Compass Rose Foundation Inc
- Assets
- $30.4m
- Revenue
- $3.0m
- Investments
- $29.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 82-3472924
Organization Overview
Compass Rose Foundation Inc is located in Wilmington, DE. The organization was established in 2018. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compass Rose Foundation 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 12/2023, Compass Rose Foundation Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $330.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Compass Rose Foundation Inc has awarded 34 individual grants totaling $665,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPASS ROSE IS A FOUNDATION SET UP FOR CHARITABLE PURPOSE OF SUPPORTING WOMEN'S HEALTH, WELL-BEING, AND EDUCATION.
COMPASS ROSE IS A FOUNDATION SET UP FOR CHARITABLE PURPOSE OF SUPPORTING WOMEN'S HEALTH, WELL-BEING, AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Devereux Dir, Pres | 8 | $0 | |
Michaela C Finley Dir, Sec | 8 | $0 | |
Michelle B Gleeson Dir, VP | 1 | $0 | |
Jonathan S March Dir, Treas, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,993,595 |
| Interest on Savings | $178,120 |
| Dividends & Interest | $677,531 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131,841 |
| Capital Gain Net Income | $944,494 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,981,087 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,428 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,279 |
| Printing and publications | $0 |
| Other expenses | $26,379 |
| Total operating and administrative expenses | $125,602 |
| Contributions, gifts, grants paid | $205,000 |
| Total expenses and disbursements | $330,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $780,926 |
| Net Accounts receivable | $3,436 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,363,139 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Compass Rose Foundation Inc has awarded $205,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ADA DEVELOPERS ACADEMY PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
BAIL PROJECT INC PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
BROWN GIRLS DO INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
ELEVATED ACCESS INC PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
GIRLS WHO CODE INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
LOVELAND FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |