Civic Intelligence

Vertex Nonprofit Organization Inc

990 • Fiscal year 2020 • EIN 45-2831378

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 26, 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

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

98th percentile

89%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

34th percentile

$86,400

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

1st percentile

-86%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

181%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets7th percentile

Assets

Down

$2,419,718

Down $14,543,320 (-86%) from 2019

Net Assets

Up

$2,419,718

Up $7,428,820 (+148%) from 2019

Liabilities

Down

$0

Down $21,972,140 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin98th percentile

Revenue

Up

$8,346,772

Up $5,374,555 (+181%) from 2019

Expenses

Down

$920,633

Down $1,619,262 (-64%) from 2019

Net Income

Up

$7,426,139

Up $6,993,817 (+1618%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2020

Assets$2,419,718
Liabilities$0
Net Assets$2,419,718
Open 2020 Filing

Operations Trend

Revenue Growth96th 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

2020

Revenue$8,346,772
Expenses$920,633
Net Income$7,426,139
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 26, 2021
Return Version
2019v5.0
Gross Receipts
$8,346,772
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$945,860$1,978,951▲ $1,033,091
Intangible Assets$1,332,578--
Cash and Non-Interest-Bearing Accounts$446,679$353,267▼ $93,412
Other Notes and Loans Receivable, Net$692,127$87,500▼ $604,627
Other Assets Total$13,545,794--
Total Assets$16,963,038$2,419,718▼ $14,543,320
Liabilities
Other Liabilities$21,967,321--
Accounts Payable and Accrued Expenses$4,819--
Total Liabilities$21,972,140$0▼ $21,972,140
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-5,959,482$2,419,718▲ $8,379,200
Net Assets With Donor Restrictions$950,380--
Total Net Assets Fund Balance$-5,009,102$2,419,718▲ $7,428,820
Total Liabilities and Net Assets / Fund Balance$16,963,038$2,419,718▼ $14,543,320

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,036,442$19,232$1,055,674
Land$942,509-$942,509
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jared HaddockPresidentFT$86,400$86,400
Mark MorleyLegal CounseFT$86,400$86,400

Board Members and Trustees

NameTitle
Matt NielsonDirector
Matthew MerrillDirector
Shane WasdenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,944,800
Program Service Revenue
$0
Investment Income
$1,628
Other Revenue
$6,400,344
All Other Contributions
$1,944,800
Change in Net Assets
$7,426,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$484,817
Salaries, Compensation, and Employee Benefits$435,816
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Employee Benefits$177,812--$177,812
Current Officers, Directors, Trustees, and Key Employees$172,800--$172,800
Pension Plan Contributions$61,940--$61,940
Travel$29,441$29,442-$58,883
Office Expenses$53,383--$53,383
Occupancy-$25,113-$25,113
Payroll Taxes$23,264--$23,264
Depreciation Depletion$21,913--$21,913
All Other Expenses$6,433$2,542-$8,975
Insurance-$7,640-$7,640
Fees for Services Other-$5,910-$5,910
Other Expenses$3,782$5,637-$3,782
Fees for Services Legal-$2,976-$2,976
Fees for Services Accounting-$2,303-$2,303
Advertising$1,245--$1,245
Interest-$71-$71
Total Functional Expenses$838,999$81,634$0$920,633
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
2021-01-26
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.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 2,681”

Raw XML Appendix368 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN 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.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,419,718
Liabilities
$0
Net assets
$2,419,718
Revenue
$8,346,772
Expenses
$920,633
Net income
$7,426,139
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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.00$1.48$0.57$1.51$0.94
2020Detailed filing. Detailed filing data is available for this year.$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