VERMONT ACADEMY: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: VERMONT ACADEMY (EIN 03-0179600)
Tax period: 2024-07-01 to 2025-06-30
Filed: 2026-05-14
IRS object ID: 202611349349302931
Schema version: 2024v5.5
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 O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-14T08:59:42-05:00	ReturnTs
Tax Period End	2025-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	020327524	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	NATHAN WECHSLER & COMPANY PA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	70 COMMERCIAL STREET 4TH FLOOR	AddressLine1Txt
City	CONCORD	CityNm
State Abbreviation	NH	StateAbbreviationCd
ZIP	03301	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	030179600	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VERMONT ACADEMY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	VERM	BusinessNameControlTxt
Phone	8028696200	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 500	AddressLine1Txt
City	SAXTONS RIVER	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05154	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MIKE PELLER	PersonNm
Person Title	HEAD OF SCHOOL	PersonTitleTxt
Phone	8028696200	PhoneNum
Signature	2026-05-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ORESTE J MOSCA	PreparerPersonNm
PTIN	P00366101	PTIN
Phone	6032245357	PhoneNum
Preparation	2026-05-11	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MIKE PELLER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 500	AddressLine1Txt
City	SAXTONS RIVER	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05154	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$19,374,809	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	VERMONTACADEMY.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1876	FormationYr
Legal Domicile State	VT	LegalDomicileStateCd
Activity Or Mission	WE ARE DEVOTED TO CREATING CONFIDENT AND INDEPENDENT LEARNERS THROUGH PERSONAL ATTENTION IN A UNIQUE VERMONT ENVIRONMENT. WE BELIEVE IN OUR STUDENTS AND IN THEIR CAPACITY TO LEARN AND DEVELOP INTO RESPONSIBLE, SELF-DISCIPLINED ADULTS. OUR FACULTY AND STAFF ARE COMMITTED TO HELPING STUDENTS DISCOVER THEIR INDIVIDUAL TALENTS AND DEVELOP THE CHARACTER, STRENGTH, AND SKILLS TO MEET THE CHALLENGES IN THEIR LIVES.	ActivityOrMissionDesc
Voting Members Governing Body	16	VotingMembersGoverningBodyCnt
Voting Members Independent	16	VotingMembersIndependentCnt
Total Employee	160	TotalEmployeeCnt
Total Volunteers	16	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$4,225,656	PYContributionsGrantsAmt
CY Contributions Grants	$3,797,645	CYContributionsGrantsAmt
PY Program Service Revenue	$14,387,428	PYProgramServiceRevenueAmt
CY Program Service Revenue	$15,432,585	CYProgramServiceRevenueAmt
PY Investment Income	$150,613	PYInvestmentIncomeAmt
CY Investment Income	$144,579	CYInvestmentIncomeAmt
PY Other Revenue	$18,958	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$18,782,655	PYTotalRevenueAmt
CY Total Revenue	$19,374,809	CYTotalRevenueAmt
PY Grants And Similar Paid	$7,544,273	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$8,658,542	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$6,504,337	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$6,069,596	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$674,273	CYTotalFundraisingExpenseAmt
PY Other Expenses	$4,815,631	PYOtherExpensesAmt
CY Other Expenses	$6,663,471	CYOtherExpensesAmt
PY Total Expenses	$18,864,241	PYTotalExpensesAmt
CY Total Expenses	$21,391,609	CYTotalExpensesAmt
PY Revenues Less Expenses	-$81,586	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$2,016,800	CYRevenuesLessExpensesAmt
Total Assets BOY	$23,008,017	TotalAssetsBOYAmt
Total Assets EOY	$19,844,143	TotalAssetsEOYAmt
Total Liabilities BOY	$3,260,624	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$5,580,367	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$19,747,393	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$14,263,776	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE A SUPPORTIVE COMMUNITY AND CLOSE PERSONAL ATTENTION TO ITS STUDENTS. VERMONT ACADEMY DEVELOPS CONFIDENT, ACTIVE LEARNERS AND RESPECTFUL CITIZENS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$18,470,723	ExpenseAmt
