IRS Form 990PF for Vertex Foundation
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2949115321712 8 7. Return of Private Foundation m- or Section 4947(a)(1) Trust Treated as Private Foundation De anmem ofme Treasury > Do not enter socIal securIty numbers on this form as It may be made publIc. Mirna, Revenue Senna; D Go to www.irs.gov/Form990PF for instructions and the latest information. I pen 0 u .5 n5 EC .0" For calendaryear 2017 or taxyear beginning OCT 11 , 2017 ,and ending DEC 31 , 2017 Name of loundaIIon A Employer identification number THE VERTEX FOUNDATION, INC. 82-3101518 Number and street (or P 0 box number It mall Is not delIvered to street address) Room/sune B Telephone number 50 NORTHERN AVENUE 617-961-5104 City or town, state or provmce, country, and ZIP 0f forelgn postal code c If exemptIon applIcatIon Is pendrng. check here > D U BOSTON, MA 02210 6 Check all that apply. lnItIal return I3 lnItIal return of a former pubIIc charIty D 1. ForeIgn organIzatIons, check here DE E] FInaI return E Amended return I3 Address change III Name change 2' SELEEggggggigiTngRngML >E] H Check type of organIzatIonz SectIon 501(c)(3) exempt prIvate foundatIon q E If prIvate toundatIon status was termInated [Z] SectIon 4947(a)(1) nonexempt charItable trust C] Other taxable prIvate foundatIon C under sectIon 507(b)(1)(A), check here D I I FaIr market value of all assets at end of year J AccountIng methodi El Cash Accrual F If the foundatIon IS In a 60-month termInatIon i (from Part II, col. (c), We 16) El Other (speCIfy) under sectIon 507(b)(1)(B), check here D b $ 6 2 4 , 6 0 2 . (Part I, column (d) must be on cash baSIs.) I Part I I Analysis 0' Revenue and Expenses (a) Revenue and (b) Net Investment (c) Ad usted net (d) Disbursements (The total of amounts In columns (b). (c), and (d) may not I i h tabl necessanly equal the amounts In column (a)) eXpenseS per DOOKS Income Income or aaaslh baglggrrflsfes ContrIbutIons, ngts, grants, etc., recered 7 0 0 , 0 0 0 . N/ A Check pm Iltheloundallon Is not requrred to attach Sch 3 interest on savmgs and temporary cash Investments #wM-h DIVIdends and Interest from securItIes 5a Gross rents b Net rental Income or (loss) 68 Net galn or (loss) from sale of assets not on [me 10 Gross sales prlce for all b assets on bus 6a 7 Casual gaIn net Income (from Part IV, Me 2) 0 u Revenue 8 Net short-term capItal gm 9 Income modIfIcatIons Gross sales less returns 103 and allowances b Less Cost of goods sold c Gross mom or (loss) @716 TM 11 Other Income Hick/Ell)! 1"; m() <11.> 0. STATEMENT l g 12 Total. Add llnes 1 thrdughmmijmfx $46 9 9 , 98 9 . 0 . 20'18 13 Compensatxon of officers. dIr'ef'tu's. wqgteleg etggr5 L1" 1 ad.) 0 o 0 a 0 o 6 14 Other employee salaneseaIIc W. wages 21%ng- ll 15 PenSIon plans, employee benetEGDEM ' T TT , 16a Legal tees wu.n.. .. M JUL b AccountIng fees c Other protessmnal fees Expenses 17 Interest 18 Taxes STMT 2 850 . 0 . 0 . 19 DepreCIatIon and depletIon .. I 20 Occupancy , , SQANNED 21 Travel, conferences, and meetIngs Administrative 22 PrIntIng and pubIIcations and 23 Otherexpenses STMT 3 30,000. 0. 30,000. 24 Total operating and administrative expenses. Add IInes 13 through 23 3 0 , 8 50 . 0 . 3 0 , 00 0 . Operating 25 ContrIbutIons, gIlts, grants pad 3 7 4 , 5 2 3 . 4 5 , 3 5 2 . 26 Total expenses and disbursements. Addllnes24glnd25 405,373. 0. 75,352. 27 Subtract Me 26 from Me 122 a Excess ol revenue over expenses and disbursements 2 9 4 , 6 l 6 . b Net investment income (It negauve. enter -0-) 0 . Awe nf neesanv enter M N/ A 723501 01.03.13 LHA For Paperwork Reduction Act Notice, see instructions AjForm 990-PF (2017) 1 N 16030510 143399 VERTEX990 2017 . 03040 THE VERTEX FOUNDATION, IN VERTEX91 7 I I . Form 990-PF (2017) THE VERTEX FOUNDATION , INC . 8 2 - 3 1 O l 5 1 8 Page 2 Attached schedules and amounts In the descrIptIon 399"]an OI year End Of year Balance Sheets column should be for endol-yearamounts only (a) Book Value (b) Book Value (c) Fall Market Value Cash - non-Interest-bearIng 6 2 4 , 6 0 2 . 6 2 4 , 6 0 2 . 