LYNDON INSTITUTE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- LYNDON INSTITUTE (EIN 03-0182055)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-02-15
- IRS object ID
- 201100469349300605
- Schema version
- 2009v1.7
- 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 K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-02-15T07:44:08-06:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sullivan Powers & Company | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 Barre St PO Box 947 | AddressLine1 |
| City | Montpelier | City |
| State | VT | State |
| ZIP Code | 05601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | 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 | 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 | PO Box 127 | AddressLine1 |
| City | Lyndon Center | City |
| State | VT | State |
| ZIP Code | 05850 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KRISTEN LEPINE | Name |
| Title | ASSISTANT HEAD FOR FINANCE | Title |
| Phone | 8026261354 | Phone |
| Date Signed | 2011-02-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8022232352 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RICK HILTON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 127 | AddressLine1 |
| City | Lyndon Center | City |
| State | VT | State |
| ZIP Code | 05850 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 14309234 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| 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 | 228 | TotalNbrEmployees |
| Total Nbr Volunteers | 48 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1216885 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 853816 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 10157820 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 10817589 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 323870 | InvestmentIncomePriorYear |
| Investment Income Current Year | 146987 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 82771 | OtherRevenuePriorYear |
| Other Revenue Current Year | 58064 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 11781346 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11876456 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 21550 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 16100 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 103500 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 130097 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 287461 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 11576512 | OtherExpensePriorYear |
| Other Expenses Current Year | 12090676 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 11701562 | TotalExpensesPriorYear |
| Total Expenses Current Year | 12236873 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 79784 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -360417 | RevenuesLessExpensesCY |
| Total Assets BOY | 20183487 | TotalAssetsBOY |
| Total Assets EOY | 22619998 | TotalAssetsEOY |
| Total Liabilities BOY | 12450275 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 14464504 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 7733212 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 8155494 | 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 | 10410008 | Expense |
| Grants | 16100 | Grants |
| Revenue | 10765821 | 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 Wheelock and Sheffield) have contracts with Lyndon Institute to accept their students automatically with no admissions needed. There are also various non-sending schools, who offer school choice and foreign overseas students who are a direct result of recruiting efforts through fairs, etc. The non-sending schools and the foreign overseas students are all part of the residential program and are provided dormitory living spaces. | Description |
| Total Program Service Expense | 10410008 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 | 0 | 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 | 24 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 228 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| 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 |
| Nbr Voting Governing Body Members | 27 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 27 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MEAGAN NEWLAND | NamePerson |
| 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 | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| Richard D Ashton | ||||||
| President | 4.00 | X | X | 0 | 0 | 0 |
| Jeanne A Elliott | ||||||
| Vice President | 4.00 | X | X | 0 | 0 | 0 |
| Norman R Messier | ||||||
| Secretary | 4.00 | X | X | 0 | 0 | 0 |
| Randall Northrop | ||||||
| Treasurer | 4.00 | X | X | 0 | 0 | 0 |
| Stephen A Gray | ||||||
| Member at Large | 4.00 | X | 0 | 0 | 0 | |
| Donald R Simpson | ||||||
| Member at Large | 4.00 | X | 0 | 0 | 0 | |
| Edmund A Buschmann | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Marlin W Devenger | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Robert G Heath | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Richard H Lawrence | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| David R Stahler Sr | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Douglas E Wheeler | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Judge Lois F White | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Tiffany L Young | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| David B Aronoff | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Meredith R Feltus | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| James A Gallagher | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| James C Gallagher | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Peter C Hopkins | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Emery J Noyes | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Elaine A Smith | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Mark E Wheeler | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Earl F Daniels III | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Joseph C Flynn | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Elizabeth P Koenig | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| James A McDonald | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Sara J Simpson | ||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |
| Richard Hilton | ||||||
| Headmaster | 40.00 | X | 110634 | 0 | 20596 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 110634 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 20596 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| HP Cummings | |||||
