2023-05-15T19:55:01-05:00 2022-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PLLC 19 MORGAN DRIVE LEBANON NH 03766 990 2021-07-01 030179600 VERMONT ACADEMY VERM 8028696200 PO BOX 500 SAXTONS RIVER VT 05154 MATT EMSLEY HEAD OF OPERATIONS 8028696200 2023-05-15 1 MATT EMSLEY 999009999 JAMES N GODFREY CPA P00913422 6036530044 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MATT EMSLEY PO BOX 500 SAXTONS RIVER VT 05154 10199354 0 X VERMONTACADEMY.ORG X 1876 VT 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. 19 19 112 19 0 0 1241875 1704618 10774407 8410902 59505 61303 2650 -69421 12078437 10107402 6581227 5563553 0 0 1607304 6088115 0 0 209662 2610711 3428714 10799242 15080382 1279195 -4972980 27535481 24019233 3613891 5070623 23921590 18948610 TO PROVIDE A SUPPORTIVE COMMUNITY AND CLOSE PERSONAL ATTENTION TO ITS STUDENTS, VERMONT ACADEMY DEVELOPS CONFIDENT, ACTIVE LEARNERS AND RESPECTFUL CITIZENS. 0 0 12992602 5563553 8410902 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 LEARNING, THE ARTS, AND IN OUR SCIENCE AND ENGINEERING CURRICULUM. 12992602 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 1 112 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 VT X THE ORGANIZATION 8028696200 PO BOX 500 SAXTONS RIVER VT 05154 MICHEAL CHOUKAS TRUSTEE 1.00 X 0 0 0 AMY HOWARD SECRETARY 1.00 X X 0 0 0 MATT GALANES TREASURER 1.00 X X 0 0 0 CHRIS COTA CHAIR 1.00 X X 0 0 0 DAVID HOLTON TRUSTEE 1.00 X 0 0 0 WILLIAM HOSLEY TRUSTEE 1.00 X 0 0 0 LINDA SAARNIJOKI VICE CHAIR 1.00 X X 0 0 0 TYLOR TREGELLAS TRUSTEE 1.00 X 0 0 0 VAUGHAN HENNUM TRUSTEE 1.00 X 0 0 0 TOM OXHOLM TRUSTEE 1.00 X 0 0 0 CATHY MCDERMOTT TRUSTEE 1.00 X 0 0 0 TOPHER BREWER TRUSTEE 1.00 X 0 0 0 THOMAS CAPASSE TRUSTEE 1.00 X 0 0 0 JAYSON DUNBAR TRUSTEE 1.00 X 0 0 0 JEREMY HERBERT TRUSTEE 1.00 X 0 0 0 MARY LIBUTTI TRUSTEE 1.00 X 0 0 0 JEANLISS SANCHEZ TRUSTEE 1.00 X 0 0 0 DEBORAH WIJNHOVEN TRUSTEE 1.00 X 0 0 0 DIANE WILDER TRUSTEE 1.00 X 0 0 0 JENNIFER ZACCARA HEAD OF SCHOOL 40.00 X 240000 0 37390 JEFFERY SEATON CFO 40.00 X 70030 0 24981 310030 0 62371 1 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 857942 MARTS & LUNDY 160 CHUBB AVENUE SUITE 303 LYNDHURST NJ 07071 ADVANCEMENT CONSULTING SERVICES 219024 2 1704618 1704618 TUITION 611710 8067071 8067071 PROGRAM SUPPORTING REV 611710 294635 294635 SUMMER PROGRAM REV. 611710 49196 49196 8410902 61303 61303 4268 0 4268 4268 4268 18263 91952 -73689 -73689 10107402 8410902 0 -8118 5563553 5563553 271954 271954 3715035 3657912 40692 16431 1136538 609108 515937 11493 964588 511232 443710 9646 31923 31923 24729 24729 244619 60111 144735 39773 97586 32799 64787 110665 62899 30172 17594 75693 75693 543540 523612 15763 4165 150431 129504 18096 2831 58707 58707 645571 621878 18722 4971 250150 128972 120234 944 REPAIRS AND MAINTENANCE 432407 416740 12371 3296 EDUCATION PROGRAMS 292845 292845 SUPPLIES AND SMALL EQUI 238282 121603 108363 8316 BAD DEBTS 131945 131945 99621 26288 47918 25415 15080382 12992602 1878118 209662 590504 133231 190718 140718 788515 353883 112770 112770 485316 483309 26917299 17881517 11081451 9035782 11544673 11017906 2741534 2741634 27535481 24019233 861716 1207165 244982 18292 2276850 2188670 230343 1656496 3613891 5070623 X 13492041 1544612 10429549 17403998 23921590 18948610 27535481 24019233 -4972980 0 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 11320809 45308 619288 10746829 11320809 11320809 12083142 106063 527499 1395895 11320809 12396282 336648 722590 1372378 12083142 11696174 215191 730801 245884 12396282 0.45000 0.55000 0 0 316624 316624 21752958 13756517 7996441 1685726 1400000 285726 3119991 2725000 394991 42000 42000 9035782 BENEFICIAL INTEREST IN PERPETUAL TRUST 2543813 BENEFICIAL INTEREST IN SPLIT-INTEREST AGREEMENTS 197371 SECURITY DEPOSITS 450 2741634 SPLIT-INTEREST ANNUITIES 198701 CAPITAL LEASE OBLIGATION 992 FACULTY DEPOSITS 6803 LINE OF CREDIT 1450000 1656496 X PART V, LINE 4: MOST FUNDS THAT ARE SPECIFICALLY DIRECTED ARE DIRECTED TO FINANCIAL AID/SCHOLARSHIP AND THOSE FUNDS ARE USED FOR FINANCIAL AID SCHOLARSHIP. FINALLY ANY UNSPECIFIED FUNDS ARE USED FOR GENERAL SUPPORT OF THE SCHOOL AND GENERALLY WOULD BE CONSIDERED TO HAVE BEEN SPENT ON FINANCIAL AID FOR WHICH THE SCHOOL SPENDS APPROXIMATELY $3,000,000 PER YEAR. PART X, LINE 2: ASC SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORE-LIKELY-THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. THE ACADEMY HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS. THE ACADEMY BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS FOR YEARS PRIOR TO 2018. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 VERMONT ACADEMY'S NON-DISCRIMINATION POLICY IS PUBLISHED IN SCHOOL LITERATURE, MAGAZINE ADVERTISING, AND THE BOSTON GLOBE. 1 FINANCIAL AID 173 FMV SUBSIDIZED TUITION, PROGRAM FEES, AND BOARD. PART I, LINE 2: 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. SCHEDULE I THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT THE BUSINESS OFFICE. X X 1 1 X X 0 0 0 0 0 0 0 0 0 JENNIFER ZACCARA HEAD OF SCHOOL 240000 0 0 0 0 0 0 0 37390 0 277390 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO THE ACADEMY'S HEADMASTER. FORM 990, PART VI, SECTION B, LINE 11B 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 AND BUSINESS MANAGER'S SALARIES ARE 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 ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS SHOULD BE MADE TO THE BUSINESS OFFICE.