Civic Intelligence

Vertus Charter School

990 • Fiscal year 2015 • EIN 46-4366962

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 21, 2016

2 Austin StreetRochester, NY 14606

(585) 747-8911

Siviq Scores

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

Liabilities / Assets

75th percentile

0.52x

Higher debt load relative to assets than 75% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

63rd percentile

0.19x

Higher debt load relative to revenue than 63% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Net Margin

66th percentile

8.8%

Higher net margin than 66% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

66th percentile

$105,561

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Asset Growth

94th percentile

119%

Faster asset growth than 94% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

98th percentile

457%

Faster revenue growth than 98% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$853,559

Up $463,710 (+119%) from 2014

Net Assets

Up

$407,519

Up $224,101 (+122%) from 2014

Liabilities

Up

$446,040

Up $239,609 (+116%) from 2014

Revenue

Up

$2,299,278

Up $1,886,812 (+457%) from 2014

Expenses

Up

$2,096,942

Up $1,867,894 (+816%) from 2014

Net Income

Up

$202,336

Up $18,918 (+10%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2014: $389,849Liabilities 2014: $206,431Net Assets 2014: $183,4182014Assets 2015: $853,559Liabilities 2015: $446,040Net Assets 2015: $407,5192015Assets 2016: $1,097,817Liabilities 2016: $767,396Net Assets 2016: $330,4212016Assets 2017: $1,507,998Liabilities 2017: $856,805Net Assets 2017: $651,1932017Assets 2018: $932,650Liabilities 2018: $676,680Net Assets 2018: $255,9702018Assets 2019: $647,234Liabilities 2019: $868,990Net Assets 2019: -$221,7562019Assets 2020: $1,499,612Liabilities 2020: $1,275,856Net Assets 2020: $223,7562020Assets 2021: $1,534,018Liabilities 2021: $1,155,056Net Assets 2021: $378,9622021Assets 2022: $2,168,943Liabilities 2022: $479,343Net Assets 2022: $1,689,6002022Assets 2023: $5,046,731Liabilities 2023: $2,167,252Net Assets 2023: $2,879,4792023Assets 2024: $5,016,141Liabilities 2024: $1,346,193Net Assets 2024: $3,669,9482024Assets 2025: $5,376,292Liabilities 2025: $923,150Net Assets 2025: $4,453,1422025

Highlighted filing

2015

Assets$853,559
Liabilities$446,040
Net Assets$407,519

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2014: $412,466Expenses 2014: $229,048Net Income 2014: $183,4182014Revenue 2015: $2,299,278Expenses 2015: $2,096,942Net Income 2015: $202,3362015Revenue 2016: $2,784,991Expenses 2016: $2,862,089Net Income 2016: -$77,0982016Revenue 2017: $4,923,419Expenses 2017: $4,602,647Net Income 2017: $320,7722017Revenue 2018: $5,003,667Expenses 2018: $5,398,890Net Income 2018: -$395,2232018Revenue 2019: $4,936,718Expenses 2019: $5,414,444Net Income 2019: -$477,7262019Revenue 2020: $5,437,243Expenses 2020: $4,991,731Net Income 2020: $445,5122020Revenue 2021: $5,124,681Expenses 2021: $4,969,475Net Income 2021: $155,2062021Revenue 2022: $6,584,591Expenses 2022: $5,273,953Net Income 2022: $1,310,6382022Revenue 2023: $7,135,145Expenses 2023: $5,945,266Net Income 2023: $1,189,8792023Revenue 2024: $8,039,734Expenses 2024: $7,249,265Net Income 2024: $790,4692024Revenue 2025: $8,531,151Expenses 2025: $7,747,957Net Income 2025: $783,1942025

Highlighted filing

2015

Revenue$2,299,278
Expenses$2,096,942
Net Income$202,336
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 21, 2016
Return Version
2014v6.0
Gross Receipts
$2,299,278
Mission and Program Overview

Mission

Vertus' mission is to prepare leaders of character for the community and the workplace.

