2013-01-07T09:13:42-06:00 2012-05-31 581729751 Metcalf Davis CPAs 3340 Peachtree Road NE Suite 2600 Atlanta GA 303261089 990 2011-06-01 580616994 Riverside Military Academy Inc RIVE 7705326251 2001 Riverside Drive Gainesville GA 30501 Kelly Smith 6782913366 2013-01-07 1 Susan Hill P00846200 4042641700 2013-01-03 2011 2016-02-25 16:41:14Z James H Benson Sr 2001 Riverside Drive Gainesville GA 30501 35703902 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 23 188 100 0 0 748417 791847 11507164 12595176 5039984 3727049 2611540 764706 19907105 17878778 1024438 1329528 0 0 6627270 7086341 0 0 384135 11948538 12177917 19600246 20593786 306859 -2715008 128832775 120046118 80838339 79200113 47994436 40846005 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 6849514 1329528 12353462 Instructional - Riverside Military Academy (RMA) is an all-boys college preparatory boarding school serving students in grades 7-12. There are approximately 430 cadets from about 25 states and 19 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 85 seniors, 83 are attending/were accepted to over 100 different colleges/universities. Two cadets entered military service even though they were accepted to a college. The graduating class received $2.0 million in collegiate scholarships to colleges and universities spanning the United States, Mexico and Canada. There are a total of 42 faculty members, and over 70% of these have advanced degrees. 2031505 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 golf team was the 2012 runner-up in 8-A region and advanced to the state playoffs. The soccer team advanced to the 2012 state playoffs with wrestling, track, tennis and swimming sending individuals to the state playoffs. In total, 206 cadets received letters in varsity sports. After a five-year hiatus, the crew team was reestablished during the 2010-11 year and is still an active sport. 8623410 1006056 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. 17504429 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 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 0 1 15 0 188 1 0 0 0 0 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 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 O Jon McRae 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 Paul A Gross 1.00 X 0 0 0 Bernard 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 Carlos Cervantes 1.00 X 0 0 0 James Kalmenson 1.00 X 0 0 0 C Brian Daniel 1.00 X 0 0 0 Kenneth L McKelvey 1.00 X 0 0 0 Daniel G Oakey 1.00 X 0 0 0 James H Benson Sr 70.00 X 253585 0 12031 Kelly M Smith 47.00 X 103387 0 13124 Amanda Griffin 47.00 X 126615 0 10999 483587 0 36154 3 0 1 0 Flik Independent School Dining 91337 Collections Drive Chicago IL 606931337 Food Service 1373348 RMA Cadet Laundry LLC 229 E Butler Parkway Suite 300 Gainesville GA 30501 Laundry Service 527184 Radical Support 585 Colonial Park Drive Suite 201 Roswell GA 30075 Technology Infrastructure Upgrade 398333 Flying Cross PO Box 202518 Dallas TX 753202518 Cadet Uniforms 379648 Neuberger Berman Wealth Management 620 Newport Center Drive Suite 250 Newport Beach CA 92660 Investment Services 216106 10 791847 63120 791847 Tuition 611710 12080627 12080627 Summer Programs 611710 272835 272835 Auxillary Services 611710 241714 241714 12595176 2063010 2063010 364 0 364 364 364 18855372 9660 17200993 0 1654379 9660 1664039 1664039 1388473 624131 764342 764342 17878778 13359518 0 3727413 X 1329528 1329528 548853 96853 241765 210235 5332084 4577249 654457 100378 204232 172791 31441 536920 435629 101291 464252 371402 92850 12665 12665 26535 26535 392744 392744 106681 25650 81031 197779 197779 321748 263576 49171 9001 1488965 1414208 68347 6410 113374 76430 18166 18778 3719473 3521498 197975 2890386 2755350 135036 177483 165361 12122 Food services 1171438 1171438 0 0 Other expense 619479 271579 344555 3345 Laundry fees 471745 471745 0 0 Library, textbooks, and 339432 256152 47292 35988 127990 127990 20593786 17504429 2705222 384135 487514 73163 6048441 6072446 139800 178662 706862 745902 534301 754412 109701772 40308567 71371570 69393205 40169726 34208659 8065972 7236133 1308589 1383536 128832775 120046118 978088 1319247 1364637 1014785 73560000 72005000 2600000 2600000 2335614 2261081 80838339 79200113 X 47387299 40282359 256452 126828 350685 436818 47994436 40846005 128832775 120046118 X -2715008 -4433423 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48235698 90680 -1104231 5777355 41444792 49404722 8681959 9850983 48235698 53065449 100000 4870725 8631452 49404722 81271302 -20403789 7802064 53065449 0.99100 0.00900 0 0 762559 762559 93620669 29693781 63926888 5225629 2072134 3153495 10092915 8542652 1550263 69393205 Alternative investments 6770441 F Structured investments 465692 F 7236133 Bond premium 1342472 Accrued bond interest payable 918609 2261081 17878778 20593786 -2715008 -4428876 -4547 -4433423 -7148431 12347214 -4428876 619584 -3809292 16156506 1722272 1722272 17878778 19495645 624131 624131 18871514 1722272 1722272 20593786 Description of Intended Use of Endowment Funds: Part V, Line 4: The intended uses of the Endowment Funds are used to support instructional programs, financial aid, student services and general operations. Description of Uncertain Tax Positions Under FIN 48: Part X: 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, 2012 and 2011 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, 2012, tax years ended May 31, 2009, 2010 and 2011 remain open for possible examination by the IRS. Part XI, Line 8 - Other Adjustments: Unrealized gain/loss on beneficial interest in perpetual trust -4,547. Part XII, Line 2d - Other Adjustments: Cadet store cost of goods sold 624,131. Gain on beneficial interest in perpetual trust -4,547. Part XII, Line 4b - Other Adjustments: Financial aid 1,329,528. Advisory fees included in dividend income 392,744. Part XIII, Line 2d - Other Adjustments: Cadet store cost of goods sold 624,131. Part XIII, Line 4b - Other Adjustments: Financial aid 1,329,528. Advisory fees included in dividend income 392,744. 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 Europe 0 0 Program services Cadet trip to Germany 20381 South America 0 0 Program services Recruiting trip 31031 North America 0 0 Program services Recruiting trip 5575 0 0 0 0 0 0 56987 0 56987 0 0 0 0 0 0 1 Financial aid 166 1329528 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 that is reviewed with the admission director and amounts are awarded on a need basis. X 1 0 X X 0 0 0 0 0 0 0 0 0 James H Benson Sr 193585 0 0 0 60000 0 12031 0 0 0 265616 0 0 0 Part I, Line 1a The President currently lives in an off-campus house. He receives a $60,000 housing allowance. Gainesville Redevelopment Authority 581520209 362896AN2 2007-01-23 43370000 Refinance revenue bonds from 1999 and 2000 0 0 0 Gainesville Redevelopment Authority 581520209 362896AM4 2007-01-23 24225000 Refinance revenue bonds from 1999 and 2000 0 0 0 Gainesville Redevelopment Authority 581520209 362896AF9 2007-01-23 1400000 Refinance revenue bonds from 1999 and 2000 0 0 0 Gainesville Redevelopment Authority 581520209 362896AG7 2007-01-23 1555000 Refinance revenue bonds from 1999 and 2000 0 0 0 6690000 2007 1 0 1 1 2007 1 0 1 1 1400000 2007 1 0 1 1 1555000 2007 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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. Gainesville Redevelopment Authority 581520209 362896AH5 2007-01-23 1630000 Refinance revenue bonds from 1999 and 2000 0 0 0 Gainesville Redevelopment Authority 581520209 362896AJ1 2007-01-23 1715000 Refinance revenue bonds from 1999 and 2000 0 0 0 Gainesville Redevelopment Authority 581520209 362896AK8 2007-01-23 1800000 Refinance revenue bonds from 1999 and 2000 0 0 0 Gainesville Redevelopment Authority 581520209 362896AL6 2007-01-23 5955000 Refinance revenue bonds from 1999 and 2000 0 0 0 2007 1 0 1 1 2007 1 0 1 1 2007 1 0 1 1 2007 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 17142 Estimate X Carpet 2 4181 FMV X Energy monitoring equipment 1 33417 FMV X Other equipment 3 8380 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 top management. 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 5: Net unrealized losses on investments: -4,428,876. Unrealized gain/loss on beneficial interest in perpetual trust -4,547. Total to Form 990, Part XI, Line 5: -4,433,423.