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Compass Working Capital INC

Public charity
Other · BOSTON, MA · EIN 20-3975100

About

Compass working capital ("compass") is working to END asset poverty for families with low incomes and narrow the racial and gender wealth divides. Our mission is to partner with families with low incomes to build assets as a pathway out of poverty. We focus on reaching families LED by black and/or latinx women. To achieve our mission, we operate client-centered savings and financial coaching programs, deliver training and technical assistance to other practitioners, and shape policy solutions that dismantle barriers to asset building.

Donations are tax-deductible
Category
Other
Employees
81
Volunteers
46

Financial Snapshot

FY ending 2024-08-31
Revenue
$17.6M
Expenses
$9.1M
Assets
$18.5M
Liabilities
$1.6M

Financial history

$17.6M$8.8M$0
161718192021222324
RevenueExpenses
Latest FY2024: $17.6M · Avg: $6.8M

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
Lobbying
$75K
Grants Given
COMPASS WORKING CAPITAL INC
Your actions

Address

89 South ST STE 804
Boston, MA, 02111-214

Governance

Voting board members8
Independent members8
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
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