Civic Intelligence

Vermont Academy

990 • Fiscal year 2017 • EIN 03-0179600

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization Profilevermontacademy.org

View Organization Page

PO Box 500Saxtons River, VT 05154

(802) 869-6200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.22x

Higher debt load relative to assets than 46% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

59th percentile

0.44x

Higher debt load relative to revenue than 59% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

42nd percentile

1.4%

Higher net margin than 42% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

53rd percentile

$256,774

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

43rd percentile

3.2%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

46th percentile

3.5%

Faster revenue growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$28,660,152

Up $902,056 (+3.2%) from 2016

Net Assets

Up

$22,497,559

Up $1,319,726 (+6.2%) from 2016

Liabilities

Down

$6,162,593

Down $417,670 (-6.3%) from 2016

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin42nd percentile

Revenue

Up

$14,085,957

Up $480,830 (+3.5%) from 2016

Expenses

Down

$13,885,479

Down $734,391 (-5.0%) from 2016

Net Income

Up

$200,478

Up $1,215,221 (+120%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $21,110,308Liabilities 2010: $6,116,581Net Assets 2010: $14,993,7272010Assets 2011: $22,304,248Liabilities 2011: $5,961,322Net Assets 2011: $16,342,9262011Assets 2012: $22,553,322Liabilities 2012: $5,999,477Net Assets 2012: $16,553,8452012Assets 2013: $22,722,809Liabilities 2013: $5,697,382Net Assets 2013: $17,025,4272013Assets 2014: $25,857,856Liabilities 2014: $6,503,533Net Assets 2014: $19,354,3232014Assets 2015: $27,494,722Liabilities 2015: $6,025,235Net Assets 2015: $21,469,4872015Assets 2016: $27,758,096Liabilities 2016: $6,580,263Net Assets 2016: $21,177,8332016Assets 2017: $28,660,152Liabilities 2017: $6,162,593Net Assets 2017: $22,497,5592017Assets 2018: $29,255,896Liabilities 2018: $5,587,926Net Assets 2018: $23,667,9702018Assets 2019: $27,770,654Liabilities 2019: $3,975,311Net Assets 2019: $23,795,3432019Assets 2020: $27,099,824Liabilities 2020: $4,457,429Net Assets 2020: $22,642,3952020Assets 2021: $27,535,481Liabilities 2021: $3,613,891Net Assets 2021: $23,921,5902021Assets 2022: $24,019,233Liabilities 2022: $5,070,623Net Assets 2022: $18,948,6102022Assets 2023: $24,585,152Liabilities 2023: $6,629,731Net Assets 2023: $17,955,4212023Assets 2024: $23,008,017Liabilities 2024: $3,260,624Net Assets 2024: $19,747,3932024

Highlighted filing

2017

Assets$28,660,152
Liabilities$6,162,593
Net Assets$22,497,559
Open 2017 Filing

Operations Trend

Revenue Growth46th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MExpenses 2010: $10,375,9932010Expenses 2011: $11,629,3692011Expenses 2012: $11,979,6062012Revenue 2013: $11,786,915Expenses 2013: $12,611,178Net Income 2013: -$824,2632013Revenue 2014: $14,914,070Expenses 2014: $13,205,987Net Income 2014: $1,708,0832014Revenue 2015: $13,786,020Expenses 2015: $13,845,671Net Income 2015: -$59,6512015Revenue 2016: $13,605,127Expenses 2016: $14,619,870Net Income 2016: -$1,014,7432016Revenue 2017: $14,085,957Expenses 2017: $13,885,479Net Income 2017: $200,4782017Revenue 2018: $15,504,478Expenses 2018: $13,876,176Net Income 2018: $1,628,3022018Revenue 2019: $13,540,453Expenses 2019: $13,961,956Net Income 2019: -$421,5032019Revenue 2020: $11,231,817Expenses 2020: $12,531,535Net Income 2020: -$1,299,7182020Revenue 2021: $12,078,437Expenses 2021: $10,799,242Net Income 2021: $1,279,1952021Revenue 2022: $10,107,402Expenses 2022: $15,080,382Net Income 2022: -$4,972,9802022Revenue 2023: $15,106,285Expenses 2023: $16,099,474Net Income 2023: -$993,1892023Revenue 2024: $18,782,655Expenses 2024: $18,864,241Net Income 2024: -$81,5862024

