2013-12-20T09:58:57-06:00 2013-05-31 581729751 Metcalf Davis CPAs 3340 Peachtree Road NE Suite 2600 Atlanta GA 303261089 990 2012-06-01 580616994 Riverside Military Academy Inc RIVE 7705326251 2001 Riverside Drive Gainesville GA 30501 Kelly Smith 6782913366 2013-12-20 1 Susan Hill P00846200 4042641700 2013-12-20 2012 2015-11-30 17:44:51Z James H Benson Sr 2001 Riverside Drive Gainesville GA 30501 66763942 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. 24 24 203 100 45535 44535 791847 1930792 12595176 15188393 3727049 7541141 764706 849471 17878778 25509797 1329528 2248003 0 0 7086341 7852279 0 0 414887 12177917 12214208 20593786 22314490 -2715008 3195307 120046118 115931717 79200113 75698625 40846005 40233092 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 8287599 2248003 14858423 Instructional - Riverside Military Academy (RMA) is an all-boys college preparatory boarding school serving students in grades 7-12. There are approximately 460 cadets from about 29 states and 24 countries. The average class size is 14 students. This individualized attention and highly structured environment prepares the cadets for college and success in many occupational fields. Of the 96 seniors, 96 are attending/were accepted to over 119 different colleges/universities. Three cadets entered military service even though they were accepted to a college. The graduating class received $3.2 million in collegiate scholarships to colleges and universities spanning the United States, China, and France. There are a total of 53 faculty members, and 64% of these have advanced degrees. 2042362 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 the 2012 GHSA Region 8-AA champion. The soccer team advanced to the 2013 state playoffs and won the region championship. The Tennis team was undefeated in region 8-AA and advanced to the second round of the state play-offs. The rifle team had a record of 5-3 and was the GHSA sub Area Shoot-off champion, sectional and semi-final champion. 8966504 1133906 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. 19296465 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 0 0 0 0 1 14 0 203 1 1 1 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 GA X Kelly Smith CPA 7705382189 2001 Riverside Drive Gainesville GA 30501 Lucile Beaver 1.00 X 0 0 0 Frederick J Kennedy 1.00 X 0 0 0 P Alexander Fraser 1.00 X 0 0 0 Charles A James 1.00 X 0 0 0 Richard M Nichols 1.00 X 0 0 0 Ira J Middleberg 1.00 X 0 0 0 Jeffrey S Weiner 1.00 X 0 0 0 Arnold B Evans 1.00 X 0 0 0 Daniel J Kaufman 1.00 X 0 0 0 Terry Clontz 1.00 X 0 0 0 Bernard M Freeman 1.00 X 0 0 0 Felix Gonzalez-Canto 1.00 X 0 0 0 Counte L Cooley 1.00 X 0 0 0 C J Lail Jr 1.00 X 0 0 0 J Allen Nivens Jr 1.00 X 0 0 0 Margaret Blackstock 1.00 X 0 0 0 James D Kalmenson 1.00 X 0 0 0 Kenneth L McKelvey 1.00 X 0 0 0 Daniel G Oakey 1.00 X 0 0 0 Thomas M Finn 1.00 X 0 0 0 Gregory A Fisher 1.00 X 0 0 0 Andrew W Talkington 1.00 X 0 0 0 F Chris Whitlock 1.00 X 0 0 0 C Brian Daniel 1.00 X 0 0 0 James H Benson Sr 70.00 X 263333 0 15211 Kelly M Smith 47.00 X 103110 0 17074 Amanda Griffin 47.00 X 127787 0 12799 Kevin J Jarrard 70.00 X 102595 0 3060 596825 0 48144 4 0 1 0 Flik Independent School Dining PO Box 50196 Los Angeles CA 900740196 Food Service 1660571 R L Wagner Custom Homes 2205 Hamilton Mill Place Gainesville GA 30507 Construction 955239 Clark-Maynor LLC 4190 Cleveland Hwy Gainesville GA 30506 Laundry service 437686 Flying Cross PO Box 202518 Dallas TX 753202518 Cadet Uniforms 192065 J Geyer Advertising PO Box 5595 Gainesville GA 30506 Clothing 144216 6 1930792 157607 1930792 Tuition 611710 14633215 14633215 Auxillary Services 611710 329970 329970 Summer Programs 611710 225208 225208 15188393 2241317 2241317 91505 45970 45535 45535 45535 45838840 370 40539386 0 5299454 370 5299824 5299824 1472725 668789 803936 803936 25509797 15992329 