Vertex Partnership Academies Inc
- Assets
- $1.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 06/2021
- EIN
- 83-4296806
Organization Overview
Vertex Partnership Academies Inc is located in New York, NY. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vertex Partnership Academies Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VERTEX PARTNERSHIP ACADEMIES SEEKS TO BE THE FIRST-OF-ITS-KIND NETWORK OF CHARACTER-BASED, INTERNATIONAL BACCALAUREATE PUBLIC CHARTER HIGH SCHOOLS DEDICATED TO EQUALITY OF OPPORTUNITY, INDIVIDUAL DIGNITY, AND OUR COMMON HUMANITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES AND POST-SECONDARY EDUCATION PREPAREDNESS FOR STUDENTS IN GRADES 9-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Saroki Garcia Board Chair | OfficerTrustee | 1 | $0 |
Ian Rowe Chief Executive Officer | Officer | 50 | $0 |
Eric J Grannis Board Member | Trustee | 1 | $0 |
David Sweeny Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,592,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,592,840 |
| Total Program Service Revenue | $0 |
| 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 | $1,592,840 |
| 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. | $62,500 |
| Compensation of current officers, directors, key employees. | $43,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,517 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,602 |
| Payroll taxes | $13,546 |
| Fees for services: Management | $7,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $468,932 |
| Advertising and promotion | $6,424 |
| Office expenses | $2,081 |
| Information technology | $14,300 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $150 |
| 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 | $0 |
| Insurance | $4,345 |
| All other expenses | $0 |
| Total functional expenses | $691,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,083,082 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $115,000 |
| 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 | $12,973 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,211,055 |
| Accounts payable and accrued expenses | $79,568 |
| 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 | $105,500 |
| Total liabilities | $185,068 |
| Net assets without donor restrictions | $674,578 |
| Net assets with donor restrictions | $351,409 |
| 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 | $1,211,055 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vertex Partnership Academies Inc has recieved totaling $265,000.
| Awarding Organization | Amount |
|---|---|
Charina Endowment Fund Inc New York, NY PURPOSE: GENERAL SUPPORT | $150,000 |
New Schools Fund Oakland, CA PURPOSE: INNOVATIVE SCHOOLS | $115,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Management Association Int New York, NY | $77,149,210 | $37,409,276 |
Edadvance Litchfield, CT | $20,506,260 | $33,747,660 |
University At Buffalo Surgeons Inc Buffalo, NY | $17,240,216 | $29,546,953 |
Kipp Team And Family Schools Inc Newark, NJ | $32,492,623 | $22,899,667 |
New Classrooms Innovation Partners Inc New York, NY | $17,880,577 | $14,247,177 |
Nj Edge Net Inc Newark, NJ | $7,375,107 | $12,640,759 |
Building Responsible Intelligent Creative Kids Newark, NJ | $6,605,179 | $12,103,226 |
Ub Associates Inc Buffalo, NY | $9,112,520 | $9,705,784 |
College Association At Delhi Inc Delhi, NY | $7,817,922 | $8,398,682 |
Bes Inc Boston, MA | $9,472,977 | $7,138,485 |
Ilearn Schools Inc Fair Lawn, NJ | $13,400,113 | $8,692,177 |
Green Mountain Higher Education Consortium Inc Shelburne, VT | $1,891,239 | $6,372,980 |