2014-12-03T09:24:05-06:00 2014-05-31 581729751 Metcalf Davis CPAs 3340 Peachtree Road NE Suite 2600 Atlanta GA 303261089 990 2013-06-01 580616994 Riverside Military Academy Inc RIVE 7705326251 2001 Riverside Drive Gainesville GA 30501 Kelly Smith Chief Financial Officer 6782913366 2014-12-03 1 Susan Hill P00846200 4042641700 2014-12-03 2013 2015-11-30 17:44:51Z James H Benson Sr 2001 Riverside Drive Gainesville GA 30501 37260122 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 23 209 100 47357 46357 1930792 1037464 15188393 16045005 7541141 1277573 849471 852390 25509797 19212432 2248003 2552561 0 0 7852279 7911060 0 0 490992 12214208 11705386 22314490 22169007 3195307 -2956575 115931717 111852987 75698625 74114550 40233092 37738437 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 8463100 2552561 15649045 Instructional - Riverside Military Academy (RMA) is an all-boys college preparatory boarding school serving students in grades 7-12. There are approximately 486 cadets from about 30 states and 22 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 91 seniors, 84 are attending/were accepted to over 126 different colleges/universities. One cadet is attending the United States Air Force Academy and two cadets are attending the United States Military Academy at West Point. One cadet entered military service. The graduating class received $4.28 million in collegiate scholarships to colleges and universities spanning the United States, Mexico, and the U.A.E. There are a total of 58 faculty members, and 67% of these have advanced degrees. 2070446 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 was runner-up in the 2014 GHSA Region 8-AA championships. The Tennis team was undefeated and region 8-AA champions and advanced to the second round of the 2014 GHSA state play-offs. The Rifle team was semi-finalist in the GHSA State championship. 8926839 1200993 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. 19460385 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 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 1 209 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 Arnold B Evans Treasurer 1.00 X 0 0 0 S Terry Clontz Secretary 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 P Alexander Fraser 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 Dr Daniel J Kaufman Trustee 1.00 X 0 0 0 C J Lail Jr 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 252333 0 16867 Kelly M Smith Chief Financial Officer 47.00 X 116857 0 17616 Amanda Griffin Vice President of Advancement 47.00 X 131573 0 13171 Kevin J Jarrard Commandant 70.00 X 104222 0 3200 James Robison Executive Officer 47.00 X 100472 0 14568 705457 0 65422 5 0 1 0 Flik Independent School Dining PO Box 50196 Los Angeles CA 900740196 Food Service 1573523 Clark-Maynor LLC 4190 Cleveland Hwy Gainesville GA 30506 Laundry service 469381 Classic City Solutions Inc 1487 Dunlap Road Winterville GA 30683 Cleaning service 185335 Hanover Uniform Company 3501 Marmenco Court Baltimore MD 21230 Cadet Uniforms 168050 J Geyer Advertising PO Box 5595 Gainesville GA 30506 Clothing 162189 7 1037464 46768 1037464 Tuition 611710 15472598 15472598 Auxillary Services 611710 395957 395957 Summer Programs 611710 176450 176450 16045005 1885303 1885303 94584 47227 47357 47357 47357 16669503 6438 17283671 0 -614168 6438 -607730 -607730 1521825 716792 805033 805033 19212432 16850038 47357 1277573 2358111 2358111 194450 194450 790004 632163 117180 40661 5879897 4723266 852284 304347 223970 182474 21905 19591 526811 426460 56576 43775 490378 395948 94430 1960 1960 26560 26560 64413 64413 24850 24850 253918 253918 481168 302001 179167 1458131 1361566 87737 8828 129027 90884 19746 18397 3537022 3348758 188264 2908691 2772798 135893 210230 178889 31341 Dining 1289853 1289853 0 0 Other expense 683920 639440 42264 2216 Library, textbooks, and 392849 295680 43992 53177 Student Activities 242794 242794 0 0 22169007 19460385 2217630 490992 573826 466668 6145986 7810359 985735 784300 971146 851728 788900 842486 111330528 46044122 67804531 65286406 37256273 34456677 132623 1272697 1354363 115931717 111852987 1369174 1547030 767868 796270 70375000 68660000 1000000 1000713 2186583 2110537 75698625 74114550 X 38915388 36036483 733984 1113492 583720 588462 40233092 37738437 115931717 111852987 X -2956575 725401 -263481 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37388896 6672 1930193 3307094 36018667 41444792 145282 3589384 7790562 37388896 48235698 90680 -1104231 5777355 41444792 49404722 8681959 9850983 48235698 53065449 100000 4870725 8631452 49404722 0.98530 0.01450 0.00020 0 0 762559 762559 94650392 34512065 60138327 5258564 2335890 2922674 10659013 9196167 1462846 65286406 Bond Premium 1233254 Accrued bond interest payable 877283 2110537 X 18082948 725401 -1930 723471 17359477 64413 1788542 1852955 19212432 20577603 1025570 1025570 19552033 64413 2552561 2616974 22169007 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 X, Line 2: The Academy's policy is to record a liability for any tax position taken that is beneficial to the Academy, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of May 31, 2014 and 2013 and, accordingly, no liability has been accrued. Generally, taxing authorities may examine a tax return for three years from the date it is filed. At May 31, 2014, tax years ended May 31, 2011, 2012 and 2013 remain open for possible examination by taxing authorities. Part XI, Line 2d - Other Adjustments: Loss on beneficial interest in perpetual trust -1,930. Part XI, Line 4b - Other Adjustments: Financial aid 2,552,561. Direct rental expenses -47,227. Cadet Store cost of good sold -716,792. Part XII, Line 2d - Other Adjustments: Cadet store cost of goods sold 716,792. Direct rental expenses 47,227. Increase in allowance for bad debt 261,551. Part XII, Line 4b - Other Adjustments: Financial aid 2,552,561. 1 1 1 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 http://www.riversidemilitary.com/netcommunity/ page.aspx?pid=367#.ULUgQKzLQ60 0 Europe 0 0 Program services Cadet trip to Germany 34950 North America 0 0 Program services Recruiting trip 88 Central America and the Caribbean 0 0 Program services Cadet trip to Jamaica 8262 East Asia and the Pacific 0 0 Program services Recruiting trip 31419 0 0 0 0 0 0 74719 0 74719 Financial aid Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 4 42000 Financial aid Russia & the Newly Independent States - Armenia, Azerbijan, Belarus, 2 16000 Financial aid East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 8 81000 Financial aid Europe (Including Iceland & Greenland) 2 20500 Financial aid North America 3 34950 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 National Association of Independent Schools 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 231 2358111 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 National Association of Independent Schools 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 226500 0 0 0 25833 0 15634 0 1233 0 269200 0 0 0 Part I, Line 1a The President is provided an on-campus residence for the convenience of the Academy. Additionally, the Academy pays dues totaling $4,113 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 2007 1 0 1 1 C 2007 1 0 1 1 D 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 2007 1 0 1 1 B 1715000 2007 1 0 1 1 C 2007 1 0 1 1 D 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 Other goods 17 14267 FMV X Materials for 6 14259 FMV X Carpet 1 9751 FMV X Student suppl 24 7899 FMV X Books 9 592 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 -1,930. Increase in allowance for bad debt expense -261,551. 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