2025-03-12T13:36:43-05:00 2024-06-30 030225774 GALLAGHER FLYNN & COMPANY LLP 725 COMMUNITY DRIVE SUITE 401 SOUTH BURLINGTON VT 05403 990 2023-07-01 030179404 BURR & BURTON SEMINARY BURR 8023621775 PO BOX 498 MANCHESTER VT 05254 SCOTT SWENOR TREASURER 8023621775 2025-02-11 1 0 AMY L WOOD CPA P02457252 8028631331 2025-02-11 2023 2025-03-06 01:10:19Z BURR AND BURTON ACADEMY SCOTT SWENOR PO BOX 498 MANCHESTER VT 05254 35111640 0 X WWW.BURRBURTON.ORG X 1829 VT ACCREDITED INDEPENDENT HIGH SCHOOL - PROVIDING EDUCATION FOR GRADES 9-12 19 19 318 0 0 0 1631993 1650231 18540721 18732624 929269 1022525 43453 183774 21145436 21589154 885606 912734 0 0 15569138 16077903 0 0 900438 6651332 6639239 23106076 23629876 -1960640 -2040722 70917173 72629232 5626498 6699326 65290675 65929906 TO EDUCATE STUDENTS INTELLECTUALLY AND MORALLY FOR A LIFE OF RESPONSIBILITY, INTEGRITY AND SERVICE. 0 0 20341001 912734 18429034 BURR AND BURTON ACADEMY (BBA) IS AN INDEPENDENT SCHOOL THAT SERVES THE GENERAL PUBLIC. FOUNDED IN 1829, BBA SERVES 13 TOWNS IN SOUTHERN VERMONT AND IS COMMITTED TO PROVIDING AN OUTSTANDING EDUCATIONAL OPPORTUNITY TO EVERY STUDENT. BBA SERVES APPROXIMATELY 755 DOMESTIC AND 26 INTERNATIONAL STUDENTS FROM VARIOUS COUNTRIES. FAMILIES IN SENDING TOWNS PAY NO TUITION; TUITION IS PAID BY EACH SENDING TOWN. THE STUDENT BODY IS DIVERSE SOCIOECONOMICALLY. BBA HAS A VIRTUALLY 100% GRADUATION RATE & 80%-90% COLLEGE MATRICULATION RATE. BBA BRINGS THE BEST OF INDEPENDENT SCHOOL PHILOSOPHY AND EXPECTATIONS COUPLED WITH THE DEMOCRATIC IDEAL OF EDUCATION FOR ALL. 591308 545288 FOOD SERVICE 20932309 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 62 0 318 1 0 0 0 0 0 1 1 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X JEFF SPENCER 8025498131 PO BOX 498 MANCHESTER VT 05254 SCOTT SWENOR TREASURER 5.00 X X 0 0 0 SANFRA WEISS SECRETARY 5.00 X X 0 0 0 ROB REDMOND TRUSTEE 3.00 X 0 0 0 RABBI MICHAEL COHEN TRUSTEE 3.00 X 0 0 0 PEGGY BROCKETT TRUSTEE 3.00 X 0 0 0 MICHAEL POWERS TRUSTEE 3.00 X 0 0 0 MICHAEL COOPERMAN TRUSTEE 3.00 X 0 0 0 KELLIE WAITE TRUSTEE 3.00 X 0 0 0 HEIDI LYNN TRUSTEE 3.00 X 0 0 0 BILL PHILIP TRUSTEE 3.00 X 0 0 0 ED CAMPBELL VICE CHAIR 5.00 X X 0 0 0 CHARLEY STEVENSON BOARD CHAIR 10.00 X X 0 0 0 CAROL O'CONNOR TRUSTEE 5.00 X 0 0 0 BRIAN BAREFOOT TRUSTEE 3.00 X 0 0 0 BILL CAIRNS TRUSTEE 3.00 X 0 0 0 DAPHNE MARKCROW TRUSTEE 3.00 X 0 0 0 ANDREW BOYER TRUSTEE 3.00 X 0 0 0 PAULINE DE LASZLO TRUSTEE 3.00 X 0 0 0 TOM KELLY TRUSTEE 3.00 X 0 0 0 MARK TASHJIAN HEADMASTER 60.00 X 260484 0 36993 MARGARET KENNY ASSOCIATE HEAD OF SCHOOL 60.00 X 165649 0 8930 JEFF SPENCER DIRECTOR OF FINANCE 50.00 X 62500 0 7707 KATE LEACH DIRECTOR OF ADVANCEMENT 50.00 X 118745 0 6070 MICHAEL CARACO DEAN OF FACULTY 40.00 X 117327 0 6034 DAVID MICELI DIRECTOR OF ATHLETICS 40.00 X 115774 0 6172 AMY WRIGHT DIRECTOR OF TECHNOLOGY 50.00 X 113811 0 5811 JUSTIN HERRINGTON DIRECTOR OF ADMISSION 50.00 X 112979 0 5789 1067269 0 83506 14 0 1 0 HAMILTON HOME IMPROVEMENTS LLC 813 SOUTH STREAM RD BENNINGTON VT 05201 CONSTRUCTION 528170 HIGH TECH P&H INC PO BOX 541 MANCHESTER VT 05254 PLUMBING AND HEATING REPAIRS 218684 HERRMANN CONSTRUCTION PO BOX 604 MANCHESTER CENTER VT 05255 CONSTRUCTION 133091 3 214509 87317 1348405 25438 1650231 TUITION AND FEES 611600 18187336 18187336 FOOD SERVICE 611600 545288 545288 18732624 824981 824981 13623294 13425750 