Rabun Gap-Nacoochee School
- Assets
- $105.0m
- Revenue
- $32.4m
- Investments
- $4.3m
- Employees
- 349
- Location
- Rabun Gap, GA
- Founding
- 09/1942
- Data as of
- 06/2021
- EIN
- 58-0593430
Organization Overview
Rabun Gap-Nacoochee School is located in Rabun Gap, GA. The organization was established in 1942. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Rabun Gap-Nacoochee School employed 349 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rabun Gap-Nacoochee School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Rabun Gap-Nacoochee School generated $32.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $30.3m during the year ending 06/2021. While expenses have increased by 5.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RABUN GAP-NACOOCHEE SCHOOL PREPARES YOUNG PEOPLE FOR COLLEGE, CAREER AND A LIFETIME OF LEADERSHIP AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - 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 680 STUDENTS FROM 56 COUNTRIES AND 15 STATES FOR THE CURRENT FISCAL YEAR WITH AN AVERAGE CLASS SIZE OF 12. (PLEASE SEE SCH O FOR THE FULL ACTIVITY #1 DESCRIPTION)
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 STUDY ROOMS, KITCHENS, LAUNDRY ROOMS, VENDING MACHINES, AND COMMON AREAS. THE DINING HALL SERVES OVER 250,000 MEALS ON AN ANNUAL BASIS. IN ADDITION, THE STUDENT CENTER, CAMPUS STORE, EXERCISE ROOM, AND CENTRAL POSTAL SERVICES OPERATE FOR THE BENEFIT OF THE STUDENTS AND FACULTY.
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 WHO PARTICIPATE IN THE PROGRAMS AT ALL THREE DIVISIONS. THE OUTDOOR PROGRAM AND OTHER CAMPUS ORGANIZATIONS FURTHER STUDENT'S OPPORTUNITIES FOR GROWTH AND DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Miles Head Of School | Officer | 40 | $309,471 |
Paige Spivey Associate Hos For Advancement | Officer | 40 | $162,415 |
Scott Carlson Chief Financial Officer | Officer | 40 | $123,165 |
Anne Forrest Prim COO (thru April 2023) | Officer | 40 | $117,821 |
Frederick Allen Trustee | Trustee | 1 | $0 |
J Paul Austin III Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenville Newscitizen-times Advertising | 6/29/23 | $129,915 |
Sage Dining Services Inc Food Services | 6/29/23 | $2,198,195 |
Pro Turf Landscape Maintenance L Landscaping | 6/29/23 | $104,445 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,635,484 |
| Investment income | $1,824,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$16,114 |
| Net Gain/Loss on Asset Sales | $866,190 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,351 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,375,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,514,119 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,235,966 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $735,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,985,069 |
| Pension plan accruals and contributions | $206,748 |
| Other employee benefits | $1,071,628 |
| Payroll taxes | $632,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $122,931 |
| Fees for services: Accounting | $119,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $130,524 |
| Fees for services: Other | $121,634 |
| Advertising and promotion | $204,852 |
| Office expenses | $40,752 |
| Information technology | $137,336 |
| Royalties | $0 |
| Occupancy | $1,279,936 |
| Travel | $145,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,557 |
| Interest | $194,270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,724,532 |
| Insurance | $413,536 |
| All other expenses | $0 |
| Total functional expenses | $30,260,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $652,611 |
| Savings and temporary cash investments | $5,688,512 |
| Pledges and grants receivable | $386,206 |
| Accounts receivable, net | $9,435,320 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $103,356 |
| Prepaid expenses and deferred charges | $276,956 |
| Investments—publicly traded securities | $29,386,722 |
| Investments—other securities | $4,325,281 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,506,786 |
| Total assets | $105,001,665 |
| Accounts payable and accrued expenses | $880,193 |
| Grants payable | $0 |
| Deferred revenue | $13,229,721 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,260,417 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,683 |
| Total liabilities | $23,404,014 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $81,597,651 |