LYNDON INSTITUTE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- LYNDON INSTITUTE (EIN 03-0182055)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-11-13
- IRS object ID
- 201313179349300836
- Schema version
- 2012v2.1
- 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 I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-13T09:57:24-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | 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 | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030182055 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LYNDON INSTITUTE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LYND | NameControl |
| Phone | 8026266122 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 168 INSTITUTE CIRCLE | AddressLine1 |
| City | LYNDON CENTER | City |
| State | VT | State |
| ZIP Code | 05850 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD D HILTON | Name |
| Title | HEADMASTER | Title |
| Phone | 8026266122 | Phone |
| Date Signed | 2013-10-24 | 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 | 2013-10-22 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RICHARD D HILTON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | POBOX 127 | AddressLine1 |
| City | LYNDON CENTER | City |
| State | VT | State |
| ZIP Code | 05850 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 14841313 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LYNDONINSTITUTE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1923 | YearFormation |
| State Legal Domicile | VT | StateLegalDomicile |
| Activity Or Mission Description | LYNDON INSTITUTE IS AN ACADEMIC COMMUNITY PROVIDING STUDENTS WITH EXCELLENT PREPARATION FOR SUCCESS IN SCHOOL, COLLEGE, CAREERS, AND LIFE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 27 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 27 | NbrIndependentVotingMembers |
| Total Nbr Employees | 223 | TotalNbrEmployees |
| Total Nbr Volunteers | 16 | TotalNbrVolunteers |
| Total Gross UBI | 9626 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 8625 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 800261 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 715598 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12371320 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12388772 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 735954 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1505182 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 24407 | OtherRevenuePriorYear |
| Other Revenue Current Year | 43998 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 13931942 | TotalRevenuePriorYear |
| Total Revenue Current Year | 14653550 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 304878 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 461001 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6570221 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6776191 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 197740 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 5842486 | OtherExpensePriorYear |
| Other Expenses Current Year | 6245320 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 12717585 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13482512 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1214357 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1171038 | RevenuesLessExpensesCY |
| Total Assets BOY | 24991340 | TotalAssetsBOY |
| Total Assets EOY | 25305880 | TotalAssetsEOY |
| Total Liabilities BOY | 14548535 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 13691830 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10442805 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 11614050 | NetAssetsOrFundBalancesEOY |
| Mission Description | LYNDON INSTITUTE IS AN ACADEMIC COMMUNITY PROVIDING STUDENTS WITH EXCELLENT PREPARATION FOR SUCCESS IN SCHOOL, COLLEGE, CAREERS, AND LIFE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 8161575 | Expense |
| Grants | 461001 | Grants |
| Revenue | 12388772 | Revenue |
| Description | LYNDON INSTITUTE PROVIDES A HIGH SCHOOL EDUCATION TO ITS STUDENTS TO HELP PREPARE THEM FOR A SUCCESSFUL LIFE. SEVEN SENDING TOWNS (BURKE, EAST HAVEN, LYNDON, NEWARK, SUTTON, AND UNION DISTRICT #37 WHICH COMPRISES OF WHEELOCK AND SHEFFIELD) HAVE CONTRACTS WITH LYNDON INSTITUTE TO ACCEPT THEIR STUDENTS AUTOMATICALLY WITH NO ADMISSIONS NEEDED. THERE ARE VARIOUS NON-SENDING SCHOOLS, WHO OFFER SCHOOL CHOICE, AND THOSE STUDENTS HAVE CHOOSEN LYNDON INSTITUTE. LYNDON INSTITUTE OFFERS A RESIDENTIAL PROGRAM FOR SOME DOMESTIC STUDENTS (5-DAY BOARDING), BUT PRIMARILY INTERNATIONAL STUDENTS (7-DAY BOARDING). THESE NON-SENDING SCHOOLS AND INTERNATIONAL STUDENTS ARE A DIRECT RESULT OF RECRUITING EFFORTS THROUGH FAIRS, ETC. | Description |
| Total Program Service Expense | 8161575 | 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 | 1 | 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 | 1 | 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 | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| 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 | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | 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 |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 39 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 223 | 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 |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 27 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 27 | 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 | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | 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 | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | 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 |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEAGAN NEWLAND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8026266122 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 127 | AddressLine1 |
