Civic Intelligence

Vertex Nonprofit Organization Inc

990 • Fiscal year 2021 • EIN 45-2831378

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 12, 2021

Organization ProfileWWW.VERTEXNP.COM

View Organization Page

530 South 1750 EastPrice, UT 84501

(435) 650-2066

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

2nd percentile

-165%

Higher net margin than 2% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

61st percentile

$81,785

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

2nd percentile

-39%

Faster asset growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-93%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$1,479,743

Down $939,975 (-39%) from 2020

Net Assets

Down

$1,479,743

Down $939,975 (-39%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin2nd percentile

Revenue

Down

$570,803

Down $7,775,969 (-93%) from 2020

Expenses

Up

$1,510,778

Up $590,145 (+64%) from 2020

Net Income

Down

-$939,975

Down $8,366,114 (-113%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0-$20MAssets 2014: $47,707,013Liabilities 2014: $47,140,671Net Assets 2014: $566,3422014Assets 2015: $63,921,974Liabilities 2015: $66,704,657Net Assets 2015: -$2,782,6832015Assets 2016: $65,386,830Liabilities 2016: $68,024,825Net Assets 2016: -$2,637,9952016Assets 2017: $29,100,926Liabilities 2017: $34,418,281Net Assets 2017: -$5,317,3552017Assets 2018: $28,817,872Liabilities 2018: $33,597,175Net Assets 2018: -$4,779,3032018Assets 2019: $16,963,038Liabilities 2019: $21,972,140Net Assets 2019: -$5,009,1022019Assets 2020: $2,419,718Liabilities 2020: $0Net Assets 2020: $2,419,7182020Assets 2021: $1,479,743Liabilities 2021: $0Net Assets 2021: $1,479,7432021Assets 2022: $1,584,741Liabilities 2022: $0Net Assets 2022: $1,584,7412022Assets 2023: $882,408Liabilities 2023: $0Net Assets 2023: $882,4082023Assets 2024: $947,315Liabilities 2024: $0Net Assets 2024: $947,3152024

Highlighted filing

2021

Assets$1,479,743
Liabilities$0
Net Assets$1,479,743
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2014: $1,042,671Expenses 2014: $1,426,709Net Income 2014: -$384,0382014Revenue 2015: $1,396,127Expenses 2015: $4,745,152Net Income 2015: -$3,349,0252015Revenue 2016: $2,576,497Expenses 2016: $2,431,809Net Income 2016: $144,6882016Revenue 2017: $704,052Expenses 2017: $3,383,412Net Income 2017: -$2,679,3602017Revenue 2018: $2,038,016Expenses 2018: $1,637,610Net Income 2018: $400,4062018Revenue 2019: $2,972,217Expenses 2019: $2,539,895Net Income 2019: $432,3222019Revenue 2020: $8,346,772Expenses 2020: $920,633Net Income 2020: $7,426,1392020Revenue 2021: $570,803Expenses 2021: $1,510,778Net Income 2021: -$939,9752021Revenue 2022: $874,492Expenses 2022: $769,494Net Income 2022: $104,9982022Revenue 2023: $1,095,724Expenses 2023: $1,798,057Net Income 2023: -$702,3332023Revenue 2024: $935,392Expenses 2024: $870,436Net Income 2024: $64,9562024

Highlighted filing

2021

Revenue$570,803
Expenses$1,510,778
Net Income-$939,975
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$1,287,981
Mission and Program Overview

Mission

It is the current intention of the Organization to use the contributions that it receives from the public to assist educational providers that the Organization shall determine to be appropriate recipients of funding.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,978,951$1,314,877▼ $664,074
Cash and Non-Interest-Bearing Accounts$353,267$114,866▼ $238,401
Other Notes and Loans Receivable, Net$87,500$50,000▼ $37,500
Total Assets$2,419,718$1,479,743▼ $939,975
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,419,718$1,479,743▼ $939,975
Total Net Assets Fund Balance$2,419,718$1,479,743▼ $939,975
Total Liabilities and Net Assets / Fund Balance$2,419,718$1,479,743▼ $939,975

