2017-05-15T10:52:02-05:00 2016-06-30 721396621 CARR RIGGS & INGRAM LLC 3011 ARMORY DRIVE SUITE 190 NASHVILLE TN 37204 990 2015-07-01 465280479 REPUBLIC SCHOOLS INC REPU 6019410844 309 WEST MCDOWELL ROAD JACKSON MS 39204 GLENN TURTEL CFO 6159218440 2017-05-10 1 TODD JONES P00362611 6156651811 2017-05-10 2015 2021-01-29 14:40:06Z GLENN TURTEL 3307 BRICK CHURCH PIKE NASHVILLE TN 37207 4122583 0 X HTTP://WWW.REPUBLICCHARTERSCHOOLS.ORG/ X 2014 MS REPUBLIC SCHOOLS SUPPORTS AND OPERATES CHARTER SCHOOLS WORKING TO REIMAGINE PUBLIC EDUCATION IN THE SOUTH. 16 16 34 10 0 0 435700 3243611 189885 878855 24 117 0 0 625609 4122583 0 0 0 0 248888 2132593 0 0 140087 216247 1243780 465135 3376373 160474 746210 818479 1801229 377587 614126 440892 1187103 X THE MISSION OF REPUBLIC SCHOOLS IS TO REIMAGINE PUBLIC EDUCATION IN THE SOUTH. REPUBLIC PREPARES SCHOLARS TO ENTER, SUCCEED IN, AND GRADUATE FROM COLLEGE, AND OPERATES SCHOOLS THAT VALUE INNOVATION AND OWNERSHIP. 0 0 1293806 878855 CHARTER SCHOOL SUPPORT SERVICES. 1349116 OPERATING REIMAGINE PREP, THE FIRST CHARTER SCHOOL IN MISSISSIPPI. 130290 STARTUP AND SUPPORT FOR JOEL E. SMILOW PREP 82740 STARTUP AND SUPPORT FOR JOEL E. SMILOW COLLEGIATE 82740 2855952 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 13 0 34 1 0 0 0 0 0 0 0 0 X 16 16 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 X GLENN TURTEL 6159216620 3307 BRICK CHURCH PIKE NASHVILLE TN 37207 STEWART HOOD BOARD CHAIR 10.00 X X 0 0 0 WOOD CALDWELL BOARD MEMBER 2.00 X 0 0 0 BEN LABOLT BOARD MEMBER 2.00 X 0 0 0 WENDY THOMPSON BOARD MEMBER 2.00 X 0 0 0 AXSON WEST BOARD MEMBER 2.00 X 0 0 0 ANGELA BASS BOARD MEMBER 2.00 X 0 0 0 NATASHA KAMRANI BOARD MEMBER 2.00 X 0 0 0 ANEESH SOHONI BOARD MEMBER 2.00 X 0 0 0 RON CORBIN BOARD MEMBER 2.00 X 0 0 0 LEE HARPER BOARD MEMBER 2.00 X 0 0 0 JAMIE HODARI BOARD MEMBER 2.00 X 0 0 0 SHOMIK DUTTA BOARD MEMBER 2.00 X 0 0 0 ALLYN GIBSON SECRETARY 2.00 X X 0 0 0 WAYMON TIPTON TREASURER 2.00 X X 0 0 0 HAL CATO VICE CHAIR 2.00 X X 0 0 0 RAVI GUPTA CEO 40.00 X 137525 0 12074 GLENN TURTEL CFO 40.00 X 130838 0 11841 268363 0 23915 2 0 0 0 CP GREEN HILLS LLC DBA COMPUTER PROS 3900 HILLSBORO PIKE STE 30 NASHVILLE TN 37215 TECHNOLOGY SUPPORT & HARDWARE 165551 REVOLUTION FOODS INC PO BOX 742759 LOS ANGELES CA 90074 FOOD SERVICE 105320 2 1956456 1287155 3243611 CMO FEES 611710 878855 878855 878855 117 117 4122583 878855 0 117 295346 95595 185044 14707 1504075 1382724 55537 65814 87463 81889 2041 3533 92407 86027 4595 1785 153302 127588 18960 6754 15036 15036 13000 13000 98189 56930 31607 9652 15302 15302 38886 38026 628 232 273405 256177 17295 -67 4400 4400 44307 39203 4431 673 STAFF DEVELOPMENT 243128 243128 INSTRUCTIONAL SUPPLIES 173671 171229 2222 220 FOOD SERVICE 106829 106829 OTHER 84866 57152 25538 2176 132761 98153 34608 3376373 2855952 380334 140087 179662 576225 502015 55135 5708 826886 49720 33598 314346 45452 81374 268894 0 40491 818479 1801229 177587 339126 200000 275000 377587 614126 X 440892 1187103 440892 1187103 818479 1801229 X 746210 1 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45195 2131 43064 224660 38294 186366 44491 5027 39464 268894 4122583 0 4122583 0 4122583 3376373 0 3376373 0 3376373 MS CHARTER FACILITY LLC THE COMPANY IS CONTROLLED BY AN ORGANIZATION BOARD MEMBER 126500 THE ORGANIZATION HAS A LEASE AGREEMENT WITH MS CHARTER FACILITY, LLC ("MSCF") FOR AN EDUCATIONAL FACILITY FOR REIMAGINE. THIS LEASE IS CONSIDERED TO BE AN OPERATING LEASE. MSCF IS OWNED BY A BOARD MEMBER OF THE ORGANIZATION. THE LEASE CONTAINS AN INITIAL LEASE PERIOD OF TEN YEARS, PLUS TWO ADDITIONAL TEN-YEAR RENEWAL PERIODS THAT CAN BE RENEWED AT THE OPTION OF THE ORGANIZATION. THE ORGANIZATION HAS AN OPTION TO PURCHASE THE FACILITY AFTER YEAR SEVEN OF THE LEASE FOR $850,000. LEASE PAYMENTS BEGAN IN AUGUST 2015. 