VERTEX PARTNERSHIP ACADEMIES INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: VERTEX PARTNERSHIP ACADEMIES INC (EIN 83-4296806)
Tax period: 2022-07-01 to 2023-06-30
Filed: 2024-05-13
IRS object ID: 202431349349307983
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-05-13T16:04:39-05:00	ReturnTs
Tax Period End	2023-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	161092347	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MENGEL METZGER BARR & CO LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 CHESTNUT STREET SUITE 1200	AddressLine1Txt
City	ROCHESTER	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	14604	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	834296806	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VERTEX PARTNERSHIP ACADEMIES INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	VERT	BusinessNameControlTxt
Phone	9178816908	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1160 BEACH AVE	AddressLine1Txt
City	BRONX	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10472	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	IAN ROWE	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	9178816908	PhoneNum
Signature	2024-05-10	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	IAN	PersonFirstNm
Person Last	ROWE	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JACQUELINE B LEE CPA	PreparerPersonNm
PTIN	P00842765	PTIN
Phone	5854231860	PhoneNum
Preparation	2024-05-10	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	IAN ROWE	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1160 BEACH AVE	AddressLine1Txt
City	BRONX	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10472	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$3,400,086	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	HTTPS://WWW.VERTEXACADEMIES.ORG/	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2019	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	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.	ActivityOrMissionDesc
Voting Members Governing Body	2	VotingMembersGoverningBodyCnt
Voting Members Independent	2	VotingMembersIndependentCnt
Total Employee	4	TotalEmployeeCnt
Total Volunteers	4	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$2,752,290	PYContributionsGrantsAmt
CY Contributions Grants	$2,420,752	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$400,976	CYProgramServiceRevenueAmt
PY Investment Income	$0	PYInvestmentIncomeAmt
CY Investment Income	$8,358	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	-$630,000	CYOtherRevenueAmt
PY Total Revenue	$2,752,290	PYTotalRevenueAmt
CY Total Revenue	$2,200,086	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$1,270,110	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$626,857	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$253,012	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$49,319	CYTotalFundraisingExpenseAmt
PY Other Expenses	$849,422	PYOtherExpensesAmt
CY Other Expenses	$647,784	CYOtherExpensesAmt
PY Total Expenses	$1,476,279	PYTotalExpensesAmt
CY Total Expenses	$2,170,906	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,276,011	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$29,180	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,937,276	TotalAssetsBOYAmt
Total Assets EOY	$5,595,498	TotalAssetsEOYAmt
Total Liabilities BOY	$635,278	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$3,264,320	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$2,301,998	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$2,331,178	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	VERTEX 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.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,774,464	ExpenseAmt
Grant	$1,270,110	GrantAmt
Revenue	$400,976	RevenueAmt
Desc	EDUCATIONAL SERVICES AND POST-SECONDARY EDUCATION PREPAREDNESS FOR STUDENTS IN GRADES 9-12.	Desc
Total Program Service Expenses	$1,774,464	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	19	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	4	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	2	GoverningBodyVotingMembersCnt
Independent Voting Member	2	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	IAN ROWE	PersonNm
Phone	9178816908	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1160 BEACH AVE	AddressLine1Txt
City	BRONX	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10472	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
STEPHANIE SAROKI GARCIA
BOARD CHAIR - RESIGNED DURING YEAR	1.00	Yes (X)	Yes (X)	$0	$0	$0
ERIC J GRANNIS
BOARD MEMBER - RESIGNED DURING YEAR	1.00	Yes (X)		$0	$0	$0
DAVID SWEENY
BOARD CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
SARAH HAWKINS
BOARD MEMBER - JOINED DURING YEAR	1.00	Yes (X)		$0	$0	$0
IAN ROWE
CHIEF EXECUTIVE OFFICER	50.00		Yes (X)	$150,000	$0	$0
WILLIAM STROUD
CHIEF ACADEMIC OFFICER	50.00			$113,050	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$263,050	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	2	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
SIGNATURE CONSTRUCTION GROUP INC
160 7TH ST	BROOKLYN	NY	11215	CONSTRUCTION SERVICES	$1,504,182
DBI PROJECTS LLC
1261 BROADWAY 9TH FLOOR	NEW YORK	NY	10001	CONSTRUCTION CONSULTING	$376,834
RCC HOLY FAMILY BLESSED SACRAMENT AND S
2158 WATSON AVE	BRONX	NY	10472	FACILITY RENT	$333,333
ACS INTERNATIONAL RESOURCES INC
1330 BALTIMORE PIKE	CHADDS FORD	PA	19317	TECHNOLOGY CONSULTING	$307,636
CULLEN AND DYKMAN LLP
44 WALL ST 19TH FLOOR	NEW YORK	NY	10005	FACILITY RENT AND SECURITY	$266,667

