2022-11-09T11:13:57-06:00 2022-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2021-07-01 030182055 LYNDON INSTITUTE INC LYND 8025353636 168 INSTITUTE CIRCLE LYNDON CENTER VT 05850 DR BRIAN BLOOMFIELD HEAD OF SCHOOL 8026266122 2022-11-08 1 DR BRIAN BLOOMFIELD 999009999 W JAY SIMMS P00435321 6036530044 2022-11-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DR BRIAN BLOOMFIELD POBOX 127 LYNDON CENTER VT 05850 14691637 0 X WWW.LYNDONINSTITUTE.ORG X 1923 VT LYNDON INSTITUTE INSPIRES OUR STUDENTS TO BECOME ACCOMPLISHED LEADERS, CREATIVE THINKERS, AND COMPASSIONATE COMMUNITY MEMBERS. 21 21 183 10 0 0 3465390 2258313 9668544 10187577 755491 629355 338971 161756 14228396 13237001 392177 183929 0 0 7000199 7567244 0 0 319879 3979460 3773502 11371836 11524675 2856560 1712326 25064043 25181762 8031963 8137303 17032080 17044459 LYNDON INSTITUTE INSPIRES OUR STUDENTS TO BECOME ACCOMPLISHED LEADERS, CREATIVE THINKERS, AND COMPASSIONATE COMMUNITY MEMBERS. 0 0 8270458 183929 10187577 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. 8270458 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 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 32 0 1 183 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X X THE ORGANIZATION 8025353733 PO BOX 127 LYNDON CENTER VT 05850 GREGORY MCCORMICK TRUSTEE 4.00 X 0 0 0 LAWRENCE CIPOLLONE PRESIDENT THRU SEPT 2021 4.00 X X 0 0 0 HARWANT SETHI SR TRUSTEE THRU SEPT 2021 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 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 RYAN MCDONALD TRUSTEE THRU OCT 2021 4.00 X 0 0 0 BETSY J BAILEY VICE PRESIDENT AS OF SEPT 2021 4.00 X X 0 0 0 HEATHER BATALION TRUSTEE 4.00 X 0 0 0 ANTHONY DEMASI TRUSTEE 4.00 X 0 0 0 BARRY HERTZ TRUSTEE THRU APR 2021 4.00 X 0 0 0 LORALEE L TESTER PRESIDENT AS OF SEPT 2021 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 AS OF OCT 2021 4.00 X 0 0 0 ROY STARLING TRUSTEE AS OF JAN 2022 4.00 X 0 0 0 TWILADAWN PERRY HEAD OF SCHOOL 50.00 X 183769 0 22764 MEAGAN HOWARD CHIEF FINANCIAL OFFICER 50.00 X 121300 0 6475 305069 0 29239 2 0 1 0 SSC SERVICE SOLUTIONS PO BOX 417632 BOSTON MA 02241 FACILITY MAINTENANCE SERVICES 416607 ALADDIN FOOD MANAGEMENT SERVICES 16567 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FOOD SERVICES 188562 2 1361 1074158 1182794 33962 2258313 TUITION AND FEES 611600 9518137 9518137 RESIDENTIAL PROGRAM IN 611600 300118 300118 FOOD SALES 721310 186828 186828 ATHLETIC INCOME 711210 19440 19440 163054 163054 10187577 259725 259725 245487 88050 157437 157437 157437 1700330 6000 1326951 9749 373379 -3749 369630 369630 34205 1361 29886 4319 4319 13237001 10187577 0 791111 183929 183929 357387 357387 5467576 3909020 1404432 154124 809458 540118 261478 7862 530433 454863 47760 27810 402390 283002 108891 10497 35466 35466 36440 36440 74003 74003 501427 438749 62678 68466 68466 830434 655922 156142 18370 46333 12089 21980 12264 290601 261541 29060 748611 606375 127264 14972 138140 111893 23484 2763 STUDENT ACTIVITIES 404206 301752 74750 27704 DUES AND SUBSCRIPTIONS 150093 63854 71771 14468 EQUIPMENT & ELECTRONICS 123854 123854 RESTRICTED GENERAL EXPE 97996 97996 227432 157035 41352 29045 11524675 8270458 2934338 319879 1280266 1348384 12863 160545 332443 390033 29548 38701 98962 92430 23178258 12811395 10375942 10366863 10847877 10960796 2086142 1824010 25064043 25181762 766520 832242 357410 317923 6787274 6883777 120759 103361 8031963 8137303 X 9769947 9606245 7262133 7438214 17032080 17044459 25064043 25181762 1712326 -1699947 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 12934019 1395482 -1134677 -410018 12784806 10313474 294084 2616216 -289755 12934019 10407230 264534 -4521 353769 10313474 9997926 6286 788477 385459 10407230 11177871 103830 518624 1802399 9997926 0.43937 0.24089 0.31974 1 0 250625 250625 18384847 9594753 8790094 882648 737654 144994 2672978 1904811 768167 987160 574177 412983 10366863 BENEFICIAL INTEREST IN PERPETUAL TRUST 1383075 CONTRIBUTION RECEIVABLE FROM REMAINDER TRUST 440935 1824010 DUE TO STUDENT ORGANIZATIONS 67111 CAPITAL LEASES 36250 103361 X 11396211 -1699947 1361 117936 -1580650 12976861 74003 186137 260140 13237001 11383832 1361 117936 119297 11264535 74003 186137 260140 11524675 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 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 88,050. FUNDRAISING EVENTS 29,886. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 183,929. ICE ARENA EXPENSES 2,208. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 88,050. FUNDRAISING EVENTS 29,886. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 183,929. ICE ARENA EXPENSES 2,208. 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 26508 1361 25147 8315 6847 REUNIONS 9058 9058 14724 35566 1361 34205 8315 21571 29886 4319 1 SCHOLARSHIPS FOR TUITION AND FEES. 17 183929 FMV SCHOLARSHIPS PART I, LINE 2: ALL FINANCIAL AID AWARDED TO STUDENTS IS FUNDED INTERNALLY RATHER THAN THROUGH GRANTS. SCHEDULE I, PART III, COLUMN F DESCRIPTION OF NON-CASH ASSISTANCE: FINANCIAL AID. RECORDS ARE KEPT AT LYNDON INSTITUTE'S BUSINESS OFFICE. X X 0 0 0 0 0 0 0 0 0 TWILADAWN PERRY HEAD OF SCHOOL 183769 0 0 0 0 0 3828 0 18936 0 206533 0 0 0 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 X GIFTS IN KIND 13 27231 FMV X LUMBER 1 5370 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 21 MEMBERS. 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 CONTRACT AND COMPENSATION FOR THE HEAD OF SCHOOL WAS DISCUSSED IN THE EXECUTIVE SESSION OF THE EXECUTIVE COMMITTEE IN DECEMBER 2018. THE BOARD SET A NEW SALARY RATE ANNUALLY WITH THE LAST ADDENDUM BEING ADDED 12/29/2020. THE CONTRACT AND ADDENDUM EXPIRED AND THE HEAD OF SCHOOL RETIRED ON JUNE 30, 2022. THE BOARD VOTED ON A NEW HEAD OF THE SCHOOL AND A NEW EMPLOYMENT AGREEMENT SETTING A NEW ANNUAL SALARY RATE WITH AN ADDENDUM ON SEPTEMBER 22, 2021 WITH A START DATE OF 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.