Vertus charter school prepares leaders of character for the community and the workplace. Vertus is a year-round preparatory high school serving young men who are at risk of not completing high school. Every student will earn a regents diploma as well as a technical certificate or job credential that will enable him to support himself. Upon graduation, each student will choose the post-secondary pathway that is right for him; university, community college, further technical training, or a good job.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$304,169$451,031▲ $146,862
Land, Buildings, and Equipment, Net$8,631$236,573▲ $227,942
Pledges and Grants Receivable$59,718$139,213▲ $79,495
Loans From Officers Directors$40,000$40,000→ $0
Prepaid Expenses and Deferred Charges$4,831$12,984▲ $8,153
Accounts Receivable-$1,258-
Total Assets$389,849$853,559▲ $463,710
Other Assets Total$12,500$12,500→ $0
Liabilities
Deferred Revenue-$234,286-
Accounts Payable and Accrued Expenses$85,361$151,754▲ $66,393
Mortgage Notes Payable Secured by Investment Property$81,070--
Other Liabilities$0$20,000▲ $20,000
Total Liabilities$206,431$446,040▲ $239,609
Net Assets / Fund Balance
Unrestricted Net Assets$183,418$278,065▲ $94,647
Temporarily Rstr Net Assets-$129,454-
Total Net Assets Fund Balance$183,418$407,519▲ $224,101
Total Liabilities and Net Assets / Fund Balance$389,849$853,559▲ $463,710

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$118,753$25,586$144,339
Other Land Buildings$84,556$10,588$95,144
Leasehold Improvements$33,264$22,280$55,544
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Perry WhiteDr. of External AffairsFT$102,577$2,984$105,561
Dr Leigh McguiganCEOFT$102,577$2,731$105,308
Patricia AnthonyCOO 5/28/14-1/23/15FT$42,693-$42,693

Board Members and Trustees

NameTitle
Bryan HickmanChairman
Dr Stephen JacobsTrustee
General John BatisteTrustee
Michael MandinaTrustee
Reverand Sebrone JohnsonTrustee
Ty KellyTrustee
Joshua PincusCOO Effective 1/23/15
Todd OldhamSecretary
Ken WasnockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,053,940
Program Service Revenue
$1,245,082
Investment Income
$256
Other Revenue
$0
All Other Contributions
$563,954
Change in Net Assets
$202,336

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,299,278
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$413,475
Total Revenue per Audited Statements
$2,712,753
Total Revenue per Form 990
$2,299,278
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,255,320
Other Expenses$841,622
Total Fundraising Expense$41,203
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$688,700$70,737$4,303$763,740
Current Officers, Directors, Trustees, and Key Employees$137,321$168,072$18,142$323,535
Occupancy$152,099$49,847$5,163$207,109
Information Technology$97,315$30,437$3,049$130,801
Fees for Services Other$36,032$68,143$1,786$105,961
Payroll Taxes$73,483$24,082$2,494$100,059
Depreciation Depletion$42,929$14,068$1,457$58,454
Office Expenses$38,483$12,446$1,277$52,206
Other Employee Benefits$40,640$9,966$821$51,427
Fees for Services Accounting-$18,500-$18,500
Other Expenses$15,663$938$97$16,698
Pension Plan Contributions$12,161$3,985$413$16,559
Insurance$11,912$3,210$283$15,405
Advertising$11,705$318-$12,023
All Other Expenses$10,135$1,083$404$11,622
Fees for Services Legal-$7,312-$7,312
Total Functional Expenses$1,557,317$498,422$41,203$2,096,942

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,305,234
Expenses per Audited Statements$2,096,942
Total Expenses per Form 990$2,096,942
Expenses Not Reported on Form 990$208,292
Expenses Not Reported on Financial Statements$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$40,000$40,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Lease Liability$20,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11

The draft form 990 is reviewed by the ceo & coo and the board of directors. The board approves form 990 which is then signed by the board designee.

Form 990, Part VI, Section B, Line 12C

Annually board members, officers, and employees disclose any conflicts of interest. The code of ethics describes the organization's procedures and is provided to all trustees, officers, and employees of the school upon their employement or association with the school. In addition board members shall disclose to the board their interest, with respect to a transaction the board is considering and senior staff shall disclose any interest to the executive director. Any senior staff or board member with interests shall recuse themselves from the decision-making process. The nature of the interest and the individual's recusal, or the chair's determination not to require recusal, shall be memorialized in writing. In no event shall board members vote on transactions in which they have a financial interest. In addition, the board expects board members and senior staff to disclose close friendships with (a) any person with whom vertus is considering a transaction, and (b) any person who has a significant position in an entity with which vertus is considering a transaction.

