2023-11-13T07:44:56-06:00 2023-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PLLC 19 MORGAN DRIVE LEBANON NH 03766 990 2022-07-01 030182055 LYNDON INSTITUTE INC LYND 8025353636 168 INSTITUTE CIRCLE LYNDON CENTER VT 05850 DR BRIAN BLOOMFIELD HEAD OF SCHOOL 8026266122 2023-11-08 1 DR BRIAN BLOOMFIELD 999009999 0 AMBER T MCGONIS CPA P01589070 6036530044 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR BRIAN BLOOMFIELD POBOX 127 LYNDON CENTER VT 05850 15335487 0 X WWW.LYNDONINSTITUTE.ORG X 1923 VT LYNDON INSTITUTE INSPIRES OUR STUDENTS TO BECOME ACCOMPLISHED LEADERS, CREATIVE THINKERS, AND COMPASSIONATE COMMUNITY MEMBERS. 20 19 184 26 19315 0 2258313 2295279 10187577 10329321 629355 286202 161756 143649 13237001 13054451 183929 218481 0 0 7567244 8844516 0 0 231259 3773502 3853260 11524675 12916257 1712326 138194 25181762 26063741 8137303 8227630 17044459 17836111 LYNDON INSTITUTE INSPIRES OUR STUDENTS TO BECOME ACCOMPLISHED LEADERS, CREATIVE THINKERS, AND COMPASSIONATE COMMUNITY MEMBERS. 0 0 9445556 218481 10329321 LYNDON INSTITUTE IS AN INDEPENDENT DAY AND BOARDING HIGH SCHOOL FOR GRADES 9 - 12, OFFERING A 150-COURSE CURRICULUM SPECIALIZING IN CORE AND HONORS ACADEMICS, FINE AND PERFORMING ARTS AND TECHNICAL AND CAREER PROGRAMS. 9445556 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 43 0 1 184 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 19 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X X THE ORGANIZATION 8025353636 PO BOX 127 LYNDON CENTER VT 05850 GREGORY MCCORMICK TRUSTEE 4.00 X 0 0 0 WILLIAM LARRAMEE TRUSTEE AS OF SEPT 2022 4.00 X 0 0 0 AMBER MACEK TRUSTEE AS OF SEPT 2022 4.00 X 0 0 0 DAVID BEATTIE TRUSTEE 4.00 X 0 0 0 T MICHAEL FLYNN TRUSTEE 4.00 X 0 0 0 AMY MCGARRY TRUSTEE 4.00 X 0 0 0 ANGELA MIDDLETON TRUSTEE AS OF SEPT 2022 4.00 X 0 0 0 RYAN NOYES TRUSTEE 4.00 X 0 0 0 LAURIE BOSWELL TRUSTEE 4.00 X 0 0 0 BRETTON J GALE TREASURER 4.00 X X 0 0 0 LORRAINE B IMPEY TRUSTEE 4.00 X 0 0 0 STEPHEN MALESKI SECRETARY 4.00 X X 0 0 0 BETSY J BAILEY VICE PRESIDENT 4.00 X X 0 0 0 HEATHER BATALION TRUSTEE 4.00 X 0 0 0 ANTHONY DEMASI TRUSTEE THRU SEPT 2022 4.00 X 0 0 0 LORALEE L TESTER PRESIDENT 4.00 X X 0 0 0 CALEB BURRINGTON TRUSTEE 4.00 X 0 0 0 MATTHEW ELLIOTT TRUSTEE THRU MAR 2022 4.00 X 0 0 0 LARISSA CISI FLYNN TRUSTEE 4.00 X 0 0 0 SARA SIMPSON TRUSTEE 4.00 X 0 0 0 LINDSAY CARPENTER TRUSTEE THRU AUG 2022 4.00 X 0 0 0 PATICIA EMERY TRUSTEE 4.00 X 0 0 0 ROY STARLING TRUSTEE 4.00 X 0 0 0 TWILADAWN PERRY HEAD OF SCHOOL UNTIL JULY 2022 50.00 X 111473 0 13986 MEAGAN HOWARD CHIEF FINANCIAL OFFICER 50.00 X 120762 0 6675 BRIAN BLOOMFIELD HEAD OF SCHOOL AS OF JULY 2022 50.00 X 123249 0 25017 355484 0 45678 3 0 0 0 ALADDIN FOOD MANAGEMENT SERVICES 16567 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FOOD SERVICES 334744 1 13251 1743870 538158 44090 2295279 TUITION AND FEES 611600 9571052 9571052 FOOD SALES 721310 283931 283931 RESIDENTIAL PROGRAM INCOME 611600 280266 280266 ATHLETIC INCOME 711210 29269 29269 164803 164803 10329321 319744 319744 284637 133085 151552 151552 19315 132237 2090567 1500 2120807 4802 -30240 -3302 -33542 -33542 14439 13251 