Civic Intelligence

Vertex Partnership Academies Inc.

990 • Fiscal year 2021 • EIN 83-4296806

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

Organization ProfileWWW.VERTEXACADEMIES.ORG

View Organization Page

230 East 124th Street No 4CNew York, NY 10035

(917) 881-6908

Siviq Scores

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

Liabilities / Assets

59th percentile

0.15x

Higher debt load relative to assets than 59% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

54th percentile

0.12x

Higher debt load relative to revenue than 54% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

89th percentile

57%

Higher net margin than 89% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets59th percentile

Assets

$1,211,055

No earlier filing loaded for comparison.

Net Assets

$1,025,987

No earlier filing loaded for comparison.

Liabilities

$185,068

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin89th percentile

Revenue

$1,592,840

No earlier filing loaded for comparison.

Expenses

$691,664

No earlier filing loaded for comparison.

Net Income

$901,176

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$20M$15M$10M$5.0M$0Assets 2021: $1,211,055Liabilities 2021: $185,068Net Assets 2021: $1,025,9872021Assets 2022: $2,937,276Liabilities 2022: $635,278Net Assets 2022: $2,301,9982022Assets 2023: $5,595,498Liabilities 2023: $3,264,320Net Assets 2023: $2,331,1782023Assets 2024: $16,728,567Liabilities 2024: $14,026,436Net Assets 2024: $2,702,1312024Assets 2025: $15,937,870Liabilities 2025: $13,421,396Net Assets 2025: $2,516,4742025

Highlighted filing

2021

Assets$1,211,055
Liabilities$185,068
Net Assets$1,025,987
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $1,592,840Expenses 2021: $691,664Net Income 2021: $901,1762021Revenue 2022: $2,752,290Expenses 2022: $1,476,279Net Income 2022: $1,276,0112022Revenue 2023: $2,200,086Expenses 2023: $2,170,906Net Income 2023: $29,1802023Revenue 2024: $3,339,903Expenses 2024: $2,968,950Net Income 2024: $370,9532024Revenue 2025: $2,595,916Expenses 2025: $2,781,573Net Income 2025: -$185,6572025

Highlighted filing

2021

Revenue$1,592,840
Expenses$691,664
Net Income$901,176
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$1,592,840
Mission and Program Overview

Mission

Vertex partnership academies student scholars will be immersed in a culture of democratic discourse guided by the four cardinal virtues of courage, justice, temperance, and wisdom. Through socratic seminars, study groups, academic rituals, individual and collective assignments, each vertex partnership academies student scholar will be expected to adopt the ten attributes that define the international baccalaureate program learner profile.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$124,811$1,083,082▲ $958,271
Pledges and Grants Receivable-$115,000-
Prepaid Expenses and Deferred Charges-$12,973-
Total Assets$124,811$1,211,055▲ $1,086,244
Liabilities
Other Liabilities$0$105,500▲ $105,500
Accounts Payable and Accrued Expenses-$79,568-
Total Liabilities$0$185,068▲ $185,068
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$124,811$674,578▲ $549,767
Net Assets With Donor Restrictions-$351,409-
Total Net Assets Fund Balance$124,811$1,025,987▲ $901,176
Total Liabilities and Net Assets / Fund Balance$124,811$1,211,055▲ $1,086,244
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Stephanie Saroki GarciaBoard Chair
David SweenyBoard Member
Eric J GrannisBoard Member
Ian RoweChief Executive Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,592,840
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,592,840
Change in Net Assets
$901,176

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,592,840
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$20,000
Total Revenue per Audited Statements
$1,612,840
Total Revenue per Form 990
$1,592,840
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$516,499
Salaries, Compensation, and Employee Benefits$175,165
Total Fundraising Expense$47,035
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$136,171$306,511$26,250$468,932
Other Salaries and Wages$26,925$68,592-$95,517
Current Officers, Directors, Trustees, and Key Employees-$43,750$18,750$62,500
Information Technology-$14,300-$14,300
Payroll Taxes$2,308$9,631$1,607$13,546
Fees for Services Accounting-$12,000-$12,000
Fees for Services Management-$7,500-$7,500
Advertising-$6,424-$6,424
Insurance-$4,345-$4,345
Other Employee Benefits$614$2,560$428$3,602
Office Expenses-$2,081-$2,081
Other Expenses$208$559-$208
Travel-$150-$150
Total Functional Expenses$166,226$478,403$47,035$691,664

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$711,664
Expenses per Audited Statements$691,664
Total Expenses per Form 990$691,664
Expenses Not Reported on Form 990$20,000
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
Due to Public Preparatory Network, Inc.$105,500
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
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 11B

“The draft form 990 will be presented to board members for review and approval. A board vote will approve the draft to be filed by the school's auditors.”

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

“A third-party financial consultant prepares monthly financial reports to the board monthly. Discrepancies are brought to the board's attention immediately upon discovery.”

Form 990, Part VI, Section B, Line 15

“Board deliberation was employed to determine the salaries of key employees.”

Form 990, Part VI, Section C, Line 19

“Through the school's website.”

