13F-HR 1 comp1q2011.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: March 31, 2011 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 April 21, 2011 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: 52 Form 13F Information Table Value Total: $336,578 (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 436 4666 SH SOLE 0 0 4666 ABBOTT LABS COM 002824100 211 4297 SH SOLE 0 0 4297 ACCENTURE PLC IRELAND SHS CLASS A G1151C101 12375 225121 SH SOLE 0 0 225121 American New Perspective - A EQ MF 648018109 254 8527 SH SOLE 0 0 8527 AUTOMATIC DATA PROCESSING IN COM 053015103 11259 219437 SH SOLE 0 0 219437 BARD C R INC COM 067383109 11777 118524 SH SOLE 0 0 118524 BEMIS INC COM 081437105 10529 320899 SH SOLE 0 0 320899 BERKSHIRE HATHAWAY INC DEL CL A 084670108 2381 19 SH SOLE 0 0 19 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 244 2916 SH SOLE 0 0 2916 CHEVRON CORP NEW COM 166764100 798 7420 SH SOLE 0 0 7420 CISCO SYS INC COM 17275R102 9009 525320 SH SOLE 0 0 525320 CONAGRA FOODS INC COM 205887102 3263 137375 SH SOLE 0 0 137375 CONOCOPHILLIPS COM 20825C104 402 5035 SH SOLE 0 0 5035 CVS CAREMARK CORPORATION COM 126650100 10831 315592 SH SOLE 0 0 315592 DANAHER CORP DEL COM 235851102 11962 230491 SH SOLE 0 0 230491 Dodge & Cox Stock EQ MF 256219106 4462 39220 SH SOLE 0 0 39220 DONALDSON INC COM 257651109 12701 207220 SH SOLE 0 0 207220 Dreyfus Appreciation EQ MF 261970107 4475 110888 SH SOLE 0 0 110888 ECOLAB INC COM 278865100 10086 197696 SH SOLE 0 0 197696 EXPEDITORS INTL WASH INC COM 302130109 10593 211228 SH SOLE 0 0 211228 EXXON MOBIL CORP COM 30231g102 1579 18771 SH SOLE 0 0 18771 FEDEX CORP COM 31428X106 10999 117577 SH SOLE 0 0 117577 FRANKLIN RES INC COM 354613101 11435 91424 SH SOLE 0 0 91424 Harbor International EQ MF 411511306 5215 82736 SH SOLE 0 0 82736 ILLINOIS TOOL WKS INC COM 452308109 11375 211738 SH SOLE 0 0 211738 INTEL CORP COM 458140100 296 14645 SH SOLE 0 0 14645 INTERNATIONAL BUSINESS MACHS COM 459200101 710 4351 SH SOLE 0 0 4351 Jensen I EQ MF 476313309 4606 163451 SH SOLE 0 0 163451 JOHNSON & JOHNSON COM 478160104 9500 160345 SH SOLE 0 0 160345 KOHLS CORP COM 500255104 9405 177313 SH SOLE 0 0 177313 MCDONALDS CORP COM 580135101 209 2750 SH SOLE 0 0 2750 MEDTRONIC INC COM 585055106 11331 287944 SH SOLE 0 0 287944 MICROSOFT CORP COM 594918104 9889 389475 SH SOLE 0 0 389475 Mutual Beacon Fund EQ MF 628380305 4090 316802 SH SOLE 0 0 316802 Mutual Shares EQ MF 628380107 217 9925 SH SOLE 0 0 9925 OMNICOM GROUP INC COM 681919106 11794 240409 SH SOLE 0 0 240409 ORACLE CORP COM 68389X105 11761 351793 SH SOLE 0 0 351793 PEPSICO INC COM 713448108 299 4649 SH SOLE 0 0 4649 PRAXAIR INC COM 74005P104 236 2325 SH SOLE 0 0 2325 PROCTER & GAMBLE CO COM 742718109 9527 154658 SH SOLE 0 0 154658 Royce Premier Fund EQ MF 780905600 9661 431263 SH SOLE 0 0 431263 SHERWIN WILLIAMS CO COM 824348106 10602 126234 SH SOLE 0 0 126234 SIGMA ALDRICH CORP COM 826552101 10278 161500 SH SOLE 0 0 161500 STRYKER CORP COM 863667101 11523 189516 SH SOLE 0 0 189516 SYSCO CORP COM 871829107 9593 346312 SH SOLE 0 0 346312 TARGET CORP COM 87612E106 441 8825 SH SOLE 0 0 8825 TECHNE CORP COM 878377100 566 7900 SH SOLE 0 0 7900 Vanguard Institutional Index F EQ MF 922040100 7017 57866 SH SOLE 0 0 57866 Vanguard Intl Growth EQ MF 921910204 4902 245585 SH SOLE 0 0 245585 WAL MART STORES INC COM 931142103 9542 183315 SH SOLE 0 0 183315 Wasatch Small Cap Growth Fund EQ MF 936772102 9132 217026 SH SOLE 0 0 217026 WELLS FARGO & CO NEW COM 949746101 800 25230 SH SOLE 0 0 25230