BETA

VERTUS CHARTER SCHOOL: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
VERTUS CHARTER SCHOOL (EIN 46-4366962)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-02-14
IRS object ID
202520459349301702
Schema version
2023v6.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2025-02-14T13:51:20-06:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN161092347PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MENGEL METZGER BARR & CO LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 CHESTNUT STREET SUITE 1200AddressLine1Txt
CityROCHESTERCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14604ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464366962EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VERTUS CHARTER SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVERTBusinessNameControlTxt
Phone5857478911PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line121 HUMBOLDT STREETAddressLine1Txt
CityROCHESTERCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14609ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJULIE A LOCEYPersonNm
Person TitleCHIEF EDUCATION OFFICERPersonTitleTxt
Phone5857478911PhoneNum
Signature2025-02-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHELLE CAINPreparerPersonNm
PTINP00150750PTIN
Phone5854231860PhoneNum
Preparation2025-02-11PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJULIE A LOCEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line121 HUMBOLDT STREETAddressLine1Txt
CityROCHESTERCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14609ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,097,278GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.VERTUSSCHOOL.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2013FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionVERTUS 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.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee92TotalEmployeeCnt
Total Volunteers8TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,241,544PYContributionsGrantsAmt
CY Contributions Grants$1,358,508CYContributionsGrantsAmt
PY Program Service Revenue$5,867,556PYProgramServiceRevenueAmt
CY Program Service Revenue$6,539,598CYProgramServiceRevenueAmt
PY Investment Income$60,769PYInvestmentIncomeAmt
CY Investment Income$145,485CYInvestmentIncomeAmt
PY Other Revenue-$34,724PYOtherRevenueAmt
CY Other Revenue-$3,857CYOtherRevenueAmt
PY Total Revenue$7,135,145PYTotalRevenueAmt
CY Total Revenue$8,039,734CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,900,031PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,887,421CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$108,671CYTotalFundraisingExpenseAmt
PY Other Expenses$2,045,235PYOtherExpensesAmt
CY Other Expenses$2,361,844CYOtherExpensesAmt
PY Total Expenses$5,945,266PYTotalExpensesAmt
CY Total Expenses$7,249,265CYTotalExpensesAmt
PY Revenues Less Expenses$1,189,879PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$790,469CYRevenuesLessExpensesAmt
Total Assets BOY$5,046,731TotalAssetsBOYAmt
Total Assets EOY$5,016,141TotalAssetsEOYAmt
Total Liabilities BOY$2,167,252TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,346,193TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,879,479NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,669,948NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionVERTUS' MISSION IS TO PREPARE LEADERS OF CHARACTER FOR THE COMMUNITY AND THE WORKPLACE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$5,791,214ExpenseAmt
Revenue$6,530,741RevenueAmt
DescVERTUS PREPARES LEADERS OF CHARACTER FOR THE COMMUNITY AND THE WORKPLACE, THROUGH:-CAREER PREPARATION: EVERY STUDENT EARNS THE CREDENTIALS TO GET A GOOD JOB IN ADDITION TO A HIGH SCHOOL DIPLOMA. AFTER GRADUATION, EACH STUDENT CHOOSES THE PATH THAT IS RIGHT FOR HIM: COLLEGE, TECHNICAL SCHOOL, OR STARTING A CAREER. VERTUS CONTINUES TO EXPAND IT'S COLLEGE AND CAREER READINESS PROGRAM EACH YEAR; INVESTING IN THREE COUNSELORS AND MULTIPLE PROGRAMS TO HELP ENSURE POST-SECONDARY SUCCESS.-PERSONALIZED CURRICULUM: EACH STUDENT HAS AN INDIVIDUAL LEARNING PLAN TAILORED TO HIS ABILITIES AND INTERESTS AND LEARNS AT THE PACE THAT IS RIGHT FOR HIM. SEMINAR ROOMS AND LEARNING LABS REPLACE TRADITIONAL CLASSROOMS. COMMUNITY SERVICE, ROBOTICS, RECORDING STUDIO, ENTREPRENEURS CLUB, PHOTOGRAPHY, STUDENT GOVERNMENT AND SPORTS KEEP ACTIVE BOYS ENGAGED AND BUILD REAL-WORLD SKILLS.-STRONG RELATIONSHIPS: EACH STUDENT BELONGS TO A SMALL LEARNING TEAM OF 12-18 STUDENTS, LED BY A FULL-TIME PRECEPTOR, WHO KEEPS EACH YOUNG MAN ON THE RIGHT PATH AND IS RESPONSIBLE FOR THE SUCCESS OF EVERY STUDENT ON THE TEAM. CONSISTENT CONTACT WITH STUDENT'S PARENTS/GUARDIANS INCLUDING THREE FAMILY CONFERENCE NIGHTS EACH YEAR HELP ENSURE PARENTS REMAIN ENGAGED IN THEIR SON'S EDUCATION.Desc
Total Program Service Expenses$5,791,214TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document28IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee92EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AMY BRISSONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5855461840PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1280 EAST BROAD STREET SUITE 300AddressLine1Txt
CityROCHESTERCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14614ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MICHAEL MANDINA
TRUSTEE1.00Yes (X)$0$0$0
EVAN GALLINA
SECRETARY1.00Yes (X)$0$0$0Yes (X)
VICTORIA VAN VOOHIS
CHAIR1.00Yes (X)$0$0$0Yes (X)
DR CALVIN GANTT
TRUSTEE1.00Yes (X)$0$0$0
DEKEDRIAN JOHNSON
TRUSTEE1.00Yes (X)$0$0$0
SPENCER ASH
TRUSTEE1.00Yes (X)$0$0$0
JACK O'CONNELL
TREASURER1.00Yes (X)$0$0$0Yes (X)
SYLVIA DAVID-WEST
TRUSTEE - JOINED DURING YEAR1.00Yes (X)$0$0$0
JULIE LOCEY
CHIEF EDUCATION OFFICER40.00$161,377$0$12,589Yes (X)
TIMOTHY HILL
DIRECTOR OF OPERATIONS40.00$111,436$0$14,562Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$272,813TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$27,151TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line121 HUMBOLDT ST LLCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line11080 PITTSFORD-VICTOR RD SUITE 100AddressLine1Txt
CityPITTSFORDCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14534ZIPCd
FieldValueIRS element (for citing)
ServicesRENTServicesDesc
Compensation$536,000CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$953,934GovernmentGrantsAmt
All Other Contributions$404,574AllOtherContributionsAmt
Total Contributions$1,358,508TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSTATE AND LOCAL PER PUDesc
Business611600BusinessCd
Total Revenue Column$6,539,598TotalRevenueColumnAmt
Related Or Exempt Func Income$6,539,598RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$6,539,598TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$145,485TotalRevenueColumnAmt
Exclusion$145,485ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$5,000FundraisingGrossIncomeAmt
Fundraising Direct Expenses$0FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,000TotalRevenueColumnAmt
Exclusion$5,000ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$48,687GrossSalesOfInventoryAmt
Cost Of Goods Sold$57,544CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$8,857TotalRevenueColumnAmt
Related Or Exempt Func Income-$8,857RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,039,734TotalRevenueColumnAmt
Related Or Exempt Func Income$6,530,741RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$150,485ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$173,718TotalAmt
Program Services$26,058ProgramServicesAmt
Management And General$138,974ManagementAndGeneralAmt
Fundraising$8,686FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,917,975TotalAmt
Program Services$3,265,026ProgramServicesAmt
Management And General$596,772ManagementAndGeneralAmt
Fundraising$56,177FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$82,502TotalAmt
Program Services$66,002ProgramServicesAmt
Management And General$14,850ManagementAndGeneralAmt
Fundraising$1,650FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$359,970TotalAmt
Program Services$293,360ProgramServicesAmt
Management And General$56,290ManagementAndGeneralAmt
Fundraising$10,320FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$353,256TotalAmt
Program Services$286,137ProgramServicesAmt
Management And General$63,586ManagementAndGeneralAmt
Fundraising$3,533FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$15,571TotalAmt
Management And General$15,571ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$141,875TotalAmt
Management And General$141,875ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$82,164TotalAmt
Program Services$1,149ProgramServicesAmt
Management And General$80,986ManagementAndGeneralAmt
Fundraising$29FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$119,903TotalAmt
Program Services$119,419ProgramServicesAmt
Management And General$436ManagementAndGeneralAmt
Fundraising$48FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$148,223TotalAmt
Program Services$118,579ProgramServicesAmt
Management And General$26,680ManagementAndGeneralAmt
Fundraising$2,964FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$156,796TotalAmt
Program Services$125,437ProgramServicesAmt
Management And General$28,223ManagementAndGeneralAmt
Fundraising$3,136FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$556,599TotalAmt
Program Services$445,279ProgramServicesAmt
Management And General$100,188ManagementAndGeneralAmt
Fundraising$11,132FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$209,816TotalAmt
Program Services$167,853ProgramServicesAmt
Management And General$37,767ManagementAndGeneralAmt
Fundraising$4,196FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$81,851TotalAmt
Program Services$65,481ProgramServicesAmt
Management And General$14,733ManagementAndGeneralAmt
Fundraising$1,637FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
STUDENT SERVICES$418,496$418,496
SUPPLIES AND MATERIALS$191,008$188,217$2,512$279
REPAIRS AND MAINTENANCE$134,404$107,523$24,193$2,688
PROFESSIONAL DEVELOPMEN$94,333$89,636$4,227$470

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$10,805TotalAmt
Program Services$7,562ProgramServicesAmt
Management And General$1,517ManagementAndGeneralAmt
Fundraising$1,726FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$7,249,265TotalAmt
Program Services$5,791,214ProgramServicesAmt
Management And General$1,349,380ManagementAndGeneralAmt
Fundraising$108,671FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$138,324BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,446,562BOYAmt
