2019-05-14T12:08:30-05:00 2018-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2017-07-01 030350587 THE SHARON ACADEMY SHAR 8027632500 P O BOX 207 SHARON VT 05065 MICHAEL LIVINGSTON HEAD OF SCHOOL 8027632500 2019-04-17 1 JAMES N GODFREY CPA P00913422 6036530044 2019-04-04 216.107.201.226 2019-04-17 11:13:40 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 82E8EB1BC7A9FC6D44F35340D6ED55145F6B871F 2017 2019-02-21 02:37:17Z MICHAEL LIVINGSTON P O BOX 207 SHARON VT 05065 3278551 0 X WWW.SHARONACADEMY.ORG X 1996 VT EDUCATION GRADES 7-12 16 16 68 178 0 0 714054 851323 2316615 2303020 84310 17980 12360 3930 3127339 3176253 51689 73265 0 0 2192292 2100731 0 0 183250 693192 705509 2937173 2879505 190166 296748 3622742 4078890 743329 885602 2879413 3193288 EDUCATION GRADES 7-12 0 0 1984515 73265 2303020 138 STUDENTS GRADES 7-12 WERE EDUCATED BY TEACHERS/EMPLOYEES 1984515 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 1 68 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MICHAEL LIVINGSTON 8027632500 P O BOX 207 SHARON VT 05065 JED PUTNEY TREASURER 1.00 X X 0 0 0 JOHN ROE PRESIDENT 5.00 X X 0 0 0 EDIE FARWELL VICE PRESIDENT 1.00 X X 0 0 0 STEVE FARRINGTON TRUSTEE 1.00 X 0 0 0 MIKE HEANEY TRUSTEE 1.00 X 0 0 0 TULIO BROWNING TRUSTEE 1.00 X 0 0 0 DAN HUDNUT TRUSTEE 1.00 X 0 0 0 SPERRY WILSON SECRETARY 1.00 X X 0 0 0 WENDY PALTHEY TRUSTEE 1.00 X 0 0 0 KEN WRIGHT TRUSTEE 1.00 X 0 0 0 SHANNON BUSKEY TRUSTEE 1.00 X 0 0 0 JULIE GROPPE TRUSTEE 1.00 X 0 0 0 PAUL PERKINS TRUSTEE 1.00 X 0 0 0 REBECCA FOULK TRUSTEE 1.00 X 0 0 0 MATTHEW FROST TRUSTEE 1.00 X 0 0 0 DEE GISH TRUSTEE 1.00 X 0 0 0 MICHAEL LIVINGSTON HEAD OF SCHOOL 60.00 X 117924 0 2460 117924 0 2460 1 0 0 0 0 8275 843048 33743 851323 TUITION & FEES 611710 2143453 2143453 PROGRAM REVENUES 611710 159567 159567 2303020 16495 16495 94908 93423 1485 1485 1485 12805 8275 8875 3930 3930 3176253 2303020 0 21910 73265 73265 122934 122934 1529923 1133282 321108 75533 26152 19613 5232 1307 290439 199431 77716 13292 131283 90146 35129 6008 14228 10421 3807 22000 22000 2689 2689 3810 3810 106739 73292 28562 4885 994 994 22709 22709 102400 102400 31294 21488 8374 1432 BOOKS AND PROGRAM 95995 95995 DEVELOPMENT COSTS 77750 77750 SUPPLIES 43946 30176 11759 2011 COMMUNICATIONS 39388 39388 141567 111303 29232 1032 2879505 1984515 711740 183250 541216 881904 33005 95704 39351 56528 25365 23982 3699598 1564498 2196471 2135100 787334 885672 3622742 4078890 191140 203628 6900 6950 545289 675024 743329 885602 X 2102210 2134276 689844 971653 87359 87359 2879413 3193288 3622742 4078890 X 296748 17128 -1 X 0 1 X 0 0 X 0 307780 18024 12000 313804 289199 35825 17244 307780 302818 -13619 289199 328215 -8977 16420 302818 263220 64995 328215 0.52710 0.27840 0.19450 0 0 317940 317940 2462068 888065 1574003 453260 269605 183655 433862 375233 58629 32468 31595 873 2135100 X 3126301 17128 8875 26003 3100298 2689 73266 75955 3176253 2812426 8875 8875 2803551 2689 73265 75954 2879505 PART V, LINE 4: THE BOARD INTENDS THE ENDOWMENT FUND TO BE A LONG-TERM INVESTMENT WHOSE PRINCIPAL OF THE BOARD-DESIGNATED FUNDS WILL REMAIN INVESTED AND WHOSE INTEREST, EITHER IN PART OF IN TOTAL, WILL BE USED, ONCE THE ENDOWMENT FUND HAS GROWN TO A REASONABLE AND SUFFICIENT SIZE, TO SUPPLEMENT THE INCOME OF THE ACADEMY. THE GOAL ON THE FINANCE COMMITTEE IS TO ACHIEVE A COMPETITIVE RATE OF RETURN WITH A DIVERSE PORTFOLIO OF INVESTMENTS. PART X, LINE 2: EFFECTIVE JULY 1, 2009, THE ACADEMY ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. SUBTOPIC 740-10 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 8,875. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 73,265. ROUNDING 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 8,875. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 73,265. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. GALA FUNDRAISER 21080 8275 12805 308 800 7767 21080 8275 12805 308 800 7767 8875 3930 1 FINANCIAL AID 9 73265 FMV 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. PART I, LINE 2: THE ACADEMY IMMEDIATELY APPLIES THE NEED-BASED GRANT AWARD TO THE TUITION BALANCE. X 6 30872 FMV X MISCELLANEOUS ITEMS DONATED 9 2871 FMV 0 0 1 PART I, LINE 32B: STOCK GIFTS RECEIVED ARE PROCESSED AND SOLD BY THE ACADEMY'S CUSTODIAL FINANCIAL INSTITUTION. 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 MICHAEL LIVINGSTON, 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. FORM 990, PART XI, LINE 9: ROUNDING -1.