Civic Intelligence

Vermont Academy

990 • Fiscal year 2020 • EIN 03-0179600

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

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

39th percentile

0.16x

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.40x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

16th percentile

-12%

Higher net margin than 16% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

52nd percentile

$256,766

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

17th percentile

-2.4%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$27,099,824

Down $670,830 (-2.4%) from 2019

Net Assets

Down

$22,642,395

Down $1,152,948 (-4.8%) from 2019

Liabilities

Up

$4,457,429

Up $482,118 (+12%) from 2019

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin16th percentile

Revenue

Down

$11,231,817

Down $2,308,636 (-17%) from 2019

Expenses

Down

$12,531,535

Down $1,430,421 (-10%) from 2019

Net Income

Down

-$1,299,718

Down $878,215 (-208%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2020

Assets$27,099,824
Liabilities$4,457,429
Net Assets$22,642,395
Open 2020 Filing

Operations Trend

Revenue Growth19th 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

2020

Revenue$11,231,817
Expenses$12,531,535
Net Income-$1,299,718
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$11,288,295
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$12,339,927$11,544,653▼ $795,274
Land, Buildings, and Equipment, Net$11,557,591$11,021,313▼ $536,278
Cash and Non-Interest-Bearing Accounts$672,273$1,352,175▲ $679,902
Accounts Receivable$177,563$166,794▼ $10,769
Inventories for Sale or Use$102,589$112,770▲ $10,181
Prepaid Expenses and Deferred Charges$53,498$84,407▲ $30,909
Pledges and Grants Receivable$39,318$76,528▲ $37,210
Total Assets$27,770,654$27,099,824▼ $670,830
Other Assets Total$2,827,895$2,741,184▼ $86,711
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,513,643$2,362,578▲ $848,935
Other Liabilities$1,727,219$1,787,387▲ $60,168
Accounts Payable and Accrued Expenses$685,504$307,464▼ $378,040
Deferred Revenue$48,945$0▼ $48,945
Total Liabilities$3,975,311$4,457,429▲ $482,118
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,270,852$12,212,846▼ $1,058,006
Net Assets With Donor Restrictions$10,524,491$10,429,549▼ $94,942
Total Net Assets Fund Balance$23,795,343$22,642,395▼ $1,152,948
Total Liabilities and Net Assets / Fund Balance$27,770,654$27,099,824▼ $670,830

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,023,714$11,686,191$21,709,905
Equipment$359,667$2,721,398$3,081,065
Leasehold Improvements$279,308$1,373,279$1,652,587
Land$316,624-$316,624
Other Land Buildings$42,000-$42,000
Other Assets Org$197,371--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$12,083,142$106,063▲ $527,499$1,395,895$11,320,809
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
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer ZaccaraHead of SchoolFT$220,000$36,766$256,766
Melanie HoffmannAssistant Head of SchoolFT$167,626$58,321$225,947
Jeffery SeatonCFOFT$117,485$48,616$166,101

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
Revenue and Support

Revenue Composition

Contributions and Grants
$1,133,076
Program Service Revenue
$9,674,405
Investment Income
$359,450
Other Revenue
$64,886
All Other Contributions
$1,133,076
Change in Net Assets
$-1,299,718

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,262,676
Revenue Not Reported on Financial Statements
$-30,859
Revenue Not Reported on Form 990
$-3,329,481
Other Revenue Adjustments
$-56,478
Total Revenue per Audited Statements
$7,933,195
Total Revenue per Form 990
$11,231,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,340,683
Other Expenses$3,714,601
Grants and Similar Amounts Paid$3,476,251
Total Fundraising Expense$686,774
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,663,115$667,111$412,043$3,742,269
Grants to Domestic Individuals$3,476,251--$3,476,251
Other Employee Benefits$607,454$162,642$93,997$864,093
Depreciation Depletion$635,483$19,131$5,080$659,694
Occupancy$463,784$13,926$3,697$481,407
Current Officers, Directors, Trustees, and Key Employees-$413,246-$413,246
Payroll Taxes$197,880$93,504$29,691$321,075
All Other Expenses$237,405$4,207-$241,612
Insurance$119,383$92,651$893$212,927
Other Expenses$69,428$99,897$30,693$200,018
Travel$118,448$54,417$13,864$186,729
Advertising-$89,571$53,175$142,746
Office Expenses$41,787$52,009$7,562$101,358
Fees for Services Legal-$97,978-$97,978
Information Technology$56,470--$56,470
Interest$54,760--$54,760
Fees for Services Other$8,705$33,265$12,614$54,584
Fees for Services Accounting-$53,736-$53,736
Fees for Service Investment Mgmnt Fees-$25,619-$25,619
Total Functional Expenses$9,746,871$2,097,890$686,774$12,531,535

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,531,535
Total Expenses per Audited Statements$9,086,143
Expenses per Audited Statements$9,029,665
Expenses Not Reported on Financial Statements$3,501,870
Other Expense Adjustments$3,476,251
Expenses Not Reported on Form 990$56,478
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advanced Tuition$1,565,544
Split-interest Annuities$220,851
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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
2021-05-17
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
190
Volunteers
2

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 -48,524.”

