2022-12-20T16:00:27+00:00 2022-06-30 371611326 Aronson LLC 111 Rockville Pike Rockville MD 20850 990 2021-07-01 540505939 Randolph-Macon Academy RAND 5406365200 200 Academy Drive Front Royal VA 22630 David C Wesley President 2022-12-20 true David C Wesley 999009999 ROBERT EBY CPA P01682202 3012316200 2021 2022-09-23 18:48:47Z David C Wesley 200 Academy Drive Front Royal VA 22630 15481410 false X WWW.RMA.EDU X 1892 VA RANDOLPH-MACON ACADEMY IS A COLLEGE-PREPARATORY SCHOOL USING MILITARY VALUES TO PREPARE QUALIFIED YOUNG PEOPLE FOR LEADERSHIP ROLES IN THE UNITED STATES AND AROUND THE WORLD. 19 19 165 26 0 0 2815723 2683172 9391784 11276984 1384355 513641 323539 -287363 13915401 14186434 2613998 2838046 0 6502592 6871413 0 418695 5067828 5701431 14184418 15410890 -269017 -1224456 40307028 36335018 6525275 6199455 33781753 30135563 RANDOLPH-MACON ACADEMY IS A COLLEGE-PREPARATORY SCHOOL USING MILITARY VALUES TO PREPARE QUALIFIED YOUNG PEOPLE FOR LEADERSHIP ROLES IN THE UNITED STATES AND AROUND THE WORLD. false false 9408259 8465856 ALL PROGRAM SERVICE EXPENSES ARE DIRECTLY RELATED TO ACTIVITIES NECESSARY IN OPERATING A BOARDING EDUCATION INSTITUTION. 9408259 true true false false false false false false true true false false false true true false true true false false false false false false false false false true true false false false false false false false false false false false false true false false false false true 186 0 true 165 true false false false false false false false false false false false false X 19 19 false false false false false false false true true false false true true true true true true true true false X David C Wesley 5406365200 200 Academy Drive Front Royal VA 22630 BRIAN BOGART Treasurer 1.0 X X 0 0 0 HARRY AUSTIN CHAIR 1.0 X X 0 0 0 JOHN SIMAR VICE CHAIR 1.0 X X 0 0 0 PATTY KEENAN SECRETARY 1.0 X X 0 0 0 Rev Dr Victor Gomez Ex-Officio 1.0 X X 0 0 0 Valerie Wilson PA| Ex-Officio 1.0 X X 0 0 0 ALONZO NEESE III BOARD MEMBER 1.0 X 0 0 0 BILL BERSING BOARD MEMBER 1.0 X 0 0 0 BO SNITCHER ALUMNI ASS. REP. 1.0 X 0 0 0 BOB SPIVEY BOARD MEMBER 1.0 X 0 0 0 BRYAN MOORE ALUMNI ASSOCIATION REP 1.0 X 0 0 0 DOUG HUTHWAITE BOARD MEMBER 1.0 X 0 0 0 ED MORRIS BOARD MEMBER 1.0 X 0 0 0 Eric D Anderson Board Member 1.0 X 0 0 0 GEORGE MATHIAS BOARD MEMBER 1.0 X 0 0 0 HEATHER CROSSMAN BOARD MEMBER 1.0 X 0 0 0 JOSEPH HADEED BOARD MEMBER 1.0 X 0 0 0 KATIE TEWELL BOARD MEMBER 1.0 X 0 0 0 LUCY HOOPER Board Member 1.0 X 0 0 0 TESS HEGEDUS BOARD MEMBER 1.0 X 0 0 0 WHITNEY LEE BOARD MEMBER 1.0 X 0 0 0 DAVID C WESLEY PRESIDENT 40.0 0.0 X 253526 0 34518 253526 0 34518 1 false true false SAGE DINING SERVICES INC 1402 YORK RD STE 100 LUTHERVILLE MD 21093 FOOD SERVICES BLACKBAUD PO BOX 930256 ATLANTA GA 311930256 ACCOUNTING SERVICES 0 1361266 1321906 2683172 Board and Tuition 611600 10703947 10703947 Student Services 611600 388797 388797 Laundry and Dry Cleaning 611600 167713 167713 Student Fees 611600 16527 16527 0 0 0 0 11276984 157900 157900 158583 0 158583 0 158583 158583 544095 46600 211654 23300 332441 23300 355741 355741 1361266 703988 -703988 -703988 533636 356034 177602 177602 Miscellaneous 900099 3399 3399 Outside Group Income 900099 60012 60012 ROTC Salary and Other 611600 17029 17029 0 0 0 0 80440 14186434 11471615 0 31647 2838046 2838046 288044 226684 50742 10618 5234039 4119063 922030 192946 120409 94759 21212 4438 842183 662778 148359 31046 386738 304353 68128 14257 14366 1990 12223 153 48588 6729 41341 518 325422 45065 276887 3470 377542 377542 400380 360766 25201 14413 327112 240305 72828 13979 476143 375312 83382 17449 224753 212775 6441 5537 105423 82966 18571 3886 1188912 935645 209439 43828 256325 202513 44500 9312 Food 1112711 1112711 Repairs and Maintenance 250065 197109 43792 9164 Dues and Subscriptions 88653 50783 37870 bad debts 41186 41186 463850 178786 241383 43681 15410890 12249138 2743057 418695 5245 5370 4160986 3337329 1010366 1055531 91121 57541 0 0 0 0 19714 103438 286990 272109 337109 386755 41087489 20984046 21070201 20103443 12720127 10492903 0 0 605169 520599 40307028 36335018 709199 782163 1706623 1681350 0 0 3610652 3382232 498801 353710 6525275 6199455 X 20055804 18564799 13725949 11570764 33781753 30135563 40307028 36335018 X -1224456 -2323914 -97820 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12557084 110371 -1739870 450857 97820 10378908 10510029 77711 2203710 423566 -189200 12557084 9802165 554426 425964 368976 -96450 10510029 8153548 564927 600947 339842 -822585 9802165 7853234 139668 434451 273805 8153548 0.1272 0.7893 0.0835 false false 1485997 1485997 32294619 15337360 16957259 4738382 3676837 1061545 2568491 1969849 598642 20103443 Annuities Payable 106311 Capital Lease Obligation 247399 353710 X 8758941 -2323914 0 -2323914 11082855 3103579 3103579 14186434 12405131 0 0 12405131 3005759 3005759 15410890 Schedule D, Part V, Line 4 Intended uses of endowment funds THE ACADEMY'S ENDOWMENT FUND CONSISTS OF INVESTMENTS, TO BE HELD INDEFINITELY, THE INCOME FROM WHICH IS EXPENDABLE TO SUPPORT SCHOLARSHIPS FOR QUALIFYING STUDENTS AND OTHER SPECIFIED PROGRAMS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Academy is exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code. The Academy is subject to taxes on unrelated business activities. The Academy generated no unrelated business income for the years ended June 30, 2022 and 2021. The Academy evaluates uncertainty in income tax positions based on a more-likelythan-not recognition standard. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon ultimate settlement. As of June 30, 2022 and 2021, there were no accruals for uncertain tax positions. If applicable, the Academy records interest and penalties as a component of income tax expense. Tax years from June 30, 2019 through the current year remain open for examination by federal and state tax authorities. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements FINANCIAL AID - 2838046 LAUNDRY/DRY CLEANING - 167713 Change in value of split interest - 97820 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements FINANCIAL AID - 2838046 LAUNDRY/DRY CLEANING - 167713 true true true true true true true false false false false false false false false false false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY ALL RADIO AND NEWSPAPER ADVERTISING DESCRIBE RANDOLPH-MACON AS NONDISCRIMINATORY. true SCHOLARSHIPS AND FINANCIAL AID 173 2838046 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. In order to receive financial aid, families fill out a financial aid application at sssbynais.org. The website looks at income, expenses, assets, liabilities, and determines the "estimated family contribution". Based upon the estimated family contributions, the academy awards financial aid. Most scholarships are awarded based upon the financial need of the applicants, however there are a few scholarships that have specific criteria (for example, a student can receive a scholarship if he/she is a Methodist, high flight student or a falcon scholar). The financial aid selection committee includes the admissions director, director of admissions and financial aid, director of development and business officer. X true true X X X X false false false false false false false false false DAVID C WESLEY PRESIDENT 253526 0 0 0 0 0 26000 0 8518 0 288044 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use AMONG OTHER BENEFITS, THE PRESIDENT RECEIVES HOUSING ALLOWANCE IN LIEU OF CAMPUS HOUSING. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy CONFLICTS OF INTEREST ARE REVIEWED ANNUALLY. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE CEO'S SALARY IS COMPARED TO EXECUTIVE COMPENSATION SURVEYS AND WITH DATA TAKEN FROM PRIVATE, INDEPENDENT SCHOOLS 990'S ON WWW.GUIDESTAR.COM. THE R-MA BOARD OF TRUSTEES REVIEWS THE COMPARATIVE DATA AND SETS SALARY/BENEFITS OF THE CEO APPROXIMATELY EVERY 2-3 YEARS. SENIOR STAFF SALARIES ARE COMPARED AGAINST NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS) SALARY SURVEYS. THESE SURVEYS ARE BASED ON BOTH A NATIONAL AND STATE-BY-STATE BASIS. THE R-MA FINANCIAL/AUDIT COMMITTEE REVIEWS THE DATA AND VIA THE BUDGET PROCESS, THE FULL BOARD OF TRUSTEES APPROVES THE SALARIES AND BENEFITS. Form 990, Part VI, Line 19 Required documents available to the public THE ACADEMY PROVIDES THE DOCUMENT UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in value of split interest agreements - -97820; Randolph-Macon Interest Holdings LLC 200 Academy Drive Front Royal VA 22630 Holding Company VA 0 0 Randolph-Macon academy