| City | LYNDON CENTER | City |
| State | VT | State |
| ZIP Code | 05850 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (28 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| DAVID ARONOFF | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| RICHARD ASHTON | ||||||
| PRESIDENT | 4.00 | X | 0 | 0 | 0 | X |
| LINDA BISHOP | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| EDMUND BUSCHMANN | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| EARL DANIELS | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| MARLIN DEVENGER | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| JEANNE ELLIOT | ||||||
| VICE PRESIDENT | 4.00 | X | 0 | 0 | 0 | X |
| 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 | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| JAMES MCDONALD | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| NORMAN MESSIER | ||||||
| SECRETARY | 4.00 | X | 0 | 0 | 0 | X |
| RANDALL NORTHROP | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | X |
| EMERY NOYES | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| RYAN NOYES | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| SARA SIMPSON | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| ELAINE SMITH | ||||||
| TREASURER | 4.00 | X | 0 | 0 | 0 | |
| DAVID STAHLER SR | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| LORRAINE MATTIES | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| TIFFANY YOUNG | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| RICHARD D HILTON | ||||||
| HEADMASTER | 40.00 | 124575 | 0 | 27599 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 124575 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 27599 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BROCK AND COMPANY INC | |||||
| 257 GREAT VALLEY PARKWAY | MALVERN | PA | 19355 | FOOD VENDOR | 735393 |
| APCO BUILDING MAINTENANCE INC | |||||
| 74 CRESCENT BEACH DR | BURLINGTON | VT | 05408 | MAINTENANCE | 413003 |
| KIRBY MOUNTAIN LAWNS AND LANDSCAPING | |||||
| 101 KIRBY ROAD | EAST BURKE | VT | 05832 | LAWNCARE | 143440 |
| PRESIDIO | |||||
| 10 SIXTH ROAD | WOBURN | MA | 01801 | TECHNOLOGY | 134372 |
| RUGGCO INC | |||||
| 259 CARTER ST | BARNET | VT | 05821 | CONSTRUCTION | 124021 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 540698 | GovernmentGrants |
| All Other Contributions | 174900 | AllOtherContributions |
| Noncash Contributions | 46084 | NoncashContributions |
| Total Contributions | 715598 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611600 | 9256868 | 9256868 |
| RESIDENTIAL PROGRAM IN | 611600 | 2703145 | 2703145 |
| FOOD SALES | 721310 | 133011 | 133011 |
| TRANSPORTATION | 480000 | 95125 | 95125 |
| ATHLETIC INCOME | 711210 | 15491 | 15491 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 185132 | TotalRevenueColumn |
| Related Or Exempt Function Income | 185132 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12388772 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 287260 | TotalRevenueColumn |
| Exclusion | $287,260 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 225539 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 181541 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 43998 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 43998 | TotalRevenueColumn |
| Unrelated Business Revenue | 9626 | UnrelatedBusinessRevenue |
| Exclusion | $34,372 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1224144 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 6222 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1224144 | Securities |
| Other | -6222 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1217922 | TotalRevenueColumn |
| Exclusion | $1,217,922 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14653550 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12388772 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 9626 | UnrelatedBusinessRevenue |
| Exclusion | $1,539,554 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 461001 | Total |
| Program Services | 461001 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 137600 | Total |
| Management And General | 137600 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5167815 | Total |
| Program Services | 3444087 | ProgramServices |
| Management And General | 1645891 | ManagementAndGeneral |
| Fundraising | 77837 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1091111 | Total |
| Program Services | 648574 | ProgramServices |
| Management And General | 418479 | ManagementAndGeneral |
| Fundraising | 24058 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 379665 | Total |
| Program Services | 242293 | ProgramServices |
| Management And General | 131263 | ManagementAndGeneral |
| Fundraising | 6109 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66828 | Total |
| Management And General | 66828 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 809364 | Total |
| Program Services | 746265 | ProgramServices |
| Management And General | 63099 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50169 | Total |
| Program Services | 7568 | ProgramServices |
| Management And General | 39744 | ManagementAndGeneral |
