2025-04-30T10:13:29-05:00 2024-06-30 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2023-07-01 621138075 FRANKLIN ROAD ACADEMY INC FRAN 6158328845 4700 FRANKLIN ROAD NASHVILLE TN 37220 LAURA TURNER ASSISTANT HOS FOR FINANCE & OPS 6158328845 2025-04-30 1 1 FRANCES E LEAHY P00713593 6152427351 2025-04-30 2023 2025-03-06 01:10:19Z LAURA TURNER 4700 FRANKLIN ROAD NASHVILLE TN 37220 46408697 0 X WWW.FRANKLINROADACADEMY.COM X 1973 TN TO PROVIDE A CHALLENGING EDUCATIONAL EXPERIENCE IN AN INCLUSIVE CHRISTIAN COMMUNITY 18 18 376 280 0 0 12463399 11347242 28315976 30988155 168502 339718 68008 312619 41015885 42987734 1996616 2120049 0 0 16205155 17507364 0 0 1156342 10928804 11787151 29130575 31414564 11885310 11573170 68255755 78573645 11036739 9393315 57219016 69180330 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 28748429 2120049 31278857 INSTRUCTIONAL & STUDENT ACTIVITIES - EDUCATION FOR GRADES PRE K-12 FOR APPROXIMATELY 1,000 STUDENTS, INSTRUCTION FOR ATHLETICS, BAND, DAY CARE AND DAY CAMP, AND AUXILIARY ACTIVITIES (CAFETERIA, CONCESSIONS FOR ATHLETIC EVENTS, ANNUAL, BOOKSTORE AND SPECIAL STUDENT ACTIVITIES). 28748429 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 56 0 1 376 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 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 X RANDY CHASE BOARD CHAIR 5.00 X X 0 0 0 ROSEMARY PLORIN SECRETARY 5.00 X X 0 0 0 JARED ALLEN TRUSTEE 5.00 X 0 0 0 PENNY AUSTERMILLER TRUSTEE 5.00 X 0 0 0 TOMMY AXFORD TRUSTEE 5.00 X 0 0 0 JEB BEASLEY TRUSTEE 5.00 X 0 0 0 VICTOR BERRIOS TRUSTEE 5.00 X 0 0 0 JESSICA BRACKEN BOYD TRUSTEE 5.00 X 0 0 0 SARA ELIZABETH BRADFORD TRUSTEE 5.00 X 0 0 0 KARLA CALDERON TRUSTEE 5.00 X 0 0 0 MATT CASSEL TRUSTEE 5.00 X 0 0 0 FLORENCE CHASSAIGNAC TRUSTEE 5.00 X 0 0 0 MATTHEW DENMARK TRUSTEE 5.00 X 0 0 0 STEVE HALAS TRUSTEE 5.00 X 0 0 0 JAIMIE ROBINSON TRUSTEE 5.00 X 0 0 0 ANDREW SOHR TRUSTEE 5.00 X 0 0 0 GABRIELLE WESLEY TRUSTEE 5.00 X 0 0 0 RICHARD MCRAE III TRUSTEE 5.00 X 0 0 0 SEAN CASEY HEAD OF SCHOOL 60.00 X 583664 0 33676 LAURA TURNER ASSISTANT HOS FOR FINANCE AND OP 50.00 X 192352 0 71352 RYAN HARRIS ASSISTANT HOS FOR EXTERNAL AFFAIRS 50.00 X 161901 0 52270 RICHARD B WEST HEAD OF LOWER SCHOOL 40.00 X 155114 0 12810 JUSTIN GEISINGER HEAD COACH VARSITY FOOTBALL 40.00 X 159190 0 52777 KRISTIN PALMERTON DIRECTOR OF ATHLETICS 40.00 X 148741 0 17156 JAY SALATO HEAD OF UPPER SCHOOL 40.00 X 132088 0 16472 CHANNING MCCOLLOUGH CLARK HEAD OF MIDDLE SCHOOL 40.00 X 123503 0 8595 1656553 0 265108 16 0 1 0 BRASFIELD & GORRIE 1201 DEMONBREUN ST SUITE 200 NASHVILLE TN 37203 GENERAL CONTRACTOR SERVICE 4361388 SAGE DINING SERVICE 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 1359376 4M BUILDING SOLUTIONS INC PO BOX 870784 KANSAS CITY MO 641870784 JANITORIAL SERVICE 601376 GOODRUM CONSTRUCTION LLC 249 CARGILE LANE NASHVILLE TN 37205 GENERAL CONTRACTOR SERVICE 552955 ANECDOTE 508 HOUSTON STREET NASHVILLE TN 37203 ARCHITECTURAL DESIGN SERVICES 226174 9 680725 10666517 1109516 11347242 TUITION AND FEES 611710 29076614 29076614 ANCILLARY ACTIVITIES 611710 1644052 1644052 ATHLETIC GATE RECEIPTS 611710 267489 267489 30988155 646053 646053 51504 0 51504 51504 51504 2819491 2744170 381656 75321 -381656 -306335 -306335 265550 680725 295137 -29587 -29587 MISCELLANEOUS 900099 286906 286906 BAD DEBT RECOVERY 900099 3796 3796 290702 42987734 31278857 0 361635 2120049 2120049 1136963 210146 543699 383118 12541178 12117924 42483 380771 711637 643026 53213 15398 2118392 1882682 167496 68214 999194 848062 106109 45023 50082 50082 12098 12098 35982 35982 56026 56026 51129 51129 198249 120092 51296 26861 555036 264964 176045 114027 499731 498659 837 235 2414023 2351973 50390 11660 94127 68132 25995 183132 175515 6696 921 2690705 2628923 