Rabun Gap-Nacoochee School

Tax-deductible

Rabun Gap, GA501(c)(3)Since 1903EducationEIN 58-0593430

Rabun gap-nacoochee school prepares young people for college, career and a lifetime of leadership and service.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 200 volunteers and 310 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $1.5M a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 3% of spending
Top officer’s pay higher than 82% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $941K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$27.2M
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 18 voting members
Looks good: 16 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33.1M
-9% vs prior year
Spent
$35.0M
To programs
87%
Net assets
$86.1M
By yearFY2020–FY2025
Revenue
$33.1M
FY2025▼ -9%
Revenue by fiscal year
FY2020$24.6M
FY2021$32.4M
FY2022$40.8M
FY2023$32.4M
FY2024$36.2M
FY2025$33.1M
Expenses
$35.0M
FY2025▲ +4%
Expenses by fiscal year
FY2020$26.3M
FY2021$30.3M
FY2022$31.9M
FY2023$33.0M
FY2024$33.8M
FY2025$35.0M
Net assets
$86.1M
FY2025▲ +0.8%
Net assets by fiscal year
FY2020$69.4M
FY2021$81.6M
FY2022$80.7M
FY2023$81.4M
FY2024$85.4M
FY2025$86.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1942.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $30.5M Management & general 11% · $3.7M Fundraising 2% · $799K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

23 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$413,838Pt VII · Sec A
Associate Hos for Advancement
$177,894Pt VII · Sec A
Chief Financial Officer
$170,655Pt VII · Sec A
Director of Admissions
$131,075Pt VII · Sec A
Associate Hos Operations
$127,404Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Jeffrey Miles’s $414K as Head of School is at the 82nd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeffrey Miles$413,838$316,507$309,471$307,521——
Jeff Miles————$239,035$108,691
Anthony Sgro—————$221,100
Paige Spivey$177,894$170,944$162,415$166,127——
Scott Carlson$170,655$162,621$123,165———
Paige Spivey————$157,675$143,282
Cortney Dowdle$131,075$114,462————
Erika Farr$127,404$114,276————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares young people for college, career, leadership, and service.

Provided by the organization

This section is blank until Rabun Gap-Nacoochee School claims this page.

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3 program services account for $30.5M of program spending, described in the organization's own filed words · FY2024.
01

Instruction

Rabun Gap - Nacoochee School is a more than 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.

$27.7Mprogram expense
02

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.

$1.5Mprogram expense
03

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…

$1.2Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Grants paid · 3 grants · $15.0M · 2019–2021
Unitemized GrantFY2021$5,571,042
Unitemized GrantFY2020$5,514,119
Unitemized GrantFY2019$3,942,033

