Compass Facilities Inc
- Assets
- $49.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Waukesha, WI
- Founding
- 12/2013
- Data as of
- 06/2021
- EIN
- 46-1891160
Organization Overview
Compass Facilities Inc is located in Waukesha, WI. The organization was established in 2013. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compass Facilities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Compass Facilities Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $4.4m during the year ending 06/2021. While expenses have increased by 32.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGE IN THE CONSTRUCTION AND ACQUISITION OF FACILITIES FOR PUBLIC CHARTER SCHOOLS, CHRISTIAN SCHOOLS, INCLUDING BUT NOT LIMITED TO VOUCHER, CHOICE, AND TUITION BASED SCHOOLS, AND FOR OTHER EDUCATIONAL, MULTI-USE RELIGIOUS, ATHLETIC, AND FELLOWSHIP PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN PROPERTY - THE 10 FACILITIES ARE SINGLE MEMBER LLCS ENGAGED IN THE OWNING, LEASING, DEVELOPING, AND MANAGING OF EDUCATIONAL RELATED REAL ESTATE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Burow Treasurer | OfficerTrustee | 1 | $0 |
Andrew Neumann Executive Chair/ceo | OfficerTrustee | 1 | $0 |
James Rahn Chair | OfficerTrustee | 1 | $0 |
Glenn Kieckhaefer Executive Vice President | Officer | 1 | $0 |
Jeremy Ehlers Chief Financial Officer | Officer | 1 | $0 |
Daniel Depies Chief Operating Officer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Open Sky Education Inc Management | 6/29/19 | $242,526 |
Growth Werks Llc Construction Services | 6/29/19 | $102,329 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $127,179 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$792 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,722,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $104,808 |
| Fees for services: Legal | $315 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,865 |
| Advertising and promotion | $6,431 |
| Office expenses | $2,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $385,398 |
| Travel | $2,865 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,088,396 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,444,021 |
| Insurance | $59,312 |
| All other expenses | $0 |
| Total functional expenses | $4,399,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,530 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,306,210 |
| Accounts payable and accrued expenses | $194,298 |
| Grants payable | $0 |
| Deferred revenue | $11,967 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $50,117,849 |
| Other liabilities | $985,851 |
| Total liabilities | $51,309,965 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$2,003,755 |