2017-02-15T13:12:16-06:00 2016-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPA PC 19 MORGAN DRIVE LEBANON NH 03766 990 2015-07-01 030182055 LYNDON INSTITUTE INC LYND 8026266122 168 INSTITUTE CIRCLE LYNDON CENTER VT 05850 DAREN M HOUCK HEADMASTER 8026266122 2017-02-14 1 W JAY SIMMS P00435321 6036530044 2017-02-14 2015 2021-01-29 14:40:06Z DAREN M HOUCK POBOX 127 LYNDON CENTER VT 05850 15897836 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. 27 27 219 9 0 0 946364 912338 12754725 14136488 425576 269869 22695 36966 14149360 15355661 1161130 1874047 0 0 7025175 7819336 0 0 316662 5758784 6517237 13945089 16210620 204271 -854959 26938353 26156442 13702191 13576197 13236162 12580245 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 12910982 1874047 14136488 LYNDON INSTITUTE IS AN INDEPENDENT DAY AND BOARDING HIGH SCHOOL FOR GRADES 9 - 12, OFFERING A 200-COURSE CURRICULUM SPECIALIZING IN CORE AND HONORS ACADEMICS, FINE AND PERFORMING ARTS AND TECHNICAL AND CAREER PROGRAMS. 12910982 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 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 29 0 1 219 1 0 0 0 0 0 0 0 0 0 0 X 27 27 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 0 1 0 0 X X THE ORGANIZATION 8025353733 PO BOX 127 LYNDON CENTER VT 05850 RICHARD ASHTON TRUSTEE 4.00 X 0 0 0 GREGORY MCCORMICK VICE PRESIDENT 4.00 X X 0 0 0 DORTHY ALLARD TRUSTEE 4.00 X 0 0 0 CHARLES BUCKNAM TREASURER 4.00 X X 0 0 0 MEREDITH FELTUS PRESIDENT 4.00 X X 0 0 0 DAVID STAHLER SR TRUSTEE AT LARGE 4.00 X 0 0 0 JOSEPH BENNING TRUSTEE 4.00 X 0 0 0 HARWANT SETHI SR TRUSTEE 4.00 X 0 0 0 JOSEPH FLYNN TRUSTEE 4.00 X 0 0 0 STEPHEN GRAY TRUSTEE 4.00 X 0 0 0 ELAINE SMITH TRUSTEE 4.00 X 0 0 0 JAMES MCDONALD TRUSTEE 4.00 X 0 0 0 SARA SIMPSON TRUSTEE 4.00 X 0 0 0 DAVID BEATTIE TRUSTEE AT LARGE 4.00 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 DANIEL HEATH TRUSTEE 4.00 X 0 0 0 AMY MCGARRY TRUSTEE 4.00 X 0 0 0 THAD RICHARDSON TRUSTEE 4.00 X 0 0 0 DAVID ARONOFF TRUSTEE 4.00 X 0 0 0 LAURA ASHTON 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 SECRETARY 4.00 X X 0 0 0 JEANNE ELLIOT UNTIL OCT 2015 TRUSTEE 4.00 X 0 0 0 ELIZABETH KOENING UNTIL OCT 2015 TRUSTEE 4.00 X 0 0 0 NORMAN MESSIER UNTIL OCT 2015 TRUSTEE 0.00 X 0 0 0 DAREN HOUCK HEADMASTER 40.00 X 144821 0 40685 144821 0 40685 1 0 1 0 SSC SERVICE SOLUTIONS PO BOX 417632 BOSTON MA 02241 EDUCATION SERVICES 751906 ALADDIN FOOD MANAGEMENT SERVICES 16567 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FOOD SERVICES 692350 KINGDOM CONSTRUCTION INC 227 CITIZENS ROAD NEWPORT VT 05855 CONSTRUCTION 379770 ENA SERVICES LLC DEPT 888149 KNOXVILLE TX 37995 EDUCATION SERVICES 251153 BOURNES ENERGY PO BOX 1385 LYNDONVILLE VT 05851 ENERGY 207824 5 553160 359178 62291 912338 TUITION AND FEES 611600 10910630 10910630 RESIDENTIAL PROGRAM IN 611600 2684768 2684768 FOOD SALES 721310 50278 50278 TRANSPORTATION 480000 20794 20794 ATHLETIC INCOME 711210 18270 18270 451748 451748 14136488 311011 311011 76317 44126 32191 32191 32191 432935 18222 490989 1310 -58054 16912 -41142 -41142 10525 5750 4775 4775 15355661 14136488 0 306835 1874047 1874047 169238 169238 5957885 5137571 680183 140131 1253911 1063265 172399 18247 438302 364756 62956 10590 89924 89924 66688 66688 69584 69584 1021506 961894 59612 59320 4927 54393 1365612 1094181 265990 5441 118674 78786 34867 5021 410060 328048 82012 829983 586087 243896 110264 77185 33079 REPAIRS AND MAINTENANCE 498159 275385 222774 0 DUES AND SUBSCRIPTIONS 231745 63296 159357 9092 SUPPLIES 221187 163089 57896 202 