VERMONT ACADEMY: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- VERMONT ACADEMY (EIN 03-0179600)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-02-14
- IRS object ID
- 201120459349301357
- 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 G
- Schedule I
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-02-14T15:41:32-06:00 | 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 | 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 | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030179600 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERMONT ACADEMY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | VERM | NameControl |
| Phone | 8028696200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 500 | AddressLine1 |
| City | SAXTONS RIVER | City |
| State | VT | State |
| ZIP Code | 05154 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Sean P Brennan | Name |
| Title | Head of School | Title |
| Phone | 8028696200 | Phone |
| Date Signed | 2011-02-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | W JAY SIMMS | Name |
| Phone | 6036530044 | 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 | Sean P Brennan | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 500 | AddressLine1 |
| City | SAXTONS RIVER | City |
| State | VT | State |
| ZIP Code | 05154 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 11553894 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | vermontacademy.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1876 | YearFormation |
| State Legal Domicile | VT | StateLegalDomicile |
| Activity Or Mission Description | We are devoted to creating confident and independent learners through personal attention in a unique Vermont environment. We believe in our students and in their capacity to learn and TO develop into responsible, self-disciplined adults. Our faculty and staff are committed to helping students discover their individual talents and develop the character, strength, and skills to meet the challenges in their lives. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 21 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 233 | TotalNbrEmployees |
| Total Nbr Volunteers | 15 | TotalNbrVolunteers |
| Total Gross UBI | 25200 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1408592 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1453410 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 9402020 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 9560882 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 89076 | InvestmentIncomePriorYear |
| Investment Income Current Year | 505631 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 20525 | OtherRevenuePriorYear |
| Other Revenue Current Year | 25200 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 10920213 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11545123 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2052890 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2013611 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6025871 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4437458 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 409067 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4491496 | OtherExpensePriorYear |
| Other Expenses Current Year | 3924924 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 12570257 | TotalExpensesPriorYear |
| Total Expenses Current Year | 10375993 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1650044 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1169130 | RevenuesLessExpensesCY |
| Total Assets BOY | 20358960 | TotalAssetsBOY |
| Total Assets EOY | 21110308 | TotalAssetsEOY |
| Total Liabilities BOY | 6851811 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 6116581 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 13507149 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 14993727 | NetAssetsOrFundBalancesEOY |
| Mission Description | To Provide a supportive community and close personal attention to its students, Vermont Academy develops confident, active learners and respectful citizens | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 8391227 | Expense |
| Grants | 2013611 | Grants |
| Revenue | 9132139 | Revenue |
| Description | Vermont Academy is a private boarding and day school that provides a broad curriculum and an extensive athletic program. Programs of note are found in the Learning Skills Program, the Arts, and in the science and engineering curriculum. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 324785 | Expense |
| Revenue | 428743 | Revenue |
| Description | Vermont Academy is host to a program held during the summer recess that features educational and professional study and review for premier scientists in the field of biology and life science. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 8716012 | 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 | 0 | 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 | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | 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 | 61 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 233 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 21 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | 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 | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| 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 | SEAN P CAMPBELL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8028696200 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 LONG WALK VERMONT ACADEMY | AddressLine1 |
| City | Saxtons River | City |
| State | VT | State |
| ZIP Code | 05154 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| LINDA AITKEN | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| MARK CANDON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL A CHOUKAS | ||||||
| VICE CHAIRMAN | 1.00 | X | 0 | 0 | 0 | X |
| CHRIS A COTA | ||||||
| Treasurer | 1.00 | X | 0 | 0 | 0 | X |
| STUART EISENCRAFT | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| PENNY GENDRON | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL GERITY | ||||||
| TRRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| anne hebert | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| penny horowitz | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| peter Howe | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| steven e karol | ||||||
