2016-04-18T07:34:11-05:00 2015-05-31 454084437 Warren Averett LLC Six Concourse Parkway Suite 600 Atlanta GA 30328 990 2014-06-01 580616994 Riverside Military Academy Inc RIVE 7705326251 2001 Riverside Drive Gainesville GA 30501 Kelly Smith Chief Financial Officer 6782913366 2016-04-14 1 Susan Hill P00846200 7703961100 2016-04-14 2014 2016-08-17 19:52:53Z James H Benson Sr 2001 Riverside Drive Gainesville GA 30501 59223300 0 X www.riversidemilitary.com X 1907 GA The mission of Riverside Military Academy is 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-curricular activities, and the structure and discipline inherent in a military college preparatory school environment. 23 23 213 110 128674 127674 1037464 1107524 16045005 18416467 1277573 1512894 852390 910593 19212432 21947478 2552561 2883990 0 0 7911060 8225075 0 0 397563 11705386 11915381 22169007 23024446 -2956575 -1076968 111852987 108938149 74114550 72643420 37738437 36294729 X The mission of Riverside Military Academy is 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-curricular activities, and the structure and discipline inherent in a military college preparatory school environment. 0 0 8924163 2883990 17820174 Instructional - Riverside Military Academy (RMA) is an all-boys college preparatory boarding school serving students in grades 7-12. There are approximately 520 cadets from about 29 states and 23 countries. The average class size is 12 students. This individualized attention and highly structured environment prepares the cadets for college and success in many occupational fields. Of the 107 graduating seniors, 99 received acceptances to over 118 different colleges and universities. One cadet is attending the United States Merchant Marine Academy and one cadet is attending the United States Military Academy at West Point. Eleven cadets entered military service in either the reserve, active duty, or national guard. The graduating class received $5.08 million in collegiate scholarships to colleges and universities spanning the United States, Mexico, Switzerland, and the U.A.E. There are a total of 60 faculty members, and 75% of these have advanced degrees. 2110734 Athletics - RMA competes in four Junior Varsity and three Prep level sports. The Academy also competes within Region 8-AA of the Georgia High School Association (GHSA) in 12 varsity level sports. The Cross Country team came in third in the 2015 GHSA Region 8-AA championships. The soccer team was the 2015 GHSA Region 8-AA champion. The swim team was the 2015 Hall County champion. The Tennis team was the 2015 Region 8-AA runner up. 9314374 1378212 Student Services - The vast majority of the cadets live on the 206-acre campus. The campus facilities include dormitories, classrooms, a visual and performing arts center, library, gymnasium, an extensive weight-training facility, an indoor rifle range, cafeteria and grill, book store, swimming pool, tennis courts, and lighted athletic fields. The school offers over 30 different clubs and activities for cadets to participate. The school cafeteria provides three meals a day Monday - Friday and two meals on Saturday and Sunday. They serve all of the cadets and approximately 50 members of the faculty and staff. 