Civic Intelligence

Vermont Academy

990 • Fiscal year 2019 • EIN 03-0179600

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

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

39th percentile

0.14x

Higher debt load relative to assets than 39% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

50th percentile

0.29x

Higher debt load relative to revenue than 50% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

25th percentile

-3.1%

Higher net margin than 25% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

48th percentile

$242,935

Higher top officer pay than 48% of similar nonprofits.

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

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

12th percentile

-5.1%

Faster asset growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

18th percentile

-13%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Down

$27,770,654

Down $1,485,242 (-5.1%) from 2018

Net Assets

Up

$23,795,343

Up $127,373 (+0.5%) from 2018

Liabilities

Down

$3,975,311

Down $1,612,615 (-29%) from 2018

Revenue

Down

$13,540,453

Down $1,964,025 (-13%) from 2018

Expenses

Up

$13,961,956

Up $85,780 (+0.6%) from 2018

Net Income

Down

-$421,503

Down $2,049,805 (-126%) from 2018

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

2019

Assets$27,770,654
Liabilities$3,975,311
Net Assets$23,795,343

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

2019

Revenue$13,540,453
Expenses$13,961,956
Net Income-$421,503
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$13,716,796
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$12,827,306$12,339,927▼ $487,379
Land, Buildings, and Equipment, Net$11,872,066$11,557,591▼ $314,475
Cash and Non-Interest-Bearing Accounts$1,332,886$672,273▼ $660,613
Accounts Receivable$170,569$177,563▲ $6,994
Inventories for Sale or Use$118,659$102,589▼ $16,070
Prepaid Expenses and Deferred Charges$195,732$53,498▼ $142,234
Pledges and Grants Receivable$44,958$39,318▼ $5,640
Total Assets$29,255,896$27,770,654▼ $1,485,242
Other Assets Total$2,693,720$2,827,895▲ $134,175
Liabilities
Other Liabilities$3,416,921$1,727,219▼ $1,689,702
Mortgage Notes Payable Secured by Investment Property$1,340,439$1,513,643▲ $173,204
Accounts Payable and Accrued Expenses$814,096$685,504▼ $128,592
Deferred Revenue$16,470$48,945▲ $32,475
Total Liabilities$5,587,926$3,975,311▼ $1,612,615
Net Assets / Fund Balance
Unrestricted Net Assets$13,667,804$13,270,852▼ $396,952
Permanently Rstr Net Assets$8,819,879$9,076,460▲ $256,581
Temporarily Rstr Net Assets$1,180,287$1,448,031▲ $267,744
Total Net Assets Fund Balance$23,667,970$23,795,343▲ $127,373
Total Liabilities and Net Assets / Fund Balance$29,255,896$27,770,654▼ $1,485,242

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,526,632$11,148,033$21,674,665
Equipment$423,376$2,624,348$3,047,724
Leasehold Improvements$179,469$1,348,793$1,528,262
Land$316,624-$316,624
Other Land Buildings$111,490-$111,490
Other Assets Org$214,242--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$12,396,282$336,648▲ $722,590$1,372,378$12,083,142
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer ZaccaraHead of SchoolFT$210,000$32,935$242,935
Jeffery SeatonCFOFT$118,750$46,940$165,690

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
Peter HoweTrustee
Steven KarolTrustee
Thomas CapasseTrustee
Tylor TregellasTrustee
Carrie DunnSecretary
Casey CotaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Thomas Charters LLCTransportation Services For Athletics &93 MONADNOCK HWY, Swanzey, NH 03431$121,664
Revenue and Support

Revenue Composition

Contributions and Grants
$1,857,727
Program Service Revenue
$11,158,598
Investment Income
$470,079
Other Revenue
$54,049
All Other Contributions
$1,857,727
Change in Net Assets
$-421,503

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,604,218
Revenue Not Reported on Financial Statements
$-63,765
Revenue Not Reported on Form 990
$-2,625,732
Other Revenue Adjustments
$-90,764
Total Revenue per Audited Statements
$10,978,486
Total Revenue per Form 990
$13,540,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,231,621
Other Expenses$4,555,727
Grants and Similar Amounts Paid$3,174,608
Total Fundraising Expense$811,412
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,395,420$755,536$404,658$4,555,614
Grants to Domestic Individuals$3,174,608--$3,174,608
Other Employee Benefits$651,804$183,417$77,687$912,908
Depreciation Depletion$674,302$20,300$5,390$699,992
Occupancy$576,312$17,315$4,597$598,224
Payroll Taxes$254,495$118,171$29,484$402,150
Current Officers, Directors, Trustees, and Key Employees-$360,949-$360,949
Travel$237,980$78,916$12,204$329,100
All Other Expenses$269,517$39,715$160$309,392
Fees for Services Other$48,469$94,381$129,333$272,183
Other Expenses$79,873$109,007$25,888$214,768
Insurance$144,359$54,048$1,133$199,540
Advertising-$90,159$91,712$181,871
Fees for Services Legal-$82,706-$82,706
Interest$77,314--$77,314
Office Expenses$17,031$41,536$15,388$73,955
Fees for Services Accounting-$63,002-$63,002
Information Technology$54,508--$54,508
Fees for Service Investment Mgmnt Fees-$26,999-$26,999
Total Functional Expenses$10,898,222$2,252,322$811,412$13,961,956

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,961,956
Total Expenses per Audited Statements$10,851,113
Expenses per Audited Statements$10,760,349
Expenses Not Reported on Financial Statements$3,201,607
Other Expense Adjustments$3,174,608
Expenses Not Reported on Form 990$90,764
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$457,316
David HoltonAcademy TrusteeThe Academy Purchases Property and Casualty Insurance From an Insurance Agent Who Is Also a Trustee of the AcademyNo$226,831
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advanced Tuition$1,491,429
Split-interest Annuities$234,798
Capital Lease Obligation$992
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
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Zaccara
Formed
1876
Legal Domicile
Vt
Voting Board Members
17
Independent Board Members
17
Employees
198
Volunteers
12

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:

Change in the value of split-interest agreements 26,250.

