Overview
What is Vertex Partnership Academies Inc?
Vertex Partnership Academies Inc, based in Bronx, New York, is a distinguished nonprofit organization dedicated to providing educational services and post-secondary education preparation for students in grades 9-12. Their mission, unique in nature, aims to establish a network of character-driven International Baccalaureate public charter high schools. This network prioritizes equity, individual dignity, and our shared humanity. By embracing a culture of democratic discourse guided by the four cardinal virtues, Vertex Partnership Academies Inc fosters an environment that encourages the development of its students in line with the ten attributes of the International Baccalaureate Program learner profile. With a minimal workforce of four individuals, this organization is committed to shaping the future of its students through a rigorous and holistic educational approach.
Official website here: www.vertexacademies.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Vertex Partnership Academies Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 83% in the Accountability & Finance category. This rating is entirely based on their financial practices, showcasing the organization's commitment to transparency and responsible management of resources. The high marks for independent board membership and the absence of asset diversion highlight strong governance.
The organization excels in various financial accountability metrics, including a program expense ratio of 66.20%, indicating that a significant portion of its funds is directed towards its educational programs. Additionally, they have demonstrated effective financial oversight through the establishment of an Audit and Oversight Committee, yielding full points in that category. Their operational strategies, such as having a favorable working capital ratio, further underscore the nonprofit's financial health.
However, there are areas for potential improvement, particularly concerning the independent board size, which negatively impacts their overall score. The fundraising efficiency ratio was also noted to be relatively low, suggesting that there may be challenges in generating funds efficiently. Overall, while Vertex Partnership Academies Inc shows promise and accountability, addressing these limitations could enhance their operational effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Vertex Partnership Academies Inc legitimate?
Vertex Partnership Academies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vertex Partnership Academies 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: $150,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,852
For more financial information, click here
Official website here: www.vertexacademies.org
What is the mission statement of Vertex Partnership Academies Inc?
Vertex Partnership Academies Inc aims to establish a unique network of high schools, following the International Baccalaureate curriculum. This network is committed to promoting equality of opportunity, respecting individual dignity, and fostering a sense of common humanity. The academies encourage a culture of democratic discourse, guided by the four cardinal virtues of courage, justice, temperance, and wisdom. Through various educational methods such as Socratic seminars, study groups, and academic rituals, students are expected to adopt the ten attributes that define the International Baccalaureate Program's learner profile.
Official website here: www.vertexacademies.org
Who is the CEO of Vertex Partnership Academies Inc?
Ian Rowe is the CEO of Vertex Partnership Academies Inc The CEO's salary of Vertex Partnership Academies Inc is $150,000 and their total compensation is $150,000.
Official website here: www.vertexacademies.org
What is the revenue of Vertex Partnership Academies Inc?
Vertex Partnership Academies Inc's revenue in 2023 was $2,200,086.
Official website here: www.vertexacademies.org
Who are the executives of Vertex Partnership Academies Inc and what are their salaries?
The average compensation at Vertex Partnership Academies Inc during 2023 was $57,713. There are 4 employees and 4 volunteers at Vertex Partnership Academies Inc.
Here are 6 key members and their salaries (Vertex Partnership Academies Inc's CEO's salary is $150,000 and their total compensation is $150,000):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $150,000
- Related: $0
- Other: $0
- Compensation: $113,050
- Related: $0
- Other: $0
Official website here: www.vertexacademies.org
Where can I find the form 990 for Vertex Partnership Academies Inc?
Vertex Partnership Academies Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vertexacademies.org
Learn more at the official website: www.vertexacademies.org
Mission Statement of Vertex Partnership Academies Inc
Vertex Partnership Academies Inc is dedicated to establishing a unique network of public charter high schools, focusing on equality of opportunity, individual dignity, and our shared humanity. The organization's mission is centered around immersing students in a culture of democratic discourse, guided by the four cardinal virtues of courage, justice, temperance, and wisdom. Through various educational methods such as Socratic seminars, study groups, academic rituals, and individual and collective assignments, each student scholar at Vertex Partnership Academies Inc is expected to embody the ten attributes that define the International Baccalaureate Program learner profile. The ultimate goal is to foster well-rounded individuals who are equipped with the necessary skills to contribute positively to society.
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Impact
July, 2024
Vertex Partnership Academies Inc's impact lies in its innovative approach to education, aiming to establish a network of character-based, International Baccalaureate public charter high schools dedicated to equality of opportunity, individual dignity, and our common humanity. By providing educational services and post-secondary education preparedness for students in grades 9-12, this organization in Bronx, NY, is shaping the next generation of young scholars. Through a culture of democratic discourse guided by the cardinal virtues of courage, justice, temperance, and wisdom, students are encouraged to adopt the attributes of the International Baccalaureate program learner profile. This unique model not only enhances academic excellence but also fosters personal growth and critical thinking skills essential for success in today's world.
This information is meant to be a general summary of Vertex Partnership Academies 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 2023.
- Investment Income: $8,358
- Program Service Revenue: $400,976
- Gross Receipts: $3,400,086
Assets and Liabilities:
- Total Assets: $2,937,276
- Total Liabilities: $635,278
- Net Assets: $2,301,998
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARTER MANAGEMENT FEES
Revenue
$400,976
Organization Details
Founding Year
2019
Principal Officer
Ian Rowe
Website
www.vertexacademies.orgNTEE Category
Code: B02 - Education
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