2015-02-10T17:11:38-06:00 2014-06-30 621199757 LATTIMORE BLACK MORGAN & CAIN PC 5203 MARYLAND WAY PO BOX 1869 BRENTWOOD TN 370241869 990 2013-07-01 621138075 FRANKLIN ROAD ACADEMY INC FRAN 6158328845 4700 FRANKLIN ROAD NASHVILLE TN 37220 LAURA TURNER DIRECTOR OF FINANCE 6158328845 2015-02-10 1 JILL HUDSON P00061190 6153774600 2015-02-10 2013 2016-02-25 16:41:14Z LAURA TURNER 4700 FRANKLIN ROAD NASHVILLE TN 37220 16101906 0 X WWW.FRANKLINROADACADEMY.COM X 1973 TN INSTRUCTIONAL & STUDENT ACTIVITIES CONDUCTED IN ORDER TO PREPARE STUDENTS INTELLECTUALLY FOR HIGHER LEVELS OF EDUCATION. 19 19 260 170 0 0 1592549 2084557 14198879 12504469 176004 147264 136769 620932 16104201 15357222 2188104 2038194 0 0 8686158 8099682 35000 0 262853 10568560 6065759 21477822 16203635 -5373621 -846413 29694231 28670091 10653049 10080080 19041182 18590011 FRANKLIN ROAD ACADEMY IS A COEDUCATIONAL, COLLEGE-PREPARATORY SCHOOL, SERVING QUALIFIED STUDENTS IN GRADES PRE-K THROUGH TWELVE. THE SCHOOL IS A CARING AND SUPPORTIVE COMMUNITY OF PARENTS, TEACHERS, AND STUDENTS WITHIN AN INCLUSIVE CHRISTIAN ENVIRONMENT. 0 0 12268620 2038194 12662732 INSTRUCTIONAL & STUDENT ACTIVITIES - (1) EDUCATION FOR GRADES K-12 FOR APPROXIMATELY 720 STUDENTS. (2) INSTRUCTION FOR ATHLETICS, BAND, DAY CARE AND DAY CAMP. 256333 261524 AUXILIARY ACTIVITIES - CAFETERIA, CONCESSIONS FOR ATHLETIC EVENTS, ANNUAL, BOOKSTORE AND SPECIAL STUDENT ACTIVITIES. 12524953 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 0 1 1 1 1 0 0 0 0 0 0 0 0 1 79 0 1 260 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X X LAURA L TURNER 6153694508 4700 FRANKLIN ROAD NASHVILLE TN NASHVILLE TN 37220 EDWARD G ALEXANDER TRUSTEE 5.00 X 0 0 0 JEB BEASLEY TRUSTEE 5.00 X X 0 0 0 RANDY CHASE TRUSTEE 5.00 X 0 0 0 MATT COWAN TRUSTEE 5.00 X 0 0 0 HARVEY A CROUCH PAST CHAIR 5.00 X 0 0 0 JARRETT H DALTON TRUSTEE 5.00 X 0 0 0 CHRIS HOLMES TRUSTEE 5.00 X 0 0 0 LAWRENCE JACKSON TRUSTEE 5.00 X 0 0 0 MELANIE JACKSON TRUSTEE 5.00 X 0 0 0 KIM HARVEY LOONEY TRUSTEE 5.00 X 0 0 0 STEVEN H MEDES TRUSTEE 5.00 X 0 0 0 PAT PATTEN TRUSTEE 5.00 X 0 0 0 ALBERT RODEWALD TRUSTEE 5.00 X 0 0 0 BETH SOMERS TRUSTEE 5.00 X 0 0 0 JOHN VAN MOL TRUSTEE 5.00 X 0 0 0 DIANE CRUDELE SECRETARY 5.00 X 0 0 0 ELIZABETH R NEWMAN CHAIR 5.00 X 0 0 0 JOHN C TISHLER VICE-CHAIR 5.00 X 0 0 0 MARK WEEKS TREASURER 5.00 X 0 0 0 MARGARET W WADE HEADMASTER 40.00 X 230163 0 47934 RICHARD B WEST DEAN OF LOWER SCHOOL 40.00 X 105743 0 11531 GLENN L SEAGRAVES DIRECTOR OF FINANCE 40.00 X 129989 0 28187 465895 0 87652 3 0 1 0 SUNTRUST P-CARD PO BOX 4418 ATLANTA GA 30302 BANKING 991376 SCHOOL FACILITY MANAGEMENT LLC 800 18TH AVENUE SOUTH SUITE A NASHVILLE TN 37203 JANITORIAL 349001 SERVICEFM LLC 800 18TH AVENUE SOUTH SUITE A NASHVILLE TN 37203 JANITORIAL 178385 3 74010 2010547 305051 2084557 TUITION AND FEES 900099 12242945 12242945 AUXILIARY ACTIVITIES 900099 198438 198438 ATHLETIC GATE RECEIPTS 900099 63086 63086 12504469 183956 183956 41303 0 41303 41303 41303 321946 358638 -36692 -36692 -36692 545888 74010 386046 159842 159842 MISCELLANEOUS 900099 370096 370096 BAD DEBT RECOVERY 900099 49691 49691 419787 15357222 12924256 0 348409 2038194 2038194 553547 553547 6345194 5429229 915965 203845 170353 33492 501507 346761 154746 495589 317664 177925 15989 15989 34800 34800 23901 23901 13594 13594 143289 143289 503704 249356 254348 724425 437480 286945 23558 23558 19286 19286 303446 273101 27310 3035 1478245 1330421 133042 14782 137014 137014 INSTRUCTION & STUDENT A 473842 473842 ATHLETICS 414496 414496 BOOKSTORE 410254 410254 FUNDRAISING 245036 245036 1100880 633802 467078 16203635 12524953 3415829 262853 7651 8208 1533596 1628621 284994 196473 100000 10218 42474917 19241362 24565582 23233555 3278408 3469016 24000 24000 29694231 28670091 1267521 1046078 710836 859631 7800000 7350000 874692 824371 10653049 10080080 X 15406308 14581618 1336521 1710040 2298353 2298353 19041182 18590011 29694231 28670091 X -846413 395139 103 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3278408 313313 542403 665108 3469016 3038252 121429 394541 275814 3278408 3023461 52957 52511 90677 3038252 2522190 58978 468146 25853 3023461 963780 1501000 44887 -12523 2522190 0.00330 0.66250 0.33420 0 0 4815155 4815155 29422049 15132801 14289248 5514953 1844185 3670768 2716284 2264376 451908 6476 6476 23233555 INTEREST RATE SWAP CONTRACT 824371 824371 X 14182799 395139 386149 781288 13401511 1955711 1955711 15357222 14633970 386046 386046 14247924 1955711 1955711 16203635 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3), AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. AS OF, JUNE 30, 2014, THE SCHOOL HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. IT IS THE SCHOOL'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE SCHOOL FILES U.S. FEDERAL INFORMATION TAX RETURNS AND IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE FOR THE YEARS ENDED AFTER, JUNE 30, 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES RECLASSIFIED FROM EXPENSES TO REVENUE 386,046. ROUNDING 103. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS RECLASSIFIED FROM INCOME 1,955,711. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES RECLASSIFIED FROM EXPENSES TO REVENUE 386,046. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS RECLASSIFIED FROM INCOME 1,955,711. 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 PRINTED ADMISSION MATERIALS. STARS & GUITARS DINNER & AUCTION 543960 74010 469950 317784 MAGAZINE SALES 28843 28843 40060 4 47095 47095 28202 619898 74010 545888 386046 386046 159842 1 FINANCIAL AID 123 1955711 BASED ON CURRENT FEE STRUCTURE SCHOLARSHIPS FOR TUITION TURNER FELLOWS COLLEGE SCHOLARSHIPS 13 82483 X X X X 0 0 0 0 0 0 0 0 0 MARGARET W WADE HEADMASTER 0 0 230163 0 0 0 31200 0 16734 0 278097 0 0 0 GLENN L SEAGRAVES DIRECTOR OF FINANCE 0 0 129989 0 0 0 25417 0 2770 0 158176 0 0 0 A HEALTH & EDUC FACILITIES BD OF METRO GOVT OF NASHVILLE AND DAVIDSON COUNTY 2009-08-01 12000000 CONSTRUCTION OF NEW FACILITIES FOR SCHOOL 0 0 0 A 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 SEAN R CASEY NEW HEAD OF SCHOOL ACQUIRING A RESIDENCE IN MIDDLE TENNESSEE FOR NEW HEAD OF SCHOOL AND FAMILY X 100000 100000 0 1 1 100000 D MATTHEW COWAN CHARIMAN OF THE BOARD 447370 HEALTH INSURANCE BROKER (COMMISSIONS ARE PAID BY BCBS) 0 X 2071 FMV X 8 302980 FMV 0 0 0 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 11 THE FINANCE COMMITTEE REVIEWS THE AUDIT REPORT IN DETAIL AS A GENERAL PRACTICE. THE FORM 990 IS DISTRIBUTED TO THE FINANACE 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 PIER POSITIONS AT OTHER SCHOOLS AND RECOMMENDS A NEW SALARY FOR A THREE YEAR CONTACT. 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: ROUNDING 103. 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.