2017-05-12T14:01:45-05:00 2016-06-30 SMITH & HOWARD PC 271 17TH STREET SUITE 1600 ATLANTA GA 30363 990 2015-07-01 580593430 Rabun Gap-Nacoochee School % LAURA CALVERT RABU 7067467467 339 Nacoochee Drive Rabun Gap GA 30568 LAURA CALVERT CFO 7067467467 2017-05-15 true MARK ABRAMS P01081549 4048746244 2017-05-15 2015 2021-01-29 14:40:06Z Anthony Sgro 339 Nacoochee Drive Rabun Gap GA 30568 24417819 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. 26 25 193 200 -4697 -4697 3808162 753352 14502763 15419662 6580361 1946369 559724 -422893 25451010 17696490 6315230 6644360 0 0 6033277 6603579 0 0 266266 7808627 7694580 20157134 20942519 5293876 -3246029 95678352 90460922 22351633 22496523 73326719 67964399 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 14574685 6644360 15227121 Instruction - Rabun Gap - Nacoochee School is a 110-plus year old independent boarding and day school providing co-education college-preparatory in grades five through twelve that has a covenant relationship with the Presbyterian Church. Rabun Gap - Nacoochee School (RGNS) educated approximately 425 students from 25 countries and 15 states for the current fiscal year with an average class size of 11. The Middle School had an enrollment of approximately 100 boys and girls. International students comprise approximately 25 percent of the student body. The faculty averages 15 years of teaching experience, with an average of 8 years at RGNS. Of the 54 classroom teachers and 7 residential faculty, 75 percent hold graduate degrees or higher. Advanced Placement (AP) courses are offered in all academic departments with over 100 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. The international students have a diverse range of activities that include all types of generational contribution. 1483573 134477 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 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. 1379986 58064 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 had a winning season for its first ever football team in 2009. The school recently added wrestling to the sports program. The performing arts department continues to stress the development of human creative potential for all the students that participate in the programs. 17438244 true true false false false false false false false true true true false true true true true false true false false false false false false false false false true true false false false false true false true false true false false false false true false false false true 28 0 true 193 true true true false false false false false false false false false X 26 25 true false false false false false false true true false false true true true true true false true true false GA X X LAURA CALVERT 7067467467 339 NACOOCHEE DRIVE Rabun Gap GA 30568 G D Barber Jr Trustee 1.0 0.0 X 0 0 0 Jon Barnwell Trustee 1.0 0.0 X 0 0 0 Liddell Bartlett Trustee 1.0 0.0 X 0 0 0 G Niles Bolton 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 Ray Cleere Trustee 1.0 0.0 X 0 0 0 Steven P Gilliam Trustee 1.0 0.0 X 0 0 0 Connie Jones Trustee 1.0 0.0 X 0 0 0 Devereaux McClatchey Trustee 1.0 0.0 X 0 0 0 Walter E Mercer 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 Claude Rickman 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 Perry Taylor Trustee 1.0 0.0 X 0 0 0 Terri Todd Trustee 1.0 0.0 X 0 0 0 Charlie Underwood Trustee 1.0 0.0 X 0 0 0 John Underwood Trustee 1.0 0.0 X 0 0 0 Ritchie Williams Trustee 1.0 0.0 X 0 0 0 George B Wirth Trustee 1.0 0.0 X 0 0 0 Richard Buck Woodruff Trustee 1.0 0.0 X 0 0 0 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 Anthony Sgro Head of School 40.0 0.0 X 252911 0 46826 Laura Calvert CFO 40.0 0.0 X 120668 0 32228 Paige Spivey Asst. Head of School for Adv. 40.0 0.0 X 129928 0 21864 503507 0 100918 3 false true false Sage Food Service 222 Bosley Avenue TOWSON MD 21204 Food Services 1236628 Blackbaud PO Box 930256 ATLANTA GA 311930256 Accounting Service 114613 2 X 753352 103528 753352 TUITION REVENUE AND FEES 611600 15227121 15227121 AUXILIARY SERVICES 621110 134477 134477 FARM INCOME 111000 31839 31839 STUDENT ACTIVITIES & ATHLETICS 611710 26225 26225 15419662 1649978 1649978 0 0 183496 91676 91820 0 91820 91820 6828101 4900 6536610 291491 4900 296391 4900 291491 0 0 111760 93043 18717 18717 ALTERNATIVE INVESTMENTS-UBIT 525990 -533430 -4697 -528733 -533430 17696490 15424562 -4697 1523273 0 6644360 6644360 0 0 436081 378884 57197 0 5055549 3996627 918998 139924 170777 113550 51876 5351 614489 443942 164812 5735 326683 245764 68864 12055 0 9057 9057 48194 48194 0 0 88262 88262 83721 53940 24242 5539 152939 70443 73573 8923 313820 214479 90632 8709 0 0 2720716 2101351 619365 348136 154343 188652 5141 0 17692 17692 748241 577717 170524 0 1566701 1209650 357051 252197 189148 63049 DINING SERVICES 1098971 1098971 STAFF DEVELOPMENT 141635 118586 23049 EQUIPMENT EXPENSES 66339 59131 7208 DUES & SUBSCRIPTIONS 40327 28359 11968 -2368 29621 -31989 20942519 17438244 3238009 266266 X 1512566 1341570 4885768 5158252 76162 