22342 -7903 -7903 13054451 10329321 19315 410536 X 218481 218481 427469 427469 5975374 4233324 1624203 117847 1200000 1130540 63748 5712 760928 533601 214427 12900 480745 307677 164942 8126 21757 21757 40461 40461 65219 65219 429203 375553 53650 79193 79193 117207 100156 14778 2273 914550 717176 176598 20776 75734 40782 30729 4223 314981 283483 31498 728351 589438 124291 14622 145276 117674 24696 2906 STUDENT ACTIVITIES 422987 422987 DUES AND SUBSCRIPTIONS 180080 78407 89390 12283 SUPPLIES 119341 62391 30056 26894 VEHICLE 56878 56878 142042 97815 41530 2697 12916257 9445556 3239442 231259 1348384 941398 160545 153790 390033 429767 38701 60354 92430 63254 23963102 13409318 10366863 10553784 10960796 11889234 1824010 1972160 25181762 26063741 832242 873976 317923 482245 6883777 6667199 103361 204210 8137303 8227630 X 9606245 9727157 7438214 8108954 17044459 17836111 25181762 26063741 138194 653458 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 12784806 117415 713231 4331072 9284380 12934019 1395482 -1134677 410018 12784806 10313474 294084 2616216 289755 12934019 10407230 264534 -4521 353769 10313474 9997926 6286 788477 385459 10407230 0.55165 0.19561 0.25274 1 0 250625 250625 18547814 10054749 8493065 882648 777877 104771 2674198 2024149 650049 1607817 552543 1055274 10553784 BENEFICIAL INTEREST IN PERPETUAL TRUST 1481034 CONTRIBUTION RECEIVABLE FROM REMAINDER TRUST 364075 OPERATING LEASE ROU 4695 FINANCE LEASE ROU 122356 1972160 DUE TO STUDENT ORGANIZATIONS 76719 LEASES ROU 127491 204210 X 13592887 653458 13251 155427 822136 12770751 65219 218481 283700 13054451 12801235 13251 155427 168678 12632557 65219 218481 283700 12916257 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 83 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. PART X, LINE 2: ACCOUNTING STANDARDS CODIFICATION 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 SCHOOL HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS FOR YEARS PRIOR TO 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 133,085. FUNDRAISING EVENTS 22,342. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 218,481. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 133,085. FUNDRAISING EVENTS 22,342. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 218,481. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 REGISTRATION PERIOD IS OPEN TO ALL 9-12 DAY STUDENTS WISHING TO APPLY TO LYNDON INSTITUTE. OPEN REGISTRATION IS ANNOUNCED THROUGH NEWSPAPER AND BROADCAST MEDIA. THE NON-DISCRIMINATORY POLICY IS ON THE FRONT PAGE OF THE STUDENT/PARENT HANDBOOK. FOR THE BOARDING STUDENTS, THE ADMISSIONS TEAM TRAVELS TO A VARIETY OF COUNTRIES TO LET STUDENTS KNOW ABOUT THE PROGRAMS THAT THE SCHOOL OFFERS. SCHEDULE E, PART I, LINE 6 LYNDON INSTITUTE, INC. RECEIVES GRANT MONEY FROM THE STATE OF VERMONT. GOLF TOURNAMENT 27690 13251 14439 9081 4309 REUNIONS 8952 27690 13251 14439 9081 13261 22342 -7903 1 SCHOLARSHIPS FOR TUITION AND FEES. 12 218481 FMV SCHOLARSHIPS PART I, LINE 2: ALL FINANCIAL AID AWARDED TO STUDENTS IS FUNDED INTERNALLY RATHER THAN THROUGH GRANTS. A VERMONT EDUCATIONAL AND HEALTH BUILDINGS FINANCING AGENCY 237154467 2021-01-01 3689545 REFINANCE VEDA REVENUE BOND 0 0 0 A 3617201 3689545 74344 2021 1 0 1 1 A 0 0 0 1 0 0 0 0 0 A 0 CALEB BURRINGTON BOARD TRUSTEE 34570 TRUSTEE'S BUSINESS WAS PAID $34,570 FOR DESIGN SERVICES RELATING TO CONSTRUCTION PROJECTS. 