Filing and Contact Details

Filer

Filer Name
Ventoux Partnership Network Inc
EIN
83-4296806
Phone
9178816908
Address
230 EAST 124TH STREET NO 4C, NEW YORK, NY 10035
Doing Business As
Vertex Partnership Academies Inc

Signing Officer

Name
Ian Rowe
Title
CEO
Phone
9178816908
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ian Rowe
Formed
2019
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
100 CHESTNUT STREET SUITE 1200, ROCHESTER, NY 14604
Preparer
Jacqueline B Lee CPA
Phone
5854231860
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional services: program service expenses 136,171. Management and general expenses 306,511. Fundraising expenses 26,250. Total expenses 468,932.”

Part XII, Line 2C Explanation

“This process is consistent with the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization has filed for and received income tax exemptions in the various jurisdictions where they are required to do so. The organization files form 990 tax returns in the u.s. Federal jurisdiction and in new york state. The tax returns for years ended june 30, 2020 through june 30, 2021 are still subject to potential audit by the irs and taxing authorities in new york state. Management of the organization believes they have no material uncertain tax positions and, accordingly, they have not recognized any liability for unrecognized tax benefits.”

Raw XML Appendix342 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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IRS990/MissionDesc0VERTEX PARTNERSHIP ACADEMIES STUDENT SCHOLARS WILL BE IMMEERSED IN A CULTURE OF DEMOCRATIC DISCOURSE GUIDED BY THE FOUR CARDINAL VIRTUES OF COURAGE, JUSTICE, TEMPERANCE, AND WISDOM. THROUGH SOCRATIC SEMINARS, STUDY GROUPS, ACADEMIC RITUALS, INDIVIDUAL AND COLLECTIVE ASSIGNMENTS, EACH VERTEX PARTNERSHIP ACADEMIES STUDENT SCHOLAR WILL BE EXPECTED TO ADOPT THE TEN ATTRIBUTES THAT DEFINE THE INTERNATIONAL BACCALAUREATE PROGRAM LEARNER PROFILE.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FIRST YEAR OF OPERATION AS A TAX-EXEMPT ORGANIZATION WAS A SHORT YEAR (FROM FEB 2019 THRU JUNE 2020).
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE VARIOUS JURISDICTIONS WHERE THEY ARE REQUIRED TO DO SO. THE ORGANIZATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. THE TAX RETURNS FOR YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2021 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE ORGANIZATION BELIEVES THEY HAVE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, THEY HAVE NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DRAFT FORM 990 WILL BE PRESENTED TO BOARD MEMBERS FOR REVIEW AND APPROVAL. A BOARD VOTE WILL APPROVE THE DRAFT TO BE FILED BY THE SCHOOL'S AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A THIRD-PARTY FINANCIAL CONSULTANT PREPARES MONTHLY FINANCIAL REPORTS TO THE BOARD MONTHLY. DISCREPANCIES ARE BROUGHT TO THE BOARD'S ATTENTION IMMEDIATELY UPON DISCOVERY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD DELIBERATION WAS EMPLOYED TO DETERMINE THE SALARIES OF KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THROUGH THE SCHOOL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 136,171. MANAGEMENT AND GENERAL EXPENSES 306,511. FUNDRAISING EXPENSES 26,250. TOTAL EXPENSES 468,932.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THIS PROCESS IS CONSISTENT WITH THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 2C EXPLANATION
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0124811
IRS990/TotalAssetsEOYAmt01211055
IRS990/TotalAssetsGrp/BOYAmt0124811
IRS990/TotalAssetsGrp/EOYAmt01211055
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01592840
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt047035
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0478403
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0166226
IRS990/TotalFunctionalExpensesGrp/TotalAmt0691664
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0185068
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0185068
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0124811
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01025987
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0166226
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01592840
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0124811
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01211055
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0150
IRS990/TravelGrp/TotalAmt0150
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0230 EAST 124TH STREET NO 4C
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010035
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HTTPS://WWW.VERTEXACADEMIES.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0IAN ROWE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09178816908
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VENTOUX PARTNERSHIP NETWORK INC
ReturnHeader/Filer/BusinessNameControlTxt0VENT
ReturnHeader/Filer/EIN0834296806
ReturnHeader/Filer/PhoneNum09178816908
ReturnHeader/Filer/USAddress/AddressLine1Txt0230 EAST 124TH STREET NO 4C
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010035
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161092347
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MENGEL METZGER BARR & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 CHESTNUT STREET SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014604
ReturnHeader/PreparerPersonGrp/PhoneNum05854231860
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACQUELINE B LEE CPA
ReturnHeader/ReturnTs02022-05-16T13:29:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0IAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROWE
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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Filings

Displayed year

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

Open filing
Assets
$1,211,055
Liabilities
$185,068
Net assets
$1,025,987
Revenue
$1,592,840
Expenses
$691,664
Net income
$901,176
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$15.9$13.4$2.52$2.60$2.78$0.19
2024Detailed filing. Detailed filing data is available for this year.$16.7$14.0$2.70$3.34$2.97$0.37
2023Detailed filing. Detailed filing data is available for this year.$5.60$3.26$2.33$2.20$2.17$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.94$0.64$2.30$2.75$1.48$1.28
2021Detailed filing. Detailed filing data is available for this year.$1.21$0.19$1.03$1.59$0.69$0.90