Civic Intelligence

Vermont Academy

990 • Fiscal year 2018 • EIN 03-0179600

Jul 01, 2017 to Jun 30, 2018 • Filed on May 21, 2019

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

43rd percentile

0.19x

Higher debt load relative to assets than 43% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

55th percentile

0.36x

Higher debt load relative to revenue than 55% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

28th percentile

$172,925

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

48th percentile

2.1%

Faster asset growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

64th percentile

10%

Faster revenue growth than 64% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$29,255,896

Up $595,744 (+2.1%) from 2017

Net Assets

Up

$23,667,970

Up $1,170,411 (+5.2%) from 2017

Liabilities

Down

$5,587,926

Down $574,667 (-9.3%) from 2017

Revenue

Up

$15,504,478

Up $1,418,521 (+10%) from 2017

Expenses

Down

$13,876,176

Down $9,303 (-0.1%) from 2017

Net Income

Up

$1,628,302

Up $1,427,824 (+712%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$29,255,896
Liabilities$5,587,926
Net Assets$23,667,970

Operations Trend

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

2018

Revenue$15,504,478
Expenses$13,876,176
Net Income$1,628,302
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 21, 2019
Return Version
2017v2.3
Gross Receipts
$15,625,814
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$12,002,143$12,827,306▲ $825,163
Land, Buildings, and Equipment, Net$11,456,851$11,872,066▲ $415,215
Cash and Non-Interest-Bearing Accounts$1,757,339$1,332,886▼ $424,453
Prepaid Expenses and Deferred Charges$180,055$195,732▲ $15,677
Accounts Receivable$168,966$170,569▲ $1,603
Inventories for Sale or Use$145,920$118,659▼ $27,261
Pledges and Grants Receivable$89,498$44,958▼ $44,540
Total Assets$28,660,152$29,255,896▲ $595,744
Other Assets Total$2,859,380$2,693,720▼ $165,660
Liabilities
Other Liabilities$3,939,206$3,416,921▼ $522,285
Mortgage Notes Payable Secured by Investment Property$1,422,032$1,340,439▼ $81,593
Accounts Payable and Accrued Expenses$776,355$814,096▲ $37,741
Deferred Revenue$25,000$16,470▼ $8,530
Total Liabilities$6,162,593$5,587,926▼ $574,667
Net Assets / Fund Balance
Unrestricted Net Assets$10,484,032$13,667,804▲ $3,183,772
Permanently Rstr Net Assets$9,008,825$8,819,879▼ $188,946
Temporarily Rstr Net Assets$3,004,702$1,180,287▼ $1,824,415
Total Net Assets Fund Balance$22,497,559$23,667,970▲ $1,170,411
Total Liabilities and Net Assets / Fund Balance$28,660,152$29,255,896▲ $595,744

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,803,791$10,614,431$21,418,222
Equipment$474,633$2,567,406$3,042,039
Leasehold Improvements$196,746$1,331,515$1,528,261
Land$316,625-$316,625
Other Land Buildings$80,271-$80,271
Other Assets Org$2,693,720--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$11,696,174$215,191▲ $730,801$245,884$12,396,282
2016$10,259,379$468,208▲ $1,239,356$270,769$11,696,174
2015$10,500,470$343,013▼ $210,294$373,810$10,259,379
2014$10,415,485$297,523▲ $269,747$482,285$10,500,470
2013$7,853,734$1,519,791▲ $1,333,607$291,647$10,415,485
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stanley CollaInterm Head of School (term 6/30/17)FT$154,010$18,915$172,925
Jennifer ZaccaraHead of School (started 7/1/17)FT$105,000$16,055$121,055
Jeffery SeatonCFOFT$34,615$12,667$47,282

Board Members and Trustees

NameTitle
Micheal ChoukasChairman
Richard StarkVice Chairman
Amy HowardTrustee
Andrew WardTrustee
David HoltonTrustee
Lee RyderTrustee
Lori PaprinTrustee
Mark SmithTrustee
Matt GalanesTrustee
Micheal HorowitzTrustee
Patty EppingerTrustee
Paul RooneyTrustee
Peter HoweTrustee
Steven KarolTrustee
Thomas CapasseTrustee
Tylor TregellasTrustee
Wendy KaplanTrustee
Carrie DunnSecretary
Casey CotaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,979,025
Program Service Revenue
$12,139,507
Investment Income
$1,311,671
Other Revenue
$74,275
All Other Contributions
$1,979,025
Change in Net Assets
$1,628,302