EOY$2,910,455EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$356,775BOYAmt
EOY$194,646EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$113,993BOYAmt
EOY$159,543EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,902,334LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,223,263LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$479,865BOYAmt
EOY$679,071EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,511,212BOYAmt
EOY$1,072,426EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,046,731BOYAmt
EOY$5,016,141EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$604,061BOYAmt
EOY$275,607EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$10,182BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,553,009BOYAmt
EOY$1,070,586EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,167,252BOYAmt
EOY$1,346,193EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,679,273BOYAmt
EOY$3,471,583EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$200,206BOYAmt
EOY$198,365EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,879,479BOYAmt
EOY$3,669,948EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,046,731BOYAmt
EOY$5,016,141EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$790,469ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$490,981OtherCostOrOtherBasisAmt
Depreciation$379,202DepreciationAmt
Book Value$111,779BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$997,225OtherCostOrOtherBasisAmt
Depreciation$620,907DepreciationAmt
Book Value$376,318BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$414,128OtherCostOrOtherBasisAmt
Depreciation$223,154DepreciationAmt
Book Value$190,974BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$679,071TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
CASH IN ESCROW$100,000
RIGHT OF USE ASSETS - OPERATING$972,426
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,072,426TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLEASE LIABILITIES - OPERATINGDesc
Amt$1,070,586Amt
FieldValueIRS element (for citing)
Total Liability$1,070,586TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$8,097,278TotalRevEtcAuditedFinclStmtAmt
Other Revenue$57,544OtherRevenueAmt
Revenue Not Reported$57,544RevenueNotReportedAmt
Revenue Subtotal$8,039,734RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,039,734TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,306,809TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$57,544OtherExpensesIncludedAmt
Expenses Not Reported$57,544ExpensesNotReportedAmt
Expenses Subtotal$7,249,265ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$7,249,265TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 TAX RETURNS IN VARIOUS JURISDICTIONS AND IS SUBJECT TO POTENTIAL EXAMINATION BY TAXING AUTHORITIES. THE CHARTER SCHOOL'S CURRENT AND PRIOR THREE YEARS TAX RETURNS REMAIN SUBJECT TO REVIEW BY TAXING AUTHORITIES. MANAGEMENT OF THE CHARTER SCHOOL 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:SCHOOL STORE PURCHASES 57,544.
PART XII, LINE 2D - OTHER ADJUSTMENTS:SCHOOL STORE PURCHASES 57,544.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE SCHOOL DISSEMINATES ITS POLICY ON OUTREACH MATERIAL, APPLICATIONS AND ITS WEBSITE.
SCHEDULE E, PART I, LINE 4THE SCHOOL IS A FREE PUBLIC CHARTER SCHOOL, NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE IS OFFERED.
SCHEDULE E, PART I, LINE 6THE SCHOOL RECEIVES FEDERAL CHARTER SCHOOL PROGRAM GRANT FUNDING.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJULIE LOCEYPersonNm
TitleCHIEF EDUCATION OFFICERTitleTxt
Base Compensation Filing Org$153,877BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$7,500BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$12,589NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$173,966TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationBONUSES WERE PAID TO JULIE LOCEY AND TIMOTHY HILL DURING 2023. THESE BONUSES WERE BASED ON THE PROGRESS ON BENCHMARKS AND SCHOOL METRICS SUCH AS RENEWAL, ATTENDANCE, ENROLLMENT, STAFF AND FAMILY SATISFACTION. JULIE'S BONUS IS STRICTLY DECIDED AND APPROVED ON BY THE BOARD AT YEAR-END.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 4SIGNIFICANT CHANGES IN BYLAWS: CHIEF EDUCATION OFFICER SHALL PERFORM THE SAME DUTIES AS A CHIEF EXECUTIVE OFFICER WOULD PERFORM. SUB COMMITTEES OF THE BOARD HAVE BEEN RESTRUCTURED AND SHALL HAVE THE AUTHORITY TO BIND THE CORPORATION AND SHALL COMPRISED SOLELY OF TRUSTEES WHO ARE ELECTED BY A MAJORITY OF THE ENTIRE BOARD. ADDITION OF ALLOWING VIDEO PARTICIPATION IN BOARD MEETINGS. CLARIFICATION OF REMOVAL OF BOARD MEMBERS AND FILLING THEIR VACANCIES. ADD SPECIFIC LANGUAGE THAT THE BOARD SHALL NOT AUTHORIZE ANY GRANTS, CONTRIBUTIONS, LOANS, OR ANY OTHER FORM OF FINANCIAL ASSISTANCE TO ANY TRUSTEE, OFFICER OR EMPLOYEE OF THE CORPORATION.
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 12CANNUALLY 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 15THE 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 19THESE DOCUMENTS ARE LOCATED AT THE SCHOOL AND ARE AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2CTHE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.

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