0 X GIFTS IN KIND 123 25128 FMV X FIREWOOD PROCESSOR + SHIPPING 1 18962 FMV 0 0 1 FORM 990, PART VI, SECTION A, LINE 2 HUSBAND & WIFE - LARISSA FLYNN AND T. MICHAEL FLYNN FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS (CORPORATORS) OF THE INSTITUTE SHALL CONSIST OF NOT LESS THAN FIFTY AND NOT MORE THAN ONE HUNDRED FIFTY. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATORS OF LYNDON INSTITUTE ELECT THE BOARD OF TRUSTEES FROM ELIGIBLE MEMBERS OF THE CORPORATION. THE BOARD OF TRUSTEES SHALL CONSIST OF NO MORE THAN TWENTY-ONE (21) AND NO FEWER THAN FIFTEEN (15) TRUSTEES. THE BOARD OF TRUSTEES WILL BE VOTED ON AN ANNUAL BASIS AT THE ANNUAL MEETING HELD IN OCTOBER. THE BOARD OF TRUSTEES SHALL SELECT AND EMPLOY A HEAD OF SCHOOL WHO WILL BE CHARGED WITH THE DAILY ADMINISTRATION OF EDUCATIONAL LEADERSHIP OF THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO, HEAD OF SCHOOL AND EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C LYNDON INSTITUTE MONITORS 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 THEIR RELATIONSHIP TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION WAS SET AT THE TIME HE WAS HIRED BY THE HIRING COMMITTEE WITH HELP OF THE CONSULTANT. HIS CONTRACT BEGAN ON JULY 1, 2022. FORM 990, PART VI, SECTION C, LINE 19 LYNDON INSTITUTE IS NOT REQUIRED TO MAKE ITS FORM 1023 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. FORM 990, PART IX, LINE 11G OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 375,553. MANAGEMENT AND GENERAL EXPENSES 53,650. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 429,203. FORM 990, PART IX, LINE 24E RESTRICTED GENERAL EXPENSE: PROGRAM SERVICE EXPENSES 51,897. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,897. SCHOLARSHIPS: PROGRAM SERVICE EXPENSES 21,413. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,413. CTE BUSINESS EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,766. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,766. BOARD OF TRUSTEES EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,198. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,198. BAD DEBT: PROGRAM SERVICE EXPENSES 11,390. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,390. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,566. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,566. BACKGROUND VETTING: PROGRAM SERVICE EXPENSES 6,174. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,174. ATHLETICS: PROGRAM SERVICE EXPENSES 3,758. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,758. FUNDRAISING EVENTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,697. TOTAL EXPENSES 2,697. IN HOUSE MEETINGS: PROGRAM SERVICE EXPENSES 2,383. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,383. FUNDS: PROGRAM SERVICE EXPENSES 800. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 800. PART XII, LINE 2C NO CHANGES FROM PRIOR YEAR.