2021-05-17T15:07:59-05:00 2020-06-30 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2019-07-01 621138075 FRANKLIN ROAD ACADEMY INC FRAN 6158328845 4700 FRANKLIN ROAD NASHVILLE TN 37220 LAURA TURNER ASSISTANT HOS FOR FINANCE & OPS 6158328845 2021-05-17 1 FRANCES E LEAHY P00713593 6152427351 2021-05-17 2019 2022-09-23 18:48:47Z LAURA TURNER 4700 FRANKLIN ROAD NASHVILLE TN 37220 28046119 0 X WWW.FRANKLINROADACADEMY.COM X 1973 TN TO PROVIDE A CHALLENGING EDUCATIONAL EXPERIENCE IN AN INCLUSIVE CHRISTIAN COMMUNITY 23 23 328 175 0 0 5611985 5603541 18732267 21107170 253312 215828 161012 209741 24758576 27136280 1797965 2006534 0 0 11692627 12698671 0 0 938983 6390999 8552336 19881591 23257541 4876985 3878739 47921731 56428521 19677587 24406001 28244144 32022520 X FRANKLIN ROAD ACADEMY PROVIDES A CHALLENGING EDUCATIONAL EXPERIENCE IN AN INCLUSIVE CHRISTIAN COMMUNITY WITH AN UNWAVERING COMMITMENT TO DEVELOP LEADERS OF INTEGRITY AND PURPOSE. WE WILL INSPIRE IN OUR STUDENTS A LIFELONG LOVE OF LEARNING THROUGH A DYNAMIC ACADEMIC PROGRAM WHICH WILL PREPARE THEM FOR SUCCESS IN LIFE; ENCOURAGE STUDENTS TO DISCOVER THEIR PASSIONS THROUGH OPPORTUNITIES IN ACADEMICS, THE ARTS, ATHLETICS, AND SERVANT LEADERSHIP; NURTURE LEADERS OF INTEGRITY, GUIDED BY CHRISTIAN PRINCIPLES, COMPELLED TO LEAD LIVES OF COMPASSIONATE GLOBAL CITIZENSHIP. 0 0 21152901 2006534 21327409 INSTRUCTIONAL & STUDENT ACTIVITIES - EDUCATION FOR GRADES K-12 FOR APPROXIMATELY 860 STUDENTS, INSTRUCTION FOR ATHLETICS, BAND, DAY CARE AND DAY CAMP, AND AUXILIARY ACTIVITIES (CAFETERIA, CONCESSIONS FOR ATHLETIC EVENTS, ANNUAL, BOOKSTORE AND SPECIAL STUDENT ACTIVITIES). 21152901 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 55 0 1 328 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 X X LAURA TURNER 6158328845 4700 FRANKLIN ROAD NASHVILLE TN 37220 MR SEAN CASEY HEAD OF SCHOOL 60.00 X 370145 0 32557 MRS LAURA TURNER ASSISTANT HOS FOR FINANCE & OPS 50.00 X 149114 0 9104 MR CALEB P STABLER HEAD OF UPPER SCHOOL 40.00 X 139682 0 24963 MR RICHARD B WEST HEAD OF LOWER SCHOOL 40.00 X 134626 0 10053 MR KRISTIN PALMERTON DIRECTOR OF ATHLETICS 40.00 X 132916 0 9942 MRS JILL JOHNSON DIRECTOR OF ADVANCEMENT 40.00 X 127701 0 13541 MR RYAN HARRIS HEAD OF MIDDLE SCHOOL 40.00 X 121957 0 20391 MR EDWARD ALEXANDER CHAIRMAN 5.00 X X 0 0 0 MR CLIF TANT VICE-CHAIRMAN 5.00 X X 0 0 0 MR STEPHEN MAGGART TREASURER 5.00 X X 0 0 0 MS LAURA CAMPBELL SECRETARY 5.00 X X 0 0 0 MR ROGER BROWN TRUSTEE 5.00 X 0 0 0 MR RAFAEL A CALDERON TRUSTEE 5.00 X 0 0 0 MR JOC COLLIGNON TRUSTEE 5.00 X 0 0 0 MRS TOBI JANE FRANKFATHER TRUSTEE 5.00 X 0 0 0 MR GREG HAGOOD TRUSTEE 5.00 X 0 0 0 MR STEVE HALAS TRUSTEE 5.00 X 0 0 0 MR DARON HALL TRUSTEE 5.00 X 0 0 0 MRS PATTI HUDGINS TRUSTEE 5.00 X 0 0 0 MRS TAMIKA HUDSON TRUSTEE 5.00 X 0 0 0 MS KIMBERLY JACKSON TRUSTEE 5.00 X 0 0 0 MR JOHN S II LARKIN TRUSTEE 5.00 X 0 0 0 MR MICHAEL LINDSETH TRUSTEE 5.00 X 0 0 0 MRS ANN MCKINNEY TRUSTEE 5.00 X 0 0 0 MR JOHN MICK TRUSTEE 5.00 X 0 0 0 MR DALE MITCHELL TRUSTEE 5.00 X 0 0 0 MR ANDREW SCARLETT TRUSTEE 5.00 X 0 0 0 MRS CHRISTY SMITH TRUSTEE 5.00 X 0 0 0 MR MARK WEEKS TRUSTEE 5.00 X 0 0 0 MR CHARLES WILLIAMSON TRUSTEE 5.00 X 0 0 0 1176141 0 120551 9 0 1 0 D F CHASE INC 3001 ARMORY DRIVE SUITE 200 NASHVILLE TN 37204 CONSTRUCTION 12068850 SAGE DINING SERVICES 1402 