45535 7541141 2193503 2193503 54500 54500 664736 182612 267077 215047 5938110 5146441 677866 113803 238191 203952 34239 498825 414146 84679 512417 417508 94909 752 752 26510 26510 141547 141547 144548 31706 112842 254481 254481 430050 367635 62415 1311987 1229310 73420 9257 145306 112551 18444 14311 3639936 3446197 193739 2905762 2770006 135756 184819 172740 12079 Food service 1278628 1278628 0 0 Library, textbooks, and 447070 355879 33274 57917 Bad debt 349323 0 349323 0 Student Activities 289124 289124 0 0 664365 630027 29786 4552 22314490 19296465 2603138 414887 73163 573826 6072446 6145986 178662 985735 745902 971146 754412 788900 110981995 43177464 69393205 67804531 34208659 37256273 7236133 132623 1383536 1272697 120046118 115931717 1319247 1369174 1014785 767868 72005000 70375000 2600000 1000000 2261081 2186583 79200113 75698625 X 40282359 38915388 126828 733984 436818 583720 40846005 40233092 120046118 115931717 X 3195307 -3668293 -141547 1620 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41444792 145282 3589384 7790562 37388896 48235698 90680 -1104231 5777355 41444792 49404722 8681959 9850983 48235698 53065449 100000 4870725 8631452 49404722 81271302 -20403789 7802064 53065449 0.98600 0.01300 0.00100 0 0 762559 762559 94635892 32096053 62539839 5241055 2204243 3036812 10342489 8877168 1465321 67804531 Bond Premium 1287863 Accrued bond interest payable 898720 2186583 X 20026786 -3809840 670409 -3139431 23166217 141547 2202033 2343580 25509797 20639699 714759 714759 19924940 141547 2248003 2389550 22314490 Description of Intended Use of Endowment Funds: 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. Description of Uncertain Tax Positions Under FIN 48: 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, 2013 and 2012 and, accordingly, no liability has been accrued. Generally the Internal Revenue Service ("IRS") may examine a tax return for three years from the date it is filed. At May 31, 2013, tax years ended May 31, 2010, 2011 and 2012 remain open for possible examination by the IRS. Part XI, Line 2d - Other Adjustments: Cadet store cost of goods sold 668,789. Gain on beneficial interest in perpetual trust 1,620. Part XI, Line 4b - Other Adjustments: Financial aid 2,248,003. Direct rental expenses -45,970. Part XII, Line 2d - Other Adjustments: Cadet store cost of goods sold 668,789. Direct rental expenses 45,970. Part XII, Line 4b - Other Adjustments: Financial aid 2,248,003. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Explanation of Nondiscriminatory Policy Publication 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 27240 North America 0 0 Program services Recruiting trip 3842 0 0 0 0 0 0 31082 0 31082 Financial aid Central America and the Caribbean 4 33500 Financial aid Russia & the Newly Independent States 2 11000 Financial aid East Asia and the Pacific 1 10000 0 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, 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 228 2193503 Need-based reduction in tuition costs. Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 233333 0 0 0 30000 0 15211 0 0 0 278544 0 0 0 Part I, Line 1a The President lives in an off-campus house. He receives a $30,000 housing allowance. 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 6690000 2007 1 0 1 1 B 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 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 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 X 1 350 FMV X 2 80611 FMV X Student supplies 4 30376 FMV X Carpet 1 3200 FMV X Books 3 4320 FMV X Materials for President's Quarters 2 21954 FMV X Other goods 13 16796 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 19 All governing documents are available from the organization upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Unrealized gain on beneficial interest in perpetual trust 1,620.