48229 13553 286923 280335 5143 1445 CAFETERIA EXPENSE 1138125 1138125 MATERIALS AND SUPPLIES 1025186 1013798 11141 247 ATHLETIC EXPENSE 783894 783894 STUDENT ACTIVITIES 616663 616663 1096040 985467 15704 94869 31414564 28748429 1509793 1156342 21245 1495 8315659 10289877 4647903 5938721 438949 583442 10000 0 82465868 34487280 43587406 47978588 5661716 6164820 5019683 7040571 553194 576131 68255755 78573645 2134680 2432083 4375741 4041077 4471496 2887685 54822 32470 11036739 9393315 X 42857774 49301680 14361242 19878650 57219016 69180330 68255755 78573645 X 11573170 365792 22352 X X 0 1 X 1 0 X 5603451 7878783 5703373 12463399 11347242 42996248 5603451 7878783 5703373 12463399 11347242 42996248 9642615 33353633 266778 203395 152208 331939 697557 1651877 59603 59603 220239 116483 164675 185824 290702 977923 45685651 129028198 0.73010 0.78230 X SCHEDULE A, PART I: BOX 2 AND 7, PART II FRANKLIN ROAD ACADEMY IS DETERMINED TO BE A PUBLIC CHARITY BECAUSE IT IS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). SCHEDULE E HAS BEEN COMPLETED AND ATTACHED. FOR PURPOSES OF SCHEDULE A, THE ORGANIZATION HAS COMPLETED PART II IN ORDER TO APPLY THE SPECIAL RULE ON SCHEDULE B AND DISCLOSED DONORS GREATER THAN 2% INSTEAD OF ALL DONORS GREATER THAN $5,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5661716 533118 30014 6164820 5301380 390414 30078 5661716 5760304 30000 -459580 29344 5301380 4361617 250000 1177128 28441 5760304 4154207 25100 211528 29218 4361617 0.42635 0.57365 0 0 6178292 6178292 57740941 30378719 27362222 11151487 1844185 9307302 3023655 2264376 759279 4371493 4371493 47978588 OPERATING INVESTMENT 7040571 C 7040571 INTEREST RATE SWAP CONTRACT 32470 32470 X 41491144 365792 317489 683281 40807863 56026 2123845 2179871 42987734 29529830 295137 295137 29234693 56026 2123845 2179871 31414564 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 295,137. CHANGE IN VALUE OF INTEREST RATE SWAP 22,352. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID (NETTED AGAINST TUITION FOR AUDIT PURPOSES) 2,120,049. BAD DEBT RECOVERY 3,796. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 295,137. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID (NETTED AGAINST TUITION FOR AUDIT PURPOSES) 2,120,049. BAD DEBT RECOVERY 3,796. 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 946275 680725 265550 28399 170662 13000 83076 946275 680725 265550 28399 170662 13000 83076 295137 -29587 1 FINANCIAL AID TO STUDENTS ATTENDING FRANKLIN ROAD ACADEMY 156 2120049 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 SEAN CASEY HEAD OF SCHOOL 508152 0 75512 0 0 0 26400 0 7276 0 617340 0 0 0 LAURA TURNER ASSISTANT HOS FOR FINANCE AND OP 183845 0 8507 0 0 0 15184 0 56168 0 263704 0 0 0 RYAN HARRIS ASSISTANT HOS FOR EXTERNAL AFFAIRS 154901 0 7000 0 0 0 13156 0 39114 0 214171 0 0 0 JUSTIN GEISINGER HEAD COACH VARSITY FOOTBALL 148649 0 10541 0 0 0 0 0 52777 0 211967 0 0 0 RICHARD B WEST HEAD OF LOWER SCHOOL 154573 0 541 0 0 0 12359 0 451 0 167924 0 0 0 KRISTIN PALMERTON DIRECTOR OF ATHLETICS 148200 0 541 0 0 0 11920 0 5236 0 165897 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 NASHVILLE FINANCE AUTHORITY 521304598 2024-04-05 17165000 PHASE V CONSTRUCTION 0 0 0 A 9150000 12000000 12000000 2006 1 0 1 1 B 184299 16980701 2039 0 0 0 1 A 0 0 0 0 1 1 TRUIST BANK (FKA SUNTRUST) 25.000000000000 0 0 0 0 0 B 1 0 0 0 0 0 A 0 B 0 115413 TUITION REMISSION EMPLOYEE BENEFIT X 20 766239 VALUE SOLD X SILENT AUCTION ITEMS 338 338254 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 VII, SECTION B THE COMPENSATION FOR GOODRUM CONSTRUCTION, LLC INCLUDES BOTH MATERIALS AND SERVICES. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 22,352. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS FROM THE PRIOR YEAR.