Totals
- Total revenue
- $15,231,385
- Total expenses
- $13,597,146
- Contributions and grants received
- $2,364,260
- Grants paid
- $706,297
- Program service revenue
- $11,440,899
- Investment income
- $1,336,447
- Other revenue
- $89,779
- Total assets, end of year
- $28,312,955
- Total liabilities, end of year
- $8,272,138
- Net assets or fund balances, end of year
- $20,040,817
- Program services expenses (Part IX)
- $9,951,231
- Management and general expenses
- $3,309,559
- Fundraising expenses
- $336,356
- Program service expenses (Part III)
- $9,951,231
Program services were 73.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$21,400
-
1e · Government grants (contributions)
$1,807,455
-
1f · All other contributions, gifts and grants
$535,405
-
1g · Noncash contributions included above
$21,400
-
2a · Program service revenue: TUITION AND FEES
total $10,442,307 · related or exempt $10,442,307
-
2b · Program service revenue: RESIDENTIAL PROGRAM INCOME
total $546,036 · related or exempt $546,036
-
2c · Program service revenue: FOOD SALES
total $346,297 · related or exempt $346,297
-
2d · Program service revenue: ATHLETIC INCOME
total $15,594 · related or exempt $15,594
-
2f · All other program service revenue
total $90,665 · related or exempt $90,665
-
3 · Investment income
total $454,814 · excluded $454,814
-
6a · Gross rents
real property $246,829
-
6b · Less rental expenses
real property $130,103
-
6c · Rental income or loss
real property $116,726
-
6d · Net rental income or loss
total $116,726 · unrelated business -$1,538 · excluded $118,264
-
7a · Gross sales of assets other than inventory
securities $4,914,078 · other assets $1,300
-
7b · Less cost or other basis and sales expenses
securities $4,033,745 · other assets $0
-
7c · Gain or loss
securities $880,333 · other assets $1,300
-
7d · Net gain or loss
total $881,633 · excluded $881,633
-
8a · Fundraising events: gross income
$1,338
-
8a · Fundraising events: contributions included on line 1c
$21,400
-
8b · Fundraising events: direct expenses
$28,285
-
8c · Net income from fundraising events
total -$26,947 · excluded -$26,947
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $706,297 · program services $706,297
-
5 · Compensation of officers, directors and key employees
total $529,291 · management and general $529,291
-
7 · Other salaries and wages
total $6,132,924 · program services $4,390,321 · management and general $1,522,921 · fundraising $219,682
-
8 · Pension plan contributions
total $816,181 · program services $741,117 · management and general $64,362 · fundraising $10,702
-
9 · Other employee benefits
total $746,769 · program services $529,641 · management and general $186,017 · fundraising $31,111
-
10 · Payroll taxes
total $483,597 · program services $323,751 · management and general $144,823 · fundraising $15,023
-
11b · Fees: legal
total $4,366 · program services $3,530 · management and general $836
-
11c · Fees: accounting
total $42,790 · program services $34,598 · management and general $8,192
-
11f · Fees: investment management
total $71,465 · program services $57,783 · management and general $13,682
-
11g · Fees: other
total $544,675 · program services $104,282 · management and general $440,393
-
12 · Advertising and promotion
total $66,286 · program services $66,286
-
13 · Office expenses
total $203,036 · program services $137,955 · management and general $39,344 · fundraising $25,737
-
14 · Information technology
total $136,967 · program services $116,979 · management and general $17,323 · fundraising $2,665
-
16 · Occupancy
total $921,155 · program services $921,155
-
17 · Travel
total $105,360 · program services $68,670 · management and general $31,908 · fundraising $4,782
-
19 · Conferences, conventions and meetings
total $6,509 · program services $2,296 · management and general $4,213
-
20 · Interest
total $321,206 · program services $289,085 · management and general $32,121
-
22 · Depreciation, depletion and amortization
total $759,828 · program services $615,460 · management and general $129,171 · fundraising $15,197
-
23 · Insurance
total $156,259 · program services $126,571 · management and general $26,563 · fundraising $3,125
-
24a · Other expenses: STUDENT ACTIVITIES
total $544,212 · program services $544,212