Form 990, Part VI, Section B, Line 15

The school seeks to ensure that compensation is reasonable and represents the fair market value for services rendered. Comparable data is used by the board when determining the compensation of officers and key employees. The school sets compensation within the range of the going market rate. No individual having a conflict of interest under the school's conflict of interest policy is permitted to participate in the review or decision making process.

Form 990, Part VI, Section C, Line 19

These documents are located at the school and are available upon request. They are also available on guidestar.org

Filing and Contact Details

Filer

Filer Name
Vertus Charter School
EIN
46-4366962
Phone
5857478911
Address
2 AUSTIN STREET, ROCHESTER, NY 14606

Signing Officer

Name
Dr Leigh Mcguigan
Title
CEO
Phone
5857478911
Signed
2016-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Leigh Mcguigan
Formed
2013
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
25
Volunteers
8

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
100 CHESTNUT STREET SUITE 1200, ROCHESTER, NY 14604
Preparer
Michelle Cain
Phone
5854231860
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization obtained an audit for the first time in the current year.

Financial Statement Notes

PART X, LINE 2:

The charter school is a tax-exempt organization under section 501(c)(3) of the internal revenue code and applicable state regulations and, accordingly, is exempt from federal and state taxes on income. The charter school has filed for and received income tax exemptions in the various jurisdictions where it is required to do so. The charter school files form 990 in the u.s. Federal jurisdiction. The tax returns for the years ended june 30, 2014 through 2015 are still subject to potential audit by the irs. Management of the charter school believes they have no material uncertain tax positions and, accordingly, will not recognize any liability for unrecognized tax benefits.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenues from december 17, 2013 (date of inception) to june 30, 2014 413,475.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses from december 17, 2013 (date of inception) to june 30, 2014 208,292.