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$33.1M
Ln 12
Fees for servicesLn 2g$27.6M
Investment incomeLn 3$3.5M
Gifts and grantsLn 1h$1.7M
Money outPt IX
$35.0M
Ln 25
Programscol B$30.5M
Managementcol C$3.7M
Fundraisingcol D$799K
Owns and owesPt X
$86.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$113.4M
LiabilitiesLn 26$27.2M
PeoplePt VI, VII
23
listed · VII A
PaidVII A5
Voting boardVI 1a18
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Noncash giftsLn 1g$14K
Fundraising eventsLn 1c$200K
Fees for servicesLn 2g$27.6M
Investment incomeLn 3$3.5M
Other incomeLn 4–11$329K
Gains on assetsLn 7$1.3M
Total revenueLn 12$33.1M
Assets in detailPt X, end of year
CashLn 1$686K
SavingsLn 2$2.8M
Cash and savings togetherLn 1–2$3.5M
InvestmentsLn 11–13$35.8M
Land, buildings, equipmentLn 10c$33.4M
Other assetsLn 15$25.9M
Total assetsLn 16$113.4M
LiabilitiesLn 26$27.2M
Net assetsLn 32$86.1M
OperationsPt I, VI
EmployeesI 5310
VolunteersI 6200
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3.0M$3.5M
InvestmentsLn 11–13$35.6M$35.8M
Land, buildings, equipmentLn 10c$33.8M$33.4M
Total assetsLn 16$111.5M$113.4M
LiabilitiesLn 26$26.1M$27.2M
Net assetsLn 32$85.4M$86.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$6.0M$6.0M
Grants and assistance to foreign recipientsLn 3$6.1M$6.1M
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.2M$940K$229K$59K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$10.1M$7.7M$1.9M$486K
Pension plan contributionsLn 8$294K$225K$55K$14K
Other employee benefitsLn 9$926K$709K$173K$45K
Payroll taxesLn 10$680K$520K$127K$33K
Management feesLn 11a$0
Legal feesLn 11b$87K$87K
Accounting feesLn 11c$102K$102K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$98K$98K
Other fees for servicesLn 11g$526K$184K$316K$26K
Advertising and promotionLn 12$244K$106K$138K$0
Office expensesLn 13$198K$70K$107K$21K
Information technologyLn 14$185K$65K$100K$20K
RoyaltiesLn 15$0
OccupancyLn 16$1.4M$1.3M$20K$10K
TravelLn 17$514K$503K$8K$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$16K$16K$241$120
InterestLn 20$208K$204K$3K$2K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2.2M$2.2M$34K$17K
InsuranceLn 23$546K$515K$24K$6K
Other expenses (24a–d)Ln 24$3.3M$3.0M$223K$53K
All other expensesLn 24e$37K$13K$20K$4K
Total functional expensesLn 25$35.0M$30.5M$3.7M$799K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $33.1M$35.0M−$1.9M$86.1M 990 PDF
FY2024 $36.2M$33.8M$2.4M$85.4M 990 PDF
FY2023 $32.4M$33.0M−$594K$81.4M 990 PDF
FY2022 $40.8M$31.9M$8.9M$80.7M 990 PDF
FY2021 $32.4M$30.3M$2.1M$81.6M 990 PDF
FY2020 $24.6M$26.3M−$1.7M$69.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $33,069,429 across 12 lines filed
Lines not itemized here account for $48,087 of total revenue; see the IRS return.
VIII-1c Fundraising events$199,872
VIII-1f All other contributions, gifts and grants$1,503,571
VIII-1g Noncash contributions (included above)$14,229
VIII-1h Total contributions, gifts and grants$1,703,443
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $27,582,902$27,582,902
VIII-3 Investment incomeUnrelated business $1,121 · Excluded from tax $2,200,661$2,201,782
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $312,522$312,522
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,252,369$1,252,369
VIII-8 Net income from fundraising eventsExcluded from tax −$33,176−$33,176
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,500$1,500
VIII-12 Total revenueRelated to mission $27,582,902 · Unrelated business $1,121 · Excluded from tax $3,781,963$33,069,429
Part IX · Statement of functional expenses $34,998,442 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $6,001,226$6,001,226
IX-3 Grants and assistance to foreign recipientsPrograms $6,144,299$6,144,299
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $940,179 · Management $229,007 · Fundraising $59,106$1,228,292
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $7,734,805 · Management $1,884,027 · Fundraising $486,261$10,105,093
IX-8 Pension plan contributionsPrograms $225,333 · Management $54,886 · Fundraising $14,166$294,385
IX-9 Other employee benefitsPrograms $708,699 · Management $172,624 · Fundraising $44,554$925,877
IX-10 Payroll taxesPrograms $520,365 · Management $126,750 · Fundraising $32,714$679,829
IX-11a Management fees$0
IX-11b Legal feesManagement $86,925$86,925
IX-11c Accounting feesManagement $102,153$102,153
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $98,094$98,094
IX-11g Other fees for servicesPrograms $183,856 · Management $315,720 · Fundraising $26,265$525,841
IX-12 Advertising and promotionPrograms $105,891 · Management $137,768 · Fundraising $0$243,659
IX-13 Office expensesPrograms $69,954 · Management $107,298 · Fundraising $21,000$198,252
IX-14 Information technologyPrograms $65,109 · Management $99,865 · Fundraising $19,545$184,519
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,323,716 · Management $20,330 · Fundraising $10,151$1,354,197
IX-17 TravelPrograms $502,590 · Management $7,719 · Fundraising $3,853$514,162
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $15,659 · Management $241 · Fundraising $120$16,020
IX-20 InterestPrograms $203,711 · Management $3,129 · Fundraising $1,562$208,402
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $2,188,937 · Management $33,619 · Fundraising $16,784$2,239,340
IX-23 InsurancePrograms $514,891 · Management $24,352 · Fundraising $6,285$545,528
IX-24 Other expenses (24a–d)Programs $2,989,549 · Management $223,017 · Fundraising $52,606$3,265,172
IX-24e All other expensesPrograms $13,118 · Management $20,121 · Fundraising $3,938$37,177
IX-25 Total functional expensesPrograms $30,451,887 · Management $3,747,645 · Fundraising $798,910$34,998,442
Part X · Balance sheet $113,356,870 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $687,269$686,088
X-2 Savings and temporary cash investmentsStart of year $2,308,456$2,817,780
X-3 Pledges and grants receivableStart of year $475,930$376,057
X-4 Accounts receivableStart of year $12,797,216$13,536,315
X-8 Inventories for sale or useStart of year $138,496$169,134
X-9 Prepaid expenses and deferred chargesStart of year $577,573$692,704
X-10c Land, buildings and equipment, netStart of year $33,840,656$33,429,858
X-11 Publicly traded securitiesStart of year $31,947,051$32,727,749
X-12 Other securitiesStart of year $3,697,176$3,027,578
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $25,004,906$25,893,607
X-16 Total assetsStart of year $111,474,729$113,356,870
X-17 Accounts payable and accrued expensesStart of year $1,191,700$874,433
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $19,058,305$21,228,829
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $26,060,005$27,223,262
X-27 Net assets without donor restrictionsStart of year $53,096,821$51,743,902
X-28 Net assets with donor restrictionsStart of year $32,317,903$34,389,706
X-32 Total net assets or fund balancesStart of year $85,414,724$86,133,608
X-33 Total liabilities and net assetsStart of year $111,474,729$113,356,870
Part XI · Reconciliation of net assets $86,133,608 net assets at year end
XI-1 Total revenue$33,069,429
XI-2 Total expenses$34,998,442
XI-3 Revenue less expenses−$1,929,013
XI-4 Net assets at start of year$85,414,724
XI-5 Net unrealized gains (losses) on investments$1,634,131
XI-8 Prior period adjustments−$152,100
XI-9 Other changes in net assets$1,165,866
XI-10 Net assets at end of year$86,133,608

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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