49641 417319 491456 0 0 0 0 0 0 120584 114209 432691 518179 62532028 36991396 26513881 25540632 29498784 28685493 10248984 8700002 0 0 0 0 21971613 19861488 95678352 90460922 518329 632703 0 0 4553499 5228958 0 0 0 0 0 0 15835000 15145000 0 0 1444805 1489862 22351633 22496523 X 38349259 35295072 2450367 1380791 32527093 31288536 73326719 67964399 95678352 90460922 X -3246029 -1206191 -910100 X false true X true false X 711706 2240844 2057619 802367 582960 6395496 0 0 711706 2240844 2057619 802367 582960 6395496 0 6395496 1680151 1625703 1538381 1736975 1741798 8323008 12776 12776 124641 85720 3167047 454740 -533430 3298718 18029998 65430469 0.35471 0.50977 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43608912 883210 -802566 2222896 41466660 42370711 3522636 54037 2338472 43608912 36494215 3807069 5024735 2955308 42370711 35409019 1140158 1854835 1731136 178661 36494215 40199858 1068511 421667 6281017 35409019 0.68550 0.00700 0.30750 true false 925600 925600 54781143 30698169 24082974 4047373 3722960 324413 2777912 2570267 207645 25540632 ALTERNATIVE INVESTMENTS 8700002 F 8700002 REC. FROM CHARITABLE REM. TR. 217879 INTEREST IN BENEFICIAL TRUSTS 18537991 REC. FROM CHARITABLE LEAD TR. 1105618 19861488 0 INTEREST RATE SWAP 1489862 1489862 X 9032296 -1206191 -725381 -1931572 10963868 88262 6644360 6732622 17696490 14394616 184719 184719 14209897 88262 6644360 6732622 20942519 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 an organization 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 2016 and 2015, 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, 2013. Schedule D, Part XI, Line 2d Net Adjustment: 498,626 Partnership Distributions (45,057) + Interest Rate Swap (1,363,699) + Split Value Interest 91,676 + Expenses assoc. with rental activity 93,043 + Expenses assoc. with bookstore activity ------------- (725,381) Schedule D, Part XI, Line 4b Net Adjustment: 6,644,360 FINANCIAL AID & SCHOLARSHIPS NETTED WITH INCOME FOR AUDITED FINANCIAL STATEMENTS Schedule D, Part XII, Line 2d Net Adjustment: 91,676 + Expenses assoc. with rental activity 93,043 + Expenses assoc. with bookstore activity ------------- 184,719 Schedule D, Part XII, line 4b Net Adjustment: 6,644,360 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 Scholarships and Financial Assistance to Students 358 6644360 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 true false Anthony Sgro Head of School 251408 0 0 0 1503 0 13125 0 34086 0 300122 0 0 0 Laura Calvert CFO 120668 0 0 0 0 0 6212 0 26402 0 153282 0 0 0 Paige Spivey Asst. Head of School for Adv. 128138 0 150 0 1640 0 6582 0 15652 0 152162 0 0 0 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. Schedule J, Part 1, Line 7 Bonuses paid at management's discretion. Cheryl Barber Spouse of Trustee 57060 Compensation false X 2 3528 Stock Quote X 1 100000 Appraisal 3 false true true Part I, Column B Contributions in column B signify number of contributions in total donated to the School. Part I, Line 32 Donated Securities are liquidated for cash by the school's broker. Donated real estate is listed for sale by a third party real estate broker. 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 audit 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 for all key 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 Loss: 1,240,993 - Unrealized Loss on Investments 34,802 + Unrealized Gain on Value of Split Interest -------------------------- -1,206,191 = Form 990, Part XI, Line 9 Net other changes in net assets or fund balances: 498,626 Partnership Distributions (45,057) Interest Rate Swap (1,363,669) Split Value Interest ---------- (910,100) Rabun Gap-Nacoochee Guild Inc 53 LAKE LATIMER DRIVE NE KENNESAW GA 30144 581794615 Fundraising GA 501(C)(3) 11 NA false TR Rabun Gap NSCampbell SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586026048 INVESTMENT GA SUNTRUST BANK TRUST 827352 16201488 1.00000 false THE GILMER FUND SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586026049 INVESTMENT GA SUNTRUST BANK TRUST 28539 1.00000 false MASON MEMORIAL FUND SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586026050 INVESTMENT GA SUNTRUST BANK TRUST 1969 128174 1.00000 false ADDIE CORN RITCHIE MEMORIAL SCH FD SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586050899 INVESTMENT GA SUNTRUST BANK TRUST 1798 1.00000 false THURMAN M WALDROP IRREV TR PO BOX 40200 MAILSTOP FL9-100-10-1 JACKSONVILLE FL 32203 597265965 GRANTS FL NA TRUST 252597 0.50000 false CHARITABLE REMAINDER UNITRUSTS (3) INVESTMENT GA VARIOUS TRUST Rosabel and MK Pentecost Memorial Fund INVESTMENT GA SUNTRUST BANK TRUST 23679 1.00000 false David C Way Charitable Trust INVESTMENTS GA SUNTRUST BANK TRUST 13094 1.00000 false Paul and Flora Hubbard Trust INVESTMENTS GA SUNTRUST BANK TRUST 11845 1.00000 false Smyth Trust INVESTMENTS GA SUNTRUST BANK TRUST 15780 1.00000 false false false true false false false false false false false false false false false false false false false false RABUN GAP-NACOOCHEE GUILD INC C 13044 Donation