VERMONT ACADEMY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- VERMONT ACADEMY (EIN 03-0179600)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-14
- IRS object ID
- 201311349349306276
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T15:16:25-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 020476956 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TYLER SIMMS & STSAUVEUR CPAS PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 MORGAN DRIVE | AddressLine1 |
| City | LEBANON | City |
| State | NH | State |
| ZIP Code | 03766 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030179600 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERMONT ACADEMY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | VERM | NameControl |
| Phone | 8028696200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 500 | AddressLine1 |
| City | SAXTONS RIVER | City |
| State | VT | State |
| ZIP Code | 05154 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | 020922 | Name |
| Title | HEAD OF SCHOOL | Title |
| Phone | 8028696200 | Phone |
| Date Signed | 2013-05-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | W JAY SIMMS | Name |
| PTIN | P00435321 | PTIN |
| Phone | 6036530044 | Phone |
| Date Prepared | 2013-05-06 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | SEAN P BRENNAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 500 | AddressLine1 |
| City | SAXTONS RIVER | City |
| State | VT | State |
| ZIP Code | 05154 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 13080773 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | VERMONTACADEMY.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1876 | YearFormation |
| State Legal Domicile | VT | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 29 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 26 | NbrIndependentVotingMembers |
| Total Nbr Employees | 236 | TotalNbrEmployees |
| Total Nbr Volunteers | 15 | TotalNbrVolunteers |
| Total Gross UBI | 29586 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1465298 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1338279 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 10297607 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 10801129 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 321058 | InvestmentIncomePriorYear |
| Investment Income Current Year | 170616 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 27400 | OtherRevenuePriorYear |
| Other Revenue Current Year | 45008 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 12111363 | TotalRevenuePriorYear |
| Total Revenue Current Year | 12355032 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2122817 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2071462 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 5186318 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 5685993 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 506698 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4320234 | OtherExpensePriorYear |
| Other Expenses Current Year | 4222151 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 11629369 | TotalExpensesPriorYear |
| Total Expenses Current Year | 11979606 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 481994 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 375426 | RevenuesLessExpensesCY |
| Total Assets BOY | 22304248 | TotalAssetsBOY |
| Total Assets EOY | 22553322 | TotalAssetsEOY |
| Total Liabilities BOY | 5961322 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 5999477 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 16342926 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 16553845 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROVIDE A SUPPORTIVE COMMUNITY AND CLOSE PERSONAL ATTENTION TO ITS STUDENTS, VERMONT ACADEMY DEVELOPS CONFIDENT, ACTIVE LEARNERS AND RESPECTFUL CITIZENS | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 9636775 | Expense |
| Grants | 2071462 | Grants |
| Revenue | 10337508 | Revenue |
| Description | VERMONT ACADEMY IS 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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 219235 | Expense |
| Revenue | 463621 | Revenue |
| Description | 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. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 9856010 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 68 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 236 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 29 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 26 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEAN P CAMPBELL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8028696200 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 LONG WALK VERMONT ACADEMY | AddressLine1 |
| City | SAXTONS RIVER | City |
| State | VT | State |
| ZIP Code | 05154 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (32 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| CORINA LUTHER BELLE-ISLE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CAROLYN BLITZ | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MARK CANDON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MICHAEL A CHOUKAS | |||||||
| CHAIRMAN | 1.00 | X | 0 | 0 | 0 | X | |
| CASEY COTA | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CHRIS COTA | |||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | X | |
