Vertex Foundation Inc
- Assets
- $8.0m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/2018
- Data as of
- 12/2022
- EIN
- 82-3101518
Organization Overview
Vertex Foundation Inc is located in Boston, MA. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vertex Foundation Inc 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 12/2022, Vertex Foundation Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $8.4m during the year ending 12/2022. While expenses have increased by 4.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Vertex Foundation Inc has awarded 648 individual grants totaling $45,346,421. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman/ Director | 1 | $0 | |
Name Not Listed Vice Chair/director | 1 | $0 | |
Name Not Listed Executive Director/ Director | 1 | $0 | |
Name Not Listed Secretary (term 7/19/2022) | 1 | $0 | |
Name Not Listed Secretary (beg 7/20/22) | 1 | $0 | |
Name Not Listed Treasurer (term 3/21/22) | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boston Cares Inc | 12/30/22 | $144,800 |
American Online Giving Foundation Inc | 12/30/22 | $122,617 |
Benevity Inc | 12/30/22 | $75,519 |
Points Of Light Foundation | 12/30/22 | $134,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,500,000 |
| Interest on Savings | $77,980 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,577,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,919 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,100 |
| Printing and publications | $0 |
| Other expenses | $20,296 |
| Total operating and administrative expenses | $557,192 |
| Contributions, gifts, grants paid | $7,802,792 |
| Total expenses and disbursements | $8,359,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,022,259 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,022,259 |
| Accounts payable and accrued expenses | $251,000 |
| Grants payable | $1,962,461 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,213,461 |
Grants Awarded
Over the last fiscal year, Vertex Foundation Inc has awarded $9,246,908 in support to 196 organizations.
| Grant Recipient | Amount |
|---|---|
CHARITABLE GIVING PURPOSE: DONOR ADVISED FUND MATCHING GIFTS | $57,043 |
AMERICAN ONLINE GIVING FOUNDATION PURPOSE: DONOR ADVISED FUND MATCHING GIFTS | $2,237,577 |
UK ONLINE GIVING FOUNDATION PURPOSE: DONOR ADVISED FUND MATCHING GIFTS | $174,270 |
AUSTRALIAN ONLINE GIVING FOUNDATION PURPOSE: DONOR ADVISED FUND MATCHING GIFTS | $136 |
CHARITIES AID FOUNDATION AMERICA PURPOSE: DONOR ADVISED FUND GRANTS | $3,831,621 |
CANADIAN ONLINE GIVING FOUNDATION PURPOSE: DONOR ADVISED FUND MATCHING GIFTS | $5,919 |