Compass Working Capital Inc
BOSTON, MA
Total revenue
$17.6M
Total expenses
$9.1M
Net assets
$17.0M
Grants received
$28.0M
132 grants
EIN
203975100
Tax year
2023
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.
Programs
2 programs
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.
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.
Financials
FY 2023
Revenue
Expenses
People
15 listed
MARKITA MORRIS-LOUIS
PRESIDENT/CEO
$193K
40 hrs/wk
JALYNNE SANTIAGO
CFO/TREASURER
$141K
40 hrs/wk
KAREN WALLACE
DIRECTOR
—
0.5 hrs/wk
SHARON E RIVA
BOARD MEMBER/CHAIRPERSON (AS OF 9/24)
—
0.5 hrs/wk
KIMBERLY MONTY HOLZEL
CLERK
—
0.5 hrs/wk
HEATHER WELLINGTON
DIRECTOR
—
0.5 hrs/wk
PRECILLIA REDMOND
CHAIRPERSON (UNTIL 9/24)
—
0.5 hrs/wk
SCOTT CARMEL
DIRECTOR
—
0.5 hrs/wk
MEAGHAN MCCARTHY
DIRECTOR
—
0.5 hrs/wk
OMAR WOODARD
DIRECTOR
—
0.5 hrs/wk
THEA JAMES
DIRECTOR
—
0.5 hrs/wk
CARTER MCCLURE
CHIEF STRATEGY OFFICER
$144K
40 hrs/wk
MCKINSEY ALSTON
CHIEF HUMAN RESOURCES OFFICER
$139K
40 hrs/wk
JAMES STUART
CHIEF EXTERNAL AFFAIRS OFFICER
$126K
40 hrs/wk
MORIAH GARCIA NELSON
DIR. OF PROGRAMS/CHIEF PROGRAM OFFICER
$102K
40 hrs/wk
Independent contractors
NXTSTEP CONSULTING LLC
CONSULTANT
Grants received
Showing 132 of 132
Funded by
$28.0M from 56 funders · 132 grants · 2017–2024
$10.2M · 3 grants · 2021–2023
$3.2M · 8 grants · 2017–2023
$3M · 1 grant · 2024
$2.8M · 7 grants · 2018–2023
$2.8M · 3 grants · 2019–2022
$854K · 3 grants · 2020–2024
$707K · 4 grants · 2020–2023
$674K · 1 grant · 2017