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 -48,524. Financial aid -3,476,251.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Cost of goods sold -56,478.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 56,478.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 3,476,251.”

Raw XML AppendixShowing 400 of 697 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.

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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/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/PersonNm19MELANIE HOFFMANN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18117485
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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/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/Form990PartVIISectionAGrp/TitleTxt19ASSISTANT HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01876
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt012376
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt03476251
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt03476251
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03476251
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt012376
IRS990/GrossReceiptsAmt011288295
IRS990/GrossRentsGrp/RealAmt025224
IRS990/GrossSalesOfInventoryAmt096140
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt056470
IRS990/InformationTechnologyGrp/TotalAmt056470
IRS990/InsuranceGrp/FundraisingAmt0893
IRS990/InsuranceGrp/ManagementAndGeneralAmt092651
IRS990/InsuranceGrp/ProgramServicesAmt0119383
IRS990/InsuranceGrp/TotalAmt0212927
IRS990/InterestGrp/ProgramServicesAmt054760
IRS990/InterestGrp/TotalAmt054760
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0102589
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0112770
IRS990/InvestmentIncomeGrp/ExclusionAmt0347074
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0347074
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt012339927
IRS990/InvestmentsPubTradedSecGrp/EOYAmt011544653
IRS990/IRPDocumentCnt050
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015780868
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011557591
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011021313
IRS990/LandBldgEquipCostOrOtherBssAmt026802181
IRS990/LegalDomicileStateCd0VT
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/BOYAmt01513643
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02362578
IRS990/NetAssetsOrFundBalancesBOYAmt023795343
IRS990/NetAssetsOrFundBalancesEOYAmt022642395
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt012376
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt012376
IRS990/NetIncomeOrLossGrp/ExclusionAmt039662
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt039662
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt03801
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt025224
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt021423
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0195294
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt013270852
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt012212846
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03697
IRS990/OccupancyGrp/ManagementAndGeneralAmt013926
IRS990/OccupancyGrp/ProgramServicesAmt0463784
IRS990/OccupancyGrp/TotalAmt0481407
IRS990/OfficeExpensesGrp/FundraisingAmt07562
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt052009
IRS990/OfficeExpensesGrp/ProgramServicesAmt041787
IRS990/OfficeExpensesGrp/TotalAmt0101358
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02827895
IRS990/OtherAssetsTotalGrp/EOYAmt02741184
IRS990/OtherChangesInNetAssetsAmt0-48524
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt093997
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0162642
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0607454
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0864093
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND SMALL EQUI
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2EDUCATION PROGRAMS
IRS990/OtherExpensesGrp/Desc3NOT OTHERWISE CLASSIFIE
IRS990/OtherExpensesGrp/FundraisingAmt020483
IRS990/OtherExpensesGrp/FundraisingAmt12982
IRS990/OtherExpensesGrp/FundraisingAmt230693
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0114231
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110749
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt299897
IRS990/OtherExpensesGrp/ProgramServicesAmt0337721
IRS990/OtherExpensesGrp/ProgramServicesAmt1360404
IRS990/OtherExpensesGrp/ProgramServicesAmt2298393
IRS990/OtherExpensesGrp/ProgramServicesAmt369428
IRS990/OtherExpensesGrp/TotalAmt0472435
IRS990/OtherExpensesGrp/TotalAmt1374135
IRS990/OtherExpensesGrp/TotalAmt2298393
IRS990/OtherExpensesGrp/TotalAmt3200018
IRS990/OtherLiabilitiesGrp/BOYAmt01727219
IRS990/OtherLiabilitiesGrp/EOYAmt01787387
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0412043
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0667111
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02663115
IRS990/OtherSalariesAndWagesGrp/TotalAmt03742269
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt029691
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt093504
IRS990/PayrollTaxesGrp/ProgramServicesAmt0197880
IRS990/PayrollTaxesGrp/TotalAmt0321075
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt039318
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt076528
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt053498
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt084407
IRS990/PrincipalOfficerNm0JENNIFER ZACCARA
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SUPPORTING REV
IRS990/ProgramServiceRevenueGrp/Desc2SUMMER PROGRAM REV.
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1467565
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt249920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09156920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1467565
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt249920
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/ExpenseAmt070374
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt049920
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01857727
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03174608
IRS990/PYInvestmentIncomeAmt0470079
IRS990/PYOtherExpensesAmt04555727
IRS990/PYOtherRevenueAmt054049
IRS990/PYProgramServiceRevenueAmt011158598
IRS990/PYRevenuesLessExpensesAmt0-421503
IRS990/PYSalariesCompEmpBnftPaidAmt06231621
IRS990/PYTotalExpensesAmt013961956
IRS990/PYTotalProfFndrsngExpnsAmt00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,099,824
Liabilities
$4,457,429
Net assets
$22,642,395
Revenue
$11,231,817
Expenses
$12,531,535
Net income
-$1,299,718
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
2020Detailed filing. Detailed filing data is available for this year.$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
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