Highlighted filing

2017

Revenue$14,085,957
Expenses$13,885,479
Net Income$200,478
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$14,558,628
Mission and Program Overview

Mission

To provide a supportive community and close personal attention to its students, vermont academy develops confident, active learners and respectful citizens.

We are devoted to creating confident and independent learners through personal attention in a unique Vermont environment. We believe in our students and in their capacity to learn and develop into responsible, self-disciplined adults. Our faculty and staff are committed to helping students discover their individual talents and develop the character, strength, and skills to meet the challenges in their lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,446,759$12,002,143▲ $1,555,384
Land, Buildings, and Equipment, Net$11,594,393$11,456,851▼ $137,542
Cash and Non-Interest-Bearing Accounts$674,856$1,757,339▲ $1,082,483
Prepaid Expenses and Deferred Charges$20,093$180,055▲ $159,962
Accounts Receivable$371,878$168,966▼ $202,912
Inventories for Sale or Use$115,875$145,920▲ $30,045
Pledges and Grants Receivable$214,658$89,498▼ $125,160
Total Assets$27,758,096$28,660,152▲ $902,056
Other Assets Total$4,319,584$2,859,380▼ $1,460,204
Liabilities
Other Liabilities$4,020,601$3,939,206▼ $81,395
Mortgage Notes Payable Secured by Investment Property$1,518,033$1,422,032▼ $96,001
Accounts Payable and Accrued Expenses$1,016,629$776,355▼ $240,274
Deferred Revenue$25,000$25,000→ $0
Total Liabilities$6,580,263$6,162,593▼ $417,670
Net Assets / Fund Balance
Unrestricted Net Assets$10,235,562$10,484,032▲ $248,470
Permanently Rstr Net Assets$8,456,701$9,008,825▲ $552,124
Temporarily Rstr Net Assets$2,485,570$3,004,702▲ $519,132
Total Net Assets Fund Balance$21,177,833$22,497,559▲ $1,319,726
Total Liabilities and Net Assets / Fund Balance$27,758,096$28,660,152▲ $902,056

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,145,749$10,102,753$20,248,502
Equipment$570,970$2,472,596$3,043,566
Leasehold Improvements$225,769$1,302,492$1,528,261
Land$316,625-$316,625
Other Land Buildings$197,738-$197,738
Other Assets Org$2,684,380--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$10,358,493$468,208▲ $1,244,614$422,319$11,648,996
2015$10,599,584$343,013▼ $210,294$373,810$10,358,493
2014$10,514,599$297,523▲ $269,747$482,285$10,599,584
2013$7,952,848$1,519,791▲ $1,333,607$291,647$10,514,599
2012$7,475,652$62,943▲ $855,565$441,312$7,952,848
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sean Brennan Through 0716Head of SchoolFT$214,014$42,760$256,774
Stanley Colla Beginning 0716Head of SchoolFT$107,929$20,318$128,247
Inessa Muse Through 0617Business ManagerFT$59,000$19,666$78,666

Board Members and Trustees

NameTitle
Michael A ChoukasChairman
Ret Col Richard I Stark JrVice Chairman
Amy HowardTrustee
David HoltonTrustee
Lee RyderTrustee
Lori PaprinTrustee
Mark W SmithTrustee
Matthew GalanesTrustee
Michael HorowitzTrustee
Reverend Peter HoweTrustee
S Tylor TregellasTrustee
Steven E KarolTrustee
Thomas CapasseTrustee
Loren Loomis-Hubbell Beginning 0617Business Manager
Carrie DunnSecretary
Casey CotaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,323,487
Program Service Revenue
$12,675,539
Investment Income
$-44,167
Other Revenue
$131,098
All Other Contributions
$1,323,487
Change in Net Assets
$200,478

