BURR & BURTON ACADEMY: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- BURR & BURTON ACADEMY (EIN 03-0179404)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2016-11-10
- IRS object ID
- 201613159349301046
- Schema version
- 2015v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-10T08:51:31-06:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 030225774 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GALLAGHER FLYNN & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 COMMUNITY DRIVE SUITE 401 | AddressLine1Txt |
| City | SOUTH BURLINGTON | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030179404 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BURR AND BURTON ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BURR | BusinessNameControlTxt |
| Phone | 8023621775 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 498 | AddressLine1Txt |
| City | MANCHESTER | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05254 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK TASHJIAN | PersonNm |
| Person Title | HEADMASTER | PersonTitleTxt |
| Phone | 8023621775 | PhoneNum |
| Signature | 2016-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PHILIP A LAPP CPA | PreparerPersonNm |
| PTIN | P00356904 | PTIN |
| Phone | 8028631331 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARK TASHJIAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 498 | AddressLine1Txt |
| City | MANCHESTER | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05254 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $22,351,267 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BURRBURTON.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1829 | FormationYr |
| Legal Domicile State | VT | LegalDomicileStateCd |
| Activity Or Mission | ACCREDITED INDEPENDENT HIGH SCHOOL - PROVIDING EDUCATION FOR GRADES 9-12 | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 277 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,476,062 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,229,284 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,370,318 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,113,460 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,785,722 | PYInvestmentIncomeAmt |
| CY Investment Income | $192,412 | CYInvestmentIncomeAmt |
| PY Other Revenue | $96,286 | PYOtherRevenueAmt |
| CY Other Revenue | $121,152 | CYOtherRevenueAmt |
| PY Total Revenue | $17,728,388 | PYTotalRevenueAmt |
| CY Total Revenue | $15,656,308 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $354,793 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $11,038,210 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $11,484,302 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $647,028 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,967,086 | PYOtherExpensesAmt |
| CY Other Expenses | $4,923,321 | CYOtherExpensesAmt |
| PY Total Expenses | $16,005,296 | PYTotalExpensesAmt |
| CY Total Expenses | $16,762,416 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,723,092 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,106,108 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $40,751,985 | TotalAssetsBOYAmt |
| Total Assets EOY | $39,944,624 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $6,218,686 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,924,856 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $34,533,299 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $33,019,768 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO EDUCATE ITS STUDENTS INTELLECTUALLY AND MORALLY FOR A LIFE OF RESPONSIBILITY, INTEGRITY, AND SERVICE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $14,464,738 | ExpenseAmt |
| Grant | $354,793 | GrantAmt |
| Revenue | $13,762,899 | RevenueAmt |
| Desc | BURR AND BURTON ACADEMY IS AN INDEPENDENT SCHOOL THAT SERVES THE GENERAL PUBLIC. FOUNDED IN 1829, THE ACADEMY SERVES THIRTEEN TOWNS IN SOUTHERN VERMONT, ACCEPTS ALL STUDENTS FROM THOSE TOWNS, AND IS COMMITTED TO PROVIDING AN OUTSTANDING EDUCATIONAL OPPORTUNITY TO EVERY STUDENT. BURR AND BURTON ACADEMY SERVES 612 DOMESTIC AND 62 INTERNATIONAL STUDENTS FROM 10 COUNTRIES. EACH OF THE THIRTEEN TOWNS THAT SEND STUDENTS TO THE ACADEMY DIRECTLY FUNDS OUR FULL TUITION SO FAMILIES ATTEND BURR AND BURTON AT NO PERSONAL COST. OUR STUDENT BODY IS DIVERSE SOCIOECONOMICALLY, WITH ROUGHLY 20% OF OUR STUDENTS QUALIFYING FOR FREE AND REDUCED MEALS. HIGHLIGHTS OF THE ACADEMY'S EDUCATIONAL RESULTS ARE A VIRTUALLY 100% GRADUATION RATE, 80%-90% COLLEGE MATRICULATION RATE, SAT SCORES 100+ POINTS HIGHER THAN THE NATIONAL AVERAGE, AND AP TEST-TAKING RATE AND RESULTS IN THE TOP 5% OF ALL SCHOOLS NATIONALLY.THE ACADEMY BRINGS THE BEST OF INDEPENDENT SCHOOL PHILOSOPHY AND EXPECTATIONS COUPLED WITH THE DEMOCRATIC IDEAL OF EDUCATION FOR ALL. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $496,460 | ExpenseAmt |
| Revenue | $350,561 | RevenueAmt |
| Desc | FOOD SERVICE | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenue | $75,226 | RevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Revenue | $75,226 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $14,961,198 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 21 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 277 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DENNIS A FILIPPI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8025498213 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 498 | AddressLine1Txt |
| City | MANCHESTER | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05254 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd |
|---|---|---|---|---|---|---|---|
| SETH BONGARTZ | |||||||
| BOARD CHAIR | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BARRY ROWLAND | |||||||
| BOARD VICE CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LEE SPIVEY | |||||||
