2022-05-16T15:45:46-05:00 2021-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2020-07-01 030179600 VERMONT ACADEMY VERM 8028696200 PO BOX 500 SAXTONS RIVER VT 05154 KATHRYN ALDRICH BUSINESS MANAGER 8028696200 2022-05-16 1 KATHRYN ALDRICH 999009999 JAMES N GODFREY CPA P00913422 6036530044 2022-05-16 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JENNIFER ZACCARA PO BOX 500 SAXTONS RIVER VT 05154 12078437 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. 20 20 135 0 0 0 1133076 1241875 9674405 10774407 359450 59505 64886 2650 11231817 12078437 3476251 6581227 0 0 5340683 1607304 0 0 398028 3714601 2610711 12531535 10799242 -1299718 1279195 27099824 27535481 4457429 3613891 22642395 23921590 TO PROVIDE A SUPPORTIVE COMMUNITY AND CLOSE PERSONAL ATTENTION TO ITS STUDENTS, VERMONT ACADEMY DEVELOPS CONFIDENT, ACTIVE LEARNERS AND RESPECTFUL CITIZENS. 0 0 9161746 6581227 10774407 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 LEARNING SKILLS PROGRAM, THE ARTS, AND IN OUR SCIENCE AND ENGINEERING CURRICULUM. 9161746 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 33 0 135 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 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 CHAIRMAN 1.00 X X 0 0 0 CASEY COTA VICE CHAIR 1.00 X 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 TRUSTEE 1.00 X 0 0 0 CARRIE DUNN TRUSTEE 1.00 X 0 0 0 PATTY EPPINGER TRUSTEE 1.00 X 0 0 0 DAVID HOLTON TRUSTEE 1.00 X 0 0 0 WILLIAM HOSLEY TRUSTEE 1.00 X 0 0 0 PETER HOWE TRUSTEE 1.00 X 0 0 0 STEVEN KAROL TRUSTEE 1.00 X 0 0 0 N'DIA RIEGLER TRUSTEE 1.00 X 0 0 0 LINDA SAARNIJOKI TRUSTEE 1.00 X 0 0 0 MARK SMITH TRUSTEE 1.00 X 0 0 0 RICHARD STARK TRUSTEE 1.00 X 0 0 0 TYLOR TREGELLAS TRUSTEE 1.00 X 0 0 0 FRANCIS WILLETT 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 JENNIFER ZACCARA HEAD OF SCHOOL 40.00 X 243846 0 49066 JEFFERY SEATON CFO 40.00 X 127605 0 55762 371451 0 104828 2 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 900272 MARTS & LUNDY 160 CHUBB AVENUE SUITE 303 LYNDHURST NJ 07071 ADVANCEMENT CONSULTING SERVICES 152200 2 1241875 1241875 TUITION 611710 10630867 10630867 PROGRAM SUPPORTING REV 611710 143540 143540 10774407 59505 59505 2650 0 2650 2650 2650 12078437 10774407 0 62155 6581227 6581227 386388 386388 455928 417392 26141 12395 708123 370912 326196 11015 56865 28912 27094 859 52933 52933 60822 60822 27870 27870 122205 91207 30998 70519 15324 32775 22420 46213 46213 488328 470406 14162 3760 52109 50373 1736 84650 84650 75467 75467 SUPPLIES AND SMALL EQUI 472922 361553 104668 6701 CONTRACTED SERVICES 404595 68973 40010 295612 REPAIRS AND MAINTENANCE 349996 337159 10108 2729 EDUCATION PROGRAMS 222131 222131 79951 31054 37358 11539 10799242 9161746 1239468 398028 1352175 590504 76528 190718 166794 788515 112770 112770 84407 485316 26862319 15780868 11021313 11081451 11544653 11544673 2741184 2741534 27099824 27535481 307464 861716 1565544 244982 2362578 2276850 221843 230343 4457429 3613891 X 12212846 13492041 10429549 10429549 22642395 23921590 27099824 27535481 1279195 0 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 11320809 11320809 12083142 106063 527499 1395895 11320809 12396282 336648 722590 1372378 12083142 11696174 215191 730801 245884 12396282 10259379 468208 1239356 270769 11696174 0 0 316624 316624 21740691 11686191 10054500 1659787 1373279 286508 3103217 2721398 381819 42000 42000 11081451 BENEFICIAL INTEREST IN PERPETUAL TRUST 2543813 BENEFICIAL INTEREST IN SPLIT-INTEREST AGREEMENTS 197371 SECURITY DEPOSITS 350 2741534 SPLIT-INTEREST ANNUITIES 220851 CAPITAL LEASE OBLIGATION 992 FACULTY DEPOSITS 8500 230343 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 2017. 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 6581227 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 243846 0 0 0 0 0 13731 0 35335 0 292912 0 0 0 JEFFERY SEATON CFO 127605 0 0 0 0 0 8112 0 47650 0 183367 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.