Civic Intelligence

Vertus Charter School

990 • Fiscal year 2021 • EIN 46-4366962

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 08, 2022

Organization ProfileWWW.VERTUSSCHOOL.ORG

View Organization Page

21 Humboldt StreetRochester, NY 14609

(585) 747-8911

Siviq Scores

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

Liabilities / Assets

67th percentile

0.75x

Higher debt load relative to assets than 67% of similar nonprofits.

2021 filings • NTEE B29 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.23x

Higher debt load relative to revenue than 57% of similar nonprofits.

2021 filings • NTEE B29 • $5M-$10M nonprofits • Source year 2021

Net Margin

39th percentile

3.0%

Higher net margin than 39% of similar nonprofits.

2021 filings • NTEE B29 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

53rd percentile

$141,227

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2021 filings • NTEE B29 • $5M-$10M nonprofits • Source year 2021

Asset Growth

29th percentile

2.3%

Faster asset growth than 29% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

20th percentile

-5.7%

Faster revenue growth than 20% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$1,534,018

Up $34,406 (+2.3%) from 2020

Net Assets

Up

$378,962

Up $155,206 (+69%) from 2020

Liabilities

Down

$1,155,056

Down $120,800 (-9.5%) from 2020

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin39th percentile

Revenue

Down

$5,124,681

Down $312,562 (-5.7%) from 2020

Expenses

Down

$4,969,475

Down $22,256 (-0.4%) from 2020

Net Income

Down

$155,206

Down $290,306 (-65%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

2021

Assets$1,534,018
Liabilities$1,155,056
Net Assets$378,962
Open 2021 Filing

Operations Trend

Revenue Growth20th percentile

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

2021

Revenue$5,124,681
Expenses$4,969,475
Net Income$155,206
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 8, 2022
Return Version
2020v4.2
Gross Receipts
$5,137,921
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$920,691$859,448▼ $61,243
Land, Buildings, and Equipment, Net$430,548$364,720▼ $65,828
Pledges and Grants Receivable$71,238$171,169▲ $99,931
Prepaid Expenses and Deferred Charges$2,135$38,681▲ $36,546
Total Assets$1,499,612$1,534,018▲ $34,406
Other Assets Total$75,000$100,000▲ $25,000
Liabilities
Unsecured Notes Loans Payable$583,730$583,730→ $0
Accounts Payable and Accrued Expenses$347,197$342,500▼ $4,697
Other Liabilities$240,501$228,826▼ $11,675
Mortgage Notes Payable Secured by Investment Property$54,428--
Deferred Revenue$50,000--
Total Liabilities$1,275,856$1,155,056▼ $120,800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$222,155$341,205▲ $119,050
Net Assets With Donor Restrictions$1,601$37,757▲ $36,156
Total Net Assets Fund Balance$223,756$378,962▲ $155,206
Total Liabilities and Net Assets / Fund Balance$1,499,612$1,534,018▲ $34,406

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$151,092$351,214$502,306
Leasehold Improvements$179,923$257,896$437,819
Other Land Buildings$33,705$159,486$193,191
Other Assets Org$100,000--
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie LoceyChief Education OfficerFT$128,462$12,765$141,227
Jason TrzeciakCOO (thru Nov 2020)FT$81,362$9,737$91,099

Board Members and Trustees

NameTitle
Victoria Van VoohisChair
Bryan HickmanTrustee
Calvin GanttTrustee
David CarrTrustee
Dr Carol GarrettTrustee
Dr Frederick JohnsonTrustee
Michael MandinaTrustee
Timothy BrownTrustee/treasurer
Evan GallinaSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
21 Humboldt St LLCRent1080 PITTSFORD-VICTOR RD SUITE 100, Pittsford, NY 14534$548,417
Revenue and Support

Revenue Composition

Contributions and Grants
$641,680
Program Service Revenue
$4,496,241
Investment Income
$-13,240
Other Revenue
$0
All Other Contributions
$211,867
Change in Net Assets
$155,206

