2014-03-06T13:56:16-06:00 2013-06-30 621199757 LATTIMORE BLACK MORGAN & CAIN PC 5203 MARYLAND WAY PO BOX 1869 BRENTWOOD TN 370241869 990 2012-07-01 621138075 FRANKLIN ROAD ACADEMY INC FRAN 6158328845 4700 FRANKLIN ROAD NASHVILLE TN 37220 GLENN L SEAGRAVES 6158328845 2014-02-25 1 JILL HUDSON P00061190 6153774600 2012 2015-11-30 17:44:51Z GLENN L SEAGRAVES 4700 FRANKLIN ROAD NASHVILLE TN 37220 16653185 0 X WWW.FRANKLINROADACADEMY.COM X 1973 TN INSTRUCTIONAL & STUDENT ACTIVITIES CONDUCTED IN ORDER TO PREPARE STUDENTS INTELLECTUALLY FOR HIGHER LEVELS OF EDUCATION. 17 17 253 100 0 0 1818185 1592549 13490016 14198879 67277 176004 233777 136769 15609255 16104201 2093390 2188104 0 0 8313033 8686158 66000 35000 238117 6801445 10568560 17273868 21477822 -1664613 -5373621 35306124 29694231 11123481 10653049 24182643 19041182 FRANKLIN ROAD ACADEMY IS A COEDUCATIONAL, COLLEGE-PREPARATORY SCHOOL, SERVING QUALIFIED STUDENTS IN GRADES KINDERGARDEN THROUGH TWELVE. THE SCHOOL IS A CARING AND SUPPORTIVE COMMUNITY OF PARENTS, TEACHERS, AND STUDENTS WITHIN AN INCLUSIVE CHRISTIAN ENVIRONMENT. 0 0 17468412 2188104 14154023 INSTRUCTIONAL & STUDENT ACTIVITIES - (1) EDUCATION FOR GRADES K-12 FOR APPROXIMATELY 793 STUDENTS. (2) INSTRUCTION FOR ATHLETICS, BAND, DAY CARE AND DAY CAMP. 165599 119370 AUXILIARY ACTIVITIES - CAFETERIA, CONCESSIONS FOR ATHLETIC EVENTS, ANNUAL, BOOKSTORE AND SPECIAL STUDENT ACTIVITIES. 17634011 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 59 0 1 253 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 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 JEB BEASLEY 5.00 X 0 0 0 STEVE C CHAMBLISS 5.00 X 0 0 0 JOHN B COBEN 5.00 X 0 0 0 MATT COWAN 5.00 X 0 0 0 HARVEY A CROUCH 5.00 X X 0 0 0 DIANE CRUDELE 5.00 X X 0 0 0 CHRIS HOLMES 5.00 X 0 0 0 KIMBERLY JACKSON 5.00 X 0 0 0 KIM H LOONEY 5.00 X 0 0 0 STEVEN H MEDES 5.00 X 0 0 0 ELIZABETH R NEWMAN 5.00 X X 0 0 0 PAT PATTON 5.00 X 0 0 0 ALBERT RODEWALD 5.00 X 0 0 0 BETH SOMERS 5.00 X 0 0 0 JOHN C TISHLER 5.00 X 0 0 0 MARK WEEKS 10.00 X X 0 0 0 JOHN VON MOL 5.00 X 0 0 0 MARGARET W WADE 40.00 X 255208 0 22822 GLENN L SEAGRAVES 40.00 X 144460 0 14977 399668 0 37799 2 0 1 0 FIELDTURF USA INC 8088 MONTVIEW ROAD MONTREAL-T.M.R. CA H4P 2L7 FACILITY IMPROVEMENT 733767 SCHOOL FACILITY MANAGEMENT LLC 800 18TH AVENUE SOUTH SUITE A NASHVILLE TN 37203 JANITORIAL 426116 SERVICEFM LLC 800 18TH AVENUE SOUTH SUITE A NASHVILLE TN 37203 FACILITY IMPROVEMENT 210286 ENTERPRISE ELECTRIC LLC 1300 FT NEGLEY BLVD NASHVILLE TN 37203 FACILITY IMPROVEMENT 183492 BUCK OVERY CONSTRUCTION INC 600 42ND AVE N NASHVILLE TN 37209 FACILITY IMPROVEMENT 116226 5 116240 1476309 102493 1592549 TUITION AND FEES 900099 14079509 14079509 AUXILIARY ACTIVITIES 900099 103106 103106 ATHLETIC GATE RECEIPTS 900099 16264 16264 14198879 108627 108627 14363 0 14363 14363 14363 252443 994 186060 0 66383 994 67377 67377 410816 116240 362924 47892 47892 MISCELLANEOUS 900099 45012 45012 BAD DEBT RECOVERY 900099 29502 29502 74514 16104201 14273393 0 238259 2188104 2188104 437467 437467 6868876 5921982 946894 291298 206322 84976 558958 374516 184442 529559 346218 183341 44302 44302 34815 34815 35000 35000 23371 23371 45639 45639 162752 162752 371731 