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$134,989Appraisal
Other Non Cash Contri Table16$41,382Fair Market Value (FMV)
Securities Publicly Traded6$33,310Proceeds From Sale
Total Noncash Contributions23$209,681-

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,187,362
Revenue Not Reported on Financial Statements
$-101,405
Revenue Not Reported on Form 990
$-1,670,131
Other Revenue Adjustments
$-129,176
Total Revenue per Audited Statements
$12,517,231
Total Revenue per Form 990
$14,085,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,723,075
Other Expenses$4,418,025
Grants and Similar Amounts Paid$2,744,379
Total Fundraising Expense$523,840
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,974,154$502,999$285,864$4,763,017
Grants to Domestic Individuals$2,744,379--$2,744,379
Other Employee Benefits$616,935$140,945$44,377$802,257
Depreciation Depletion$722,352--$722,352
Current Officers, Directors, Trustees, and Key Employees-$533,458-$533,458
Occupancy$447,395--$447,395
Payroll Taxes-$398,604-$398,604
All Other Expenses$112,736$188,991$240$301,967
Fees for Services Other$168,850$51,512$32,655$253,017
Pension Plan Contributions$188,837$23,319$13,583$225,739
Travel$150,657$54,928$5,862$211,447
Insurance$157,732$48,659-$206,391
Other Expenses$100,282$86,643$10,414$197,339
Advertising-$55,144$103,576$158,720
Office Expenses$9,101$45,005$22,110$76,216
Fees for Services Accounting-$73,129-$73,129
Interest$64,247--$64,247
Fees for Services Legal-$61,354-$61,354
Information Technology$34,459--$34,459
Fees for Service Investment Mgmnt Fees-$27,771-$27,771
Total Functional Expenses$10,964,769$2,396,870$523,840$13,885,479

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,885,479
Total Expenses per Audited Statements$11,197,505
Expenses per Audited Statements$11,068,329
Expenses Not Reported on Financial Statements$2,817,150
Other Expense Adjustments$2,789,379
Expenses Not Reported on Form 990$129,176
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,876
Fundraising Direct Expenses$6,490
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Parents Auction$17,876$17,876$6,490$11,386
Total Events$17,876$17,876$6,490$11,386
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Casey CotaAcademy TrusteeThe Academy purchases a portion of its heating fuel and also receives service on their heating equipment from a company whose shareholder is also a Trustee of the AcademyNo$307,241
David HoltonAcademy TrusteeThe Academy purchases property and casualty insurance from an insurance agent who is also a Trustee of the AcademyNo$175,494
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advanced Tuition$3,378,995
Split-interest Annuities$408,135
capiTAL lease obligation$152,076
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“A copy of the form 990 is provided to the organization's governing body before it is filed.”

Form 990, Part VI, Section B, line 15A

“The business manager's salary is set by the Head of School. The Head of School's salary is set by the Board of Trustees after a committee review and recommendation.”

Form 990, Part VI, Section C, line 19

“A request for the organization's governing documents, conflict of interest policy, and financial statements should be made to the business office.”

Filing and Contact Details

Filer

Filer Name
Vermont Academy
EIN
03-0179600
Phone
8028696200
Address
PO BOX 500, SAXTONS RIVER, VT 05154

Signing Officer

Name
Jeffrey Seaton
Title
CFO
Phone
8028696200
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Seaton
Formed
1876
Legal Domicile
Vt
Voting Board Members
15
Independent Board Members
15
Employees
220
Volunteers
18

Preparer

Firm
Tyler Simms & St Sauveur CPAs PC
Address
19 Morgan Drive, Lebanon, NH 03766
Preparer
James N Godfrey CPA
Phone
6036530044
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Net change in split-interest agreements -61,744.”

