2026-05-14T13:26:49-04:00 2025-06-30 030280081 JMM & ASSOCIATES PC 463 MOUNTAIN VIEW DR STE 403 COLCHESTER VT 05446 990 2024-07-01 030350587 THE SHARON ACADEMY INC SHAR 8027632500 PO BOX 207 SHARON VT 05065 MARY NEWMAN HEAD OF SCHOOL 8027632500 2026-05-14 true false AMITY BAKER CPA P01816733 8026555665 2026-05-14 2024 2025-03-06 01:10:19Z MARY NEWMAN PO BOX 207 SHARON VT 05065 4584093 false X WWW.SHARONACADEMY.ORG X 1996 VT EDUCATION GRADES 7-12 13 13 63 50 0 190102 1253794 2883263 3051154 39819 78835 0 3113184 4383783 84175 36579 0 2409101 2359549 0 97726 895764 1109306 3389040 3505434 -275856 878349 4902855 7607179 559056 2275790 4343799 5331389 X THE SHARON ACADEMY IS AN INDEPENDENT MIDDLE AND HIGH SCHOOL WHERE STUDENTS ARE KNOWN, VALUED, AND CHALLENGED. THE MISSION OF THE SHARON ACADEMY IS TO NURTURE INTELLIGENT, INDEPENDENT AND CREATIVE THINKING IN A SMALL SCHOOL COMMUNITY, AWAKENING STUDENTS TO THEIR IMMENSE POTENTIAL AND DIFFERENCE THEY CAN MAKE IN THE WORLD. false false 2640079 36579 3051154 THE SHARON ACADEMY (TSA) CAN BEST BE DESCRIBED AS A TOWN ACADEMY IN RURAL SHARON, VT, THAT OFFERS THE MANY ADVANTAGES OF A SMALL SCHOOL ENVIRONMENT. FOUNDED IN 1996, TSA IS AN INDEPENDENT MIDDLE SCHOOL AND HIGH SCHOOL WITH A TOTAL DAY STUDENT POPULATION OF APPROXIMATELY 160. STUDENTS COME FROM 20 SURROUNDING TOWNS AND 85% OF OUR STUDENT BODY IS PUBLICLY FUNDED. WE EMPHASIZE ACADEMIC RIGOR, PERSONAL RESPONSIBILITY, INDEPENDENT LEARNING, ACCESS TO AUTHENTIC LEADERSHIP OPPORTUNITIES, TEAMWORK, AND COMMUNICATION SKILLS ACROSS THE CURRICULUM. OUR HYBRID OF PUBLIC AND PRIVATE EDUCATION SETS HIGH ACADEMIC STANDARDS. THE GOAL AT TSA IS TO HELP STUDENTS DEEPEN THEIR INTELLECTUAL, ETHICAL, EMOTIONAL, ARTISTIC, AND PHYSICAL SELVES. HERE WE VALUE ALL STUDENTS AS THEY DEFINE THEMSELVES AND WILL CHALLENGE EACH STUDENT TO MEET THEIR POTENTIAL THROUGH THE DISCOVERY OF NEW IDEAS, SKILLS, AND POINTS OF VIEW. STUDENTS ARE EXPLICITLY TAUGHT TO FIND THEIR VOICE AND TO ADVOCATE FOR THEMSELVES. THE MISSION OF THE SHARON ACADEMY IS TO NURTURE INTELLIGENT, INDEPENDENT, AND CREATIVE THINKING IN A SMALL SCHOOL COMMUNITY, AWAKENING STUDENTS TO THEIR IMMENSE POTENTIAL AND THE DIFFERENCE THEY CAN MAKE IN THE WORLD. FOR MORE INFORMATION VISIT: SHARONACADEMY.ORG 2640079 true true false false false false false false false true true false false false true true true false true false false false false false false false false false true false false false false false false false true false false false false false false false false false false true 24 0 true 63 true false false false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true true false X X MARY NEWMAN 8027632500 PO BOX 207 SHARON VT 05065 MARY NEWMAN HEAD OF SCHO 60.00 X 105541 0 33187 TANYA SWETT PRESIDENT 5.00 X X 0 0 0 DEE GISH VICE PRESIDE 5.00 X X 0 0 0 PHILIP LAPP TREASURER 1.00 X X 0 0 0 KYLIE EASTMAN SECRETARY 1.00 X X 0 0 0 STEPHEN FARRINGTON TRUSTEE 1.00 X 0 0 0 TULIO BROWNING TRUSTEE 1.00 X 0 0 0 TRISHA WATSON TRUSTEE 1.00 X 0 0 0 JAZMIN GUYETTE TRUSTEE 1.00 X 0 0 0 ASHLEY PATTON TRUSTEE 1.00 X 0 0 0 JULIE GROPPE TRUSTEE 1.00 X 0 0 0 KATYE REED TRUSTEE 1.00 X 0 0 0 CORA SWANBERG TRUSTEE 1.00 X 0 0 0 ERIK SKARSTEN TRUSTEE 1.00 X 0 0 0 KEN WRIGHT TRUSTEE (NON 1.00 X 0 0 0 105541 33187 1 false false false CONNOR CONTRACTING INC 1100 US ROUTE 2 BERLIN VT 05602 CONSTRUCTION 515313 1 1063227 190567 1253794 TUITION & FEES 611710 2952607 2952607 PROGRAM REVENUES 611710 98547 98547 3051154 45525 45525 233620 200310 33310 33310 33310 4383783 3084464 45525 36579 36579 156292 148477 7815 1769472 1530596 234277 4599 32857 28917 3882 58 252574 230171 22387 16 148354 120074 27442 838 550 550 133905 133905 5307 5307 103211 103211 42764 16259 26392 113 39868 32268 7375 225 150525 145624 4901 52129 50880 1249 9638 416 9222 27173 23940 3233 115814 112340 3474 75739 57442 18297 PROGRAM ACTIVITIES 188722 188722 DEVELOPMENT COSTS 90935 15934 75001 ATHLETIC ACTIVITIES 49917 49917 BAD DEBT EXPENSE 13547 13547 9562 501 9061 3505434 2640079 767629 97726 409576 240373 864614 476081 15000 5000 111720 343228 2765 7181760 2047121 2139096 5134639 1276453 1348670 86396 56423 4902855 7607179 275131 298262 550 11450 196979 1910000 86396 56078 559056 2275790 X 2794242 4713277 1549557 618112 4343799 5331389 4902855 7607179 X 878349 44241 65000 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 379008 43653 9000 413661 351732 36276 9000 379008 341840 18892 9000 351732 399100 -49260 8000 341840 312226 86874 399100 0.50810 0.21120 0.28070 false false 317940 317940 5964589 1365956 4598633 475664 403614 72050 389043 277551 111492 34524 34524 5134639 OPERATING LEASE LIABILITY 56078 56078 X 4451138 44241 65000 109241 4341897 5307 36579 41886 4383783 3463548 3463548 5307 36579 41886 3505434 SCHEDULE D, PAGE 2, PART V, LINE 4 THE ACADEMY'S ENDOWMENT CONSISTS OF GIFTS RESTRICTED BY DONORS AND GENERAL ASSETS WITHOUT RESTRICTIONS DESIGNATED BY MANAGEMENT AND THE BOARD OF TRUSTEES AS SPECIAL PURPOSE FUNDS FOR LONG-TERM SUPPORT OF THE ACADEMY'S ACTIVITIES, TOGETHER WITH THE ACCUMULATED INVESTMENT RETURN ON THESE ASSETS. THE ACADEMY FOLLOWS VERMONT STATE STATUES, SPECIFICALLY THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) AND ITS OWN GOVERNING DOCUMENTS, IN PARTICULAR THE TSA INVESTMENT POLICY. THE ACADEMY CLASSIFIES AS NET ASSETS WITH PERPETUAL DONOR RESTRICTIONS (A) THE ORIGINAL VALUE OF THE GIFTS DONATED TO THE PERPETUAL ENDOWMENT, (B) THE ORIGINAL AMOUNT OF SUBSEQUENT GIFTS TO THE PERPETUAL ENDOWMENT AND (C)ACCUMULATIONS TO THE PERPETUAL ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME ACCUMULATION IS ASSESSED TO THE FUND. THE ACADEMY HAS ADOPTED THE TSA INVESTMENT POLICY, WHICH SPECIFIES INVESTMENT AND SPENDING GUIDELINES FOR INSTITUTIONAL INVESTMENTS, INCLUDING ENDOWMENT FUND ASSETS. THE TSA INVESTMENT POLICY STATES, WITH RESPECT TO THE TSA ENDOWMENT FUND: "THE PRIMARY