2021-11-09T13:40:24-06:00 2021-06-30 030225774 GALLAGHER FLYNN & COMPANY LLP 725 COMMUNITY DRIVE SUITE 401 SOUTH BURLINGTON VT 05403 990 2020-07-01 030179404 BURR & BURTON SEMINARY BURR 8023621775 PO BOX 498 MANCHESTER VT 05254 SCOTT SWENOR TREASURER 8023621775 2021-11-08 1 SCOTT SWENOR 999009999 STEVEN M AUSTIN P02385259 8028631331 2021-11-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BURR AND BURTON ACADEMY SCOTT SWENOR PO BOX 498 MANCHESTER VT 05254 62250147 0 X WWW.BURRBURTON.ORG X 1829 VT ACCREDITED INDEPENDENT HIGH SCHOOL - PROVIDING EDUCATION FOR GRADES 9-12 15 15 293 20 0 0 1173228 5798007 16913283 16338824 2613154 1825177 80593 68640 20780258 24030648 535211 509991 0 0 13823108 13328513 0 0 681566 5178221 4815896 19536540 18654400 1243718 5376248 65598367 72894574 8837006 6432565 56761361 66462009 X TO EDUCATE STUDENTS INTELLECTUALLY AND MORALLY FOR A LIFE OF RESPONSIBILITY, INTEGRITY AND SERVICE. 0 0 15567346 509991 16101523 BURR AND BURTON ACADEMY IS AN INDEPENDENT SCHOOL THAT SERVES THE GENERAL PUBLIC. FOUNDED IN 1829, THE ACADEMY SERVES 13 TOWNS IN SOUTHERN VERMONT AND IS COMMITTED TO PROVIDING AN OUTSTANDING EDUCATIONAL OPPORTUNITY TO EVERY STUDENT. BURR AND BURTON ACADEMY SERVES APPROXIMATELY 745 DOMESTIC AND 25 INTERNATIONAL STUDENTS FROM VARIOUS COUNTRIES. FAMILIES IN SENDING TOWNS PAY NO TUITION; TUITION IS PAID BY EACH SENDING TOWN. THE STUDENT BODY IS DIVERSE SOCIOECONOMICALLY, WITH ROUGHLY 25% QUALIFYING FOR FREE AND REDUCED MEALS. THE ACADEMY HAS A VIRTUALLY 100% GRADUATION RATE & 80%-90% COLLEGE MATRICULATION RATE. THE ACADEMY BRINGS THE BEST OF INDEPENDENT SCHOOL PHILOSOPHY AND EXPECTATIONS COUPLED WITH THE DEMOCRATIC IDEAL OF EDUCATION FOR ALL. 492635 0 237301 FOOD SERVICE 16059981 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 56 0 1 293 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X DENNIS A FILIPPI 8025498213 PO BOX 498 MANCHESTER VT 05254 SCOTT SWENOR TRUSTEE 3.00 X 0 0 0 SANFRA WEISS SECRETARY 5.00 X X 0 0 0 ROB REDMOND TRUSTEE 3.00 X 0 0 0 RABBI MICHAEL COHEN TRUSTEE 3.00 X 0 0 0 PEGGY BROCKETT TRUSTEE 3.00 X 0 0 0 MICHAEL POWERS TRUSTEE 3.00 X 0 0 0 MICHAEL COOPERMAN TRUSTEE 3.00 X 0 0 0 LEE SPIVEY TREASURER 5.00 X X 0 0 0 KELLIE BARKER-WAITE TRUSTEE 3.00 X 0 0 0 JACK ROHRBACH TRUSTEE 3.00 X 0 0 0 ED CAMPBELL BOARD CHAIR 10.00 X X 0 0 0 CHARLEY STEVENSON TRUSTEE 3.00 X 0 0 0 CAROL O'CONNOR BOARD VICE CHAIR 5.00 X X 0 0 0 BRIAN BAREFOOT TRUSTEE 3.00 X 0 0 0 BILL CAIRNS TRUSTEE 3.00 X 0 0 0 MARK TASHJIAN HEADMASTER 60.00 X 241601 0 32575 DENNIS FILIPPI DIRECTOR OF FINANCE 50.00 X 119191 0 6741 MICHAEL CARACO DEAN OF FACULTY 40.00 X 101158 0 5219 MARGARET KENNY ASSOCIATE HEAD OF SCHOOL 60.00 X 155457 0 7857 KATE LEACH DIRECTOR OF ADVANCEMENT 50.00 X 103272 0 4979 JEN HYATT ACADEMIC DEAN 40.00 X 101973 0 5230 DAVID MICELI DIRECTOR OF ATHLETICS 40.00 X 105403 0 5653 928055 0 68254 8 0 1 0 DEW CONSTRUCTION 277 BLAIR PARK RD SUITE 130 WILLISTON VT 05495 CONSTRUCTION SERVICES 4635689 CLARK COMPANIES PO BOX 427 DELHI NY 13753 CONSTRUCTION SERVICES 825930 TWINSTATE VOICE DATA VIDEO 291 RAND HILL RD MORRISONVILLE NY 12962 TECHNOLOGY SERVICES 115260 3 9000 2909478 2879529 1097851 5798007 TUITION AND FEES 611600 16101523 16101523 FOOD SERVICE 611600 237301 237301 16338824 761549 761549 39283127 38219499 1063628 1063628 1063628 500 9000 0 500 500 MISCELLANEOUS 