2014-11-14T14:43:53-06:00 2014-06-30 020476956 TYLER SIMMS & STSAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2013-07-01 030182055 LYNDON INSTITUTE INC LYND 8026266122 168 INSTITUTE CIRCLE LYNDON CENTER VT 05850 DAREN M HOUCK HEADMASTER 8026266122 2014-11-14 1 W JAY SIMMS P00435321 6036530044 2014-11-14 2013 2015-11-30 17:44:51Z DAREN M HOUCK POBOX 127 LYNDON CENTER VT 05850 15082614 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 27 215 12 0 0 715598 809310 12388772 12611688 1505182 1606044 43998 6863 14653550 15033905 461001 631650 0 0 6776191 7454943 0 0 226612 6245320 5782280 13482512 13868873 1171038 1165032 25305880 25765111 13691830 12986029 11614050 12779082 X LYNDON INSTITUTE IS AN ACADEMIC COMMUNITY PROVIDING STUDENTS WITH EXCELLENT PREPARATION FOR SUCCESS IN SCHOOL, COLLEGE, CAREERS, AND LIFE. 0 1 9432567 631650 12611688 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. 9432567 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 31 0 1 215 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 MEAGAN NEWLAND 8026266122 PO BOX 127 LYNDON CENTER VT 05850 DAVID ARONOFF TRUSTEE 4.00 X 0 0 0 RICHARD ASHTON PRESIDENT 4.00 X X 0 0 0 LINDA BISHOP TRUSTEE 4.00 X 0 0 0 T MICHAEL FLYNN TRUSTEE 4.00 X 0 0 0 AMY MCGARRY TRUSTEE 4.00 X 0 0 0 MARLIN DEVENGER TRUSTEE 4.00 X 0 0 0 JEANNE ELLIOT TRUSTEE 4.00 X 0 0 0 PATRICIA EMERY TRUSTEE 4.00 X 0 0 0 MEREDITH FELTUS TRUSTEE 4.00 X 0 0 0 JOSEPH FLYNN TRUSTEE 4.00 X 0 0 0 LAURA ASHTON TRUSTEE 4.00 X 0 0 0 JAMES C GALLAGHER TRUSTEE 4.00 X 0 0 0 STEPHEN GRAY TRUSTEE 4.00 X 0 0 0 DANIEL HEATH TRUSTEE 4.00 X 0 0 0 PETER HOPKINS TRUSTEE 4.00 X 0 0 0 ELIZABETH KOENIG TRUSTEE 4.00 X 0 0 0 GREGORY MCCORMICK VICE PRESIDENT 4.00 X X 0 0 0 JAMES MCDONALD TRUSTEE 4.00 X 0 0 0 NORMAN MESSIER SECRETARY 4.00 X X 0 0 0 RANDALL NORTHROP TRUSTEE 4.00 X 0 0 0 EMERY NOYES TRUSTEE 4.00 X 0 0 0 THAD RICHARDSON TRUSTEE 4.00 X 0 0 0 SARA SIMPSON TRUSTEE 4.00 X 0 0 0 ELAINE SMITH TREASURER 4.00 X X 0 0 0 DAVID STAHLER SR TRUSTEE 4.00 X 0 0 0 LORRAINE MATTEIS TRUSTEE 4.00 X 0 0 0 RICHARD D HILTON HEADMASTER 40.00 X X 144606 0 28514 EARL DANIELS TRUSTEE 4.00 X 0 0 0 144606 0 28514 1 0 1 0 BROCK AND COMPANY INC 257 GREAT VALLEY PARKWAY MALVERN PA 19355 FOOD VENDOR 632476 APCO BUILDING MAINTENANCE INC 74 CRESCENT BEACH DR BURLINGTON VT 05408 MAINTENANCE 456285 KINGDOM CONTRUCTION INC 398 WESTERN AVE NEWPORT VT 05855 CONTRUCTION 223424 KIRBY MOUNTAIN LAWNS LANDSCAPING & EXCA 101 KIRBY ROAD EAST BURKE VT 05832 LAWNCARE 157090 PRESIDIO INC 10 SIXTH ROAD WOBURN MA 01801 TECHNOLOGY 134130 5 493783 315527 147799 809310 TUITION AND FEES 611600 9167627 9167627 RESIDENTIAL PROGRAM IN 611600 2831354 2831354 FOOD SALES 721310 100055 100055 TANSPORTATION 480000 53596 53596 ATHLETIC INCOME 711210 22287 22287 436769 436769 12611688 290216 290216 50967 44104 6863 6863 6863 1320433 0 4605 1320433 -4605 1315828 1315828 15033905 12611688 0 1612907 631650 631650 157965 157965 5571699 3481896 1974730 115073 1259216 740230 518986 466063 313038 146396 6629 69545 69545 738851 734885 