197544 197544 197544 29710 214509 96736 -67026 -67026 MISCELLANEOUS 611600 250800 241698 9102 250800 21589154 18974322 0 964601 483664 483664 429070 429070 561472 218236 210225 133011 11180457 10273929 530247 376281 510959 463397 22636 24926 2944271 2670206 130434 143631 880744 798761 39018 42965 7120 7120 38746 38746 66450 66450 138756 138756 1382691 993827 333874 54990 7821 7821 128281 63691 2592 61998 46173 46173 508854 495886 8257 4711 550241 528419 15636 6186 107298 72027 27202 8069 24283 23569 455 259 2104077 2042194 39404 22479 339906 329909 6366 3631 SUPPLIES 758267 741966 16301 EQUIPMENT AND LEASES 210529 189887 20642 ROOM AND BOARD 24564 24564 195182 81286 112896 1000 23629876 20932309 1797129 900438 1635 1227 1042177 446142 61692 93349 759196 1685765 35704 44590 58907047 24286093 35326351 34620954 31485589 33534997 17036 14415 2187793 2187793 70917173 72629232 3222838 2921455 377647 1741174 329885 282759 250585 237997 1445543 1515941 5626498 6699326 X 42422538 40316901 22868137 25613005 65290675 65929906 70917173 72629232 X -2040722 2690388 -10435 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 66450 66450 0 PART II-B, LINE 1: HIRED A PROFESSIONAL LOBBYING FIRM TO MONITOR LEGISLATIVE ACTIVITIES IN VERMONT RELATED TO SCHOOL CHOICE AND INDEPENDENT SCHOOL GOVERNANCE ON BBA'S BEHALF. 0 25189655 121363 3344775 934791 27701823 23613894 51073 2534166 1009478 25189655 27629986 278131 -3386336 907887 23613894 21471292 1045457 5849749 736512 27629986 20893613 105758 1306546 834625 21471292 0 0 1682198 1682198 49136833 18824788 30312045 5414091 4202720 1211371 2673925 1258585 1415340 34620954 CASH HELD IN CUSTODY FOR OTHERS 120514 RETIREMENT BENEFIT LIABILITY 1395427 1515941 X 23314353 2690388 -10435 2679953 20634400 138756 815998 954754 21589154 22675122 96736 96736 22578386 138756 912734 1051490 23629876 PART V, LINE 4: ENDOWMENT FUNDS: BBA MANAGES ITS ENDOWMENT FUNDS (DONOR RESTRICTED AND BOARD-DESIGNATED) IN ACCORDANCE WITH VERMONT LAWS, INCLUDING THE STATE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (SUPMIFA). ACCORDINGLY, BBA HAS ADOPTED INVESTMENT AND SPENDING POLICIES THAT ARE REVIEWED ANNUALLY AND ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ASSETS. BBA'S SPENDING POLICY PROVIDES FOR ANNUAL APPROPRIATION FOR DISTRIBUTION OF UP TO 5% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE, MEASURED AND SMOOTHED ON A ROLLING 20-QUARTER BASIS. IN PRACTICE, BBA APPROPRIATES APPROXIMATELY 4% OF THE ENDOWMENT FUND'S AVERAGE FAIR VALUE, MEASURED AND SMOOTHED ON A ROLLING 20-QUARTER BASIS. AMOUNTS REPORTED AS EXPENSES IN SCHEDULE D, PART V (LINES D THROUGH F) ARE REPORTED ON A CASH BASIS. THEREFORE, THERE MAY BE TIMING DIFFERENCES BETWEEN WHEN THE EXPENSES WERE INCURRED AND THE ENDOWMENT DRAW WAS MADE. THE SPENDING IS TO BE USED FIRST IN ACCORDANCE WITH DONOR RESTRICTIONS, IF ANY, AND THEN FOR OPERATIONS, SUPPORT OF CAPITAL EXPENDITURES, SCHOLARSHIPS TO STUDENTS, OR OTHER BOARD-DESIGNATED PURPOSES. PART X, LINE 2: EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITION BBA HAS TAKEN IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS BBA HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, THEREFORE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THE FINANCIAL STATEMENTS. TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE MOST RECENT THREE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -10,435. GAIN ON NON-CASH EXCHANGE OF REAL ESTATE PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERNATIONAL & DOMESTIC SCHOLARSHIP AWARDS (REPORTED GROSS FOR 990, NET FOR AUDIT) 912,734. DIRECT FUNDRAISING EXPENSES (REPORTED NET FOR 990, GROSS FOR AUDIT) -96,736. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES (REPORTED NET FOR 990, GROSS FOR AUDIT) 96,736. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERNATIONAL & DOMESTIC SCHOLARSHIP AWARDS (REPORTED GROSS FOR 990, NET FOR AUDIT) 912,734. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BBA HAS INCLUDED ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS COURSE STUDY BOOKLET, WHICH IS PROVIDED TO ALL PROSPECTIVE STUDENTS. THE POLICY CAN ALSO BE FOUND ON BBA'S WEBSITE. SCHEDULE E, PART I, LINE 6 BBA RECEIVES PAYMENTS FOR STUDENT TUITION FROM LOCAL MUNICIPALITIES WHOSE STUDENTS ATTEND BBA. 0 0 0 0 0 0 0 0 0 0 SCHOLARSHIPS TO STUDENTS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 5 118000 FINANCIAL AID FMV SCHOLARSHIPS TO STUDENTS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 9 262640 FINANCIAL AID FMV SCHOLARSHIPS TO STUDENTS SOUTH AMERICA 7 48430 FINANCIAL AID FMV 0 0 0 0 0 0 GALA 239954 214509 25445 54839 12111 3677 REUNION 4265 4265 3188 11304 1000 10617 1 244219 214509 29710 58027 11304 13111 14294 96736 -67026 1 SCHOLARSHIPS TO STUDENTS 107 483664 FMV FINANCIAL AID X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 MARK TASHJIAN HEADMASTER 260484 0 0 0 0 0 35607 0 1386 0 297477 0 0 0 MARGARET KENNY ASSOCIATE HEAD OF SCHOOL 165649 0 0 0 0 0 8398 0 532 0 174579 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, BBA REQUIRES THE HEADMASTER TO LIVE ON CAMPUS. THEREFORE, BBA OWNS A PROPERTY WHICH IS USED BY THE HEADMASTER AS A RESIDENCE FOR PERSONAL USE. PART I, LINE 4B IN 2008, BBA ESTABLISHED A 457(F) PLAN, AS SUBSEQUENTLY AMENDED, FOR THE BENEFIT OF ITS HEADMASTER, MARK TASHJIAN. THE BALANCE IN THE PLAN AS OF JUNE 30, 2024 WAS $569,026. THERE WERE NO ADDITIONAL CONTRIBUTIONS TO OR DISTRIBUTIONS FROM THE PLAN MADE BY BBA DURING THE YEAR. NO CONTRIBUTIONS HAVE BEEN MADE TO THE 457(F) PLAN SINCE 2016. A VERMONT ECONOMIC DEVELOPMENT AUTHORITY (VEDA) 036024497 2004-09-29 5000000 CAMPUS IMPROVEMENTS 0 0 0 A 3000000 81364 2918636 2005 0 0 1 0 A 0 0 0 0 1 0 1 A 0 0 0 0 1 0 0 0 1 A 0 X 5 25438 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 REVIEW COMMITTEE, AN AD HOC COMMITTEE OF THE BOARD OF TRUSTEES, REVIEWS THE FORM 990 IN DETAIL FOR ACCURACY AND COMPLETENESS TO THE BEST OF ITS ABILITY. THE COMMITTEE THEN REPORTS ITS FINDINGS AND RECOMMENDATIONS AND PROVIDES A PUBLIC DISCLOSURE COPY OF THE 990 TO THE BOARD. ANY ITEMS OF UNCERTAINTY ARE CLARIFIED AND/OR CORRECTED BEFORE THE RETURN IS FILED. THE COMMITTEE ADVISES THE FULL BOARD THAT THE FORM 990 HAS BEEN FILED AND THAT A FULL COPY IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C BBA REQUIRES THE ANNUAL COMPLETION OF A CONFLICT OF INTEREST QUESTIONNAIRE. IF A CONFLICT ARISES DURING THE YEAR, THE INVOLVED PARTIES ARE REQUIRED TO REPORT IT AS IT ARISES. FORM 990, PART VI, SECTION B, LINE 15A CHAIR AND TREASURER OF THE BOARD OF TRUSTEES ARE CHARGED WITH HEADMASTER COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -10,435. FORM 990, PART XII, LINE 2C BBA DID NOT CHANGE ITS AUDIT OVERSIGHT OR SELECTION PROCESS DURING THE YEAR.