2015-11-16T09:41:41-06:00 2015-06-30 592309183 HUGHES SNELL & CO PA 1470 ROYAL PALM SQUARE BLVD FORT MYERS FL 339191049 990 2014-07-01 590972013 COMPASS ROSE FOUNDATION INC COMP 7275350298 8813 WESTERN WAY JACKSONVILLE FL 32256 BRADLEY C JONES SECRETARY 7275350298 2015-11-16 true PATTI R HARDIN P00371840 2399392233 2015-11-16 2014 2016-03-07 17:11:31Z GREGORY JONES 8813 WESTERN WAY JACKSONVILLE FL 32256 15038148 false X WWW.COMPASSROSEFOUNDATION.ORG X 1964 FL TO GOVERN, MANAGE AND OVERSEE EDUCATIONAL INSTITUTIONS. 9 6 5 0 950 750 1575 463 1152677 833367 266494 512547 1421696 1347127 0 0 1008403 1007038 0 0 388073 403289 1396476 1410327 25220 -63200 43425160 43100861 4722816 5749265 38702344 37351596 X TO GOVERN, MANAGE AND OVERSEE EDUCATIONAL INSTITUTIONS. false false 801880 513010 THE ORGANIZATION PROVIDES DIRECT GOVERNANCE 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. DURING THE 2014-2015 FISCAL YEAR, THE ORGANIZATION CONTINUED OVERSEEING "AMERICAN CENTRAL HIGH SCHOOL", A COMMUNITY DEVELOPMENT INITIATIVE DESIGNED TO PROVIDE REGIONALLY ACCREDITED HIGH-QUALITY, SUPPORTIVE HIGH SCHOOL COMPLETION PROGRAMS AND CAREER-BASED ONLINE EDUCATION TO STUDENTS SEEKING AN ALTERNATIVE LEARNING ENVIRONMENT. ADDITIONALLY, THE ORGANIZATION HAS CONTINUED ITS DEVELOPMENT OF A NEW EDUCATION AND TRAINING CENTER WITH EMPHASES ON AUTOMOTIVE, DIESEL, HEAVY EQUIPMENT AND COMMERCIAL 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. 801880 true false false false false false false false false false true true false false true true false true true false false false false false false false false false false true false false false false false false false false false false false false false true true true false false true 10 0 true 5 true false false false false false false false false false false X 9 6 true false false false false false false true true false false true true true true true true true true false X X BRADLEY JONES 7275350298 7855 126TH AVE N LARGO FL 33773 DONALD C JONES CEO & TRUSTE 40.00 X X 280798 0 0 GREGORY JONES PRESIDENT & 40.00 X X 242166 0 0 SHARON B JONES TREASURER & 40.00 X X 174259 0 0 DOUG DEVAUX CHAIRMAN 10.00 X 18000 0 0 MARK KING TRUSTEE 10.00 X 800 0 0 DEAN JOHNSTON TRUSTEE 10.00 X 800 0 0 SIGRID EDWARDS TRUSTEE 10.00 X 800 0 0 STEVE BELCHER TRUSTEE 10.00 X 800 0 0 JOHN HUSTON TRUSTEE 10.00 X 0 0 0 BRADLEY C JONES SECRETARY 40.00 X 75000 0 0 793423 3 false true false 750 750 AMERICAN CENTRAL HIGHSCHOOL 611600 463 463 463 610390 610390 1180886 668339 512547 512547 512547 13245659 13022682 222977 222977 222977 1347127 513010 833367 776774 582580 194194 156000 117000 39000 24677 18508 6169 49587 37190 12397 6584 5926 658 37770 37770 129107 129107 45553 45553 9246 9246 75533 75533 12387 12387 2039 2039 16612 16612 40649 40649 AUTO EXPENSE 15605 15605 DUES & SUBSCRIPTIONS 7921 7921 MEALS & ENTERTAINMENT 2287 2287 TAX & LICENSE 1463 1463 533 437 96 1410327 801880 608447 0 860865 937034 500000 401927 15588 20675 19501401 3116611 15613321 16384790 