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,124,681
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$13,240
Total Revenue per Audited Statements
$5,137,921
Total Revenue per Form 990
$5,124,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,382,875
Other Expenses$1,586,600
Total Fundraising Expense$7,267
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,409,250$209,824$4,879$2,623,953
Occupancy$479,185$41,668-$520,853
Payroll Taxes$232,686$20,234-$252,920
Other Employee Benefits$226,049$18,824-$244,873
Current Officers, Directors, Trustees, and Key Employees$148,521$33,307$2,082$183,910
Depreciation Depletion$129,438$11,255-$140,693
Fees for Services Other$87,612$42,429-$130,041
Information Technology$119,501$10,391-$129,892
Fees for Services Accounting-$92,240-$92,240
Pension Plan Contributions$71,937$5,282-$77,219
Office Expenses$60,057$5,222-$65,279
Other Expenses$60,949$8-$60,957
Insurance$53,642$4,664-$58,306
All Other Expenses$52,708$3,435$306$56,449
Advertising-$7,500-$7,500
Fees for Services Legal-$43-$43
Total Functional Expenses$4,446,706$515,502$7,267$4,969,475

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,982,715
Expenses per Audited Statements$4,969,475
Total Expenses per Form 990$4,969,475
Expenses Not Reported on Form 990$13,240
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Lease Liability$225,817
Capital Lease Payable$3,009
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 A, Line 4

“By-laws were amended to reflect: -number of trustees shall be no less than five, with no more than fifteen (previously nine). -annual board meeting shall be held in january each year. -updated video participation in meetings in accordance with article 7 of public officers law. -notice of time and place of every meeting of the board shall be mailed not less than five nor more than 10 days before the meeting to the usual address of trustees. -board shall review any compensation package (including all benefits) of the executive director and the 2 other highest paid employees (previously ceo or school leader/principal). -”

Form 990, Part VI, Section B, Line 11B

“The draft of form 990 is reviewed by the head of the school and the finance committee. 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.”

Filing and Contact Details

Filer

Filer Name
Vertus Charter School
EIN
46-4366962
Phone
5857478911
Address
21 HUMBOLDT STREET, ROCHESTER, NY 14609

Signing Officer

Name
Julie a Locey
Title
Chief Education Officer
Phone
5857478911
Signed
2022-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie a Locey
Formed
2013
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
73
Volunteers
9

