2016-11-15T14:46:36-06:00 2016-06-30 541149263 YOUNT HYDE & BARBOUR PC PO BOX 2560 WINCHESTER VA 226041760 990 2015-07-01 540505939 RANDOLPH-MACON ACADEMY RAND 5406365200 200 ACADEMY DRIVE FRONT ROYAL VA 22630 STUART MYERS CFO 5406365200 2016-11-14 OLIVIA A HUTTON CPA P00964688 5406623417 2015 2017-02-10 21:41:12Z BRIGADIER GENERAL DAVID W 200 ACADEMY DRIVE FRONT ROYAL VA 22630 23193177 0 X WWW.RMA.EDU X 1892 VA TO PROVIDE EDUCATION TO STUDENTS. 20 20 255 15 0 0 2329255 3780922 10433812 11515591 654044 121174 543916 618872 13961027 16036559 1113001 1061421 0 0 6918069 6771672 0 0 413036 4348935 5753625 12380005 13586718 1581022 2449841 34257216 36436786 4404518 4197482 29852698 32239304 X RANDOLPH-MACON ACADEMY IS DEDICATED TO EDUCATING YOUNG PEOPLE TO SUCCEED IN TOP COLLEGES AND UNIVERSITIES AND IN LIFE. THE ACADEMY PROVIDES AN ADVANCED CURRICULUM, A SUPERIOR FACILITY AND STAFF, AND A DISCIPLINED STRUCTURE IN A RELIGIOUS AND SECURE ENVIRONMENT. STUDENTS LEARN TO LIVE TOGETHER HARMONIOUSLY IN A SUPPORTIVE AND DIVERSE COMMUNITY BY DEVELOPING MORAL CHARACTER, CITIZENSHIP, AND A PASSION FOR EXCELLENCE AND LIFE-LONG LEARNING. 0 0 7795212 1061421 12123279 ALL PROGRAM SERVICE EXPENSES ARE DIRECTLY RELATED TO ACTIVITIES NECESSARY IN OPERATING A BOARDING EDUCATIONAL INSTITUTION. 7795212 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 43 0 1 255 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 1 0 X BRIGADIER GENERAL DAVID WESLEY 5406365200 200 ACADEMY DRIVE FRONT ROYAL VA 22630 HENRY LIGHT VICE CHAIRMAN & SECRETARY 1.00 X X 0 0 0 JOHN D SIMAR TRUSTEE 1.00 X 0 0 0 ERIC ANDERSON TRUSTEE 1.00 X 0 0 0 HARRY AUSTIN III TRUSTEE 1.00 X 0 0 0 DONNA BOGART TRUSTEE 1.00 X 0 0 0 ERIC CARLSON TRUSTEE 1.00 X 0 0 0 GLENN CARRINGTON TRUSTEE 1.00 X 0 0 0 LUCY HOOPER TRUSTEE 1.00 X 0 0 0 GEORGE MATHIAS TRUSTEE 1.00 X 0 0 0 DAVID PUSTER TRUSTEE 1.00 X 0 0 0 JOHN STUFFLEBEEM TRUSTEE 1.00 X 0 0 0 CONRAD E KONECZNY TRUSTEE 1.00 X 0 0 0 PAMELA M MCINNIS TRUSTEE 1.00 X 0 0 0 RODNEY DEANE JR TREASURER 1.00 X X 0 0 0 HEATHER GROSSMAN EX-OFFICIO 1.00 X 0 0 0 SCARLETT PRAML KIBLER EX-OFFICIO 1.00 X 0 0 0 REV JOHN PETERS EX-OFFICIO 1.00 X 0 0 0 REV LARRY THOMPSON EX-OFFICIO 1.00 X 0 0 0 DR SUSAN GAWALT EX-OFFICIO 1.00 X 0 0 0 JOSEPH SILEK JR CHAIRMAN 1.00 X X 0 0 0 BRIGADIER GENERAL DAVID WESLEY PRESIDENT 40.00 X 150345 0 0 STUART MYERS CHIEF FINANCIAL OFFICER 40.00 X 0 0 0 JONATHAN C EZELL UPPER SCHOOL ACADEMIC DEAN 40.00 X 115966 0 0 CATHERINE C ABELL VP OF DEVELOPMENT 40.00 X 107039 0 0 373350 0 0 3 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 1117726 BLAUCH BROTHERS PO BOX 1092 HARRISONBURG VA 22803 HVAC SERVICE 267727 BANK OF AMERICA BUSINESS CREDIT CARD PO BOX 15796 WILMINGTON DE 15796 BUSINESS CREDIT CARD 251917 ROYAL PALACE CLEANERS 418 WARREN AVENUE FRONT ROYAL VA 22630 LAUNDRY SERVICE 103621 4 3780922 40593 3780922 BOARD AND TUITION 611600 10294544 10294544 STUDENT SERVICES 611600 1038087 1038087 LAUNDRY AND DRY CLEANING 611600 121798 121798 STUDENT FEES 611600 61162 61162 11515591 333672 333672 6289882 255468 6639160 118688 -349278 136780 -212498 -212498 11184 0 11184 11184 680318 398770 281548 281548 MISCELLANEOUS 611600 111194 111194 OUTSIDE GROUP INCOME 611600 109408 109408 ROTC SALARY AND OTHER 611600 105538 105538 326140 16036559 12123279 0 132358 1061421 1061421 363760 254632 94578 14550 5210100 3463189 1470336 276575 291566 194533 78617 18416 491862 328591 135743 27528 414384 277666 116349 20369 1426 1426 43708 43708 43913 43913 3454 3454 540765 540765 20117 993 14921 4203 684141 68285 610145 5711 17123 3423 4362 9338 38445 38445 901249 901249 248827 248827 FOOD 989066 989066 REPAIRS AND MAINTENANCE 566350 9357 556993 0 OTHER 535275 427761 78928 28586 SUPPLIES 300405 220733 72329 7343 819361 492108 326836 417 13586718 7795212 