Long Trail School Inc
- Assets
- $17.8m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 93
- Location
- Dorset, VT
- Founding
- 06/1975
- Data as of
- 06/2023
- EIN
- 03-0253366
Organization Overview
Long Trail School Inc is located in Dorset, VT. The organization was established in 1975. 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, Long Trail School Inc employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Trail School Inc 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, Long Trail School Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $6.2m during the year ending 06/2023. While expenses have increased by 3.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN INTELLECTUALLY ENRICHING COLLEGE-PREPARATORY CURRICULUM IN A SUPPORTIVE, CARING ENVIRONMENT TO FOSTER IN EACH STUDENT A LIFELONG COMMITMENT TO EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL OPERATES AS A SECONDARY-LEVEL SCHOOL FOR GRADES 6 TO 12. DURING THE FISCAL YEAR 2023, THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 238 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Thebault Chair | OfficerTrustee | 5 | $0 |
Tom Whalen Treasurer | OfficerTrustee | 5 | $0 |
Julie Foster Board Member | Trustee | 5 | $0 |
Jeff Yates Board Member | Trustee | 5 | $0 |
Katherine Rockwell Maclauchlan Board Member | Trustee | 5 | $0 |
Parker Rice Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $147,688 |
| All other contributions, gifts, grants, and similar amounts not included above | $495,756 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $643,444 |
| Total Program Service Revenue | $5,489,085 |
| Investment income | $180,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,699 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,350,312 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $701,775 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $341,610 |
| Compensation of current officers, directors, key employees. | $264,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,977,573 |
| Pension plan accruals and contributions | $72,618 |
| Other employee benefits | $228,932 |
| Payroll taxes | $251,548 |
| Fees for services: Management | $8,656 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,176 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,650 |
| Advertising and promotion | $13,941 |
| Office expenses | $13,313 |
| Information technology | $112,219 |
| Royalties | $0 |
| Occupancy | $113,021 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,217 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $273,941 |
| Insurance | $91,290 |
| All other expenses | $166,927 |
| Total functional expenses | $6,170,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,053,058 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,310 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,755,505 |
| Investments—publicly traded securities | $6,764,524 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $158,492 |
| Total assets | $17,783,889 |
| Accounts payable and accrued expenses | $285,630 |
| Grants payable | $0 |
| Deferred revenue | $161,288 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $60,863 |
| Total liabilities | $507,781 |
| Net assets without donor restrictions | $11,375,093 |
| Net assets with donor restrictions | $5,901,015 |
| 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 | $17,783,889 |