Raw XML AppendixShowing 400 of 493 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt085361
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0151754
IRS990/AccountsReceivableGrp/EOYAmt01258
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0VERTUS CHARTER SCHOOL PREPARES LEADERS OF CHARACTER FOR THE COMMUNITY AND THE WORKPLACE. VERTUS IS A YEAR-ROUND PREPARATORY HIGH SCHOOL SERVING YOUNG MEN WHO ARE AT RISK OF NOT COMPLETING HIGH SCHOOL. EVERY STUDENT WILL EARN A REGENTS DIPLOMA AS WELL AS A TECHNICAL CERTIFICATE OR JOB CREDENTIAL THAT WILL ENABLE HIM TO SUPPORT HIMSELF. UPON GRADUATION, EACH STUDENT WILL CHOOSE THE POST-SECONDARY PATHWAY THAT IS RIGHT FOR HIM; UNIVERSITY, COMMUNITY COLLEGE, FURTHER TECHNICAL TRAINING, OR A GOOD JOB.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0318
IRS990/AdvertisingGrp/ProgramServicesAmt011705
IRS990/AdvertisingGrp/TotalAmt012023
IRS990/AllOtherContributionsAmt0563954
IRS990/AllOtherExpensesGrp/FundraisingAmt0404
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01083
IRS990/AllOtherExpensesGrp/ProgramServicesAmt010135
IRS990/AllOtherExpensesGrp/TotalAmt011622
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JOSHUA PINCUS
IRS990/BooksInCareOfDetail/PhoneNum05857478911
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02 AUSTIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROCHESTER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd014606
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0304169
IRS990/CashNonInterestBearingGrp/EOYAmt0451031
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt018142
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0168072
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0137321
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0323535
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01053940
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0256
IRS990/CYOtherExpensesAmt0841622
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01245082
IRS990/CYRevenuesLessExpensesAmt0202336
IRS990/CYSalariesCompEmpBnftPaidAmt01255320
IRS990/CYTotalExpensesAmt02096942
IRS990/CYTotalFundraisingExpenseAmt041203
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02299278
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt0234286
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt01457
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt014068
IRS990/DepreciationDepletionGrp/ProgramServicesAmt042929
IRS990/DepreciationDepletionGrp/TotalAmt058454
IRS990/Desc0VERTUS PREPARES LEADERS OF CHARACTER FOR THE COMMUNITY AND THE WORKPLACE, THROUGH:-CAREER PREPARATION: EVERY STUDENT EARNS THE CREDENTIALS TO GET A GOOD JOB IN ADDITION TO A HIGH SCHOOL DIPLOMA. AFTER GRADUATION, EACH STUDENT CHOOSES THE PATH THAT IS RIGHT FOR HIM: COLLEGE, TECHNICAL SCHOOL OR STARTING A CAREER.-PERSONALIZED CURRICULUM: EACH STUDENT HAS AN INDIVIDUAL LEARNING PLAN TAILORED TO HIS ABILITIES AND INTERESTS AND LEARNS AT THE PACE THAT IS RIGHT FOR HIM. SEMINAR ROOMS AND LEARNING LABS REPLACE TRADITIONAL CLASSROOMS. COMMUNITY SERVICE, ROBOTICS, RECORDING STUDIO, ENTREPRENEURS CLUB, WOODWORKING, PHOTOGRAPHY, STUDENT GOVERNMENT AND SPORTS KEEP ACTIVE BOYS ENGAGED AND BUILD REAL-WORLD SKILLS.-STRONG RELATIONSHIPS: EACH STUDENT BELONGS TO A SMALL LEARNING TEAM OF 12 STUDENTS, LED BY A FULL-TIME MENTOR, TUTOR AND GUIDE - CALLED A PRECEPTOR - WHO KEEPS EACH YOUNG MAN ON THE RIGHT PATH AND IS RESPONSIBLE FOR THE SUCCESS OF EVERY STUDENT ON THE TEAM.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt025
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01557317
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt018500
IRS990/FeesForServicesAccountingGrp/TotalAmt018500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt07312
IRS990/FeesForServicesLegalGrp/TotalAmt07312
IRS990/FeesForServicesOtherGrp/FundraisingAmt01786
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt068143
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt036032
IRS990/FeesForServicesOtherGrp/TotalAmt0105961
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt82984
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt92731
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0GENERAL JOHN BATISTE
IRS990/Form990PartVIISectionAGrp/PersonNm1BRYAN HICKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2DR STEPHEN JACOBS
IRS990/Form990PartVIISectionAGrp/PersonNm3REVERAND SEBRONE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm4TY KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL MANDINA
IRS990/Form990PartVIISectionAGrp/PersonNm6TODD OLDHAM
IRS990/Form990PartVIISectionAGrp/PersonNm7KEN WASNOCK
IRS990/Form990PartVIISectionAGrp/PersonNm8PERRY WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm9DR LEIGH MCGUIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm10PATRICIA ANTHONY
IRS990/Form990PartVIISectionAGrp/PersonNm11JOSHUA PINCUS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8102577
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9102577
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1042693
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DR. OF EXTERNAL AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10COO 5/28/14-1/23/15
IRS990/Form990PartVIISectionAGrp/TitleTxt11COO EFFECTIVE 1/23/15
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0489986
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02299278
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt03049
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt030437
IRS990/InformationTechnologyGrp/ProgramServicesAmt097315
IRS990/InformationTechnologyGrp/TotalAmt0130801
IRS990/InsuranceGrp/FundraisingAmt0283
IRS990/InsuranceGrp/ManagementAndGeneralAmt03210
IRS990/InsuranceGrp/ProgramServicesAmt011912
IRS990/InsuranceGrp/TotalAmt015405
IRS990/InvestmentIncomeGrp/ExclusionAmt0256
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0256
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt058454
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08631
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0236573
IRS990/LandBldgEquipCostOrOtherBssAmt0295027