2 SaVIngs and temporary cash Investments 3 Accounts recerabIe F I Less; allowance for doubtful accounts F 4 Pledges recerable F I Less; allowance for doubtful accounts F 5 Grants recerable 6 FtecerabIes due from offIcers, dIrectors, trustees, and other dIsquaIIerd persons 7 Other notes and loans recerabIe F I Lessz allowance for doubtful accounts F 8 lnventones for sale or use 9 PrepaId expenses and deferred charges Assets 10a lnvestments - U.S. and state government obIIgatIons b Investments - corporate stock I; Investments - corporate bonds 11 Investments - land.buIIdIngs,and eqmpment basIs F I L855 accumulated UEDTEClaIIOH F 12 lnvestments - mortgage loans 13 Investments - other 14 Land, buudIngs, and eqUIpment; baSlS F Less accumulated depIeCIatIon F 15 Other assets (descrIbe F ) 16 Total assets (to be completed by all New - see the g InstructIons. AlsoI see page 1I Item I) 0 . 6 2 4 , 6 0 2 . 6 2 4 , 6 0 2 . 17 Accounts payable and accrued expenses ' 18 Grants payable 3 2 9 , 1 7 1 . 19 Deferred revenue 20 Loans from officers, dIrectors, trustees, and other dIsqualIerd pasons Mortgages and other notes payable T Liabilities 22 Other lIabIlItIes (descrIbe F ) 0 . 8 50 . 23 Total liabilities (add Ilnes 17 through 22) 0 . 3 3 0 , 0 2 1 . Foundations that follow SFAS 117, check here F and complete lines 24 through 26, and lines 30 and 31. 24 UnrestrIcted 2 9 4 , 5 8 1 . 25 Temporanlyrestncted 26 Permanently restrIcted Balances Foundations that do not follow SFAS 117, check here F IZI Fund and complete lines 27 through 31. or 27 CapItal stock, trust prInCIpal, or current funds 28 PaId-In or capItal surplus, or land, bldg., and eqUIpment fund 29 Retained earnings, accumulated Income, endowment, or other funds Assets 30 Total net assets or fund balances 0 . 2 9 4 , 5 8 1 . Net g 31 Total liabilities and net assets/fund balances 0 . 6 2 4 , 6 0 2 . Part In Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at begInnIng of year - Part II, column (a), Me 30 (must agree WIth end-of-year IIgure reported on war year's return) 1 0 . 2 Enter amount from Part I, line 27a 2 2 9 4 , 6 1 6 . 3 Other Increases not Included In Me 2 (ItemIze) F 3 0 . 4 AddlInes1,2,and3 4 294,616. 5 Decreases not Included In Me 2 (ItemIze) F UNREALIZED LOSS 5 3 5 . 6 Total net assets or fund balances at end of year (Me 4 mInus Me 5) - Pa-rtholumn (b), Me 30 6 2 9 4 , 5 8 1 . Form 990-PF (2017) 723511 01-03-18 2 16030510 143399 VERTEX990 2017.03040 THE VERTEX FOUNDATION, IN VERTEX91 ' I 1 . Form egg-PF (2017) THE VERTEX FOUNDATION , INC . 8 2 - 3 1 0 1 5 1 8 Page 3 IgagtgLWI Capital Gains and Losses for Tax on Investment Income (a) LIst and descrIbe the kInd(s) of property sold (for example, real estate, (bIDIIOFI'IIECCIIIaus'ged (c? Date acquued (d) Date sold 2-story brIck warehouse; or common stock, 200 shs. MLC Co.) D - DonatIon 010-, day, YR) (mo., day, YR) 1a b NONE c d e I (f) DeprecIatIon allowed (g) Cost or other baSIs (h) GaIn or (loss) (e) Gross sa es mm (or allowable) plus expense of sale ((e) plus (f) mInus (g)) a b c d e Complete only for assets showmg mm In column (h) and owned by the foundatIon on 12/31/69. (I) GaIns (Col. (h) gaIn mInus , (1) . Adjusted baSIS (k) Excess of col. (I) co I. (k), but not less than -0-) or ('I FMV as 01 1231/69 as of 12/31/69 over col. (1), If any Losses (from col. ("II a b c d e If gaIn, also enter In Part I, We 7 2 CapItaI gaIn net Income or (net capItal loss) If (loss), enter -0- In Part I, Me 7 2 3 Net short-term capItal gaIn or (loss) as defIned In sectIons 1222(5) and (6); If gaIn, also enter In Pan I, We 8, column (c). If loss enter -0- In Part I. Me 8 3 m] 0 ualIfIcatIon Under SectIon 4940(e) for Reduced Tax on Net Investment Income (For optIonal use by domestIc prIvate foundatIons subIect to the sectIon 4940(a) tax on net Investment Income.) N/ A If sectIon 4940(d)(2) applIes, leave thIs part blank. Was the foundatIon lIable for the sectIon 4942 tax on the dIstrIbutable amount of any year In the base perIod7 CI Yes IZI No If 'Yes,' the foundatIon doesn't qualIfy under sectIon 4940(e). Do not complete thIs part. 1 Enter the appropnate amount In each column for each year; see the InstructIons before makIng any entnes. Base peIng years (b) (c) DIstrIbIIIIIIn raIIo Calendar year (or tax year begInnIng In) Adjusted qualIfyIng dIstrIbutIons Net value of noncharItabIe-use assets (col. (b) dIVIded by col. (Q) 2016 2015 2014 2013 2012 2 Total of Me 1, column (d) 2 3 Average dIstrIbutIon who for the 5-year base period - diwde the total on line 2 by 5.0, or by the number of years the foundation has been in eXIstence If less than 5 years .