SHARON ACADEMY: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: SHARON ACADEMY (EIN 03-0350587)
Tax period: 2021-07-01 to 2022-06-30
Filed: 2023-05-12
IRS object ID: 202301329349308805
Schema version: 2021v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule I
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-05-12T15:59:56-05:00	ReturnTs
Tax Period End	2022-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	020476956	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	TYLER SIMMS & ST SAUVEUR CPAS PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	19 MORGAN DRIVE	AddressLine1Txt
City	LEBANON	CityNm
State Abbreviation	NH	StateAbbreviationCd
ZIP	03766	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2021-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	030350587	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE SHARON ACADEMY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SHAR	BusinessNameControlTxt
Phone	8027632500	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 207	AddressLine1Txt
City	SHARON	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05065	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MARY NEWMAN	PersonNm
Person Title	HEAD OF SCHOOL	PersonTitleTxt
Phone	8027632500	PhoneNum
Signature	2023-05-02	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	MARY	PersonFirstNm
Person Last	NEWMAN	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JAMES N GODFREY CPA	PreparerPersonNm
PTIN	P00913422	PTIN
Phone	6036530044	PhoneNum
Preparation	2023-05-02	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MARY NEWMAN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 207	AddressLine1Txt
City	SHARON	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05065	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$3,289,413	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.SHARONACADEMY.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1996	FormationYr
Legal Domicile State	VT	LegalDomicileStateCd
Activity Or Mission	EDUCATION GRADES 7-12	ActivityOrMissionDesc
Voting Members Governing Body	13	VotingMembersGoverningBodyCnt
Voting Members Independent	13	VotingMembersIndependentCnt
Total Employee	59	TotalEmployeeCnt
Total Volunteers	45	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,034,827	PYContributionsGrantsAmt
CY Contributions Grants	$560,619	CYContributionsGrantsAmt
PY Program Service Revenue	$2,631,945	PYProgramServiceRevenueAmt
CY Program Service Revenue	$2,595,611	CYProgramServiceRevenueAmt
PY Investment Income	$44,888	PYInvestmentIncomeAmt
CY Investment Income	$65,123	CYInvestmentIncomeAmt
PY Other Revenue	-$1,748	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$3,709,912	PYTotalRevenueAmt
CY Total Revenue	$3,221,353	CYTotalRevenueAmt
PY Grants And Similar Paid	$48,699	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$109,473	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$2,207,965	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$2,137,236	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$120,036	CYTotalFundraisingExpenseAmt
PY Other Expenses	$646,319	PYOtherExpensesAmt
CY Other Expenses	$711,746	CYOtherExpensesAmt
PY Total Expenses	$2,902,983	PYTotalExpensesAmt
CY Total Expenses	$2,958,455	CYTotalExpensesAmt
PY Revenues Less Expenses	$806,929	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$262,898	CYRevenuesLessExpensesAmt
Total Assets BOY	$4,760,404	TotalAssetsBOYAmt
Total Assets EOY	$4,759,677	TotalAssetsEOYAmt
Total Liabilities BOY	$583,853	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$520,996	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$4,176,551	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$4,238,681	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
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 THE DIFFERENCE THEY CAN MAKE IN THE WORLD.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$2,425,710	ExpenseAmt
Grant	$109,473	GrantAmt
Revenue	$2,595,611	RevenueAmt
Desc	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	Desc
Total Program Service Expenses	$2,425,710	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (1)	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	12	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	59	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	13	GoverningBodyVotingMembersCnt
Independent Voting Member	13	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MARY NEWMAN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8027632500	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 207	AddressLine1Txt
City	SHARON	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05065	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
STEPHEN FARRINGTON
TRUSTEE	1.00	Yes (X)	$0	$0	$0
SPERRY WILSON
PRESIDENT	5.00	Yes (X)	$0	$0	$0	Yes (X)
TULIO BROWNING
TRUSTEE	1.00	Yes (X)	$0	$0	$0
REBECCA FOULK
TRUSTEE	1.00	Yes (X)	$0	$0	$0
DEE GISH
SECRETARY	1.00	Yes (X)	$0	$0	$0	Yes (X)
JULIE GROPPE
TRUSTEE	1.00	Yes (X)	$0	$0	$0
DAN HUDNUT
TRUSTEE	1.00	Yes (X)	$0	$0	$0
PHILIP LAPP
TREASURER	1.00	Yes (X)	$0	$0	$0	Yes (X)
WENDY PALTHEY
