2024-05-15T15:25:08-05:00 2023-06-30 921397405 TSS ADVISORS LLC 19 MORGAN DRIVE LEBANON NH 03766 990 2022-07-01 030179600 VERMONT ACADEMY VERM 8028696200 PO BOX 500 SAXTONS RIVER VT 05154 MATT EMSLEY HEAD OF OPERATIONS 8028696200 2024-05-15 1 MATT EMSLEY 999009999 0 KYLE M POTTER CPA P02269785 6036530044 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATT EMSLEY PO BOX 500 SAXTONS RIVER VT 05154 15199145 0 X VERMONTACADEMY.ORG X 1876 VT WE ARE DEVOTED TO CREATING CONFIDENT AND INDEPENDENT LEARNERS THROUGH PERSONAL ATTENTION IN A UNIQUE VERMONT ENVIRONMENT. WE BELIEVE IN OUR STUDENTS AND IN THEIR CAPACITY TO LEARN AND DEVELOP INTO RESPONSIBLE, SELF-DISCIPLINED ADULTS. OUR FACULTY AND STAFF ARE COMMITTED TO HELPING STUDENTS DISCOVER THEIR INDIVIDUAL TALENTS AND DEVELOP THE CHARACTER, STRENGTH, AND SKILLS TO MEET THE CHALLENGES IN THEIR LIVES. 19 19 123 8 0 0 1704618 2249656 8410902 12872668 61303 64041 -69421 -80080 10107402 15106285 5563553 6463811 0 0 6088115 6247627 0 0 687250 3428714 3388036 15080382 16099474 -4972980 -993189 24019233 24585152 5070623 6629731 18948610 17955421 TO PROVIDE A SUPPORTIVE COMMUNITY AND CLOSE PERSONAL ATTENTION TO ITS STUDENTS, VERMONT ACADEMY DEVELOPS CONFIDENT, ACTIVE LEARNERS AND RESPECTFUL CITIZENS. 0 0 13445230 6463811 12872668 VERMONT ACADEMY IS A PRIVATE BOARDING AND DAY SCHOOL PROVIDING A BROAD CURRICULUM AND AN EXTENSIVE ATHLETIC PROGRAM. PROGRAMS OF NOTE ARE FOUND IN THE CENTER FOR LEARNING, THE ARTS, AND IN OUR SCIENCE AND ENGINEERING CURRICULUM. 13445230 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 36 0 1 123 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 VT X THE ORGANIZATION 8028696200 PO BOX 500 SAXTONS RIVER VT 05154 MICHEAL CHOUKAS TRUSTEE 1.00 X 0 0 0 AMY HOWARD SECRETARY 1.00 X X 0 0 0 JEREMY HERBERT TREASURER 1.00 X X 0 0 0 CHRIS COTA CHAIR 1.00 X X 0 0 0 DAVID HOLTON TRUSTEE 1.00 X 0 0 0 WILLIAM HOSLEY TRUSTEE 1.00 X 0 0 0 LINDA SAARNIJOKI VICE CHAIR 1.00 X X 0 0 0 TYLOR TREGELLAS TRUSTEE 1.00 X 0 0 0 LISA BIRMINGHAM TRUSTEE 1.00 X 0 0 0 AMBER DIPASQUALE TRUSTEE 1.00 X 0 0 0 CATHY MCDERMOTT TRUSTEE 1.00 X 0 0 0 TODD ORMISTON TRUSTEE 1.00 X 0 0 0 THOMAS CAPASSE TRUSTEE 1.00 X 0 0 0 JAYSON DUNBAR TRUSTEE 1.00 X 0 0 0 JENNIFER PALMIOTTO TRUSTEE 1.00 X 0 0 0 MARY LIBUTTI TRUSTEE 1.00 X 0 0 0 JEANLISS SANCHEZ TRUSTEE 1.00 X 0 0 0 SHAWNE ROBINSON TRUSTEE 1.00 X 0 0 0 DIANE WILDER TRUSTEE 1.00 X 0 0 0 JENNIFER ZACCARA HEAD OF SCHOOL 40.00 X 220900 0 53238 MATTHEW EMSLEY CFO AS OF JULY 2022 40.00 X 71874 0 42315 292774 0 95553 1 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 1144562 1 2249656 64557 2249656 TUITION 611710 12405046 12405046 PROGRAM SUPPORTING REV 611710 447731 447731 SUMMER PROGRAM REV. 611710 19891 19891 12872668 64041 64041 10350 0 10350 10350 10350 2430 92860 -90430 -90430 15106285 12872668 0 -16039 6463811 6463811 503177 503177 4641672 3680195 548916 412561 822844 647841 102378 72625 279934 203021 54154 22759 56952 56952 15730 15730 268769 171532 90645 6592 140670 62125 78545 83322 41414 26532 