Sharon Academy
- Assets
- $4.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 64
- Location
- Sharon, VT
- Founding
- 06/1996
- Data as of
- 06/2021
- EIN
- 03-0350587
Organization Overview
Sharon Academy is located in Sharon, VT. The organization was established in 1996. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Sharon Academy employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharon 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 06/2021, Sharon Academy generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. While expenses have increased by 0.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION GRADES 7-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHARON ACADEMY (TSA) CAN BEST BE DESCRIBED AS A TOWN ACADEMY IN RURAL SHARON, VT, THAT OFFERS THE MANY ADVANTAGES OF A SMALL SCHOOL ENVIRONMENT. FOUNDED IN 1996, TSA IS AN INDEPENDENT MIDDLE SCHOOL AND HIGH SCHOOL WITH A TOTAL DAY STUDENT POPULATION OF APPROXIMATELY 160. STUDENTS COME FROM 20 SURROUNDING TOWNS AND 85% OF OUR STUDENT BODY IS PUBLICLY FUNDED. WE EMPHASIZE ACADEMIC RIGOR, PERSONAL RESPONSIBILITY, INDEPENDENT LEARNING, ACCESS TO AUTHENTIC LEADERSHIP OPPORTUNITIES, TEAMWORK, AND COMMUNICATION SKILLS ACROSS THE CURRICULUM. OUR HYBRID OF PUBLIC AND PRIVATE EDUCATION SETS HIGH ACADEMIC STANDARDS. THE GOAL AT TSA IS TO HELP STUDENTS DEEPEN THEIR INTELLECTUAL, ETHICAL, EMOTIONAL, ARTISTIC, AND PHYSICAL SELVES. HERE WE VALUE ALL STUDENTS AS THEY DEFINE THEMSELVES AND WILL CHALLENGE EACH STUDENT TO MEET THEIR POTENTIAL THROUGH THE DISCOVERY OF NEW IDEAS, SKILLS, AND POINTS OF VIEW. STUDENTS ARE EXPLICITLY TAUGHT TO FIND THEIR VOICE AND TO ADVOCATE FOR THEMSELVES. THE MISSION OF THE SHARON ACADEMY IS TO NURTURE INTELLIGENT, INDEPENDENT, AND CREATIVE THINKING IN A SMALL SCHOOL COMMUNITY, AWAKENING STUDENTS TO THEIR IMMENSE POTENTIAL AND THE DIFFERENCE THEY CAN MAKE IN THE WORLD. FOR MORE INFORMATION VISIT: SHARONACADEMY.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Newman Head Of School | Officer | 60 | $80,810 |
Michael Livingston Head Of School | Officer | 60 | $62,372 |
John Roe President | OfficerTrustee | 5 | $0 |
Stephen Farrington Treasurer/trustee | OfficerTrustee | 1 | $0 |
Philip Lapp Treasurer/trustee | OfficerTrustee | 1 | $0 |
Wendy Palthey Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,034,827 |
| Investment income | $409,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,446 |
| Net Income from Fundraising Events | -$1,748 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,053,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $48,699 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $121,305 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,655,496 |
| Pension plan accruals and contributions | $33,528 |
| Other employee benefits | $266,995 |
| Payroll taxes | $130,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,572 |
| Fees for services: Accounting | $26,574 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,605 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,639 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,962 |
| Travel | $37 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,551 |
| Interest | $18,174 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,711 |
| Insurance | $32,968 |
| All other expenses | $0 |
| Total functional expenses | $2,902,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,177,359 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $89,170 |
| Accounts receivable, net | $48,228 |
| 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 |
| Investments—publicly traded securities | $1,284,867 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,760,404 |
| Accounts payable and accrued expenses | $227,817 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $356,036 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $583,853 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,176,551 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Sharon Academy has recieved totaling $166,126.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $70,000 |
Emily Landecker Foundation Hanover, NH PURPOSE: TAX EXEMPT PURPOSE | $20,000 |
Green Mountain Foundation Inc Yorktown Heights, NY PURPOSE: MIDDLE AND HIGH SCHOOL ACADEMIC PROGRAMMIMG | $20,000 |
Kettering Family Foundation Dayton, OH PURPOSE: ANNUAL GENERAL OPERATING SUPPORT | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,200 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,000 |
Endowment Analysis
| Beg. Balance | $312,226 |
| Earnings | $86,874 |
| Ending Balance | $399,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Harvey School Katonah, NY | $30,358,551 | $19,988,341 |
The Harley School Rochester, NY | $36,830,266 | $16,619,746 |
Quad Preparatory School New York, NY | $14,717,917 | $18,563,667 |
Amber Charter School New York, NY | $18,229,334 | $20,911,182 |
Green Vale School Old Brookville, NY | $64,002,052 | $17,567,329 |
Winchendon School Inc Winchendon, MA | $68,621,046 | $15,557,946 |
Henry Viscardi School Albertson, NY | $13,102,944 | $16,840,758 |