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.
76¢ of each $1 spent went to programs.
$610K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$610K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.5 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
$23.4M
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 16 voting members
Looks good: 14 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32.4M
+31% vs prior year
Spent
$30.3M
To programs
76%
Net assets
$81.6M
By yearFY2020–FY2025
Revenue
$32.4M
FY2021▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$24.6M
FY2021$32.4M
FY2022$40.8M
FY2023$32.4M
FY2024$36.2M
FY2025$33.1M
Expenses
$30.3M
FY2021▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$26.3M
FY2021$30.3M
FY2022$31.9M
FY2023$33.0M
FY2024$33.8M
FY2025$35.0M
Net assets
$81.6M
FY2021▲ +18%
Tap a bar for its year
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

76 cents of each dollar spent went to programs.

Program services 76% · $22.9M Management & general 22% · $6.6M Fundraising 3% · $757K

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

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Who runs it and what they're paid

24 people listed on the 990; $610K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$239,035Pt VII · Sec A
Director of Advancement
$157,675Pt VII · Sec A
Director of HR and Op
$119,310Pt VII · Sec A
Chief Financial Officer
$50,180Pt VII · Sec A
Director of Budget & Finance
$44,180Pt VII · Sec A
$0Pt VII · Sec A
$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$157,675$143,282
Scott Carlson$170,655$162,621$123,165———
Cortney Dowdle$131,075$114,462————
Erika Farr$127,404$114,276————
Anne Forrest Prim—$39,803$117,821$122,718$119,310$114,636

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

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

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3 programs · $22.9M · in their own filed words · FY2020
01

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.

$20.6Mprogram expense
02

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…

$1.8Mprogram expense
03

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.

$453Kprogram expense

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 FY2021 990, line by line.

