2026-05-15T08:54:51-05:00 2025-06-30 881478669 CBIZ ADVISORS LLC 53 STATE STREET 17TH FLOOR BOSTON MA 02109 990 2024-07-01 030179305 PUTNEY SCHOOL INC PUTN 8023876215 418 HOUGHTON BROOK ROAD PUTNEY VT 053468675 STEPHANIE HARKINS CFOO 8023876215 2026-05-14 1 1 DOUGLAS FARRINGTON P00370668 6178075000 2026-05-14 2024 2025-03-06 01:10:19Z JOHN MACINTOSH 418 HOUGHTON BROOK ROAD PUTNEY VT 053468675 34998813 0 X WWW.PUTNEYSCHOOL.ORG X 1935 VT INDEPENDENT, COEDUCATIONAL BOARDING AND DAY SECONDARY SCHOOL. 25 22 285 210 47405 0 4296130 5577603 16855228 16950333 2137638 6297859 32278 193802 23321274 29019597 4515199 3887333 0 0 8851439 9822210 0 0 680169 7391719 8167124 20758357 21876667 2562917 7142930 78609084 82980350 12970239 8326313 65638845 74654037 X THE ORGANIZATION IS COMMITTED TO DEVELOPING EACH STUDENT'S FULL INTELLECTUAL, ARTISTIC AND PHYSICAL POTENTIAL. STUDENTS ARE ENCOURAGED TO CHALLENGE THEMSELVES INTELLECTUALLY, TO PURSUE RIGOROUS LEARNING FOR ITS OWN SAKE, (SEE SCHEDULE O)THE ORGANIZATION IS COMMITTED TO DEVELOPING EACH STUDENT'S FULL INTELLECTUAL, ARTISTIC AND PHYSICAL POTENTIAL. STUDENTS ARE ENCOURAGED TO CHALLENGE THEMSELVES INTELLECTUALLY, TO PURSUE RIGOROUS LEARNING FOR ITS OWN SAKE, TO ACTIVELY PARTICIPATE IN AND APPRECIATE THE ARTS, TO CONTRIBUTE MEANINGFULLY TO THE WORK PROGRAM THAT SUSTAINS THE SCHOOL COMMUNITY AND THE FARM ON WHICH IT IS LOCATED, TO ENGAGE IN VIGOROUS ATHLETICS, AND TO DEVELOP A SOCIAL CONSCIOUSNESS AND WORLD VIEW THAT WILL PROVIDE THE FOUNDATION FOR LIFE-LONG MORAL AND INTELLECTUAL GROWTH. 0 0 17100794 3887333 16932063 THE PUTNEY SCHOOL PROVIDES AN EDUCATIONAL PROGRAM FOR APPROXIMATELY 165 BOARDING AND 61 DAY HIGH SCHOOL STUDENTS. 17100794 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 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 94 0 1 285 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 22 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 VT X X THE ORGANIZATION 8023876245 PUTNEY SCHOOL ELM LEA FARM PUTNEY VT 05346 ABIGAIL VERNEY-FINK FACULTY TRUSTEE 40.00 X 53941 0 30998 BOB RAYNOLDS TRUSTEE 1.00 X 0 0 0 CAITLIN BAGGOTT DAVIS TRUSTEE 1.00 X 0 0 0 CAROL HODGMAN FACULTY TRUSTEE 40.00 X 44379 0 88623 CHARLIE YOUNG TRUSTEE 1.00 X 0 0 0 CYANE B DANDRIDGE TRUSTEE 1.00 X 0 0 0 DANIEL O'BRIEN HEAD OF SCHOOL/TRUSTEE 40.00 X X 318824 0 41253 DINAH BUECHNER-VISCHER TRUSTEE 1.00 X 0 0 0 DREW BERESFORD TRUSTEE 1.00 X 0 0 0 ELIZABETH BLAYLOCK VICE CHAIR 1.00 X X 0 0 0 ETHAN GRAY TRUSTEE 1.00 X 0 0 0 HEATHER FREEDMAN TRUSTEE 1.00 X 0 0 0 INNOCENT NDUBUISI OBI TRUSTEE 1.00 X 0 0 0 JENNIFER JUST TRUSTEE 1.00 X 0 0 0 JOHN MACINTOSH TRUSTEE 1.00 X 0 0 0 JONATHAN LASH TRUSTEE 1.00 X 0 0 0 JOSHUA LAUGHLIN CHAIR 1.00 X X 0 0 0 KELLY REESE TRUSTEE 1.00 X 0 0 0 LAURA E BERNER TRUSTEE 1.00 X 0 0 0 MARNI ROSNER TRUSTEE 1.00 X 0 0 0 NATASHA BYUS VICE CHAIR 1.00 X X 0 0 0 REBECCA GEARY TRUSTEE 1.00 X 0 0 0 THOMAS STEELE-MALEY TRUSTEE 1.00 X 0 0 0 TONIA WHEELER TRUSTEE 1.00 X 0 0 0 YIRU STEVEN JIANG TRUSTEE 1.00 X 0 0 0 KATY WOLFE CLERK 40.00 X 61783 0 19046 STEPHANIE HARKINS TREASURER/CFOO 40.00 X 154903 0 7502 