2024-11-11T11:00:07-06:00 2024-06-30 460799858 BARRETT & SCIBELLI LLC 8 WINCHESTER PLACE 301 WINCHESTER MA 01890 990 2023-07-01 844402345 PROJECT KOMPASS INCORPORATED PROJ 9787104225 83 MIDDLESEX STREET NORTH CHELMSFORD MA 01863 RONNIE HOEY PRESIDENT/TREASURER/EXEC DIRECTOR 9787104225 2024-11-11 1 1 FILOMENA SCIBELLI CPA P00844217 7815702273 2024-11-07 2023 2024-10-15 13:58:12Z RONNIE HOEY 83 MIDDLESEX STREET NORTH CHELMSFORD MA 01863 490970 0 X HTTPS://WWW.PROJECTKOMPASS.ORG X 2020 MA TO PROVIDE DESPERATELY NEEDED TRANSITIONAL HOUSING AND RELATED SERVICES FOR HOMELESS TEENS AND YOUNG ADULTS IN THE MERRIMACK VALLEY AREA. 8 8 3 8 0 0 365751 485481 0 0 0 1258 -7019 -10070 358732 476669 0 0 0 0 230810 294800 0 0 24945 151342 160596 382152 455396 -23420 21273 688241 716187 6487 13160 681754 703027 X THE ORGANIZATION'S MISSION IS TO PROVIDE HOUSING AND LIFE SKILLS FOR YOUNG ADULTS EXPERIENCING HOUSING INSECURITY. BY PARTNERING WITH LOCAL AGENCIES, PROJECT KOMPASS IS UNIQUELY CAPABLE OF CREATING A HOLISTIC APPROACH TO HELPING AREA YOUTH TRANSITION FROM HOUSING INSTABILITY TO HOUSING SECURITY TO INDEPENDENT LIVING. 0 0 357609 DURING THE YEAR ENDED JUNE 30, 2024, PROJECT KOMPASS (PK) ACCOMPLISHED THE FOLLOWING:RESIDENTS:PK WELCOMED 98 RESIDENTS, INCREASED ITS STAFFING BY ADDING AN ON-SITE RESIDENT MENTOR POSITION, AND OBTAINED PERMANENT HOUSING TO NEARLY 80% OF ITS RESIDENTS.PK EXTENDED ITS PROGRAMS TO INCLUDE PROJECT FARM AND JUMP START. PROJECT FARM IS A PROGRAM DEVELOPED IN PARTNERSHIP WITH HIDDEN POND FARM AND STABLES TO ADDRESS THE MENTAL HEALTH BENEFITS OF ANIMAL THERAPY. EQUINE THERAPY FOR THOSE INTERESTED. PROJECT FARM SUPPORTED 70 GROUPS OR 655 INDIVIDUALS. PROJECT JUMP START PROVIDES FUNDING TO STUDENTS WHO HAVE HAD SOME CHALLENGES AND ADVERSITIES IN THEIR LIVES AND WHO DESIRE A BRIGHTER FUTURE. PROJECT JUMP START HELPED SECURE GRANTS AND SCHOLARSHIP TO 17 INDIVIDUALS.IN THE PAST YEAR, PK WELCOMED OUR FIRST WHEELCHAIR USER AND TRANSGENDER RESIDENTS WHICH ALLOWED US TO MAKE FURTHER CONNECTIONS IN THE COMMUNITY.COMMUNITY SERVICE/OUTREACH:PK HELPED 44 INDIVIDUALS/FAMILIES WEEKLY WITH FOOD, BABY AND SCHOOL SUPPLIES, PERSONAL HYGIENE PRODUCTS AND CLOTHING PROVIDED TO THE LOCAL COMMUNITY. PK PROVIDED SUPPORT TO LOCAL AGENCIES, INCLUDING THE LOWELL YOUTH LEADERSHIP PROGRAM BY SERVING LUNCH TO 220 CAMPERS, CBA ANNUAL CLEAN-UP AND HOLIDAY CARE PACKAGES DELIVERED TO AREA UNHOUSED INDIVIDUALS.COLLABORATIONS/PARTNERSHIPS:PK COLLABORATED AND HELD VARIOUS WORKSHOPS WITH MERRIMACK VALLEY FOOD BANK, PLANNED PARENTHOOD, JEANNE D'ARC CREDIT UNION AND THE WISH PROJECT. 