Financial Statement Notes

Part V, Line 4:

“Vermont Academy uses endowment funds in several ways-specific funds for stated purposes are used for those purposes-promoting the program as stated by the donor. Most funds that are specifically directed are directed to financial aid/scholarship and those funds are used for financial aid scholarship. Finally any unspecified funds are used for general support of the school and generally would be considered to have been spent on financial aid for which the school spends approximately 2,700,000 per year.”

Part X, Line 2:

“The Academy qualifies as an organization exempt from income tax under Section 501(c)(3) of the Internal Revenue Code. Therefore, no tax provisions have been made in the accompanying financial statements. ASC 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 Academy has determined that the provisions of Subtopic 740-10 do not have a material effect on the Academy's financial statements. The Academy belives it is no longer subject to examinations for years prior to 2014.”

Part XI, Line 2D - Other Adjustments:

“Financial Aid -2,744,379. Provision for Split Interest Agreements -61,744. Provision for Bad Debt -45,000.”

Part XI, Line 4B - Other Adjustments:

“Fundraising Expense -6,490. Cost of Goods Sold -122,686.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expense 6,490. Cost of Goods Sold 122,686.”

Part XII, Line 4B - Other Adjustments:

“FINANCIAL AID 2,744,379. Provision for Bad Debt 45,000.”