TRUSTEE	1.00	Yes (X)	$0	$0	$0
KYLIE EASTMAN
TRUSTEE	1.00	Yes (X)	$0	$0	$0
JENNIFER GRANT
TRUSTEE	1.00	Yes (X)	$0	$0	$0
TANYA SWETT
VICE PRESIDENT	1.00	Yes (X)	$0	$0	$0	Yes (X)
W JAROD WUNNEBURGER
TRUSTEE	1.00	Yes (X)	$0	$0	$0
MARY NEWMAN
HEAD OF SCHOOL	60.00		$104,140	$0	$18,629	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$104,140	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$18,629	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$560,619	AllOtherContributionsAmt
Total Contributions	$560,619	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION & FEES	611710	$2,462,119	$2,462,119
PROGRAM REVENUES	611710	$133,492	$133,492

Field	Value	IRS element (for citing)
Total Program Service Revenue	$2,595,611	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$44,193	TotalRevenueColumnAmt
Exclusion	$44,193	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$88,990	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$68,060	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$20,930	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$20,930	TotalRevenueColumnAmt
Exclusion	$20,930	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,221,353	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,595,611	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$65,123	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$109,473	TotalAmt
Program Services	$109,473	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$121,058	TotalAmt
Management And General	$102,899	ManagementAndGeneralAmt
Fundraising	$18,159	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,608,821	TotalAmt
Program Services	$1,415,314	ProgramServicesAmt
Management And General	$149,604	ManagementAndGeneralAmt
Fundraising	$43,903	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$30,822	TotalAmt
Program Services	$27,644	ProgramServicesAmt
Management And General	$2,411	ManagementAndGeneralAmt
Fundraising	$767	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$243,793	TotalAmt
Program Services	$212,352	ProgramServicesAmt
Management And General	$24,493	ManagementAndGeneralAmt
Fundraising	$6,948	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$132,742	TotalAmt
Program Services	$109,618	ProgramServicesAmt
Management And General	$18,503	ManagementAndGeneralAmt
Fundraising	$4,621	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$25,878	TotalAmt
Program Services	$18,115	ProgramServicesAmt
Management And General	$7,763	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$28,175	TotalAmt
Management And General	$28,175	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$5,154	TotalAmt
Management And General	$5,154	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$2,914	TotalAmt
Management And General	$2,914	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$127,812	TotalAmt
Program Services	$118,295	ProgramServicesAmt
Management And General	$5,987	ManagementAndGeneralAmt
Fundraising	$3,530	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$12,380	TotalAmt
Management And General	$12,380	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$15,449	TotalAmt
Program Services	$14,298	ProgramServicesAmt
Management And General	$724	ManagementAndGeneralAmt
Fundraising	$427	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$100,640	TotalAmt
Program Services	$93,146	ProgramServicesAmt
Management And General	$4,714	ManagementAndGeneralAmt
Fundraising	$2,780	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$40,912	TotalAmt
Program Services	$37,866	ProgramServicesAmt
Management And General	$1,916	ManagementAndGeneralAmt
Fundraising	$1,130	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
BOOKS AND PROGRAM	$69,181	$69,181
SUPPLIES	$64,046	$52,890	$8,927	$2,229
TRANSPORTATION	$52,495	$52,495
DEVELOPMENT COSTS	$49,845		$14,954	$34,891

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$116,865	TotalAmt
Program Services	$95,023	ProgramServicesAmt
Management And General	$21,191	ManagementAndGeneralAmt
Fundraising	$651	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,958,455	TotalAmt
Program Services	$2,425,710	ProgramServicesAmt
Management And General	$412,709	ManagementAndGeneralAmt
Fundraising	$120,036	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,177,359	BOYAmt
EOY	$1,379,019	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$89,170	BOYAmt
EOY	$67,630	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$48,228	BOYAmt
EOY	$44,298	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$4,079,030	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,944,613	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$2,160,780	BOYAmt
EOY	$2,134,417	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$1,284,867	BOYAmt
EOY	$1,134,313	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,760,404	BOYAmt
EOY	$4,759,677	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$227,817	BOYAmt
EOY	$206,318	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
EOY	$19,050	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$356,036	BOYAmt
EOY	$295,628	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$583,853	BOYAmt
EOY	$520,996	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,842,406	BOYAmt
EOY	$2,655,664	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,334,145	BOYAmt
EOY	$1,583,017	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,176,551	BOYAmt
EOY	$4,238,681	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,760,404	BOYAmt
EOY	$4,759,677	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$262,898	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$200,768	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$399,100	BeginningYearBalanceAmt
Investment Earnings Or Losses	-$49,260	InvestmentEarningsOrLossesAmt
Other Expenditures	$8,000	OtherExpendituresAmt
End Year Balance	$341,840	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$312,226	BeginningYearBalanceAmt
Investment Earnings Or Losses	$86,874	InvestmentEarningsOrLossesAmt
End Year Balance	$399,100	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$318,313	BeginningYearBalanceAmt
Investment Earnings Or Losses	$11,913	InvestmentEarningsOrLossesAmt
Other Expenditures	$18,000	OtherExpendituresAmt
End Year Balance	$312,226	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$313,804	BeginningYearBalanceAmt
Investment Earnings Or Losses	$13,509	InvestmentEarningsOrLossesAmt
Other Expenditures	$9,000	OtherExpendituresAmt
End Year Balance	$318,313	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$307,780	BeginningYearBalanceAmt
Investment Earnings Or Losses	$18,024	InvestmentEarningsOrLossesAmt
Other Expenditures	$12,000	OtherExpendituresAmt
End Year Balance	$313,804	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.48573	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.25556	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.25871	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$317,940	OtherCostOrOtherBasisAmt
Book Value	$317,940	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,569,407	OtherCostOrOtherBasisAmt
Depreciation	$1,185,220	DepreciationAmt
Book Value	$1,384,187	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$475,664	OtherCostOrOtherBasisAmt
Depreciation	$344,517	DepreciationAmt
Book Value	$131,147	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$473,520	OtherCostOrOtherBasisAmt
Depreciation	$414,876	DepreciationAmt
Book Value	$58,644	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$242,499	OtherCostOrOtherBasisAmt
Book Value	$242,499	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$2,134,417	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$2,905,958	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$200,768	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$200,768	RevenueNotReportedAmt
Revenue Subtotal	$3,106,726	RevenueSubtotalAmt
Investment Expenses Not Incld	$5,154	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$109,473	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$114,627	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$3,221,353	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$2,843,828	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$2,843,828	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$5,154	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$109,473	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$114,627	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$2,958,455	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 DEFICIENCIES OF THIS NATURE EXISTED AS OF JUNE 30, 2022 AND 2021. 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.
PART X, LINE 2:	ACCOUNTING STANDARDS CODIFICATION 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 2018.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	FINANCIAL AID 109,473.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	FINANCIAL AID 109,473.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE E, PART I, 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, PART I, LINE 6	TUITION FOR MANY STUDENTS IS PAID BY THEIR LOCAL SCHOOL DISTRICT.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	FINANCIAL AID	GrantTypeTxt
Recipient	23	RecipientCnt
Non Cash Assistance	$109,473	NonCashAssistanceAmt
Valuation Method Used	FMV	ValuationMethodUsedDesc
Non Cash Assistance	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.	NonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	THE ACADEMY IMMEDIATELY APPLIES THE NEED-BASED GRANT AWARD TO THE TUITION BALANCE.	ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Field	Value	IRS element (for citing)
Person	CARL GROPPE	PersonNm

Field	Value	IRS element (for citing)
Relationship Description	SPOUSE OF TRUSTEE	RelationshipDescriptionTxt
Transaction	$61,126	TransactionAmt
Transaction	CARL GROPPE IS EMPLOYED BY THE ACADEMY AS THE IT DIRECTOR AND IS ALSO THE SPOUSE OF A MEMBER OF THE BOARD OF TRUSTEES.	TransactionDesc
Sharing Of Revenues	0	SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, 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, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 15	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, PART VI, SECTION C, LINE 19	ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG.