2024-04-15T09:28:54-05:00 2023-05-31 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2022-06-01 580616994 RIVERSIDE MILITARY ACADEMY INC % EMMETT FORRESTER RIVE 7705326251 2001 RIVERSIDE DRIVE GAINESVILLE GA 30501 STANLEY C PRECZEWSKI PRESIDENT 7705382189 2024-04-15 true STANLEY C PRECZEWSKI 999009999 SABRE J LINAHAN P01372980 4048746244 2024-04-15 3 2022 2023-04-26 12:10:37Z STANLEY C PRECZEWSKI 2001 RIVERSIDE DRIVE GAINESVILLE GA 30501 19123582 false X WWW.RIVERSIDEMILITARY.COM X 1907 GA TO PREPARE ETHICAL YOUNG MEN OF CHARACTER FOR SUCCESS THROUGH ACADEMICS, LEADERSHIP, ATHLETICS, CO-CURRICULARS, AND THE STRUCTURE & DISCIPLINE OF A MILITARY COLLEGE PREP ENVIRONMENT. 17 16 190 15 0 7071879 2225270 14635509 12216369 1065323 478819 299371 222413 23072082 15142871 2908804 1642699 0 0 9073391 9335002 0 0 417508 11346322 11459350 23328517 22437051 -256435 -7294180 79257666 71204262 52374491 51759915 26883175 19444347 X 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-CURRICULARS, AND THE STRUCTURE AND DISCIPLINE INHERENT IN A MILITARY COLLEGE PREPARATORY SCHOOL ENVIRONMENT. false false 17703216 1642699 12438782 LOCATED IN GAINESVILLE, GEORGIA, RIVERSIDE PREPARATORY ACADEMY IS A PRIVATE, BOARDING, PREPARATORY SCHOOL SERVING YOUNG MEN IN GRADES 6 THROUGH 12. RIVERSIDE PREP PROUDLY IMPLEMENTS A MILITARY MODEL OF EDUCATION, REFINED AND FOCUSED TO BRING OUT THE ABSOLUTE BEST IN STUDENTS AND TO DEVELOP SIMPLY GREAT MEN. THROUGH SIGNATURE PROGRAMS LIKE CYBER SECURITY AND AEROSPACE ENGINEERING, FINE ARTS PROGRAMS INCLUDING MUSIC AND VIDEO PRODUCTION, AND COMPETITIVE SPORTS AND OTHER TEAM-BUILDING ACTIVITIES, THE EXPERIENCE AT RIVERSIDE IS DESIGNED TO IDENTIFY THE VERY HEIGHT AND BREADTH OF POTENTIAL, CRAFT EXEMPLARY CHARACTER, AND PREPARE STUDENTS FOR A LIFETIME OF ... (CONTINUED ON SCHEDULE O) 17703216 true true false false false false false false false true true false false false true true false true true false false false true false false false false false true true true false false false false false false false false false true true false false false false true false false false true 9 0 true 190 true false false false false false true true false false false false false false X 17 16 false false false false false false false true true false false true true true true true false true true false GA X EMMETT FORRESTER 7705382189 2001 RIVERSIDE DRIVE GAINESVILLE GA 30501 X STANLEY C PRECZEWSKI PRESIDENT 53.0 0.0 X 321704 0 19651 LAURA A MAXWELL CFO 53.0 0.0 X 208171 0 37182 ELLEN G DEFOOR VP OF ADVANCEMENT 53.0 1.0 X 153621 0 21742 ROBERT B DANIEL EXECUTIVE VP 53.0 0.0 X 148426 0 17648 CATHY DAVIS MOORE ACADEMIC DEAN 53.0 0.0 X 147850 0 8731 RENDER MITCHELL VP OF ENROLLMENT MANAGEMENT 53.0 0.0 X 115884 0 26960 ADAM CARTER DEPUTY COMMANDANT 53.0 0.0 X 109578 0 25773 DAVID LEE SENIOR ARMY INSTRUCTOR 53.0 0.0 X 126543 0 1610 DANIEL J KAUFMAN PHD CHAIRMAN 1.0 1.0 X 0 0 0 ANTHONY M HERDENER VICE CHAIRMAN, TREASURER 1.0 1.0 X 0 0 0 JOHN W JACOBS III SECRETARY 1.0 1.0 X 0 0 0 DR WILLIAM E RUSSELL SR TRUSTEE 1.0 1.0 X 0 0 0 FOSTER BACHSCHMIDT TRUSTEE 1.0 0.0 X 0 0 0 DR BRYAN BALDWIN TRUSTEE 1.0 0.0 X 0 0 0 RUBEN A BARAHONA TRUSTEE 1.0 0.0 X 0 0 0 WHITNEY H OWENS TRUSTEE 1.0 0.0 X 0 0 0 JOHN JETTE CAMPBELL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM B CARR JR TRUSTEE 1.0 0.0 X 0 0 0 COUNTE L COOLEY TRUSTEE 1.0 0.0 X 0 0 0 BERNARD M FREEMAN TRUSTEE 1.0 1.0 X 0 0 0 DREW W HORNER TRUSTEE 1.0 0.0 X 0 0 0 ERNEST T LOPEZ III TRUSTEE 1.0 0.0 X 0 0 0 DR LARRY JEFFREY PAYNE TRUSTEE 1.0 0.0 X 0 0 0 JONATHAN A POPE TRUSTEE 1.0 0.0 X 0 0 0 JAMES R VAN ARSDALE TRUSTEE 1.0 0.0 X 0 0 0 1331777 0 159297 8 false true false ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 76397 DINING SERVICES 1178071 CLASSIC CITY SOLUTIONS INC 1487 DUNLAP ROAD WINTERVILLE GA 30683 CUSTODIAL SERVICES 258940 RUSSELL LANDSCAPE LLC PO BOX 63220 CHARLOTTE NC 28263 LANDSCAPE SERVICES 171779 EWDWARDSCO PRIVATE SCHOOL MARKETING 3 GOULDING ST E SHERBERN MA 01770 MARKETING SERVICES 151324 BROHM TEK TECHNOLOGY SERVICES 310 ACADEMY ST NW GAINESVILLE GA 30501 TECHNOLOGY SERVICES 131185 6 65385 2159885 330669 2225270 TUITION 611710 11776438 11776438 AUXILLARY SERVICES 611710 375251 375251 SUMMER PROGRAMS 611710 64680 64680 12216369 415105 415105 0 0 0 0 0 3768541 18600 3723427 0 45114 18600 63714 63714 0 0 0 0 0 0 408495 257284 151211 151211 MISCELLANEOUS REVENUE 900099 71202 71202 71202 15142871 12438782 478819 0 1486559 1486559 156140 156140 0 751780 531269 194801 25710 0 7180593 5074389 1860628 245576 241818 159600 82218 592114 396243 195871 568697 375340 193357 0 14776 14776 57225 57225 0 0 128051 128051 864319 270473 582873 10973 394746 394746 158558 142157 16401 128927 105421 3263 20243 0 1358917 1049769 309148 126452 107387 19065 0 0 2530987 2402775 128212 0 2925038 2775304 149734 496099 411915 84184 FOOD SERVICES 1214096 1214096 LAUNDRY FEES 314885 314885 STUDENT ACTIVITIES & ATHLETICS 138034 119412 18622 SPECIAL EVENTS 125752 39789 85963 482488 175547 277898 29043 22437051 17703216 4316327 417508 2211147 1049698 3275933 3275933 555168 540570 3116274 2812569 0 0 0 0 0 0 931782 881053 416141 595305 117486816 71008721 48549173 46478095 20194137 15568003 0 0 0 0 0 0 7911 3036 79257666 71204262 1576404 1429466 0 0 585003 764892 49242620 48514366 0 0 0 0 0 0 0 0 970464 1051191 52374491 51759915 X 21899171 12972231 4984004 6472116 26883175 19444347 79257666 71204262 X -7294180 -102274 -42374 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19180487 1139092 190924 6319493 14191010 21983805 1220610 -584812 3439116 19180487 22146958 1098235 4468900 5730288 21983805 26218565 155920 1501339 5728866 22146958 24451782 131185 1720541 84943 26218565 0.64730 0.35270 false false 791124 791124 97551236 55538740 42012496 6024243 3705236 2319007 13120213 11764745 1355468 46478095 0 BOND PREMIUM 102350 ACCRUED BOND INTEREST PAYABLE 642223 MISCELLANEOUS LIABILITIES 68147 BOND INTEREST RECEIVABLE 7615 UNAMORTIZED FLIK INVESTMENT 230856 1051191 X SCHEDULE D, PART V, LINE 4 THE ACADEMY'S ENDOWMENT CONSISTS OF TWENTY INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS. SCHEDULE D, PART X, LINE 2 THE ACADEMY IS A TAX-EXEMPT ENTITY 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. THE ACADEMY ANNUALLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE ACADEMY TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. IN GENERAL, THE ACADEMY IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR TAX YEARS ENDING BEFORE MAY 31, 2020. true true false true true true true false false false false false false false false true false true 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 SCHEDULE E, PART I, LINE 6A THE U.S. DEPARTMENT OF EDUCATION ISSUED THE EMERGENCY ASSISTANCE TO NON-PUBLIC SCHOOLS (EANS) PROGRAM UNDER THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT, 2021 (CRRSA ACT), PUB. L. NO. 116-260 (DECEMBER 27, 2020) AND THE AMERICAN RESCUE PLAN ACT OF 2021, PUB. L. NO. 117-2 (MARCH 11, 2021) (ARPA- EANS). THE PURPOSE OF THE EMERGENCY ASSISTANCE TO NON-PUBLIC SCHOOLS (EANS) PROGRAM IS TO PROVIDE SERVICES OR ASSISTANCE TO ELIGIBLE NON-PUBLIC SCHOOLS TO ADDRESS EDUCATIONAL DISRUPTIONS CAUSED BY COVID-19. Russia and the Newly Independent States 0 0 Grantmaking TUITION DISCOUNTS 72140 Central America and the Caribbean 0 0 Grantmaking TUITION DISCOUNTS 50000 Middle East and North Africa 0 0 Grantmaking TUITION DISCOUNTS 25500 Europe (Including Iceland and Greenland) 0 0 Grantmaking TUITION DISCOUNTS 8500 0 0 0 0 156140 156140 TUITION DISCOUNTS Russia and the Newly Independent States 5 72140 TUITION ASSISTANCE BOOK TUITION DISCOUNTS Central America and the Caribbean 5 50000 TUITION ASSISTANCE BOOK TUITION DISCOUNTS Middle East and North Africa 1 25500 TUITION ASSISTANCE BOOK TUITION DISCOUNTS Europe (Including Iceland and Greenland) 1 8500 TUITION ASSISTANCE BOOK false false false false false false true TUITION DISCOUNTS 117 1449411 BOOK TUITION ASSISTANCE SCHOLARSHIPS 4 37148 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 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 true false X X false false false false false false false false false STANLEY C PRECZEWSKI PRESIDENT 311704 0 10000 19651 800 342155 0 LAURA A MAXWELL CFO 208171 0 0 12968 25014 246153 0 ROBERT B DANIEL EXECUTIVE VP 148426 0 0 8737 9695 166858 0 ELLEN G DEFOOR VP OF ADVANCEMENT 153621 0 0 9398 13144 176163 0 CATHY DAVIS MOORE ACADEMIC DEAN 147850 0 0 8731 800 157381 0 SCHEDULE J, PART I, LINE 1A THE PRESIDENT IS PROVIDED AN ON-CAMPUS RESIDENCE FOR THE CONVENIENCE OF THE ADACEMY. ADDITIONALLY, THE ACADEMY PAID A MEMBERSHIP INVESTMENT TO THE GREATER HALL CHAMBER OF COMMERCE FOR THE CFO AND PAID A MEMBERSHIP INVESTMENT TO THE GWINNETT CHAMBER OF COMMERCE FOR THE PRESIDENT. A GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581520209 36274PAAS 2017-05-16 6210000 REFINANCE REVENUE BONDS FROM 2007 false false false B GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581520209 36274PAB3 2017-05-16 12085000 REFINANCE REVENUE BONDS FROM 2007 false false false C GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581520209 36274PAC1 2017-05-16 19680000 REFINANCE REVENUE BONDS FROM 2007 false false false D GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581520209 36274PAD9 2017-05-16 14120000 REFINANCE REVENUE BONDS FROM 2007 A 2805000 0 6210000 0 0 0 0 0 0 0 6210000 0 2017 true false true true B 0 0 12085000 0 0 0 0 0 0 0 12085000 0 2017 true false true true C 0 0 19680000 0 0 0 0 0 0 0 19680000 0 2017 true false true true D 0 0 14120000 0 0 0 0 0 0 0 14120000 0 2017 true false true true A false false false false 0 false false false false B false false false false 0 false false false false C false false false false 0 false false false false D false false false false 0 false false false false A true false false 0 false 0 false false B true false false 0 false 0 false false C true false false 0 false 0 false false D true false false 0 false 0 false false A false B false C false D false SCHEDULE K, SUPPLEMENTAL INFORMATION ON MAY 16, 2017, GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY ISSUED "GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY EDUCATIONAL FACILITIES REFUNDING REVENUE BONDS (RIVERSIDE MILITARY ACADEMY, INC. PROJECT) SERIES 2017" TO THE ACADEMY IN THE PRINCIPAL FACE AMOUNT OF $52,095,000. INTEREST IS CALCULATED AT A FIXED RATE OF 5%, WHICH WILL INCREASE TO 5.125% ON MARCH 1, 2047 THROUGH MATURITY ON MARCH 1, 2052. THE PROCEEDS FROM THIS BOND ISSUE WERE USED TO EXTINGUISH THE REVENUE BONDS ISSUED BY THE GAINESVILLE REDEVELOPMENT AUTHORITY IN 2007. WILLIAM E RUSSELL TRUSTEE 191079 LANDSCAPE SERVICES false SCHEDULE L, PART IV WILLIAM RUSSELL'S SON IS THE OWNER OF RUSSELL LANDSCAPE GROUP, INC, FROM WHICH RIVERSIDE MILITARY ACADEMY CONTRACTED LANDSCAPE SERVICES DURING THE FISCAL YEAR. RIVERSIDE PAID RUSSELL LANDSCAPE $207,022 DURING THE CURRENT TAX YEAR AND THIS TRUSTEE IS REPORTED AS AN INTERESTED PERSON AS A RESULT OF THOSE TRANSACTIONS. X 41047 FMV X 2 103549 STOCK QUOTE X 6 5043 FMV X 1 180000 FMV X COLLEGE VISIT 2 843 FMV X PRINTING 1 187 FMV false true true SCHEDULE M, PART I, COLUMN (B) THE NUMBER IN THIS COLUMN REPRESENTS THE AMOUNT OF CONTRIBUTIONS RECEIVED SCHEDULE M, PART I, LINE 32B WILLIS INVESTMENTS COUNSEL IS A THIRD PARTY THAT ACCEPTS GIFTS OF STOCK ON BEHALF OF RIVERSIDE MILITARY ACADEMY AND THEN PROCESSES THE SALE OF THOSE STOCKS UPON RECEIPT. FORM 990, PART III, LINE 4A (CONTINUED) ... LEADERSHIP, ACCOMPLISHMENT, AND FULFILLMENT. COLLEGES NATIONWIDE RECOGNIZE THE VALUE OF A RIVERSIDE PREP EDUCATION AS OUR 2023 GRADUATES WERE OFFERED $100,000 IN ATHLETIC SCHOLARSHIPS, $5,289,788 IN ACADEMIC SCHOLARSHIPS AND $318,000 IN ROTC SCHOLARSHIPS FOR A TOTAL OF $5,607,788 AND WERE ACCEPTED TO 83 DIFFERENT COLLEGES, UNIVERSITIES, AND SERVICE ACADEMIES NATIONWIDE, INCLUDING NYU, CORNELL, THE UNITED STATES AIR FORCE AND COAST GUARD ACADEMIES, TEXAS A&M, EMBRY-RIDDLE AERONAUTICAL UNIVERSITY, AND GEORGIA TECH - JUST TO NAME A FEW. AT RIVERSIDE PREP, STUDENTS NOT ONLY ACHIEVE ACADEMIC EXCELLENCE, THEY EXPERIENCE WHAT IT'S LIKE TO BE PART OF A BROTHERHOOD, BECOME MENTORS, AND GAIN TRUE AND COMPLETE UNDERSTANDING OF THEIR POTENTIAL. FORM 990, PART VI, SECTION B, LINE 11B 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, LINES 15A & 15B BENCHMARK MATERIAL WAS USED AS WELL AS PAST EXPERIENCE. 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 -4,874 UNREALIZED LOSS ON BENEFICIAL INTEREST IN PERPETUAL TRUST -37,500 TRANSFER TO RIVERSIDE MILITARY ACADEMY FOUNDATION --------- -42,374 TOTAL RIVERSIDE MILITARY ACADEMY FOUNDATION 2001 RIVERSIDE DRIVE GAINESVILLE GA 30501 464243684 FUND RAISING GA 501(C)(3) LINE 12B NA false false false false false false false false false false false false false false false false false false true false SCHEDULE R, PART II NAME, ADDRESS, AND EIN OF RELATED ORGANIZATION: RIVERSIDE MILITARY ACADEMY FOUNDATION, INC. EIN: 46-4243684 2001 RIVERSIDE DRIVE GAINESVILLE, GA 30501 PRIMARY ACTIVITY: RAISE AND RECEIVE FUNDS FOR THE SUPPORT OF RIVERSIDE MILITARY ACADEMY