| CARRIE DUNN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| STUART EISENKRAFT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| LINDA FINK | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| WHITNEY GAY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| PENNY GENDRON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ANNE HERBERT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MARY HELEN HOLZSCHUH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DAVID HOLTON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| PENNY HOROWITZ | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| THE REV DR PETER HOWE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| STEVEN E KAROL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| TIMOTHY J LORD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DONALD G MCINNES | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| THE HONORABLE GEORGE P MOSER JR | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MARVIN S NEUMAN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DAVID E ROBINSON | |||||||
| VICE CHAIRMAN | 1.00 | X | 0 | 0 | 0 | X | |
| LEE RYDER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CAROLYN SALZMAN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| KEVIN J SEIFERT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| COL RICHARD I STARK JR | |||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X | |
| S TYLOR TREGELLAS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ANDREW WARD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| NIKKI VAN DER VORD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| SEAN P BRENNAN | |||||||
| HEADMASTER/PRESIDENT OF CORP | 40.00 | 153750 | 0 | 84378 | X | ||
| SEAN P CAMPBELL | |||||||
| ASS'T TREAS, CFO | 40.00 | 101411 | 0 | 7383 | X | ||
| TOM OXHOLM | |||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | 113875 | 0 | 33599 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 369036 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 125360 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 25732 | FundraisingEvents |
| All Other Contributions | 1312547 | AllOtherContributions |
| Noncash Contributions | 180690 | NoncashContributions |
| Total Contributions | 1338279 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION | 611710 | 9285810 | 9285810 |
| PROGRAM SUPPORTING REV | 611710 | 1051698 | 1051698 |
| SUMMER PROGRAM REV. | 611710 | 463621 | 463621 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 10801129 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 134185 | TotalRevenueColumn |
| Exclusion | $134,185 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 761277 | Securities |
| Other | 600 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 725446 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 35831 | Securities |
| Other | 600 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 36431 | TotalRevenueColumn |
| Exclusion | $36,431 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 15717 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 25732 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 295 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15422 | TotalRevenueColumn |
| Exclusion | $15,422 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | HOCKEY RINK RENTAL | Description |
| Business Code | 713990 | BusinessCode |
| Total Revenue Column | 29586 | TotalRevenueColumn |
| Unrelated Business Revenue | 29586 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 29586 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12355032 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10801129 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 29586 | UnrelatedBusinessRevenue |
| Exclusion | $186,038 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2071462 | Total |
| Program Services | 2071462 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 292365 | Total |
| Management And General | 292365 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4168555 | Total |
| Program Services | 3257082 | ProgramServices |
| Management And General | 680995 | ManagementAndGeneral |
| Fundraising | 230478 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 190060 | Total |
| Program Services | 144354 | ProgramServices |
| Management And General | 35395 | ManagementAndGeneral |
| Fundraising | 10311 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 697264 | Total |
| Program Services | 492901 | ProgramServices |
| Management And General | 169156 | ManagementAndGeneral |
| Fundraising | 35207 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 337749 | Total |
| Program Services | 236425 | ProgramServices |
| Management And General | 84437 | ManagementAndGeneral |
| Fundraising | 16887 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10291 | Total |
| Management And General | 10291 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45244 | Total |
| Management And General | 45244 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17912 | Total |
| Management And General | 17912 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40502 | Total |
| Program Services | 40502 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 275812 | Total |
| Program Services | 161192 | ProgramServices |
| Management And General | 89884 | ManagementAndGeneral |
| Fundraising | 24736 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38695 | Total |
| Program Services | 38695 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 212360 | Total |
| Program Services | 212360 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 192069 | Total |
| Program Services | 167398 | ProgramServices |
| Management And General | 15924 | ManagementAndGeneral |
| Fundraising | 8747 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79992 | Total |