Raw XML AppendixShowing 400 of 707 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01016629
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0776355
IRS990/AccountsReceivableGrp/BOYAmt0371878
IRS990/AccountsReceivableGrp/EOYAmt0168966
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0We are devoted to creating confident and independent learners through personal attention in a unique Vermont environment. We believe in our students and in their capacity to learn and develop into responsible, self-disciplined adults. Our faculty and staff are committed to helping students discover their individual talents and develop the character, strength, and skills to meet the challenges in their lives.
IRS990/AdvertisingGrp/FundraisingAmt0103576
IRS990/AdvertisingGrp/ManagementAndGeneralAmt055144
IRS990/AdvertisingGrp/TotalAmt0158720
IRS990/AllOtherContributionsAmt01323487
IRS990/AllOtherExpensesGrp/FundraisingAmt0240
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0188991
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0112736
IRS990/AllOtherExpensesGrp/TotalAmt0301967
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Jeffrey Seaton
IRS990/BooksInCareOfDetail/PhoneNum08028696218
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010 LONG WALK VERMONT ACADEMY
IRS990/BooksInCareOfDetail/USAddress/CityNm0Saxtons River
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd005154
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd01
IRS990/CashNonInterestBearingGrp/BOYAmt0674856
IRS990/CashNonInterestBearingGrp/EOYAmt01757339
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0533458
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0533458
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CostOfGoodsSoldAmt0122686
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01323487
IRS990/CYGrantsAndSimilarPaidAmt02744379
IRS990/CYInvestmentIncomeAmt0-44167
IRS990/CYOtherExpensesAmt04418025
IRS990/CYOtherRevenueAmt0131098
IRS990/CYProgramServiceRevenueAmt012675539
IRS990/CYRevenuesLessExpensesAmt0200478
IRS990/CYSalariesCompEmpBnftPaidAmt06723075
IRS990/CYTotalExpensesAmt013885479
IRS990/CYTotalFundraisingExpenseAmt0523840
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt014085957
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DeferredRevenueGrp/BOYAmt025000
IRS990/DeferredRevenueGrp/EOYAmt025000
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0722352
IRS990/DepreciationDepletionGrp/TotalAmt0722352
IRS990/Desc0Vermont Academy is a private boarding and day school providing a broad curriculum and an extensive athletic program. Programs of note are found in the Learning Skills Program, the Arts, and in our science and engineering curriculum.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0220
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt010697535
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt073129
IRS990/FeesForServicesAccountingGrp/TotalAmt073129
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt061354
IRS990/FeesForServicesLegalGrp/TotalAmt061354
IRS990/FeesForServicesOtherGrp/FundraisingAmt032655
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt051512
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0168850
IRS990/FeesForServicesOtherGrp/TotalAmt0253017
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt027771
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt027771
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1542760
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1620318
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1719666
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/PersonNm0Michael A Choukas
IRS990/Form990PartVIISectionAGrp/PersonNm1Carrie Dunn
IRS990/Form990PartVIISectionAGrp/PersonNm2Ret Col Richard I Stark Jr
IRS990/Form990PartVIISectionAGrp/PersonNm3Casey Cota
IRS990/Form990PartVIISectionAGrp/PersonNm4Thomas Capasse
IRS990/Form990PartVIISectionAGrp/PersonNm5Steven E Karol
IRS990/Form990PartVIISectionAGrp/PersonNm6Matthew Galanes
IRS990/Form990PartVIISectionAGrp/PersonNm7Lori Paprin
IRS990/Form990PartVIISectionAGrp/PersonNm8David Holton
IRS990/Form990PartVIISectionAGrp/PersonNm9Lee Ryder
IRS990/Form990PartVIISectionAGrp/PersonNm10Amy Howard
IRS990/Form990PartVIISectionAGrp/PersonNm11Mark W Smith
IRS990/Form990PartVIISectionAGrp/PersonNm12Michael Horowitz
IRS990/Form990PartVIISectionAGrp/PersonNm13S Tylor Tregellas
IRS990/Form990PartVIISectionAGrp/PersonNm14Reverend Peter Howe
IRS990/Form990PartVIISectionAGrp/PersonNm15Sean Brennan Through 0716
IRS990/Form990PartVIISectionAGrp/PersonNm16Stanley Colla Beginning 0716
IRS990/Form990PartVIISectionAGrp/PersonNm17Inessa Muse Through 0617
IRS990/Form990PartVIISectionAGrp/PersonNm18Loren Loomis-Hubbell Beginning 0617
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15214014
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16107929
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1759000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt16Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt17Business Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt18Business Manager
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01876
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt06490
IRS990/FundraisingGrossIncomeAmt017876
IRS990/GainOrLossGrp/OtherAmt0-343495
IRS990/GainOrLossGrp/SecuritiesAmt078882
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt02744379
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02744379
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02744379
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt078882
IRS990/GrossReceiptsAmt014558628
IRS990/GrossRentsGrp/RealAmt076914
IRS990/GrossSalesOfInventoryAmt0165484
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt034459
IRS990/InformationTechnologyGrp/TotalAmt034459
IRS990/InsuranceGrp/ManagementAndGeneralAmt048659
IRS990/InsuranceGrp/ProgramServicesAmt0157732
IRS990/InsuranceGrp/TotalAmt0206391
IRS990/InterestGrp/ProgramServicesAmt064247
IRS990/InterestGrp/TotalAmt064247
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0115875
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0145920
IRS990/InvestmentIncomeGrp/ExclusionAmt0220446
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0220446
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt010446759
IRS990/InvestmentsPubTradedSecGrp/EOYAmt012002143
IRS990/IRPDocumentCnt087
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt013877841
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011594393
