RIVERSIDE MILITARY ACADEMY INC Charity Report

Public IRS 990 nonprofit record

RIVERSIDE MILITARY ACADEMY INC

EIN 58-0616994 · Education (B250)

What they do

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-CURRICULARS, and THE STRUCTURE and DISCIPLINE INHERENT IN A MILITARY COLLEGE PREPARATORY SCHOOL ENVIRONMENT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

145.98%of revenue went to mission work80.2% of expenses · Program services

3.36%of revenue went to fundraising1.8% of expenses

$176.93spent for every $100 of revenueSpending was higher than revenue this year.

32.74%of revenue went to management and office costs18.0% of expenses

$2.77in assets for every $1 spent this yearSome assets cannot be spent right away.

8.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $9,101,909 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $348,683 for STANLEY C PRECZEWSKI (PRESIDENT THRU 5/31/2024). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$11,497,015

Mission workProgram services$16,783,217145.98% of revenue80.2% of expenses

ManagementOffice and general costs$3,764,21932.74% of revenue18.0% of expenses

FundraisingAsking for donations$385,9503.36% of revenue1.8% of expenses

Total expenses$20,933,386182.08% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 80.2% mission · 18.0% management · 1.8% fundraisingTotal expenses: 182.08% of revenue

2022Expense mix: 78.9% mission · 19.2% management · 1.9% fundraisingTotal expenses: 148.17% of revenue

2021Expense mix: 78.7% mission · 19.7% management · 1.5% fundraisingTotal expenses: 101.11% of revenue

2020Expense mix: 81.6% mission · 16.5% management · 1.9% fundraisingTotal expenses: 98.51% of revenue

2019Expense mix: 83.3% mission · 14.6% management · 2.1% fundraisingTotal expenses: 125.96% of revenue

2015Expense mix: 87.9% mission · 10.1% management · 2.0% fundraisingTotal expenses: 104.95% of revenue

Money in and money out

Revenue$11,831,477

Expenses$20,933,386

Annual shortfall $9,101,909 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$16,783,217 · 80.2% of expenses

Management and office costs$3,764,219 · 18.0% of expenses

Fundraising$385,950 · 1.8% of expenses

See all reported dollar amounts

Revenue$11,831,477

Expenses$20,933,386

Assets$57,931,153

Income$18,039,143

Contributions$1,008,022

Mission work (program services)$16,783,217

Fundraising$385,950

Management and general$3,764,219

Stocks and bonds$11,970,189

Accounting fees$68,750

Investing fees$32,904

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

STANLEY C PRECZEWSKIPRESIDENT THRU 5/31/2024 · 53 hrs/week $348,683Base $329,124 · Other $19,559

ELLEN G DEFOORVP OF ADVANCEMENT · 53 hrs/week $181,820Base $162,629 · Other $19,191

ROBERT B DANIELEXECUTIVE VP / INCOMING PRES · 53 hrs/week $176,988Base $161,897 · Other $15,091

LAURA A MAXWELLFORMER CFO - THRU 7/7/23 · 53 hrs/week $152,090Base $129,280 · Other $22,810

ADAM CARTERDEPUTY COMMANDANT · 53 hrs/week $151,796Base $124,874 · Other $26,922

RENDER MITCHELLVP OF ENROLLMENT MANAGEMENT · 53 hrs/week $150,949Base $121,027 · Other $29,922

JONATHAN POOLEYCOMMANDANT · 53 hrs/week $144,520Base $126,256 · Other $18,264

DAVID LEESENIOR ARMY INSTRUCTOR · 53 hrs/week $132,428Base $128,580 · Other $3,848

RICHARD CRUMLEYACADEMIC DEAN · 53 hrs/week $126,658Base $124,874 · Other $1,784

EMMETT B FORRESTERCFO - AS OF 9/1/23 · 53 hrs/week $86,046Base $77,191 · Other $8,855

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (25)

STANLEY C PRECZEWSKIPRESIDENT THRU 5/31/2024

ELLEN G DEFOORVP OF ADVANCEMENT

ROBERT B DANIELEXECUTIVE VP / INCOMING PRES

LAURA A MAXWELLFORMER CFO - THRU 7/7/23

ADAM CARTERDEPUTY COMMANDANT

RENDER MITCHELLVP OF ENROLLMENT MANAGEMENT

JONATHAN POOLEYCOMMANDANT

DAVID LEESENIOR ARMY INSTRUCTOR

RICHARD CRUMLEYACADEMIC DEAN

EMMETT B FORRESTERCFO - AS OF 9/1/23

JOHN JETTE CAMPBELLTRUSTEE

ZAK HAQUETRUSTEE

WILLIAM B CARR JRTRUSTEE

WHITNEY H OWENSTRUSTEE

RUBEN A BARAHONATRUSTEE

JONATHAN A POPETRUSTEE

JOHN W JACOBS IIISECRETARY

JAMES R VAN ARSDALETRUSTEE

FOSTER BACHSCHMIDTTRUSTEE

ERNEST T LOPEZ IIITRUSTEE

DREW W HORNERTRUSTEE

DR LARRY JEFFREY PAYNETRUSTEE

DANIEL J KAUFMAN PHDCHAIRMAN

ANTHONY M HERDENERVICE CHAIRMAN, TREASURER

ANDREW ZAGERTRUSTEE

About this charity

Recognized since: January 1941
Location: 2001 RIVERSIDE DR, GAINESVILLE, GA 30501-1227
County: Hall
In care of: % EMMETT B FORRESTER
Primary officer: ROBERT B DANIEL, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailapply@riversideprep.org Phone(770) 532-6251 Officer phone(770) 538-2189

Filing and classification

Latest tax year: 2023
Tax period began: June 1, 2023
Return type: 990
Tax preparer: SMITH & HOWARD ADVISORY LLC
NTEE classification: Education (B250)