| TREASURER | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| SANFRA WEISS | |||||||
| SECRETARY | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BRIAN BAREFOOT | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| ED CAMPBELL | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL COHEN | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL COOPERMAN | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| SKIP MARTIN | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| CAROL O'CONNOR | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| CINDY O'LEARY | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL POWERS | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| SCOTT SWENOR | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| TONY WHALING | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| OLIVER OLSEN | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| BILL CAIRNS | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| PEGGY BROCKETT | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK TASHJIAN | |||||||
| HEADMASTER | 60.00 | $211,095 | $0 | $37,158 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $211,095 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $37,158 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BREAD LOAF CORPORATION | |||||
| 1293 ROUTE 7 SOUTH | MIDDLEBURY | VT | 05753 | CONSTRUCTION SERVICES | $1,451,274 |
| CLARK COMPANIES | |||||
| PO BOX 427 41155 STATE ROUTE 10 | DELHI | NY | 13753 | CONSTRUCTION SERVICES | $1,037,790 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $147,550 | FundraisingAmt |
| Government Grants | $525 | GovernmentGrantsAmt |
| All Other Contributions | $1,081,209 | AllOtherContributionsAmt |
| Total Contributions | $1,229,284 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611600 | $13,762,899 | $13,762,899 |
| FOOD SERVICE | 611600 | $350,561 | $350,561 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,113,460 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $471,651 | TotalRevenueColumnAmt |
| Exclusion | $471,651 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,357,071 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,636,310 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$279,239 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$279,239 | TotalRevenueColumnAmt |
| Exclusion | -$279,239 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $104,575 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $147,550 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $58,649 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $45,926 | TotalRevenueColumnAmt |
| Exclusion | $45,926 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 611600 | BusinessCd |
| Total Revenue Column | $75,226 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $75,226 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $75,226 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,656,308 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,188,686 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $238,338 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $354,793 | TotalAmt |
| Program Services | $354,793 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $216,300 | TotalAmt |
| Program Services | $108,150 | ProgramServicesAmt |
| Fundraising | $108,150 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,226,176 | TotalAmt |
| Program Services | $7,423,541 | ProgramServicesAmt |
| Management And General | $496,104 | ManagementAndGeneralAmt |
| Fundraising | $306,531 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,421,834 | TotalAmt |
| Program Services | $2,233,140 | ProgramServicesAmt |
| Management And General | $93,619 | ManagementAndGeneralAmt |
| Fundraising | $95,075 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $619,992 | TotalAmt |
| Program Services | $553,806 | ProgramServicesAmt |
| Management And General | $37,355 | ManagementAndGeneralAmt |
| Fundraising | $28,831 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,065 | TotalAmt |
| Management And General | $27,065 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,500 | TotalAmt |
| Management And General | $27,500 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,331 | TotalAmt |
| Management And General | $61,331 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,861 | TotalAmt |
| Management And General | $69,861 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $879,472 | TotalAmt |
| Program Services | $703,906 | ProgramServicesAmt |
| Management And General | $155,111 | ManagementAndGeneralAmt |
| Fundraising | $20,455 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,585 | TotalAmt |
| Program Services | $15,585 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,913 | TotalAmt |
| Program Services | $51,971 | ProgramServicesAmt |
| Fundraising | $9,942 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $653,434 | TotalAmt |
| Program Services | $643,194 | ProgramServicesAmt |
| Management And General | $6,343 | ManagementAndGeneralAmt |
| Fundraising | $3,897 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $406,560 | TotalAmt |
| Program Services | $402,337 | ProgramServicesAmt |
| Management And General | $89 | ManagementAndGeneralAmt |
| Fundraising | $4,134 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,411 | TotalAmt |
| Program Services | $80,037 | ProgramServicesAmt |
| Management And General | $12,254 | ManagementAndGeneralAmt |
| Fundraising | $1,120 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,323 | TotalAmt |
| Program Services | $42,770 | ProgramServicesAmt |
| Management And General | $962 | ManagementAndGeneralAmt |
| Fundraising | $591 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,253,691 | TotalAmt |
| Program Services | $1,209,754 | ProgramServicesAmt |
| Management And General | $27,215 | ManagementAndGeneralAmt |