611600 68140 68140 68140 24030648 16406964 0 1825677 45996 45996 407680 407680 56315 56315 471562 141922 168604 161036 9272397 8498907 473342 300148 393381 378578 12981 1822 2508653 2274554 139050 95049 682520 628314 38827 15379 12862 12862 39750 39750 66360 66360 139167 139167 1143087 679177 440319 23591 7593 4159 3335 99 115785 65340 6594 43851 91679 400 91279 492928 483600 5778 3550 118826 110839 6583 1404 81060 57788 19256 4016 48050 46331 1065 654 1377742 1328444 30536 18762 235560 227131 5221 3208 SUPPLIES 621476 419309 195893 6274 EQUIPMENT AND LEASES 140429 123634 16051 744 ROOM AND BOARD 16005 16005 67537 65558 1979 18654400 16059981 1912853 681566 3053 614685 283404 40536 54488 137353 219280 48159 29934 49730500 18509563 19175252 31220937 45557483 41061200 24899 22278 65598367 72894574 3243910 3837919 793868 530886 471264 424138 324349 281598 2532700 1470915 1358024 8837006 6432565 X 16714081 21972929 40047280 44489080 56761361 66462009 65598367 72894574 X 5376248 4345824 -21424 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 66360 66360 0 PART II-B, LINE 1: HIRED A PROFESSIONAL LOBBYING FIRM TO MONITOR ON BEHALF OF THE ACADEMY LEGISLATIVE ACTIVITIES IN VERMONT RELATED TO SCHOOL CHOICE AND INDEPENDENT SCHOOL GOVERNANCE. 0 21471292 1045457 5849749 736512 27629986 20893613 105758 1306546 834625 21471292 20232367 79707 1288621 707082 20893613 19366721 224704 1464274 823332 20232367 18161737 123805 1886446 805267 19366721 0.12430 0.53520 0.34050 0 0 1701063 1701063 42068300 15123076 26945224 3547585 2586765 960820 2413552 799722 1613830 31220937 CASH HELD IN CUSTODY FOR OTHERS 91923 RETIREMENT BENEFIT LIABILITY 1266101 1358024 X 27751886 4345824 -21424 4324400 23427486 139167 463995 603162 24030648 18051238 0 18051238 139167 463995 603162 18654400 PART V, LINE 4: THE ACADEMY MANAGES ITS ENDOWMENT FUNDS, INCLUDING DONOR RESTRICTED AND BOARD DESIGNATED ENDOWMENTS, IN ACCORDANCE WITH THE LAWS OF THE STATE OF VERMONT, INCLUDING THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT. ACCORDINGLY, THE ACADEMY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ARE REVIEWED ANNUALLY AND ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE ACADEMY HAS ESTABLISHED A SPENDING POLICY THAT PROVIDES FOR THE APPROPRIATING FOR DISTRIBUTION EACH YEAR OF UP TO FIVE (5) PERCENT OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE, MEASURED AND SMOOTHED ON A ROLLING 20-QUARTER BASIS. IN PRACTICE, THE ACADEMY APPROPRIATES APPROXIMATELY 4% OF THE ENDOWMENT FUND'S AVERAGE FAIR VALUE, MEASURED AND SMOOTHED ON A ROLLING 20-QUARTER BASIS. AMOUNTS REPORTED AS EXPENSES IN PART V LINES E THROUGH G ARE REPORTED ON A CASH BASIS. THEREFORE, THERE MAY BE TIMING DIFFERENCES BETWEEN WHEN THE EXPENSES WERE ACTUALLY INCURRED, IN ACCORDANCE WITH THE SPENDING POLICY AND APPROPRIATIONS, AND WHEN THE ENDOWMENT DRAW IS ACTUALLY MADE. THE SPENDING IS TO BE USED FIRST IN ACCORDANCE WITH DONOR RESTRICTIONS, IF ANY, AND THEN FOR OPERATIONS, SUPPORT OF CAPITAL EXPENDITURES INVESTMENTS, SCHOLARSHIPS TO STUDENTS, OR OTHER BOARD-DESIGNATED PURPOSES. PART X, LINE 2: EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITION THE ACADEMY HAS TAKEN IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS THE ACADEMY HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, THEREFORE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THE FINANCIAL STATEMENTS. TAX RETURNS FOR THE YEARS SUBSEQUENT TO JUNE 30, 2017 ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENT -21,424. PART XI, LINE 4B - OTHER ADJUSTMENTS: GROSS UP REVENUES FOR SCHOLARSHIP EXPENSE NETTED OUT IN FINANCIAL STATEMENTS 463,995. PART XII, LINE 4B - OTHER ADJUSTMENTS: GROSS UP REVENUES FOR SCHOLARSHIP EXPENSE NETTED OUT IN FINANCIAL STATEMENTS 463,995. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BURR & BURTON HAS INCLUDED ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS COURSE STUDY BOOKLET, WHICH IS PROVIDED TO ALL PROSPECTIVE STUDENTS. THE POLICY CAN ALSO BE FOUND ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE ACADEMY RECEIVES PAYMENTS FOR STUDENT TUITION FROM LOCAL MUNICIPALITIES WHOSE STUDENTS ATTEND THE ACADEMY. 0 0 0 0 0 0 0 0 0 0 SCHOLARSHIPS TO STUDENTS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 3 20485 FINANCIAL AID FMV SCHOLARSHIPS TO STUDENTS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 35830 FINANCIAL AID FMV 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 TACONIC AND GREEN REGIONAL SCHOOL DISTRICT 6378 VERMONT ROUTE 7A SUNDERLAND VT 05250 824026932 45996 ASSIST ELEMENTARY SCHOOLS WITH PROGRAMMING 0 1 SCHOLARSHIPS TO STUDENTS 55 407680 FMV FINANCIAL AID PART I, LINE 2: MANAGEMENT REVIEWS THE INTENDED USE OF ASSISTANCE TO BE PROVIDED TO OUTSIDE ORGANIZATION AND INDIVIDUALS PRIOR TO DISBURSING THE FUNDS. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 MARK TASHJIAN HEADMASTER 241601 0 0 0 0 0 31672 0 903 0 274176 0 0 0 MARGARET KENNY ASSOCIATE HEAD OF SCHOOL 155457 0 0 0 0 0 7650 0 207 0 163314 0 0 0 SCHEDULE J, PART 1, LINE 1A AS A CONDITION OF EMPLOYEE, BURR AND BURTON ACADEMY REQUIRES THE HEADMASTER TO LIVE ON CAMPUS. THEREFORE, THE ACADEMY OWNS A PROPERTY WHICH IS USED IN PART BY THE HEADMASTER AS A RESIDENCE FOR PERSONAL USE. SCHEDULE J, PART 1, LINE 4B IN 2008, THE ACADEMY ESTABLISHED A 457(F) PLAN, AS SUBSEQUENTLY AMENDED, FOR THE BENEFIT OF ITS HEADMASTER, MARK TASHJIAN. THE BALANCE IN THE PLAN AS OF JUNE 30, 2021 WAS $474,002. THERE WERE NO ADDITIONAL CONTRIBUTIONS MADE BY THE ACADEMY AND NO DISTRIBUTIONS MADE FROM THE PLAN DURING THE FISCAL YEAR ENDED JUNE 30, 2021. A VERMONT ECONOMIC DEVELOPMENT AUTHORITY (VEDA) 036024497 2004-09-29 5000000 CAMPUS IMPROVEMENTS 0 0 0 A 3000000 81364 2918636 2005 0 0 1 0 A 0 0 0 0 1 0 1 A 0 0 0 0 1 0 0 0 1 A 0 X 13 1097851 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 REVIEW COMMITTEE, AN AD HOC COMMITTEE OF THE BOARD OF TRUSTEES, REVIEWS THE FORM 990 IN DETAIL FOR ACCURACY AND COMPLETENESS TO THE BEST OF ITS ABILITY. THE 990 REVIEW COMMITTEE THEN REPORTS ITS FINDINGS AND RECOMMENDATIONS AND PROVIDES A DISCLOSURE COPY OF THE 990 TO THE BOARD. ANY ITEMS OF UNCERTAINTY ARE CLARIFIED AND/OR CORRECTED BEFORE THE RETURN IS FILED. THE COMMITTEE ADVISES THE FULL BOARD THAT THE FORM 990 HAS BEEN FILED AND THAT A FULL COPY IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C BURR AND BURTON ACADEMY REQUIRES THE ANNUAL COMPLETION OF THE CONFLICT OF INTEREST QUESTIONNAIRE. IF A CONFLICT ARISES DURING THE YEAR THEN THE INVOLVED PARTIES ARE REQUIRED TO REPORT IT AS IT ARISES. FORM 990, PART VI, SECTION B, LINE 15A CHAIR AND TREASURER OF THE BOARD OF TRUSTEES ARE CHARGED WITH HEADMASTER COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENT -21,424.