2016-02-12T11:01:11-06:00 2015-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPA PC 19 MORGAN DRIVE LEBANON NH 03766 990 2014-07-01 030182055 LYNDON INSTITUTE INC LYND 8026266122 168 INSTITUTE CIRCLE LYNDON CENTER VT 05850 DAREN M HOUCK HEADMASTER 8026266122 2016-01-18 1 W JAY SIMMS P00435321 6036530044 2016-01-18 2014 2016-08-17 19:52:53Z DAREN M HOUCK POBOX 127 LYNDON CENTER VT 05850 14176041 0 X WWW.LYNDONINSTITUTE.ORG X 1923 VT LYNDON INSTITUTE IS AN ACADEMIC COMMUNITY PROVIDING STUDENTS WITH EXCELLENT PREPARATION FOR SUCCESS IN SCHOOL, COLLEGE, CAREERS, AND LIFE. 27 27 208 4 0 0 809310 946364 12611688 12754725 1606044 425576 6863 22695 15033905 14149360 631650 1161130 0 0 7454943 7025175 0 0 225548 5782280 5758784 13868873 13945089 1165032 204271 25765111 26938353 12986029 13702191 12779082 13236162 LYNDON INSTITUTE IS A COMPREHENSIVE, INDEPENDENT HIGH SCHOOL PROVIDING THOUGHTFUL AND RIGOROUS PREPARATION FOR STUDENTS OF THE NORTHEAST KINGDOM OF VERMONT AND BEYOND TO REACH THEIR INTELLECTUAL, CREATIVE AND PHYSICAL POTENTIAL. 0 0 7807629 1161130 12754725 LYNDON INSTITUTE IS AN INDEPENDENT DAY AND BOARDING HIGH SCHOOL FOR GRADES 9 - 12, OFFERING A 150-COURSE CURRICULUM SPECIALIZING IN CORE AND HONORS ACADEMICS, FINE AND PERFORMING ARTS AND TECHNICAL AND CAREER PROGRAMS. 7807629 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 36 0 1 208 1 0 0 0 0 0 0 0 0 0 0 X 27 27 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 0 1 0 0 X X CHRISTINE FAYETTE 8025353733 PO BOX 127 LYNDON CENTER VT 05850 RICHARD ASHTON PRESIDENT 4.00 X X 0 0 0 GREGORY MCCORMICK VICE PRESIDENT 4.00 X X 0 0 0 NORMAN MESSIER SECRETARY 4.00 X X 0 0 0 ELAINE SMITH TREASURER 4.00 X X 0 0 0 MEREDITH FELTUS TRUSTEE AT LARGE 4.00 X 0 0 0 DAVID STAHLER SR TRUSTEE AT LARGE 4.00 X 0 0 0 JOSEPH BENNING TRUSTEE 4.00 X 0 0 0 JEANNE ELLIOTT TRUSTEE 4.00 X 0 0 0 JOSEPH FLYNN TRUSTEE 4.00 X 0 0 0 STEPHEN GRAY TRUSTEE 4.00 X 0 0 0 ELIZABETH KOENIG TRUSTEE 4.00 X 0 0 0 JAMES MCDONALD TRUSTEE 4.00 X 0 0 0 SARA SIMPSON TRUSTEE 4.00 X 0 0 0 DAVID BEATTIE TRUSTEE 4.00 X 0 0 0 MARLIN DEVENGER TRUSTEE 4.00 X 0 0 0 PATRICIA EMERY TRUSTEE 4.00 X 0 0 0 T MICHAEL FLYNN TRUSTEE 4.00 X 0 0 0 DANIEL HEATH TRUSTEE 4.00 X 0 0 0 AMY MCGARRY TRUSTEE 4.00 X 0 0 0 THAD RICHARDSON TRUSTEE 4.00 X 0 0 0 DAVID ARONOFF TRUSTEE 4.00 X 0 0 0 LAURA ASHTON TRUSTEE 4.00 X 0 0 0 JAMES GALLAGHER TRUSTEE 4.00 X 0 0 0 PETER HOPKINS TRUSTEE 4.00 X 0 0 0 LORRAINE MATTEIS TRUSTEE 4.00 X 0 0 0 EMERY NOYES TRUSTEE 4.00 X 0 0 0 NATHAN SICARD TRUSTEE 4.00 X 0 0 0 DAREN HOUCK HEADMASTER 40.00 X 70543 0 11032 RICHARD HILTON UNTIL 63014 FORMER HEADMASTER 0.00 X 110886 0 6810 181429 0 17842 1 1 0 0 BROCK AND COMPANY INC 257 GREAT VALLEY PARKWAY MALVERN PA 19355 FOOD VENDOR 798467 APCO BUILDING MAINTENANCE INC 74 CRESCENT BEACH DR BURLINGTON VT 05408 MAINTENANCE 469837 PRESIDIO INC 10 SIXTH ROAD WOBURN MA 01801 TECHNOLOGY 166510 KINGDOM CONSTRUCTION INC 398 WESTERN AVE NEWPORT VT 05855 CONSTRUCTION 146394 KIRBY MOUNTAIN LAWNS LANDSCAPING & EXCA 101 KIRBY ROAD EAST BURKE VT 05832 LAWNCARE 144591 