15376 77821 77821 903900 870727 26213 6960 206595 169765 20009 16821 20688 20688 261589 255 261334 REPAIRS AND MAINTENANCE 526944 507701 15192 4051 SUPPLIES AND SMALL EQUI 330518 193001 127094 10423 EDUCATION PROGRAMS 285947 285947 NOT OTHERWISE CLASSIFIE 110951 13871 56543 40537 97640 97640 16099474 13445230 1966994 687250 133231 882166 140718 175718 353883 112770 112769 483309 466274 27070202 17881517 9035782 9188685 11017906 11017906 2741634 2741634 24019233 24585152 1207165 2813310 18292 18291 2188670 2142134 1656496 1655996 5070623 6629731 X 1544612 551423 17403998 17403998 18948610 17955421 24019233 24585152 -993189 0 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 10746829 10746829 11320809 45308 619288 10746829 11320809 11320809 12083142 106063 527499 1395895 11320809 12396282 336648 722590 1372378 12083142 0 0 316624 316624 21776091 13756517 8019574 1685725 1400000 285725 3249762 2725000 524762 42000 42000 9188685 BENEFICIAL INTEREST IN PERPETUAL TRUST 2543813 BENEFICIAL INTEREST IN SPLIT-INTEREST AGREEMENTS 197371 SECURITY DEPOSITS 450 2741634 SPLIT-INTEREST ANNUITIES 198701 LEASE OBLIGATION 992 FACULTY DEPOSITS 6303 LINE OF CREDIT 1450000 1655996 X PART V, LINE 4: MOST FUNDS THAT ARE SPECIFICALLY DIRECTED ARE DIRECTED TO FINANCIAL AID/SCHOLARSHIP AND THOSE FUNDS ARE USED FOR FINANCIAL AID SCHOLARSHIP. FINALLY ANY UNSPECIFIED FUNDS ARE USED FOR GENERAL SUPPORT OF THE SCHOOL AND GENERALLY WOULD BE CONSIDERED TO HAVE BEEN SPENT ON FINANCIAL AID FOR WHICH THE SCHOOL SPENDS APPROXIMATELY $3,000,000 PER YEAR. PART X, LINE 2: ASC SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORE-LIKELY-THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. THE ACADEMY HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS. THE ACADEMY BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS FOR YEARS PRIOR TO 2019. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 VERMONT ACADEMY'S NON-DISCRIMINATION POLICY IS PUBLISHED IN SCHOOL LITERATURE, MAGAZINE ADVERTISING, AND THE BOSTON GLOBE. 1 FINANCIAL AID 177 FMV SUBSIDIZED TUITION, PROGRAM FEES, AND BOARD. PART I, LINE 2: TUITION SUBSIDY IS CREDITED DIRECTLY AGAINST THE STUDENTS ACCOUNT AND AWARDED ANNUALLY BASED UPON DEMONSTRATED NEED AS WELL AS GOOD ACADEMIC AND SOCIAL STANDING. FINANCIAL AID FORMS ALONG WITH TAX RETURNS AND ALL SUPPORTING DOCUMENTS ARE REQUIRED TO BE SUBMITTED FOR SUBSIDY CONSIDERATION. SCHEDULE I THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT THE BUSINESS OFFICE. X X 1 1 X X 0 0 0 0 0 0 0 0 0 JENNIFER ZACCARA HEAD OF SCHOOL 220900 0 0 0 0 0 0 0 53238 0 274138 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO THE ACADEMY'S HEADMASTER. X 3 64557 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 15A THE CFO'S SALARY IS SET BY THE HEAD OF SCHOOL. THE HEAD OF SCHOOL'S SALARY IS SET BY THE BOARD OF TRUSTEES AFTER A COMMITTEE REVIEW AND RECOMMENDATION. FORM 990, PART VI, SECTION C, LINE 19 A REQUEST FOR THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS SHOULD BE MADE TO THE BUSINESS OFFICE.