22074958 21250511 4350428 4096166 5964 10000 3794 43425160 43100861 55775 97360 4588098 5572962 78943 78943 4722816 5749265 X 38702344 37351596 38702344 37351596 43425160 43100861 X -63200 -411659 -875889 X false true X false false X 485000 6043348 6528348 5644541 1263463 4381078 6286635 1596964 4689671 1041877 256184 785693 16384790 PREFERRED STOCK SFC 8177652 C INVESTMENT IN SUBSIDIARY 4096166 C INVESTMENT ALLOWANCE -8177652 C 4096166 RENTAL DEPOSITS 78943 78943 X SCHEDULE D, PAGE 3, PART X THE FOUNDATION AND ITS SUBSIDIARY HAVE ADOPTED ACCOUNTING STANDARDS CODIFICATION ASC 740-10, INCOME TAXES AS IT RELATES TO UNCERTAIN TAX POSITIONS, AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX PERIODS FOR THE FISCAL YEARS ENDED JUNE 30, 2013 AND 2012 ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE FOUNDATION IS NOT CURRENTLY UNDER AUDIT; HOWEVER THE TAX PERIOD FOR THE FISCAL YEAR ENDED JUNE 30, 2014 WAS EXAMINED AND HAS BEEN CLOSED WITH NO CHANGES. MANAGEMENT IS RESPONSIBLE FOR EVALUATING THE FOUNDATION'S AND ITS SUBSIDIARY'S UNCERTAIN TAX POSITIONS. ACCRUED INTEREST RELATED TO UNRECOGNIZED TAX POSITIONS, IF ANY, ARE RECOGNIZED IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. BASED ON AN EVALUATION OF THE FOUNDATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3 THE NONDISCRIMINATORY POLICIES ARE STATED IN ALL NEWSPAPER ADS, BROADCAST MEDIA AND STUDENT BROCHURES. X X X X X X false false false false false false false false false DONALD C JONES CEO & TRUSTEE 280798 280798 GREGORY JONES PRESIDENT & TRUSTEE 242166 242166 SHARON B JONES TREASURER & TRUSTEE 174259 174259 FORM 990, PAGE 2, PART III, LINE 4A 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. FORM 990, PAGE 6, PART VI, LINE 2 DONALD JONES SHARON JONES CEO TREASURER HUSBAND/WIFE DONALD JONES GREGORY JONES CEO PRES FATHER/SON DONALD JONES BRADLEY JONES CEO SECRETARY FATHER/SON SHARON JONES GREGORY JONES TREASURER PRES MOTHER/SON SHARON JONES BRADLEY JONES TREASURER SECRETARY MOTHER/SON GREGORY JONES BRADLEY JONES PRESIDENT SECRETARY BROTHER/BROTHER FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 15A 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, PAGE 6, PART VI, LINE 15B 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, PAGE 6, PART VI, LINE 19 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 XI, LINE 9 NET LOSS FROM SUBSIDIARY 636,935 UNREALIZED LOSS ON LAND FMV 238,954 THE OTHER CHANGES IN NET ASSETS CONSISTS OF A NET LOSS TOTALING 636,935 ARISING FROM THE ORGANIZATION'S INVESTMENT IN ITS SUBSIDIARY AND AN UNREALIZED LOSS OF 238,954 FROM THE WRITE-DOWN OF THE FAIR MARKET VALUE OF LAND HELD AS AN INVESTMENT. SUNSTATE COLLEGE INC 2040 COLONIAL BLVD FORT MYERS FL 33907 592390702 SCHOOL FL N/A true true true false false false false false false false true false false false false false false false false false SUNSTATE COLLEGE INC B 382675 ACTUAL COST - CONTRIBUTED CAPITAL SUNSTATE COLLEGE INC A 106 ACTUAL COST SUNSTATE COLLEGE INC J 106 ACTUAL COST