0 CHARTER SCHOOL PROPERTIES LLC THE COMPANY IS CONTROLLED BY A FAMILY MEMBER OF A BOARD MEMBER. 0 DURING 2016, THE ORGANIZATION ENTERED INTO A LEASE AGREEMENT WITH CHARTER SCHOOL PROPERTIES, LLC ("CSP") FOR AN EDUCATIONAL FACILITY THAT HOUSE SMILOW AND COLLEGIATE THAT BECOMES EFFECTIVE ON JULY 1, 2016. THIS LEASE IS CONSIDERED TO BE AN OPERATING LEASE. CSP IS CONTROLLED BY A FOUNDATION OPERATED BY A FAMILY MEMBER OF A BOARD MEMBER OF THE ORGANIZATION. THE LEASE CONTAINS AN INITIAL LEASE PERIOD OF TEN YEARS, PLUS TWO ADDITIONAL TEN-YEAR RENEWAL PERIODS THAT CAN BE RENEWED AT THE OPTION OF THE ORGANIZATION. THE ORGANIZATION HAS AN OPTION TO PURCHASE THE FACILITY AFTER YEAR SEVEN OF THE LEASE FOR A PRICE NOT TO EXCEED $5,000,000. LEASE PAYMENTS COMMENCE IN JULY 2016. 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED DURING THE YEAR. HERE IS A SUMMARY OF THE SIGNIFICANT CHANGES: 1. OUT OF THE MAXIMUM OF 13 REPUBLIC SCHOOL, INC.'S (RSI) BOARD MEMBERS, 5 ARE ALSO BOARD MEMBERS OF REPUBLIC SCHOOL NASHVILLE (RSN). THE INTENT IS TO MAINTAIN A 5 OUT OF 13 RATIO OF RSN BOARD MEMBERS ON RSI'S BOARD. 2. A MAJORITY VOTE IS REQUIRED TO REMOVE BOARD MEMBERS. HOWEVER, IF A BOARD MEMBER ALSO SERVES ON RSN'S BOARD, THE BOARD MEMBERS ON RSI'S BOARD COMMON TO BOTH RSI AND RSN MUST APPROVE THE REMOVAL VIA A MAJORITY VOTE. 3.RSI DOES NOT HAVE THE POWER TO REMOVE BOARD MEMBERS FROM RSN, OR ADD BOARD MEMBERS TO RSN'S BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE COMPANY'S CFO PRIOR TO ISSUANCE. IT IS ALSO SHARED WITH THE COMPANY'S FINANCE COMMITTEE AND THEN WITH THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. IF A CONFLICT OF INTEREST ARISES DURING THE YEAR, IT IS REQUIRED TO BE DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15B THE CEO REVIEWED A REPORT OF CHARTER SCHOOL SALARIES FOR COMPARABLE POSITIONS BOTH REGIONALLY AND NATIONALLY TO DETERMINE AN APPROPRIATE SALARY FOR OTHER OFFICER POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE PROVIDED UPON REQUEST OR ON OUR WEBSITE AT HTTP://WWW.REPUBLICCHARTERSCHOOLS.ORG/. FORM 990, PART XI, LINE 9: ROUNDING 1. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OVERSEES ALL FINANCIAL ITEMS INCLUDING THE AUDIT AND 990. FORM 990, SCHEDULE E THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL AND THEREFORE NOT REQUIRED TO COMPLETE SCHEDULE E. REPUBLIC SCHOOLS NASHVILLE 3230 BRICK CHURCH PIKE NASHVILLE TN 37207 273342540 CHARTER SCHOOLS TN 501(C)(3) LINE 2 0 0 1 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 REPUBLIC SCHOOLS NASHVILLE P COST REPUBLIC SCHOOLS NASHVILLE Q COST REPUBLIC SCHOOLS NASHVILLE D 187370 AMOUNT OF LOAN REPUBLIC SCHOOLS NASHVILLE D 2509611 AMOUNT OF LOAN REPUBLIC SCHOOLS NASHVILLE L 878855 FMV REPUBLIC SCHOOLS NASHVILLE B 369850 ALLOCATION BY GRANTOR REPUBLIC SCHOOLS NASHVILLE O 215805 ESTIMATE OF TIME SPENT