ON A CONTRACT.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BFOUNDER AND EXECUTIVE DIRECTOR REVIEWS THE 990 AND SHARES WITH THE BOARD.
FORM 990, PAGE 6, PART VI, LINE 12CANNUAL TRAINING IS PROVIDED TO BOARD MEMBERS AND DISCLOSURE STATEMENTS ARE TAKEN REGULARLY.
FORM 990, PAGE 6, PART VI, LINE 15ATHE BOARD OF DIRECTORS CONSIDERS COMPENSATION OF THE EXECUTIVE DIRECTOR FROM MULTIPLE SOURCES. COMPENSATION IS SET THROUGH A CONTRACT APPROVED BY THE BOARD.
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE SCHOOL OFFICE.
FORM 990, PART XI, LINE 9LOSS ON DEBT REFINANCING -210,942

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.