| Fundraising | 2857 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 730402 | Total |
| Program Services | 474382 | ProgramServices |
| Management And General | 256020 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 130178 | Total |
| Program Services | 105595 | ProgramServices |
| Management And General | 22947 | ManagementAndGeneral |
| Fundraising | 1636 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 561272 | Total |
| Program Services | 182859 | ProgramServices |
| Management And General | 378413 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 738169 | Total |
| Program Services | 111348 | ProgramServices |
| Management And General | 626821 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 230319 | Total |
| Program Services | 197720 | ProgramServices |
| Management And General | 32599 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| REPAIRS AND MAINTENANCE | 1016992 | 769786 | 238969 | 8237 |
| COMMISSIONS AND RECRUIT | 346258 | 346258 | ||
| PROFESSIONAL FEES | 231237 | 227237 | 4000 | |
| MISC EXPENSE | 223332 | 106210 | 117122 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1110800 | Total |
| Program Services | 663887 | ProgramServices |
| Management And General | 373907 | ManagementAndGeneral |
| Fundraising | 73006 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13482512 | Total |
| Program Services | 8161575 | ProgramServices |
| Management And General | 5123197 | ManagementAndGeneral |
| Fundraising | 197740 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 369959 | BOY |
| EOY | 125212 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 139878 | BOY |
| EOY | 106075 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1226402 | BOY |
| EOY | 997609 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72059 | BOY |
| EOY | 53757 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43167 | BOY |
| EOY | 52398 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 20647368 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 8024274 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12795363 | BOY |
| EOY | 12623094 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8790408 | BOY |
| EOY | 9718172 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1554104 | BOY |
| EOY | 1629563 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24991340 | BOY |
| EOY | 25305880 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1340944 | BOY |
| EOY | 900273 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3588612 | BOY |
| EOY | 3196968 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7685888 | BOY |
| EOY | 7195849 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1933091 | BOY |
| EOY | 2398740 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14548535 | BOY |
| EOY | 13691830 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5893670 | BOY |
| EOY | 6589944 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2620256 | BOY |
| EOY | 3032052 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1928879 | BOY |
| EOY | 1992054 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10442805 | BOY |
| EOY | 11614050 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24991340 | BOY |
| EOY | 25305880 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 1171038 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 207 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommittee |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9972011 | BeginningOfYearBalance |
| Contributions | 38930 | Contributions |
| Investment Earnings Or Losses | 1349706 | InvestmentEarningsOrLosses |
| Other Expenditures | 341532 | OtherExpenditures |
| End Of Year Balance | 11019115 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9666664 | BeginningOfYearBalance |
| Contributions | 8995 | Contributions |
| Investment Earnings Or Losses | 611352 | InvestmentEarningsOrLosses |
| Other Expenditures | 314990 | OtherExpenditures |
| End Of Year Balance | 9972011 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8333503 | BeginningOfYearBalance |
| Contributions | 4757 | Contributions |
| Investment Earnings Or Losses | 1676389 | InvestmentEarningsOrLosses |
| Other Expenditures | 347985 | OtherExpenditures |
| End Of Year Balance | 9666664 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7954341 | BeginningOfYearBalance |
| Contributions | 15085 | Contributions |
| Investment Earnings Or Losses | 862640 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 498563 | GrantsOrScholarships |
| End Of Year Balance | 8333503 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.27520 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.18080 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.27520 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1057814 | OtherCostOrOtherBasis |
| Book Value | 1057814 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15898199 | OtherCostOrOtherBasis |
| Depreciation | 5486027 | Depreciation |
| Book Value | 10412172 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2394915 | OtherCostOrOtherBasis |
| Depreciation | 1463002 | Depreciation |
| Book Value | 931913 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1296440 | OtherCostOrOtherBasis |
| Depreciation | 1075245 | Depreciation |
| Book Value | 221195 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 12623094 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| BENEFICIAL INTEREST IN PERPETUAL TRUST | 973633 |
| CONTRIBUTION RECEIVABLE FROM REMAINDER TRUST | 487673 |
| DEBT ISSUANCE COSTS | 168257 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 1629563 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO STUDENT ORGANIZATIONS | $34,601 |
