Civic Intelligence

Vermont Academy

990 • Fiscal year 2022 • EIN 03-0179600

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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

54th percentile

0.21x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

68th percentile

0.50x

Higher debt load relative to revenue than 68% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

6th percentile

-49%

Higher net margin than 6% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

75th percentile

$277,390

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

14th percentile

-13%

Faster asset growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

20th percentile

-16%

Faster revenue growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$24,019,233

Down $3,516,248 (-13%) from 2021

Net Assets

Down

$18,948,610

Down $4,972,980 (-21%) from 2021

Liabilities

Up

$5,070,623

Up $1,456,732 (+40%) from 2021

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin6th percentile

Revenue

Down

$10,107,402

Down $1,971,035 (-16%) from 2021

Expenses

Up

$15,080,382

Up $4,281,140 (+40%) from 2021

Net Income

Down

-$4,972,980

Down $6,252,175 (-489%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2022

Assets$24,019,233
Liabilities$5,070,623
Net Assets$18,948,610
Open 2022 Filing

Operations Trend

Revenue Growth20th 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

2022

Revenue$10,107,402
Expenses$15,080,382
Net Income-$4,972,980
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$10,199,354
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$11,544,673$11,017,906▼ $526,767
Land, Buildings, and Equipment, Net$11,081,451$9,035,782▼ $2,045,669
Prepaid Expenses and Deferred Charges$485,316$483,309▼ $2,007
Accounts Receivable$788,515$353,883▼ $434,632
Pledges and Grants Receivable$190,718$140,718▼ $50,000
Cash and Non-Interest-Bearing Accounts$590,504$133,231▼ $457,273
Inventories for Sale or Use$112,770$112,770→ $0
Total Assets$27,535,481$24,019,233▼ $3,516,248
Other Assets Total$2,741,534$2,741,634▲ $100
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,276,850$2,188,670▼ $88,180
Other Liabilities$230,343$1,656,496▲ $1,426,153
Accounts Payable and Accrued Expenses$861,716$1,207,165▲ $345,449
Deferred Revenue$244,982$18,292▼ $226,690
Total Liabilities$3,613,891$5,070,623▲ $1,456,732
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,429,549$17,403,998▲ $6,974,449
Net Assets Without Donor Restrictions$13,492,041$1,544,612▼ $11,947,429
Total Net Assets Fund Balance$23,921,590$18,948,610▼ $4,972,980
Total Liabilities and Net Assets / Fund Balance$27,535,481$24,019,233▼ $3,516,248

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,996,441$13,756,517$21,752,958
Equipment$394,991$2,725,000$3,119,991
Leasehold Improvements$285,726$1,400,000$1,685,726
Land$316,624-$316,624
Other Land Buildings$42,000-$42,000
Other Assets Org$450--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$11,320,809$45,308-$619,288$10,746,829
2020$11,320,809---$11,320,809
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
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer ZaccaraHead of SchoolFT$240,000$37,390$277,390
Jeffery SeatonCFOFT$70,030$24,981$95,011

Board Members and Trustees

NameTitle
Chris CotaChair
Linda SaarnijokiVice Chair
Cathy McdermottTrustee
David HoltonTrustee
Deborah WijnhovenTrustee
Diane WilderTrustee
Jayson DunbarTrustee
Jeanliss SanchezTrustee
Jeremy HerbertTrustee
Mary LibuttiTrustee
Micheal ChoukasTrustee
Thomas CapasseTrustee
Tom OxholmTrustee
Topher BrewerTrustee
Tylor TregellasTrustee
Vaughan HennumTrustee
William HosleyTrustee
Amy HowardSecretary
Matt GalanesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sage Dining Services INCDining Services1402 YORK ROAD, Lutherville, MD 21093$857,942
Marts & LundyAdvancement Consulting Services160 CHUBB AVENUE SUITE 303, Lyndhurst, NJ 07071$219,024
Revenue and Support