| PO Box 269 | Woodsville | NH | 03785 | Construction | 637978 |
| Brock and Company Inc | |||||
| 257 Great Valley Parkway | Malvern | PA | 19355 | Food Service Vendor | 573158 |
| Ruggco Inc | |||||
| PO Box 127 | Barnet | VT | 05821 | Construction | 214637 |
| Drummey Rosane Anderson Inc | |||||
| 141 Herrick Road | Newton Centre | MA | 02459 | Architects | 103884 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Government Grants | 538327 | GovernmentGrants |
| All Other Contributions | 315489 | AllOtherContributions |
| Noncash Contributions | 151723 | NoncashContributions |
| Total Contributions | 853816 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition/Fees | 611110 | 7534172 | 7534172 |
| Residential Program In | 611110 | 2897545 | 2897545 |
| State Programs | 611110 | 156861 | 156861 |
| Food Sales | 721310 | 156528 | 156528 |
| Transportation | 480000 | 56278 | 56278 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16205 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16205 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 10817589 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 275787 | TotalRevenueColumn |
| Exclusion | $275,787 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 18800 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 37768 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -18968 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -18968 | TotalRevenueColumn |
| Exclusion | -$18,968 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2252960 | Securities |
| Other | 13250 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2368348 | Securities |
| Other | 26662 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -115388 | Securities |
| Other | -13412 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -128800 | TotalRevenueColumn |
| Related Or Exempt Function Income | -128800 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Circus Smirkus summer | 611110 | 34136 | 34136 |
| Other Revenue | 611110 | 28624 | 28624 |
| Bookstore revenue | 611110 | 6992 | 6992 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7280 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7280 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 77032 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11876456 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10765821 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $256,819 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16100 | Total |
| Program Services | 16100 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 130097 | Total |
| Management And General | 130097 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1399459 | Total |
| Program Services | 1399459 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 453126 | Total |
| Program Services | 453126 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 586468 | Total |
| Program Services | 586468 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Regular Programs | 4026363 | 4026363 | ||
| Administration | 1409307 | 1409307 | ||
| Residential | 1357624 | 1357624 | ||
| Fixed Costs | 1320352 | 1320352 | ||
| Fundraising | 287461 | 287461 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1250516 | Total |
| Program Services | 1250516 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12236873 | Total |
| Program Services | 10410008 | ProgramServices |
| Management And General | 1539404 | ManagementAndGeneral |
| Fundraising | 287461 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1240 | BOY |
| EOY | 2897 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 276957 | BOY |
| EOY | 380781 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72694 | BOY |
| EOY | 141974 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52711 | BOY |
| EOY | 58823 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15582 | BOY |
| EOY | 10864 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24485 | BOY |
| EOY | 47707 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 20412669 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 6970599 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11645539 | BOY |
| EOY | 13442070 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6859614 | BOY |
| EOY | 7239207 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 162024 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1072641 | BOY |
| EOY | 1295675 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20183487 | BOY |
| EOY | 22619998 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1109377 | BOY |
| EOY | 954507 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2125854 | BOY |
| EOY | 2132522 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 5029647 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9123421 | BOY |
| EOY | 5690317 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91623 | BOY |
| EOY | 657511 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12450275 | BOY |
| EOY | 14464504 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3661522 | BOY |
| EOY | 4531578 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1546360 | BOY |
| EOY | 1828142 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2525330 | BOY |
| EOY | 1795774 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7733212 | BOY |
| EOY | 8155494 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20183487 | BOY |
| EOY | 22619998 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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
| 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 | 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 | 0.60000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.22000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.18000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14969107 | OtherCostOrOtherBasis |
| Depreciation | 4692977 | Depreciation |
| Book Value | 10276130 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5443562 | OtherCostOrOtherBasis |
| Depreciation | 2277622 | Depreciation |
| Book Value | 3165940 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 13442070 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| SALARY ADVANCE | 6181 |
| DEBT ISSUE COSTS | 180210 |
| BENEFICIAL INTEREST IN PERPETUAL TRUSTS | 808712 |
| CONTRIBUTION RECEIVABLE FROM REMAINDER TRUST | 300572 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 1295675 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO STUDENT ORGANIZATIONS | $110,164 |
