Nonprofit · EIN 20-3975100
COMPASS WORKING CAPITAL INC
Tax-exempt · BOSTON, MA 02111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $18,415,281 | $11,081,527 | $7,333,754 | $26,304,007 | $1,973,117 | $24,330,890 |
| August 31, 2024 | 990 | $17,627,890 | $9,106,570 | $8,521,320 | $18,517,721 | $1,567,231 | $16,950,490 |
| August 31, 2023 | 990 | $9,714,952 | $7,691,585 | $2,023,367 | $9,217,842 | $820,979 | $8,396,863 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $17,250,903
- of which government grants
- $1,210,942
- Program service revenue
- $452,277
- Investment income
- $563,658
- Other revenue
- $148,443
Expenses
- Grants and similar amounts paid
- $73,500
- Compensation of officers, directors and key employees
- $518,429
- Other salaries and wages
- $6,290,606
- Salaries, compensation and benefits (total)
- $8,203,446
- Professional fundraising fees
- $0
- Legal fees
- $10,983
- Accounting fees
- $157,910
- Occupancy
- $167,001
- Depreciation
- $277,047
- Program services (functional)
- $8,151,867
- Management and general (functional)
- $2,164,869
- Fundraising (functional)
- $764,791
Balance sheet and other
- Total assets, start of year
- $18,517,721
- Total assets, end of year
- $26,304,007
- Total liabilities, end of year
- $1,973,117
- Net assets, end of year
- $24,330,890
- Land, buildings and equipment
- $350,271
- Net assets without donor restrictions
- $21,577,322
- Net assets with donor restrictions
- $2,753,568
- Gross receipts
- $18,415,281
- Employees
- 87
- Volunteers
- 46
- Year formed
- 2005
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARKITA MORRIS-LOUIS | PRESIDENT/CEO Officer | 40 | $222,260 | $16,309 |
| JAMES STUART | CHIEF EXTERNAL AFFAIRS OFFICER Highest-paid employee | 40 | $169,390 | $12,018 |
| JALYNNE SANTIAGO | CFO/TREASURER Officer | 40 | $169,783 | $7,283 |
| MCKINSEY ALSTON | CHIEF HUMAN RESOURCES OFFICER Highest-paid employee | 40 | $167,964 | $7,438 |
| MORIAH GARCIA NELSON | DIR. OF PROGRAMS/CPO Highest-paid employee | 40 | $146,256 | $14,033 |
| GEORGE REUTER | DIRECTOR OF IMPACT & INNOVATION Highest-paid employee | 40 | $100,563 | $14,161 |
| CHRISTINA NAPOLIN | DIRECTOR OF CLIENT SUCCESS Highest-paid employee | 40 | $102,242 | $6,239 |
| SHARON E RIVA | CHAIRPERSON Trustee or director, Officer | 0.5 | $0 | $0 |
| PRECILLIA REDMOND | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MEAGHAN MCCARTHY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| THEA JAMES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KAREN WALLACE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| HEATHER WELLINGTON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIMBERLY MONTY HOLZEL | CLERK Officer | 0.5 | $0 | $0 |
990 for the year ended August 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARKITA MORRIS-LOUIS | PRESIDENT/CEO Officer | 40 | $193,490 | $13,974 |
| CARTER MCCLURE | CHIEF STRATEGY OFFICER Highest-paid employee | 40 | $143,984 | $15,325 |
| JALYNNE SANTIAGO | CFO/TREASURER Officer | 40 | $140,584 | $7,438 |
| MCKINSEY ALSTON | CHIEF HUMAN RESOURCES OFFICER Highest-paid employee | 40 | $138,848 | $7,438 |
| JAMES STUART | CHIEF EXTERNAL AFFAIRS OFFICER Highest-paid employee | 40 | $125,516 | $15,997 |
| MORIAH GARCIA NELSON | DIR. OF PROGRAMS/CHIEF PROGRAM OFFICER Highest-paid employee | 40 | $101,569 | $0 |
| SHARON E RIVA | BOARD MEMBER/CHAIRPERSON (AS OF 9/24) Trustee or director, Officer | 0.5 | $0 | $0 |
| PRECILLIA REDMOND | CHAIRPERSON (UNTIL 9/24) Trustee or director, Officer | 0.5 | $0 | $0 |