20349271 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 20 0 1 213 1 1 1 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 GA X Kelly Smith CPA 7705382189 2001 Riverside Drive Gainesville GA 30501 Lucile Beaver Emerita 1.00 X 0 0 0 Kenneth L McKelvey Chairman 1.00 X 0 0 0 Bernard M Freeman Vice Chairman 1.00 X 0 0 0 Frederick J Kennedy Immediate Past Chair 1.00 X 0 0 0 S Terry Clontz Secretary 1.00 X 0 0 0 C J Lail Jr Treasurer 1.00 X 0 0 0 Ruben A Barahona Trustee 1.00 X 0 0 0 Margaret O Blackstock Trustee 1.00 X 0 0 0 Counte L Cooley Trustee 1.00 X 0 0 0 C Brian Daniel Trustee 1.00 X 0 0 0 Thomas M Finn Trustee 1.00 X 0 0 0 Gregory A Fisher Trustee 1.00 X 0 0 0 Felix A Gonzalez-Canto Trustee 1.00 X 0 0 0 Anthony M Herdener Trustee 1.00 X 0 0 0 Drew W Horner Trustee 1.00 X 0 0 0 Charles A James Trustee 1.00 X 0 0 0 James D Kalmenson Trustee 1.00 X 0 0 0 Richard M Nichols Trustee 1.00 X 0 0 0 J Allen Nivens Jr Trustee 1.00 X 0 0 0 Daniel G Oakey Trustee 1.00 X 0 0 0 Andrew W Talkington Trustee 1.00 X 0 0 0 James R Van Arsdale Trustee 1.00 X 0 0 0 Jeffrey S Weiner Trustee 1.00 X 0 0 0 F Chris Whitlock Trustee 1.00 X 0 0 0 James H Benson Sr President 70.00 X 294083 0 16990 Amanda Griffin Vice President of Advancement 47.00 X 133699 0 13923 Kelly M Smith Chief Financial Officer 47.00 X 119797 0 18211 547579 0 49124 3 0 1 0 Flik Independent School Dining PO Box 50196 Los Angeles CA 900740196 Food Service 1824222 Clark-Maynor LLC 4190 Cleveland Hwy Gainesville GA 30506 Laundry service 503924 Classic City Solutions Inc 1487 Dunlap Road Winterville GA 30683 Cleaning service 245316 J Geyer Advertising PO Box 5595 Gainesville GA 30506 Clothing 208094 Hanover Uniform Company 3501 Marmenco Court Baltimore MD 21230 Cadet Uniforms 137830 5 1107524 171236 1107524 Tuition 611710 17723729 17723729 Auxillary Services 611710 596293 596293 Summer Programs 611710 96445 96445 18416467 1975554 1975554 422797 294123 128674 128674 128674 35702090 1701 36166451 0 -464361 1701 -462660 -462660 1597167 815248 781919 781919 21947478 19198386 128674 1512894 2743131 2743131 140859 140859 594328 488630 84295 21403 6284419 5180175 876947 227297 246910 205426 26949 14535 590593 489613 67542 33438 508825 421380 87445 11137 11137 27851 27851 80595 80595 22900 22900 209565 209565 614033 375947 238086 1398408 1273482 115323 9603 114526 83894 15836 14796 3451885 3268154 183731 2815341 2682281 133060 211893 190303 21590 Dining 1192566 1192566 0 0 Other expense 780654 722562 55614 2478 Library, textbooks, and 577937 461878 42046 74013 Student Activities 406090 406090 0 0 23024446 20349271 2277612 397563 466668 866642 7810359 6154327 784300 585617 851728 714355 842486 840296 111840119 48845405 65286406 62994714 34456677 35091227 676403 1354363 1014568 111852987 108938149 1547030 1751397 796270 998287 68660000 66860000 1000713 1000308 2110537 2033428 74114550 72643420 X 36036483 34521736 1113492 978986 588462 794007 37738437 36294729 111852987 108938149 X -1076968 -120407 -246333 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36018667 208767 1306966 1281731 36252669 37388896 6672 1930193 3307094 36018667 41444792 145282 3589384 7790562 37388896 48235698 90680 -1104231 5777355 41444792 49404722 8681959 9850983 48235698 0.97910 0.02020 0.00070 0 0 762559 762559 94755581 36914705 57840876 5461848 2473203 2988645 10860131 9457497 1402634 62994714 Bond Premium 1178645 Accrued bond interest payable 854783 2033428 19968635 -120407 -3222 -123629 20092264 80595 1774619 1855214 21947478 21412343 1352482 1352482 20059861 80595 2883990 2964585 23024446 Part V, Line 4: The Academy's endowment consists of three 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 XI, Line 2d - Other Adjustments: Loss on beneficial interest in perpetual trust -3,222. Part XI, Line 4b - Other Adjustments: Financial aid 2,883,990. Direct rental expenses -294,123. Cadet Store cost of good sold -815,248. Part XII, Line 2d - Other Adjustments: Cadet store cost of goods sold 815,248. Direct rental expenses 294,123. Increase in allowance for bad debt 243,111. Part XII, Line 4b - Other Adjustments: Financial aid 2,883,990. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The Admissions 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 0 North America 0 0 Program services Cadet Thanksgiving Cruise 26348 North America 0 0 Program services Mexico recruiting trip, Mexico alumni reception 10884 Russia and Neighboring States 0 0 Program services Recruiting trip 1668 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program services Recruiting trip 8874 0 0 0 0 0 0 47774 0 47774 Financial aid Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 3 17625 Financial aid East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 4 37005 Financial aid Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgiu 1 4971 Financial aid Middle East and North Africa 3 13522 Financial aid North America - Canada and Mexico, but but not the United States 7 67736 0 0 0 0 0 0 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. 1 Financial aid 260 2743131 Need-based reduction in tuition costs. 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 1 0 X X 0 0 0 0 0 0 0 0 0 James H Benson Sr President 282083 0 12000 0 0 0 15490 0 1500 0 311073 0 0 0 Part I, Line 1a The President is provided an on-campus residence for the convenience of the Academy. Additionally, the Academy paid dues totaling $4,342 to the Chattahoochee Country Club and the Kiwanis Club of Gainesville for the President. A Gainesville Redevelopment Authority 581520209 362896AN2 2007-01-23 43370000 Refinance revenue bonds from 1999 and 2000 0 0 0 B Gainesville Redevelopment Authority 581520209 362896AM4 2007-01-23 24225000 Refinance revenue bonds from 1999 and 2000 0 0 0 C Gainesville Redevelopment Authority 581520209 362896AF9 2007-01-23 1400000 Refinance revenue bonds from 1999 and 2000 0 0 0 D Gainesville Redevelopment Authority 581520209 362896AG7 2007-01-23 1555000 Refinance revenue bonds from 1999 and 2000 0 0 0 A 2007 1 0 1 1 B 2300000 2007 1 0 1 1 C 1400000 2007 1 0 1 1 D 1555000 2007 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 Schedule K Supplental Information On January 23, 2007, the Gainesville Redevelopment Authority issued "Gainesville Redevelopment Authority Educational Facilities Refunding Revenue Bonds (Riverside Military Academy, Inc. Project) Series 2007" to the Academy. The proceeds from this bond issue were used to refinance revenue bonds issued by the Gainesville Redevelopment Authority in 1999 and 2000. A Gainesville Redevelopment Authority 581520209 362896AH5 2007-01-23 1630000 Refinance revenue bonds from 1999 and 2000 0 0 0 B Gainesville Redevelopment Authority 581520209 362896AJ1 2007-01-23 1715000 Refinance revenue bonds from 1999 and 2000 0 0 0 C Gainesville Redevelopment Authority 581520209 362896AK8 2007-01-23 1800000 Refinance revenue bonds from 1999 and 2000 0 0 0 D Gainesville Redevelopment Authority 581520209 362896AL6 2007-01-23 5955000 Refinance revenue bonds from 1999 and 2000 0 0 0 A 1630000 2007 1 0 1 1 B 1715000 2007 1 0 1 1 C 1800000 2007 1 0 1 1 D 5955000 2007 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 X 954 FMV X Paving 1 115000 FMV X Other goods 59 27843 FMV X Meals & Entertainment 39 9524 FMV X Travel & Lodging 5 6540 FMV X Sewing Machine 1 5800 FMV X Student supplies 20 3073 FMV X Sports Memoribilia 7 2502 FMV 0 0 0 Form 990, Part VI, Section B, line 11 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 15a The board reviews and approves compensation for the President. 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 XI, line 9: Unrealized loss on beneficial interest in perpetual trust -3,222. Increase in allowance for bad debt expense -243,111. Riverside Military Academy Foundation Inc 2001 Riverside Drive Gainesville GA 30501 464243684 Raise and receive funds for the support of Riverside Military Academy GA 501(c)(3) Line 11a, I 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0