OBJECTIVES TO CONSIDER WHEN INVESTING THE ENDOWMENT FUND ARE LONG TERM GROWTH IN FUND ASSETS AND THE GENERATION OF INCOME TO SUPPORT ENDOWMENT PURPOSES AND PRESERVE ENDOWMENT PURCHASING POWER. "IT FURTHER SPECIFIES: "AN ANNUAL DRAW FROM THE ENDOWMENT FUND SHALL SUPPORT SCHOOL OPERATIONS", BEING NO MORE THAN THE LESSER OF 3.00% OF THE ENDOWMENT FUND AS OF (I) DECEMBER 31 OR (II) MARCH 31 OF THE FISCAL YEAR. ANY OTHER DRAW FROM THE ENDOWMENT FUND SHALL REQUIRE A BOARD VOTE."TO SATISFY ITS LONG-TERM INVESTMENT OBJECTIVES, THE INVESTMENT POLICY OUTLINES A TOTAL RETURN STRATEGY FOR THE ENDOWMENT IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE INVESTMENT POLICY ESTABLISHES A DIVERSIFIED ASSET ALLOCATION, WITH TARGET ALLOCATION RANGES FOR U.S. DOMESTIC STOCKS, INTERNATIONAL STOCKS, REAL ESTATE INVESTMENTS TRUSTS, FIXED INCOME AND CASH. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR OR THE UNIFORM PRUDENT MANAGEMENT INSTITUTIONAL FUNDS ACT (UPMIFA)REQUIRES THE ACADEMY TO RETAIN AS A FUND OF PERPETUAL DURATION. NO SUCH EFICIENCIES OF THIS NATURE EXISTED AS OF JUNE 30, 2024 AND 2023. WHEN SUCH DEFICIENCIES EXIST, THEY ARE THE RESULT OF UNFAVORABLE MARKET FLUCTUATIONS THAT OCCUR AFTER THE INVESTMENT OF NEW CONTRIBUTIONS FOR DONOR-RESTRICTED ENDOWMENT FUNDS AND CONTINUED APPROPRIATION FOR CERTAIN PROGRAMS THAT IS DEEMED PRUDENT BY THE BOARD OF TRUSTEES. THE ACADEMY HAS A POLICY TO PERMIT SPENDING FROM UNDERWATER ENDOWMENT FUNDS CONSISTENT WITH ITS SPENDING POLICY AS OUTLINED ABOVE. SCHEDULE D, PAGE 3, PART X THE SHARON ACADEMY BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. AS A RESULT, THE SCHOOL HAS NOT RECORDED ANY LIABILITY FOR UNCERTAIN TAX POSITIONS. SCHEDULE D, PAGE 4, PART XI, LINE 4B TUITION ASSISTANCE 36,579 SCHEDULE D, PAGE 4, PART XII, LINE 4B TUITION ASSISTANCE 36,579 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 ADVERTISING FOR TEACHING POSITIONS INDICATE SHARON ACADEMY IS AN EQUAL OPPORTUNITY EMPLOYER STUDENT ENROLLMENT FORMS INCLUDE STATEMENT THAT THE ACADEMY IS RACIALLY NONDISCRIMINATORY. SCHEDULE E, LINE 6 TUITION FOR MANY STUDENTS IS PAID BY THEIR LOCAL SCHOOL DISTRICT. false FINANCIAL AID 4 36579 SCHEDULE I, PAGE 1, PART I, LINE 2 THE ACADEMY IMMEDIATELY APPLIES THE NEED BASED GRANT AWARD TO THE TUITION BALANCE. THE NAME AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT THE ACADEMY'S BUSINESS OFFICE. CARL GROPPE TRUSTEE SPOUSE 64460 IT DIRECTOR false PHILIP LAPP TREASURER 72127 CONSULTING false SCHEDULE L, PART V CARL GROPPE IS EMPLOYED BY THE ACADEMY AS THE IT DIRECTOR AND IS ALSO THE SPOUSE OF A MEMBER OF THE BOARD OF TRUSTEES. PHILIP LAPP IS A PARTNER AT GALLAGHER, FLYNN & COMPANY THAT THE ACADEMY ENGAGED AND PAID FOR CONSULTING SERVICES. FORM 990 - ORGANIZATION'S MISSION THE SHARON ACADEMY IS AN INDEPENDENT MIDDLE AND HIGH SCHOOL WHERE STUDENTS ARE KNOWN, VALUED, AND CHALLENGED. THE MISSION OF THE SHARON ACADEMY IS TO NURTURE INTELLIGENT, INDEPENDENT