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,469,680
Revenue Not Reported on Financial Statements
$3,034,798
Revenue Not Reported on Form 990
$-336,555
Other Revenue Adjustments
$3,009,919
Total Revenue per Audited Statements
$12,133,125
Total Revenue per Form 990
$15,504,478
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,593,101
Other Expenses$4,273,157
Grants and Similar Amounts Paid$3,009,918
Total Fundraising Expense$422,411
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,833,816$701,913$229,402$4,765,131
Grants to Domestic Individuals$3,009,918--$3,009,918
Other Employee Benefits$821,072$201,700$49,130$1,071,902
Depreciation Depletion$720,931--$720,931
Occupancy$486,924--$486,924
Payroll Taxes$14,261$382,662-$396,923
Current Officers, Directors, Trustees, and Key Employees-$359,145-$359,145
Travel$157,091$48,245$5,744$211,080
Insurance$158,037$49,131-$207,168
Other Expenses$98,038$83,386$8,968$190,392
Fees for Services Other$93,772$38,073$37,339$169,184
All Other Expenses$93,440$38,501$6,256$138,197
Advertising-$51,130$73,305$124,435
Office Expenses$22,349$48,357$8,178$78,884
Fees for Services Accounting-$71,900-$71,900
Interest$70,746--$70,746
Information Technology$45,095--$45,095
Fees for Services Legal-$43,748-$43,748
Fees for Service Investment Mgmnt Fees-$24,879-$24,879
Total Functional Expenses$11,144,010$2,309,755$422,411$13,876,176

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,876,176
Total Expenses per Audited Statements$10,962,714
Expenses per Audited Statements$10,841,378
Expenses Not Reported on Financial Statements$3,034,798
Other Expense Adjustments$3,009,919
Expenses Not Reported on Form 990$121,336
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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$360,389
David HoltonAcademy TrusteeThe Academy Purchases Property and Casualty Insurance From an Insurance Agent Who Is Also a Trustee of the AcademyNo$90,466
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advanced Tuition$2,965,475
Split-interest Annuities$343,187
Capital Lease Obligation$108,259
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 cfo and business manager's salaries are 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
2019-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Zaccara
Formed
1876
Legal Domicile
Vt
Voting Board Members
19
Independent Board Members
19
Employees
232
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 46,770.

Financial Statement Notes

PART V, LINE 4:

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 3,010,000 per year.

PART X, LINE 2:

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 2015.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 121,336. Provision for split interest agreements 46,770.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid 3,009,918. Rounding 1.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 121,336.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid 3,009,918. Rounding 1.

