2019-05-22T11:41:28-05:00 2018-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2017-07-01 030179600 VERMONT ACADEMY VERM 8028696200 PO BOX 500 SAXTONS RIVER VT 05154 JEFFREY SEATON CFO 8028696200 2019-05-21 1 JAMES N GODFREY CPA P00913422 6036530044 2019-05-21 216.107.201.226 2019-05-21 14:29:01 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2017 2019-02-21 02:37:17Z JENNIFER ZACCARA PO BOX 500 SAXTONS RIVER VT 05154 15625814 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 19 232 18 18269 -791 1323487 1979025 12675539 12139507 -44167 1311671 131098 74275 14085957 15504478 2744379 3009918 0 0 6723075 6593101 0 0 422411 4418025 4273157 13885479 13876176 200478 1628302 28660152 29255896 6162593 5587926 22497559 23667970 TO PROVIDE A SUPPORTIVE COMMUNITY AND CLOSE PERSONAL ATTENTION TO ITS STUDENTS, VERMONT ACADEMY DEVELOPS CONFIDENT, ACTIVE LEARNERS AND RESPECTFUL CITIZENS. 0 0 11019040 3009918 11685276 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 LEARNING SKILLS PROGRAM, THE ARTS, AND IN OUR SCIENCE AND ENGINEERING CURRICULUM. 124970 454231 VERMONT ACADEMY IS HOST TO A SUMMER PROGRAM HELD DURING THE SUMMER RECESS THAT FEATURES EDUCATIONAL AND PROFESSIONAL STUDY AND REVIEW FOR PREMIER SCIENTISTS IN THE FIELD OF BIOLOGY AND LIFE SCIENCES. 11144010 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 69 0 1 232 1 1 1 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 JEFFREY SEATON 8028696200 10 LONG WALK VERMONT ACADEMY SAXTONS RIVER VT 05154 THOMAS CAPASSE TRUSTEE 1.00 X 0 0 0 MICHEAL CHOUKAS CHAIRMAN 1.00 X X 0 0 0 CASEY COTA TREASURER 1.00 X X 0 0 0 CARRIE DUNN SECRETARY 1.00 X X 0 0 0 PATTY EPPINGER TRUSTEE 1.00 X 0 0 0 MATT GALANES TRUSTEE 1.00 X 0 0 0 DAVID HOLTON TRUSTEE 1.00 X 0 0 0 MICHEAL HOROWITZ TRUSTEE 1.00 X 0 0 0 AMY HOWARD TRUSTEE 1.00 X 0 0 0 PETER HOWE TRUSTEE 1.00 X 0 0 0 WENDY KAPLAN TRUSTEE 1.00 X 0 0 0 STEVEN KAROL TRUSTEE 1.00 X 0 0 0 LORI PAPRIN TRUSTEE 1.00 X 0 0 0 PAUL ROONEY TRUSTEE 1.00 X 0 0 0 LEE RYDER TRUSTEE 1.00 X 0 0 0 MARK SMITH TRUSTEE 1.00 X 0 0 0 RICHARD STARK VICE CHAIRMAN 1.00 X X 0 0 0 TYLOR TREGELLAS TRUSTEE 1.00 X 0 0 0 ANDREW WARD TRUSTEE 1.00 X 0 0 0 JENNIFER ZACCARA HEAD OF SCHOOL (STARTED 7/1/17) 40.00 X 105000 0 16055 STANLEY COLLA INTERM HEAD OF SCHOOL (TERM 6/30/17) 40.00 X 154010 0 18915 JEFFERY SEATON CFO 40.00 X 34615 0 12667 293625 0 47637 2 0 1 0 0 1979025 10768 1979025 TUITION 611710 10799537 10799537 PROGRAM SUPPORTING REV 611710 885739 885739 SUMMER PROGRAM REV. 611710 454231 454231 12139507 289501 289501 44104 0 44104 44104 18269 25835 1020970 1200 0 0 1020970 1200 1022170 1022170 151507 121336 30171 30171 15504478 12139507 18269 1367677 3009918 3009918 359145 359145 4765131 3833816 701913 229402 1071902 821072 201700 49130 396923 14261 382662 43748 43748 71900 71900 24879 24879 169184 93772 38073 37339 124435 51130 73305 78884 22349 48357 8178 45095 45095 486924 486924 211080 157091 48245 5744 70746 70746 720931 720931 207168 158037 49131 SUPPLIES AND SMALL EQUI 678118 507044 166985 4089 REPAIRS AND MAINTENANCE 549109 549109 EDUCATION PROGRAMS 462367 462367 NOT OTHERWISE CLASSIFIE 190392 98038 83386 8968 138197 93440 38501 6256 13876176 11144010 2309755 422411 1757339 1332886 89498 44958 168966 170569 145920 118659 180055 195732 26385418 14513352 11456851 11872066 12002143 12827306 2859380 2693720 28660152 29255896 776355 814096 25000 16470 1422032 1340439 3939206 3416921 6162593 5587926 X 10484032 13667804 3004702 1180287 9008825 8819879 22497559 23667970 28660152 29255896 X 1628302 -504661 46770 X 0 1 X 1 0 X 0 11696174 215191 730801 245884 12396282 10259379 468208 1239356 270769 11696174 10500470 343013 -210294 373810 10259379 10415485 297523 269747 482285 10500470 7853734 1519791 1333607 291647 10415485 0.43880 0.49420 0.06700 0 0 316625 316625 21418222 10614431 10803791 1528261 1331515 196746 3042039 2567406 474633 80271 80271 11872066 BENEFICIAL INTEREST IN TRUST 2693720 2693720 ADVANCED TUITION 2965475 SPLIT-INTEREST ANNUITIES 343187 CAPITAL LEASE OBLIGATION 108259 3416921 X 12133125 -504661 168106 -336555 12469680 24879 3009919 3034798 15504478 10962714 121336 121336 10841378 24879 3009919 3034798 13876176 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 3,010,000 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 BELIVES IT IS NO LONGER SUBJECT TO EXAMINATIONS FOR YEARS PRIOR TO 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 121,336. PROVISION FOR SPLIT INTEREST AGREEMENTS 46,770. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,009,918. ROUNDING 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 121,336. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,009,918. ROUNDING 1. 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 97 3009918 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 STANLEY COLLA INTERM HEAD OF SCHOOL (TERM 6/30/17) 154010 0 0 0 0 0 7020 0 11895 0 172925 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO THE ACADEMY'S HEADMASTER. CASEY COTA ACADEMY TRUSTEE 360389 THE ACADEMY PURCHASES A PORTION OF ITS HEATING FUEL AND ALSO RECEIVES SERVICE ON THEIR HEATING EQUIPMENT FROM A COMPANY WHOSE SHAREHOLDER IS ALSO A TRUSTEE OF THE ACADEMY 0 DAVID HOLTON ACADEMY TRUSTEE 90466 THE ACADEMY PURCHASES PROPERTY AND CASUALTY INSURANCE FROM AN INSURANCE AGENT WHO IS ALSO A TRUSTEE OF THE ACADEMY 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 AND BUSINESS MANAGER'S SALARIES ARE 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. FORM 990, PART XI, LINE 9: NET CHANGE IN SPLIT-INTEREST AGREEMENTS 46,770. LATE FILED RETURN DUE TO CCH SOFTWARE OUTAGE