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $196,303 · program services $95,274 · management and general $95,546 · fundraising $5,483
-
24c · Other expenses: VEHICLE REPAIRS
total $53,748 · program services $53,748
-
24d · Other expenses: CTE BUSINESS EXPENSES
total $22,853 · management and general $22,853
-
24e · All other expenses
total $25,069 · program services $22,220 · fundraising $2,849
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $941,398 · end of year $1,909,937
-
3 · Pledges and grants receivable
beginning of year $153,790 · end of year $89,018
-
4 · Accounts receivable
beginning of year $429,767 · end of year $366,321
-
8 · Inventories for sale or use
beginning of year $60,354 · end of year $50,247
-
9 · Prepaid expenses and deferred charges
beginning of year $63,254 · end of year $75,724
-
10a · Land, buildings and equipment: cost or other basis
$24,991,019
-
10b · Land, buildings and equipment: accumulated depreciation
$14,030,155
-
10c · Land, buildings and equipment, net
beginning of year $10,553,784 · end of year $10,960,864
-
11 · Investments: publicly traded securities
beginning of year $11,889,234 · end of year $12,802,860
-
15 · Other assets
beginning of year $1,972,160 · end of year $2,057,984
-
17 · Accounts payable and accrued expenses
beginning of year $873,976 · end of year $936,444
-
19 · Deferred revenue
beginning of year $482,245 · end of year $686,931
-
23 · Secured mortgages and notes payable
beginning of year $6,667,199 · end of year $6,474,367
-
25 · Other liabilities
beginning of year $204,210 · end of year $174,396
-
27 · Net assets without donor restrictions
beginning of year $9,727,157 · end of year $11,683,957
-
28 · Net assets with donor restrictions
beginning of year $8,108,954 · end of year $8,356,860
Mission and programs · 2023
Mission
LYNDON INSTITUTE INSPIRES OUR STUDENTS TO BECOME ACCOMPLISHED LEARNERS, CREATIVE THINKERS, AND COMPASSIONATE COMMUNITY MEMBERS.
-
LYNDON INSTITUTE IS A COMPREHENSIVE TOWN ACADAMY FOR GRADES 9 - 12, OFFERING A 150-COURSE CURRICULUM SPECIALIZING IN CORE AND HONORS ACADEMICS, FINE AND PERFORMING ARTS AND TECHNICAL AND CAREER PROGRAMS.
Expenses $9,951,231 · Grants $706,297 · Revenue $11,440,899
As filed on the 2023 return.
Listed in Part VII
-
VICKI WALKER
TRUSTEE AS OF 09/23
- Total calculated
- $0
- Hours/week
- 4
-
DAVID GWATKIN
TRUSTEE AS OF 09/23
- Total calculated
- $0
- Hours/week
- 4
-
EVAN CARLSON
TRUSTEE AS OF 09/23
- Total calculated
- $0
- Hours/week
- 4
-
ROY STARLING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
PATICIA EMERY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
LARISSA CISI FLYNN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
CALEB BURRINGTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
LORALEE L TESTER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
HEATHER BATALION
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
BETSY J BAILEY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
STEPHEN MALESKI
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
LORRAINE B IMPEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
BRETTON J GALE
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
LAURIE BOSWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
RYAN NOYES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
ANGELA MIDDLETON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
AMBER MACEK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
WILLIAM LARRAMEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
GREGORY MCCORMICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
RICHARD ANGELL
DIRECTOR OF OPERATIONS
- Total calculated
- $113,072
- From this org
- $100,484
- From related orgs
- $0
- Other
- $12,588
- Hours/week
- 40
-
MEAGAN HOWARD
CFO
- Total calculated
- $133,145
- From this org
- $126,195
- From related orgs
- $0
- Other
- $6,950
- Hours/week
- 40
-
BRIAN BLOOMFIELD
HEAD OF SCHOOL
- Total calculated
- $280,214
- From this org
- $233,125
- From related orgs
- $0
- Other
- $47,089
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $233,125
- Bonus
- $0
- Other
- $0
- Deferred
- $4,944
- Nontaxable benefits
- $42,145
- Filer's total
- $280,214
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413119349303101
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