Overview
What is Compass Rose Foundation Inc?
Compass Rose Foundation Inc is a nonprofit organization based in Jacksonville, Florida, with a workforce of 198 employees. The primary focus of this organization is to govern, manage, and oversee educational institutions. They are actively involved in the founding and development of these institutions or in supporting the growth of training and educational programs. Compass Rose Foundation Inc has established J-TECH, a vocational institution of higher learning, in the Greater Jacksonville Area. J-TECH offers shorter-term diploma and occupational associate degree programs in high-demand trades, such as automotive, diesel, heavy equipment, and commercial driving technologies. Additionally, the organization operates Sunstate, another vocational institution that concentrates on careers in health, wellness, and beauty professions. Sunstate provides programs in cosmetology, spa therapies, nail technician, massage therapy, and barber styling.
Official website here: www.compassrosefoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Compass Rose Foundation Inc has received an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance with a score of 96%. This rating indicates that the organization adheres to high standards of financial management and transparency, ensuring donors that their contributions are utilized effectively.
The foundation boasts a fully independent board, which is crucial for maintaining ethical governance and decision-making. With a program expense ratio of 79.81%, it demonstrates a commitment to channeling the majority of its resources towards its programs rather than administrative costs, highlighting its dedication to fulfilling its mission.
Despite the positive financial indicators, the summary does not provide insights into the foundation's specific programs or impact outcomes. This limitation means that while the financial health is commendable, potential donors may seek additional information regarding the effectiveness and reach of the foundation's initiatives before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Compass Rose Foundation Inc legitimate?
Compass Rose Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Compass Rose Foundation 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: $391,993
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,649,934
For more financial information, click here
Official website here: www.compassrosefoundation.org/
What is the mission statement of Compass Rose Foundation Inc?
The Compass Rose Foundation Inc is devoted to governing and managing educational institutions. Their role extends to the founding and development of new institutions, as well as supporting the creation of training and educational programs aimed at preparing students for specific or paraprofessional careers. The organization's efforts include overseeing institutions and the development of J-Tech, an education and training center focusing on automotive, diesel, heavy equipment, and commercial driving technologies. J-Tech is a vocational institution offering shorter-term diploma and occupational associate degree programs to train students in high-demand trades. Another initiative, Sunstate, is a vocational institution specializing in careers in health, wellness, and beauty professions. Sunstate provides programs in cosmetology, spa therapies, nail technician, massage therapy, and barber styling.
Official website here: www.compassrosefoundation.org/
Who is the CEO of Compass Rose Foundation Inc?
Gregory Jones is the Vice President & Trustee of Compass Rose Foundation Inc. The CEO's salary of Compass Rose Foundation Inc is $247,566 and their total compensation is $284,393.
Official website here: www.compassrosefoundation.org/
What is the revenue of Compass Rose Foundation Inc?
Compass Rose Foundation Inc's revenue in 2022 was $19,833,051.
Official website here: www.compassrosefoundation.org/
Who are the executives of Compass Rose Foundation Inc and what are their salaries?
The average compensation at Compass Rose Foundation Inc during 2022 was $30,515. There are 198 employees at Compass Rose Foundation Inc.
Here are 13 key members and their salaries (Compass Rose Foundation Inc's CEO's salary is $247,566 and their total compensation is $284,393):
- Compensation: $238,127
- Related: $0
- Other: $486
- Compensation: $247,566
- Related: $0
- Other: $36,827
- Compensation: $97,553
- Related: $0
- Other: $428
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $82,508
- Related: $0
- Other: $8,351
- Compensation: $104,250
- Related: $0
- Other: $9,074
- Compensation: $131,019
- Related: $0
- Other: $9,877
- Compensation: $119,615
- Related: $0
- Other: $9,119
Official website here: www.compassrosefoundation.org/
Where can I find the form 990 for Compass Rose Foundation Inc?
Compass Rose Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.compassrosefoundation.org/
Learn more at the official website: www.compassrosefoundation.org/
Mission Statement of Compass Rose Foundation Inc
Compass Rose Foundation Inc, a nonprofit organization, is dedicated to overseeing and managing educational institutions. With a mission to govern and develop these institutions, Compass Rose Foundation plays a significant role in the educational sector. The organization's efforts extend beyond direct governance, as it also supports the founding and growth of new educational programs.
One of the initiatives undertaken by Compass Rose Foundation is the development of a vocational institution of higher learning, J-Tech. This institute specializes in short-term diploma and occupational associate degree programs, preparing students for careers in high-demand trades such as automotive, diesel, heavy equipment, and commercial driving technologies. J-Tech is an integral part of Compass Rose Foundation's commitment to education and training, focusing on equipping students with necessary skills to excel in their chosen fields.
Another area of focus for Compass Rose Foundation is Sunstate, a vocational institution of higher learning that concentrates on careers in health, wellness, and beauty professions. Sunstate offers a range of programs in cosmetology, spa therapies, nail technician, massage therapy, and barber styling. Through these initiatives, Compass Rose Foundation contributes to the development of a skilled workforce, ensuring that the educational needs of various communities are met.
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Impact
October, 2024
Compass Rose Foundation Inc has significantly impacted the educational landscape by governing, managing, and overseeing the establishment of educational institutions tailored to meet the needs of specific industries. Through its initiatives, the organization plays a pivotal role in founding and developing programs that prepare students for careers in high-demand fields.
One of its key accomplishments is the development of J-TECH, a vocational institution that emphasizes training in automotive, diesel, heavy equipment, and commercial driving technologies, addressing critical workforce demands in the Greater Jacksonville area. J-TECH focuses on shorter-term diploma and associate degree programs that equip students with essential skills for trade professions.
Additionally, the foundation has established Sunstate, a vocational institution specializing in health, wellness, and beauty professions. Programs at Sunstate include cosmetology, spa therapies, nail technician, massage therapy, and barber styling, providing students with diverse career pathways in these growing sectors.
By prioritizing hands-on training and career-focused education, Compass Rose Foundation Inc enhances job readiness and supports economic development in the community, helping students achieve professional success and meet the evolving needs of the workforce.
This information is meant to be a general summary of Compass Rose Foundation 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: $1,667,627
- Program Service Revenue: $13,915,880
- Gross Receipts: $34,958,768
Assets and Liabilities:
- Total Assets: $51,584,568
- Total Liabilities: $1,734,004
- Net Assets: $49,850,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL INCOME
Revenue
$13,915,880
Organization Details
Founding Year
1964
Phone
(904) 328-5612Principal Officer
Gregory Jones
Main Address
8813 WESTERN WAY, JACKSONVILLE, FL, 32256
NTEE Category
Code: B42I - Education
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