2019-05-10T10:58:13-05:00 2018-06-30 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2017-07-01 621138075 FRANKLIN ROAD ACADEMY INC FRAN 6158328845 4700 FRANKLIN ROAD NASHVILLE TN 37220 LAURA TURNER DIRECTOR OF FINANCE AND OPERATIONS 6158328845 2019-05-10 1 FRANCES E LEAHY P00713593 6152427351 2019-05-10 65.198.206.98 2019-05-10 09:43:08 CD P 2B3BEF299F0A7556C522887B5302B96C92299B56 572DC34321C8E55952FE6A1E0B7461300318CAEB 2017 2019-02-21 02:37:17Z LAURA TURNER 4700 FRANKLIN ROAD NASHVILLE TN 37220 24310726 0 X WWW.FRANKLINROADACADEMY.COM X 1973 TN TO PROVIDE A CHALLENGING EDUCATIONAL EXPERIENCE IN AN INCLUSIVE CHRISTIAN COMMUNITY 20 20 282 150 0 0 2826762 5738416 15549859 16704708 327888 244613 266974 51516 18971483 22739253 2606526 1583351 0 0 9053088 10693563 0 0 725328 5636529 6123009 17296143 18399923 1675340 4339330 28423541 33648265 9660177 10172230 18763364 23476035 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 16671108 1583351 16740513 INSTRUCTIONAL & STUDENT ACTIVITIES - EDUCATION FOR GRADES K-12 FOR APPROXIMATELY 780 STUDENTS, INSTRUCTION FOR ATHLETICS, BAND, DAY CARE AND DAY CAMP, AND AUXILIARY ACTIVITIES (CAFETERIA, CONCESSIONS FOR ATHLETIC EVENTS, ANNUAL, BOOKSTORE AND SPECIAL STUDENT ACTIVITIES). 16671108 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 0 1 1 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 63 0 1 282 1 0 0 0 0 0 1 1 0 0 0 0 X 20 20 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 MARK WEEKS CHAIRMAN 5.00 X X 0 0 0 EDDIE ALEXANDER VICE-CHAIRMAN 5.00 X X 0 0 0 MICHAEL LINDSETH TREASURER 5.00 X X 0 0 0 LAURA CAMPBELL SECRETARY 5.00 X X 0 0 0 JEB BEASLEY TRUSTEE 5.00 X 0 0 0 ROGER BROWN TRUSTEE 5.00 X 0 0 0 RAFAEL CALDERON TRUSTEE 5.00 X 0 0 0 RANDY CHASE TRUSTEE 5.00 X 0 0 0 JAY DALTON TRUSTEE 5.00 X 0 0 0 TOBI FRANKFATHER TRUSTEE 5.00 X 0 0 0 GREG HAGOOD TRUSTEE 5.00 X 0 0 0 DARON HALL TRUSTEE 5.00 X 0 0 0 PATTI HUDGINS TRUSTEE 5.00 X 0 0 0 KIMBERLY JACKSON TRUSTEE 5.00 X 0 0 0 MELANIE JACKSON TRUSTEE 5.00 X 0 0 0 STEVE MAGGART TRUSTEE 5.00 X 0 0 0 ANN MCKINNEY TRUSTEE 5.00 X 0 0 0 JOHN MICK TRUSTEE 5.00 X 0 0 0 CHRISTY SMITH TRUSTEE 5.00 X 0 0 0 CLIF TANT TRUSTEE 5.00 X 0 0 0 SEAN CASEY HEAD OF SCHOOL 60.00 X 284165 0 32665 LAURA TURNER DIRECTOR OF FINANCE AND OPERATIONS 50.00 X 130409 0 26352 RICHARD B WEST HEAD OF LOWER SCHOOL 40.00 X 132691 0 14261 RYAN HARRIS HEAD OF MIDDLE SCHOOL 40.00 X 125689 0 17155 KRISTIN PALMERTON DIRECTOR OF ATHLETICS 40.00 X 125335 0 13690 CALEB P STABLER HEAD OF UPPER SCHOOL 40.00 X 115936 0 34132 JILL JOHNSON DIRECTOR OF ADVANCEMENT 40.00 X 115382 0 24333 1029607 0 162588 10 0 1 0 THE ARCHITECT WORKSHOP 700 MELPARK DRIVE NASHVILLE TN 37204 CONTRACTED BUILDERS 684058 SCHOOL FACILITY MANAGEMENT LLC 800 18TH AVENUE S SUITE 201 NASHVILLE TN 37203 FACILITY MANAGEMENT AND GENERAL MAINTENA 367463 CITY WIDE MAINTENANCE OF NASHVILLE 2211 CRESTMOOR ROAD SUITE 201 NASHVILLE TN 37215 CONTRACTED JANITORIAL 225336 EVEN CUT 3936 E RIDGE DRIVE NASHVILLE TN 37211 GROUNDS MAINTENANCE 150375 4 312696 5425720 360185 5738416 TUITION AND FEES 900099 16069309 16069309 AUXILIARY ACTIVITIES 900099 506039 506039 ATHLETIC GATE RECEIPTS 900099 129360 129360 16704708 112443 112443 44014 0 44014 44014 44014 1583869 1451699 132170 132170 132170 91471 312696 119774 -28303 -28303 BAD DEBT RECEOVERY 900099 20796 20796 MISCELLANEOUS 900099 15009 15009 35805 22739253 16740513 0 