Vertex Nonprofit Organization is located in Price, UT. The organization was established in 2011. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Vertex Nonprofit Organization employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vertex Nonprofit Organization is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Vertex Nonprofit Organization generated $874.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $769.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (26.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CARE AND EDUCATION FOR UNDERPRIVILEGED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CARE AND EDUCATION FOR UNDERPRIVILEGED CHILDREN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jared Haddock President | Officer | 40 | $43,836 |
Mark Morley Legal Counse | Officer | 40 | $38,874 |
Shane Wasden Director | Trustee | 0.5 | $1,800 |
Matthew Merrill Director | Trustee | 0.5 | $1,800 |
Matt Nielson Director | Trustee | 0.5 | $1,800 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $170,466 |
All other contributions, gifts, grants, and similar amounts not included above | $178,228 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $348,694 |
Total Program Service Revenue | $525,798 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $874,492 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $88,110 |
Compensation of current officers, directors, key employees. | $13,671 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $301,962 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $7,558 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,338 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,777 |
Advertising and promotion | $13,451 |
Office expenses | $13,178 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $138,347 |
Travel | $14,047 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $10,598 |
Insurance | $33,627 |
All other expenses | $20,014 |
Total functional expenses | $769,494 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $280,462 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $361,770 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $942,509 |
Total assets | $1,584,741 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $1,584,741 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,584,741 |
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Steamboat Springs Education Fund Steamboat Springs, CO | $4,415,852 | $5,543,622 |
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