3966 50793 3729 47064 1310803 1186274 117520 7009 173625 101755 64071 7799 370221 370221 788532 788532 87822 964 86858 REPAIRS AND MAINTENANCE 415280 249291 163269 2720 SUPPLIES 323886 265413 57955 518 MISC EXPENSE 322251 92354 208941 20956 WEBSITE 143843 143843 986828 328492 592428 65908 13868873 9432567 4209694 226612 125212 420752 106075 96215 997609 859872 53757 67641 52398 38692 21141923 8717091 12623094 12424832 9718172 10058392 1629563 1798715 25305880 25765111 900273 765677 3196968 2164951 7195849 6634989 2398740 3420412 13691830 12986029 X 6589944 7795340 3032052 2865972 1992054 2117770 11614050 12779082 25305880 25765111 1165032 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 11019115 176872 1531710 1213347 11514350 9972011 38930 1349706 341532 11019115 9666664 8995 611352 314990 9972011 8333503 4757 1676389 347985 9666664 7954341 15085 862640 498563 8333503 0.56720 0.18390 0.24890 1 0 1071664 1071664 16242697 5901546 10341151 2497368 1542181 955187 1330194 1273364 56830 12424832 BENEFICIAL INTEREST IN PERPETUAL TRUST 1076455 CONTRIBUTION RECEIVABLE FROM REMAINDER TRUST 497531 DEBT ISSUANCE COSTS 224729 1798715 DUE TO STUDENT ORGANIZATIONS 66762 CAPITAL LEASE PAYMENTS 153650 LINE OF CREDIT 3200000 3420412 14376814 44104 44104 14332710 69545 631650 701195 15033905 13211782 0 13211782 69545 587546 657091 13868873 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 79 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 44,104. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 631,650. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 631,650. RENTAL EXPENSES -44,104. 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 AND FEDERAL REIMBURSEMENTS FOR THOSE STUDENTS QUALIFYING FOR FREE OR REDUCED LUNCH. 1 SCHOLARSHIPS FOR TUITION AND FEES. 32 631650 FMV SCHEDULE I, PART 1, LINE 2 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 D HILTON HEADMASTER 144606 0 0 0 0 0 2862 0 25652 0 173120 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 2 110101 FMV ON DATE OF GIFT X 1 16742 VALUED BY USDA X GIFTS IN KIND 28 20956 FMV 0 0 0 FORM 990, PART III, LINE 3 EFFECTIVE IN FISCAL YEAR 2013, THE SCHOOL DISCONTINUED ACCEPTED DESIGNATION AS THE PUBLIC HIGH SCHOOL FOR SEVERAL TOWNS IN THE CALEDONIA NORTH SUPERVISORY UNION. STUDENTS FROM THESE DISTRICTS CAN NOW INDEPENDENTLY APPLY FOR ADMISSION TO THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 2 HUSBAND & WIFE - LAURA ASTON AND RICHARD ASTON 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 MAY 17, 2010. LATER, AT THE JUN 8TH, 2010 MEETING OF THE EXECUTIVE COMMITTEE, THE COMMITTEE VOTED TO EXTEND THE HEADMASTER'S CONTRACT FOR 3 YEARS, ADJUSTED TO REFLECT HIS CURRENT SALARY. AS PART OF THE DISCUSSIONS, THE SCHOOL DID PREPARE SOME BENCHMARKS FOR THE COMMITTEE TO LOOK AT. THE BENCHMARKS CONSISTED OF THE THREE OTHER INDEPENDENT HIGH SCHOOLS IN THE STATE, ST. JOHNSBURY ACADEMY, BURR & BURTON, AND THETFORD ACADEMY, AS WELL AS WHITE MOUNTAIN SCHOOL IN NEARBY BETHLEHEM, NH. 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.