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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.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2018915
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2112667
IRS990/Form990PartVIISectionAGrp/PersonNm0THOMAS CAPASSE
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHEAL CHOUKAS
IRS990/Form990PartVIISectionAGrp/PersonNm2CASEY COTA
IRS990/Form990PartVIISectionAGrp/PersonNm3CARRIE DUNN
IRS990/Form990PartVIISectionAGrp/PersonNm4PATTY EPPINGER
IRS990/Form990PartVIISectionAGrp/PersonNm5MATT GALANES
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID HOLTON
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHEAL HOROWITZ
IRS990/Form990PartVIISectionAGrp/PersonNm8AMY HOWARD
IRS990/Form990PartVIISectionAGrp/PersonNm9PETER HOWE
IRS990/Form990PartVIISectionAGrp/PersonNm10WENDY KAPLAN
IRS990/Form990PartVIISectionAGrp/PersonNm11STEVEN KAROL
IRS990/Form990PartVIISectionAGrp/PersonNm12LORI PAPRIN
IRS990/Form990PartVIISectionAGrp/PersonNm13PAUL ROONEY
IRS990/Form990PartVIISectionAGrp/PersonNm14LEE RYDER
IRS990/Form990PartVIISectionAGrp/PersonNm15MARK SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm16RICHARD STARK
IRS990/Form990PartVIISectionAGrp/PersonNm17TYLOR TREGELLAS
IRS990/Form990PartVIISectionAGrp/PersonNm18ANDREW WARD
IRS990/Form990PartVIISectionAGrp/PersonNm19JENNIFER ZACCARA
IRS990/Form990PartVIISectionAGrp/PersonNm20STANLEY COLLA
IRS990/Form990PartVIISectionAGrp/PersonNm21JEFFERY SEATON
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/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19105000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20154010
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2134615
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/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19HEAD OF SCHOOL (STARTED 7/1/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt20INTERM HEAD OF SCHOOL (TERM 6/30/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt21CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01876
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt01200
IRS990/GainOrLossGrp/SecuritiesAmt01020970
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantAmt03009918
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt03009918
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03009918
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01200
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01020970
IRS990/GrossReceiptsAmt015625814
IRS990/GrossRentsGrp/RealAmt044104
IRS990/GrossSalesOfInventoryAmt0151507
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt045095
IRS990/InformationTechnologyGrp/TotalAmt045095
IRS990/InsuranceGrp/ManagementAndGeneralAmt049131
IRS990/InsuranceGrp/ProgramServicesAmt0158037
IRS990/InsuranceGrp/TotalAmt0207168
IRS990/InterestGrp/ProgramServicesAmt070746
IRS990/InterestGrp/TotalAmt070746
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0145920
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0118659
IRS990/InvestmentIncomeGrp/ExclusionAmt0289501
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0289501
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt012002143
IRS990/InvestmentsPubTradedSecGrp/EOYAmt012827306
IRS990/IRPDocumentCnt069
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014513352
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011456851
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011872066
IRS990/LandBldgEquipCostOrOtherBssAmt026385418
IRS990/LegalDomicileStateCd0VT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
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/BOYAmt01422032
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01340439
IRS990/NetAssetsOrFundBalancesBOYAmt022497559
IRS990/NetAssetsOrFundBalancesEOYAmt023667970
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01022170
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01022170
IRS990/NetIncomeOrLossGrp/ExclusionAmt030171
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt030171
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt025835
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt044104
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt018269
IRS990/NetUnrelatedBusTxblIncmAmt0-791
IRS990/NetUnrlzdGainsLossesInvstAmt0-504661
IRS990/NoncashContributionsAmt010768
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0486924
IRS990/OccupancyGrp/TotalAmt0486924
IRS990/OfficeExpensesGrp/FundraisingAmt08178
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt048357
IRS990/OfficeExpensesGrp/ProgramServicesAmt022349
IRS990/OfficeExpensesGrp/TotalAmt078884
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02859380
IRS990/OtherAssetsTotalGrp/EOYAmt02693720
IRS990/OtherChangesInNetAssetsAmt046770
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt049130
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0201700
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0821072
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01071902
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND SMALL EQUI
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2EDUCATION PROGRAMS
IRS990/OtherExpensesGrp/Desc3NOT OTHERWISE CLASSIFIE
IRS990/OtherExpensesGrp/FundraisingAmt04089
IRS990/OtherExpensesGrp/FundraisingAmt18968
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0166985
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt183386
IRS990/OtherExpensesGrp/ProgramServicesAmt0507044
IRS990/OtherExpensesGrp/ProgramServicesAmt1549109
IRS990/OtherExpensesGrp/ProgramServicesAmt2462367
IRS990/OtherExpensesGrp/ProgramServicesAmt398038
IRS990/OtherExpensesGrp/TotalAmt0678118
IRS990/OtherExpensesGrp/TotalAmt1549109
IRS990/OtherExpensesGrp/TotalAmt2462367
IRS990/OtherExpensesGrp/TotalAmt3190392
IRS990/OtherLiabilitiesGrp/BOYAmt03939206
IRS990/OtherLiabilitiesGrp/EOYAmt03416921
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0229402
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0701913
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03833816
IRS990/OtherSalariesAndWagesGrp/TotalAmt04765131
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0382662
IRS990/PayrollTaxesGrp/ProgramServicesAmt014261
IRS990/PayrollTaxesGrp/TotalAmt0396923
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt09008825
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt08819879
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt089498
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt044958
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0180055
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0195732
IRS990/PrincipalOfficerNm0JENNIFER ZACCARA
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/RelatedOrExemptFuncIncomeAmt010799537
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1885739
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2454231
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010799537
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1885739
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2454231
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/ExpenseAmt0124970
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0454231
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01323487
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02744379

Document Assets

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Filings

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
2018Detailed filing. Detailed filing data is available for this year.$29.3$5.59$23.7$15.5$13.9$1.63
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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