2024-05-13T16:04:39-05:00 2023-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2022-07-01 834296806 VERTEX PARTNERSHIP ACADEMIES INC VERT 9178816908 1160 BEACH AVE BRONX NY 10472 IAN ROWE CEO 9178816908 2024-05-10 1 IAN ROWE 999009999 1 JACQUELINE B LEE CPA P00842765 5854231860 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z IAN ROWE 1160 BEACH AVE BRONX NY 10472 3400086 0 X HTTPS://WWW.VERTEXACADEMIES.ORG/ X 2019 NY 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. 2 2 4 4 0 0 2752290 2420752 0 400976 0 8358 0 -630000 2752290 2200086 0 1270110 0 0 626857 253012 0 0 49319 849422 647784 1476279 2170906 1276011 29180 2937276 5595498 635278 3264320 2301998 2331178 X 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. 0 0 1774464 1270110 400976 EDUCATIONAL SERVICES AND POST-SECONDARY EDUCATION PREPAREDNESS FOR STUDENTS IN GRADES 9-12. 1774464 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 19 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X IAN ROWE 9178816908 1160 BEACH AVE BRONX NY 10472 STEPHANIE SAROKI GARCIA BOARD CHAIR - RESIGNED DURING YEAR 1.00 X X 0 0 0 ERIC J GRANNIS BOARD MEMBER - RESIGNED DURING YEAR 1.00 X 0 0 0 DAVID SWEENY BOARD CHAIR 1.00 X X 0 0 0 SARAH HAWKINS BOARD MEMBER - JOINED DURING YEAR 1.00 X 0 0 0 IAN ROWE CHIEF EXECUTIVE OFFICER 50.00 X 150000 0 0 WILLIAM STROUD CHIEF ACADEMIC OFFICER 50.00 X 113050 0 0 263050 0 0 2 0 0 0 SIGNATURE CONSTRUCTION GROUP INC 160 7TH ST BROOKLYN NY 11215 CONSTRUCTION SERVICES 1504182 DBI PROJECTS LLC 1261 BROADWAY 9TH FLOOR NEW YORK NY 10001 CONSTRUCTION CONSULTING 376834 RCC HOLY FAMILY BLESSED SACRAMENT AND S 2158 WATSON AVE BRONX NY 10472 FACILITY RENT 333333 ACS INTERNATIONAL RESOURCES INC 1330 BALTIMORE PIKE CHADDS FORD PA 19317 TECHNOLOGY CONSULTING 307636 CULLEN AND DYKMAN LLP 44 WALL ST 19TH FLOOR NEW YORK NY 10005 FACILITY RENT AND SECURITY 266667 5 2420752 2420752 CHARTER MANAGEMENT FEES 611710 400976 400976 400976 8358 8358 570000 1200000 -630000 -630000 -630000 2200086 -229024 0 8358 1270110 1270110 150000 105000 45000 80852 58013 22839 4325 1087 2395 843 17835 4483 9876 3476 11381 11381 169413 169413 3341 3341 19541 19541 5107 5107 978 978 78353 78353 6667 6667 99342 99342 12020 12020 REPAIRS AND MAINTENANCE 238488 238488 OTHER 3153 1706 1447 2170906 1774464 347123 49319 1154808 648633 725000 225000 112991 5400 3291655 99342 744477 3192313 200000 1524152 2937276 5595498 635278 654012 1000000 0 1610308 635278 3264320 X 2301998 2331178 2301998 2331178 2937276 5595498 29180 0 X X 0 1 X 1 0 X 1592840 2752290 2420752 6765882 1592840 2752290 2420752 6765882 3152725 3613157 0 0 8358 8358 6774240 400976 X SEE EXPLANATION FIRST YEAR OF OPERATION AS A TAX-EXEMPT ORGANIZATION WAS A SHORT YEAR (FROM FEB 2019 THRU JUNE 2020). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 30923 0 30923 1 X 3291655 99342 3192313 3192313 SECURITY DEPOSIT 200000 DUE FROM HIGH SCHOOL 144767 OPERATING RIGHT OF USE ASSET 1179385 1524152 CASH HELD ON BEHALF OF HIGH SCHOOL 30923 LEASE LIABILITY 1579385 1610308 X 3400086 1200000 1200000 2200086 0 2200086 3370906 1200000 1200000 2170906 0 2170906 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. 0 BRILLA COLLEGE PREPARATORY CHARTER SCHOOL 420 E 145TH ST BRONX NY 10454 813081969 438765 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 831345 0 TO ENSURE THE ORGANIZATION HAS SUFFICIENT FUNDS TO RUN THE JOINT HIGH SCHOOL PROGRAM 2 0 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. FRIENDS OF VERTEX LLC 1160 BEACH AVE BRONX NY 10472 920808186 TO HOLD AND MANAGE CERTAIN REAL ESTATE ASSETS NY 0 1000000 VERTEX PARTNERSHIP ACADEMIES INC