5 566474 379890 113899 946364 TUITION AND FEES 611600 9563131 9563131 RESIDENTIAL PROGRAM IN 611600 2710127 2710127 FOOD SALES 721310 44066 44066 TRANSPORTATION 480000 34273 34273 ATHLETIC INCOME 711210 17824 17824 385304 385304 12754725 287922 287922 49028 26333 22695 22695 22695 138002 0 348 138002 -348 137654 137654 14149360 12754725 0 448271 1161130 1161130 158184 158184 5429962 3452162 1868377 109423 1034061 619438 414623 402968 249821 146265 6882 70318 70318 809385 807522 1863 52838 4944 47894 1358129 502953 847405 7771 123244 81524 35598 6122 388577 388577 848950 16997 831953 88983 76 88907 REPAIRS AND MAINTENANCE 380012 204312 175076 624 MISC EXPENSE 299123 17554 243980 37589 SUPPLIES 161901 122866 38845 190 DUES AND SUBSCRIPTIONS 159211 55747 99320 4144 1018113 510583 454727 52803 13945089 7807629 5911912 225548 420752 844208 96215 155591 859872 1459812 67641 60173 38692 22704 21231545 8929372 12424832 12302173 10058392 10309880 1798715 1783812 25765111 26938353 765677 807376 2164951 2309302 6634989 7479120 3420412 3106393 12986029 13702191 X 7795340 8185403 2865972 2930404 2117770 2120355 12779082 13236162 25765111 26938353 204271 247819 4990 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 11632378 269820 595858 612096 11885960 11137143 176872 1531710 1213347 11632378 9972011 38930 1349706 223504 11137143 9666664 8995 611352 314990 9972011 8333503 4757 1676389 347985 9666664 0.57510 0.24650 0.17840 1 0 250625 250625 16432146 6323095 10109051 834964 393788 441176 2899926 1711463 1188463 813884 501026 312858 12302173 BENEFICIAL INTEREST IN PERPETUAL TRUST 1078685 CONTRIBUTION RECEIVABLE FROM REMAINDER TRUST 497395 DEBT ISSUANCE COSTS 207732 1783812 DUE TO STUDENT ORGANIZATIONS 52511 LINE OF CREDIT 3000000 HEALTH INSURANCE RESERVE 53882 3106393 13197054 247819 4990 26333 279142 12917912 70318 1161130 1231448 14149360 12739974 0 12739974 70318 1134797 1205115 13945089 PART III, LINE 1A: THE COLLECTION, WHICH CONSISTS OF LIBRARY BOOKS, PERIODICALS AND RELATED MATERIAL, WAS ACQUIRED THROUGH PURCHASES SINCE THE SCHOOL'S INCEPTION AND IS NOT RECOGNIZED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF 83 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR IMPOSED RESTRICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 26,333. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,161,130. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,161,130. RENTAL EXPENSES -26,333. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 REGISTRATION PERIOD IS OPEN TO ALL 9-12 DAY STUDENTS WISHING TO APPLY TO LYNDON INSTITUTE. OPEN REGISTRATION IS ANNOUNCED THROUGH NEWSPAPER AND BROADCAST MEDIA. THE NON-DISCRIMINATORY POLICY IS ON THE FRONT PAGE OF THE STUDENT/PARENT HANDBOOK. FOR THE BOARDING STUDENTS, THE ADMISSIONS TEAM TRAVELS TO A VARIETY OF COUNTRIES TO LET STUDENTS KNOW ABOUT THE PROGRAMS THAT THE SCHOOL OFFERS. SCHEDULE E, PART I, LINE 6 LYNDON INSTITUTE, INC. RECEIVES GRANT MONEY FROM THE STATE OF VERMONT. 