2022-04-18T10:57:26-05:00 2021-05-31 SMITH & HOWARD PC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2020-06-01 580616994 RIVERSIDE MILITARY ACADEMY INC % LAURA MAXWELL RIVE 7705326251 2001 RIVERSIDE DRIVE GAINESVILLE GA 30501 STANLEY C PRECZEWSKI PRESIDENT 7705382189 2022-04-15 true STANLEY C PRECZEWSKI 999009999 SABRE J LINAHAN P01372980 4048746244 2022-04-15 2020 2022-09-23 18:48:47Z STANLEY C PRECZEWSKI 2001 RIVERSIDE DRIVE GAINESVILLE GA 30501 39465612 false X WWW.RIVERSIDEMILITARY.COM X 1907 GA TO PREPARE ETHICAL YOUNG MEN OF CHARACTER FOR SUCCESS THROUGH ACADEMICS, LEADERSHIP, ATHLETICS, CO-CURRICULARS, AND THE STRUCTURE & DISCIPLINE OF A MILITARY COLLEGE PREP ENVIRONMENT. 24 23 186 20 0 0 918258 5539304 17380314 14727176 1355560 1418590 1087734 388877 20741866 22073947 4036003 3712633 0 0 10123815 8175064 0 0 418369 11967170 9857163 26126988 21744860 -5385122 329087 82374330 83260866 56902120 54373051 25472210 28887815 X TO PREPARE ETHICAL YOUNG MEN OF CHARACTER FOR SUCCESS IN COLLEGE AND IN LIFE THROUGH THE PROVISION OF A RIGOROUS ACADEMIC PROGRAM, LEADERSHIP OPPORTUNITIES, COMPETITIVE ATHLETICS, EXTENSIVE CO-CURRICULARS, AND THE STRUCTURE AND DISCIPLINE INHERENT IN A MILITARY COLLEGE PREPARATORY SCHOOL ENVIRONMENT. false false 8283417 3712633 14838782 INSTRUCTIONAL: RIVERSIDE MILITARY ACADEMY (RMA) IS AN ALL-BOYS COLLEGE PREPARATORY BOARDING SCHOOL SERVING STUDENTS IN GRADES 6-12. THERE ARE APPROX. 300 CADETS FROM 29 STATES AND 23 COUNTRIES. THE AVERAGE CLASS IS 12 STUDENTS, LEAD BY OUR 35 FACULTY MEMBERS, 80% OF WHICH HOLD ADVANCED DEGREES. THIS INDIVIDUALIZED ATTENTION AND HIGHLY STRUCTURED ENVIRONMENT PREPARES THE CADETS FOR COLLEGE AND SUCCESS IN MANY OCCUPATIONAL FIELDS. 2265723 ATHLETICS: RMA COMPETES IN FOUR JUNIOR VARSITY & SEVEN 7TH & 8TH GRADE SPORTS. THE ACADEMY ALSO COMPETED WITH 11 OTHER SCHOOLS IN THE REGION 8-1A OF THE GEORGIA HIGH SCHOOL ASSOCIATION (GHSA) IN 12 VARSITY LEVEL SPORTS. THE 2017 FOOTBALL REPEATED AS THE MILITARY BOWL CHAMPIONS DEFEATING THE GEORGIA MILITARY PREP COLLEGE. THE SWIMMING TEAM REPEATED FOR THE FIFTH CONSECUTIVE TIME AS THE HALL COUNTY CHAMPIONS. THE SOCCER TEAM WAS THE 2019 GHSA REGION 8-1A CHAMPION, ALONG WITH THE 2019 TRACK TEAM WINNING THE 8-1A REGION. THE 2019 RIVERSIDE RAIDERS WON THE NATIONAL CHAMPIONSHIPS FOR THE FIFTH CONSECUTIVE YEAR. 7197473 277271 STUDENT SERVICES: THE VAST MAJORITY OF THE CADETS LIVE ON THE 206-ACRE CAMPUS. THE CAMPUS FACILITIES INCLUDE DORMITORIES, CLASSROOMS, A VISUAL & PERFORMING ARTS CENTER, LIBRARY, GYMNASIUM, AN EXTENSIVE BOOK STORE, SWIMMING POOL, TENNIS COURTS, & LIGHTED ATHLETIC FIELDS. THE SCHOOL OFFERS OVER 30 DIFFERENT CLUBS & ACTIVITIES FOR CADETS TO PARTICIPATE. THE SCHOOL CAFETERIA PROVIDES THREE MEALS A DAY MONDAY THROUGH FRIDAY, AND TWO MEALS ON SATURDAY AND SUNDAY. THEY SERVE ALL OF THE CADETS & APPROXIMATELY 50 MEMBERS OF THE FACULTY & STAFF. 17746613 true true false false false false false false false true true false false false true true false true true false false false true false false false false false true true true false false false false false false false false false true true false false false false true false false false true 15 0 186 true false false false false false true true false false false false false false X 24 23 false false false false false false false true true false false true true true true true false true true false GA X LAURA MAXWELL 7705382189 2001 RIVERSIDE DRIVE GAINESVILLE GA 30501 X STANLEY PRECZEWSKI PRESIDENT 53.0 0.0 X 305883 0 18190 LAURA MAXWELL CHIEF FINANCIAL OFFICER 53.0 0.0 X 185467 0 37578 ELLEN DEFOOR VP OF ADVANCEMENT 53.0 1.0 X 148353 0 17466 ROBERT DANIEL EXECUTIVE VICE PRESIDENT 53.0 0.0 X 131844 0 16188 CATHY MOORE DEAN OF ACADEMICS 53.0 0.0 X 137000 0 7035 ADAM CARTER INTERRIM COMMANDANT 53.0 0.0 X 100770 0 24863 LUCILE BEAVER EMERITA 0.0 0.0 X 0 0 0 TEE MITCHELL VP OF ENROLLMENT MANAGEMENT 1.0 0.0 X 0 0 0 DANIEL KAUFMAN CHAIRMAN 1.0 1.0 X 0 0 0 C BRIAN DANIEL IMMEDIATE PAST CHAIR 1.0 1.0 X 0 0 0 JOHN W JACOBS III SECRETARY 1.0 1.0 X 0 0 0 CHARLIE J LAIL JR TREASURER 1.0 0.0 X 0 0 0 FOSTER BACHSCHMIDT TRUSTEE 1.0 0.0 X 0 0 0 RUBEN A BARAHONA TRUSTEE 1.0 0.0 X 0 0 0 MARGARET O BLACKSTOCK TRUSTEE 1.0 0.0 X 0 0 0 MAJ GEN MARK A BROWN TRUSTEE 1.0 0.0 X 0 0 0 JETTE CAMPBELL TRUSTEE 1.0 0.0 X 0 0 0 FELIX A GONZALEZ CANTO TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM B CARR JR TRUSTEE 1.0 0.0 X 0 0 0 COUNTE L COOLEY TRUSTEE 1.0 0.0 X 0 0 0 BERNARD M FREEMAN TRUSTEE 1.0 1.0 X 0 0 0 ANTHONY M HERDENER TRUSTEE 1.0 1.0 X 0 0 0 DREW W HORNER TRUSTEE 1.0 0.0 X 0 0 0 ERNEST T LOPEZ III TRUSTEE 1.0 0.0 X 0 0 0 JOHN B MCKERNAN II TRUSTEE 1.0 0.0 X 0 0 0 J ALLEN NIVENS JR TRUSTEE 1.0 0.0 X 0 0 0 JONATHAN A POPE ESQ TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM E RUSSELL TRUSTEE 1.0 1.0 X 0 0 0 ANDREW W TALKINGTON TRUSTEE 1.0 0.0 X 0 0 0 JAMES R VAN ARSDALE TRUSTEE 1.0 0.0 X 0 0 0 1009317 0 121320 6 false true false RUSSELL LANDSCAPE LLC PO BOX 63220 CHARLOTTE NC 28263 LANDSCAPE 172005 FLIK ISD COMPASS GROUP USA PO BOX 50196 LOS ANGELES CA 90074 FOOD 670136 CLARK-MAYNOR LLC 4190 CLEVELAND HIGHWAY GAINESVILLE GA 30506 LAUNDRY 274919 ARAMARK PO BOX 978839 DALLAS TX 76397 FOOD 156729 CLASSIC CITY SOLUTIONS INC 1487 DUNLAP ROAD WINTERVILLE GA 30683 CUSTODIAL 260730 5 X 239927 2043700 3255677 1117035 5539304 TUITION 611710 14449905 14449905 AUXILLARY SERVICES 611710 277271 277271 14727176 298440 298440 0 0 0 0 0 17735136 401404 16612614 403776 1122522 -2372 1120150 1120150 0 0 0 0 0 0 701487 375275 326212 326212 MISCELLANEOUS REVENUE 62665 62665 62665 22073947 15116053 1418590 0 3364082 3364082 348551 348551 0 526226 346588 159481 20157 0 6309149 4153558 1862600 292991 196747 129853 66894 593564 391752 201812 549378 362589 186789 0 2594 2594 50715 50715 0 0 33573 33573 305387 63677 241710 185062 181543 3519 161655 106611 33723 21321 164209 126176 17790 20243 0 1682996 1429810 211631 41555 21172 15886 5048 238 0 0 2612516 2491232 121284 0 2938519 2782113 156406 59565 59565 FOOD/LAUNDRY SERVICES 1154658 1154658 BAD DEBT EXPENSE 117401 117401 SPECIAL EVENTS 80720 67519 13201 OTHER EXPENSES 286421 170850 106908 8663 21744860 17746613 3579878 418369 1869648 3027257 3396092 3275400 741079 312796 328188 277583 0 0 0 0 0 0 909659 768791 0 343875 116189313 65463805 53010302 50725508 20841692 24476217 978145 0 0 0 0 0 299525 53439 82374330 83260866 2063819 1281942 0 0 2312843 484832 50589405 49931151 0 0 0 0 1200000 0 0 1537607 736053 1137519 56902120 54373051 X 22352666 24028040 3119544 4859775 25472210 28887815 82374330 83260866 X 329087 3081510 5008 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22146958 1098235 4468900 5730288 21983805 26218565 155920 1501339 5728866 22146958 24451782 131185 1720541 84943 26218565 22626253 369411 1525589 69471 24451782 31358674 333180 5053729 14119330 22626253 0.86680 0.11940 0.01380 false false 791124 791124 96770315 49772081 46998234 5971444 3393928 2577516 12656430 12297796 358634 50725508 0 BOND PREMIUM 109418 ACCRUED BOND INTEREST PAYABLE 638913 MISCELLANEOUS LIABILITIES 206573 BOND INTEREST RECEIVABLE 7615 UNAMORTIZED FLIK INVESTMENT 175000 1137519 X PART V, LINE 4: THE ACADEMY'S ENDOWMENT CONSISTS OF TWENTY INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: The Academy is a tax-exempt entity under Section 501(c)(3) of the Internal Revenue Code (the "Code"). Only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to income taxes. The Academy annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the Academy takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In general, the Academy is no longer subject to tax examinations for tax years ending before May 31, 2018. true true false true true true true false false false false false false false false false false true SCHEDULE E, PART I, LINE 3 THE ADMINSSIONS APPLICATION BOOKLET CONTAINS THE POLICY AND TWO PUBLIC COMMUNICATIONS ARE MADE EACH YEAR IN EDUCATIONAL PUBLICATIONS. ADDITIONALLY, THE POLICY IS ON THE ACADEMY'S WEBSITE AT WWW.RIVERSIDEMILITARY.COM/NETCOMMUNITY/REQUESTINFO_APPLY FINANCIAL AID Central America and the Caribbean 1 3734 APPL TO ACCT FINANCIAL AID East Asia and the Pacific 4 49958 APPL TO ACCT FINANCIAL AID Europe (Including Iceland and Greenland) 1 8000 APPL TO ACCT FINANCIAL AID Middle East and North Africa 1 15000 APPL TO ACCT FINANCIAL AID North America 6 66718 APPL TO ACCT FINANCIAL AID Russia and the Newly Independent States 3 88941 APPL TO ACCT FINANCIAL AID Sub-Saharan Africa 4 116200 APPL TO ACCT false false false false false false true TUITION DISCOUNTS 120 3202607 TUITION ASSISTANCE SCHOLARSHIPS 22 161475 TUITION SCHOLARSHIP PART I, LINE 2: THE FINANCIAL AID DEPARTMENT MAINTAINS RECORDS TO SUBSTANTIATE ALL AMOUNTS GIVEN IN FINANCIAL AID. PARENTS COMPLETE AN APPLICATION WITH FINANCIAL INFORMATION ON A FACTS TUITION MANAGEMENT FORM THAT PROVIDES "EXPECTED FAMILY CONTRIBUTION (EFC)" DATA. THE DIRECTOR OF ADMISSIONS REVIEWS THE GAP BETWEEN THE COST TO ATTEND AND THE EFC. IF SIGNIFICANT AID IS INDICATED, THE QUESTION OF HOW MUCH IS PRESENTED TO THE CFO AND FINALLY TO THE PRESIDENT FOR RESOLUTION. X X true false X X false false false false false false false false false STANLEY PRECZEWSKI PRESIDENT 300000 5883 18190 981 325054 LAURA MAXWELL CHIEF FINANCIAL OFFICER 185467 11076 27483 224026 ELLEN DEFOOR VP OF ADVANCEMENT 148353 8996 9439 166788 PART I, LINE 1A THE PRESIDENT IS PROVIDED AN ON-CAMPUS RESIDENCE FOR THE CONVENIENCE OF THE ADACEMY. A GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581520209 36274PAA5 2017-05-16 6210000 REFINANCE REVENUE BONDS FROM 2007 false false false B GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581520209 36274PAB3 2017-05-16 12085000 REFINANCE REVENUE BONDS FROM 2007 false false false C GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581520209 36274PAC1 2017-05-16 19680000 REFINANCE REVENUE BONDS FROM 2007 false false false D GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581520209 36274PAD9 2017-05-16 14120000 REFINANCE REVENUE BONDS FROM 2007 false false false A 0 0 6210000 0 0 0 0 0 0 0 6210000 0 2017 true false true true B 0 0 12085000 0 0 0 0 0 0 0 12085000 0 2017 true false true true C 650000 0 19680000 0 0 0 0 0 0 0 19680000 0 2017 true false true true D 0 0 14120000 0 0 0 0 0 0 0 14120000 0 2017 true false true true A false false false false 0 false false false false B false false false false 0 false false false false C false false false false 0 false false false false D false false false false 0 false false false false A true false false 0 false 0 false false B true false false 0 false 0 false false C true false false 0 false 0 false false D true false false 0 false 0 false false A false B false C false D false SCHEDULE K, SUPPLEMENTAL INFORMATION ON MAY 16, 2017, GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY ISSUED "GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY EDUCATIONAL FACILITIES REFUNDING REVENUE BONDS (RIVERSIDE MILITARY ACADEMY, INC. PROJECT) SERIES 2017" TO THE ACADEMY IN THE PRINCIPAL FACE AMOUNT OF $52,095,000. INTEREST IS CALCULATED AT A FIXED RATE OF 5%, WHICH WILL INCREASE TO 5.125% ON MARCH 1, 2047 THROUGH MATURITY ON MARCH 1, 2052. THE PROCEEDS FROM THIS BOND ISSUE WERE USED TO EXTINGUISH THE REVENUE BONDS ISSUED BY THE GAINESVILLE REDEVELOPMENT AUTHORITY IN 2007. WILLIAM E RUSSELL TRUSTEE 172005 LANDSCAPE SERVICES false SCH L PART IV WILLIAM RUSSELL IS OWNER OF RUSSELL LANDSCAPE GROUP, INC, FROM WHICH RIVERSIDE MILITARY ACADEMY CONTRACTED LANDSCAPE SERVICES DURING THE FISCAL YEAR. RIVERSIDE PAID RUSSELL LANDSCAPE $172,005 DURING THE CURRENT TAX YEAR AND THIS TRUSTEE IS REPORTED AS AN INTERESTED PERSON AS A RESULT OF THOSE TRANSACTIONS. X 807 RECEIPT/FMV PROVIDED X 21627 RECEIPT/FMV PROVIDED X RECEIPT/FMV PROVIDED X 3367 1087786 STOCK QUOTE X 1 198 RECEIPT/FMV PROVIDED X 12 5597 RECEIPT/FMV PROVIDED X 2 1020 RECEIPT/FMV PROVIDED false true true LINE 32B WILLIS INVESTMENTS COUNSEL IS A THIRD PARTY THAT ACCEPTS GIFTS OF STOCK ON BEHALF OF RIVERSIDE MILITARY ACADEMY AND THEN PROCESSES THE SALE OF THOSE STOCKS UPON RECEIPT. FORM 990, PART VI, SECTION B, LINE 11B: PRIOR TO FILING THE FORM 990 WITH THE IRS, THE BOARD OF TRUSTEES RECEIVED A COPY OF THE FORM 990 ELECTRONICALLY. TEN BUSINESS DAYS WERE PROVIDED FOR RESOLVING QUESTIONS AND COMMENTS BEFORE FILING THE FINAL FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C: EMPLOYEES MUST DISCLOSE ANY CONFLICTS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 BENCHMARK MATERIAL WAS USED AS WELL AS PAST EXPERIENCE. FORM 990, PART VI, SECTION C, LINE 18: ALL INFORMATION RETURNS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19: ALL GOVERNING DOCUMENTS ARE AVAILABLE FROM THE ORGANIZATION UPON REQUEST. FORM 990, PART VIII, LINE 1E: In April 2020, the Academy obtained a Small Business Administration ("SBA") loan under the Paycheck Protection Program Flexibility Act ("PPPFA") in the amount of $2,043,700. The Paycheck Protection Program ("PPP") loan bears interest at 1% and will follow the repayment terms outlined by the Coronavirus Aid, Relief, and Economic Securities Act (the "CARES Act") and PPPFA. In June 2021, the Academy obtained PPPFA loan forgiveness and recorded the funds within other changes in the accompanying statement of activities and changes in net assets. In February 2021, the Academy obtained a second Small Business Administration loan under the PPPFA in the amount of $1,537,607 The second PPP loan has the same provisions as the PPPFA first loan mentioned above. The Academy intends to apply for forgiveness in 2022. FORM 990, PART XI, LINE 9, OTHER CHANGES IN NET ASSETS: 5,008 UNREALIZED GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST RIVERSIDE MILITARY ACADEMY FOUNDATION 2001 RIVERSIDE DRIVE GAINESVILLE GA 30501 464243684 FUND RAISING GA 501(C)(3) LINE 12B false false false true false false false false false false false false false false false false false false false false PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATION: NAME, ADDRESS, AND EIN OF RELATED ORGANIZATION: RIVERSIDE MILITARY ACADEMY FOUNDATION, INC. EIN: 46-4243684 2001 RIVERSIDE DRIVE GAINESVILLE, GA 30501 PRIMARY ACTIVITY: RAISE AND RECEIVE FUNDS FOR THE SUPPORT OF RIVERSIDE MILITARY ACADEMY