| chairman | 1.00 | X | 0 | 0 | 0 | X |
| timothy Lord | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| THE HON GEORGE P MOSER | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| donald g mcinnes | ||||||
| TRUstee | 1.00 | X | 0 | 0 | 0 | |
| COL RICHARD I STARK J | ||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X |
| marvin neuman | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| david Robinson | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| CAROLYN SALZMAN | ||||||
| TRUStee | 1.00 | X | 0 | 0 | 0 | |
| KEVIN SIEFERT | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| S TYLOR TREGELLAS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| Andrew Ward | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| SEAN P BRENNAN | ||||||
| HEAD OF SCHOOL | 40.00 | 93759 | 0 | 11895 | X | |
| SEAN P CAMPBELL | ||||||
| CFO | 40.00 | 73644 | 0 | 1070 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 167403 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 12965 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 27149 | FundraisingEvents |
| All Other Contributions | 1426261 | AllOtherContributions |
| Noncash Contributions | 1842 | NoncashContributions |
| Total Contributions | 1453410 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION | 611710 | 8044314 | 8044314 |
| PROGRAM SUPPORTING REV | 611710 | 1087825 | 1087825 |
| SUMMER PROGRAM REV. | 611710 | 428743 | 428743 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 9560882 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 509183 | TotalRevenueColumn |
| Exclusion | $509,183 | ExclusionAmount |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3552 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -3552 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -3552 | TotalRevenueColumn |
| Exclusion | -$3,552 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 5219 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 27149 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 5219 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | HOCKEY RINK RENTAL | Description |
| Business Code | 713990 | BusinessCode |
| Total Revenue Column | 25200 | TotalRevenueColumn |
| Unrelated Business Revenue | 25200 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 25200 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11545123 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9560882 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 25200 | UnrelatedBusinessRevenue |
| Exclusion | $505,631 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2013611 | Total |
| Program Services | 2013611 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 282261 | Total |
| Management And General | 282261 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3260377 | Total |
| Program Services | 2541953 | ProgramServices |
| Management And General | 542686 | ManagementAndGeneral |
| Fundraising | 175738 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11856 | Total |
| Program Services | 11089 | ProgramServices |
| Fundraising | 767 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 529705 | Total |
| Program Services | 371794 | ProgramServices |
| Management And General | 131354 | ManagementAndGeneral |
| Fundraising | 26557 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 353259 | Total |
| Program Services | 247281 | ProgramServices |
| Management And General | 88315 | ManagementAndGeneral |
| Fundraising | 17663 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2732 | Total |
| Management And General | 2732 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30567 | Total |
| Management And General | 30567 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19702 | Total |
| Management And General | 19702 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 143668 | Total |
| Program Services | 137587 | ProgramServices |
| Management And General | 6081 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34380 | Total |
| Program Services | 18131 | ProgramServices |
| Fundraising | 16249 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 240444 | Total |
| Program Services | 170892 | ProgramServices |
| Management And General | 32952 | ManagementAndGeneral |
| Fundraising | 36600 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97908 | Total |
| Program Services | 84962 | ProgramServices |
| Management And General | 12946 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 109933 | Total |
| Program Services | 109933 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 844988 | Total |
| Program Services | 844988 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 143580 | Total |
| Program Services | 102293 | ProgramServices |
| Management And General | 41287 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising |
|---|---|---|---|
| education program | 448899 | 376105 | 72794 |
| dining hall | 301028 | 301028 | |
| plant expense | 299393 | 299393 | |
| equipment & Maint. | 202939 | 202939 | |
| utilITIES | 194569 | 194569 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 810194 | Total |
| Program Services | 687464 | ProgramServices |
| Management And General | 60031 | ManagementAndGeneral |
| Fundraising | 62699 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10375993 | Total |
| Program Services | 8716012 | ProgramServices |
| Management And General | 1250914 | ManagementAndGeneral |
| Fundraising | 409067 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 203707 | BOY |
| EOY | 246623 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104676 | BOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 337572 | BOY |
| EOY | 494171 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 113842 | BOY |
| EOY | 118656 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 270336 | BOY |
| EOY | 393634 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 22117168 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 9428686 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12591704 | BOY |
| EOY | 12688482 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6230276 | BOY |
| EOY | 6705314 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 500273 | BOY |
| EOY | 463428 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6574 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20358960 | BOY |