YORK RD LUTERVILLE MD 21093 CAFETERIA SERVICES 583471 CITY WIDE MAINTENANCE OF NASHVILLE 2211 CRESTMOOR ROAD SUITE 201 NASHVILLE TN 37215 OFFICE CLEANING 299916 THE ARCHITECT WORKSHOP 700 MELPARK DRIVE NASHVILLE TN 37204 ARCHITECT 224904 SCHOOL FACILITY MANAGEMENT LLC 800 18TH AVENUE S SUITE A NASHVILLE TN 37203 FACILITY MANAGEMENT AND GENERAL MAINTENA 127045 6 X 363396 5240145 664696 5603541 TUITION AND FEES 900099 20642841 20642841 ANCILLARY ACTIVITIES 900099 424687 424687 ATHLETIC GATE RECEIPTS 900099 39642 39642 21107170 112559 112559 50950 0 50950 50950 50950 881210 777941 103269 103269 103269 70450 363396 131898 -61448 -61448 MISCELLANEOUS 900099 215153 215153 BAD DEBT RECEOVERY 900099 5086 5086 220239 27136280 21327409 0 205330 36771 36771 1969763 1969763 617724 185317 295246 137161 9067737 8486986 115509 465242 471227 407185 48171 15871 1839886 1486740 284794 68352 702097 584354 87217 30526 12590 12590 30028 30028 54682 54682 562538 536572 23200 2766 111499 101040 7397 3062 1097260 924086 51030 122144 191671 191671 1205386 1177710 21605 6071 45454 42485 2969 102980 99901 3079 287599 280995 5155 1449 2417660 2362147 43335 12178 183292 152554 22769 7969 CAFETERIA EXPENSE 798026 798026 ATHLETIC EXPENSE 392940 392940 MISCELLANEOUS EXPENSE 305240 265524 39716 BOOKSTORE EXPENSE 217989 217989 535502 452145 56881 26476 23257541 21152901 1165657 938983 19896 20237 3783098 6341520 88800 92143 678571 655899 50000 40000 0 73669071 29492149 38543201 44176922 4692672 4961258 90656 65493 49886 47921731 56428521 6096480 1946425 2700704 3147305 10337741 18613215 542662 699056 19677587 24406001 X 23033000 26437555 5211144 5584965 28244144 32022520 47921731 56428521 X 3878739 56031 -156394 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4692672 271199 227478 230091 4961258 4181752 282733 228187 4692672 3853967 327785 4181752 3405338 32262 433514 17147 3853967 3404319 48360 47341 3405338 0.04170 0.95830 0 0 6159581 6159581 56759296 25383588 31375708 6291244 1844185 4447059 4457749 2264376 2193373 1201 1201 44176922 INTEREST RATE SWAP CONTRACT 699056 699056 X 25327162 56031 131898 187929 25139233 27284 1969763 1997047 27136280 21548786 288292 288292 21260494 27284 1969763 1997047 23257541 PART V, LINE 4: THE ENDOWMENT DRAW, IF ANY, IS USED FOR SCHOLARSHIPS AND OTHER PROGRAM OR GENERAL EXPENSES, AS APPROVED OR PREDETERMINED BY THE ENDOWMENT RESTRICTIONS. PART X, LINE 2: MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE SCHOOL'S INCOME TAX RETURN TO DETERMINE WHETHER THE INCOME TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL INCOME TAX POSITIONS TAKEN ON ALL OPEN INCOME TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE WERE NO PROVISIONS FOR INCOME TAXES, PENALTIES, OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 131,898. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID (NETTED AGAINST TUITION FOR AUDIT PURPOSES) 1,969,763. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP 156,394. DIRECT SPECIAL EVENT EXPENSES 131,898. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID (NETTED AGAINST TUITION FOR AUDIT PURPOSES) 1,969,763. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 FRANKLIN ROAD ACADEMY'S NONDISCRIMINATION POLICY APPEARS ON PAGE 2 OF THE FRA STUDENT HANDBOOK, ON THE ADMISSION APPLICATION FORM, AND IN PRINT ADMISSION MATERIALS. STARS & GUITARS 433846 363396 70450 131898 433846 363396 70450 131898 131898 -61448 1 DONELSON CHRISTIAN ACADEMY 300 DANYACREST DRIVE NASHVILLE TN 37214 620854263 501(C)(3) 36771 REBUILDING AFTER TORNADO 1 FINANCIAL AID TO STUDENTS ATTENDING FRANKLIN ROAD ACADEMY 172 1969763 FMV STUDENT FINANCIAL AID PART I, LINE 2: EACH FAMILY IS REQUIRED TO SUBMIT A FINANCIAL AID APPLICATION ON AN ANNUAL BASIS WITH THE MOST RECENT YEAR'S TAX FORMS FROM THE FAMILIES. FINANCIAL AID AWARDS ARE MADE ON THE BASIS OF DEMONSTRATED NEED. THE FINANCIAL AID COMMITTEE REVIEWS THE REQUESTS AND ALL AWARDS ARE MADE IN LATE SPRING BEFORE THE SCHOOL YEAR IN QUESTION. ONCE ENROLLMENT CONTRACTS ARE COMPLETED, THESE FINANCIAL AID AWARDS ARE ENTERED AS A CREDIT ONTO THE STUDENT'S ACCOUNT. NO FURTHER MONITORING OF THE FUNDS IS REQUIRED AFTER THIS POINT. X X X X 0 0 0 0 0 0 0 0 0 MR SEAN CASEY HEAD OF SCHOOL 300094 0 70051 0 0 0 18733 0 13824 0 402702 0 0 0 MRS LAURA TURNER ASSISTANT HOS FOR FINANCE & OPS 149063 0 51 0 0 0 8542 0 562 0 158218 0 0 0 MR CALEB P STABLER HEAD OF UPPER SCHOOL 139631 0 51 0 0 0 8871 0 16092 0 164645 0 0 0 A HEALTH AND EDUC FACILITIES BD OF METRO GOVT OF NASHVILLE AND DAVIDSON TN 626139016 2009-08-01 12000000 REFUNDING OF 2005 BOND ISSUE 0 0 0 B HEALTH AND EDUC FACILITIES BD OF METRO GOVT OF NASHVILLE AND DAVIDSON TN 626139016 2018-08-24 12000000 CHAPEL, STUDENT CENTER & CAFETERIA, AND ATHLETIC FACILITIES RENOVATION 0 0 0 A 7350000 12000000 12000000 2006 1 0 1 1 B 2518493 13477640 71764 5582182 0 0 0 1 A 0 0 0 0 1 1 SUNTRUST BANK 25.000000000000 0 0 0 0 0 B 0 0 0 0 1 0 SUNTRUST BANK 25.000000000000 0 0 0 0 0 A 0 B 0 SEAN R CASEY HEAD OF SCHOOL ACQUIRING A RESIDENCE IN MIDDLE TENNESSEE FOR HEAD OF SCHOOL AND FAMILY X 100000 40000 0 1 1 40000 65584 TUITION REMISSION EMPLOYEE BENEFIT X 12 491003 VALUE SOLD X AUCTION ITEMS 287 173693 AUCTION PROCEEDS 0 0 0 PART I, COLUMN (B): PART I, COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE WORK IS DONE AND RECOMMENDATIONS ARE MADE TO THE BOARD BY THE SUBCOMMITTEES OF THE BOARD. THE BOARD THEN MAKES A MOTION ON THE RECOMMENDATION, ALL BOARD DECISIONS ARE RECORDED IN THE MINUTES TAKEN AT THE BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE AUDIT REPORT IN DETAIL AS A GENERAL PRACTICE. THE FORM 990 IS DISTRIBUTED TO THE FINANCE COMMITTEE FOR ITS REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL BOARD MEMBERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST DISCLOSURE. THESE ARE REVIEWED DURING THE AUDIT PROCESS. FORM 990, PART VI, SECTION B, LINE 15A A COMMITTEE IS APPOINTED BY THE CHAIRMAN OF THE BOARD TO EVALUATE THE PERFORMANCE OF THE HEAD OF SCHOOL. THE COMMITTEE LOOKS AT PERFORMANCE AND THE SALARIES OF PEER POSITIONS AT OTHER SCHOOLS AND RECOMMENDS A NEW SALARY FOR A THREE-YEAR CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE FORM 990 IS AVAILABLE ON GUIDESTAR.COM. A COPY OF THE RETURN, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VIII, SECTION B THE TOTAL PAYMENTS TO CERTAIN INDEPENDENT CONTRACTORS INCLUDE SERVICES AND THE COST OF MATERIALS TO EXPAND THE EXISTING FACILITY, WHICH COULD NOT BE REASONABLY SEGREGATED. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP -156,394. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS REGARDING THE SELECTION OF AN INDEPENDENT ACCOUNTANT.