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 $3,000,000 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 believes it is no longer subject to examinations for years prior to 2016.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of split interest agreements 26,250. Financial aid -3,174,608.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold -90,764.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 90,764.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 3,174,608.

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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/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1732935
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1846940
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/PersonNm10STEVEN KAROL
IRS990/Form990PartVIISectionAGrp/PersonNm11LORI PAPRIN
IRS990/Form990PartVIISectionAGrp/PersonNm12LEE RYDER
IRS990/Form990PartVIISectionAGrp/PersonNm13MARK SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm14RICHARD STARK
IRS990/Form990PartVIISectionAGrp/PersonNm15TYLOR TREGELLAS
IRS990/Form990PartVIISectionAGrp/PersonNm16ANDREW WARD
IRS990/Form990PartVIISectionAGrp/PersonNm17JENNIFER ZACCARA
IRS990/Form990PartVIISectionAGrp/PersonNm18JEFFERY 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/ReportableCompFromOrgAmt17210000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18118750
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/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/TitleTxt14VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt18CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01876
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt06746
IRS990/GainOrLossGrp/SecuritiesAmt081406
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt03174608
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt03174608
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03174608
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt092325
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt081406
IRS990/GrossReceiptsAmt013716796
IRS990/GrossRentsGrp/RealAmt029593
IRS990/GrossSalesOfInventoryAmt0115220
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt054508
IRS990/InformationTechnologyGrp/TotalAmt054508
IRS990/InsuranceGrp/FundraisingAmt01133
IRS990/InsuranceGrp/ManagementAndGeneralAmt054048
IRS990/InsuranceGrp/ProgramServicesAmt0144359
IRS990/InsuranceGrp/TotalAmt0199540
IRS990/InterestGrp/ProgramServicesAmt077314
IRS990/InterestGrp/TotalAmt077314
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0118659
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0102589
IRS990/InvestmentIncomeGrp/ExclusionAmt0381927
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0381927
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt012827306
IRS990/InvestmentsPubTradedSecGrp/EOYAmt012339927
IRS990/IRPDocumentCnt047
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015121174
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011872066
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011557591
IRS990/LandBldgEquipCostOrOtherBssAmt026678765
IRS990/LegalDomicileStateCd0VT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt085579
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/BOYAmt01340439
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01513643
IRS990/NetAssetsOrFundBalancesBOYAmt023667970
IRS990/NetAssetsOrFundBalancesEOYAmt023795343
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt088152
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt088152
IRS990/NetIncomeOrLossGrp/ExclusionAmt024456
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt024456
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt09154
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt029593
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt020439
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0522626
IRS990/NoncashContributionsAmt0632
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt04597
IRS990/OccupancyGrp/ManagementAndGeneralAmt017315
IRS990/OccupancyGrp/ProgramServicesAmt0576312
IRS990/OccupancyGrp/TotalAmt0598224
IRS990/OfficeExpensesGrp/FundraisingAmt015388
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt041536
IRS990/OfficeExpensesGrp/ProgramServicesAmt017031
IRS990/OfficeExpensesGrp/TotalAmt073955
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02693720
IRS990/OtherAssetsTotalGrp/EOYAmt02827895
IRS990/OtherChangesInNetAssetsAmt026250
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt077687
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0183417
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0651804
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0912908
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND SMALL EQUI
IRS990/OtherExpensesGrp/Desc1EDUCATION PROGRAMS
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3NOT OTHERWISE CLASSIFIE
IRS990/OtherExpensesGrp/FundraisingAmt010967
IRS990/OtherExpensesGrp/FundraisingAmt12811
IRS990/OtherExpensesGrp/FundraisingAmt225888
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0105648
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110517
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2109007
IRS990/OtherExpensesGrp/ProgramServicesAmt0490498
IRS990/OtherExpensesGrp/ProgramServicesAmt1395366
IRS990/OtherExpensesGrp/ProgramServicesAmt2356366
IRS990/OtherExpensesGrp/ProgramServicesAmt379873
IRS990/OtherExpensesGrp/TotalAmt0607113
IRS990/OtherExpensesGrp/TotalAmt1395366
IRS990/OtherExpensesGrp/TotalAmt2369694
IRS990/OtherExpensesGrp/TotalAmt3214768
IRS990/OtherLiabilitiesGrp/BOYAmt03416921
IRS990/OtherLiabilitiesGrp/EOYAmt01727219
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0404658
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0755536
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03395420
IRS990/OtherSalariesAndWagesGrp/TotalAmt04555614
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt029484
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0118171
IRS990/PayrollTaxesGrp/ProgramServicesAmt0254495
IRS990/PayrollTaxesGrp/TotalAmt0402150
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt08819879
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt09076460
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt044958
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt039318
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0195732
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt053498
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/RelatedOrExemptFuncIncomeAmt010429656
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1663611
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt265331
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010429656
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1663611
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt265331
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/ExpenseAmt0108565
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt065331
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01979025
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03009918
IRS990/PYInvestmentIncomeAmt01311671
IRS990/PYOtherExpensesAmt04273157
IRS990/PYOtherRevenueAmt074275
IRS990/PYProgramServiceRevenueAmt012139507
IRS990/PYRevenuesLessExpensesAmt01628302
IRS990/PYSalariesCompEmpBnftPaidAmt06593101

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
2019Detailed filing. Detailed filing data is available for this year.$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
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