Revenue Composition

Contributions and Grants
$1,704,618
Program Service Revenue
$8,410,902
Investment Income
$61,303
Other Revenue
$-69,421
All Other Contributions
$1,704,618
Change in Net Assets
$-4,972,980
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,088,115
Grants and Similar Amounts Paid$5,563,553
Other Expenses$3,428,714
Total Fundraising Expense$209,662
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$5,563,553--$5,563,553
Other Salaries and Wages$3,657,912$40,692$16,431$3,715,035
Other Employee Benefits$609,108$515,937$11,493$1,136,538
Payroll Taxes$511,232$443,710$9,646$964,588
Depreciation Depletion$621,878$18,722$4,971$645,571
Occupancy$523,612$15,763$4,165$543,540
Current Officers, Directors, Trustees, and Key Employees-$271,954-$271,954
Insurance$128,972$120,234$944$250,150
Fees for Services Other$60,111$144,735$39,773$244,619
Travel$129,504$18,096$2,831$150,431
Other Expenses$131,945$108,363$8,316$131,945
Office Expenses$62,899$30,172$17,594$110,665
All Other Expenses$26,288$47,918$25,415$99,621
Advertising-$32,799$64,787$97,586
Information Technology$75,693--$75,693
Interest$58,707--$58,707
Fees for Services Legal-$31,923-$31,923
Fees for Services Accounting-$24,729-$24,729
Total Functional Expenses$12,992,602$1,878,118$209,662$15,080,382
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
Line of Credit$1,450,000
Split-interest Annuities$198,701
Faculty Deposits$6,803
Capital Lease Obligation$992
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Matt Emsley
Title
Head of Operations
Phone
8028696200
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Emsley
Formed
1876
Legal Domicile
Vt
Voting Board Members
19
Independent Board Members
19
Employees
112
Volunteers
19

Preparer

Firm
Tyler Simms & St Sauveur Cpas Pllc
Address
19 MORGAN DRIVE, LEBANON, NH 03766
Preparer
James N Godfrey CPA
Phone
6036530044
Supplemental Narrative

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 2018.”