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$2,420,752	AllOtherContributionsAmt
Total Contributions	$2,420,752	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	CHARTER MANAGEMENT FEES	Desc
Business	611710	BusinessCd
Total Revenue Column	$400,976	TotalRevenueColumnAmt
Related Or Exempt Func Income	$400,976	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$400,976	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$8,358	TotalRevenueColumnAmt
Exclusion	$8,358	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$570,000	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$1,200,000	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	-$630,000	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$630,000	TotalRevenueColumnAmt
Related Or Exempt Func Income	-$630,000	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,200,086	TotalRevenueColumnAmt
Related Or Exempt Func Income	-$229,024	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$8,358	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$1,270,110	TotalAmt
Program Services	$1,270,110	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$150,000	TotalAmt
Management And General	$105,000	ManagementAndGeneralAmt
Fundraising	$45,000	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$80,852	TotalAmt
Program Services	$58,013	ProgramServicesAmt
Management And General	$22,839	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$4,325	TotalAmt
Program Services	$1,087	ProgramServicesAmt
Management And General	$2,395	ManagementAndGeneralAmt
Fundraising	$843	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$17,835	TotalAmt
Program Services	$4,483	ProgramServicesAmt
Management And General	$9,876	ManagementAndGeneralAmt
Fundraising	$3,476	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$11,381	TotalAmt
Management And General	$11,381	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$169,413	TotalAmt
Management And General	$169,413	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$3,341	TotalAmt
Program Services	$3,341	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$19,541	TotalAmt
Program Services	$19,541	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$5,107	TotalAmt
Management And General	$5,107	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$978	TotalAmt
Management And General	$978	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$78,353	TotalAmt
Program Services	$78,353	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$6,667	TotalAmt
Management And General	$6,667	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$99,342	TotalAmt
Program Services	$99,342	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$12,020	TotalAmt
Management And General	$12,020	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
REPAIRS AND MAINTENANCE	$238,488	$238,488
OTHER	$3,153	$1,706	$1,447

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,170,906	TotalAmt
Program Services	$1,774,464	ProgramServicesAmt
Management And General	$347,123	ManagementAndGeneralAmt
Fundraising	$49,319	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,154,808	BOYAmt
EOY	$648,633	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$725,000	BOYAmt
EOY	$225,000	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$112,991	BOYAmt
EOY	$5,400	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$3,291,655	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$99,342	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$744,477	BOYAmt
EOY	$3,192,313	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$200,000	BOYAmt
EOY	$1,524,152	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,937,276	BOYAmt
EOY	$5,595,498	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$635,278	BOYAmt
EOY	$654,012	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
EOY	$1,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$1,610,308	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$635,278	BOYAmt
EOY	$3,264,320	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,301,998	BOYAmt
EOY	$2,331,178	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,301,998	BOYAmt
EOY	$2,331,178	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,937,276	BOYAmt
EOY	$5,595,498	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$29,180	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$1,592,840	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,752,290	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,420,752	CurrentTaxYearAmt
Total	$6,765,882	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$1,592,840	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,752,290	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,420,752	CurrentTaxYearAmt
Total	$6,765,882	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$3,152,725	SubstantialContributorsTotAmt
Public Support Total170	$3,613,157	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$8,358	CurrentTaxYearAmt
Total	$8,358	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$6,774,240	TotalSupportAmt
Gross Receipts Rltd Activities	$400,976	GrossReceiptsRltdActivitiesAmt
First5 Years170	Yes (X)	First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SEE EXPLANATION	FormAndLineReferenceDesc
Explanation	FIRST YEAR OF OPERATION AS A TAX-EXEMPT ORGANIZATION WAS A SHORT YEAR (FROM FEB 2019 THRU JUNE 2020).	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	Yes (1)	AgentTrusteeEtcInd
Beginning Balance	$0	BeginningBalanceAmt
Additions During Year	$30,923	AdditionsDuringYearAmt
Distributions During Year	$0	DistributionsDuringYearAmt
Ending Balance	$30,923	EndingBalanceAmt
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,291,655	OtherCostOrOtherBasisAmt
Depreciation	$99,342	DepreciationAmt
Book Value	$3,192,313	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$3,192,313	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDesc	Book ValueBookValueAmt
SECURITY DEPOSIT	$200,000
DUE FROM HIGH SCHOOL	$144,767
OPERATING RIGHT OF USE ASSET	$1,179,385