| CAPITAL LEASE PAYABLE | $547,347 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 657511 | TotalOfAmounts |
| Total Revenue | 11876456 | TotalRevenue |
| Total Expenses | 12236873 | TotalExpenses |
| Excess Or Deficit For Year | -360417 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 782699 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 782699 | TotalAdjustments |
| Excess Or Deficit Per FS | 422282 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 12710335 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 782699 | NetUnrealizedGainsInvestments |
| Other Revenues | 51180 | OtherRevenues |
| Revenue Not Rptd F990 | 833879 | RevenueNotRptdF990 |
| Revenue Subtotal | 11876456 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 11876456 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 12288053 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 51180 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 51180 | ExpensesNotRptdF990 |
| Expenses Subtotal | 12236873 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 12236873 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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: |
| Part XII, Line 2d - Other Adjustments: | RENTAL INCOME: 37768. LOSS ON SALE OF ASSETS: 13412. | |
| Part XIII, Line 2d - Other Adjustments: | RENTAL EXPENSES: 37768. LOSS ON SALE OF ASSETS: 13412. |
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 |
| Pub Via Broadcast Media Expln | 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 foriegn students know about the programs that the Institute offers. | PubViaBroadcastMediaExpln |
| 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 |
| Govt Financial Aid Explanation | LYNDON RECEIVES STATE MONEY TO PROVIDE PROGRAMS SUCH AS ADULT EDUCATION. THEY ALSO RECEIVED FEDERAL PERKINS PROGRAM ASSISTANCE TO AID IN THE GENERAL COSTS OF TUITION. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
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 | Various scholarships and awards granted to graduating students who are pursuing college. | TypeOfGrant |
| Number Of Recipients | 58 | NumberOfRecipients |
| Amount Of Cash Grant | 16100 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: A committee of 5 individuals (Director of Studies, Dean of Faculty, Assistant Head for Campus Life, Dean of Students and Director of College Career Center) meet to assign students the awards for Honor Assembly. They use a list of students by GPA as well as lists of students and where they intend to attend college. The committee is given a list of awards available by the Administrative Assistant to the Headmaster. The group researches certain awards to assure the student is eligible for the award per the grantor. The group then works with the Business Office and uses the Davenport spreadsheet for month end 12/31/XX to assign the amount available for the award. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
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 THE CONSTRUCTION OF THE CAMPBELL DORMITORY | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 1 | AdequateBooksAndRecdsMaintaind |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| PETE HOPKINS | |||
| BROTHER OWNS OIL COMPANY | 256838 | PURCHASE OF HEATING OIL THROUGH HOPKINS OIL/BOURNE'S | 0 |
| (no name) | |||
| 0 | |||
Schedule M IRS990ScheduleM
Cars And Other Vehicles CarsAndOtherVehicles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 3756 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Sale of comparable prop | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 102170 | 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 | 11688 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Valued by the USDA | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Gift Certificates to various businesses | 12 | 954 | Valued by donor |
| X | Decals | 1 | 561 | Cost to purchase decals |
| X | Sofa for Dorm | 1 | 936 | Vendor cost of new sofa |
| X | Spray paints and racks | 1 | 2232 | Vendor cost |
| 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)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section A, line 6 | The members (corporators) of the Institute shall consist of not less than fifty (50) and not more than one hundred fifty (150) 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 twenty-seven (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 and 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 | We montior 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 the relationship to the School. |
| Form 990, Part VI, Section B, line 15a | The contract and compensation for the Headmaster were discussed in executive session of the Executive Committee on May 17, 2010. Later, at the June 8, 2010 meeting of the Executive Committee, the committee voted to extend the headmaster's contract for three years, adjusted to reflect his current salary. As part of discussions, we did prepare some benchmarks for the committee to look at. We used the four independent high schools in Vermont, Lyndon Institute, St. Johnsbury Academy, Burr & Burton, and Thetford Academy, along with White Mountain School in nearby Bethlehem, NH. No other officers were compensated and there School does not have any key employees. |
| Form 990, Part VI, Section C, line 18 | Lyndon Institute is not required to make it Form 1024 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. |
| Form 990, Part VI, Section C, line 19 | Lyndon Institute makes its governing documents and financial statements available to the public upon each individual request. |
| Part XI; Line 2C | The Assistant Head for Finance determines if a change in the independent accounting firm is necessary or the contract term is up. After this determination is made the Business Office will send out an RFP, request for proposal, to firms determined by the Assistant Head for Finance. The Business Office will collect and review the proposals and present them to the Finance Committee of the Board of Trustees. The Finance Committee considers the recommendations of the Business Office and then makes their recommendation to the Executive Committee of the Board of Trustees, who then votes to approve the recommendation. For the review of the audited financial statements, the Comptroller and Assistant Head for Finance revieww the draft financial statements and then they present to the Finance Committee for their review and final approval. |
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