2012-05-10T11:16:49-05:00 2011-06-30 TYLER SIMMS & STSAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2010-07-01 030350587 THE SHARON ACADEMY SHAR 8027632500 P O BOX 207 SHARON VT 05065 MICHAEL LIVINGSTON 8027632500 2012-04-23 1 JAMES N GODFREY CPA 6036530044 2012-04-23 2010 2016-02-24 21:20:13Z MICHAEL LIVINGSTON P O BOX 207 SHARON VT 05065 2429947 0 X WWW.SHARONACADEMY.ORG X 1996 VT EDUCATION GRADES 7-12 16 16 71 0 0 0 151846 211282 2053167 2199343 30277 19322 5619 0 2240909 2429947 0 2801 0 0 1663021 1673075 0 0 53857 558720 706083 2221741 2381959 19168 47988 3606047 3745215 867104 859535 2738943 2885680 EDUCATION GRADES 7-12 0 0 1839396 2801 2199343 166 STUDENTS GRADES 7-12 WERE EDUCATED BY TEACHERS/EMPLOYEES 1839396 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 8 0 1 71 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MICHAEL LIVINGSTON 8027632500 P O BOX 207 SHARON VT 05065 PETER TEACHOUT 1.00 X X 0 0 0 JIM NOURSE 1.00 X X 0 0 0 BRAD ATWOOD 1.00 X X 0 0 0 TRUDI BROCK 1.00 X X 0 0 0 ROB ANDEREGG 1.00 X X 0 0 0 BARBARA BARNES 1.00 X 0 0 0 JENNIFER BROWN 1.00 X 0 0 0 CHARLOTTE FACCIO 1.00 X 0 0 0 PHYLLIS FORBES 1.00 X 0 0 0 CATHERINE KOREN 1.00 X 3578 0 0 JENEPHER LINGELBACH 1.00 X 0 0 0 MILLYN MOORE 1.00 X 0 0 0 JULIA PATTISON 1.00 X 0 0 0 SUSAN COLE PETERS 1.00 X 0 0 0 JOHN ROE 1.00 X 0 0 0 KEN WRIGHT 1.00 X 287 0 0 MICHAEL LIVINGSTON 40.00 X 84686 0 16489 88551 0 16489 0 0 0 0 0 211282 48288 211282 TUITION & FEES 611710 2081729 2081729 PROGRAM REVENUES 611710 117614 117614 2199343 19322 19322 2429947 2199343 0 19322 2801 2801 99548 99548 1235594 949178 246867 39549 21679 15609 5420 650 208599 162315 39521 6763 107655 77511 26914 3230 16285 16285 6132 6132 3366 3366 101624 73169 25406 3049 721 721 3793 3793 37066 37066 128934 128934 20546 14793 5137 616 DISCONTINUED OPERATIONS 178003 178003 BOOKS AND PROGRAMS 57078 57078 SUPPLIES 27747 27747 SPORTS 26729 26729 FIELD TRIPS 25610 25610 72449 54973 17476 2381959 1839396 488706 53857 10323 9671 192516 178420 40639 30567 3693 27195 3628538 852993 2809000 2775545 479451 699038 50000 20425 0 24779 3606047 3745215 4088 27283 23086 587465 264422 809166 11129 0 867104 859535 X 2633870 2774029 20264 26842 84809 84809 2738943 2885680 3606047 3745215 X 47988 98749 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 355630 1150 74490 11795 419475 308284 12011 33330 -2005 355630 182300 4425 45234 -76325 308284 0.79780 0.20220 0 0 317941 317941 2431757 456006 1975751 429497 129032 300465 422091 253405 168686 27252 14550 12702 2775545 2429947 2381959 47988 98748 1 98749 146737 2344071 98748 98748 2245323 184624 184624 2429947 2199833 0 2199833 182126 182126 2381959 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE BOARD OF TRUSTEES INTENDS THE ENDOWMENT FUND TO BE A LONG-TERM INVESTMENT WHOSE PRINCIPAL OF THE BOARD-DESIGNATED FUNDS WILL REMAIN INVESTED AND WHOSE INTEREST, EITHER IN PART OR IN TOTAL, WILL BE USED, ONCE THE ENDOWMENT FUND HAS GROWN TO A REASONABLE AND SUFFICIENT SIZE, TO SUPPLEMENT THE INCOME OF THE ACADEMY. PART XI, LINE 8 - OTHER ADJUSTMENTS: ROUNDING 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,801. DISCONTINUED OPERATIONS 181,823. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,801. ROUNDING 1. DISCONTINUED OPERATIONS 179,324. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ADVERTISING FOR TEACHING POSITIONS INDICATE SHARON ACADEMY IS AN EQUAL OPPORTUNITY EMPLOYER. STUDENT APPLICATION FORMS INCLUDE STATEMENT THAT THE ACADEMY IS RACIALLY NONDISCRIMINATORY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 TUITION FOR MANY STUDENTS IS PAID BY THEIR LOCAL SCHOOL DISTRICT. LADAKH, INDIA 0 0 STUDENTS STUDY ABROAD EDUCATION OF STUDENTS 179324 0 0 0 0 0 0 179324 0 179324 0 0 0 0 0 0 0 FINANCIAL AID 7 2801 FMV TUITION ASSISTANCE THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT SHARON ACADEMY. X 3 18288 FMV X FURNITURE 1 30000 FMV 0 0 1 THIRD PARTY USE: PART I, LINE 32B: THE SHARON ACADEMY USES CHARLES SCHWAB, INC. TO SELL ANY STOCK CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE WILL REVIEW THE FORM 990 FOR ACCURACY AND APPROVE IT BEFORE THE FILING DEADLINE. THE FINANCE COMMITTEE WILL THEN REPORT THE FINDINGS OF THE FORM 990 TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES PROVIDE THE CHAIRPERSON WITH A LIST OF BUSINESSES AND NONPROFIT ORGANIZATIONS WITH WHICH THEY ARE AFFILIATED. IT IS THE RESPONSIBILITY OF EACH MEMBER OF THE BOARD OF TRUSTEES TO DISCLOSE ANY DISQUALIFYING RELATIONSHIP RELATING TO ANY PROPOSED TRANSACTIONS AND TO ABSTAIN FROM DISCUSSING, VOTING ON, OR OTHERWISE ATTEMPTING TO INFLUENCE THE DECISION ON THE PROPOSED ACTION. HOWEVER, THE INDIVIDUAL TRUSTEES MAY PROVIDE INFORMATION IF THEY ARE REQUESTED TO DO SO. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE SALARY FOR MICHAEL LIVINGSTON, THE HEAD OF SCHOOL. THE HEAD OF SCHOOL DETERMINES THE SALARIES FOR ALL OTHER EMPLOYEES. FACULTY MEMBERS ARE ON A SALARY PLAN WITH A SPECIFIC FORMULA TO DETERMINE THEIR STARTING SALARIES AND THEIR SALARY INCREASES AT SPECIFIC PERCENTAGES PLUS INFLATION EACH YEAR. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 1023 AND THE FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 98,748. ROUNDING 1. TOTAL TO FORM 990, PART XI, LINE 5: 98,749.