357609 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 MA X X RONNIE HOEY 9787104225 83 MIDDLESEX STREET NORTH CHELMSFORD MA 01863 RONNIE HOEY PRESIDENT/TREASURER/EXECUT 40.00 X X 109503 0 13230 DAVID ALDRICH CHAIRMAN/DIRECTOR 20.00 X 0 0 0 LAURA GASPARINI DIRECTOR 8.00 X 0 0 0 SHANNON ANDERSON DIRECTOR 8.00 X 0 0 0 MAURA MCGILVERY DIRECTOR 8.00 X 0 0 0 ZOE DZINEKU DIRECTOR 8.00 X 0 0 0 VENESSA MASTERSON DIRECTOR 8.00 X 0 0 0 KATHLEEN MORIARTY CLERK 8.00 X X 0 0 0 109503 0 13230 1 0 0 0 0 54960 430521 24618 485481 1258 1258 4231 54960 14301 -10070 -10070 476669 1258 0 -10070 109502 82127 21900 5475 125469 109281 12950 3238 11971 9751 1776 444 26510 21595 3932 983 21348 17390 3166 792 6000 6000 4181 3482 559 140 177 177 1712 1712 8134 8134 2256 2256 16972 16972 13137 2049 11088 SUPPLIES 33294 33294 UTILITIES 21812 21812 FUNDRAISING EXPENSES 13873 13873 PROGRAM EXPENSES 11737 11737 27311 17552 9759 455396 357609 72842 24945 17040 40445 3273 286 1000 25000 500 709632 59676 666928 649956 688241 716187 6487 13160 6487 13160 X 671227 671093 10527 31934 681754 703027 688241 716187 21273 0 X 1 X 0 0 0 X 783815 163321 318018 365751 485480 2116385 783815 163321 318018 365751 485480 2116385 2116385 98 5 1258 1361 2117746 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 201100 201100 481145 47881 433264 27387 11795 15592 649956 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION AND CONTRIBUTIONS MADE TO THE ORGANIZATION ARE DEDUCTIBLE BY DONORS AS PROVIDED IN SECTION 170 OF THE CODE. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA PRESCRIBE THE THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. A LIABILITY FOR UNCERTAIN TAX POSITIONS IS RECOGNIZED AND RECORDED AS A COMPONENT OF CURRENT INCOME TAX EXPENSE FOR DIFFERENCES BETWEEN FINANCIAL AND INCOME TAX REPORTING POSITIONS WHICH DO NOT MEET THIS THRESHOLD. ANY INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS ARE RECORDED AS A COMPONENT OF INCOME TAX EXPENSE. THE ORGANIZATION HAS REVIEWED ITS TAX POSITIONS THAT REMAIN SUBJECT TO EXAMINATION BY TAX AUTHORITIES AND HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS AND THUS HAS NOT RECORDED ANY LIABILITY AT JUNE 30, 2024 OR 2023. THE ORGANIZATION'S FEDERAL AND STATE TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY TAXING AUTHORITIES UNTIL THE EXPIRATION OF THE RELATED RETURNS STATUTES. IN GENERAL, THE FEDERAL AND STATE TAX RETURNS HAVE A THREE-YEAR STATUTE OF LIMITATION FROM THE DATE THE TAX RETURNS WERE DUE OR FILED, WHICHEVER IS LATER. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2020 AND HAS NO OPEN EXAMINATIONS AS OF THE DATE OF THESE FINANCIAL STATEMENTS. HALLOWEEN EVENT 59191 54960 4231 14301 59191 54960 4231 14301 14301 -10070 X 24618 FMV X 60000 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS THROUGH THE USE OF COMPARABLE DATA OF SIMILARLY SITUATED ORGANIZATIONS. DELIBERATIONS AND DECISIONS ARE DOCUMENTED CONTEMPORANEOUSLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.