2020-11-13T09:33:02-06:00 2020-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2019-07-01 030182055 LYNDON INSTITUTE INC LYND 8025353636 168 INSTITUTE CIRCLE LYNDON CENTER VT 05850 TWILADAWN PERRY HEAD OF SCHOOL 8026266122 2020-11-10 1 W JAY SIMMS P00435321 6036530044 2020-11-10 2019 2022-09-23 18:48:47Z TWILADAWN PERRY POBOX 127 LYNDON CENTER VT 05850 15541084 0 X WWW.LYNDONINSTITUTE.ORG X 1923 VT LYNDON INSTITUTE IS AN ACADEMIC COMMUNITY PROVIDING STUDENTS WITH EXCELLENT PREPARATION FOR SUCCESS IN SCHOOL, COLLEGE, CAREERS, AND LIFE. 25 25 197 67 218903 -56576 804503 900265 12483128 11318013 344357 309424 222242 268357 13854230 12796059 1451030 943258 0 0 7378449 7368676 0 0 296035 5216806 4597886 14046285 12909820 -192055 -113761 22510202 21956559 9788709 9578879 12721493 12377680 LYNDON INSTITUTE IS A COMPREHENSIVE, INDEPENDENT HIGH SCHOOL PROVIDING THOUGHTFUL AND RIGOROUS PREPARATION FOR STUDENTS OF THE NORTHEAST KINGDOM OF VERMONT AND BEYOND TO REACH THEIR INTELLECTUAL, CREATIVE AND PHYSICAL POTENTIAL. 0 0 9576090 943258 11318013 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. 9576090 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 37 0 1 197 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 25 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 0 1 0 0 X X THE ORGANIZATION 8025353733 PO BOX 127 LYNDON CENTER VT 05850 X GREGORY MCCORMICK TRUSTEE 4.00 X 0 0 0 LAWRENCE CIPOLLONE PRESIDENT 4.00 X X 0 0 0 MEREDITH FELTUS TRUSTEE AT LARGE 4.00 X X 0 0 0 DAVID STAHLER SR TRUSTEE 4.00 X 0 0 0 HARWANT SETHI SR TRUSTEE 4.00 X 0 0 0 ELAINE SMITH TRUSTEE 4.00 X 0 0 0 DAVID BEATTIE TRUSTEE AT LARGE 4.00 X X 0 0 0 MARLIN DEVENGER TRUSTEE 4.00 X 0 0 0 PATRICIA EMERY 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 JAMES GALLAGHER TRUSTEE 4.00 X 0 0 0 PETER HOPKINS TRUSTEE 4.00 X 0 0 0 LORRAINE MATTEIS TRUSTEE 4.00 X 0 0 0 EMERY NOYES TRUSTEE 4.00 X 0 0 0 NATHAN SICARD TRUSTEE 4.00 X 0 0 0 LARISSA FLYNN TRUSTEE 4.00 X 0 0 0 DAVID R HARTWELL TREASURER 4.00 X X 0 0 0 RYAN NOYES TRUSTEE 4.00 X 0 0 0 DANIEL HEATH TRUSTEE 4.00 X 0 0 0 LAURIE BOSWELL TRUSTEE 4.00 X 0 0 0 BRETTON J GALE SECRETARY 4.00 X X 0 0 0 LORRAINE B IMPEY TRUSTEE 4.00 X 0 0 0 STEPHEN MALESKI TRUSTEE 4.00 X 0 0 0 NOAH MANNING TRUSTEE 4.00 X 0 0 0 RYAN MCDONALD TRUSTEE 4.00 X 0 0 0 PATRICK SEYMOUR TRUSTEE 4.00 X 0 0 0 BETSY J BAILEY TRUSTEE 4.00 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 4.00 X 0 0 0 LORALEE L TESTER VICE PRESIDENT 4.00 X X 0 0 0 TWILADAWN PERRY HEAD OF SCHOOL 50.00 X 147440 0 16478 147440 0 16478 2 0 0 0 ALADDIN FOOD MANAGEMENT SERVICES 16567 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FOOD SERVICES 707682 SSC SERVICE SOLUTIONS PO BOX 417632 BOSTON MA 02241 FACILITY MAINTENANCE SERVICES 559929 2 424886 475379 55121 900265 TUITION AND FEES 611600 9592575 9592575 RESIDENTIAL PROGRAM IN 611600 1055814 1055814 FOOD SALES 721310 116277 116277 ATHLETIC INCOME 711210 31298 31298 TRANSPORTATION 480000 1263 1263 520786 520786 11318013 276730 276730 98434 48980 49454 49454 49454 2728739 2696045 32694 32694 32694 