2018-03-30T12:22:46-05:00 2017-06-30 251701013 MCCLINTOCK & ASSOCIATES 1370 WASHINGTON PIKE BRIDGEVILLE PA 15017 990 2016-07-01 590972013 COMPASS ROSE FOUNDATION INC COMP 9043285612 8813 WESTERN WAY JACKSONVILLE FL 32256 GREGORY JONES PRESIDENT & TRUSTEE 7275350298 2018-03-29 1 MICHAEL C RAGER CPA P01453849 4122575980 2018-03-29 71.162.4.83 2018-03-29 13:48:50 ED P A8A79BE80650CD7BAA9A88CC9CBDBBCAE3C6F51F 2368201E4761B6101658A74A8014155F49953069 2016 2021-01-29 14:40:06Z GREGORY JONES 8813 WESTERN WAY JACKSONVILLE FL 32256 14167868 0 X HTTP://WWW.COMPASSROSEFOUNDATION.ORG/ X 1964 FL TO GOVERN, MANAGE, AND OVERSEE EDUCATIONAL INSTITUTIONS. 10 7 197 0 0 0 16953 3150 0 3078589 205794 1072413 531797 1202918 754544 5357070 0 0 0 0 971210 2524802 0 0 0 350431 2164157 1321641 4688959 -567097 668111 42233576 46162322 5567946 7906424 36665630 38255898 X TO GOVERN, MANAGE AND OVERSEE EDUCATIONAL INSTITUTIONS. 0 0 3265264 4281507 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. THE ORGANIZATION MERGED ITS SUBSIDIARY SUNSTATE ACADEMY INTO ITS OPERATIONS IN 2017. 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. 3265264 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 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 1 1 1 0 0 1 11 0 1 197 1 0 0 0 0 0 0 0 0 0 0 X 10 7 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 SECRETARY & TRUSTEE 40.00 X X 280225 0 0 GREGORY JONES PRESIDENT & TRUSTEE 40.00 X X 247610 0 0 SHARON B JONES TREASURER & TRUSTEE 40.00 X X 94634 0 0 DOUG DEVAUX TRUSTEE 10.00 X 9000 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 SIGRID EDWARDS 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 BRADLEY C JONES DECEASED 102016 SECRETARY 40.00 X 60577 0 0 DEBORAH BRODBECK PROGRAM DEVELOPMENT 40.00 X 112846 0 0 804892 0 0 3 0 1 0 0 3150 3150 SCHOOL INCOME 611519 3077911 3077911 678 678 3078589 578057 578057 1257711 330473 927238 927238 927238 8713234 28574 8231767 15685 481467 12889 494356 494356 508553 232873 275680 275680 5357070 4281507 0 1072413 735863 551897 183966 1477552 1175369 302183 9902 5955 3947 133140 107534 25606 168345 134529 33816 102305 102305 202528 86735 115793 276091 275745 346 182983 102209 80774 344089 70790 273299 21426 11082 10344 7391 4047 3344 3905 3905 355868 299503 56365 59425 59425 BAD DEBT 279961 279961 0 JANITORIAL 135219 0 135219 TAXES & LICENSES 73002 63035 9967 AUTO EXPENSE 35741 30944 4797 84223 65929 18294 4688959 3265264 1423695 0 X 1062888 2645941 288729 1455345 123647 16870 49015 24253187 8022286 16031723 16230901 20965250 23943727 3862484 5632 1713746 42233576 46162322 117726 733211 1888624 5371277 5211460 78943 73129 5567946 7906424 X 36665630 38255898 36665630 38255898 42233576 46162322 X 668111 1191568 -269411 X 0 1 X 0 0 X 6043348 6043348 11926838 3528210 8398628 2944078 2821465 122613 2018075 844168 1173907 1320848 828443 492405 16230901 DEFERRED RENT CREDIT 73129 73129 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 SECRETARY & TRUSTEE 280225 0 0 0 0 0 0 0 0 0 280225 0 0 0 GREGORY JONES PRESIDENT & TRUSTEE 247610 0 0 0 0 0 0 0 0 0 247610 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 DONALD JONES & BRADLEY JONES (DECEASED) - FATHER/SON - CEO / SECRETARY SHARON JONES & GREGORY JONES - MOTHER/SON - TREASURER / PRESIDENT SHARON JONES & BRADLEY JONES (DECEASED) - MOTHER/SON - TREASURER / SECRETARY GREGORY JONES & BRADLEY JONES (DECEASED) - BROTHER/BROTHER - PRESIDENT / SECRETARY 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. FORM 990, PART XI, LINE 9: LOSS REPORTED FOR SUNSTATE SHORT-PERIOD TAX RETURN -414,398. IMPAIRMENT ON INVESTMENT -85,000. ADJUSTMENT FROM CONSOLIDATION OF SUNSTATE 229,987. SUNSTATE COLLEGE INC 8813 WESTERN WAY JACKSONVILLE FL 32256 592390702 SCHOOL FL N/A C 659079 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 SUNSTATE COLLEGE INC S 2255404 ACQUISITION METHOD SCHEDULE R, PART V, LINE 1S ON APRIL 1, 2017, SUNSTATE COLLEGE, INC. (SUNSTATE), THE WHOLLY-OWNED SUBSIDIARY OF COMPASS ROSE FOUNDATION, INC. (THE FOUNDATION), MERGED WITH AND INTO THE FOUNDATION AND CEASED TO EXIST. THE MERGER OCCURRED BY TRANSFERRING ALL THE ASSETS AND ASSUMING ALL LIABILITIES OF SUNSTATE BY THE FOUNDATION. ALL COMMON STOCK FOR SUNSTATE WAS AUTOMATICALLY CANCELLED AND RETIRED THROUGH THE MERGER. THE MERGER HAS BEEN ACCOUNTED FOR BY THE ACQUISITION METHOD OF ACCOUNTING UNDER FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 958, NOT-FOR-PROFIT ENTITIES, SUBTOPIC 805, BUSINESS COMBINATIONS, AND ACCORDINGLY, MEASURES THE ASSETS AND LIABILITIES AT THEIR CARRYING AMOUNTS AT THE DATE OF TRANSFER DUE TO THE COMMON CONTROL WHICH PREVIOUSLY EXISTED.