The Sharon Academy Inc
Nonprofit profile at a glance
- EIN
- 030350587
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Sharon, VT, USA
- Phone
- 8027632500
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $4,383,783
- Expenses
- $3,505,434
- Assets
- $7,607,179
- Liabilities
- $2,275,790
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- TANYA SWETT (PRESIDENT)
Highest reported compensation
- MARY NEWMAN (HEAD OF SCHO): $138,728 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The sharon academy is an independent middle and high school where students are known, valued, and challenged. 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 difference they can make in the world.
What it reported doing in 2024
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
Operating model
- Revenue model
- Earned-program. 70% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 66
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60%; rating input score 60
- Program expense ratio: 75.3%; rating input score 75
- Fundraising efficiency: $12.83 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 20%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 2.17; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 4%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 3.5% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 4.3% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 60% of revenue deployed · 75.3% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.6M in reported program spending
- Leadership: top reported pay $139K · 15 people listed
- Highest-paid contractors: 1 contractor listed · $515K reported
- Consistency: 35 of 35 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.