Lyndon Institute
- Assets
- $25.2m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 183
- Location
- Lyndon Center, VT
- Founding
- 04/1937
- Data as of
- 06/2022
- EIN
- 03-0182055
Organization Overview
Lyndon Institute is located in Lyndon Center, 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 06/2022, Lyndon Institute employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyndon Institute 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 06/2022, Lyndon Institute generated $13.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $11.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LYNDON INSTITUTE INSPIRES OUR STUDENTS TO BECOME ACCOMPLISHED LEADERS, CREATIVE THINKERS, AND COMPASSIONATE COMMUNITY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LYNDON INSTITUTE IS AN INDEPENDENT DAY AND BOARDING HIGH SCHOOL FOR GRADES 9 - 12, OFFERING A 150-COURSE CURRICULUM SPECIALIZING IN CORE AND HONORS ACADEMICS, FINE AND PERFORMING ARTS AND TECHNICAL AND CAREER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Twiladawn Perry Head Of School | Officer | 50 | $183,769 |
Meagan Howard Chief Financial Officer | Officer | 50 | $121,300 |
Lawrence Cipollone President Thru Sept 2021 | OfficerTrustee | 4 | $0 |
Bretton J Gale Treasurer | OfficerTrustee | 4 | $0 |
Betsy J Bailey Vice President As Of Sept 2021 | OfficerTrustee | 4 | $0 |
Stephen Maleski Secretary | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ssc Service Solutions Facility Maintenance Services | 6/29/22 | $416,607 |
Aladdin Food Management Services Food Services | 6/29/22 | $188,562 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,361 |
| Related organizations | $0 |
| Government grants | $1,074,158 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,182,794 |
| Noncash contributions included in lines 1a–1f | $33,962 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,258,313 |
| Total Program Service Revenue | $10,187,577 |
| Investment income | $259,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $157,437 |
| Net Gain/Loss on Asset Sales | $369,630 |
| Net Income from Fundraising Events | $4,319 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,237,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $183,929 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $357,387 |
| Compensation of current officers, directors, key employees. | $357,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,467,576 |
| Pension plan accruals and contributions | $809,458 |
| Other employee benefits | $530,433 |
| Payroll taxes | $402,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,466 |
| Fees for services: Accounting | $36,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,003 |
| Fees for services: Other | $501,427 |
| Advertising and promotion | $68,466 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $830,434 |
| Travel | $46,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $290,601 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $748,611 |
| Insurance | $138,140 |
| All other expenses | $227,432 |
| Total functional expenses | $11,524,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,348,384 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $160,545 |
| Accounts receivable, net | $390,033 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,701 |
| Prepaid expenses and deferred charges | $92,430 |
| Net Land, buildings, and equipment | $10,366,863 |
| Investments—publicly traded securities | $10,960,796 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,824,010 |
| Total assets | $25,181,762 |
| Accounts payable and accrued expenses | $832,242 |
| Grants payable | $0 |
| Deferred revenue | $317,923 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,883,777 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $103,361 |
| Total liabilities | $8,137,303 |
| Net assets without donor restrictions | $9,606,245 |
| Net assets with donor restrictions | $7,438,214 |
| 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 | $25,181,762 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lyndon Institute has recieved totaling $23,000.
| Awarding Organization | Amount |
|---|---|
Eola Johnson Weeks & Clarence B Weeks Charitable Trust Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $23,000 |
Endowment Analysis
| Beg. Balance | $12,934,019 |
| Earnings | -$1,134,677 |
| Net Contributions | $1,395,482 |
| Other Expense | -$410,018 |
| Ending Balance | $12,784,806 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |
Tabor Academy Marion, MA | $131,644,395 | $42,865,044 |
Berkshire School Inc Sheffield, MA | $360,181,943 | $53,167,690 |
St Marks School Of Southborough Inc Southborough, MA | $256,704,983 | $26,796,658 |
Beaver Country Day School Inc Chestnut Hill, MA | $85,211,798 | $37,690,859 |
Williston Northampton School Easthampton, MA | $100,619,158 | $41,610,730 |
Rivers School Corporation Weston, MA | $120,748,390 | $42,089,621 |
Concord Academy Concord, MA | $166,818,681 | $40,612,899 |
Brooks School North Andover, MA | $203,514,753 | $35,395,118 |
Dana Hall Schools Wellesley, MA | $147,617,920 | $46,296,762 |
Governor Dummer Academy Byfield, MA | $151,667,410 | $30,492,232 |