| SCOTT CARMEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MEAGHAN MCCARTHY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| OMAR WOODARD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| THEA JAMES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KAREN WALLACE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| HEATHER WELLINGTON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIMBERLY MONTY HOLZEL | CLERK Officer | 0.5 | $0 | $0 |
990 for the year ended August 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARKITA MORRIS-LOUIS | PRESIDENT/CEO/CHIEF STRATEGY OFFICER Officer | 40 | $187,098 | $13,974 |
| MCKINSEY ALSTON | CHIEF HUMAN RESOURCES OFFICER Highest-paid employee | 40 | $141,531 | $17,916 |
| ANN LENTELL | CHIEF PROGRAM OFFICER (UNTIL 8/2023) Highest-paid employee | 40 | $129,286 | $5,629 |
| JAMES STUART | CHIEF DEV. AND COMM. OFFICER Highest-paid employee | 40 | $114,941 | $15,997 |
| JALYNNE SANTIAGO | CFO/TREASURER Officer | 40 | $76,352 | $7,438 |
| SHARON E RIVA | BOARD MEMBER Trustee or director | 0.5 | $51,662 | $2,054 |
| PRECILLIA REDMOND | CHAIRPERSON Trustee or director, Officer | 0.5 | $0 | $0 |
| KIMBERLY MONTY HOLZEL | CLERK Officer | 0.5 | $0 | $0 |
| SCOTT CARMEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MEAGHAN MCCARTHY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| OMAR WOODARD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| THEA JAMES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LISA JACKSON | DIRECTOR (UNTIL 10/2022) Trustee or director | 0.5 | $0 | $0 |
| LIDIANE JONES | DIRECTOR (UNTIL 8/2023) Trustee or director | 0.5 | $0 | $0 |
| ASHA MEHTA | DIRECTOR (UNTIL 8/2023) Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 89 SOUTH ST STE 804, BOSTON, MA 02111-2142
- Principal officer (990 for 2024)
- MARKITA MORRIS-LOUIS, 89 SOUTH STREET 804, BOSTON, MA 02111
- Signed the 990
- MARKITA MORRIS-LOUIS, PRESIDENT/CEO
- Phone
- (617) 790-0810
- Return prepared by
- AAFCPAS INC
Mission
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.
Program accomplishments
- FAMILY SELF-SUFFICIENCY (FSS) PROGRAM:SINCE 2010, COMPASS WORKING CAPITAL ("COMPASS") HAS PARTNERED WITH PUBLIC HOUSING AGENCIES AND PRIVATE OWNERS OF AFFORDABLE HOUSING TO DEVELOP AND IMPLEMENT AN ASSET-BUILDING AND FINANCIAL CAPABILITY MODEL FOR THE FAMILY SELF-SUFFICIENCY ("FSS") PROGRAM, A HISTORICALLY UNDERUTILIZED SAVINGS AND EMPLOYMENT PROGRAM OVERSEEN BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). CONGRESS ESTABLISHED THE FSS PROGRAM IN 1990 AS AN EMPLOYMENT AND SAVINGS PROGRAM FOR RESIDENTS OF FEDERALLY SUBSIDIZED HOUSING. FAMILIES RECEIVING THIS ASSISTANCE TYPICALLY PAY 30% OF THEIR INCOME TOWARDS RENT. THIS STRUCTURE INADVERTENTLY DISCOURAGES SOME RESIDENTS FROM INCREASING THEIR WORK HOURS AND EARNINGS SINCE THEY WORRY ABOUT PAYING MORE RENT AND LOSING OTHER BENEFITS IF THEIR INCOME INCREASES. THE FSS MODEL REMOVES THIS DISINCENTIVE BY ALLOWING PARTICIPANTS TO CAPTURE THEIR INCREASED RENT PAYMENTS IN A SAVINGS ACCOUNT, HELD BY THE HOUSING PROVIDER, WHICH CAN BE ACCESSED UPON COMPLETION OF THE PROGRAM. PARTICIPANTS CAN UTILIZE THEIR SAVINGS TO ACHIEVE THEIR FINANCIAL GOALS. THE COMPASS FSS MODEL INTEGRATES FINANCIAL COACHING AND OTHER ASSET BUILDING STRATEGIES INTO THE FSS PROGRAM, WITH THE GOAL OF PROMOTING ECONOMIC MOBILITY AND FINANCIAL SECURITY FOR PARTICIPATING FAMILIES. THE FIRST MODEL OF ITS KIND IN THE COUNTRY, THE COMPASS FSS PROGRAM IS CURRENTLY OFFERED THROUGH PARTNERSHIP WITH PUBLIC HOUSING AUTHORITIES AND NONPROFIT HOUSING ORGANIZATIONS IN MASSACHUSETTS, PENNSYLVANIA, COLORADO, CONNECTICUT, FLORIDA, ILLINOIS, MARYLAND, MICHIGAN, MISSOURI, NEW HAMPSHIRE, NEW JERSEY, NEW YORK, NORTH CAROLINA, RHODE ISLAND, VIRGINIA, AND WASHINGTON DC. THE COMPASS FSS PROGRAM HAS ATTRACTED LOCAL AND NATIONAL ATTENTION AS A SCALABLE, HOUSING-BASED MODEL TO SUPPORT FAMILIES WITH LOW INCOMES TO BUILD ASSETS, ACHIEVE THEIR GOALS, AND BECOME MORE FINANCIALLY SECURE.Expenses $6,458,630