| Program Services | 79992 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 685969 | Total |
| Program Services | 685969 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126847 | Total |
| Program Services | 98795 | ProgramServices |
| Management And General | 28052 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| EDUCATION PROGRAM | 431333 | 421941 | 9392 |
| DINING HALL | 404401 | 404401 | |
| PLANT EXPENSE | 399202 | 399202 | |
| EQUIPMENT & MAINT. | 234973 | 234973 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1026549 | Total |
| Program Services | 708366 | ProgramServices |
| Management And General | 137851 | ManagementAndGeneral |
| Fundraising | 180332 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11979606 | Total |
| Program Services | 9856010 | ProgramServices |
| Management And General | 1616898 | ManagementAndGeneral |
| Fundraising | 506698 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1047976 | BOY |
| EOY | 926571 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22414 | BOY |
| EOY | 24295 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 344618 | BOY |
| EOY | 440743 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 110527 | BOY |
| EOY | 111223 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 204465 | BOY |
| EOY | 188493 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 23695862 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 10861241 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12228373 | BOY |
| EOY | 12834621 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8344300 | BOY |
| EOY | 8025501 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1575 | BOY |
| EOY | 1875 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22304248 | BOY |
| EOY | 22553322 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 600697 | BOY |
| EOY | 737782 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 256847 | BOY |
| EOY | 207790 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1884755 | BOY |
| EOY | 1833860 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3219023 | BOY |
| EOY | 3220045 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5961322 | BOY |
| EOY | 5999477 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8807849 | BOY |
| EOY | 9044140 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1966557 | BOY |
| EOY | 1657833 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5568520 | BOY |
| EOY | 5851872 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16342926 | BOY |
| EOY | 16553845 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22304248 | BOY |
| EOY | 22553322 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 375426 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -164507 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7799088 | BeginningOfYearBalance |
| Contributions | 283352 | Contributions |
| Investment Earnings Or Losses | -27860 | InvestmentEarningsOrLosses |
| Other Expenditures | 251548 | OtherExpenditures |
| End Of Year Balance | 7803032 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6753240 | BeginningOfYearBalance |
| Contributions | 265860 | Contributions |
| Investment Earnings Or Losses | 1032345 | InvestmentEarningsOrLosses |
| Other Expenditures | 252357 | OtherExpenditures |
| End Of Year Balance | 7799088 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6170037 | BeginningOfYearBalance |
| Contributions | 111219 | Contributions |
| Investment Earnings Or Losses | 725373 | InvestmentEarningsOrLosses |
| Other Expenditures | 253389 | OtherExpenditures |
| End Of Year Balance | 6753240 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7685562 | BeginningOfYearBalance |
| Contributions | 37280 | Contributions |
| Investment Earnings Or Losses | -1294471 | InvestmentEarningsOrLosses |
| Other Expenditures | 258334 | OtherExpenditures |
| End Of Year Balance | 6170037 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.15150 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.74990 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.09860 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 182406 | OtherCostOrOtherBasis |
| Book Value | 182406 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 19518929 | OtherCostOrOtherBasis |
| Depreciation | 7676770 | Depreciation |
| Book Value | 11842159 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1320699 | OtherCostOrOtherBasis |
| Depreciation | 1135361 | Depreciation |
| Book Value | 185338 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2631828 | OtherCostOrOtherBasis |
| Depreciation | 2049110 | Depreciation |
| Book Value | 582718 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 42000 | OtherCostOrOtherBasis |
| Book Value | 42000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 12834621 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ADVANCED TUITION | $2,621,165 |
| SPLIT-INTEREST ANNUITIES | $549,489 |
| CAPITAL LEASE OBLIGATION | $49,391 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3220045 | TotalOfAmounts |
| Total Revenue | 12355032 | TotalRevenue |
| Total Expenses | 11979606 | TotalExpenses |
| Excess Or Deficit For Year | 375426 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -176542 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 10180 | DonatedServicesAndFacilities |
| Other | $1,855 | OtherAmount |
| Total Adjustments | -164507 | TotalAdjustments |
| Excess Or Deficit Per FS | 210919 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 10101151 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -176542 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 10180 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 17277 | OtherRevenues |