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011456851
IRS990/LandBldgEquipCostOrOtherBssAmt025334692
IRS990/LegalDomicileStateCd0VT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0343495
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To Provide a supportive community and close personal attention to its students, Vermont Academy develops confident, active learners and respectful citizens.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01518033
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01422032
IRS990/NetAssetsOrFundBalancesBOYAmt021177833
IRS990/NetAssetsOrFundBalancesEOYAmt022497559
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-264613
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-264613
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt011386
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt011386
IRS990/NetIncomeOrLossGrp/ExclusionAmt042798
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt042798
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt053449
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt076914
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt023465
IRS990/NetUnrelatedBusTxblIncmAmt0-1957
IRS990/NetUnrlzdGainsLossesInvstAmt01180992
IRS990/NoncashContributionsAmt0209681
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0447395
IRS990/OccupancyGrp/TotalAmt0447395
IRS990/OfficeExpensesGrp/FundraisingAmt022110
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt045005
IRS990/OfficeExpensesGrp/ProgramServicesAmt09101
IRS990/OfficeExpensesGrp/TotalAmt076216
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04319584
IRS990/OtherAssetsTotalGrp/EOYAmt02859380
IRS990/OtherChangesInNetAssetsAmt0-61744
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt044377
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0140945
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0616935
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0802257
IRS990/OtherExpensesGrp/Desc0Supplies and Small Equi
IRS990/OtherExpensesGrp/Desc1Education Programs
IRS990/OtherExpensesGrp/Desc2Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc3Not Otherwise Classifie
IRS990/OtherExpensesGrp/FundraisingAmt05159
IRS990/OtherExpensesGrp/FundraisingAmt110414
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0104409
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt186643
IRS990/OtherExpensesGrp/ProgramServicesAmt0582947
IRS990/OtherExpensesGrp/ProgramServicesAmt1611688
IRS990/OtherExpensesGrp/ProgramServicesAmt2278018
IRS990/OtherExpensesGrp/ProgramServicesAmt3100282
IRS990/OtherExpensesGrp/TotalAmt0692515
IRS990/OtherExpensesGrp/TotalAmt1611688
IRS990/OtherExpensesGrp/TotalAmt2278018
IRS990/OtherExpensesGrp/TotalAmt3197339
IRS990/OtherLiabilitiesGrp/BOYAmt04020601
IRS990/OtherLiabilitiesGrp/EOYAmt03939206
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0285864
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0502999
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03974154
IRS990/OtherSalariesAndWagesGrp/TotalAmt04763017
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0398604
IRS990/PayrollTaxesGrp/TotalAmt0398604
IRS990/PensionPlanContributionsGrp/FundraisingAmt013583
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt023319
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0188837
IRS990/PensionPlanContributionsGrp/TotalAmt0225739
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt08456701
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt09008825
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0214658
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt089498
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020093
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0180055
IRS990/PrincipalOfficerNm0Jeffrey Seaton
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SUPPORTING REV
IRS990/ProgramServiceRevenueGrp/Desc2SUMMER PROGRAM REV.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011305991
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11145187
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2224361
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011305991
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11145187
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2224361
IRS990/ProgSrvcAccomActy2Grp/Desc0Vermont Academy is host to a summer program held during the summer recess that features educational and professional study and review for premier scientists in the field of biology and life sciences.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0267234
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0224361
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0937191
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02797631
IRS990/PYInvestmentIncomeAmt0123317
IRS990/PYOtherExpensesAmt04840914
IRS990/PYOtherRevenueAmt0168999
IRS990/PYProgramServiceRevenueAmt012375620
IRS990/PYRevenuesLessExpensesAmt0-1014743
IRS990/PYSalariesCompEmpBnftPaidAmt06981325
IRS990/PYTotalExpensesAmt014619870
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt013605127
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0200478
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,660,152
Liabilities
$6,162,593
Net assets
$22,497,559
Revenue
$14,085,957
Expenses
$13,885,479
Net income
$200,478
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.0$3.26$19.7$18.8$18.9$0.08
2023Detailed filing. Detailed filing data is available for this year.$24.6$6.63$18.0$15.1$16.1$0.99
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.0$5.07$18.9$10.1$15.1$4.97
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.5$3.61$23.9$12.1$10.8$1.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.1$4.46$22.6$11.2$12.5$1.30
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$3.98$23.8$13.5$14.0$0.42
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.3$5.59$23.7$15.5$13.9$1.63
2017Detailed filing. Detailed filing data is available for this year.$28.7$6.16$22.5$14.1$13.9$0.20
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$27.8$6.58$21.2$13.6$14.6$1.01
2015Detailed filing. Detailed filing data is available for this year.$27.5$6.03$21.5$13.8$13.8$0.06
2014Detailed filing. Detailed filing data is available for this year.$25.9$6.50$19.4$14.9$13.2$1.71
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.7$5.70$17.0$11.8$12.6$0.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.6$6.00$16.6$12.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.3$5.96$16.3$11.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.1$6.12$15.0$10.4