2011-11-21T14:18:55-06:00 2011-05-31 Metcalf Davis CPAs 3340 Peachtree Road NE Suite 2600 Atlanta GA 303261089 990 2010-06-01 580616994 Riverside Military Academy Inc RIVE 7705326251 2001 Riverside Drive Gainesville GA 30501 Kelly Smith 6782913366 2011-11-21 1 Susan Hill 4042641700 2011-11-21 2010 2016-02-24 21:20:13Z James H Benson Sr 2001 Riverside Drive Gainesville GA 30501 45588587 0 X www.riversidemilitary.com X 1907 GA The mission of Riverside Military Academy is to prepare ethical young men of character for success in college and in life through the provision of a rigorous academic program, leadership opportunities, competitive athletics, extensive co-curricular activities, and the structure and discipline inherent in a military college preparatory school environment. 20 20 198 100 0 0 661128 748417 9436109 11507164 -14423061 5039984 723543 2611540 -3602281 19907105 725790 1024438 0 0 6860962 6627270 0 0 353659 11532467 11948538 19119219 19600246 -22721500 306859 132411450 128832775 88760978 80838339 43650472 47994436 X The mission of Riverside Military Academy is to prepare ethical young men of character for success in college and in life through the provision of a rigorous academic program, leadership opportunities, competitive athletics, extensive co-curricular activities, and the structure and discipline inherent in a military college preparatory school environment. 0 0 6454745 1024438 11267770 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. 2064974 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. 8082896 906233 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. 16602615 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 8 0 198 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 GA X Kelly Smith CPA 7705382189 2001 Riverside Drive Gainesville GA 30501 Lucile Beaver 0.00 X 0 0 0 Frederick J Kennedy 1.00 X 0 0 0 Powell A Fraser 1.00 X 0 0 0 Charles A James 1.00 X 0 0 0 Richard M Nichols 1.00 X 0 0 0 Ira J Middleberg 1.00 X 0 0 0 Jeffrey S Weiner 1.00 X 0 0 0 O Jon McRae 1.00 X 0 0 0 Arnold B Evans 1.00 X 0 0 0 Daniel J Kaufman 1.00 X 0 0 0 Brian Daniel 1.00 X 0 0 0 Gregory Fisher 1.00 X 0 0 0 Bernard Freeman 1.00 X 0 0 0 Felix Gonzalez-Canto 1.00 X 0 0 0 Paul A Gross 1.00 X 0 0 0 C J Lail Jr 1.00 X 0 0 0 J Allen Nivens Jr 1.00 X 0 0 0 Margaret Blackstock 1.00 X 0 0 0 Carlos Cervantes 1.00 X 0 0 0 James Kalmensen 1.00 X 0 0 0 James H Benson Sr 70.00 X X 239671 0 900 Kelly M Smith 47.00 X 105621 0 13853 Amanda Griffin 47.00 X 126386 0 1585 471678 0 16338 3 0 1 0 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 6 748417 44949 748417 Tuition 611710 10902755 10902755 Summer Programs 611710 383940 383940 Auxilliary services 611710 220469 220469 11507164 2269479 2269479 1634 1634 1634 1634 27951367 20000 25198153 2709 2753214 17291 2770505 2770505 1147459 480620 666839 666839 Debt Retirement income 900099 1943067 1943067 1943067 19907105 12174003 0 6984685 1024438 1024438 481826 83634 211090 187102 4907736 4234313 600066 73357 270987 192745 64396 13846 507221 408825 98396 459500 367600 91900 1490 1490 25984 25984 375555 375555 98808 22910 75898 209369 209369 301061 257492 40514 3055 1401300 1331170 63332 6798 111847 66146 20781 24920 4065985 3849566 216419 2932710 2795696 137014 158045 145204 12841 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 19600246 16602615 2643972 353659 623373 487514 6048415 6048441 50975 139800 317818 706862 645569 534301 108955196 37583626 74007040 71371570 41983530 40169726 7421192 8065972 1313538 1308589 132411450 128832775 835951 978088 1052140 1364637 81650000 73560000 2600000 2600000 