RIVERSIDE MILITARY ACADEMY INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- RIVERSIDE MILITARY ACADEMY INC (EIN 58-0616994)
- Tax period
- 2010-06-01 to 2011-05-31
- Filed
- 2011-11-21
- IRS object ID
- 201123259349300427
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-21T14:18:55-06:00 | Timestamp |
| Tax Period End Date | 2011-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Metcalf Davis CPAs | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3340 Peachtree Road NE Suite 2600 | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 303261089 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580616994 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Riverside Military Academy Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | RIVE | NameControl |
| Phone | 7705326251 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Riverside Drive | AddressLine1 |
| City | Gainesville | City |
| State | GA | State |
| ZIP Code | 30501 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Kelly Smith | Name |
| Title | Chief Financial Officer | Title |
| Phone | 6782913366 | Phone |
| Date Signed | 2011-11-21 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Susan Hill | Name |
| Phone | 4042641700 | Phone |
| Date Prepared | 2011-11-21 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | James H Benson Sr | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Riverside Drive | AddressLine1 |
| City | Gainesville | City |
| State | GA | State |
| ZIP Code | 30501 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 45588587 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.riversidemilitary.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1907 | YearFormation |
| State Legal Domicile | GA | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 198 | TotalNbrEmployees |
| Total Nbr Volunteers | 100 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 661128 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 748417 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 9436109 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 11507164 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -14423061 | InvestmentIncomePriorYear |
| Investment Income Current Year | 5039984 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 723543 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2611540 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | -3602281 | TotalRevenuePriorYear |
| Total Revenue Current Year | 19907105 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 725790 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1024438 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6860962 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6627270 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 353659 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 11532467 | OtherExpensePriorYear |
| Other Expenses Current Year | 11948538 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 19119219 | TotalExpensesPriorYear |
| Total Expenses Current Year | 19600246 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -22721500 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 306859 | RevenuesLessExpensesCY |
| Total Assets BOY | 132411450 | TotalAssetsBOY |
| Total Assets EOY | 128832775 | TotalAssetsEOY |
| Total Liabilities BOY | 88760978 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 80838339 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 43650472 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 47994436 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 6454745 | Expense |
| Grants | 1024438 | Grants |
| Revenue | 11267770 | Revenue |
| Description | Instructional - Riverside Military Academy (RMA) is an all-boys college preparatory boarding school serving students in grades 7-12. There are approximately 400 cadets from about 25 states and 13 countries. The average class size is 14 students. This individualized attention and highly structured environment prepares the cadets for college, military service, or success in many occupational fields. Of the 54 seniors, 52 are attending/were accepted to over 90 different colleges/universities. Two of the graduating cadets from the class of 2011 received appointments to the United States Military Academy at West Point. Each of these cadets will receive a four-year education valued at $450,000. Two cadets entered military service (Marines) 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 40 faculty members, and over 70% of these have advanced degrees. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2064974 | Expense |
| Description | Athletics - RMA competes in five Junior Varsity and three Prep level sports. The Academy also competes within Region 8-A of the Georgia High School Association (GHSA) in 12 varsity level sports. The golf team was the region champions and advanced to the state playoffs. The golf and soccer teams all advanced to the state playoffs with wrestling, track, and tennis sending individuals to the state playoffs. In total, 138 cadets received letters in varsity sports. After a five-year hiatus, the crew team has been reestablished and began competition in the 2010-11 school year. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 8082896 | Expense |
| Revenue | 906233 | Revenue |
| Description | 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, bookstore, swimming pool, tennis courts, and lighted athletic fields. The school offers 20 different clubs and activities for cadets to participate. The school cafeteria provides three meals a day Monday-Saturday and two meals on Sunday. They serve all of the cadets and approximately 50 members of the faculty and staff. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 16602615 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 8 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 198 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kelly Smith CPA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7705382189 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Riverside Drive | AddressLine1 |
| City | Gainesville | City |
| State | GA | State |
| ZIP Code | 30501 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|
| Lucile Beaver | |||||||
| Emerita | 0.00 | X | 0 | 0 | 0 | ||
| Frederick J Kennedy | |||||||
| Vice Chairman | 1.00 | X | 0 | 0 | 0 | ||
| Powell A Fraser | |||||||
| Chairman | 1.00 | X | 0 | 0 | 0 | ||
| Charles A James | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Richard M Nichols | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Ira J Middleberg | |||||||
| Treasurer | 1.00 | X | 0 | 0 | 0 | ||
| Jeffrey S Weiner | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| O Jon McRae | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Arnold B Evans | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Daniel J Kaufman | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Brian Daniel | |||||||
| Secretary | 1.00 | X | 0 | 0 | 0 | ||
| Gregory Fisher | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Bernard Freeman | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Felix Gonzalez-Canto | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Paul A Gross | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| C J Lail Jr | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| J Allen Nivens Jr | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Margaret Blackstock | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Carlos Cervantes | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| James Kalmensen | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| James H Benson Sr | |||||||
| President | 70.00 | 239671 | 0 | 900 | X | X | |
| Kelly M Smith | |||||||
| Chief Financial Officer | 47.00 | 105621 | 0 | 13853 | X | ||
| Amanda Griffin | |||||||
| Vice President of Advancem | 47.00 | 126386 | 0 | 1585 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 471678 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 16338 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Aramark | |||||
| 2001 Riverside Drive | Gainesville | GA | 30501 | Cafeteria / Food Service | 922864 |
| RMA Cadet Laundry | |||||
| 3292 Thompson Bridge Road | Gainesville | GA | 30506 | Laundry service | 462522 |
| Neuberger Berman Wealth Management | |||||
| 620 Newport Center Drive Suite 250 | Newport Beach | CA | 92660 | Investment Services | 211227 |
| Steering Partner | |||||
| 3000 Freedom Drive | Martin | GA | 30557 | Student Recruitment | 136333 |
| J Geyer Advertising | |||||
| PO Box 5595 | Gainesville | GA | 30504 | Bookstore Inventory & Athletic Uniforms | 100325 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| All Other Contributions | 748417 | AllOtherContributions |
| Noncash Contributions | 44949 | NoncashContributions |
| Total Contributions | 748417 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition | 611710 | 10902755 | 10902755 |
| Summer Programs | 611710 | 383940 | 383940 |
| Auxilliary services | 611710 | 220469 | 220469 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 11507164 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2269479 | TotalRevenueColumn |
| Exclusion | $2,269,479 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1634 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1634 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1634 | TotalRevenueColumn |
| Exclusion | $1,634 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 27951367 | Securities |
| Other | 20000 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 25198153 | Securities |
| Other | 2709 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2753214 | Securities |
| Other | 17291 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2770505 | TotalRevenueColumn |
| Exclusion | $2,770,505 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 1147459 | GrossSalesOfInventory |
| Cost Of Goods Sold | 480620 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 666839 | TotalRevenueColumn |
| Related Or Exempt Function Income | 666839 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Debt Retirement income | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 1943067 | TotalRevenueColumn |
| Exclusion | $1,943,067 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1943067 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19907105 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12174003 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $6,984,685 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1024438 | Total |
| Program Services | 1024438 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 481826 | Total |
| Program Services | 83634 | ProgramServices |
| Management And General | 211090 | ManagementAndGeneral |
| Fundraising | 187102 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4907736 | Total |
| Program Services | 4234313 | ProgramServices |
| Management And General | 600066 | ManagementAndGeneral |
| Fundraising | 73357 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 270987 | Total |
| Program Services | 192745 | ProgramServices |
| Management And General | 64396 | ManagementAndGeneral |
| Fundraising | 13846 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 507221 | Total |