1The main four
Money inPt VIII
$32.4M
Ln 12
Fees for servicesLn 2g$21.9M
Gifts and grantsLn 1h$7.6M
Investment incomeLn 3$2.7M
Money outPt IX
$30.3M
Ln 25
Programscol B$22.9M
Managementcol C$6.6M
Fundraisingcol D$757K
Owns and owesPt X
$81.6M
net assets · Ln 32
Cash and savingsLn 1–2$6.3M
Total assetsLn 16$105.0M
LiabilitiesLn 26$23.4M
PeoplePt VI, VII
24
listed · VII A
PaidVII A5
Voting boardVI 1a16
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.6M
Government grantsLn 1e$1.6M
Noncash giftsLn 1g$114K
Fees for servicesLn 2g$21.9M
Investment incomeLn 3$2.7M
Other incomeLn 4–11$168K
Gains on assetsLn 7$866K
Total revenueLn 12$32.4M
Assets in detailPt X, end of year
CashLn 1$653K
SavingsLn 2$5.7M
Cash and savings togetherLn 1–2$6.3M
InvestmentsLn 11–13$33.7M
Land, buildings, equipmentLn 10c$29.2M
Other assetsLn 15$25.5M
Total assetsLn 16$105.0M
LiabilitiesLn 26$23.4M
Net assetsLn 32$81.6M
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 FY21End FY21
Cash and savingsLn 1–2$9.2M$6.3M
InvestmentsLn 11–13$29.6M$33.7M
Land, buildings, equipmentLn 10c$28.8M$29.2M
Total assetsLn 16$88.7M$105.0M
LiabilitiesLn 26$19.3M$23.4M
Net assetsLn 32$69.4M$81.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$5.5M$5.5M
Grants and assistance to foreign recipientsLn 3$5.2M$5.2M
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$736K$636K$100K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$9.0M$5.5M$3.2M$264K
Pension plan contributionsLn 8$207K$138K$62K$6K
Other employee benefitsLn 9$1.1M$524K$507K$40K
Payroll taxesLn 10$633K$316K$291K$25K
Management feesLn 11a$0
Legal feesLn 11b$123K$43K$74K$6K
Accounting feesLn 11c$119K$119K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$131K$131K
Other fees for servicesLn 11g$122K$43K$73K$6K
Advertising and promotionLn 12$205K$164K$10K$31K
Office expensesLn 13$41K$25K$9K$6K
Information technologyLn 14$137K$96K$34K$7K
RoyaltiesLn 15$0
OccupancyLn 16$1.3M$1.1M$135K$51K
TravelLn 17$146K$124K$12K$10K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$41K$37K$2K$2K
InterestLn 20$194K$144K$45K$6K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1.7M$1.3M$397K$52K
InsuranceLn 23$414K$289K$103K$21K
Other expenses (24a–d)Ln 24$2.2M$1.6M$475K$68K
All other expensesLn 24e$1.0M$738K$250K$56K
Total functional expensesLn 25$30.3M$22.9M$6.6M$757K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $32,375,355 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,149,355$7,635,484
I-9 Program service revenuePrior year $20,469,226$21,881,440
I-10 Investment incomePrior year $2,199,396$2,690,447
I-11 Other revenuePrior year −$176,626$167,984
I-12 Total revenuePrior year $24,641,351$32,375,355
I-13 Grants and similar amounts paidPrior year $9,062,473$10,750,085
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,288,120$11,632,239
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,967,103$7,878,604
I-18 Total expensesPrior year $26,317,696$30,260,928
I-19 Revenue less expensesPrior year −$1,676,345$2,114,427
Part VI · Governance 14 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $32,375,355 across 12 lines filed
Lines not itemized here account for $34,351 of total revenue; see the IRS return.
VIII-1e Government grants$1,635,700
VIII-1f All other contributions, gifts and grants$5,999,784
VIII-1g Noncash contributions (included above)$114,012
VIII-1h Total contributions, gifts and grants$7,635,484
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,881,440$21,881,440
VIII-3 Investment incomeExcluded from tax $1,824,257$1,824,257
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax −$16,114−$16,114
VIII-7 Net gain or loss on sales of assetsExcluded from tax $866,190$866,190
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $3,052 · Excluded from tax $146,695$149,747
VIII-12 Total revenueRelated to mission $21,881,440 · Unrelated business $3,052 · Excluded from tax $2,855,379$32,375,355
Part IX · Statement of functional expenses $30,260,928 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $5,514,119$5,514,119
IX-3 Grants and assistance to foreign recipientsPrograms $5,235,966$5,235,966
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $635,861 · Fundraising $100,089$735,950
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $5,497,035 · Management $3,224,234 · Fundraising $263,800$8,985,069
IX-8 Pension plan contributionsPrograms $137,973 · Management $62,375 · Fundraising $6,400$206,748
IX-9 Other employee benefitsPrograms $523,846 · Management $507,391 · Fundraising $40,391$1,071,628
IX-10 Payroll taxesPrograms $316,422 · Management $291,108 · Fundraising $25,314$632,844
IX-11a Management fees$0
IX-11b Legal feesPrograms $43,026 · Management $73,758 · Fundraising $6,147$122,931
IX-11c Accounting feesManagement $119,335$119,335
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $130,524$130,524
IX-11g Other fees for servicesPrograms $42,572 · Management $72,980 · Fundraising $6,082$121,634
IX-12 Advertising and promotionPrograms $163,881 · Management $10,243 · Fundraising $30,728$204,852
IX-13 Office expensesPrograms $25,266 · Management $9,373 · Fundraising $6,113$40,752
IX-14 Information technologyPrograms $96,135 · Management $34,334 · Fundraising $6,867$137,336
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,093,503 · Management $135,424 · Fundraising $51,009$1,279,936
IX-17 TravelPrograms $123,676 · Management $11,640 · Fundraising $10,185$145,501
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $36,501 · Management $2,028 · Fundraising $2,028$40,557
IX-20 InterestPrograms $143,760 · Management $44,682 · Fundraising $5,828$194,270
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,276,154 · Management $396,642 · Fundraising $51,736$1,724,532
IX-23 InsurancePrograms $289,475 · Management $103,384 · Fundraising $20,677$413,536
IX-24 Other expenses (24a–d)Programs $1,617,018 · Management $474,742 · Fundraising $67,573$2,159,333
IX-24e All other expensesPrograms $737,961 · Management $249,605 · Fundraising $56,009$1,043,575
IX-25 Total functional expensesPrograms $22,914,289 · Management $6,589,663 · Fundraising $756,976$30,260,928
Part X · Balance sheet $105,001,665 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $1,584,048$652,611
X-2 Savings and temporary cash investmentsStart of year $7,642,354$5,688,512
X-3 Pledges and grants receivableStart of year $84,550$386,206
X-4 Accounts receivableStart of year $37,993$9,435,320
X-8 Inventories for sale or useStart of year $90,597$103,356
X-9 Prepaid expenses and deferred chargesStart of year $334,421$276,956
X-10c Land, buildings and equipment, netStart of year $28,784,369$29,239,915
X-11 Publicly traded securitiesStart of year $25,562,634$29,386,722
X-12 Other securitiesStart of year $4,014,891$4,325,281
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $20,541,750$25,506,786
X-16 Total assetsStart of year $88,677,607$105,001,665
X-17 Accounts payable and accrued expensesStart of year $947,659$880,193
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $4,306,962$13,229,721
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $1,635,700$0
X-25 Other liabilitiesStart of year $0$33,683
X-26 Total liabilitiesStart of year $19,267,738$23,404,014
X-27 Net assets without donor restrictionsStart of year $41,192,704$46,766,233
X-28 Net assets with donor restrictionsStart of year $28,217,165$34,831,418
X-32 Total net assets or fund balancesStart of year $69,409,869$81,597,651
X-33 Total liabilities and net assetsStart of year $88,677,607$105,001,665
Part XI · Reconciliation of net assets $81,597,651 net assets at year end
XI-1 Total revenue$32,375,355
XI-2 Total expenses$30,260,928
XI-3 Revenue less expenses$2,114,427
XI-4 Net assets at start of year$69,409,869
XI-5 Net unrealized gains (losses) on investments$5,727,219
XI-9 Other changes in net assets$4,346,136
XI-10 Net assets at end of year$81,597,651

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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