2025-05-06T15:52:39-05:00 2024-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2023-07-01 834296806 VERTEX PARTNERSHIP ACADEMIES INC VERT 9178816908 1143 TAYLOR AVENUE BRONX NY 10472 IAN ROWE CEO 9178816908 2025-04-22 1 1 JACQUELINE B LEE CPA P00842765 5854231860 2025-04-22 2023 2025-03-06 01:10:19Z X IAN ROWE 1143 TAYLOR AVENUE BRONX NY 10472 4650320 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 8 4 0 0 2420752 2706069 400976 715211 8358 0 -630000 -81377 2200086 3339903 1270110 1430676 0 0 253012 559618 0 0 48988 647784 978656 2170906 2968950 29180 370953 5595498 16728567 3264320 14026436 2331178 2702131 X 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. 0 0 2435470 1430676 715211 EDUCATIONAL SERVICES AND POST-SECONDARY EDUCATION PREPAREDNESS FOR STUDENTS IN GRADES 9-12. 2435470 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 15 0 8 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 1143 TAYLOR AVENUE BRONX NY 10472 DAVID SWEENY BOARD CHAIR 1.00 X X 0 0 0 SARAH HAWKINS BOARD MEMBER 1.00 X 0 0 0 IAN ROWE CHIEF EXECUTIVE OFFICER 50.00 X 150000 0 0 150000 0 0 7 0 0 0 SIGNATURE CONSTRUCTION GROUP INC 160 7TH ST BROOKLYN NY 11215 CONSTRUCTION SERVICES 1459798 DBI PROJECTS LLC 1261 BROADWAY 9TH FLOOR NEW YORK NY 10001 CONSTRUCTION CONSULTING 868047 RCC HOLY FAMILY BLESSED SACRAMENT AND S 2158 WATSON AVE BRONX NY 10472 FACILITY RENT 317006 ACS INTERNATIONAL RESOURCES INC 1330 BALTIMORE PIKE CHADDS FORD PA 19317 TECHNOLOGY CONSULTING 246957 CULLEN AND DYKMAN LLP 44 WALL ST 19TH FLOOR NEW YORK NY 10005 FACILITY RENT AND SECURITY 178661 5 2706069 2706069 CHARTER MANAGEMENT FEES 611710 715211 715211 715211 1229040 1310417 -81377 -81377 -81377 3339903 633834 0 0 1430676 1430676 150000 105000 45000 353050 194050 159000 4288 1654 2250 384 52280 27531 21145 3604 11367 11367 162078 162078 3509 3509 4444 4444 24000 24000 81983 81983 3780 3780 10000 10000 153464 153464 7798 7798 REPAIRS AND MAINTENANCE 507108 507108 SUPPLIES & MATERIALS 5409 5409 PROFESSIONAL DEVELOPMEN 2030 2030 OTHER 1686 276 1410 2968950 2435470 484492 48988 648633 381432 225000 822600 190725 5400 2571495 252806 3192313 2318689 1524152 13015121 5595498 16728567 654012 447199 1000000 1000000 1610308 12579237 3264320 14026436 X 2331178 1967031 735100 2331178 2702131 5595498 16728567 370953 0 X X 0 1 X 1 0 X 1592840 2752290 2420752 2706069 9471951 1592840 2752290 2420752 2706069 9471951 120788 9351163 8358 0 8358 9480309 1116187 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 30923 136038 166961 1 X 2520495 252806 2267689 51000 51000 2318689 SECURITY DEPOSIT 200000 DUE FROM HIGH SCHOOL 1313262 OPERATING RIGHT OF USE ASSET 11501859 13015121 CASH HELD ON BEHALF OF HIGH SCHOOL 166961 LEASE LIABILITY 12412276 12579237 X 4650320 1310417 1310417 3339903 0 3339903 4279367 1310417 1310417 2968950 0 2968950 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. AS A RESULT, AN OFFSETTING LIABILITY FOR AMOUNTS DUE TO THE HIGH SCHOOL IS SHOWN AS CASH HELD ON BEHALF OF HIGH SCHOOL IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF FINANCIAL POSITION. 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 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 ORGANIZATION FILES FORM 990 TAX RETURNS IN VARIOUS JURISDICTIONS. THE ORGANIZATION'S CURRENT AND PRIOR THREE YEARS TAX RETURNS REMAIN SUBJECT TO POTENTIAL REVIEW BY TAXING AUTHORITIES. MANAGEMENT OF THE ORGANIZATION BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES 1,310,417. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES 1,310,417. 0 BRILLA COLLEGE PREPARATORY CHARTER SCHOOL 420 E 145TH ST BRONX NY 10454 813081969 158178 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 1272498 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 1000000 VERTEX PARTNERSHIP ACADEMIES INC