| Fundraising | $16,722 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $209,085 | TotalAmt |
| Program Services | $201,757 | ProgramServicesAmt |
| Management And General | $4,539 | ManagementAndGeneralAmt |
| Fundraising | $2,789 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SUPPLIES | $598,183 | $502,837 | $77,465 | $17,881 |
| COMMISSIONS, FEES, & SU | $232,718 | $200,646 | $28,478 | $3,594 |
| EQUIPMENT AND LEASES | $141,816 | $114,036 | $25,520 | $2,260 |
| SCHOLARSHIPS AND AWARDS | $50,355 | $50,355 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $97,018 | TotalAmt |
| Program Services | $68,583 | ProgramServicesAmt |
| Management And General | $3,379 | ManagementAndGeneralAmt |
| Fundraising | $25,056 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,762,416 | TotalAmt |
| Program Services | $14,961,198 | ProgramServicesAmt |
| Management And General | $1,154,190 | ManagementAndGeneralAmt |
| Fundraising | $647,028 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $902,833 | BOYAmt |
| EOY | $62,837 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,876,136 | BOYAmt |
| EOY | $1,867,613 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $309,303 | BOYAmt |
| EOY | $217,324 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,873 | BOYAmt |
| EOY | $1,703 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,514 | BOYAmt |
| EOY | $246,917 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $31,859,965 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $13,319,665 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,704,356 | BOYAmt |
| EOY | $18,540,300 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,868,166 | BOYAmt |
| EOY | $18,959,797 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,804 | BOYAmt |
| EOY | $48,133 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,751,985 | BOYAmt |
| EOY | $39,944,624 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,768,007 | BOYAmt |
| EOY | $1,516,011 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,679,499 | BOYAmt |
| EOY | $2,053,448 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $706,896 | BOYAmt |
| EOY | $659,770 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $412,979 | BOYAmt |
| EOY | $956,614 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,651,305 | BOYAmt |
| EOY | $1,739,013 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,218,686 | BOYAmt |
| EOY | $6,924,856 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,231,918 | BOYAmt |
| EOY | $16,354,255 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,789,288 | BOYAmt |
| EOY | $3,144,136 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,512,093 | BOYAmt |
| EOY | $13,521,377 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,533,299 | BOYAmt |
| EOY | $33,019,768 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,751,985 | BOYAmt |
| EOY | $39,944,624 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$1,106,108 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$379,503 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$27,920 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $61,331 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $61,331 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | HIRED A PROFESSIONAL LOBBYING FIRM TO MONITOR ON BEHALF OF THE ACADEMY LEGISLATIVE ACTIVITIES RELATED TO SCHOOL CHOICE AND INDEPENDENT SCHOOL GOVERNANCE. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Incl Escrow Custodial Acct Liab | 0 | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $19,058,393 | BeginningYearBalanceAmt |
| Contributions | $15,354 | ContributionsAmt |
| Investment Earnings Or Losses | -$147,757 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $764,253 | OtherExpendituresAmt |
| End Year Balance | $18,161,737 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,742,638 | BeginningYearBalanceAmt |
| Contributions | $68,936 | ContributionsAmt |
| Investment Earnings Or Losses | $932,409 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $685,590 | OtherExpendituresAmt |
| End Year Balance | $19,058,393 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,410,555 | BeginningYearBalanceAmt |
| Contributions | $280,420 | ContributionsAmt |
| Investment Earnings Or Losses | $2,644,700 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $593,037 | OtherExpendituresAmt |
| End Year Balance | $18,742,638 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,901,395 | BeginningYearBalanceAmt |
| Contributions | $153,035 | ContributionsAmt |
| Investment Earnings Or Losses | $1,169,515 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $29,927 | GrantsOrScholarshipsAmt |
| Other Expenditures | $783,463 | OtherExpendituresAmt |
| End Year Balance | $16,410,555 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,384,809 | BeginningYearBalanceAmt |
| Contributions | $2,488,604 | ContributionsAmt |
| Investment Earnings Or Losses | $56,436 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,700 | GrantsOrScholarshipsAmt |
| Other Expenditures | $26,754 | OtherExpendituresAmt |
| End Year Balance | $15,901,395 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.12000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.74000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.14000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,757,213 | OtherCostOrOtherBasisAmt |
| Book Value | $1,757,213 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,886,221 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,647,730 | DepreciationAmt |
| Book Value | $13,238,491 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,075,446 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,072,457 | DepreciationAmt |
| Book Value | $3,002,989 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,141,085 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,599,478 | DepreciationAmt |