| Revenue Not Rptd F990 | -149085 | RevenueNotRptdF990 |
| Revenue Subtotal | 10250236 | RevenueSubtotal |
| Investment Expenses Not Included | 17912 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 2086884 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2104796 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 12355032 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 9890232 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 9890232 | ExpensesSubtotal |
| Other Expenses Not Included | 2089374 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2089374 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 11979606 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | VERMONT ACADEMY USES ENDOWMENT FUNDS IN SEVERAL WAYS-SPECIFIC FUNDS FOR STATED PURPOSES ARE USED FOR THOSE PURPOSES-PROMOTING THE PROGRAM AS STATED BY THE DONOR. 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 2,100,000 PER YEAR VERMONT ACADEMY USES ENDOWMENT FUNDS IN SEVERAL WAYS-SPECIFIC FUNDS FOR STATED PURPOSES ARE USED FOR THOSE PURPOSES-PROMOTING THE PROGRAM AS STATED BY THE DONOR. 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 2,100,000 PER YEAR VERMONT ACADEMY USES ENDOWMENT FUNDS IN SEVERAL WAYS. PECIFIC FUNDS FOR STATED PURPOSES ARE USED FOR THOSE PURPOSES, PROMOTING THE PROGRAM AS STATED BY THE DONOR. MOST FUNDS THAT ARE SPECIFICALLY DIRECTED ARE DIRECTED TO FINANCIAL AID SCHOLARSHIPS, AND THOSE FUND ARE USED FOR FINANCIAL AID SCHOLARSHIPSS. FINALLY, ANY UNSPECIFIED FUND ARE USED FOR GENERAL SUPPORT OF THE SCHOOL AND GENERALLY WOULD BE CONSIDERED TO HAVE BEEN SPENT ON FINANCIAL AID FOR THWICH THE SCHOOL SPENDS APPROZIMATELY $2,100,OOO PER YEAR. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES 295. FUNDRAISING INCOME -15,717. EXCLUDED CONTRIBUTIONS 17,277. TOTAL TO SCHEDULE D, PART XI, LINE 8: 1,855. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXCLUDED CONTRIBUTIONS 17,277. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 2,071,462. FUNDRAISING EXPENSES -295. FUNDRAISING INCOME 15,717. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 2,071,462. INVESTMENT EXPENSE 17,912. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | VERMONT ACADEMY'S NON-DISCRIMINATORY POLICY IS PUBLISHED IN SCHOOL LITERATURE AND MAGAZINE ADVERTISING, AND IN THE BOSTON GLOBE. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | PARENTS AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 41449 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 25732 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 15717 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 295 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 41449 | GrossReceiptsTotal |
| Charitable Contributions Total | 25732 | CharitableContributionsTotal |
| Gross Revenue Total Events | 15717 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 295 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 295 | DirectExpenseSummaryEvents |
| Net Income Summary | 15422 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FINANCIAL AID | TypeOfGrant |
| Number Of Recipients | 92 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 2071462 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | THE NAMES AND ADDRESSES OF THE RECEIPIENTS ARE AVAILABLE AT THE BUSINESS OFFICE. | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT THE BUSINESS OFFICE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SEAN P BRENNAN | NamePerson |
| Base Compensation Filing Org | 153750 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 9225 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 75153 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 238128 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | HOUSING IS PROVIDED TO THE HEAD OF SCHOOL. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| CHRIS A COTA | |||
| MEMBER OF THE BOD | 126026 | THE ACADEMY PURCHASES A PORTION OF ITS HEATING FUEL AND ALSO RECEIVES SERVICE ON THEIR HEATING EQUIPMENT FROM A COMPANY WHOSE SHAREHOLDER WAS ALSO A TRUSTEE OF THE ACADEMY | 0 |
| CASEY COTA | |||
| MEMBER OF THE BOD | 126026 | THE ACADEMY PURCHASES A PORTION OF ITS HEATING FUEL AND ALSO RECEIVES SERVICE ON THEIR HEATING EQUIPMENT FROM A COMPANY WHOSE SHAREHOLDER WAS ALSO A TRUSTEE OF THE ACADEMY | 0 |
| DAVID HOLTON | |||
| MEMBER OF THE BOD | 210177 | A TRUSTEE OF THE ACADEMY ALSO SERVES AS THE ACADEMY'S INSURANCE AGENT FOR THEIR PROPERTY AND CASUALTY INSURANCE | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 11 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 156028 | NoncashContribsRptdF990 |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | MISCELLANEOUS | Description |
| Number Of Contributions | 40 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 24662 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | VERMONT ACADEMY USES MOORS & CABOT, INC. TO SELL ANY STOCK CONTRIBUTIONS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | CHRIS COTA IS THE UNCLE OF CASEY COTA | |
| FORM 990, PART VI, SECTION B, LINE 11 | 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'S SALARY IS 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 OGRANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS SHOULD BE MADE TO THE BUSINESS OFFICE. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -176,542. DONATED SERVICES AND USE OF FACILITIES: 10,180. FUNDRAISING EXPENSES 295. FUNDRAISING INCOME -15,717. EXCLUDED CONTRIBUTIONS 17,277. TOTAL TO FORM 990, PART XI, LINE 5: -164,507. | CHANGES IN NET ASSETS OR FUND BALANCES: |
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