Overview
What is Friends Of Compass Inc?
Friends of Compass Inc, operating under the name Compass Pro Bono, is a nonprofit organization based in Washington D.C., with additional locations in Philadelphia, Chicago, and Minneapolis-St. Paul. Their mission is to foster lasting connections between local nonprofits and business professionals, aiming to empower thriving, equitable, and resilient communities. They achieve this by recruiting and training volunteers from business communities, who then offer pro bono business strategy consulting services to local nonprofits. During the 2021-2022 period, they connected 841 volunteers to 149 consulting projects, helping nonprofits address various strategic challenges. Since its inception in 2001, Compass Pro Bono has estimatedly provided around $120 million in pro bono consulting services.
Official website here: www.compassprobono.org
Is Friends Of Compass Inc legitimate?
Friends Of Compass Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Compass Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $475,883
Professional Fundraising Fees: $24,443
Other Salaries and Wages: $1,027,093
For more financial information, click here
Official website here: www.compassprobono.org
What is the mission statement of Friends Of Compass Inc?
Friends of Compass Inc's mission is centered around fostering lasting partnerships between local nonprofit organizations and business professionals. Through their Pro Bono program, they aim to empower thriving, equitable, and resilient communities. Since its inception in 2001, Compass has provided an estimated $120 million in pro bono consulting services. They recruit volunteers from local business communities and match them with nonprofits, offering a wide range of highly customized business strategy consulting services. During the 2021-2022 period, Compass connected 841 volunteers to 149 consulting projects, helping nonprofits address strategic challenges and opportunities, from foundation-building to marketing strategy to growth and high impact.
Official website here: www.compassprobono.org
Who is the CEO of Friends Of Compass Inc?
Bethany R Henderson is the Chair of Friends Of Compass Inc. The CEO's salary of Friends Of Compass Inc is $0 and their total compensation is $0.
Official website here: www.compassprobono.org
What is the revenue of Friends Of Compass Inc?
Friends Of Compass Inc's revenue in 2022 was $2,092,953.
Official website here: www.compassprobono.org
Who are the executives of Friends Of Compass Inc and what are their salaries?
The average compensation at Friends Of Compass Inc during 2022 was $65,347. There are 23 employees and 841 volunteers at Friends Of Compass Inc.
Here are 20 key members and their salaries (Friends Of Compass Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $220,455
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- Compensation: $123,910
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- Other: $13,085
Official website here: www.compassprobono.org
Where can I find the form 990 for Friends Of Compass Inc?
Friends Of Compass Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.compassprobono.org
Learn more at the official website: www.compassprobono.org
Mission Statement of Friends Of Compass Inc
Friends of Compass Inc, a nonprofit organization, is dedicated to establishing enduring relationships between local businesses and nonprofits. Through their Pro Bono Forge program, they aim to empower thriving, equitable, and resilient communities. Since its inception in 2001, Friends of Compass Inc has provided an estimated $120 million in pro bono consulting services.
The organization recruits and trains volunteers from local business communities and matches them with nonprofits. This partnership allows nonprofits to benefit from highly customized pro bono business strategy consulting services, addressing strategic challenges and opportunities ranging from foundation-building to marketing strategy to growth and high impact. During the 2021-2022 period, Friends of Compass Inc connected 841 volunteers to 149 consulting projects, helping nonprofits overcome their key strategic challenges.
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Impact
October, 2024
Friends Of Compass Inc has a significant impact on local communities by connecting volunteers from business sectors with organizations that need strategic support. With locations in Washington D.C., Philadelphia, Chicago, and Minneapolis-St. Paul, this initiative has mobilized 841 volunteers to engage in 149 consulting projects over a single year. These projects span a range of critical areas, including foundation-building, marketing strategy, and overall growth.
By providing customized, pro bono business strategy consulting, Friends Of Compass Inc enables organizations to tackle key challenges and seize opportunities, ultimately fostering thriving, equitable, and resilient communities. Since its inception in 2001, the initiative has delivered an estimated $120 million worth of consulting services, demonstrating a long-standing commitment to community improvement and empowerment. The collaboration not only benefits local organizations but also strengthens the ties between the community and local business professionals, creating a cycle of support and growth that enhances the overall well-being of the areas served.
This information is meant to be a general summary of Friends Of Compass Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,016
- Program Service Revenue: $128,381
- Gross Receipts: $2,166,731
Assets and Liabilities:
- Total Assets: $1,799,392
- Total Liabilities: $171,610
- Net Assets: $1,627,782
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$128,381
Organization Details
Founding Year
2008
Phone
(202) 266-9752Principal Officer
Bethany R Henderson
Main Address
2000 PENNSYLVANIA AVE NW 7000, WASHINGTON, DC, 200061921
Website
www.compassprobono.orgNTEE Category
Code: S50 - Community improvement
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