| Book Value | $541,607 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $18,540,300 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| CASH HELD IN CUSTODY FOR OTHERS | $89,204 |
| RETIREMENT BENEFIT LIABILITY | $1,649,809 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,739,013 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $14,952,740 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$379,503 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $30,728 | OtherRevenueAmt |
| Revenue Not Reported | -$348,775 | RevenueNotReportedAmt |
| Revenue Subtotal | $15,301,515 | RevenueSubtotalAmt |
| Other Revenues Not Included | $354,793 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $354,793 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $15,656,308 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $16,466,271 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $58,648 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $58,648 | ExpensesNotReportedAmt |
| Expenses Subtotal | $16,407,623 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $354,793 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $354,793 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $16,762,416 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, SPECIFICALLY 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 12-QUARTER BASIS. IN PRACTICE, THE ACADEMY APPROPRIATES APPROXIMATELY 4% OF THE ENDOWMENT FUND'S AVERAGE FAIR VALUE, MEASURED AND SMOOTHED ON A ROLLING 12-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, 2012 ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | DIRECT EXPENSES FOR SPECIAL EVENTS INCLUDED IN THE FUNDRAISING EXPENSES IN THE STATEMENT OF FUNCTIONAL EXPENSES FOR THE AUDITED FINANCIAL STATEMENTS 58,648. CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENT -27,920. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | GROSS UP REVENUES FOR SCHOLARSHIP EXPENSE NETTED OUT IN FINANCIAL STATEMENTS 354,793. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | DIRECT EXPENSES FOR SPECIAL EVENTS INCLUDED IN THE FUNDRAISING EXPENSES IN THE STATEMENT OF FUNCTIONAL EXPENSES FOR THE AUDITED FINANCIAL STATEMENTS 58,648. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | GROSS UP REVENUES FOR SCHOLARSHIP EXPENSE NETTED OUT IN FINANCIAL STATEMENTS 354,793. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 ORGANIZATION RECEIVES PAYMENTS FOR STUDENT TUITION FROM LOCAL MUNICIPALITIES WHOSE STUDENTS ATTEND THE ACADEMY. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | DINNER (GALA) | Event1Nm |
| Gross Receipts Event1 | $239,954 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $147,550 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $92,404 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $32,486 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $900 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $7,619 | OtherDirectExpensesEvent1Amt |
| Event2 | REUNION | Event2Nm |
| Gross Receipts Event2 | $12,171 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $12,171 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $13,417 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $750 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $3,477 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $252,125 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $147,550 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $104,575 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $45,903 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $1,650 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $11,096 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $58,649 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $45,926 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS TO STUDENTS | GrantTypeTxt |
| Recipient | 57 | RecipientCnt |
| Non Cash Assistance | $354,793 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | FINANCIAL AID | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III, COLUMN (B) | FormAndLineReferenceDesc |
| Explanation | THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE INCLUDED IN THE CONFIDENTIAL RECORDS OF THE ACADEMY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK TASHJIAN | PersonNm |
| Title | HEADMASTER | TitleTxt |
| Base Compensation Filing Org | $210,314 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $781 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $25,000 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $12,158 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $248,253 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERMONT ECONOMIC DEVELOPMENT AUTHORITY (VEDA) | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 036024497 | BondIssuerEIN |
| Bond Issued | 2004-09-29 | BondIssuedDt |
| Issue Price | $5,000,000 | IssuePriceAmt |
| Purpose | CAMPUS IMPROVEMENTS | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $5,000,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $81,364 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $4,918,636 | CapitalExpendituresAmt |
| Substantial Completion | 2005 | SubstantialCompletionYr |
| Current Refunding | 0 | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | 0 | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | Yes (1) | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Noncash Contributions Rpt F990 | $48,062 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | 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 VICE CHAIR 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: | SPECIAL EVENT FUNDRAISING EXPENSES CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENT -27,920. |
| FORM 990, PART XI, LINE 2C: CHANGES IN ACCOUNT POLICIES AND PROCEDURES. | THERE HAVE BEEN NO CHANGES FOR THE YEAR ENDED JUNE 30, 2016. |