| Program Services | 408825 | ProgramServices |
| Management And General | 98396 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 459500 | Total |
| Program Services | 367600 | ProgramServices |
| Management And General | 91900 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1490 | Total |
| Management And General | 1490 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25984 | Total |
| Management And General | 25984 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 375555 | Total |
| Management And General | 375555 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98808 | Total |
| Program Services | 22910 | ProgramServices |
| Management And General | 75898 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 209369 | Total |
| Management And General | 209369 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 301061 | Total |
| Program Services | 257492 | ProgramServices |
| Management And General | 40514 | ManagementAndGeneral |
| Fundraising | 3055 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1401300 | Total |
| Program Services | 1331170 | ProgramServices |
| Management And General | 63332 | ManagementAndGeneral |
| Fundraising | 6798 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111847 | Total |
| Program Services | 66146 | ProgramServices |
| Management And General | 20781 | ManagementAndGeneral |
| Fundraising | 24920 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4065985 | Total |
| Program Services | 3849566 | ProgramServices |
| Management And General | 216419 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2932710 | Total |
| Program Services | 2795696 | ProgramServices |
| Management And General | 137014 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 158045 | Total |
| Program Services | 145204 | ProgramServices |
| Management And General | 12841 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Food services | 782775 | 782775 | 0 | 0 |
| Other expense | 616474 | 252301 | 345602 | 18571 |
| Laundry fees | 450706 | 450706 | 0 | 0 |
| Library, textbooks, and | 307072 | 227737 | 53325 | 26010 |
| Student Activities | 109357 | 109357 | 0 | 0 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19600246 | Total |
| Program Services | 16602615 | ProgramServices |
| Management And General | 2643972 | ManagementAndGeneral |
| Fundraising | 353659 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 623373 | BOY |
| EOY | 487514 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6048415 | BOY |
| EOY | 6048441 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50975 | BOY |
| EOY | 139800 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 317818 | BOY |
| EOY | 706862 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 645569 | BOY |
| EOY | 534301 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 108955196 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 37583626 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74007040 | BOY |
| EOY | 71371570 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41983530 | BOY |
| EOY | 40169726 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7421192 | BOY |
| EOY | 8065972 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1313538 | BOY |
| EOY | 1308589 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132411450 | BOY |
| EOY | 128832775 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 835951 | BOY |
| EOY | 978088 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1052140 | BOY |
| EOY | 1364637 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81650000 | BOY |
| EOY | 73560000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2600000 | BOY |
| EOY | 2600000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2622887 | BOY |
| EOY | 2335614 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88760978 | BOY |
| EOY | 80838339 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43237501 | BOY |
| EOY | 47387299 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64570 | BOY |
| EOY | 256452 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 348401 | BOY |
| EOY | 350685 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43650472 | BOY |
| EOY | 47994436 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132411450 | BOY |
| EOY | 128832775 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 306859 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 4037105 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 49404722 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 8681959 | InvestmentEarningsOrLosses |
| Other Expenditures | 9850983 | OtherExpenditures |
| End Of Year Balance | 48235698 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 53065449 | BeginningOfYearBalance |
| Contributions | 100000 | Contributions |
| Investment Earnings Or Losses | 4870725 | InvestmentEarningsOrLosses |
| Other Expenditures | 8631452 | OtherExpenditures |
| End Of Year Balance | 49404722 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 81271302 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -20403789 | InvestmentEarningsOrLosses |
| Other Expenditures | 7802064 | OtherExpenditures |
| End Of Year Balance | 53065449 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.99420 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.00580 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 762559 | OtherCostOrOtherBasis |
| Book Value | 762559 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 93217945 | OtherCostOrOtherBasis |
| Depreciation | 26916586 | Depreciation |
| Book Value | 66301359 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5101544 | OtherCostOrOtherBasis |
| Depreciation | 1941491 | Depreciation |
| Book Value | 3160053 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9873148 | OtherCostOrOtherBasis |
| Depreciation | 8725549 | Depreciation |
| Book Value | 1147599 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 71371570 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Altenative Investments | 7256146 | F |
| Structured investments | 809826 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 8065972 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Bond Premium | $1,397,081 |
| Accrued bond interest payable | $938,533 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2335614 | TotalOfAmounts |
| Total Revenue | 19907105 | TotalRevenue |
| Total Expenses | 19600246 | TotalExpenses |
| Excess Or Deficit For Year | 306859 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 4034821 | NetUnrealizedGLOnInvestments |
| Other | $2,284 | OtherAmount |
| Total Adjustments | 4037105 | TotalAdjustments |
| Excess Or Deficit Per FS | 4343964 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 23024837 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 4034821 | NetUnrealizedGainsInvestments |
| Other Revenues | 482904 | OtherRevenues |
| Revenue Not Rptd F990 | 4517725 | RevenueNotRptdF990 |
| Revenue Subtotal | 18507112 | RevenueSubtotal |
| Other Revenues Not Included | 1399993 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1399993 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 19907105 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 18680873 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 480620 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 480620 | ExpensesNotRptdF990 |
| Expenses Subtotal | 18200253 | ExpensesSubtotal |
| Other Expenses Not Included | 1399993 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1399993 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 19600246 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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, 2011 and 2010 and, accordingly, no liability has been accrued. |
| Part XI, Line 8 - Other Adjustments: | Unrealized gain/loss on beneficial interest in perpetual trust 2,284. | |
| Part XII, Line 2d - Other Adjustments: | Cadet store cost of goods sold 480,620. Gain on beneficial interest in perpetual trust 2,284. | |
| Part XII, Line 4b - Other Adjustments: | Financial aid 1,024,438. Advisory fees included in dividend income 375,555. | |
| Part XIII, Line 2d - Other Adjustments: | Cadet store cost of goods sold 480,620. | |
| Part XIII, Line 4b - Other Adjustments: | Financial aid 1,024,438. Advisory fees included in dividend income 375,555. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Europe | Region |
| Type Of Activities Conducted | program services | TypeOfActivitiesConducted |
| Specific Services Provided | Study abroad | SpecificServicesProvided |
| Total Expenditures | 32293 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 32293 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 32293 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Financial aid | TypeOfGrant |
| Number Of Recipients | 146 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 1024438 | AmountOfNonCashAssistance |
| Description Of Non Cash Assistance | Need-based reduction in tuition costs. | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 0 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | James H Benson Sr | NamePerson |
| Base Compensation Filing Org | 178633 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 61038 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 900 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 240571 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 1a | ReturnReference |
| Explanation | The Superintendent/President currently lives in an off-campus house. He receives a $60,000 housing allowance. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| 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 |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|
| 2007 | 0 | 0 | 0 | 0 |
| 2007 | 0 | 0 | 0 | 0 |
| 2007 | 0 | 0 | 0 | 0 |
| 2007 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule K Supplental Information | Identifier |
| Explanation | 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. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| 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 |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|
| 2007 | 0 | 0 | 0 | 0 |
| 2007 | 0 | 0 | 0 | 0 |
| 2007 | 0 | 0 | 0 | 0 |
| 2007 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 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 M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 5273 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Carpet | 1 | 6400 | FMV |
| X | Miscellaneous | 1 | 6164 | FMV |
| X | Energy monitoring equipment | 1 | 27112 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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. | |
| Employees must disclose any conflicts on an annual basis. | Form 990, Part VI, Section B, line 12c | |
| The board reviews and approves compensation for top management. | Form 990, Part VI, Section B, line 15a | |
| All governing documents are available from the organization upon request. | Form 990, Part VI, Section C, line 19 | |
| Changes in Net Assets or Fund Balances: | Net unrealized gains on investments: 4,034,821. Unrealized gain/loss on beneficial interest in perpetual trust 2,284. Total to Form 990, Part XI, Line 5: 4,037,105. | Form 990, Part XI, line 5: |