13F-HR 1 comp4q09.txt COMPASS CAPITAL MANAGEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2009 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Compass Capital Management Inc. Address: 706 Second Avenue South, Ste 400 Minneapolis, MN 55402 13F File Number: 028-05098 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: David M. Carlson Title: Principal/Founder Phone: 612- 338-4051 Signature, Place, and Date of Signing: /s/ David M. Carlson Minneapolis, MN February 04, 2010 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 57 Form 13F Information Table Value Total: $284,278 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO COM 88579Y101 329 3984 SH SOLE 0 0 0 3984 ABBOTT LABS COM 002824100 414 7664 SH SOLE 0 0 0 7664 ACCENTURE PLC IRELAND SHS CLASS A G1151C101 9756 235073 SH SOLE 0 0 0 235073 American New Perspective - A EQ MF 648018109 219 8527 SH SOLE 0 0 0 8527 AUTOMATIC DATA PROCESSING IN COM 053015103 8953 209079 SH SOLE 0 0 0 209079 BEMIS INC COM 081437105 8937 301424 SH SOLE 0 0 0 301424 BERKSHIRE HATHAWAY INC DEL CL A 084670108 3472 35 SH SOLE 0 0 0 35 BERKSHIRE HATHAWAY INC DEL CL B 084670207 900 274 SH SOLE 0 0 0 274 BP PLC SPONSORED ADR 055622104 350 6044 SH SOLE 0 0 0 6044 CHEVRON CORP NEW COM 166764100 484 6285 SH SOLE 0 0 0 6285 CISCO SYS INC COM 17275R102 9649 403035 SH SOLE 0 0 0 403035 COMCAST CORP NEW CL A SPL 20030n200 192 11985 SH SOLE 0 0 0 11985 CONAGRA FOODS INC COM 205887102 4210 182625 SH SOLE 0 0 0 182625 CR Bard Inc. COM 831398326 8826 113300 SH SOLE 0 0 0 113300 CVS CAREMARK CORPORATION COM 126650100 8923 277016 SH SOLE 0 0 0 277016 DANAHER CORP DEL COM 235851102 9538 126840 SH SOLE 0 0 0 126840 Dell Inc COM 247025109 7133 496742 SH SOLE 0 0 0 496742 Dodge & Cox Stock EQ MF 256219106 3797 39499 SH SOLE 0 0 0 39499 DONALDSON INC COM 257651109 9994 234927 SH SOLE 0 0 0 234927 Dreyfus Appreciation EQ MF 261970107 3731 111293 SH SOLE 0 0 0 111293 EXPEDITORS INTL WASH INC COM 302130109 8563 246267 SH SOLE 0 0 0 246267 EXXON MOBIL CORP COM 30231g102 1301 19083 SH SOLE 0 0 0 19083 FEDEX CORP COM 31428X106 9593 114950 SH SOLE 0 0 0 114950 FISERV INC COM 337738108 215 4433 SH SOLE 0 0 0 4433 FRANKLIN RES INC COM 354613101 7336 69632 SH SOLE 0 0 0 69632 Harbor International EQ MF 411511306 3843 70043 SH SOLE 0 0 0 70043 HARSCO CORP COM 415864107 624 19347 SH SOLE 0 0 0 19347 ILLINOIS TOOL WKS INC COM 452308109 9709 202315 SH SOLE 0 0 0 202315 INTEL CORP COM 458140100 1927 94470 SH SOLE 0 0 0 94470 INTERNATIONAL BUSINESS MACHS COM 459200101 570 4353 SH SOLE 0 0 0 4353 ISHARES TR INDEX S&P 500 INDEX 464287200 214 1915 SH SOLE 0 0 0 1915 Jensen I EQ MF 476313309 4005 163539 SH SOLE 0 0 0 163539 JOHNSON & JOHNSON COM 478160104 8929 138622 SH SOLE 0 0 0 138622 KOHLS CORP COM 500255104 6297 116768 SH SOLE 0 0 0 116768 Loomis Sayles Small Cap Value EQ MF 543495816 310 14480 SH SOLE 0 0 0 14480 MEDTRONIC INC COM 585055106 10133 230398 SH SOLE 0 0 0 230398 MICROSOFT CORP COM 594918104 10549 346091 SH SOLE 0 0 0 346091 Mutual Beacon Fund EQ MF 628380305 3490 303707 SH SOLE 0 0 0 303707 Mutual Shares EQ MF 628380107 281 14622 SH SOLE 0 0 0 14622 OMNICOM GROUP INC COM 681919106 9671 247025 SH SOLE 0 0 0 247025 PEPSICO INC COM 713448108 8433 138695 SH SOLE 0 0 0 138695 PFIZER INC COM 717081103 193 10618 SH SOLE 0 0 0 10618 PRAXAIR INC COM 74005P104 1983 24693 SH SOLE 0 0 0 24693 PROCTER & GAMBLE CO COM 742718109 8781 144829 SH SOLE 0 0 0 144829 Royce Premier Fund EQ MF 780905600 6588 403907 SH SOLE 0 0 0 403907 SHERWIN WILLIAMS CO COM 824348106 6572 106596 SH SOLE 0 0 0 106596 SIGMA ALDRICH CORP COM 826552101 6410 126810 SH SOLE 0 0 0 126810 STRYKER CORP COM 863667101 9830 195163 SH SOLE 0 0 0 195163 SYSCO CORP COM 871829107 9292 332586 SH SOLE 0 0 0 332586 TARGET CORP COM 87612E106 452 9354 SH SOLE 0 0 0 9354 TECHNE CORP COM 878377100 2026 29546 SH SOLE 0 0 0 29546 US Bancorp COM 902973106 771 34266 SH SOLE 0 0 0 34266 Vanguard Institutional Index F EQ MF 922040100 5502 53955 SH SOLE 0 0 0 53955 Vanguard Intl Growth EQ MF 921910204 3785 222765 SH SOLE 0 0 0 222765 WAL MART STORES INC COM 931142103 8723 163198 SH SOLE 0 0 0 163198 Wasatch Small Cap Growth Fund EQ MF 936772102 6631 216429 SH SOLE 0 0 0 216429 WELLS FARGO & CO NEW COM 949746101 939 34800 SH SOLE 0 0 0 34800