| EOY | 21110308 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 970744 | BOY |
| EOY | 725783 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 147789 | BOY |
| EOY | 263488 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1945049 | BOY |
| EOY | 1927390 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3788229 | BOY |
| EOY | 3199920 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6851811 | BOY |
| EOY | 6116581 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7281592 | BOY |
| EOY | 8412455 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1034116 | BOY |
| EOY | 1278612 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5191441 | BOY |
| EOY | 5302660 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13507149 | BOY |
| EOY | 14993727 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20358960 | BOY |
| EOY | 21110308 | 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 | 0 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6170037 | BeginningOfYearBalance |
| Contributions | 111219 | Contributions |
| Investment Earnings Or Losses | 725373 | InvestmentEarningsOrLosses |
| Other Expenditures | 253389 | OtherExpenditures |
| End Of Year Balance | 6753240 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7685562 | BeginningOfYearBalance |
| Contributions | 37280 | Contributions |
| Investment Earnings Or Losses | -1294471 | InvestmentEarningsOrLosses |
| Other Expenditures | 258334 | OtherExpenditures |
| End Of Year Balance | 6170037 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.14490 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.78520 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.06990 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18377512 | OtherCostOrOtherBasis |
| Depreciation | 6795536 | Depreciation |
| Book Value | 11581976 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1503105 | OtherCostOrOtherBasis |
| Depreciation | 1007752 | Depreciation |
| Book Value | 495353 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2236551 | OtherCostOrOtherBasis |
| Depreciation | 1625398 | Depreciation |
| Book Value | 611153 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 12688482 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ADVANCED TUITION | $2,358,859 |
| SPLIT-INTEREST ANNUITIES | $582,259 |
| capiTAL lease obligation | $177,229 |
| Separation Agreement | $81,573 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3199920 | TotalOfAmounts |
| Total Revenue | 11545123 | TotalRevenue |
| Total Expenses | 10375993 | TotalExpenses |
| Excess Or Deficit For Year | 1169130 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 317448 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 317448 | TotalAdjustments |
| Excess Or Deficit Per FS | 1486578 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 9848960 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 317448 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 317448 | RevenueNotRptdF990 |
| Revenue Subtotal | 9531512 | RevenueSubtotal |
| Other Revenues Not Included | 2013611 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2013611 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 11545123 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 8362382 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 8362382 | ExpensesSubtotal |
| Other Expenses Not Included | 2013611 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2013611 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 10375993 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part V, Line 4: | Description of Intended Use of Endowment Funds: | THE INCOME FROM THE ENDOWMENT FUNDS ARE USED ON A FORMULA BASIS FOR OPERATING EXPENSES INCLUDING FINANCIAL AID. |
| Part XII, Line 4b - Other Adjustments: | Financial aid: 2013611. | |
| Part XIII, Line 4b - Other Adjustments: | FINANCIAL AID: 2013611. |
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 | PUBLISHED IN SCHOOL LITERATURE AND MAGAZINE ADVERTISING. | 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 | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Parents Auction | NameOfEvent1 |
| Gross Receipts Event1 | 32368 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 27149 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 5219 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 2210 | CashPrizesEvent1 |
| Other Direct Expenses Event1 | 3009 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 32368 | GrossReceiptsTotal |
| Charitable Contributions Total | 27149 | CharitableContributionsTotal |
| Gross Revenue Total Events | 5219 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 2210 | CashPrizesTotalEvents |
| Other Direct Expenses Total Events | 3009 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 5219 | DirectExpenseSummaryEvents |
| Net Income Summary | 0 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Financial Aid | TypeOfGrant |
| Number Of Recipients | 91 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 2013611 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | TUITION OR FEE REDUCTIONS | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Other Information: | Identifier |
| Return Reference | Part IV: | ReturnReference |
| Explanation | THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT THE BUSINESS OFFICE. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Chris A Cota | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | member of the bod | Relationship |
| Amount Of Transaction | 158675 | AmountOfTransaction |
| Description Of Transaction | The Academy purchases a portion of its heating fuel and also, receives service on ITS heating equipment from a company whose shareholder IS a trustee of the Academy. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | A copy of the form 990 is provided to the organization's governing body before it is filed. |
| Form 990, Part VI, Section B, line 15a | The CFO's salary is set by the Head of School. The Head of School's salary is set by the Board of Trustees after a committeE review and recommendation. |
| Form 990, Part VI, Section C, line 19 | A request for the ogranization's governing documents, conflict of interest policy, OR financial statements should be made to the business office. |
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