Raw XML AppendixShowing 400 of 648 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/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 CENTER FOR LEARNING, THE ARTS, AND IN OUR SCIENCE AND ENGINEERING CURRICULUM.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1937390
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2024981
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHEAL CHOUKAS
IRS990/Form990PartVIISectionAGrp/PersonNm1AMY HOWARD
IRS990/Form990PartVIISectionAGrp/PersonNm2MATT GALANES
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRIS COTA
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID HOLTON
IRS990/Form990PartVIISectionAGrp/PersonNm5WILLIAM HOSLEY
IRS990/Form990PartVIISectionAGrp/PersonNm6LINDA SAARNIJOKI
IRS990/Form990PartVIISectionAGrp/PersonNm7TYLOR TREGELLAS
IRS990/Form990PartVIISectionAGrp/PersonNm8VAUGHAN HENNUM
IRS990/Form990PartVIISectionAGrp/PersonNm9TOM OXHOLM
IRS990/Form990PartVIISectionAGrp/PersonNm10CATHY MCDERMOTT
IRS990/Form990PartVIISectionAGrp/PersonNm11TOPHER BREWER
IRS990/Form990PartVIISectionAGrp/PersonNm12THOMAS CAPASSE
IRS990/Form990PartVIISectionAGrp/PersonNm13JAYSON DUNBAR
IRS990/Form990PartVIISectionAGrp/PersonNm14JEREMY HERBERT
IRS990/Form990PartVIISectionAGrp/PersonNm15MARY LIBUTTI
IRS990/Form990PartVIISectionAGrp/PersonNm16JEANLISS SANCHEZ
IRS990/Form990PartVIISectionAGrp/PersonNm17DEBORAH WIJNHOVEN
IRS990/Form990PartVIISectionAGrp/PersonNm18DIANE WILDER
IRS990/Form990PartVIISectionAGrp/PersonNm19JENNIFER ZACCARA
IRS990/Form990PartVIISectionAGrp/PersonNm20JEFFERY 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/ReportableCompFromOrgAmt19240000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2070030
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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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/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
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/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt20CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01876
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantAmt05563553
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt05563553
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt05563553
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt010199354
IRS990/GrossRentsGrp/RealAmt04268
IRS990/GrossSalesOfInventoryAmt018263
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt075693
IRS990/InformationTechnologyGrp/TotalAmt075693
IRS990/InsuranceGrp/FundraisingAmt0944
IRS990/InsuranceGrp/ManagementAndGeneralAmt0120234
IRS990/InsuranceGrp/ProgramServicesAmt0128972
IRS990/InsuranceGrp/TotalAmt0250150
IRS990/InterestGrp/ProgramServicesAmt058707
IRS990/InterestGrp/TotalAmt058707
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0112770
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0112770
IRS990/InvestmentIncomeGrp/ExclusionAmt061303
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt061303
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt011544673
IRS990/InvestmentsPubTradedSecGrp/EOYAmt011017906
IRS990/IRPDocumentCnt034
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt017881517
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011081451
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09035782
IRS990/LandBldgEquipCostOrOtherBssAmt026917299
IRS990/LegalDomicileStateCd0VT
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/BOYAmt02276850
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02188670
IRS990/NetAssetsOrFundBalancesBOYAmt023921590
IRS990/NetAssetsOrFundBalancesEOYAmt018948610
IRS990/NetIncomeOrLossGrp/ExclusionAmt0-73689
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-73689
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt04268
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt04268
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt013492041
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01544612
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt04165
IRS990/OccupancyGrp/ManagementAndGeneralAmt015763
IRS990/OccupancyGrp/ProgramServicesAmt0523612
IRS990/OccupancyGrp/TotalAmt0543540
IRS990/OfficeExpensesGrp/FundraisingAmt017594
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030172
IRS990/OfficeExpensesGrp/ProgramServicesAmt062899
IRS990/OfficeExpensesGrp/TotalAmt0110665
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02741534
IRS990/OtherAssetsTotalGrp/EOYAmt02741634
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011493
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0515937
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0609108
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01136538
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1EDUCATION PROGRAMS
IRS990/OtherExpensesGrp/Desc2SUPPLIES AND SMALL EQUI
IRS990/OtherExpensesGrp/Desc3BAD DEBTS
IRS990/OtherExpensesGrp/FundraisingAmt03296
IRS990/OtherExpensesGrp/FundraisingAmt18316
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012371
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1108363
IRS990/OtherExpensesGrp/ProgramServicesAmt0416740
IRS990/OtherExpensesGrp/ProgramServicesAmt1292845
IRS990/OtherExpensesGrp/ProgramServicesAmt2121603
IRS990/OtherExpensesGrp/ProgramServicesAmt3131945
IRS990/OtherExpensesGrp/TotalAmt0432407
IRS990/OtherExpensesGrp/TotalAmt1292845
IRS990/OtherExpensesGrp/TotalAmt2238282
IRS990/OtherExpensesGrp/TotalAmt3131945
IRS990/OtherLiabilitiesGrp/BOYAmt0230343
IRS990/OtherLiabilitiesGrp/EOYAmt01656496
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016431
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt040692
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03657912
IRS990/OtherSalariesAndWagesGrp/TotalAmt03715035
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09646
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0443710
IRS990/PayrollTaxesGrp/ProgramServicesAmt0511232
IRS990/PayrollTaxesGrp/TotalAmt0964588
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0190718
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0140718
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0485316
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0483309
IRS990/PrincipalOfficerNm0MATT EMSLEY
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/RelatedOrExemptFuncIncomeAmt08067071
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1294635
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt249196
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08067071
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1294635
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt249196
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01241875
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt06581227
IRS990/PYInvestmentIncomeAmt059505
IRS990/PYOtherExpensesAmt02610711
IRS990/PYOtherRevenueAmt02650
IRS990/PYProgramServiceRevenueAmt010774407

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,019,233
Liabilities
$5,070,623
Net assets
$18,948,610
Revenue
$10,107,402
Expenses
$15,080,382
Net income
-$4,972,980
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
2022Detailed filing. Detailed filing data is available for this year.$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
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