Landmark College Inc
- Assets
- $78.6m
- Revenue
- $43.6m
- Investments
- $0.0
- Employees
- 550
- Location
- Putney, VT
- Founding
- 03/1985
- Data as of
- 06/2023
- 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 06/2023, Landmark College Inc employed 550 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 06/2023, Landmark College Inc generated $43.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $40.9m during the year ending 06/2023. While expenses have increased by 2.6% 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
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.
OTHER PROGRAMS OFFERED DURING THE YEAR
PROVIDING EDUCATIONAL SERVICES TO GRADUATE STUDENTS, AND RESEARCH SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Peter Eden President | OfficerTrustee | 40 | $542,827 |
David Lavalley Treasurer | Officer | 40 | $150,000 |
Gail Gibson Sheffield Vice President | Officer | 40 | $144,657 |
Michael Luciani Vice President | Officer | 40 | $138,018 |
Mike Stefanowicz Vice President | Officer | 40 | $134,616 |
Mark Dipietro Vice President | Officer | 40 | $108,728 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwell's Food Service Provider | 6/29/20 | $1,879,331 |
Gpi Construction Construction | 6/29/20 | $405,789 |
Belfort Group Marketing Consultant And Advertising | 6/29/20 | $871,810 |
Alliance Mechanical Hvac Mechanical | 6/29/20 | $210,276 |
Ellucian It Services | 6/29/20 | $120,809 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $672,776 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,107,256 |
| Noncash contributions included in lines 1a–1f | $414,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,780,032 |
| Total Program Service Revenue | $37,445,223 |
| Investment income | $2,151,960 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,067 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $206,707 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,593,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,221,110 |
| Grants and other assistance to Foreign Orgs/Individuals | $78,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,652,047 |
| Compensation of current officers, directors, key employees. | $1,026,651 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,449,641 |
| Pension plan accruals and contributions | $717,571 |
| Other employee benefits | $3,435,879 |
| Payroll taxes | $972,988 |
| Fees for services: Management | $864,391 |
| Fees for services: Legal | -$13,355 |
| Fees for services: Accounting | $106,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,868,484 |
| Office expenses | $353,281 |
| Information technology | $505,763 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $406,485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,023 |
| Interest | $470,755 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,980,157 |
| Insurance | $328,347 |
| All other expenses | $663,358 |
| Total functional expenses | $40,887,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,224,304 |
| Savings and temporary cash investments | $1,415,404 |
| Pledges and grants receivable | $1,771,337 |
| Accounts receivable, net | $276,387 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $297,138 |
| Prepaid expenses and deferred charges | $406,975 |
| Net Land, buildings, and equipment | $42,397,470 |
| Investments—publicly traded securities | $29,840,701 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,629,716 |
| Accounts payable and accrued expenses | $2,495,862 |
| Grants payable | $0 |
| Deferred revenue | $2,968,897 |
| Tax-exempt bond liabilities | $18,187,564 |
| 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 | $23,652,323 |
| Net assets without donor restrictions | $45,110,624 |
| Net assets with donor restrictions | $9,866,769 |
| 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 | $78,629,716 |