1 SCHOLARSHIPS FOR TUITION AND FEES. 50 1161130 FMV PART I, LINE 2: ALL FINANCIAL AID AWARDED TO STUDENTS IS FUNDED INTERNALLY RATHER THAN THROUGH GRANTS. SCHEDULE I, PART I, LINE 2 SCHEDULE I, PART III, COLUMN F DESCRIPTION OF NON-CASH ASSISTANCE: FINANCIAL AID. RECORDS ARE KEPT AT LYNDON INSTITUTE'S BUSINESS OFFICE. X 0 0 X X 0 0 0 0 0 0 0 0 0 RICHARD HILTON UNTIL 63014 FORMER HEADMASTER 110886 0 0 0 0 0 2913 0 3897 0 117696 0 0 0 PART I, LINE 1A THE DETERMINATION OF THE VALUE FOR ROOM AND BOARD EXPENSES FOR THE HEAD OF SCHOOL AND THOSE LIVING ON CAMPUS AS PART OF THE DORM PROGRAM WAS FIRST DETERMINED THROUGH AN ANALYSIS OF LOCAL RENTALS AND THE ASSOCIATED UTILITY COSTS. EACH YEAR SUBSEQUENTLY, THE INCREASE TO THESE VALUE OF THESE EXPENSES HAS BEEN AT A RATE OF 3% PER YEAR. A VERMONT ECONOMIC DEVELOPMENT AUTHORITY 036024497 2006-10-05 5353000 TO FUND CONSTRUCTION OF THE CAMPBELL DORMITORY 0 0 0 A 5353000 105046 2096016 3151938 2008 1 0 1 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X 7 67375 FMV ON DATE OF GIFT X 1 13925 FMV ON DATE OF GIFT X GIFTS IN KIND 57 37589 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 HUSBAND & WIFE - LAURA ASHTON AND RICHARD ASHTON FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS (CORPORATORS) OF THE INSTITUTE SHALL CONSIST OF NOT LESS THAN FIFTY AND NOT MORE THAN ONE HUNDRED FIFTY, PLUS NO MORE THAN THREE SCHOOL BOARD MEMBERS FROM EACH SCHOOL BOARD OF THE LOCAL DISTRICTS. LYNDON INSTITUTE IS NO LONGER DESIGNATED, BUT DOES STILL DRAW STUDENTS FROM THESE LOCAL DISTRICTS, FORMERLY DESIGNATED SENDING DISTRICTS. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATORS OF LYNDON INSTITUTE ELECT THE BOARD OF TRUSTEES FROM ELIGIBLE MEMBER OF THE CORPORATION. THE BOARD OF TRUSTEES SHALL CONSIST OF 27 MEMBERS. THE BOARD OF TRUSTEES WILL BE VOTED ON AN ANNUAL BASIS AT THE ANNUAL MEETING HELD IN SEPTEMBER. THE BOARD OF TRUSTEES SHALL SELECT AND EMPLOY A HEADMASTER WHO WILL BE CHARGED WITH THE DAILY ADMINISTRATION OF EDUCATIONAL LEADERSHIP OF THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE REVIEWED BY THE COMPTROLLER AND THE ASSISTANT HEAD FOR FINANCE PRIOR TO FILING THE RETURN. ONCE FILED, A COPY WILL BE PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C LYNDON INSTITUTE MONITORS POTENTIAL CONFLICTS OF INTEREST ON A REGULAR BASIS AS WE PREPARE OUR ANNUAL FINANCIAL STATEMENT AUDIT. AT THIS TIME WE ACCUMULATE A LIST OF ALL RELATED PARTIES AND DETAIL THEIR RELATIONSHIP TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15A THE CONTRACT AND COMPENSATION FOR THE HEADMASTER WAS DISCUSSED IN THE EXECUTIVE SESSION OF THE EXECUTIVE COMMITTEE ON NOVEMBER 11, 2013. LATER THE COMMITTEE VOTED TO FINALIZE THE CONTRACT FOR THE HEADMASTER. FORM 990, PART VI, SECTION C, LINE 18 LYNDON INSTITUTE MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON EACH INDIVIDUAL REQUEST. FORM 990, PART VI, SECTION C, LINE 19 LYNDON INSTITUTE IS NOT REQUIRED TO MAKE ITS FORM 1023 AVAILABLE TO THE GENERAL PUBLIC AS THEY OBTAINED EXEMPTION PRIOR TO 1973. THE FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION THROUGH USE OF THE GUIDESTAR WEBSITE AND UPON EACH INDIVIDUAL REQUEST.