2023-05-12T22:47:58-05:00 2022-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2021-07-01 580593430 Rabun Gap-Nacoochee School % SCOTT CARLSON RABU 7067467467 339 Nacoochee Drive Rabun Gap GA 30568 JEFFREY MILES HEAD OF SCHOOL 7067467722 2023-05-15 true jeffrey miles 999009999 SABRE J LINAHAN P01372980 4048746244 2023-05-15 3 2021 2023-04-26 12:10:37Z Jeffrey Miles 339 Nacoochee Drive Rabun Gap GA 30568 45477850 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. 18 17 286 125 65025 0 7635484 14131417 21881440 23477665 2690447 2877275 167984 307575 32375355 40793932 10750085 11616729 0 0 11632239 11905877 0 0 765652 7878604 8409275 30260928 31931881 2114427 8862051 105001665 105462489 23404014 24809132 81597651 80653357 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 26195302 11616729 23268893 Instruction - Rabun Gap - Nacoochee School (RGNS) is a nearly 120-year-old independent boarding and day school providing co-education college-preparatory in grades PK through twelve that has a historic relationship with the Presbyterian Church. RGNS educated approximately 670 students from 53 countries and 12 states for the current fiscal year with an average class size of 13. Please see Sch O for the full Activity #1 Description 1408350 170932 Auxiliary Services - RGNS provides residential housing in seven residence halls on the 1,400 acre campus for the boarding students who make up more than 60 percent of the high school 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. The dining hall serves over 250,000 meals on an annual basis. In addition, the newly renovated student center/campus store and central postal services operate for the benefit of the students and faculty. 563340 37840 Student activities and athletics - RGNS participates in a variety of sports programs within the North Carolina Independent School Athletic Association. All sports continue to compete at high levels, bringing notoriety to the school in many different areas. Of particular note, the school offers competitive teams at the middle school, junior varsity, and varsity levels. The school recently added lacrosse to the sports program. The arts department continues to stress the development of human creative potential for all the students that participate in the programs at all three divisions. 28166992 true true false false false false true false false true true false false true false true true false true false true false true false false false false false true true false false false false true false true false true false false false false true false false false true 63 0 true 286 true true true false false false false false false false false false false false X 18 17 false false false false false false false true true false false true true true true true true true true false GA X SCOTT CARLSON 7067467467 339 NACOOCHEE DRIVE Rabun Gap GA 30568 X JEFFREY MILES Head of School 40.0 0.0 X 307521 0 49103 PAIGE SPIVEY Associate Head of School (ADV) 40.0 0.0 X 166127 0 27989 ANNE FORREST PRIM Chief Operations Officer 40.0 0.0 X 122718 0 6886 ROBERT CARTON CFO (THRU APRIL 2022) 40.0 0.0 X 94976 0 22554 FREDERICK ALLEN TRUSTEE 1.0 0.0 X 0 0 0 J PAUL AUSTIN III TRUSTEE 1.0 0.0 X 0 0 0 JON BARNWELL TRUSTEE 1.0 0.0 X 0 0 0 LIDDELL AVERY BARTLETT TRUSTEE 1.0 0.0 X 0 0 0 G NILES BOLTON TRUSTEE 1.0 0.0 X 0 0 0 DR WILLIAM C HORTON TRUSTEE 1.0 0.0 X 0 0 0 PIERCE LOWREY TRUSTEE 1.0 0.0 X 0 0 0 DEVEREAUX MCCLATCHEY TRUSTEE 1.0 0.0 X 0 0 0 TERRI PENDERGRAST TRUSTEE 1.0 0.0 X 0 0 0 REV JUAN SANDOVAL TRUSTEE 1.0 0.0 X 0 0 0 JOHN F SANDY SMITH TRUSTEE 1.0 0.0 X 0 0 0 PERRY TAYLOR TRUSTEE 1.0 0.0 X 0 0 0 JOHN UNDERWOOD TRUSTEE 1.0 0.0 X 0 0 0 LYNDA WHITE TRUSTEE 1.0 0.0 X 0 0 0 RITCHIE WILLIAMS