AND CREATIVE THINKING IN A SMALL SCHOOL COMMUNITY, AWAKENING STUDENTS TO THEIR IMMENSE POTENTIAL AND DIFFERENCE THEY CAN MAKE IN THE WORLD. FORM 990, PAGE 2, PART III, LINE 4A THE SHARON ACADEMY (TSA) CAN BEST BE DESCRIBED AS A TOWN ACADEMY IN RURAL SHARON, VT, THAT OFFERS THE MANY ADVANTAGES OF A SMALL SCHOOL ENVIRONMENT. FOUNDED IN 1996, TSA IS AN INDEPENDENT MIDDLE SCHOOL AND HIGH SCHOOL WITH A TOTAL DAY STUDENT POPULATION OF APPROXIMATELY 160. STUDENTS COME FROM 20 SURROUNDING TOWNS AND 85% OF OUR STUDENT BODY IS PUBLICLY FUNDED. WE EMPHASIZE ACADEMIC RIGOR, PERSONAL RESPONSIBILITY, INDEPENDENT LEARNING, ACCESS TO AUTHENTIC LEADERSHIP OPPORTUNITIES, TEAMWORK, AND COMMUNICATION SKILLS ACROSS THE CURRICULUM. OUR HYBRID OF PUBLIC AND PRIVATE EDUCATION SETS HIGH ACADEMIC STANDARDS. THE GOAL AT TSA IS TO HELP STUDENTS DEEPEN THEIR INTELLECTUAL, ETHICAL, EMOTIONAL, ARTISTIC, AND PHYSICAL SELVES. HERE WE VALUE ALL STUDENTS AS THEY DEFINE THEMSELVES AND WILL CHALLENGE EACH STUDENT TO MEET THEIR POTENTIAL THROUGH THE DISCOVERY OF NEW IDEAS, SKILLS, AND POINTS OF VIEW. STUDENTS ARE EXPLICITLY TAUGHT TO FIND THEIR VOICE AND TO ADVOCATE FOR THEMSELVES. THE MISSION OF THE SHARON ACADEMY IS TO NURTURE INTELLIGENT, INDEPENDENT, AND CREATIVE THINKING IN A SMALL SCHOOL COMMUNITY, AWAKENING STUDENTS TO THEIR IMMENSE POTENTIAL AND THE DIFFERENCE THEY CAN MAKE IN THE WORLD. FOR MORE INFORMATION VISIT: SHARONACADEMY.ORG FORM 990, PAGE 6, PART VI, LINE 11B THE FINANCE COMMITTEE REVIEWS THE FORM 990 FOR ACCURACY AND APPROVES IT BEFORE ITS FILING DEADLINE. THE FINANCE COMMITTEE THEN REPORTS ITS FINDINGS ON THE FORM 990 TO THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES PROVIDE THE CHAIRPERSON WITH A LIST OF BUSINESSES AND NONPROFIT ORGANIZATIONS WITH WHICH EACH INDIVIDUAL IS AFFILIATED. IT IS THE RESPONSIBILITY OF ALL TRUSTEES TO DISCLOSE ANY DISQUALIFYING RELATIONSHIP WITH ANY PROPOSED TRANSACTIONS AND TO ABSTAIN FROM DISCUSSING, VOTING ON, OR OTHERWISE ATTEMPTING TO INFLUENCE THE DECISION ON THE PROPOSED ACTION. THE TRUSTEES MAY PROVIDE INFORMATION IF REQUESTED TO DO SO. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD DETERMINES THE HEAD OF SCHOOL'S COMPENSATION. THE HEAD OF SCHOOL IS REPSONSIBLE FOR SETTING THE REMAINING EMPLOYEES COMPENSATION WHICH IS INLCUDED IN THE BUDGET APPROVED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE SALARY FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL DETERMINES THE SALARIES FOR ALL OTHER EMPLOYEES. FACULTY SALARIES AT INITIAL HIRING ARE GUIDED BY A MATRIX THAT TAKES INTO ACCOUNT EDUCATION AND YEARS OF EXPERIENCE. ANNUAL SALARY INCREASES ARE RECOMMENDED BY THE HEAD OF SCHOOL TO THE BOARD OF TRUSTEES FOR APPROVAL. TRADITIONALLY THOSE RECOMMENDATIONS HAVE BEEN MADE FOR FACULTY AND STAFF AS WHOLE GROUPS, RATHER THAN ON THE INDIVIDUAL LEVEL. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 TUITION ASSISTANCE -36,579 TUITION ASSISTANCE 36,579