5378470 413036 10200 5200 3882460 6597752 110509 41097 195628 186147 650174 589594 373234 396169 196833 255332 35394224 14978988 20671083 20415236 8077942 7865476 89153 84783 34257216 36436786 759335 827769 1487007 1769168 1703354 1199146 454822 401399 4404518 4197482 X 21321819 23561680 2529624 2455682 6001255 6221942 29852698 32239304 34257216 36436786 X 2449841 -53748 -9487 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7208392 231252 -109089 270383 7060172 7305100 203750 -45226 255232 7208392 6537255 305712 667989 205856 7305100 5444025 788184 501625 196579 6537255 5217193 264580 84700 122448 5444025 0.04000 0.88000 0.08000 0 0 1549539 1549539 28435085 10688654 17746431 3041718 2587078 454640 2367882 1703256 664626 20415236 ANNUITIES PAYABLE 401399 401399 14867990 -53748 -1061421 -1115169 15983159 43913 9487 53400 16036559 12481384 0 12481384 43913 1061421 1105334 13586718 PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID -1,061,421. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNREALIZED GAIN ON SWAP AGREEMENT -9,936. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 15,052. CHANGE IN VALUE OF LIFE INSURANCE POLICY 4,371. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 1,061,421. SCHEDULE D, PART V, LINE 4 THE ACADEMY'S ENDOWMENT FUND CONSISTS OF INVESTMENTS, TO BE HELD INDEFINITELY, THE INCOME FROM WHICH IS EXPENDABLE TO SUPPORT SCHOLARSHIP PROGRAMS FOR QUALIFYING STUDENTS. SCHEDULE D, PART X, LINE 2 THE ACADEMY CURRENTLY HAS NO UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ALL RADIO AND NEWSPAPER ADVERTISING DESCRIBE RANDOLPH-MACON AS NONDISCRIMINATORY. 1 SCHOLARSHIPS AND FINANCIAL AID 141 1061421 FORM 990, SCHEDULE I, PART 1, LINE 2 IN ORDER TO RECEIVE FINANCIAL AID, FAMILIES FILL OUT A FINANCIAL AID APPLICATION AT SSSBYNAIS.ORG. THE WEBSITE LOOKS AT INCOME, EXPENSES, ASSETS, LIABILITIES AND DETERMINES THE "ESTIMATED FAMILY CONTRIBUTION". BASED UPON THE ESTIMATED FAMILY CONTRIBUTION, THE ACADEMY AWARDS FINANCIAL AID. MOST SCHOLARSHIPS ARE AWARDED BASED UPON THE FINANCIAL AID RECIPIENTS; HOWEVER, THERE ARE A FEW SCHOLARSHIPS THAT HAVE SPECIFIC CRITERIA (FOR EXAMPLE, A STUDENT CAN RECEIVE A SCHOLARSHIP IF HE/SHE IS A METHODIST, FLIGHT STUDENT OR CHILD OF AN ALUMNI). THE FINANCIAL AID SELECTION COMMITTE INCLUDES A MEMBER OF DEVELOPMENT, ADMISSIONS, THE CHIEF FINANCIAL OFFICER AND/OR THE DIRECTOR OF FINANCE. X X 1 1 0 0 0 0 0 0 0 0 0 BRIGADIER GENERAL DAVID WESLEY PRESIDENT 150345 0 0 0 0 0 0 0 0 0 150345 0 0 0 X 6 28732 FMV AT DATE OF RECEIPT 0 0 1 PART I, LINE 32B: STOCK DONATIONS ARE SENT DIRECTLY TO A BROKER. THE BROKER PROCESSES THE SALE AT THE DIRECTION OF THE CFO OR DIRECTOR OF FINANCE AND VP OF DEVELOPMENT. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S SALARY IS COMPARED TO EXECUTIVE COMPENSATION SURVEYS AND WITH DATA TAKEN FROM PRIVATE, INDEPENDENT SCHOOLS 990'S ON WWW.GUIDESTAR.COM. THE R-MA BOARD OF TRUSTEES REIVEWS THE COMPARATIVE DATA AND SETS THE SALARY/BENEFITS OF THE CEO. APPROXIMATELY EVERY 2-3 YEARS, SENIOR STAFF SALARIES ARE COMPARED AGAINST NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS) SALARY SURVEYS. THESE SURVEYS ARE BASED BOTH ON A NATIONAL BASIS AND ON A STATE-BY-STATE BASIS. THE R-MA RESOURCES COMMITTEE REVIEWS THE DATA AND, VIA THE BUDGET PROCESS, THE FULL BOARD OF TRUSTEES APPROVES THE SALARIES AND BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY PROVIDES THE DOCUMENTS UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON SWAP AGREEMENT 9,936. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -15,052. CHANGE IN VALUE OF LIFE INSURANCE POLICY -4,371. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. RANDOLPH-MACON INTEREST HOLDINGS LLC 200 ACADEMY DRIVE FRONT ROYAL VA 22630 HOLDING COMPANY VA 28579 589594 RANDOLPH-MACON ACADEMY