2018-11-15T14:05:07-06:00 2018-06-30 251701013 MCCLINTOCK & ASSOCIATES 1370 WASHINGTON PIKE BRIDGEVILLE PA 15017 990 2017-07-01 590972013 COMPASS ROSE FOUNDATION INC COMP 9043285612 8813 WESTERN WAY JACKSONVILLE FL 32256 GREGORY JONES PRESIDENT & TRUSTEE 7275350298 2018-11-08 1 MICHAEL C RAGER CPA P01453849 4122575980 2018-11-08 71.162.4.83 2018-11-08 07:31:32 ES P 31E56B63E6BF7F4BD141BB190023CA8B3CF90DCA DDEAF55CA8FC677C8F0AF2AF7E70B197902791F6 2017 2018-06-14 16:35:46Z GREGORY JONES 8813 WESTERN WAY JACKSONVILLE FL 32256 24346614 0 X HTTP://WWW.COMPASSROSEFOUNDATION.ORG/ X 1964 FL TO GOVERN, MANAGE, AND OVERSEE EDUCATIONAL INSTITUTIONS. 9 5 157 0 0 0 3150 0 3078589 11713877 1072413 1762557 1202918 1181960 5357070 14658394 0 0 0 0 2524802 6807073 0 0 0 2164157 5919750 4688959 12726823 668111 1931571 46162322 47832943 7906424 7485910 38255898 40347033 X TO GOVERN, MANAGE AND OVERSEE EDUCATIONAL INSTITUTIONS. 0 0 9827842 12895837 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. SUNSTATE IS A VOCATIONAL INSTITUTION OF HIGHER LEARNING FOCUSED ON CAREERS IN HEALTH, WELLNESS AND BEAUTY PROFESSIONS, OFFERING PROGRAMS IN COSMETOLOGY, SPA THERAPIES, NAIL TECHNICIAN, MASSAGE THERAPY AND BARBER STYLING. 9827842 1 0 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 0 0 0 0 0 0 0 0 0 1 10 0 1 157 1 0 0 0 0 0 0 0 0 0 0 X 9 5 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 CEO & TRUSTEE 40.00 X X 270650 0 0 GREGORY JONES PRESIDENT & TRUSTEE 40.00 X X 243360 0 0 SHARON B JONES TREASURER & TRUSTEE 40.00 X X 85000 0 0 DOUG DEVAUX TRUSTEE 10.00 X 18000 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 JP SMITH VP OF ADMISSIONS 40.00 X 118000 0 0 AIMEE HAMMOND VP OF ADMINISTRATION 40.00 X 110000 0 0 845010 0 0 4 0 1 0 0 SCHOOL INCOME 611519 11713157 11713157 720 720 11713877 978319 978319 1301470 359204 942266 942266 942266 9170432 40000 8394706 31488 775726 8512 784238 784238 1142516 902822 239694 239694 14658394 12895837 0 1762557 561181 420886 140295 5366222 4148640 1217582 47701 38817 8884 352599 316838 35761 479370 432240 47130 114196 114196 563272 241537 321735 1259307 1254138 5169 694626 432957 261669 987521 914723 72798 107129 27810 79319 18169 7967 10202 4069 4069 561537 561537 150075 150075 BAD DEBT 560235 560235 0 MATERIALS AND SUPPLIES 200158 157263 42895 DUES & SUBSCRIPTIONS 169016 143527 25489 REPAIRS AND MAINTENANCE 135453 0 135453 394987 168727 226260 12726823 9827842 2898981 0 X 2645941 3483045 1455345 1181777 123647 117758 49015 15430 24764445 8785337 16230901 15979108 23943727 25742410 1296535 1713746 16880 46162322 47832943 733211 656539 1888624 1806366 5211460 4971069 73129 51936 7906424 7485910 X 38255898 40347033 38255898 40347033 46162322 47832943 1931571 159564 0 X 0 1 X 0 1 1 X 6043348 6043348 11926838 3864826 8062012 2991065 2868225 122840 1982653 1094037 888616 1820541 958249 862292 15979108 DEFERRED RENT CREDIT 51936 51936 16079985 159565 1262026 1421591 14658394 0 14658394 13988849 1262026 1262026 12726823 0 12726823 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOS SOLD EXPENSES NETTED WITH REVENUE 902,822. RENTAL EXPENSES NETTED WITH RENTAL REVENUE 359,204. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOS SOLD EXPENSES NETTED WITH REVENUE 902,822. RENTAL EXPENSES NETTED WITH RENTAL REVENUE 359,204. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICIES ARE STATED IN ALL NEWSPAPER ADS, BROADCAST MEDIA AND STUDENT BROCHURES. X X X X X X 0 0 0 0 0 0 0 0 0 DONALD C JONES CEO & TRUSTEE 270650 0 0 0 0 0 0 0 0 0 270650 0 0 0 GREGORY JONES PRESIDENT & TRUSTEE 243360 0 0 0 0 0 0 0 0 0 243360 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DONALD & SHARON JONES - HUSBAND/WIFE - CEO/TREASURER DONALD JONES & GREGORY JONES - FATHER/SON - CEO/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 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. FORM 990, PART VI, LINE 15B - COMPENSATION PROCESS FOR OFFICERS 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 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.