Asset Categories

AssetBook ValueDepreciationBasis
Land$942,509-$942,509
Other Land Buildings$372,368$19,189$391,557
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jared HaddockPresidentFT$81,785$81,785
Mark MorleyLegal CounseFT$81,785$81,785

Board Members and Trustees

NameTitle
Matt NielsonDirector
Matthew MerrillDirector
Shane WasdenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$137,938
Program Service Revenue
$0
Investment Income
$432,865
Other Revenue
$0
All Other Contributions
$137,938
Change in Net Assets
$-939,975
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,176,242
Salaries, Compensation, and Employee Benefits$334,536
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$163,570--$163,570
Other Employee Benefits$114,350--$114,350
Pension Plan Contributions$42,090--$42,090
Occupancy-$32,901-$32,901
Depreciation Depletion$30,956--$30,956
Office Expenses$15,684--$15,684
Payroll Taxes$14,526--$14,526
Travel$4,634$4,635-$9,269
Fees for Services Other$440$7,000-$7,440
Fees for Services Accounting-$5,200-$5,200
Fees for Services Legal-$3,387-$3,387
Other Expenses$1,658$2,700-$1,658
All Other Expenses$975$509-$1,484
Advertising$861--$861
Insurance-$263-$263
Total Functional Expenses$1,454,183$56,595$0$1,510,778
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Vertex nonprofit mtm, llc legal couns. Member brother”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is distributed via email.”

Form 990, Page 6, Part VI, Line 12C

“YES”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Vertex Nonprofit Organization
EIN
45-2831378
Phone
4356502066
Address
530 SOUTH 1750 EAST, PRICE, UT 84501

Signing Officer

Name
Jared Haddock
Title
President
Phone
4356502066
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jared Haddock
Formed
2011
Legal Domicile
Ut
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
12

Preparer

Firm
Next Step Advisors LLC
Address
437 S BLUFF ST STE 301, SAINT GEORGE, UT 84770
Preparer
Doug Solstad CPA Cgma
Phone
4352758400
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“In pursuit of its primary purpose, vertex nonprofit organization provides the following services: 1. Obtain financing for newly organized schools to have proper facilities until they can get their own rating. 2. Provide bond and disclosure services for these schools. 3. Lower the overall cost of their lease by developing more efficient ways to obtain financing. 4. Buy all schools or buildings at a discount in order to pass the savings to the school. 5. Provide donations and 0% interest rate loans to schools that need assistance. 6. Provide promotional videos of the schools for assistance in enrollment.”

Form 990, Page 2, Part III, Line 4D

“In pursuit of its primary purpose, vertex nonprofit organization provides the following services: 1. Obtain financing for newly organized schools to have proper facilities until they can get their own rating. 2. Provide bond and disclosure services for these schools. 3. Lower the overall cost of their lease by developing more efficient ways to obtain financing. 4. Buy all schools or buildings at a discount in order to pass the savings to the school. 5. Provide donations and 0% interest rate loans to schools that need assistance. 6. Provide promotional videos of the schools for assistance in enrollment.”

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

“Replica's of priceless works by michaelangelo have been received and subsequently loaned out to colleges for exhibition and display.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,479,743
Liabilities
$0
Net assets
$1,479,743
Revenue
$570,803
Expenses
$1,510,778
Net income
-$939,975
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.00$0.95$0.94$0.87$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.00$0.88$1.10$1.80$0.70
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.00$1.58$0.87$0.77$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.57$1.51$0.94
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$0.00$2.42$8.35$0.92$7.43
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$22.0$5.01$2.97$2.54$0.43
2018Summary only. Only limited summary data is available for this year.$28.8$33.6$4.78$2.04$1.64$0.40
2017Summary only. Only limited summary data is available for this year.$29.1$34.4$5.32$0.70$3.38$2.68
2016Summary only. Only limited summary data is available for this year.$65.4$68.0$2.64$2.58$2.43$0.14
2015Detailed filing. Detailed filing data is available for this year.$63.9$66.7$2.78$1.40$4.75$3.35
2014Detailed filing. Detailed filing data is available for this year.$47.7$47.1$0.57$1.04$1.43$0.38