- NATIONAL FIELD-BUILDING, TRAINING, AND TECHNICAL ASSISTANCE:THE FSS PROGRAM HAS THE POTENTIAL TO REACH AN ESTIMATED 2.2 MILLION HOUSEHOLDS NATIONALLY, YET ONLY A TINY SUBSET LESS THAN 3% OF ELIGIBLE HOUSEHOLDS ARE CURRENTLY ABLE TO TAKE ADVANTAGE OF THE PROGRAM. SINCE 2016, COMPASS HAS ALSO WORKED TO BUILD THE FIELD OF FSS PRACTITIONERS AND OTHER STAKEHOLDERS NATIONALLY AND SHARE OUT OUR BEST PRACTICES TO EXPAND THE SCOPE AND IMPACT OF FSS. CURRENTLY, THE ORGANIZATION MANAGES AN ONLINE LEARNING PLATFORM AND COMMUNITY CALLED FSS LINK, WHICH PROVIDES FSS PRACTITIONERS WITH ACCESS TO RESOURCES FOR FSS PROGRAM MANAGEMENT AND FINANCIAL COACHING, TRAINING, AND OPPORTUNITIES TO CONNECT WITH OTHER FSS PRACTITIONERS ACROSS THE COUNTRY. COMPASS ALSO PROVIDES TRAINING AND TECHNICAL ASSISTANCE ON ITS MODEL FOR THE FSS PROGRAM TO HOUSING PROVIDERS WHO WANT TO IMPROVE THE QUALITY OF THEIR EXISTING PROGRAMS OR LAUNCH NEW ONES. COMPASS ALSO HOSTS A BIENNIAL NATIONAL CONFERENCE ON THE FSS PROGRAM.Expenses $997,840 · revenue $452,277
- SYSTEMS AND POLICY CHANGE:TO DELIVER ON OUR MISSION AND FULLY SUPPORT FAMILIES TO REACH THEIR FINANCIAL GOALS, COMPASS COMBINES DIRECT SERVICE AND FIELD-BUILDING WITH WORK ON BROADER SYSTEMS AND POLICY CHANGE. OUR FOCUS IS LARGELY ON ISSUES RELATED TO EXPANDING THE SCOPE AND IMPACT OF THE FSS PROGRAM, AS WELL AS OTHER PRIORITIES RELATED TO OUR MISSION TO END ASSET POVERTY AND NARROW THE RACIAL AND GENDER WEALTH DIVIDES. IN ORDER TO CARRY OUT THIS WORK, WE EDUCATE PUBLIC OFFICIALS, LEGISLATORS, AND POLICYMAKERS AT THE NATIONAL, STATE, AND LOCAL LEVELS, AND PLAY AN ACTIVE ROLE IN COALITIONS, GROUPS, ADVOCACY EFFORTS, AND INFORMAL NETWORKS THAT ALIGN WITH OUR MISSION AND VISION AND ENABLE US TO HELP PROMOTE PROMISING IDEAS, PRACTICES, AND POLICIES. WE ALSO WORK TO ELEVATE THE VOICES AND LIVED EXPERIENCES OF OUR CLIENTS TO INFLUENCE SYSTEMS AND POLICY CHANGE.Expenses $695,397 · grants $73,500 · revenue $148,443
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 20-3975100
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $26,304,007
- Income (IRS master file)
- $18,415,281
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $18,415,281 | $11,081,527 | $26,304,007 | XML |
| 990 | August 2024 | $17,627,890 | $9,106,570 | $18,517,721 | XML |
| 990 | August 2023 | $9,714,952 | $7,691,585 | $9,217,842 | XML |
| 990 | August 2022 | $6,912,729 | $6,817,704 | $6,922,240 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3975100).
Questions about COMPASS WORKING CAPITAL INC
- What is the EIN of COMPASS WORKING CAPITAL INC?
- The employer identification number (EIN) of COMPASS WORKING CAPITAL INC is 20-3975100.
- Is COMPASS WORKING CAPITAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to COMPASS WORKING CAPITAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMPASS WORKING CAPITAL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMPASS WORKING CAPITAL INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMPASS WORKING CAPITAL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of COMPASS WORKING CAPITAL INC?
- The 990 for the year ended August 31, 2025 names MARKITA MORRIS-LOUIS.
- Who are the officers and directors of COMPASS WORKING CAPITAL INC?
- The 990 for the year ended August 31, 2025 lists 14 people; 7 received compensation from the organization, the highest $222,260 (MARKITA MORRIS-LOUIS, PRESIDENT/CEO).
- How much revenue does COMPASS WORKING CAPITAL INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $18,415,281, expenses of $11,081,527 and total assets of $26,304,007 at year end.
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