2013-05-14T15:16:25-05:00 2012-06-30 020476956 TYLER SIMMS & STSAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2011-07-01 030179600 VERMONT ACADEMY VERM 8028696200 PO BOX 500 SAXTONS RIVER VT 05154 020922 8028696200 2013-05-06 1 W JAY SIMMS P00435321 6036530044 2013-05-06 2011 2016-02-25 16:41:14Z SEAN P BRENNAN PO BOX 500 SAXTONS RIVER VT 05154 13080773 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. 29 26 236 15 29586 0 1465298 1338279 10297607 10801129 321058 170616 27400 45008 12111363 12355032 2122817 2071462 0 0 5186318 5685993 0 0 506698 4320234 4222151 11629369 11979606 481994 375426 22304248 22553322 5961322 5999477 16342926 16553845 TO PROVIDE A SUPPORTIVE COMMUNITY AND CLOSE PERSONAL ATTENTION TO ITS STUDENTS, VERMONT ACADEMY DEVELOPS CONFIDENT, ACTIVE LEARNERS AND RESPECTFUL CITIZENS 0 0 9636775 2071462 10337508 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. 219235 463621 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. 9856010 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 68 0 1 236 1 1 1 0 0 0 0 0 0 0 0 0 X 29 26 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 X SEAN P CAMPBELL 8028696200 10 LONG WALK VERMONT ACADEMY SAXTONS RIVER VT 05154 CORINA LUTHER BELLE-ISLE 1.00 X 0 0 0 CAROLYN BLITZ 1.00 X 0 0 0 MARK CANDON 1.00 X 0 0 0 MICHAEL A CHOUKAS 1.00 X X 0 0 0 CASEY COTA 1.00 X 0 0 0 CHRIS COTA 1.00 X X 0 0 0 CARRIE DUNN 1.00 X 0 0 0 STUART EISENKRAFT 1.00 X 0 0 0 LINDA FINK 1.00 X 0 0 0 WHITNEY GAY 1.00 X 0 0 0 PENNY GENDRON 1.00 X 0 0 0 ANNE HERBERT 1.00 X 0 0 0 MARY HELEN HOLZSCHUH 1.00 X 0 0 0 DAVID HOLTON 1.00 X 0 0 0 PENNY HOROWITZ 1.00 X 0 0 0 THE REV DR PETER HOWE 1.00 X 0 0 0 STEVEN E KAROL 1.00 X 0 0 0 TIMOTHY J LORD 1.00 X 0 0 0 DONALD G MCINNES 1.00 X 0 0 0 THE HONORABLE GEORGE P MOSER JR 1.00 X 0 0 0 MARVIN S NEUMAN 1.00 X 0 0 0 DAVID E ROBINSON 1.00 X X 0 0 0 LEE RYDER 1.00 X 0 0 0 CAROLYN SALZMAN 1.00 X 0 0 0 KEVIN J SEIFERT 1.00 X 0 0 0 COL RICHARD I STARK JR 1.00 X X 0 0 0 S TYLOR TREGELLAS 1.00 X 0 0 0 ANDREW WARD 1.00 X 0 0 0 NIKKI VAN DER VORD 1.00 X 0 0 0 SEAN P BRENNAN 40.00 X 153750 0 84378 SEAN P CAMPBELL 40.00 X 101411 0 7383 TOM OXHOLM 40.00 X 113875 0 33599 369036 0 125360 3 0 1 0 0 25732 1312547 180690 1338279 TUITION 611710 9285810 9285810 PROGRAM SUPPORTING REV 611710 1051698 1051698 SUMMER PROGRAM REV. 611710 463621 463621 10801129 134185 134185 761277 600 725446 0 35831 600 36431 36431 15717 25732 295 15422 15422 HOCKEY RINK RENTAL 713990 29586 29586 29586 12355032 10801129 29586 186038 2071462 2071462 292365 292365 4168555 3257082 680995 230478 190060 144354 35395 10311 697264 492901 169156 35207 337749 236425 84437 16887 10291 10291 45244 45244 17912 17912 40502 40502 275812 161192 89884 24736 38695 38695 212360 212360 192069 167398 15924 8747 79992 79992 685969 685969 126847 98795 28052 EDUCATION PROGRAM 431333 421941 9392 DINING HALL 404401 404401 PLANT EXPENSE 399202 399202 EQUIPMENT & MAINT. 234973 234973 1026549 708366 137851 180332 11979606 9856010 1616898 506698 1047976 926571 22414 24295 344618 440743 110527 111223 204465 188493 23695862 10861241 12228373 12834621 8344300 8025501 1575 1875 22304248 22553322 600697 737782 256847 207790 1884755 1833860 3219023 3220045 5961322 5999477 X 8807849 9044140 1966557 1657833 5568520 5851872 16342926 16553845 22304248 22553322 X 375426 -164507 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7799088 283352 -27860 251548 7803032 6753240 265860 1032345 252357 7799088 6170037 111219 725373 253389 6753240 7685562 37280 -1294471 258334 6170037 0.15150 0.74990 0.09860 0 0 182406 182406 19518929 7676770 11842159 1320699 1135361 185338 2631828 2049110 582718 42000 42000 12834621 ADVANCED TUITION 2621165 SPLIT-INTEREST ANNUITIES 549489 CAPITAL LEASE OBLIGATION 49391 3220045 12355032 11979606 375426 -176542 10180 1855 -164507 210919 10101151 -176542 10180 17277 -149085 10250236 17912 2086884 2104796 12355032 9890232 0 9890232 2089374 2089374 11979606 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 VERMONT ACADEMY'S NON-DISCRIMINATORY POLICY IS PUBLISHED IN SCHOOL LITERATURE AND MAGAZINE ADVERTISING, AND IN THE BOSTON GLOBE. PARENTS AUCTION 41449 25732 15717 295 41449 25732 15717 295 295 15422 1 FINANCIAL AID 92 2071462 FMV THE NAMES AND ADDRESSES OF THE RECEIPIENTS ARE AVAILABLE AT THE BUSINESS OFFICE. 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 SEAN P BRENNAN 153750 0 0 0 0 0 9225 0 75153 0 238128 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO THE HEAD OF SCHOOL. 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 X 11 156028 X MISCELLANEOUS 40 24662 FMV 0 0 1 THIRD PARTY USE: PART I, LINE 32B: VERMONT ACADEMY USES MOORS & CABOT, INC. TO SELL ANY STOCK CONTRIBUTIONS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: 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.