2024-01-29T09:37:06-06:00 2023-06-30 251701013 MCCLINTOCK & ASSOCIATES 1370 WASHINGTON PIKE BRIDGEVILLE PA 15017 990 2022-07-01 590972013 COMPASS ROSE FOUNDATION INC COMP 9043285612 8813 WESTERN WAY JACKSONVILLE FL 32256 GREGORY JONES PRESIDENT & TRUSTEE 7275350298 2024-01-23 1 GREGORY JONES 999009999 0 DAVID B MCCLINTOCK CPA P03090014 4122575980 2024-01-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREGORY JONES 8813 WESTERN WAY JACKSONVILLE FL 32256 17047492 0 X HTTP://WWW.COMPASSROSEFOUNDATION.ORG/ X 1964 FL TO GOVERN, MANAGE, AND OVERSEE EDUCATIONAL INSTITUTIONS. 9 9 164 0 0 0 3954174 810337 13915880 9998268 1667627 994768 295370 653415 19833051 12456788 2827127 0 0 0 7419178 5454741 0 0 0 6154213 5889293 16400518 11344034 3432533 1112754 51584568 55274380 1734004 2628930 49850564 52645450 TO GOVERN, MANAGE AND OVERSEE EDUCATIONAL INSTITUTIONS. 0 0 9025633 0 10651683 THE ORGANIZATION PROVIDES DIRECT GOVERANCE OF EDUCATION INSTITUTIONS, THE FOUNDING AND DEVELOPMENT OF THEM, OR IN SUPPORTING THE DEVELOPMENT OF TRAINING AND EDUCATIONAL PROGRAMS DESIGNED TO PREPARE STUDENTS FOR SPECIFIC OR PARAPROFESSIONAL CAREERS. ADDITIONALLY, THE ORGANIZATION HAS CONTINUED ITS DEVELOPMENT OF AN EDUCATION AND TRAINING CENTER WITH EMPHASIS ON AUTOMOTIVE, DIESEL, HEAVY EQUIPMENT AND COMMERICAL DRIVING TECHNOLOGIES FOR THE GREATER JACKSONVILLE AREA. THIS ENDEAVOR, KNOWN AS J-TECH, IS A VOCATIONAL INSTITUTION OF HIGHER LEARNING WHEREBY ITS FOCUS IS SHORTER-TERM DIPLOMA AND OCCUPATION ASSOCIATE DEGREE PROGRAMS TRAINING STUDENTS IN HIGH-DEMAND TRADES. 9025633 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 1 164 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X GREGORY JONES 9043285612 8813 WESTERN WAY JACKSONVILLE FL 32256 DONALD C JONES VICE PRESIDENT & TRUSTEE 40.00 X X 239364 0 0 GREGORY JONES PRESIDENT/ CEO & TRUSTEE 40.00 X X 289868 0 35688 SHARON B JONES TREASURER & TRUSTEE 40.00 X X 98863 0 0 CHAD CALLEN TRUSTEE 10.00 X 0 0 0 JOHN HUSTON CHAIRMAN 10.00 X 0 0 0 MARK KING TRUSTEE 10.00 X 0 0 0 DEAN JOHNSTON TRUSTEE 10.00 X 0 0 0 STEVE BELCHER TRUSTEE 10.00 X 0 0 0 NANCY BRADLEY TRUSTEE 10.00 X 0 0 0 KELLY KING SECRETARY 40.00 X 105659 0 8815 AIMEE HAMMOND VP OF ADMINISTRATION 40.00 X 127500 0 0 JEFFREY HARRIS DIRECTOR OF ADMISSIONS 40.00 X 120000 0 0 TRACY JONES ACCOUNTING AND HR ADMINISTRATION 40.00 X 102000 0 0 JAMIE B MURPHY FORMER DIRECTOR OF OPERATIONS 40.00 X 104000 0 0 1187254 0 44503 7 1 1 0 0 682273 128064 45426 810337 SCHOOL INCOME 611600 9998268 9998268 9998268 786900 786900 726994 73579 653415 653415 653415 4677688 47305 4388132 128993 289556 -81688 207868 207868 12456788 10651683 0 994768 1311555 1311555 3413148 3413148 58108 36378 21730 293255 205483 87772 378675 290726 87949 328819 224778 104041 1582221 1578383 3838 6402 6402 10942 1206 9736 495568 475745 19823 158751 73884 84867 25886 24851 1035 931651 891442 40209 217698 217698 MATERIALS AND SUPPLIES 578410 564397 14013 STUDENT EXPENSES 548342 513296 35046 OTHER EXPENSES 529335 256648 272687 BAD DEBTS 339895 339895 0 135373 135373 11344034 9025633 2318401 0 X 5298885 4989263 241744 146889 48710 39975 115613 167446 26442628 6672283 16782952 19770345 29005629 30146530 91035 13932 51584568 55274380 742478 540633 833146 973922 116747 1072742 41633 41633 1734004 2628930 X 49850564 52645450 49850564 52645450 51584568 55274380 1112754 1682132 0 X 0 1 X 0 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4493348 4493348 13873381 3376657 10496724 3584895 2324823 1260072 4491004 970803 3520201 19770345 OTHER LIABILITIES 41633 41633 14158814 1682132 155267 1837399 12321415 135373 135373 12456788 11363928 155267 155267 11208661 135373 135373 11344034 PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE INCLUDED WITH RENTAL REVENUE 73,579. LOSS ON DISPOSAL OF FIXED ASSETS 81,688. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 81,688. RENTAL EXPENSES NETTED AGAINST RENTAL REVENUE 73,579. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICIES ARE STATED IN ALL NEWSPAPER ADS, BROADCAST MEDIA AND STUDENT BROCHURES. SCHEDULE E, PART I, LINE 6 RECEIVES HEERF GRANTS X X X X X 1 0 0 0 0 0 0 0 0 GREGORY JONES PRESIDENT/ CEO & TRUSTEE 288841 0 0 0 1027 0 0 0 35688 0 325556 0 0 0 DONALD C JONES VICE PRESIDENT & TRUSTEE 237314 0 0 0 2050 0 0 0 0 0 239364 0 0 0 JAMIE B MURPHY FORMER DIRECTOR OF OPERATIONS 63904 0 0 0 40096 0 0 0 0 0 104000 0 0 0 PART I, LINE 3 THE ORGANIZATION'S BOARD HAS ADOPTED A COMPENSATION POLICY (THE "POLICY") FOR COVERED INDIVIDUALS. PURSUANT TO THE POLICY, A COMPENSATION COMMITTEE OF INDEPENDENT DIRECTORS WAS ESTABLISHED TO REVIEW THE COMPENSATION OF ALL EMPLOYEES SPECIFIED AS HAVING A SUBSTANTIAL INFLUENCE OVER THE ORGANIZATION AND WHO RECEIVE REMUNERATION FROM THE ORGANIZATION, INCLUDING, AMONG OTHERS, THE ORGANIZATION'S PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE COMPENSATION COMMITTEE IS ADVISED BY AN INDEPENDENT COMPENSATION CONSULTANT, WHICH OPINES TO THE COMPENSATION COMMITTEE THAT THE LEVEL OF COMPENSATION PAID AND THE PROCESS BY WHICH THE COMPENSATION IS ESTABLISHED MEET APPLICABLE IRS REASONABLENESS AND "SAFE HARBOR" STANDARDS. THE OUTSIDE COMPENSATION CONSULTANT PROVIDES DATA OF COMPENSATION PROVIDED AT SIMILAR ORGANIZATIONS TO ENSURE THAT THE ORGANIZATION DOES NOT COMPENSATE IN EXCESS OF MARKET NORMS. PART I, LINE 4A MURPHY, JAMIE B. - SEVERANCE OF $40,096 ENDED ON JULY 22, 2022. X 1 7800 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DONALD & SHARON JONES - HUSBAND/WIFE - VICE PRESIDENT/TREASURER DONALD JONES & GREGORY JONES - FATHER/SON - VICE PRESIDENT/PRESIDENT SHARON JONES & GREGORY JONES - MOTHER/SON - TREASURER / PRESIDENT FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED FORM 990 IS PRESENTED TO THE BOARD MEMBERS IN ADVANCE OF A REGULAR MEETING OF THE BOARD. THE BOARD MEMBERS ARE AFFORDED THE OPPORTUNITY TO ASK QUESTIONS AND REQUEST CHANGES (IF THERE ARE PERCEIVED FACTUAL INACCURACIES). THE FINAL FORM 990 IS APPROVED AS PRESENTED OR, IF APPLICABLE, AS CHANGED, BY A MAJORITY VOTE OF THE MEMBERS PRESENT AT THE MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAINTAINS A CONFLICT OF INTEREST POLICY TO ENSURE THAT CONFLICTS BETWEEN AND AMONG THE ORGANIZATION, ITS EMPLOYEES AND ITS DIRECTORS ARE PROPERLY DISCLOSED AND, IF IMPROPER, AVOIDED. THE ORGANIZATION ENFORCES THIS POLICY BY REQUIRING THAT IMPROPER CONFLICTS OF INTEREST RELATIONSHIPS ARE AVOIDED OR ELIMINATED AND BY ENSURING THAT DIRECTORS WITH REAL OR PERCEIVED CONFLICTS ABSTAIN FROM DEBATING OR VOTING UPON MATTERS RELATED TO THE CONFLICT. ALL EMPLOYEES AND DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES: THE ORGANIZATION'S BOARD HAS ADOPTED A COMPENSATION POLICY (THE "POLICY") FOR COVERED INDIVIDUALS. PURSUANT TO THE POLICY, A COMPENSATION COMMITTEE OF INDEPENDENT DIRECTORS WAS ESTABLISHED TO REVIEW THE COMPENSATION OF ALL EMPLOYEES SPECIFIED AS HAVING A SUBSTANTIAL INFLUENCE OVER THE ORGANIZTION AND WHO RECEIVED REMUNERATION FROM THE ORGANIZATION, INCLUDING, AMONG OTHERS, THE ORGANIZATIN'S PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE COMPENSATION COMMITTEE IS ADVISED BY AN INDEPENDENT COMPENSATION CONSULTANT, WHICH OPINES TO THE COMPENSATION COMMITTEE THAT THE LEVEL OF COMPENSATION PAID AND THE PROCESS BY WHICH THE COMPENSATION IS ESTABLISHED MEET APPLICABLE IRS REASONABLENESS AND "SAFE HARBOR" STANDARDS. THE OUTSIDE COMPENSATION CONSULTANT PROVIDES DATA OF COMPENSATION PROVIDED AT SIMILAR ORGANIZATIONS TO ENSURE THAT THE ORGANIZATION DOES NOT COMPENSATE IN EXCESS OF MARKET NORMS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA GUIDESTAR.ORG, UPON REQUEST, OR AS OTHERWISE REQUIRED BY FEDERAL AND FLORIDA STATUTE. FORM 990, PART X, LINE 10A, 10B AND 10C SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION UNDER REGULATION 1.263(A)-1(F), THE TAXPAYER HEREBY ELECTS TO APPLY THE DE MINIMIS SAFE HARBOR ELECTION TO ALL QUALIFYING PROPERTY PLACED IN SERVICE DURING THE TAX YEAR.