Grant	$8,658,542	GrantAmt
Revenue	$15,432,585	RevenueAmt
Desc	VERMONT ACADEMY IS A PRIVATE BOARDING AND DAY SCHOOL PROVIDING A BROAD CURRICULUM AND AN EXTENSIVE ATHLETIC PROGRAM. PROGRAMS OF NOTE ARE FOUND IN THE CENTER FOR LEARNINGS, THE ARTS, AND IN OUR SCIENCE AND ENGINEERING CURRICULUM.	Desc
Total Program Service Expenses	$18,470,723	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	59	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	160	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	16	GoverningBodyVotingMembersCnt
Independent Voting Member	16	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	0	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	0	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	VT	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MIKE PELLER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8028696200	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 500	AddressLine1Txt
City	SAXTON RIVER	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05154	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JEREMY HERBERT
CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
JAYSON DUNBAR
VICE CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
MICHAEL CHOUKAS
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
LINDA SAARNIJOKI
SECRETARY	1.00	Yes (X)	Yes (X)	$0	$0	$0
PHILLIP PECK
TRUSTEE	1.00	Yes (X)		$0	$0	$0
DIANE WILDER
TRUSTEE	1.00	Yes (X)		$0	$0	$0
JEANNLISS SANCHEZ
TRUSTEE	1.00	Yes (X)		$0	$0	$0
SHAWNE ROBINSON
TRUSTEE	1.00	Yes (X)		$0	$0	$0
MARY LIBUTTI
TRUSTEE	1.00	Yes (X)		$0	$0	$0
WILLIAM HOSLEY
TRUSTEE	1.00	Yes (X)		$0	$0	$0
MARY ELIZABETH ADELSON
TRUSTEE	1.00	Yes (X)		$0	$0	$0
JEFF JACOBS
TRUSTEE	1.00	Yes (X)		$0	$0	$0
ADAM TSCHORN
TRUSTEE	1.00	Yes (X)		$0	$0	$0
LISA BIRMINGHAM
TRUSTEE	1.00	Yes (X)		$0	$0	$0
BOB MCHUGH
TRUSTEE	1.00	Yes (X)		$0	$0	$0
TODD ORMISTON
TRUSTEE	1.00	Yes (X)		$0	$0	$0
CHRIS CROFT
TRUSTEE	1.00	Yes (X)		$0	$0	$0
KATHERINE DOUBLE
TRUSTEE	1.00	Yes (X)		$0	$0	$0
SCOTT BUCKLEY
TRUSTEE	1.00	Yes (X)		$0	$0	$0
SHAWN BYRON
TRUSTEE	1.00	Yes (X)		$0	$0	$0
LISA BIANCONI
TRUSTEE	1.00	Yes (X)		$0	$0	$0
NICK VAUGHN
TRUSTEE	1.00	Yes (X)		$0	$0	$0
SEAN BERSELL
TRUSTEE	1.00	Yes (X)		$0	$0	$0
GEORGE ATKINS
TRUSTEE	1.00	Yes (X)		$0	$0	$0
JENNIFER ZACCARA
HEAD OF SCHOOL	40.00		Yes (X)	$240,421	$0	$26,180
VINCENT SCHUCK
CFO/COO	40.00		Yes (X)	$183,780	$0	$11,350
BENJAMIN GARDNER
DIRECTOR OF VAMS	40.00			$137,363	$0	$5,800	Yes (X)
BRIAN GILLORAN
ASST. HEAD OF SCHOOL	40.00			$119,893	$0	$15,242	Yes (X)
TONIA FLEMING
DIRECTOR OF ADVANCEMENT	40.00			$115,931	$0	$18,824	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$797,388	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$77,396	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	7	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Government Grants	$745,000	GovernmentGrantsAmt
All Other Contributions	$3,052,645	AllOtherContributionsAmt
Total Contributions	$3,797,645	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION	611710	$14,501,000	$14,501,000
PROGRAM SUPPORTING REVENUE	611710	$899,585	$899,585
SUMMER PROGRAMS	611710	$32,000	$32,000

Field	Value	IRS element (for citing)
Total Program Service Revenue	$15,432,585	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$144,579	TotalRevenueColumnAmt
Exclusion	$144,579	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$19,374,809	TotalRevenueColumnAmt
Related Or Exempt Func Income	$15,432,585	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$144,579	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$8,658,542	TotalAmt
Program Services	$8,658,542	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$457,879	TotalAmt
Management And General	$457,879	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$4,923,331	TotalAmt
Program Services	$3,938,665	ProgramServicesAmt
Management And General	$541,566	ManagementAndGeneralAmt
Fundraising	$443,100	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$271,969	TotalAmt
Program Services	$217,575	ProgramServicesAmt
Management And General	$29,917	ManagementAndGeneralAmt
Fundraising	$24,477	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$416,417	TotalAmt
Program Services	$333,134	ProgramServicesAmt
Management And General	$45,806	ManagementAndGeneralAmt
