13F-HR 1 comp3q10.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: September 30, 2010 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 November 01, 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: 49 Form 13F Information Table Value Total: $300,271 (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 340 3916 SH SOLE 0 0 3916 ACCENTURE PLC IRELAND SHS CLASS A G1151C101 10214 240391 SH SOLE 0 0 240391 American New Perspective - A EQ MF 648018109 226 8527 SH SOLE 0 0 8527 AUTOMATIC DATA PROCESSING IN COM 053015103 9222 219406 SH SOLE 0 0 219406 BEMIS INC COM 081437105 10014 315412 SH SOLE 0 0 315412 Berkshire Hathaway Inc - Cl B COM 084670207 219 2650 SH SOLE 0 0 2650 BERKSHIRE HATHAWAY INC DEL CL A 084670108 2490 20 SH SOLE 0 0 20 CHEVRON CORP NEW COM 166764100 493 6085 SH SOLE 0 0 6085 CISCO SYS INC COM 17275R102 9386 428581 SH SOLE 0 0 428581 CONAGRA FOODS INC COM 205887102 3350 152700 SH SOLE 0 0 152700 CONOCOPHILLIPS COM 20825C104 217 3785 SH SOLE 0 0 3785 CR Bard Inc. COM 831398326 9742 119637 SH SOLE 0 0 119637 CVS CAREMARK CORPORATION COM 126650100 9635 306157 SH SOLE 0 0 306157 DANAHER CORP DEL COM 235851102 10137 249622 SH SOLE 0 0 249622 Dodge & Cox Stock EQ MF 256219106 3858 39711 SH SOLE 0 0 39711 DONALDSON INC COM 257651109 11066 234800 SH SOLE 0 0 234800 Dreyfus Appreciation EQ MF 261970107 3782 107189 SH SOLE 0 0 107189 ECOLAB INC COM 278865100 9785 192845 SH SOLE 0 0 192845 EXPEDITORS INTL WASH INC COM 302130109 10590 229062 SH SOLE 0 0 229062 EXXON MOBIL CORP COM 30231g102 1058 17117 SH SOLE 0 0 17117 FEDEX CORP COM 31428X106 9951 116389 SH SOLE 0 0 116389 FRANKLIN RES INC COM 354613101 9893 92540 SH SOLE 0 0 92540 Harbor International EQ MF 411511306 4425 78097 SH SOLE 0 0 78097 ILLINOIS TOOL WKS INC COM 452308109 10071 214180 SH SOLE 0 0 214180 INTEL CORP COM 458140100 737 38370 SH SOLE 0 0 38370 INTERNATIONAL BUSINESS MACHS COM 459200101 548 4083 SH SOLE 0 0 4083 Jensen I EQ MF 476313309 4022 161666 SH SOLE 0 0 161666 JOHNSON & JOHNSON COM 478160104 9366 151157 SH SOLE 0 0 151157 KOHLS CORP COM 500255104 8924 169402 SH SOLE 0 0 169402 MEDTRONIC INC COM 585055106 9142 272239 SH SOLE 0 0 272239 MICROSOFT CORP COM 594918104 9095 371363 SH SOLE 0 0 371363 Mutual Beacon Fund EQ MF 628380305 3539 302961 SH SOLE 0 0 302961 OMNICOM GROUP INC COM 681919106 10213 258691 SH SOLE 0 0 258691 ORACLE CORP COM 68389X105 9954 370730 SH SOLE 0 0 370730 PRAXAIR INC COM 74005P104 2137 23678 SH SOLE 0 0 23678 PROCTER & GAMBLE CO COM 742718109 9005 150157 SH SOLE 0 0 150157 Royce Premier Fund EQ MF 780905600 7822 438448 SH SOLE 0 0 438448 SHERWIN WILLIAMS CO COM 824348106 7858 104582 SH SOLE 0 0 104582 SIGMA ALDRICH CORP COM 826552101 8047 133272 SH SOLE 0 0 133272 STRYKER CORP COM 863667101 9452 188860 SH SOLE 0 0 188860 SYSCO CORP COM 871829107 9526 334025 SH SOLE 0 0 334025 TARGET CORP COM 87612E106 472 8825 SH SOLE 0 0 8825 TECHNE CORP COM 878377100 1720 27866 SH SOLE 0 0 27866 US Bancorp COM 902973106 740 34206 SH SOLE 0 0 34206 Vanguard Institutional Index F EQ MF 922040100 5983 57319 SH SOLE 0 0 57319 Vanguard Intl Growth EQ MF 921910204 4366 238202 SH SOLE 0 0 238202 WAL MART STORES INC COM 931142103 9358 174852 SH SOLE 0 0 174852 Wasatch Small Cap Growth Fund EQ MF 936772102 7447 217506 SH SOLE 0 0 217506 WELLS FARGO & CO NEW COM 949746101 634 25230 SH SOLE 0 0 25230