2013-05-15T15:04:47-05:00 2012-06-30 SMITH & HOWARD PC 171 17TH STREET SUITE 900 ATLANTA GA 30363 990 2011-07-01 580593430 Rabun Gap-Nacoochee School % LAURA A CALVERT RABU 7067467467 339 Nacoochee Drive Rabun Gap GA 30568 ANTHONY SGRO 2013-05-15 true MARC AZAR 4048746244 2011 2016-02-24 21:20:13Z Anthony Sgro 339 Nacoochee Drive Rabun Gap GA 30568 24535815 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. 23 21 171 200 -114641 -114641 888709 711706 10490407 10353709 3871726 1259842 -238576 97085 15012266 12422342 3429631 3743684 0 0 5022819 5126505 0 0 242600 7186746 7038070 15639196 15908259 -626930 -3485917 92722378 85466766 25540402 22229630 67181976 63237136 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 10012060 3743684 10100786 Instruction - Rabun Gap - Nacoochee School is a 100-plus year old independent boarding and day school providing co-education college-preparatory in grades six through twelve that has a covenant relationship with the Presbyterian Church. Rabun Gap - Nacoochee School (RGNS) educated approximately 350 students from 17 countries and 10 states for the current fiscal year with an average class size of 11. The Middle School had an enrollment of approximately 85 boys and girls. International students comprise approximately 25 percent of the student body. The faculty averages 14 years of teaching experience, with an average of 10 years at RGNS. Of the 45 classroom teachers and 10 residential faculty, approximately 50 percent hold graduate degrees or higher. Advanced Placement (AP) courses offered in all academic departments with 79 students enrolled in an AP course and 77 percent of AP candidates received a score of 3 or higher, making them eligible to receive college credit for their work. With 24 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. 1101169 449870 Auxiliary Services - RGNS provides residential housing in six 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. 1887432 40319 Student activities and athletics - RGNS participates in a variety of sports programs within the the North Carolina Independent School Athletic Association. All sports continue to compete at high levels, bringing notoriety to the school in many different areas. The school introduced a football program in 2009 and had its first varsity football team in 2011. The performing arts department continues to stress the development of human creative potential for all the students that participate in the programs. 13000661 true true 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 false false false false false true false false false false true 12 0 true 171 true true true false false false false false false false false false X 23 21 false false false false false false false true true false false true true true true true false true true false GA X LAURA A CALVERT 7067467467 339 NACOOCHEE DRIVE Rabun Gap GA 30568 X Dr Stephen M Arbitter 1.0 X 0 0 0 Don Barber 1.0 X 0 0 0 G Niles Bolton 1.0 X 0 0 0 Margaret F Carton 1.0 X 0 0 0 Monique Cheeks 1.0 X 0 0 0 Ray Cleere 1.0 X 0 0 0 Stell Huie 1.0 X 0 0 0 Fred H Jones 1.0 X 0 0 0 Mark W McDonough 1.0 X 0 0 0 Charles D Moseley Jr 1.0 X 0 0 0 Dr Virinder Nohria 1.0 X 0 0 0 Teresa W Pendergrast 1.0 X 0 0 0 Thomas J Quigley 1.0 X 0 0 0 John F Smith 1.0 X 0 0 0 Perry Taylor 1.0 X 0 0 0 Terri Todd 1.0 X 0 0 0 Richard Woodruff 1.0 X 0 0 0 Charlie P Underwood 1.0 X 0 0 0 Dr William Hardman III 1.0 X 0 0 0 Jesse J Spikes Esq 1.0 X 0 0 0 Gary V Thrift 1.0 X 0 0 0 Helen Faser 1.0 X 0 0 0 Ritchie Williams 1.0 X 0 0 0 John D Marshall 40.0 X 180398 0 9704 LAURA CALVERT 40.0 X 109571 0 44998 ANTHONY SGRO 40.0 X 91518 0 9785 381487 0 64487 4 false true false Sage Food Service 222 Bosley Avenue TOWSON MD 21204 Food Services 826781 Radlee Heating and Cooling Inc 95 Golden Hills Drive MOUNTAIN CITY GA 30562 Heating and Cooling 154813 Northern Trust 50 South LaSalle Street CHICAGO IL 60603 Investment Advisors 221000 R K HANNA INC 5985 CANTRELL CIRCLE CUMMING GA 30041 FOOD SERVICE 129036 4 711706 1446 711706 TUITION REVENUE AND FEES 611600 10086575 10086575 AUXILIARY SERVICES 611710 252959 252959 FARM INCOME 111000 14175 14175 10353709 1579609 1579609 0 0 161250 60708 100542 100542 100542 11626499 17026 11949072 14220 -322573 2806 -319767 -319767 0 0 76016 89473 -13457 -13457 ALTERNATIVE INVESTMENTS-UBIT 525990 10000 -114641 124641 10000 12422342 10340252 -114641 1485025 0 3743684 3743684 0 0 430951 389959 40992 0 3507015 2868431 491607 146977 129261 99589 25580 4092 785588 627029 156286 2273 273690 202887 57520 13283 0 0 29937 29937 0 0 142134 142134 2834 2834 148565 47588 91004 9973 224305 179030 34042 11233 0 0 2392475 1881523 510952 234718 137964 89617 7137 0 3806 3806 907603 712933 194670 0 1755070 1378629 376441 226097 169573 56524 DINING SERVICES 730003 730003 OTHER EXPENSES 240523 79664 160859 15908259 13000661 2664998 242600 853702 1283868 