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt040000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt040000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0VERTUS' MISSION IS TO PREPARE LEADERS OF CHARACTER FOR THE COMMUNITY AND THE WORKPLACE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt081070
IRS990/NetAssetsOrFundBalancesBOYAmt0183418
IRS990/NetAssetsOrFundBalancesEOYAmt0407519
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05163
IRS990/OccupancyGrp/ManagementAndGeneralAmt049847
IRS990/OccupancyGrp/ProgramServicesAmt0152099
IRS990/OccupancyGrp/TotalAmt0207109
IRS990/OfficeExpensesGrp/FundraisingAmt01277
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012446
IRS990/OfficeExpensesGrp/ProgramServicesAmt038483
IRS990/OfficeExpensesGrp/TotalAmt052206
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012500
IRS990/OtherAssetsTotalGrp/EOYAmt012500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0821
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09966
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt040640
IRS990/OtherEmployeeBenefitsGrp/TotalAmt051427
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3NON-CAPITALIZED EQUIPME
IRS990/OtherExpensesGrp/FundraisingAmt0462
IRS990/OtherExpensesGrp/FundraisingAmt1365
IRS990/OtherExpensesGrp/FundraisingAmt2687
IRS990/OtherExpensesGrp/FundraisingAmt397
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04457
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14193
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26628
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3938
IRS990/OtherExpensesGrp/ProgramServicesAmt0123820
IRS990/OtherExpensesGrp/ProgramServicesAmt144693
IRS990/OtherExpensesGrp/ProgramServicesAmt220226
IRS990/OtherExpensesGrp/ProgramServicesAmt315663
IRS990/OtherExpensesGrp/TotalAmt0128739
IRS990/OtherExpensesGrp/TotalAmt149251
IRS990/OtherExpensesGrp/TotalAmt227541
IRS990/OtherExpensesGrp/TotalAmt316698
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt020000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04303
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt070737
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0688700
IRS990/OtherSalariesAndWagesGrp/TotalAmt0763740
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02494
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024082
IRS990/PayrollTaxesGrp/ProgramServicesAmt073483
IRS990/PayrollTaxesGrp/TotalAmt0100059
IRS990/PensionPlanContributionsGrp/FundraisingAmt0413
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03985
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012161
IRS990/PensionPlanContributionsGrp/TotalAmt016559
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt059718
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0139213
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04831
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012984
IRS990/PrincipalOfficerNm0DR LEIGH MCGUIGAN
IRS990/PriorPeriodAdjustmentsAmt021765
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0STATE AND LOCAL PER PU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01245082
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01245082
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0412466
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt093086
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0183418
IRS990/PYSalariesCompEmpBnftPaidAmt0135962
IRS990/PYTotalExpensesAmt0229048
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0412466
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0202336
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01245082
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0118753
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025586
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0144339
IRS990ScheduleD/ExpensesNotReportedAmt0208292
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02096942
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt033264
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt022280
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt055544
IRS990ScheduleD/OtherExpensesIncludedAmt0208292
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt084556
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010588
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt095144
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED LEASE LIABILITY
IRS990ScheduleD/OtherRevenueAmt0413475
IRS990ScheduleD/RevenueNotReportedAmt0413475
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02299278
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE CHARTER SCHOOL HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE VARIOUS JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE CHARTER SCHOOL FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2014 THROUGH 2015 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE CHARTER SCHOOL BELIEVES THEY HAVE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUES FROM DECEMBER 17, 2013 (DATE OF INCEPTION) TO JUNE 30, 2014 413,475.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSES FROM DECEMBER 17, 2013 (DATE OF INCEPTION) TO JUNE 30, 2014 208,292.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0236573
IRS990ScheduleD/TotalExpensesPerForm990Amt02096942
IRS990ScheduleD/TotalLiabilityAmt020000
IRS990ScheduleD/TotalRevenuePerForm990Amt02299278
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02712753
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02305234
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL DISSEMINATES ITS POLICY ON OUTREACH MATERIAL, APPLICATIONS AND ITS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS A FREE PUBLIC CHARTER SCHOOL, NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE IS OFFERED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES FEDERAL CHARTER SCHOOL PROGRAM GRANT FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt040000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0BRYAN HICKMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0CASH FLOWS TO BE REPAID AS POSSIBLE AFTER RECEIPT OF CSP FUNDING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt040000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings