2020-04-15T10:05:48-05:00 2019-06-30 SMITH & HOWARD PC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2018-07-01 580593430 Rabun Gap-Nacoochee School % JENNIFER MOORE RABU 7067467467 339 Nacoochee Drive Rabun Gap GA 30568 JENNIFER MOORE DIRECTOR OF FINANCE 7067467722 2020-05-15 true SABRE J LINAHAN P91739349 4048746244 2020-05-15 50.58.246.46 67983820201065000009 2020-04-15 P D9FCB71CCB3A3DECEBB3BB3635A41A8C05F19104 4457B85B4E43B937AD487BBDB303F97102507AD7 2018 2021-01-29 14:40:06Z Anthony Sgro 339 Nacoochee Drive Rabun Gap GA 30568 38553306 false X WWW.RABUNGAP.ORG X 1903 GA RABUN GAP - NACOOCHEE SCHOOL COMBINES ITS STRONG ACADEMIC PROGRAM, MOUNTAIN SETTING, AND PRESBYTERIAN HERITAGE TO INSPIRE YOUNG PEOPLE EAGER TO LEARN AND GROW. 22 21 304 200 -493 -493 4497787 2880835 18922346 18418681 2762120 2405104 -577786 50806 25604467 23755426 8227305 7849000 0 0 8966587 9154957 0 0 809717 8721313 9129332 25915205 26133289 -310738 -2377863 94320807 92997683 20239611 20638513 74081196 72359170 X RABUN GAP - NACOOCHEE SCHOOL COMBINES ITS STRONG ACADEMIC PROGRAM, MOUNTAIN SETTING, AND PRESBYTERIAN HERITAGE TO INSPIRE YOUNG PEOPLE EAGER TO LEARN AND GROW. LIVING OUR MOTTO, WORK, STUDY, WORSHIP, OUR COMMUNITY NURTURES AND CHALLENGES STUDENTS OF DIVERSE BACKGROUNDS AS THEY PREPARE FOR COLLEGE AND A LIFETIME OF SERVICE. false false 17453654 7849000 18094179 Instruction - Rabun Gap - Nacoochee School is a 115-plus year old independent boarding and day school providing co-education college-preparatory in grades PK4 through twelve that has a historic relationship with the Presbyterian Church. Please refer to schedule O for more details on this program. 1564258 284036 Auxiliary Services - RGNS provides residential housing in seven residence halls on the 1,400 acre campus for the boarding students who make up over 50 percent of the high school student population. Residence life includes many planned weekend activities, and the halls have amenities such as computer rooms, kitchens, laundry rooms, vending machines, and common areas. In addition, the dining hall serves over 215,000 meals on an annual basis. In addition, the bookstore and student center operate for the benefit of the students and faculty. 383658 40466 Student activities and athletics - RGNS participates in a variety of sports programs within the North Carolina Independent School Athletic Association. All sports continue to compete at high levels, bringing notoriety to the school in many different areas. Of particular note, the school offers competitive teams at the middle school, junior varsity, and varsity levels. The school recently added wrestling to the sports program. The arts department continues to stress the development of human creative potential for all the students that participate in the programs at all three divisions. 19401570 true true false false false false false false false true true true false true true true true false true false false false true false false false false false true true false false false false false false true false false false false false false true false false false true 27 0 true 304 true true true false false false false false false false false false false false X 22 21 true false false false false false false true true false false true true true true true true true true false GA X JENNIFER MOORE 7067467467 339 NACOOCHEE DRIVE Rabun Gap GA 30568 X Mr Jon Barnwell Trustee 1.0 0.0 X 0 0 0 Liddell Bartlett Trustee 1.0 0.0 X 0 0 0 Andrew Brackett Trustee 1.0 0.0 X 0 0 0 Margaret F Carton Trustee 1.0 0.0 X 0 0 0 William Clarkson IV Trustee 1.0 0.0 X 0 0 0 Steven P Gilliam Trustee 1.0 0.0 X 0 0 0 Devereaux McClatchey Trustee 1.0 0.0 X 0 0 0 Charles D Moseley Jr Trustee 1.0 0.0 X 0 0 0 Terri Pendergrast Trustee 1.0 0.0 X 0 0 0 Jane Fickling Skinner Trustee 1.0 0.0 X 0 0 0 John F Sandy Smith Trustee 1.0 0.0 X 0 0 0 J Paul Austin III Trustee 1.0 0.0 X 0 0 0 Connie Jones Trustee 1.0 0.0 X 0 0 0 John Underwood Trustee 1.0 0.0 X 0 0 0 Lynda White Trustee 1.0 0.0 X 0 0 0 Ritchie Williams Trustee 1.0 0.0 X 0 0 0 Rev Dr George B Wirth Trustee 1.0 0.0 X 0 0 0 Meghan Magruder Trustee 1.0 0.0 X 0 0 0 The Rt Rev Robert Wright Trustee 1.0 0.0 X 0 0 0 Stell Huie Trustee 1.0 0.0 X 0 0 0 Vernon Wright Trustee 1.0 0.0 X 0 0 0 G Niles Bolton Trustee 1.0 0.0 X 0 0 0 Anthony Sgro Head of School (-06/30/2020) 40.0 0.0 X 340863 0 67471 Paige Spivey Director of Advancement 40.0 0.0 X 142284 0 38823 Jennifer Moore Director of Budget & Finance 40.0 0.0 X 81869 0 4411 Anne Forrest Prim Director of HR and OP 40.0 0.0 X 111362 0 42381 Jeff Miles Head of School (07/01/2019 -) 40.0 0.0 X 0 0 0 676378 0 153086 3 false true false Sage Food Service 222 Bosley Avenue TOWSON MD 21204 Food Services 1864974 Carroll Daniel Construction Co 921 Athens Street GAINESVILLE GA 30501 Construction 1574195 Cooper Carry 191 Peachtree Street NE Suite 2400 ATLANTA GA 30303 Architecture Design 327445 J David Smith LLC 17 Chechero Street CLAYTON GA 30525 Legal Services 331767 Spoleto Study Abroad 10600 Brownsburg Place RALEIGH NC 27613 Education Services 283500 7 2880835 24917 2880835 TUITION REVENUE AND FEES 611600 18094179 18094179 AUXILIARY SERVICES 621110 284036 284036 STUDENT ACTIVITIES & ATHLETICS 611710 40466 40466 18418681 1967941 1967941 0 0 116511 92894 23617 0 23617 23617 14939557 14502394 437163 437163 437163 0 0 0 0 0 0 64861 202592 -137731 -137731 ALTERNATIVE INVESTMENTS-UBIT 525990 164920 -493 165413 164920 23755426 18418681 -493 2456403 0 4101634 4101634 3747366 3747366 0 875112 756097 119015 0 6696689 4831628 1629829 235232 186126 135560 46591 3975 861698 423548 406969 31181 535332 267666 246253 21413 0 30886 10810 18532 1544 27138 9498 16283 1357 0 0 121221 121221 325942 114080 195565 16297 82593 66074 4130 12389 633396 392706 145681 95009 0 0 1849218 669853 1146929 32436 569290 483897 45543 39850 0 145195 130675 7260 7260 685101 506975 157573 20553 0 1700000 1258000 391000 51000 280271 196189 70068 14014 DINING SERVICES 1647772 1235829 362510 49433 EQUIPMENT EXPENSE 362817 308394 36282 18141 STAFF DEVELOPMENT 242460 218214 12123 12123 DUES & SUBSCRIPTIONS 224664 146032 67399 11233 201368 146942 38164 16262 26133289 19401570 5922002 809717 X 2002107 242067 5351873 5369451 1314314 330410 299321 115269 0 0 0 0 0 0 123339 54163 345291 549218 70728875 41951821 24447925 28777054 33478500 31321638 5635745 5487033 0 0 0 0 21322392 20751380 94320807 92997683 765135 1269993 0 0 5368102 5298596 0 0 0 0 0 0 13765000 13825000 0 0 341374 244924 20239611 20638513 X 35809206 37016545 5222323 2781267 33049667 32561358 74081196 72359170 94320807 92997683 X -2377863 1078402 -422565 X false true X true false X 802367 582960 3185767 4497787 2880835 11949716 0 0 802367 582960 3185767 4497787 2880835 11949716 2192083 9757633 1736975 1741798 1885601 1879830 1991558 9235762 12776 17319 11221 41316 454740 -533430 -563807 -551300 165413 -1028384 20198410 84656593 0.48309 0.48199 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42419984 195977 2220767 5339457 39497271 42348224 346812 3358685 3633737 42419984 41466660 452806 4145189 3716431 42348224 43608912 883210 -802566 2222896 41466660 42370711 3522636 54037 2338472 43608912 0.63940 0.29020 0.07040 true false 925600 925600 62207518 34814693 27392825 4655703 4222197 433506 2940055 2914932 25123 28777054 ALTERNATIVE INVESTMENTS 5487033 F 5487033 REC. FROM CHARITABLE REM. TR. 234479 INTEREST IN BENEFICIAL TRUSTS 19557150 REC. FROM CHARITABLE LEAD TR. 959751 20751380 0 INTEREST RATE SWAP 244924 244924 X 16736528 1078402 -127079 951323 15785205 121221 7849000 7970221 23755426 18458554 295486 295486 18163068 121221 7849000 7970221 26133289 Schedule D, Part V, Line 1 Prior year column (b) changes as a result of the financial statements being restated. Schedule D, Part V, Line 4 Permanently restricted endowment funds are used predominately for financial aid to the students of the school. Board designated endowment funds are for the general operations of the school. Temporarily restricted endowment funds are donor imposed restrictions of either a time constraint or purpose restriction. The school attempts to meet temporary restrictions as soon as possible. All earnings from the endowed funds are utilized to maintain a superior education and facility for all students attending RGNS. Schedule D, Part X, Line 2 The School is recognized as a School exempt from income taxes 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. During 2019 and 2018, all the activities of the School qualify as exempt activities and do not give rise to unrelated business income. The School annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the School takes meet the definition of an uncertain tax position. In the normal course of business, the School is subject to examination by the federal and state taxing authorities. In general, the School is no longer subject to tax examinations for tax years ending before June 30, 2016. Schedule D, Part XI, Line 2d Net Adjustment: 96,450 + Interest Rate Swap -519,015 + Split Value Interest 92,894 + EXPENSES ASSOC. WITH RENTAL ACTIVITY 202,592 + EXPENSES ASSOC. WITH BOOKSTORE ACTIVITY -------------------------- -127,079 = Schedule D, Part XI, Line 4b Net Adjustment: 7,849,000 FINANCIAL AID & SCHOLARSHIPS NETTED WITH INCOME FOR AUDITED FINANCIAL STATEMENTS Schedule D, Part XII, Line 2d Net Adjustment: 92,894 Expenses Assoc. with rental activity 202,592 + Expenses Assoc. with bookstore activity -------------------------- 295,486 = Schedule D, Part XII, line 4b Net Adjustment: 7,849,000 FINANCIAL AID & SCHOLARSHIPS NETTED WITH INCOME FOR AUDITED FINANCIAL STATEMENTS true true true true true true true false false false false false false false false false false true Schedule E, Line 3 It is the policy of the school that at any time during the year that an advertisement is published, the nondiscrimination policy is included in the advertisement. In addition, the policy is included on the school's website. true Central America and the Caribbean Grantmaking Financial Assistance 785140 East Asia and the Pacific Grantmaking Financial Assistance 213312 Europe (Including Iceland and Greenland) Grantmaking Financial Assistance 1642349 North America Grantmaking Financial Assistance 306653 South America Grantmaking Financial Assistance 184706 South Asia Grantmaking Financial Assistance 149764 Sub-Saharan Africa Grantmaking Financial Assistance 465442 Middle East and North Africa Program Services Student Recruitment 2671 Central America and the Caribbean Program Services Student Recruitment 5150 East Asia and the Pacific Program Services Student Recruitment 10807 Europe (Including Iceland and Greenland) Program Services Student Recruitment 35980 North America Program Services Student Recruitment 1185 3803159 3803159 Need-Based Financial Aid Central America and the Caribbean 22 785140 Tuition Cred FMV Need-Based Financial Aid South America 5 184706 Tuition Cred FMV Need-Based Financial Aid South Asia 3 149764 Tuition Cred FMV Need-Based Financial Aid East Asia and the Pacific 8 213312 Tuition Cred FMV Need-Based Financial Aid Europe (Including Iceland and Greenland) 37 1642349 Tuition Cred FMV Need-Based Financial Aid North America 8 306653 Tuition Cred FMV Need-Based Financial Aid Sub-Saharan Africa 12 465442 Tuition Cred FMV false false false false false false Part I, Line 2 Recipients for financial aid are based on a family's demonstrated financial need without regard to race, color, gender, religion, or ethnic origin. true Scholarships and Financial Assistance to Students 482 4101634 FMV Schedule I, Part I, Line I Funds are provided to students based on need. X X X false true X X X false false false false false false false false false Anthony Sgro Head of School (-06/30/2020) 340863 24500 43281 408644 Paige Spivey Director of Advancement 142284 7025 32108 181417 Anne Forrest Prim Director of HR and OP 111362 5582 37109 154053 Schedule J, Part I, Line 1a Head of School is required to live on campus in a home provided by the school. In addition to the home, the school provides maid services to the head of school. The school also provides for payment of membership fees for the officer to conduct various business matters. Lynda Ann Loring Sister of John Underwood, Trustee 62830 Compensation false Form 990, Part III, Line 4A Rabun Gap - Nacoochee School (RGNS) educated approximately 583 students from 50 countries and 15 states for the current fiscal year with an average class size of 12. The Middle School had an enrollment of approximately 113 boys and girls. International students comprise approximately 25 percent of the student body. The faculty averages 12.4 years of teaching experience, with an average of 6.3 years at RGNS. Of the 76 classroom teachers and 1 residential faculty, 75 percent hold graduate degrees or higher. Advanced Placement (AP) courses are offered in all academic departments with over 146 students enrolled in an AP course and the majority of the AP candidates received a score of 3 or higher, making them eligible to receive college credit for their work. With approximately 25 clubs and student organizations, students participate in a wide range of activities. Form 990, Part VI, Line 2 Terri Pendergrast (Board Trustee) is the sister of Ritchie Williams (Board Trustee). Form 990, Part VI, Line 11b The form 990 will be reviewed by the finance committee of the board and then made available to the entire board prior to filing the return with the Internal Revenue Service. Form 990, Part VI, Line 12c On an annual basis all board of trustee members are required to sign a statement that they are independent with respect to the school. Each of the board members makes this affirmative statement with the understanding that the school must maintain a governing body that is acting on behalf of the well-being of the institution. Form 990, Part VI, Line 15a & 15b The Board of Trustees and the executive committee review the activities of the Head of School on an annual basis and the use of the criteria established from the prior year to evaluate the effectiveness of the position and set criteria for the coming year. The results are communicated to the head of school along with suggestions for enhancing the experience of students and all employees. Form 990, Part VI, Line 19 The school makes available for public inspection its tax filings and other information to the public upon request and at its Business office during regular business hours. Form 990, Part XI, Line 5 Net Unrealized Gain: 1,075,156 Unrealized Gain on Investments 3,246 + UNREALIZED GAIN ON VALUE OF SPLIT INTEREST -------------------------- 1,078,402 = 1,078,402 Unrealized Gain on Investments Form 990, Part XI, Line 9 96,450 Interest Rate Swap (519,015) + Split Value Interest -------------------------- (422,565) = Rabun Gap-Nacoochee Guild Inc 53 LAKE LATIMER DRIVE NE KENNESAW GA 30144 581794615 Fundraising GA 501(C)(3) 12 NA false TR Rabun Gap NSCampbell SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586026048 INVESTMENT GA SUNTRUST BANK TRUST 17011477 1.00000 false THE GILMER FUND SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586026049 INVESTMENT GA SUNTRUST BANK TRUST 35050 1.00000 false MASON MEMORIAL FUND SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586026050 INVESTMENT GA SUNTRUST BANK TRUST 151674 1.00000 false ADDIE CORN RITCHIE MEMORIAL SCH FD SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586050899 INVESTMENT GA SUNTRUST BANK TRUST 1890 1.00000 false THURMAN M WALDROP IRREV TR PO BOX 40200 MAILSTOP FL9-100-10-1 JACKSONVILLE FL 32203 597265965 GRANTS FL NA TRUST 317685 0.50000 false CHARITABLE REMAINDER UNITRUSTS (5) INVESTMENT GA VARIOUS TRUST Rosabel and MK Pentecost Memorial Fund INVESTMENT GA SUNTRUST BANK TRUST 26647 1.00000 false David C Way Charitable Trust INVESTMENTS GA SUNTRUST BANK TRUST 14735 1.00000 false Paul and Flora Hubbard Trust INVESTMENTS GA SUNTRUST BANK TRUST 13330 1.00000 false Smyth Trust INVESTMENTS GA SUNTRUST BANK TRUST 17758 1.00000 false false false false false false false false false false false false false false false false false false false false