(All this is prefaced by "if I remember my 8th grade English correctly")
Actually, because "above" is a preposition, "above the clouds" is a prepositional phrase. "Above" is the preposition, and "the clouds" is the object of the preposition.
Technically "out" is an adverb/preposition too, but "made out" is an idiom so it doesn't really get analyzed literally. It's not really a compound verb, though.
Kaylle
