American Compass Inc
- Assets
- $1.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Washington, DC
- Founding
- 01/2020
- Data as of
- 12/2023
- EIN
- 84-4031579
Organization Overview
American Compass Inc is located in Washington, DC. The organization was established in 2020. According to its NTEE Classification (R05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2023, American Compass Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Compass 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, American Compass Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE AN ECONOMIC CONSENSUS THAT EMPHASIZES THE IMPORTANCE OF FAMILY, COMMUNITY, AND INDUSTRY TO THE NATION'S LIBERTY AND PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AMERICAN COMPASS PROGRAM AIMS TO ADVANCE NEW THINKING ABOUT ECONOMICS, EVENTS, AND NETWORK-BUILDING. IN 2023, WE PUBLISHED THREE COLLECTIONS, HOSTED EIGHT PUBLIC EVENTS, AND A NUMBER OF ADDITIONAL PRIVATE ONES, AND GREW OUR MEMBERSHIP GROUP TO APPROXIMATELY 186 MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oren Cass Executive Director, Treasurer | OfficerTrustee | 40 | $263,416 |
David Azerrad Secretary | OfficerTrustee | 1 | $0 |
Jonathan Baron Director | Trustee | 1 | $0 |
Julius Krein Director | Trustee | 1 | $0 |
Robert Lighthizer Director | Trustee | 1 | $0 |
Michael Needham Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,464,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,464,960 |
| Total Program Service Revenue | $0 |
| Investment income | $5,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,475,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,030 |
| Grants and other assistance to domestic individuals. | $35,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $313,754 |
| Compensation of current officers, directors, key employees. | $45,187 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $564,072 |
| Pension plan accruals and contributions | $55,428 |
| Other employee benefits | $18,038 |
| Payroll taxes | $56,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,811 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $26,631 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,637 |
| Advertising and promotion | $21,094 |
| Office expenses | $34,070 |
| Information technology | $66,150 |
| Royalties | $0 |
| Occupancy | $60,048 |
| Travel | $45,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $237,667 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,576 |
| Insurance | $4,025 |
| All other expenses | $1,582 |
| Total functional expenses | $1,784,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $485,159 |
| Savings and temporary cash investments | $9,292 |
| Pledges and grants receivable | $689,990 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $82,416 |
| Investments—publicly traded securities | $194,354 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,163 |
| Total assets | $1,525,374 |
| Accounts payable and accrued expenses | $78,217 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $58,992 |
| Total liabilities | $137,209 |
| Net assets without donor restrictions | $763,165 |
| Net assets with donor restrictions | $625,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,525,374 |
Grants Awarded
Over the last fiscal year, American Compass Inc has awarded $80,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE MARATHON INITIATIVE PURPOSE: GENERAL SUPPORT | $30,000 |
PLAYERS PHILANTHROPY FUND PURPOSE: GENERAL SUPPORT | $50,000 |