DANIEL FOLGAR DIRECTOR OF SUMMER PROGRAMS 40.00 X 101280 0 8119 KAYLA YANNATOS DIRECTOR OF DEVELOPMENT 40.00 X 129805 0 25402 KEVIN CHAMPNEY DIRECTOR OF TECHNOLOGY 40.00 X 123644 0 23630 988559 0 244573 5 0 1 0 REARCH COMPANY LLC 325 CORPORATE DR SUITE 203 PORTSMOUTH NH 03801 CONSTRUCTION CONTRACTOR 3250161 WALKER INDUSTRIES INC 239 OLD FERRY RD BRATTLEBORO VT 05301 ROOFERS 209984 VERACROSS LLC PO BOX 844683 BOSTON MA 02284 SOFTWARE COMPANY 114405 DERRIG EXCAVATING LLC 30 HOUGHTON BROOK RD PUTNEY VT 05346 EXCAVATORS/LAND WORK 108537 CBIZ 9 EXECUTIVE PARK DRIVE STE 100 MERRIMACK NH 03054 AUDITORS 104443 5 5577603 1011322 5577603 TUITION AND FEES 611110 15760101 15760101 SUMMER PROGRAMS 611110 892781 845376 47405 TUTORING 611110 209678 209678 LAND USE REVENUE 900099 87773 87773 16950333 1043336 1043336 7187668 4000000 5933145 0 1254523 4000000 5254523 5254523 56426 46071 10355 10355 MISCELLANEOUS REVENUE 900099 162907 162907 APPLICATION FEES 611110 9975 9975 COUNSELING SESSIONS 624110 8805 8805 1760 1760 183447 29019597 16932063 47405 6462526 3887333 3887333 881429 354321 440071 87037 6447387 5245722 816589 385076 350321 283019 36982 30320 1629636 1461996 116279 51361 513437 400353 80906 32178 49625 49625 130583 130583 174476 174476 547318 486722 58011 2585 351894 18865 333029 885749 808305 38878 38566 314994 176696 115366 22932 1395557 1332395 63162 274004 97289 159275 17440 324367 324367 1972680 1804254 168426 423307 13598 409709 FOOD 516607 516607 ATHLETICS 36878 36878 PROFESSIONAL DEVELOPMEN 28343 20510 7833 740742 155931 572137 12674 21876667 17100794 4095704 680169 2800222 5345289 20375 29769 2134851 1680542 177872 174411 139161 97222 59521755 28039299 32002050 31482456 34407683 36178956 6381356 7446191 545514 545514 78609084 82980350 1001878 327131 2901386 2400987 8255020 4717416 610939 585659 201016 295120 12970239 8326313 X 35317287 43838948 30321558 30815089 65638845 74654037 78609084 82980350 7142930 1872262 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 72.00 0 1 0 40534025 5871953 3946827 2006615 48346190 39922453 125866 3280431 2794725 40534025 37766858 683718 2641877 1170000 39922453 38144343 6267019 -3704596 2939908 37766858 32043820 8542754 -6204734 1121400 38144343 0.44287 0.42932 0.12781 0 0 93652 93652 53018750 24430859 28587891 5987724 3608440 2379284 421629 421629 31482456 GLENMEDE PRIVATE INVESTMENT FD XII-B LLC 634334 F GENERATION IM ASIA FUND 2328540 F GENERATION IM GLOBAL EQUITY FUND 4483317 F 7446191 OTHER LIABILITIES 193373 CLAIMS LIABILITIES 101747 295120 X 26095198 1872262 1872262 24222936 174476 4622185 4796661 29019597 17080006 0 17080006 174476 4622185 4796661 21876667 PART V, LINE 4: SEE DETAILED DESCRIPTION OF THE INTENDED USE OF ENDOWMENT FUNDS ON THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS. PART X, LINE 2: THE SCHOOL HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. THE SCHOOL IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE SCHOOL IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE SCHOOL ACCOUNTS FOR UNCERTAIN TAX PROVISIONS UNDER FASB ASC 740, INCOME TAXES, WHICH PROVIDES A FRAMEWORK FOR HOW ENTITIES SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS REVIEWED THE SCHOOL'S REPORTING AND BELIEVES THEY HAVE NOT TAKEN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE DETERMINED TO BE INCORRECT BY THE IRS AND, THEREFORE, NO ADJUSTMENTS OR DISCLOSURES ARE REQUIRED. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCED BY FINANCIAL AID 4,622,185. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCED BY FINANCIAL AID 4,622,185. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS STATED IN LITERATURE AND BROCHURES PROVIDED TO ALL CURRENT AND POTENTIAL STUDENTS. IT IS ALSO PUBLISHED IN LOCAL NEWSPAPERS AND ON THE SCHOOL'S WEBSITE. 1 FINANCIAL AID GIVEN BY THE ORGANIZATION TO STUDENTS ATTENDING THE SCHOOL. 105 3887333 PART I, LINE 2: THE SCHOOL PROVIDES SIGNIFICANT AMOUNTS OF TUITION DEUCTIONS AND DISCOUNTS TO ITS STUDENTS BY CREDITING IT DIRECTLY TO STUDENT ACCOUNTS. X 1 1 X 0 0 0 0 0 0 0 0 0 DANIEL O'BRIEN HEAD OF SCHOOL/TRUSTEE 318779 0 0 0 45 0 27561 0 13692 0 360077 0 0 0 STEPHANIE HARKINS TREASURER/CFOO 154858 0 0 0 45 0 7502 0 0 0 162405 0 0 0 KAYLA YANNATOS DIRECTOR OF DEVELOPMENT 129607 0 0 0 198 0 10744 0 14658 0 155207 0 0 0 PART I, LINE 1A CERTAIN FACULTY ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF THEIR EMPLOYMENT. THE FOLLOWING INDIVIDUALS LISTED ON PART VII OF THE FORM 990 ARE REQUIRED TO LIVE ON CAMPUS: DANIEL O'BRIEN, DANIEL FOLGAR, AND ABIGAIL VERNEY-FINK. A VERMONT EDUCATIONAL AND HEALTH BUILDINGS FINANCING AGENCY 237154467 2022-05-17 13000000 CONSTRUCTION - REVENUE BONDS (THE PUTNEY SCHOOL PROJECT) 2022 SERIES A 0 0 0 A 3537604 13000000 8282906 4717094 0 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 1 3000 FMV X 20 997641 FMV X WEAVING/SEWING SUPPLIES AND EQUIPMENT 18 4731 FMV X BALES OF HAY 2 3650 FMV X ACCESSORIES 2 1200 FMV X MISCELLANEOUS 4 1100 FMV 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING IN PART I, COLUMN (B) THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES MARY AND BRECK MONTAGUE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE HEAD OF SCHOOL AND THE CFO. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE MEMBERS OF THE BOARD OF TRUSTEES SIGN A QUESTIONNAIRE TO REPORT ANY CONFLICT OF INTEREST. THE HEAD OF SCHOOL REVIEWS THE FORMS TO DETERMINE IF ANY CONFLICT OR POTENTIAL CONFLICT EXISTS. IF ANY INDIVIDUAL HAS A CONFLICT, THEY WOULD RECUSE THEMSELVES FROM DISCUSSION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S SALARY IS DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND IS AVAILABLE FOR REVIEW BY ANY SCHOOL BOARD MEMBER. EXECUTIVE COMPENSATION FOR ALL EMPLOYEES, OTHER THEN THE HEAD OF SCHOOL, IS SET BY SCHOOL MANANGEMENT. MANAGEMENT INCREASES ARE TIED TO STAFF AND FACULTY INCREASES. THERE IS ALSO A SCALE ASSOCIATED WITH TIME SERVED FOR FACULTY. TO SET SALARIES, A COMPARISON IS DONE BETWEEN SIMILAR POSITIONS AT SCHOOLS IN THE INDEPENDENT SCHOOL ASSOCIATION OF NORTHERN NEW ENGLAND (ISANNE). OUR GOAL IS TO HAVE MANAGEMENT AT OR NEAR THE MEDIAN OF THEIR PEER GROUP. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR.