Rabun Gap-Nacoochee School
- Assets
- $105.0m
- Revenue
- $32.4m
- Investments
- $4.3m
- Employees
- 289
- 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 06/2021, Rabun Gap-Nacoochee School employed 289 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 organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $30.3m during the year ending 06/2021. While expenses have increased by 6.3% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RABUN GAP - NACOOCHEE SCHOOL COMBINES ITS STRONG ACADEMIC PROGRAM, MOUNTAIN SETTING, AND PRESBYTERIAN HERITAGE TO INSPIRE YOUNG PEOPLE EAGER TO LEARN AND GROW.
Describe the Organization's Program Activity:
INSTRUCTION - RABUN GAP - NACOOCHEE SCHOOL IS A 118-PLUS 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. PLEASE REFER TO SCHEDULE O FOR MORE DETAILS ON THIS PROGRAM.
AUXILIARY SERVICES - RGNS PROVIDES RESIDENTIAL HOUSING IN SEVEN RESIDENCE HALLS ON THE 1,400 ACRE CAMPUS FOR THE BOARDING STUDENTS WHO MAKE UP OVER 50 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 215,000 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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Miles Head Of School | Officer | 40 | $239,035 |
Paige Spivey Director Of Advancement | Officer | 40 | $157,675 |
Anne Forrest Prim Director Of Hr And Op | Officer | 40 | $119,310 |
Robert Carton Chief Financial Officer | Officer | 40 | $50,180 |
Jennifer Moore Director Of Budget & Finance | Officer | 40 | $44,180 |
Mr Jon Barnwell Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Food Service Food Services | 6/29/20 | $1,533,159 |
Smith Howard Accounting | 6/29/20 | $186,410 |
Sage Food Service Food Services | 6/29/20 | $1,533,159 |
Smith Howard Accounting | 6/29/20 | $186,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,635,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,999,784 |
| Noncash contributions included in lines 1a–1f | $114,012 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,635,484 |
| Total Program Service Revenue | $21,881,440 |
| 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 organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $635,861 |
| 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 | $1,043,575 |
| 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 |
| Net Land, buildings, and equipment | $29,239,915 |
| 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 | $46,766,233 |
| Net assets with donor restrictions | $34,831,418 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $105,001,665 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Rabun Gap-Nacoochee School has recieved totaling $204,442.
| Awarding Organization | Amount |
|---|---|
J J Jackson Tr Uw Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $37,498 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $32,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $31,841 |
Tuw Karl M Brawner Charitble Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $16,964 |
Thurman Waldrop Charitable Tr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $15,890 |
Louise Ramsey Gallant Tr Fund Columbus, GA PURPOSE: PROVIDE SUPPORT TO THE GENERAL FUND | $12,257 |
Endowment Analysis
| Beg. Balance | $35,151,989 |
| Earnings | $3,233,490 |
| Net Contributions | $1,570,462 |
| Other Expense | $8,881,525 |
| Ending Balance | $31,074,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Andrews School Of Boca Raton Inc Boca Raton, FL | $86,373,097 | $47,728,671 |
Lake Highland Preparatory School Inc Orlando, FL | $87,682,705 | $57,464,181 |
The Baylor School Chattanooga, TN | $270,105,763 | $47,683,171 |
University Of Nashville Montgomery Bell Academy Nashville, TN | $303,405,415 | $41,667,135 |
Montverde Academy Montverde, FL | $55,272,335 | $32,301,917 |
Rabun Gap-Nacoochee School Rabun Gap, GA | $105,001,665 | $32,375,355 |
Palmer Trinity Private School Inc Palmetto Bay, FL | $91,390,503 | $34,552,191 |
Episcopal School Of Jacksonville Inc Jacksonville, FL | $51,998,988 | $26,337,584 |
Belen Jesuit Preparatory School Inc Miami, FL | $43,846,695 | $27,791,869 |
Tallulah Falls School Inc Tallulah Falls, GA | $76,684,503 | $23,311,796 |
Cary Academy Cary, NC | $92,134,722 | $26,213,526 |
Whitefield Academy Inc Mableton, GA | $76,378,322 | $24,777,271 |