GENERAL OPERATING EXPEN 191112 7022 119830 64260 1233419 831443 338298 63678 16210620 12910982 2982976 316662 844208 159644 155591 40868 1459812 1281040 12000 60173 51106 22704 37698 22354816 9706833 12302173 12647983 10309880 10283362 1783812 1642741 26938353 26156442 807376 1161820 2309302 2880096 7479120 6712250 3106393 2822031 13702191 13576197 X 8185403 7092133 2930404 3362766 2120355 2125346 13236162 12580245 26938353 26156442 -854959 191487 7555 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 11885960 38460 360516 386588 11898348 11632378 269820 595858 612096 11885960 11137143 176872 1531710 1213347 11632378 9972011 38930 1349706 223504 11137143 9666664 8995 611352 314990 9972011 0.55500 0.17860 0.26640 1 0 250625 250625 16880728 6778838 10101890 854687 439509 415178 3178165 1939014 1239151 1190611 549472 641139 12647983 BENEFICIAL INTEREST IN PERPETUAL TRUST 1058262 CONTRIBUTION RECEIVABLE FROM REMAINDER TRUST 584479 1642741 DUE TO STUDENT ORGANIZATIONS 69641 LINE OF CREDIT 2650000 HEALTH INSURANCE RESERVE 102390 2822031 X 13660948 191487 7555 49876 248918 13412030 69584 1874047 1943631 15355661 14316865 49876 49876 14266989 69584 1874047 1943631 16210620 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 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 44,126. FUNDRAISING EXPENSE 5,750. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,874,047. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 44,126. FUNDRAISING EXPENSE 5,750. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,874,047. 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. 63 1874047 FMV PART I, LINE 2: ALL FINANCIAL AID AWARDED TO STUDENTS IS FUNDED INTERNALLY RATHER THAN THROUGH GRANTS. SCHEDULE I, PART I, LINE 2 SCHEDULE I, PART III, COLUMN F DESCRIPTION OF NON-CASH ASSISTANCE: FINANCIAL AID. RECORDS ARE KEPT AT LYNDON INSTITUTE'S BUSINESS OFFICE. X 0 0 X X 0 0 0 0 0 0 0 0 0 DAREN HOUCK HEADMASTER 144821 0 0 0 0 0 2982 0 37703 0 185506 0 0 0 PART I, LINE 1A THE DETERMINATION OF THE VALUE FOR ROOM AND BOARD EXPENSES FOR THE HEAD OF SCHOOL AND THOSE LIVING ON CAMPUS AS PART OF THE DORM PROGRAM WAS FIRST DETERMINED THROUGH AN ANALYSIS OF LOCAL RENTALS AND THE ASSOCIATED UTILITY COSTS. EACH YEAR SUBSEQUENTLY, THE INCREASE TO THESE VALUE OF THESE EXPENSES HAS BEEN AT A RATE OF 3% PER YEAR. A VERMONT ECONOMIC DEVELOPMENT AUTHORITY 036024497 2006-10-05 5353000 TO FUND CONSTRUCTION OF THE CAMPBELL DORMITORY 0 0 0 A 5353000 105046 2096016 3151938 2008 1 0 1 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X GIFTS IN KIND 79 66010 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 HUSBAND & WIFE - LAURA ASHTON AND RICHARD ASHTON 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, PLUS NO MORE THAN THREE SCHOOL BOARD MEMBERS FROM EACH SCHOOL BOARD OF THE LOCAL DISTRICTS. LYNDON INSTITUTE IS NO LONGER DESIGNATED, BUT DOES STILL DRAW STUDENTS FROM THESE LOCAL DISTRICTS, FORMERLY DESIGNATED SENDING DISTRICTS. 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 HEADMASTER WHO WILL BE CHARGED WITH THE DAILY ADMINISTRATION OF EDUCATIONAL LEADERSHIP OF THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE REVIEWED BY THE CONTROLLER AND THE CHAIR OF THE FINANCE COMMITTEEPRIOR TO FILING THE RETURN. ONCE FILED, A COPY WILL BE PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. 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 HEADMASTER WAS DISCUSSED IN THE EXECUTIVE SESSION OF THE EXECUTIVE COMMITTEE ON NOVEMBER 11, 2013. 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.