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 process is consistent with prior 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 files form 990 tax returns in the u.s. Federal jurisdiction. The tax returns for the years ended june 30, 2018 through june 30, 2021 are still subject to potential audit by the irs. Management of the charter school believes it has no material uncertain tax positions and, accordingly it will not recognize any liability for unrecognized tax benefits.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Loss on sale of fixed assets 13,240.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on sale of fixed assets 13,240.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF EDUCATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10COO (THRU NOV 2020)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-13240
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0429813
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05137921
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt010391
IRS990/InformationTechnologyGrp/ProgramServicesAmt0119501
IRS990/InformationTechnologyGrp/TotalAmt0129892
IRS990/InsuranceGrp/ManagementAndGeneralAmt04664
IRS990/InsuranceGrp/ProgramServicesAmt053642
IRS990/InsuranceGrp/TotalAmt058306
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0768596
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0430548
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0364720
IRS990/LandBldgEquipCostOrOtherBssAmt01133316
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt013240
IRS990/LoanOutstandingInd00
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/BOYAmt054428
IRS990/NetAssetsOrFundBalancesBOYAmt0223756
IRS990/NetAssetsOrFundBalancesEOYAmt0378962
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-13240
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-13240
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0222155
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0341205
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt041668
IRS990/OccupancyGrp/ProgramServicesAmt0479185
IRS990/OccupancyGrp/TotalAmt0520853
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05222
IRS990/OfficeExpensesGrp/ProgramServicesAmt060057
IRS990/OfficeExpensesGrp/TotalAmt065279
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt075000
IRS990/OtherAssetsTotalGrp/EOYAmt0100000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018824
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0226049
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0244873
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc1STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3STUDENT AND STAFF RECRU
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0992
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1194
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27990
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt38
IRS990/OtherExpensesGrp/ProgramServicesAmt0119526
IRS990/OtherExpensesGrp/ProgramServicesAmt1103762
IRS990/OtherExpensesGrp/ProgramServicesAmt291883
IRS990/OtherExpensesGrp/ProgramServicesAmt360949
IRS990/OtherExpensesGrp/TotalAmt0120518
IRS990/OtherExpensesGrp/TotalAmt1103956
IRS990/OtherExpensesGrp/TotalAmt299873
IRS990/OtherExpensesGrp/TotalAmt360957
IRS990/OtherLiabilitiesGrp/BOYAmt0240501
IRS990/OtherLiabilitiesGrp/EOYAmt0228826
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04879
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0209824
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02409250
IRS990/OtherSalariesAndWagesGrp/TotalAmt02623953
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020234
IRS990/PayrollTaxesGrp/ProgramServicesAmt0232686
IRS990/PayrollTaxesGrp/TotalAmt0252920
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05282
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt071937
IRS990/PensionPlanContributionsGrp/TotalAmt077219
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt071238
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0171169
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02135
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt038681
IRS990/PrincipalOfficerNm0JULIE A LOCEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0STATE AND LOCAL PER PU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04496241
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04496241
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0420786
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01589554
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05016457
IRS990/PYRevenuesLessExpensesAmt0445512
IRS990/PYSalariesCompEmpBnftPaidAmt03402177
IRS990/PYTotalExpensesAmt04991731
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05437243
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0155206
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04496241
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/BookValueAmt0151092
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0351214
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0502306
IRS990ScheduleD/ExpensesNotReportedAmt013240
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04969475
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0179923
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0257896
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0437819
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0100000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH IN ESCROW
IRS990ScheduleD/OtherExpensesIncludedAmt013240
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt033705
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0159486
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0193191
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0225817
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13009
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE PAYABLE
IRS990ScheduleD/OtherRevenueAmt013240
IRS990ScheduleD/RevenueNotReportedAmt013240
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05124681
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 FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2018 THROUGH JUNE 30, 2021 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE CHARTER SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON SALE OF FIXED ASSETS 13,240.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON SALE OF FIXED ASSETS 13,240.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0364720
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0100000
IRS990ScheduleD/TotalExpensesPerForm990Amt04969475
IRS990ScheduleD/TotalLiabilityAmt0228826
IRS990ScheduleD/TotalRevenuePerForm990Amt05124681
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05137921
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04982715
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
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BY-LAWS WERE AMENDED TO REFLECT: -NUMBER OF TRUSTEES SHALL BE NO LESS THAN FIVE, WITH NO MORE THAN FIFTEEN (PREVIOUSLY NINE). -ANNUAL BOARD MEETING SHALL BE HELD IN JANUARY EACH YEAR. -UPDATED VIDEO PARTICIPATION IN MEETINGS IN ACCORDANCE WITH ARTICLE 7 OF PUBLIC OFFICERS LAW. -NOTICE OF TIME AND PLACE OF EVERY MEETING OF THE BOARD SHALL BE MAILED NOT LESS THAN FIVE NOR MORE THAN 10 DAYS BEFORE THE MEETING TO THE USUAL ADDRESS OF TRUSTEES. -BOARD SHALL REVIEW ANY COMPENSATION PACKAGE (INCLUDING ALL BENEFITS) OF THE EXECUTIVE DIRECTOR AND THE 2 OTHER HIGHEST PAID EMPLOYEES (PREVIOUSLY CEO OR SCHOOL LEADER/PRINCIPAL). -
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT OF FORM 990 IS REVIEWED BY THE HEAD OF THE SCHOOL AND THE FINANCE COMMITTEE. THE BOARD APPROVES FORM 990 WHICH IS THEN SIGNED BY THE BOARD DESIGNEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE DOCUMENTS ARE LOCATED AT THE SCHOOL AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS IS CONSISTENT WITH PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,534,018
Liabilities
$1,155,056
Net assets
$378,962
Revenue
$5,124,681
Expenses
$4,969,475
Net income
$155,206
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.38$0.92$4.45$8.53$7.75$0.78
2024Detailed filing. Detailed filing data is available for this year.$5.02$1.35$3.67$8.04$7.25$0.79
2023Detailed filing. Detailed filing data is available for this year.$5.05$2.17$2.88$7.14$5.95$1.19
2022Detailed filing. Detailed filing data is available for this year.$2.17$0.48$1.69$6.58$5.27$1.31
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$1.16$0.38$5.12$4.97$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.50$1.28$0.22$5.44$4.99$0.45
2019Detailed filing. Detailed filing data is available for this year.$0.65$0.87$0.22$4.94$5.41$0.48
2018Detailed filing. Detailed filing data is available for this year.$0.93$0.68$0.26$5.00$5.40$0.40
2017Detailed filing. Detailed filing data is available for this year.$1.51$0.86$0.65$4.92$4.60$0.32
2016Detailed filing. Detailed filing data is available for this year.$1.10$0.77$0.33$2.78$2.86$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.85$0.45$0.41$2.30$2.10$0.20
2014Summary only. Only limited summary data is available for this year.$0.39$0.21$0.18$0.41$0.23$0.18