260324 1583351 1583351 465856 139757 228513 97586 7748903 7187967 170010 390926 344793 258858 70956 14979 1534192 1318666 159028 56498 599819 434197 134288 31334 3390 3390 36500 36500 36357 36357 353889 340807 11120 1962 96308 90436 3270 2602 313201 218008 27300 67893 227191 206938 19111 1142 550355 537275 10211 2869 83934 81545 2389 274570 274570 1529671 1529671 124084 120911 2477 696 REPAIRS AND MAINTENANCE 598382 579230 16042 3110 ATHLETIC EXPENSES 545744 545744 INSTRUCTIONAL MATERIALS 326993 326993 MISCELLANEOUS 262508 236701 25807 759932 659483 72525 27924 18399923 16671108 1003487 725328 4781 19596 2018332 3521634 5000 45000 435345 644264 70000 60000 48698282 25274826 20635194 23423456 5230889 5894298 24000 40017 28423541 33648265 1439835 1490311 1566509 2719241 6000000 5550000 653833 412678 9660177 10172230 X 12964961 16415084 3500050 4549098 2298353 2511853 18763364 23476035 28423541 33648265 X 4339330 132187 241154 X X 0 1 X 1 0 X 3853967 213500 350738 22953 4395252 3405338 32262 433514 17147 3853967 3404319 0 48360 47341 3405338 3469016 19637 76302 160636 3404319 3278408 313313 542403 665108 3469016 0.57150 0.42850 0 0 4815155 4815155 33045129 21166265 11878864 6126169 1844185 4281984 3881322 2264376 1616946 830507 830507 23423456 INTEREST RATE SWAP CONTRACT 412678 412678 X 21407864 132188 119774 251962 21155902 1583351 1583351 22739253 16695192 -121380 -121380 16816572 1583351 1583351 18399923 PART V, LINE 4: THE ENDOWMENT DRAW 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 119,774. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID (NETTED AGAINST TUITION FOR AUDIT PURPOSES) 1,583,351. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP -241,154. DIRECT SPECIAL EVENT EXPENSES 119,774. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID (NETTED AGAINST TUITION FOR AUDIT PURPOSES) 1,583,351. PART V, LINE 1A: PRIOR YEAR ENDOWMENT AMOUNTS HAVE BEEN REVISED AS THERE WAS AN ERROR IN FISCAL YEAR 2017 ENDOWMENT NUMBERS. PRIOR YEAR ENDOWMENT CONTRIBUTIONS INCLUDED CAPITAL CAMPAIGN CONTRIBUTIONS, WHICH SHOULD NOT HAVE BEEN INCLUDED IN ENDOWMENT FUNDS. THIS HAS BEEN CORRECTED ON THE CURRENT YEAR RETURN. 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 364385 312696 51689 91713 GOLF TOURNAMENT 27145 0 27145 21109 1 12637 0 12637 6952 404167 312696 91471 119774 119774 -28303 1 FINANCIAL AID TO STUDENTS ATTENDING FRANKLIN ROAD ACADEMY 156 1583351 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 264114 0 20051 0 0 0 32665 0 0 0 316830 0 0 0 LAURA TURNER DIRECTOR OF FINANCE AND OPERATIONS 130355 0 54 0 0 0 26352 0 0 0 156761 0 0 0 CALEB P STABLER HEAD OF UPPER SCHOOL 105882 0 10054 0 0 0 34132 0 0 0 150068 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 A 6450000 12000000 12000000 2006 1 0 1 1 A 0 0 0 0 1 1 SUNTRUST BANK 25.000000000000 0 0 0 0 0 SEAN R CASEY HEAD OF SCHOOL ACQUIRING A RESIDENCE IN MIDDLE TENNESSEE FOR NEW HEAD OF SCHOOL AND FAMILY X 100000 60000 0 1 1 60000 94182 TUITION REMISSION EMPLOYEE BENEFIT X 5 191039 FMV X AUCTION ITEMS 285 169146 FMV 0 0 0 PART I, COLUMN (B): 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 XI, LINE 9: UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP 241,154. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE SELECTS AND APPOINTS THE FIRM CHOSEN TO MANAGE THE AUDIT. THE AUDITED FINANCIALS ARE REVIEWED BY THE AUDIT COMMITTEE AND THE FINANCE COMMITTEE.