Landmark College Inc
- Assets
- $77.1m
- Revenue
- $39.0m
- Investments
- $0.0
- Employees
- 448
- Location
- Putney, VT
- Founding
- 03/1985
- Data as of
- 06/2021
- EIN
- 22-2586208
Organization Overview
Landmark College Inc is located in Putney, VT. The organization was established in 1985. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Landmark College Inc employed 448 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Landmark College 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 06/2021, Landmark College Inc generated $39.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $31.9m during the year ending 06/2021. 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
PRIVATE POST SECONDARY INSTITUTION FOR HIGH POTENTIAL STUDENTS WITH LEARNING DIFFERENCES SUCH AS DYSLEXIA, ATTENTION DEFICIT DISORDER, OR AUTISM SPECTRUM DISORDERS PROVIDING EDUCATIONAL SERVICES LEADING TO AN ASSOCIATE'S AND/OR BACHELOR'S DEGREE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HIGHER EDUCATION TO STUDENTS UNDER A DEGREE PROGRAM DURING THE FALL AND SPRING SEMESTERS.
PROVIDING EDUCATIONAL SERVICES TO GRADUATE STUDENTS, AND RESEARCH SERVICES.
OTHER PROGRAMS OFFERED DURING THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Peter Eden President | OfficerTrustee | 40 | $458,693 |
Jon A Macclaren Treasurer | Officer | 40 | $188,030 |
Kevin Mayne Vice President | Officer | 40 | $146,726 |
Manju Banerjee Vice President | Officer | 40 | $130,537 |
Gail Sheffield Vice President | Officer | 40 | $125,874 |
Ellen Smith Vice President | Officer | 40 | $122,226 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwell's Food Service Provider | 6/29/20 | $1,879,331 |
Belfort Group Marketing Consultant And Advertising | 6/29/20 | $871,810 |
Gpi Construction Construction | 6/29/20 | $405,789 |
Ellucian It Services | 6/29/20 | $120,809 |
Alliance Mechanical Hvac Mechanical | 6/29/20 | $210,276 |
Chartwell's Food Service Provider | 6/29/20 | $1,879,331 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,772,680 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,403,534 |
| Noncash contributions included in lines 1a–1f | $458,494 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,176,214 |
| Total Program Service Revenue | $26,764,144 |
| Investment income | $1,983,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,809 |
| Net Gain/Loss on Asset Sales | -$112,912 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $116,235 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,969,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,665,938 |
| Grants and other assistance to Foreign Orgs/Individuals | $43,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,427,874 |
| Compensation of current officers, directors, key employees. | $1,007,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,719,318 |
| Pension plan accruals and contributions | $345,629 |
| Other employee benefits | $2,583,475 |
| Payroll taxes | $835,873 |
| Fees for services: Management | $675,722 |
| Fees for services: Legal | $65,817 |
| Fees for services: Accounting | $41,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,210,310 |
| Office expenses | $457,268 |
| Information technology | $354,422 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $48,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,917 |
| Interest | $363,337 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,911,570 |
| Insurance | $291,435 |
| All other expenses | $384,123 |
| Total functional expenses | $31,897,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $755,455 |
| Savings and temporary cash investments | $1,568,520 |
| Pledges and grants receivable | $3,153,547 |
| Accounts receivable, net | $107,756 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $222,921 |
| Prepaid expenses and deferred charges | $530,655 |
| Net Land, buildings, and equipment | $42,283,927 |
| Investments—publicly traded securities | $28,467,684 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,090,465 |
| Accounts payable and accrued expenses | $1,117,201 |
| Grants payable | $0 |
| Deferred revenue | $1,532,141 |
| Tax-exempt bond liabilities | $19,543,749 |
| 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 | $0 |
| Total liabilities | $22,193,091 |
| Net assets without donor restrictions | $46,385,521 |
| Net assets with donor restrictions | $8,511,853 |
| 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 | $77,090,465 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Landmark College Inc has recieved totaling $472,294.
| Awarding Organization | Amount |
|---|---|
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL PURPOSE: EDUCATIONAL GRANT | $200,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $61,400 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $30,000 |
Center For Health And Learning Ltd Shelburne, VT PURPOSE: Substance prevention college | $29,500 |
Elephant Rock Foundation Inc providence, RI PURPOSE: TO FURTHER ORGANIZATION'S MISSION | $25,000 |
The Foundation For Delaware County Media, PA PURPOSE: DONOR ADVISED FUND CONTRIBUTION TO THE JENNY ANN SCHOLARSHIP FUND | $25,000 |
Endowment Analysis
| Beg. Balance | $22,184,354 |
| Earnings | $5,320,613 |
| Net Contributions | $13,048 |
| Other Expense | $1,000,000 |
| Grants | $224,550 |
| Ending Balance | $26,293,465 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dean College Franklin, MA | $117,492,231 | $77,417,313 |
Becker College Worcester, MA | $39,650,846 | $64,626,574 |
Landmark College Inc Putney, VT | $77,090,465 | $38,969,151 |
Hilbert College Hamburg, NY | $32,366,281 | $25,027,344 |
Trocaire College Buffalo, NY | $48,308,094 | $27,715,968 |
Laboure College Milton, MA | $45,194,532 | $27,640,427 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |
Villa Maria College Of Buffalo Buffalo, NY | $9,472,664 | $15,072,401 |
Monroe Community College Assn Inc Rochester, NY | $45,662,437 | $9,260,852 |
Faculty Student Association Of Hudson Valley-Community College Troy, NY | $21,516,761 | $4,749,556 |
Dutchess Community College Association Inc Poughkeepsie, NY | $29,032,305 | $3,364,848 |
Faculty Student Association Of Nassau Community College Inc Garden City, NY | $3,142,669 | $4,037,426 |