Fundraising	$37,477	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$11,096	TotalAmt
Management And General	$11,096	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$22,024	TotalAmt
Management And General	$22,024	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$352,345	TotalAmt
Program Services	$224,871	ProgramServicesAmt
Management And General	$118,832	ManagementAndGeneralAmt
Fundraising	$8,642	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$114,940	TotalAmt
Management And General	$50,762	ManagementAndGeneralAmt
Fundraising	$64,178	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$214,528	TotalAmt
Program Services	$106,628	ProgramServicesAmt
Management And General	$68,311	ManagementAndGeneralAmt
Fundraising	$39,589	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$236,311	TotalAmt
Program Services	$236,311	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,366,788	TotalAmt
Program Services	$1,316,627	ProgramServicesAmt
Management And General	$39,637	ManagementAndGeneralAmt
Fundraising	$10,524	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$267,471	TotalAmt
Program Services	$219,789	ProgramServicesAmt
Management And General	$25,905	ManagementAndGeneralAmt
Fundraising	$21,777	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$105,899	TotalAmt
Program Services	$87,021	ProgramServicesAmt
Management And General	$10,256	ManagementAndGeneralAmt
Fundraising	$8,622	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$14,202	TotalAmt
Program Services	$14,202	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$570,901	TotalAmt
Program Services	$549,948	ProgramServicesAmt
Management And General	$16,557	ManagementAndGeneralAmt
Fundraising	$4,396	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$158,329	TotalAmt
Program Services	$158,329	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
REPAIRS AND MAINTENANCE	$1,303,920	$1,256,305	$40,145	$7,470
OTHER EXPENSES	$1,043,631	$290,742	$752,889
SCHOOL ACTIVITIES AND M	$480,584	$463,035	$13,854	$3,695
CREDIT LOSS EXPENSE	$228,339	$228,339

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$172,163	TotalAmt
Program Services	$170,660	ProgramServicesAmt
Management And General	$1,177	ManagementAndGeneralAmt
Fundraising	$326	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$21,391,609	TotalAmt
Program Services	$18,470,723	ProgramServicesAmt
Management And General	$2,246,613	ManagementAndGeneralAmt
Fundraising	$674,273	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$285,649	BOYAmt
EOY	$494,524	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$140,718	BOYAmt
EOY	$500,000	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$786,132	BOYAmt
EOY	$75,000	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$112,770	BOYAmt
EOY	$108,000	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$242,382	BOYAmt
EOY	$98,843	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$29,751,729	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$18,829,613	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$11,561,060	BOYAmt
EOY	$10,922,116	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$9,737,566	BOYAmt
EOY	$7,645,660	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$141,740	BOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$23,008,017	BOYAmt
EOY	$19,844,143	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,118,082	BOYAmt
EOY	$2,384,780	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$567,234	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$2,003,890	BOYAmt
EOY	$2,628,353	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$138,652	BOYAmt
EOY	$0	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,260,624	BOYAmt
EOY	$5,580,367	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,448,363	BOYAmt
EOY	$9,138,341	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$17,299,030	BOYAmt
EOY	$5,125,435	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$19,747,393	BOYAmt
EOY	$14,263,776	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$23,008,017	BOYAmt
EOY	$19,844,143	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$2,016,800	ReconcilationRevenueExpnssAmt
Prior Period Adjustments	-$3,466,817	PriorPeriodAdjustmentsAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	Yes (1)	AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