| CAPITAL LEASE PAYMENTS | $264,139 |
| LINE OF CREDIT | $2,100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2398740 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 14232001 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 207 | NetUnrealizedGainsInvestments |
| Other Revenues | 119030 | OtherRevenues |
| Revenue Not Rptd F990 | 119237 | RevenueNotRptdF990 |
| Revenue Subtotal | 14112764 | RevenueSubtotal |
| Investment Expenses Not Included | 66828 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 473958 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 540786 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 14653550 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13060756 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -12957 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -12957 | ExpensesNotRptdF990 |
| Expenses Subtotal | 13073713 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 66828 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 341971 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 408799 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 13482512 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| RENTAL EXPENSES 88,454. CIRCUS SMIRKUS EXPENSES 30,576. | PART XI, LINE 2D - OTHER ADJUSTMENTS: | |
| COMMODITIES 12,957. FINANCIAL AID 461,001. | PART XI, LINE 4B - OTHER ADJUSTMENTS: | |
| COMMODITIES -12,957. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| FINANCIAL AID 461,001. RENTAL EXPENSES -88,454. CIRCUS SMIRKUS EXPENSES -30,576. | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
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 | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE SCHOOL DOES NOT ADVERTISE FOR STUDENTS IN THAT LYNDON INSTITUTE IS THE DESIGNATED AREA HIGH SCHOOL. FOR THE RESIDENTIAL STUDENTS, RECRUITERS AND LYNDON EMPLOYEES TRAVEL TO LET FOREIGN STUDENTS KNOW ABOUT THE PROGRAMS THAT THE SCHOOL OFFERS. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | 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. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 0 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS FOR TUITION AND FEES. | TypeOfGrant |
| Number Of Recipients | 23 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 461001 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | FINANCIAL AID: 12 SCHOLARSHIPS FOR 7-DAY BOARDERS TOTALING $331,000, 7 SCHOLARSHIPS FOR 5-DAY BOARDERS TOTALING $85,209, AND 4 SCHOLARSHIPS FOR DAY STUDENTS TOTALING $44,792 . | DescriptionOfNonCashAssistance |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 0 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| 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 | RICHARD D HILTON | NamePerson |
| Title | HEADMASTER | Title |
| Base Compensation Filing Org | 124575 | 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 | 2343 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 25256 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 152174 | 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 | 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. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERMONT ECONOMIC DEVELOPMENT AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 036024497 | IssuerEIN |
| Date Issued | 2006-10-05 | DateIssued |
| Issue Price | 5353000 | IssuePrice |
| Description Of Purpose | TO FUND CONSTRUCTION OF THE CAMPBELL DORMITORY | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | 5353000 | TotalProceeds |
| Issuance Costs From Proceeds | 105046 | IssuanceCostsFromProceeds |
| Working Capital Expenditures | 2096016 | WorkingCapitalExpenditures |
| Capital Expenditures | 3151938 | CapitalExpenditures |
| Year Of Subst Completion | 2008 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 0 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Iss Meet Prvt Security Pay Test | 0 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 0 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiled |
| Rebate Not Due Yet | 0 | RebateNotDueYet |
| Exception To Rebate | 0 | ExceptionToRebate |
| No Rebate Due | 0 | NoRebateDue |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqs |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETER HOPKINE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | BOARD MEMEBER | Relationship |
| Amount Of Transaction | 301907 | AmountOfTransaction |
| Description Of Transaction | PURCHASE OF HEATING FUEL FROM HOPKINS OIL, OF WHICH PETER HOPKINS, TRUSTEE. IS AN OWNER. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 12018 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV ON DATE OF GIFT | MethodOfDeterminingRevenues |
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 12957 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | VALUED BY USDA | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | GIFTS IN KIND | Description |
| Number Of Contributions | 30 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 21109 | 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 | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | HUSBAND & WIFE - LAURA ASTON AND RICHARD ASTON; FATHER & SON- EMERY NOYES AND RYAN NOYES |
| 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 EACH DISTRICT WHICH HAS DESIGNATED LYNDON INSTITUTE AS ITS HIGH SCHOOL AND HAS BEEN ACCEPTED BY LYNDON INSTITUTE AS A SENDING DISTRICT. |
| 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. |
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