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$1,524,152	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
CASH HELD ON BEHALF OF HIGH SCHOOL	$30,923
LEASE LIABILITY	$1,579,385

Field	Value	IRS element (for citing)
Total Liability	$1,610,308	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$3,400,086	TotalRevEtcAuditedFinclStmtAmt
Other Revenue	$1,200,000	OtherRevenueAmt
Revenue Not Reported	$1,200,000	RevenueNotReportedAmt
Revenue Subtotal	$2,200,086	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$2,200,086	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$3,370,906	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$1,200,000	OtherExpensesIncludedAmt
Expenses Not Reported	$1,200,000	ExpensesNotReportedAmt
Expenses Subtotal	$2,170,906	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$2,170,906	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART IV, LINE 1B:	THE ORGANIZATION MANAGES A JOINT HIGH SCHOOL PROGRAM ("HIGH SCHOOL") ON BEHALF OF PPA AND BRILLA. FUNDS RECEIVED RELATING TO THE HIGH SCHOOL ARE DEPOSITED INTO SEPARATE ACCOUNTS MAINTAINED BY THE ORGANIZATION, HOWEVER, THESE FUNDS ARE NOT AVAILABLE FOR GENERAL USE BY THE ORGANIZATION. FUNDS CAN BE USED FOR HIGH SCHOOL RELATED EXPENDITURES ONLY.
PART IV, LINE 2B:	AS A RESULT OF THE FUNDS IN THE JOINT HIGH SCHOOL PROGRAM, AN OFFSETTING LIABILITY FOR AMOUNTS DUE TO THE HIGH SCHOOL IS SHOWN AS CASH HELD ON BEHALF OF HIGH SCHOOL.
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, 2023 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.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	RENT EXPENSES 1,200,000.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	RENT EXPENSES 1,200,000.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
BRILLA COLLEGE PREPARATORY CHARTER SCHOOL
420 E 145TH ST	BRONX	NY	10454	813081969	$438,765	$0	TO ENSURE THE ORGANIZATION HAS SUFFICIENT FUNDS TO RUN THE JOINT HIGH SCHOOL PROGRAM
PUBLIC PREPARATORY CHARTER SCHOOL
192 E 151ST ST	BRONX	NY	10451	810650329	$831,345	$0	TO ENSURE THE ORGANIZATION HAS SUFFICIENT FUNDS TO RUN THE JOINT HIGH SCHOOL PROGRAM

Field	Value	IRS element (for citing)
Total501c3 Org	2	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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.
FORM 990, PART XII, LINE 2C EXPLANATION	THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	FRIENDS OF VERTEX LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1160 BEACH AVE	AddressLine1Txt
City	BRONX	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10472	ZIPCd

Field	Value	IRS element (for citing)
EIN	920808186	EIN
Primary Activities	TO HOLD AND MANAGE CERTAIN REAL ESTATE ASSETS	PrimaryActivitiesTxt
Legal Domicile State	NY	LegalDomicileStateCd
Total Income	$0	TotalIncomeAmt
End Of Year Assets	$1,000,000	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	VERTEX PARTNERSHIP ACADEMIES INC	BusinessNameLine1Txt