Overview
What is Vertex Non-Profit Holdings Inc?
Vertex Non-Profit Holdings Inc, based in Fairmont, West Virginia, serves as a subsidiary to a 501(C)(3) organization. Its primary function is to hold title to real estate properties, specifically providing rental space for both federal government tenants and the parent organization, WVHTC Foundation. Additionally, research activities are conducted in this location. The organization operates exclusively for property-related purposes, adhering to the guidelines of Section 501(C)(2) of the Internal Revenue Code.
Is Vertex Non-Profit Holdings Inc legitimate?
Vertex Non-Profit Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Vertex Non-Profit Holdings Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Vertex Non-Profit Holdings Inc?
Vertex Non-Profit Holdings Inc is a subsidiary of a 501(c)(3) organization, operating exclusively for the purpose of holding title to property, as stipulated by Section 501(c)(2) of the Internal Revenue Code. The primary function of this organization is to provide rental space to both federal government tenants and its parent organization, the WVHTC Foundation. Additionally, scientific and research activities are conducted within its premises. Essentially, Vertex Non-Profit Holdings Inc serves as a property holding entity, supporting both the government and its affiliated organization, while also facilitating research activities.
Who is the CEO of Vertex Non-Profit Holdings Inc?
Mr James L Estep is the President/Ceo of Vertex Non-Profit Holdings Inc. The CEO's salary of Vertex Non-Profit Holdings Inc is $0 and their total compensation is $301,745.
What is the revenue of Vertex Non-Profit Holdings Inc?
Vertex Non-Profit Holdings Inc's revenue in 2022 was $3,654,344.
Who are the executives of Vertex Non-Profit Holdings Inc and what are their salaries?
There 6 volunteers at Vertex Non-Profit Holdings Inc.
Here are 10 key members and their salaries (Vertex Non-Profit Holdings Inc's CEO's salary is $0 and their total compensation is $301,745):
- Compensation: $0
- Related: $281,427
- Other: $20,318
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $104,009
- Other: $18,972
- Compensation: $0
- Related: $80,515
- Other: $18,372
- Compensation: $0
- Related: $68,074
- Other: $20,081
Where can I find the form 990 for Vertex Non-Profit Holdings Inc?
Vertex Non-Profit Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vertex Non-Profit Holdings Inc
Vertex Non-Profit Holdings Inc, as a subsidiary of a 501(c)(3) organization, was established with a specific purpose. This purpose, as outlined by the Internal Revenue Code, is to hold title to real estate property. In simple terms, the organization's mission is to serve as a legal entity that owns property, with Vertex Non-Profit Holdings, Inc. specifically designated for this role within the meaning of Section 501(c)(2) of the Internal Revenue Code.
In operation, Vertex Non-Profit Holdings Inc provides rental space. This rental is not limited to any particular entity but includes tenants from the federal government and its parent organization, WVHTC Foundation. The property owned by Vertex Non-Profit Holdings, Inc. is utilized for various activities, notably scientific and research-related endeavors, conducted by the parent organization. This role of the organization in holding title to real estate property and providing rental spaces serves a crucial function in facilitating the activities of the parent organization.
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Impact
October, 2024
Vertex Non-Profit Holdings Inc has a significant impact by managing real estate that supports essential activities in its community. By holding title to properties, it provides crucial rental space to federal government tenants as well as to the WVHTC Foundation. This arrangement not only ensures efficient operations for these tenants but also fosters an environment where applied scientific and research activities can flourish.
The organization plays a vital role in improving the local community in Fairmont, West Virginia, by contributing to the infrastructure that supports innovation and research. The presence of federal tenants and research activities enhances economic development in the region, creating job opportunities and encouraging collaboration between various stakeholders. Through its mission, Vertex Non-Profit Holdings Inc directly contributes to community improvement and the promotion of scientific advancement.
This information is meant to be a general summary of Vertex Non-Profit Holdings Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $3,402,025
- Gross Receipts: $3,654,344
Assets and Liabilities:
- Total Assets: $34,844,875
- Total Liabilities: $38,987,300
- Net Assets: -$4,142,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG REL INC-RENT
Revenue
$3,387,401
PROG REL INC-CONTRACT
Revenue
$14,624
Organization Details
Founding Year
2008
Phone
(304) 333-6834Principal Officer
Mr James L Estep
Main Address
1000 GALLIHER DRIVE 8800, FAIRMONT, WV, 26554
NTEE Category
Code: S47 - Community improvement
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