5179311 2806048 232797 179165 376104 293160 0 0 0 0 0 0 191464 176357 499917 366237 58046362 30479585 29072319 27566777 24745387 21188349 11651882 13055707 0 0 0 0 19919495 18551098 92722378 85466766 661888 540118 0 0 3506626 3887142 0 0 0 0 0 0 19520450 15700000 0 0 1851438 2102370 25540402 22229630 X 34730326 32087269 2534706 2525978 29916944 28623889 67181976 63237136 92722378 85466766 X -3485917 -458923 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40199858 1068511 421667 6281017 35409019 34408501 1319006 6406045 1933694 40199858 49764241 278186 3754373 19388299 34408501 72946768 360684 -17017710 6477666 47835 49764241 0.68721 0.31099 0.00180 true false 632895 632895 51141084 24764359 26376725 3654925 3247619 407306 2617458 2467607 149851 27566777 ALTERNATIVE INVESTMENTS 13055707 F 13055707 REC. FROM CHARITABLE REM. TR. 939214 INTEREST IN BENEFICIAL TRUSTS 17611884 18551098 0 INTEREST RATE SWAP 2102370 2102370 12422342 15908259 -3485917 71185 -530108 -458923 -3944840 9847112 71185 -2654462 -2583277 12430389 142134 -150181 -8047 12422342 13791952 1769511 1769511 12022441 142134 3743684 3885818 15908259 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 2012 and 2011, 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 under the Income Taxes Topic of the Financial Accounting Standards Codification. --- 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, 2009. Schedule D, Part XI, Line 8 1,089,222 Partnership Distributions ( 250,932)+ Interest Rate Swap (1,368,398)+ Split Value Interest ------------- ( 530,108) Schedule D, Part XII, Line 2d Other amounts (3,743,684) - Financial Aid reported in net revenue on F/S 1,089,222 + Partnership distributions reported in revenue on f/s t ------------ (2,654,462) Schedule D, Part XII, Line 4b Other ( 60,708) Rental Expense ( 89,473) Inventory Expense ----------- ( 150,181) Schedule D, Part XIII, Line 2d 60,708 Rental Expense 89,473 + Inventory Expense 1,368,398 + Change in value of split-interest agreements 250,932 + Change in fair value of interest rate swap -------------------------- 1,769,511 = Schedule D, Part XIII, Line 4b 3,743,684 - the amount of Financial Aid Netted against income for Audited financial purposes but it is on the expense schedule for tax purposes. 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. false Scholarships and Financial Assistance to Students 242 3743684 FMV N/A Schedule I, Part I, Line I Schedule I, Part I, Line I Funds are provided to students based on need. X X X false true X X false false false false false false false false false John D Marshall 62917 0 0 0 117481 0 3375 0 6583 0 190356 0 0 0 LAURA CALVERT 109571 0 0 0 0 0 5723 0 39782 0 155076 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 and nanny 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 II, Line 1, col B(iii) Schedule J, Part II, Line 1, col B(iii)-John D. Marshall The amount reported as "Other reportable compensation" represents deferred salary earned while Mr. Marshall was Head of School but not paid prior to his leaving the school. 0 na n/a 44361 tuition disct Jennifer Jones Spouse of Trustee 42000 Compensation false Cheryl Barber Spouse of Trustee 48000 Compensation false Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b-Review of Form 990 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 Form 990, Part VI, Line 12c-Monitoring of conflict of interest 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 Form 990, Part VI, Line 15a & 15b-Compensation 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 Form 990, Part VI, Line 19-Documents available to public 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 Form 990, Part XI, Line 5-Other chgs in net assets or fund balances 71,185 Unrealized Gain 1,089,222 + Partnership Distributions ( 250,932)+ Interest Rate Swap (1,368,398)+ Split Value Interest -------------- ( 458,923) Other changes in net assets of fund balances Rabun Gap-Nacoochee Guild Inc 5416 Tilly Mill Road Dunwoody GA 30338 581794615 Fundraising GA 11 NA false TR Rabun Gap NSCampbell SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586026048 INVESTMENT GA SUNTRUST BANK TRUST 766946 15438693 1.00000 THE GILMER FUND SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586026049 INVESTMENT GA SUNTRUST BANK TRUST 0 23511 1.00000 MASON MEMORIAL FUND SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586026050 INVESTMENT GA SUNTRUST BANK TRUST 959 102676 1.00000 ADDIE CORN RITCHIE MEMORIAL SCH FD SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586050899 INVESTMENT GA SUNTRUST BANK TRUST 0 1696 1.00000 THURMAN M WALDROP IRREV TR PO BOX 40200 MAILSTOP FL9-100-10-1 JACKSONVILLE FL 32203 597265965 GRANTS FL NA TRUST 20865 240023 0.50000 false false true false false false false false false false false false false false false false false false RABUN GAP-NACOOCHEE GUILD INC C 7008 Donation