FS Audited	0	FSAuditedInd
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

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)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$10,746,829	BeginningYearBalanceAmt
Other Expenditures	$3,101,169	OtherExpendituresAmt
End Year Balance	$7,645,660	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$10,746,829	BeginningYearBalanceAmt
End Year Balance	$10,746,829	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$10,746,829	BeginningYearBalanceAmt
End Year Balance	$10,746,829	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$11,320,809	BeginningYearBalanceAmt
Contributions	$45,308	ContributionsAmt
Other Expenditures	$619,288	OtherExpendituresAmt
End Year Balance	$10,746,829	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$11,320,809	BeginningYearBalanceAmt
End Year Balance	$11,320,809	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.39910	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.57930	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.02160	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$563,624	OtherCostOrOtherBasisAmt
Book Value	$563,624	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$24,210,618	OtherCostOrOtherBasisAmt
Depreciation	$14,504,613	DepreciationAmt
Book Value	$9,706,005	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,685,725	OtherCostOrOtherBasisAmt
Depreciation	$1,500,000	DepreciationAmt
Book Value	$185,725	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,249,762	OtherCostOrOtherBasisAmt
Depreciation	$2,825,000	DepreciationAmt
Book Value	$424,762	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$42,000	OtherCostOrOtherBasisAmt
Book Value	$42,000	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$10,922,116	TotalBookValueLandBuildingsAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART V, LINE 4:	FormAndLineReferenceDesc
Explanation	MOST FUNDS ARE SPECIFICALLY DIRECTED FOR FINANCIAL AID/SCHOLARSHIP. ANY UNSPECIFIED FUNDS ARE USED FOR GENERAL SUPPORT OF THE SCHOOL.	ExplanationTxt

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	0	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE E, PART I, LINE 3	FormAndLineReferenceDesc
Explanation	VERMONT ACADEMY'S NON-DISCRIMINATION POLICY IS PUBLISHED IN SCHOOL LITERATURE, MAGAZING ADVERTISING, AND THE BOSTON GLOBE.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	FINANCIAL AID	GrantTypeTxt
Recipient	189	RecipientCnt
Cash Grant	$0	CashGrantAmt
Non Cash Assistance	$8,658,542	NonCashAssistanceAmt
Valuation Method Used	FMV	ValuationMethodUsedDesc
Non Cash Assistance	SUBSIDIZED TUITION, PROGRAM FEES, AND BOARD	NonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2	FormAndLineReferenceDesc
Explanation	TUITION SUBSIDY IS CREDITED DIRECTLY AGAINST THE STUDENTS ACCOUNT AND AWARDED ANNUALLY BASED UPON DEMONSTRATED NEED AS WELL AS GOOD ACADEMIC AND SOCIAL STANDING. FINANCIAL AID FORMS ALONG WITH TAX RETURNS AND ALL SUPPORTING DOCUMENTS ARE REQUIRED TO BE SUBMITTED FOR SUBSIDY CONSIDERATION.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Discretionary Spending Acct	Yes (X)	DiscretionarySpendingAcctInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JENNIFER ZACCARA
HEAD OF SCHOOL	$240,421	$0	$0	$0	$0	$0	$14,700	$0	$11,480	$0	$266,601	$0	$0	$0
VINCENT SCHUCK
CFO/COO	$183,780	$0	$0	$0	$0	$0	$5,550	$0	$5,800	$0	$195,130	$0	$0	$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	A COPY OF THE FORM 990 IS PROVIDED TO THE SCHOOL'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 SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS SHOULD BE MADE TO THE BUSINESS OFFICE.
FORM 990, PART IX, LINE 24E	FOOD SERVICE EXPENSE: PROGRAM SERVICE EXPENSES 129,842. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 129,842. SUBSCRIPTIONS AND MEMBERSHIPS: PROGRAM SERVICE EXPENSES 40,818. MANAGEMENT AND GENERAL EXPENSES 1,177. FUNDRAISING EXPENSES 326. TOTAL EXPENSES 42,321.
FORM 990, PART XII, LINE 2C:	NO CHANGE FROM THE PRIOR YEAR.
FORM 990, PART XI, LINE 8	PRIOR PERIOD ADJUSTMENT REFLECTS THE NET IMPACT OF CORRECTIONS TO PRIOR YEAR BALANCES IDENTIFIED IN THE CURRENT YEAR, INCLUDING TIMING AND CLASSIFICATION ADJUSTMENTS.