TRUSTEE 1.0 0.0 X 0 0 0 REV DR GEORGE B WIRTH TRUSTEE 1.0 0.0 X 0 0 0 RT REV ROBERT WRIGHT TRUSTEE 1.0 0.0 X 0 0 0 OMAR ZAVALA TRUSTEE 1.0 0.0 X 0 0 0 STELL HUIE TRUSTEE - EMERITUS 1.0 0.0 X 0 0 0 CHARLES D MOSELEY JR TRUSTEE - EMERITUS 1.0 0.0 X 0 0 0 SCOTT CARLSON CFO (BEGINNING APRIL 2022) 40.0 0.0 X 0 0 0 691342 0 106532 3 false true false Sage Food Services Inc 1402 York Road LUTHERVILLE MD 21093 Food Services 1643720 GREENVILLE NEWSCITIZEN-TIMES PO BOX 677566 DALLAS TX 752677566 ADVERTISING 127000 HOLLAND KNIGHT LLP PO BOX 936937 ATLANTA GA 311936937 LEGAL SERVICES 117632 3 2275910 11855507 57914 14131417 TUITION REVENUE AND FEES 611600 23268893 23268893 AUXILIARY SERVICES 621110 170932 170932 STUDENT ACTIVITIES & ATHLETICS 611710 37840 37840 23477665 2042041 2042041 0 0 290733 81877 208856 0 208856 208856 5148557 93235 4302308 104250 846249 -11015 835234 835234 0 0 0 0 0 0 196519 195483 1036 1036 ALTERNATIVE INVESTMENTS-UBIT 525990 97683 65025 32658 97683 40793932 23477665 65025 3119825 0 5571042 5571042 6045687 6045687 0 842827 652506 144588 45733 0 9154421 7087242 1570447 496732 222687 172402 38202 12083 1054977 816750 180982 57245 630965 488486 108242 34237 0 67151 23503 40290 3358 105882 105882 0 0 114699 114699 70460 24661 42276 3523 341723 8916 332411 396 53188 24341 24517 4330 172868 79112 79684 14072 0 1262368 1233956 18950 9462 334823 284600 26786 23437 0 28674 25804 1435 1435 198251 193789 2976 1486 0 1793680 1753421 26853 13406 443823 411639 24074 8110 DINING SERVICES 1934146 1900207 22626 11313 EQUIPMENT EXPENSES 569335 549820 15299 4216 STUDENT PROGRAMS 396382 396382 CONTRACTED SERVICES 144233 129799 7217 7217 377589 292927 70801 13861 31931881 28166992 2999237 765652 X 652611 1932572 5688512 6609220 386206 242672 9435320 10618967 0 0 0 0 0 0 103356 94785 276956 423729 75035939 46144628 29239915 28891311 29386722 28352530 4325281 4125249 0 0 0 0 25506786 24171454 105001665 105462489 880193 968674 0 0 13229721 15270041 0 0 0 0 0 0 9260417 8570417 0 0 33683 0 23404014 24809132 X 46766233 51383704 34831418 29269653 81597651 80653357 105001665 105462489 X 8862051 -5852231 -3954114 X false true X true false X 4497787 2880835 1219355 4728150 14131417 27457544 0 0 4497787 2880835 1219355 4728150 14131417 27457544 11233969 16223575 1959988 2084452 1979117 1878685 2332774 10235016 11221 14353 3052 65025 93651 -551300 165413 -132686 146696 32658 -339219 37446992 103693404 0.43324 0.56900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 11.65 1 true 4.00 500 true 31074416 7637380 -2260507 1612214 34839075 35151989 1570462 3233490 8881525 31074416 39497271 162339 -290715 4216906 35151989 42419984 195977 2220767 5339457 39497271 42348224 346812 3358685 3633737 42419984 0.74000 0.26000 true false 823835 823835 65635743 38293971 27341772 5549907 4824203 725704 3026454 3026454 0 28891311 REC. FROM CHARITABLE REM. TR. 212698 INTEREST IN BENEFICIAL TRUSTS 20016015 REC. FROM CHARITABLE LEAD TR. 3506891 INTEREST RATE SWAP 435850 24171454 0 INTEREST RATE SWAP 0 0 X 19528661 -5852231 757908 -5094323 24622984 114699 16056249 16170948 40793932 20472955 288375 288375 20184580 114699 11632602 11747301 31931881 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 a School 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. 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. 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, 2019. Schedule D, Part XI, Line 2d 469,533 Interest Rate Swap 81,877 + EXPENSES ASSOC. WITH RENTAL ACTIVITY 195,483 + EXPENSES ASSOC. WITH BOOKSTORE ACTIVITY 11,015 + LOSS ON SALE OF FIXED ASSETS REPORTED IN GAAP EXPENSES -------------------------- 757,908 = Schedule D, Part XI, Line 4b 11,616,729 FIN. AID & SCHOLARSHIPS NETTED WITH F/S INCOME 4,423,647 + SPLIT VALUE INTEREST 15,873 + GAAP EXPENSES NETTED WITH F/S REVENUE ------------------------- 16,056,249 = Schedule D, Part XII, Line 2d 81,877 + EXPENSES ASSOC. WITH RENTAL ACTIVITY 195,483 + EXPENSES ASSOC. WITH BOOKSTORE ACTIVITY 11,015 + LOSS ON SALE OF FIXED ASSETS REPORTED IN GAAP EXPENSES -------------------------- 288,375 = Schedule D, Part XII, line 4b 11,616,729 FIN. AID & SCHOLARSHIPS NETTED WITH F/S INCOME 15,873 + GAAP EXPENSES NETTED WITH F/S REVENUE ------------------------- 11,632,602 = true true true true true true true false false false false false false false false true 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. SCHEDULE E, 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. true Central America and the Caribbean 0 0 Program Services Student Recruitment 18861 East Asia and the Pacific 0 0 Program Services STUDENT RECRUITMENT 36154 Europe (Including Iceland and Greenland) 0 0 Program Services STUDENT RECRUITMENT 40437 Middle East and North Africa 0 0 Program Services STUDENT RECRUITMENT 7539 North America 0 0 Program Services STUDENT RECRUITMENT 10810 Central America and the Caribbean 0 0 Grantmaking FINANCIAL ASSISTANCE 555660 East Asia and the Pacific 0 0 Grantmaking FINANCIAL ASSISTANCE 422647 Europe (Including Iceland and Greenland) 0 0 Grantmaking FINANCIAL ASSISTANCE 3255607 North America 0 0 Grantmaking FINANCIAL ASSISTANCE 803335 Sub-Saharan Africa 0 0 Grantmaking FINANCIAL ASSISTANCE 828323 South America 0 0 Grantmaking FINANCIAL ASSISTANCE 135915 Russia and the Newly Independent States 0 0 Grantmaking FINANCIAL ASSISTANCE 44200 0 0 0 0 6159488 6159488 Need-Based Financial Aid Central America and the Caribbean 13 555660 ACCT. CREDIT Tuition Cred FMV Need-Based Financial Aid East Asia and the Pacific 12 422647 ACCT. CREDIT Tuition Cred FMV Need-Based Financial Aid Europe (Including Iceland and Greenland) 63 3255607 ACCT. CREDIT Tuition Cred FMV Need-Based Financial Aid North America 17 803335 ACCT. CREDIT Tuition Cred FMV Need-Based Financial Aid Sub-Saharan Africa 18 828323 ACCT. CREDIT Tuition Cred FMV need-based financial aid South America 3 135915 ACCT. CREDIT tuition cred fmv NEED-BASED FINANCIAL AID Russia and the Newly Independent States 1 44200 ACCT. CREDIT TUITION CRED FMV true false false true false false Part I, Line 2 Recipients for financial aid are based on a family's demonstrated financial need without regard to race, color, gender, religion, or ethnic origin. Consideration may include other relevant criteria, such as but not limited to academic, artistic, or athletic achievements. PART IV, LINE 1 THE ORGANIZATION'S TRANSFERS OF PROPERTY DURING THE CURRENT TAX YEAR DID NOT EXCEED $100,000 CASH NOR RESULT IN AT LEAST 10% OWNERSHIP IN THE FOREIGN CORPORATION. THERE IS NO FORM 926 FILING REQUIREMENT FOR THE ORGANIZATION. PART IV, LINE 4 THE ORGANIZATION IS AN INVESTOR IN ONE OR MORE "PASSIVE FOREIGN INVESTMENT COMPANIES" (PFICS). THE ORGANIZATION DID NOT RECEIVE ANY TAXABLE DISTRIBUTIONS FROM ANY OF THE PFICS DURING THE TAX YEAR. FORM 8621 IS NOT BEING FILED, PURSUANT TO IRS GUIDANCE SET FORTH IN REG. SEC. 1.1291-1(E). true Scholarships and Financial Assistance to Students 415 5571042 book Schedule I, Part I, Line I Funds are provided to students based on need. X X X false true X X X false false false false false false false true false PAIGE SPIVEY Associate Head of School (ADV) 166127 0 0 0 0 0 7739 0 20328 0 194194 0 0 0 JEFFREY MILES Head of School 257521 0 50000 0 0 0 11963 0 37218 0 356702 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 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 I, LINE 7 PERFORMANCE BONUS WAS PAID TO CERTAIN MEMBERS