St Johnsbury Academy
- Assets
- $73.8m
- Revenue
- $35.0m
- Investments
- $2.8m
- Employees
- 442
- Location
- St Johnsbury, VT
- Founding
- 05/1937
- Data as of
- 06/2023
- EIN
- 03-0181215
Organization Overview
St Johnsbury Academy is located in St Johnsbury, VT. The organization was established in 1937. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, St Johnsbury Academy employed 442 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Johnsbury Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, St Johnsbury Academy generated $35.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $34.8m during the year ending 06/2023. While expenses have increased by 1.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1842, ST. JOHNSBURY ACADEMY IS A COMPREHENSIVE INDEPENDENT PRIVATE HIGH SCHOOL WIDELY RECOGNIZED AS AN INSTITUTION THAT FOSTERS CHARACTER, ACADEMIC EXCELLENCE, AND CIVIC RESPONSIBILITY IN ITS STUDENTS.
Describe the Organization's Program Activity:
ST. JOHNSBURY ACADEMY OFFERS A COMPREHENSIVE HIGH SCHOOL PROGRAM SERVING STUDENTS IN GRADES 9-12 AND A POSTGRADUATE YEAR. ST. JOHNSBURY ACADEMY OFFERS A RIGOROUS, WIDE-RANGING, STANDARDS-BASED CURRICULUM DESIGNED TO MEET THE NEEDS AND INTERESTS OF A WIDE RANGE OF ABILITIES, CAREER GOALS, AND INTERESTS. ST. JOHNSBURY ACADEMY SERVED 950 STUDENTS (INCLUDING BOARDERS) IN THE DAY SCHOOL PROGRAM WHICH INCLUDES STANDARD HIGH SCHOOL CURRICULUM, SPECIAL EDUCATION, FINE ARTS, TECHNICAL EDUCATION AND ATHLETIC PROGRAMS. THE SCHOOL DAY CONSISTS OF A FIVE BLOCK DAILY SCHEDULE WITH 70 MINUTE COURSES. SCHOLARSHIPS ARE PROVIDED TO STUDENTS FROM AROUND THE WORLD INCLUDING THROUGHOUT THE UNITED STATES AND NORTH AMERICA, CENTRAL AMERICA AND THE CARIBBEAN, RUSSIA AND THE NEWLY INDEPENDENT STATES, EAST ASIA, EUROPE, AND SOUTH AMERICA. ST. JOHNSBURY ACADEMY OFFERS A BOARDING PROGRAM ON OUR CAMPUS TO 190 STUDENTS FROM ACROSS THE COUNTRY AND THE WORLD, CREATING A GLOBAL COMMUNITY. THE ACADEMY HAS TEN DORMITORIES ON THE CAMPUS, SIX FOR BOYS AND FOUR FOR GIRLS. DIFFERENT IN SIZE AND PERSONALITY, EACH DORM HOUSES FACULTY ADVISORS, THEIR FAMILIES, AND STUDENTS. THE ACADEMY HAS A COMPREHENSIVE RESIDENT LIFE CURRICULUM THAT COMPLEMENTS OUR DAY SCHOOL PROGRAMS. STUDENTS ARE ABLE TO TAKE ADVANTAGE OF WEEKEND CAMPUS ACTIVITIES AS WELL AS TRAVEL OPPORTUNITIES THROUGHOUT THE SEMESTER. OUR BOARDING PROGRAM ALSO INCLUDES AN ENGLISH AS A SECOND LANGUAGE PROGRAM FOR STUDENTS WHO REQUIRE ADDITIONAL INSTRUCTION AS WELL AS LEARNING SUPPORT PROGRAMS FOR RESIDENT STUDENTS. EXPENSES PRESENTED ON THIS SCHEDULE DO NOT REFLECT AN INCLUSION OF GENERAL AND ADMINISTRATIVE EXPENSES THAT ARE NECESSARY FOR THE SCHOOL'S DAY TO DAY OPERATIONS.
ST. JOHNSBURY ACADEMY OFFERS A SUMMER ADVANCED PLACEMENT INSTITUTE FOR SECONDARY TEACHERS. THE COURSE COVERS THE AP EXAM INCLUDING TEST DEVELOPMENT READING, NEW DIRECTIONS WITHIN THE AP CURRICULUM, DEVELOPING SUCCESSFUL AP ASSIGNMENTS AND COLLABORATIVE TEACHING APPROACHES AS WELL AS WORKSHOPS FOR EXPERIENCED AP TEACHERS. ST. JOHNSBURY ACADEMY SERVED OVER 400 TEACHERS DURING THE PAST YEAR. EXPENSES PRESENTED ON THIS SCHEDULE DO NOT REFLECT AN INCLUSION OF GENERAL AND ADMINISTRATIVE EXPENSES THAT ARE NECESSARY FOR THE SCHOOL'S DAY TO DAY OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Judd-Stein President | OfficerTrustee | 5 | $0 |
Robert M Fairbanks ESQ Vice President | OfficerTrustee | 2 | $0 |
Peter Crosby Treasurer | OfficerTrustee | 2 | $0 |
Peter Hammer Secretary | OfficerTrustee | 2 | $0 |
Noble Allen Trustee | Trustee | 1 | $0 |
Bruce E Buxton Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Management Services Llc Food Service | 6/29/23 | $1,071,612 |
Stewart Construction Construction Materials & Labor | 6/29/23 | $500,607 |
Opal Global Llc Architectural Services | 6/29/23 | $314,296 |
Breadloaf Corporation Construction Materials & Labor | 6/29/23 | $133,809 |
Vermont Mechanical Inc Boiler Installation | 6/29/23 | $130,208 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,977,508 |
| Noncash contributions included in lines 1a–1f | $63,809 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,977,508 |
| Total Program Service Revenue | $30,655,485 |
| Investment income | $1,458,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $333,333 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $616,054 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,040,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,053,327 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $644,230 |
| Compensation of current officers, directors, key employees. | $548,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,474,411 |
| Pension plan accruals and contributions | $649,121 |
| Other employee benefits | $3,407,578 |
| Payroll taxes | $1,086,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,158 |
| Fees for services: Accounting | $102,764 |
| Fees for services: Lobbying | $80,648 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $99,474 |
| Fees for services: Other | $1,076,860 |
| Advertising and promotion | $130,996 |
| Office expenses | $306,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,726,592 |
| Travel | $405,570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $223,319 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,101,356 |
| Insurance | $374,205 |
| All other expenses | $0 |
| Total functional expenses | $34,824,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,300 |
| Savings and temporary cash investments | $3,977,256 |
| Pledges and grants receivable | $88,632 |
| Accounts receivable, net | $1,497,383 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,019,629 |
| Inventories for sale or use | $58,977 |
| Prepaid expenses and deferred charges | $581,204 |
| Net Land, buildings, and equipment | $34,202,982 |
| Investments—publicly traded securities | $28,840,974 |
| Investments—other securities | $2,821,061 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $386,662 |
| Total assets | $73,844,060 |
| Accounts payable and accrued expenses | $1,010,304 |
| Grants payable | $0 |
| Deferred revenue | $2,754,609 |
| Tax-exempt bond liabilities | $7,806,704 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,121,515 |
| Total liabilities | $13,693,132 |
| Net assets without donor restrictions | $45,782,948 |
| Net assets with donor restrictions | $14,367,980 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $73,844,060 |