2622887 2335614 88760978 80838339 X 43237501 47387299 64570 256452 348401 350685 43650472 47994436 132411450 128832775 X 306859 4037105 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49404722 8681959 9850983 48235698 53065449 100000 4870725 8631452 49404722 81271302 -20403789 7802064 53065449 0.99420 0.00580 0 0 762559 762559 93217945 26916586 66301359 5101544 1941491 3160053 9873148 8725549 1147599 71371570 Altenative Investments 7256146 F Structured investments 809826 F 8065972 Bond Premium 1397081 Accrued bond interest payable 938533 2335614 19907105 19600246 306859 4034821 2284 4037105 4343964 23024837 4034821 482904 4517725 18507112 1399993 1399993 19907105 18680873 480620 480620 18200253 1399993 1399993 19600246 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Europe program services Study abroad 32293 0 0 0 32293 0 32293 0 0 0 0 0 0 1 Financial aid 146 1024438 Need-based reduction in tuition costs. Procedure for Monitoring Grants in the U.S.: Part I, Line 2: 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. X 1 0 X X 0 0 0 0 0 0 0 0 0 James H Benson Sr 178633 0 0 0 61038 0 900 0 0 0 240571 0 0 0 Part I, Line 1a The Superintendent/President currently lives in an off-campus house. He receives a $60,000 housing allowance. Gainesville Redevelopment Authority 581520209 362896AN2 2007-01-23 43370000 Refinance revenue bonds from 1999 and 2000 0 0 0 Gainesville Redevelopment Authority 581520209 362896AM4 2007-01-23 24225000 Refinance revenue bonds from 1999 and 2000 0 0 0 Gainesville Redevelopment Authority 581520209 362896AF9 2007-01-23 1400000 Refinance revenue bonds from 1999 and 2000 0 0 0 Gainesville Redevelopment Authority 581520209 362896AG7 2007-01-23 1555000 Refinance revenue bonds from 1999 and 2000 0 0 0 2007 0 0 0 0 2007 0 0 0 0 2007 0 0 0 0 2007 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule K Supplental Information On January 23, 2007, the Gainesville Redevelopment Authority issued "Gainesville Redevelopment Authority Educational Facilities Refunding Revenue Bonds (Riverside Military Academy, Inc. Project) Series 2007" to the Academy. The proceeds from this bond issue were used to refinance revenue bonds issued by the Gainesville Redevelopment Authority in 1999 and 2000. Gainesville Redevelopment Authority 581520209 362896AH5 2007-01-23 1630000 Refinance revenue bonds from 1999 and 2000 0 0 0 Gainesville Redevelopment Authority 581520209 362896AJ1 2007-01-23 1715000 Refinance revenue bonds from 1999 and 2000 0 0 0 Gainesville Redevelopment Authority 581520209 362896AK8 2007-01-23 1800000 Refinance revenue bonds from 1999 and 2000 0 0 0 Gainesville Redevelopment Authority 581520209 362896AL6 2007-01-23 5955000 Refinance revenue bonds from 1999 and 2000 0 0 0 2007 0 0 0 0 2007 0 0 0 0 2007 0 0 0 0 2007 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 5273 FMV X Carpet 1 6400 FMV X Miscellaneous 1 6164 FMV X Energy monitoring equipment 1 27112 FMV 0 0 0 Form 990, Part VI, Section B, line 11 Prior to filing the Form 990 with the IRS, the Board of Trustees received a copy of the Form 990 electronically. Ten business days were provided for resolving questions and comments before filing the final Form 990 with the IRS. Form 990, Part VI, Section B, line 12c Employees must disclose any conflicts on an annual basis. Form 990, Part VI, Section B, line 15a The board reviews and approves compensation for top management. Form 990, Part VI, Section C, line 19 All governing documents are available from the organization upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized 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.