OF MANAGEMENT DURING THE TAX YEAR. NA N/A 14000 GRANT FINANCIAL AID KIANA MILES SPOUSE OF HEAD OF SCHOOL, JEFFREY MILES 28000 Compensation false X 5 57914 Stock Quote false true true Part I, Column B Contributions in column B signify number of contributions in total donated to the School. Part I, Line 32 Donated Securities are liquidated for cash by the school's broker. Form 990, Part III, Line 4A Instruction - Rabun Gap - Nacoochee School (RGNS) is a nearly 120-year-old independent boarding and day school providing co-education college-preparatory in grades PK through twelve that has a historic relationship with the Presbyterian Church. RGNS educated approximately 670 students from 53 countries and 12 states for the current fiscal year with an average class size of 13. The Upper School had enrollment of 384 students, the Middle School had an enrollment of 121 students and the Lower School had enrollment of 165 students. International students comprise approximately 24 percent of the student body. The faculty averages 15+ years of teaching experience. Of the 57 classroom teachers and 1 residential faculty, 54 percent hold graduate degrees or higher. Advanced Placement (AP) courses are offered in all academic departments with over 169 students enrolled in an AP course and the majority of the AP candidates received a score of 3 or higher, making them eligible to receive college credit for their work. With approximately 35 clubs and student organizations, students participate in a wide range of activities. Form 990, Part VI, Line 11b The form 990 will be reviewed by the finance 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 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 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 and all employees. Form 990, Part VI, Line 19 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 <5,914,647> Unrealized gain on Investments 62,416 + UNREALIZED GAIN ON VALUE OF SPLIT INTEREST -------------------------- <5,852,231> = NET UNREALIZED LOSS Form 990, Part XI, Line 9 <4,423,647> Split Value Interest 469,533 + Interest Rate Swap -------------------------- <3,954,114> = NET OTHER CHANGES Rabun Gap-Nacoochee Guild Inc 53 LAKE LATIMER DRIVE NE KENNESAW GA 30144 581794615 Fundraising GA 501(C)(3) 12 NA false TR Rabun Gap NSCampbell SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586026048 INVESTMENT GA SUNTRUST BANK TRUST 0 16859922 1.00000 false THE GILMER FUND SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586026049 INVESTMENT GA SUNTRUST BANK TRUST 0 15 1.00000 false MASON MEMORIAL FUND SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586026050 INVESTMENT GA SUNTRUST BANK TRUST 0 162029 1.00000 false ADDIE CORN RITCHIE MEMORIAL SCH FD SUNTRUST BANK PO BOX 1908 ORLANDO FL 32802 586050899 INVESTMENT GA SUNTRUST BANK TRUST 0 0 1.00000 false THURMAN M WALDROP IRREV TR PO BOX 40200 MAILSTOP FL9-100-10-1 JACKSONVILLE FL 32203 597265965 GRANTS FL NA TRUST 0 311031 0.50000 false CHARITABLE REMAINDER UNITRUSTS (5) INVESTMENT GA VARIOUS TRUST Rosabel and MK Pentecost Memorial Fund INVESTMENT GA SUNTRUST BANK TRUST 0 29312 1.00000 false David C Way Charitable Trust INVESTMENTS GA SUNTRUST BANK TRUST 0 16209 1.00000 false Paul and Flora Hubbard Trust INVESTMENTS GA SUNTRUST BANK TRUST 0 14662 1.00000 false Smyth Trust INVESTMENTS GA SUNTRUST BANK TRUST 0 19533 1.00000 false Elsie naomi Memoral Fund Investments GA Suntrust Bank Trust 0 2215 1.00000 false Hodgson Fund investments GA suntrust bank trust 0 0 1.00000 false Trust Company Fund Investments GA suntrust bank trust 0 93 1.00000 false false false false false false false false false false false false false false false false false false false false