Burr & Burton Academy
- Assets
- $71.1m
- Revenue
- $25.5m
- Investments
- $0.0
- Employees
- 313
- Location
- Manchester, VT
- Founding
- 05/1974
- Data as of
- 06/2022
- EIN
- 03-0179404
Organization Overview
Burr & Burton Academy, operating under the name Burr And Burton Academy, is located in Manchester, VT. The organization was established in 1974. 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, Burr And Burton Academy employed 313 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burr And Burton 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 06/2022, Burr And Burton Academy generated $25.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $21.9m during the year ending 06/2022. While expenses have increased by 3.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ACCREDITED INDEPENDENT HIGH SCHOOL - PROVIDING EDUCATION FOR GRADES 9-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
BURR AND BURTON ACADEMY (BBA) IS AN INDEPENDENT SCHOOL THAT SERVES THE GENERAL PUBLIC. FOUNDED IN 1829, BBA SERVES 13 TOWNS IN SOUTHERN VERMONT AND IS COMMITTED TO PROVIDING AN OUTSTANDING EDUCATIONAL OPPORTUNITY TO EVERY STUDENT. BBA SERVES APPROXIMATELY 733 DOMESTIC AND 26 INTERNATIONAL STUDENTS FROM VARIOUS COUNTRIES. FAMILIES IN SENDING TOWNS PAY NO TUITION; TUITION IS PAID BY EACH SENDING TOWN. THE STUDENT BODY IS DIVERSE SOCIOECONOMICALLY, WITH ROUGHLY 20% QUALIFYING FOR FREE AND REDUCED MEALS. BBA HAS A VIRTUALLY 100% GRADUATION RATE & 80%-90% COLLEGE MATRICULATION RATE. BBA BRINGS THE BEST OF INDEPENDENT SCHOOL PHILOSOPHY AND EXPECTATIONS COUPLED WITH THE DEMOCRATIC IDEAL OF EDUCATION FOR ALL.
FOOD SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Tashjian Headmaster | Officer | 60 | $245,257 |
Margaret Kenny Associate Head Of School | 60 | $161,471 | |
Dennis Filippi Director Of Finance | Officer | 45 | $117,907 |
Michael Caraco Dean Of Faculty | 40 | $112,573 | |
David Miceli Director Of Athletics | 40 | $107,578 | |
Kate Leach Director Of Advancement | 50 | $104,062 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gsk Climate Control Inc Construction Services | 6/29/22 | $175,858 |
Vodavi Technologies Llc Consulting Services | 6/29/22 | $206,357 |
Dew Construction Construction Services | 6/29/22 | $10,396,930 |
Pro Av Systems Technology Services | 6/29/22 | $103,373 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $372,355 |
| Related organizations | $0 |
| Government grants | $3,703,137 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,650,679 |
| Noncash contributions included in lines 1a–1f | $73,220 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,726,171 |
| Total Program Service Revenue | $18,023,387 |
| Investment income | $932,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $813,712 |
| Net Income from Fundraising Events | -$47,324 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,538,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $413,868 |
| Grants and other assistance to Foreign Orgs/Individuals | $399,703 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $492,201 |
| Compensation of current officers, directors, key employees. | $170,011 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,065,063 |
| Pension plan accruals and contributions | $430,538 |
| Other employee benefits | $2,813,272 |
| Payroll taxes | $754,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,956 |
| Fees for services: Accounting | $39,600 |
| Fees for services: Lobbying | $66,030 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $142,970 |
| Fees for services: Other | $1,801,776 |
| Advertising and promotion | $10,422 |
| Office expenses | $133,972 |
| Information technology | $130,866 |
| Royalties | $0 |
| Occupancy | $622,534 |
| Travel | $230,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,553 |
| Interest | $17,808 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,866,908 |
| Insurance | $248,024 |
| All other expenses | $81,782 |
| Total functional expenses | $21,909,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,323 |
| Savings and temporary cash investments | $269,119 |
| Pledges and grants receivable | $99,599 |
| Accounts receivable, net | $198,751 |
| 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 | $64,629 |
| Net Land, buildings, and equipment | $34,404,779 |
| Investments—publicly traded securities | $32,790,414 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,657 |
| Other assets | $3,281,651 |
| Total assets | $71,139,922 |
| Accounts payable and accrued expenses | $3,167,775 |
| Grants payable | $0 |
| Deferred revenue | $759,585 |
| Tax-exempt bond liabilities | $377,011 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $262,838 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,345,903 |
| Total liabilities | $5,913,112 |
| Net assets without donor restrictions | $42,709,257 |
| Net assets with donor restrictions | $22,517,553 |
| 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 | $71,139,922 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Burr & Burton Academy has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: EDUCATIONAL | $1,000 |
Endowment Analysis
| Beg. Balance | $27,629,986 |
| Earnings | -$3,386,336 |
| Net Contributions | $278,131 |
| Other Expense | $907,887 |
| Ending Balance | $23,613,894 |
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 |