2017-01-30T07:24:39-06:00 2016-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPA PC 19 MORGAN DRIVE LEBANON NH 03766 990 2015-07-01 030350587 THE SHARON ACADEMY SHAR 8027632500 P O BOX 207 SHARON VT 05065 MICHAEL LIVINGSTON HEAD OF SCHOOL 8027632500 2017-01-20 1 JAMES N GODFREY CPA P00913422 6036530044 2017-01-20 2015 2021-01-29 14:40:06Z MICHAEL LIVINGSTON P O BOX 207 SHARON VT 05065 2894431 0 X WWW.SHARONACADEMY.ORG X 1996 VT EDUCATION GRADES 7-12 17 17 80 147 0 0 297268 403084 2290225 2350454 47377 39210 337500 14140 2972370 2806888 4815 32769 0 0 2054109 2194081 0 0 161530 847812 648209 2906736 2875059 65634 -68171 3519322 3424515 810569 830853 2708753 2593662 EDUCATION GRADES 7-12 0 0 1925548 32769 2354696 155 STUDENTS GRADES 7-12 WERE EDUCATED BY TEACHERS/EMPLOYEES 1925548 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 9 0 1 80 1 0 0 0 0 0 0 0 0 0 0 X 17 17 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 ROB ANDEREGG TREASURER 1.00 X X 0 0 0 BRAD ATWOOD PRESIDENT 5.00 X X 0 0 0 JOHN ROE VICE PRESIDENT 1.00 X X 0 0 0 TODD BINZEN TRUSTEE 1.00 X 0 0 0 MICHELE BLANCHARD TRUSTEE 1.00 X 0 0 0 STEPHEN FARRINGTON TRUSTEE 1.00 X 0 0 0 SAM DRAZIN TRUSTEE 1.00 X 0 0 0 MICHAEL HEANEY TRUSTEE 1.00 X 0 0 0 LORIE LOEB TRUSTEE 1.00 X 0 0 0 DAN HUDNUT TRUSTEE 1.00 X 0 0 0 JED PUTNEY TRUSTEE 1.00 X 0 0 0 SPERRY WILSON TRUSTEE 1.00 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 EDIE FARWELL SECRETARY 1.00 X X 0 0 0 JUDITH MOORE EMERITUS 1.00 X 0 0 0 MICHAEL LIVINGSTON HEAD OF SCHOOL 60.00 X 104263 0 3015 104263 0 3015 1 0 0 0 0 403084 31777 403084 TUITION & FEES 611710 2189416 2189416 PROGRAM REVENUES 611710 161038 161038 2350454 34968 34968 83165 78923 4242 4242 4242 22760 8620 14140 14140 2806888 2354696 0 49108 32769 32769 108643 108643 1613065 1122255 388710 102100 25794 18222 5914 1658 295771 193801 84339 17631 150808 98480 43369 8959 43627 31081 12546 32290 32290 6235 6235 2361 2361 90050 58803 25897 5350 771 771 25252 25252 114169 114169 21399 13974 6154 1271 BOOKS AND PROGRAM 85357 85357 MEETINGS 44824 44824 SPORTS 34525 34525 FIELDTRIPS 28622 28622 118727 67467 26699 24561 2875059 1925548 787981 161530 419026 437665 59424 70396 0 200 3625867 1357651 2377040 2268216 648864 634161 14968 13877 3519322 3424515 148805 216286 10950 10800 650814 603767 810569 830853 X 2578152 2310848 43242 195455 87359 87359 2708753 2593662 3519322 3424515 -68171 -46920 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 302818 -13619 289199 328215 -8977 16420 302818 263220 64995 328215 212422 2550 48248 263220 217099 -4677 212422 0.56870 0.30210 0.12920 0 0 317940 317940 2435781 762981 1672800 453260 229780 223480 386417 335813 50604 32469 29077 3392 2268216 X 2729584 -46920 -24149 -71069 2800653 6235 6235 2806888 2844675 8620 8620 2836055 6235 32769 39004 2875059 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 ACHEIVE 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: FINANCIAL AID -32,769. FUNDRAISING EXPENSE 8,620. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 8,620. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 32,769. 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 APPLICATION 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 22760 22760 2783 1149 4688 22760 22760 2783 1149 4688 8620 14140 1 FINANCIAL AID 14 32769 FMV THE ACADEMY IMMEDIATELY APPLIES THE NEED-BASED GRANT AWARD TO THE TUITION BALANCE. THE NAME AND ADDRESSES OF THE RECEIPIENTS ARE AVAILABLE AT THE ACADEMY'S BUSINESS OFFICE. SCHEDULE I PART 1 THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT THE SHARON ACADEMY SCHOOL BUSINESS OFFICE X 6 31777 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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 18 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 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.