ICE ARENA 713940 218903 218903 218903 12796059 11318013 218903 358878 943258 943258 282174 282174 5706553 4042834 1506576 157143 182649 86778 89891 5980 720545 439622 259989 20934 476755 297977 167781 10997 6100 6100 22009 22009 35833 35833 64004 64004 1064986 1014877 45798 4311 65315 65315 834038 666265 150113 17660 71236 34293 32061 4882 316266 284639 31627 757748 613776 128817 15155 121500 98415 20655 2430 STUDENT ACTIVITIES 414367 300172 73819 40376 ICE ARENA 275479 275479 EQUIPMENT & ELECTRONICS 155116 132491 19608 3017 BAD DEBT EXPENSE 105869 105869 288020 174030 100840 13150 12909820 9576090 3037695 296035 10908 428999 36120 32585 690005 513726 62895 51762 48202 31333 22501698 11917018 11254842 10584680 8605260 8523692 1801970 1789782 22510202 21956559 1353838 890954 1047887 661300 5326192 6346528 2060792 1680097 9788709 9578879 X 6763602 6772445 5957891 5605235 12721493 12377680 22510202 21956559 -113761 -230053 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 10407230 264534 -4521 353769 10313474 9997926 6286 788477 385459 10407230 11177871 103830 518624 1802399 9997926 11926103 226516 1030861 2005609 11177871 11885960 38460 360516 358833 11926103 0.42990 0.24100 0.32920 1 0 250625 250625 17896163 8692012 9204151 882648 629683 252965 2735465 2046276 689189 736797 549047 187750 10584680 BENEFICIAL INTEREST IN PERPETUAL TRUST 1291232 CONTRIBUTION RECEIVABLE FROM REMAINDER TRUST 498550 1789782 DUE TO STUDENT ORGANIZATIONS 65097 LINE OF CREDIT 1615000 1680097 X 11336308 -230053 4063 48980 -177010 11513318 64004 1218737 1282741 12796059 11680121 4063 48980 53043 11627078 64004 1218737 1282741 12909819 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 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 48,980. FUNDRAISING EXPENSE ROUNDING PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 943,258. ICE ARENA EXPENSES 275,479. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 48,980. FUNDRAISING EXPENSE PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 943,258. ICE ARENA EXPENSES 275,479. 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. 1 SCHOLARSHIPS FOR TUITION AND FEES. 38 943258 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 147440 0 0 0 0 0 2996 0 13482 0 163918 0 0 0 A VERMONT ECONOMIC DEVELOPMENT AUTHORITY 036024497 2013-08-02 4376723 TO REFINANCE 2006 BOND TO FUND CONSTRUCTION OF THE CAMPBELL DORMITORY 0 0 0 A 4376723 4376723 2013 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 A 0 X 3 4685 FMV X GIFTS IN KIND 45 50436 FMV 0 0 1 PART I, LINE 32B: LYNDON INSTITUTE USES UNION BANK TO SELL DONATED STOCK. FORM 990, PART VI, SECTION A, LINE 2 HUSBAND & WIFE - LAURA ASHTON AND RICHARD ASHTON HUSBAND & WIFE - LARISSA FLYNN AND T. MICHAEL FLYNN FATHER & SON - EMERY NOYES AND RYAN NOYES FATHER & SON - JAMES MCDONALD AND RYAN MCDONALD 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 27 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 ON MAY 11, 2017. LATER THE COMMITTEE VOTED TO FINALIZE THE CONTRACT FOR THE HEADMASTER. 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.