128708 243023 809176 444251 364925 20762 20762 17313 17313 -73646 -66281 -6628 -737 1549618 1394656 139466 15496 136545 136545 BAD DEBT EXPENSE 4397819 4397819 INSTRUCTION & STUDENT A 1394009 1394009 ATHLETICS 345258 345258 REPAIRS & MAINTENANCE 232389 232389 1056707 558449 309900 188358 21477822 17634011 3605694 238117 742901 7651 1586209 1533596 5559819 0 91436 284994 308139 0 42328697 17763115 23955368 24565582 3038252 3278408 24000 24000 35306124 29694231 682693 1267521 872809 710836 8250000 7800000 1317979 874692 11123481 10653049 X 13292198 15406308 8592092 1336521 2298353 2298353 24182643 19041182 35306124 29694231 X -5373621 232056 104 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3038252 121429 394541 275814 3278408 3023461 52957 52511 90677 3038252 2522190 58978 468146 25853 3023461 963780 1501000 44887 -12523 2522190 1203843 5762 -209826 35999 963780 0.06280 0.70110 0.23610 0 0 4962656 4962656 29242830 14143060 15099770 5354621 1561580 3793041 2734366 2058475 675891 34224 34224 24565582 INTEREST RATE SWAP CONTRACT 874692 874692 X 14657510 232056 363027 595083 14062427 2041774 2041774 16104201 19798971 362924 362924 19436047 2041775 2041775 21477822 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2013 AND 2012, 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, 2009. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES RECLASSIFIED FROM EXPENSES TO REVENUE 362,924. ROUNDING 103. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS RECLASSIFIED FROM INCOME 2,041,774. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES RECLASSIFIED FROM EXPENSES TO REVENUE 362,924. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS RECLASSIFIED FROM INCOME 2,041,774. ROUNDING 1. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. X X X X X 0 THOMPSON & ASSOCIATES 112 WESTWOOD PLACE SUITE 250 RENTWOOD TN 37027 CONSULTING 0 0 35000 -35000 35000 -35000 STARS & GUITARS DINNER & AUCTION 429788 116240 313548 260071 MAGAZINE SALES 34704 34704 49284 4 62564 62564 53569 527056 116240 410816 362924 362924 47892 EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE ORGANIZATION PAID THOMPSON & ASSOCIATES CONSULTING FEES IN CONNECTION WITH THEIR PLANNED GIVING CAMPAIGN. THOMPSON & ASSOCIATES DID NOT PARTICIPATE IN ANY DIRECT FUNDRAISING ACTIVITIES. 1 FINANCIAL AID 128 2041774 BASED ON CURRENT FEE STRUCTURE SCHOLARSHIPS FOR TUITION TURNER FELLOWS COLLEGE SCHOLARSHIPS 14 77500 X X X X 0 0 0 0 0 0 0 0 0 MARGARET W WADE 0 0 255208 0 0 0 15281 0 7541 0 278030 0 0 0 GLENN L SEAGRAVES 0 0 144460 0 0 0 8634 0 6343 0 159437 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 D MATTHEW COWAN TRUSTEE 774617 HEALTH INSURANCE BROKER (COMMISSIONS ARE PAID BY BCBS) 0 X 3 102493 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 E-MAILED TO ALL BOARD MEMBERS AND APPROVED BY THOSE BOARD MEMBERS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ROUNDING 104. 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. SCHEDULE OF CONTRIBUTIONS SCHEDULE B THE AMOUNT OF CONTRIBUTIONS REPORTED ON SCHEDULE B DIFFERS FROM THE AMOUNT REPORTED ON PAGE 9, PART VIII LINE 1F. THIS RESULTS FROM THE ORGANIZATION'S METHOD OF REPORTING CONTRIBUTIONS FOR FINANCIAL PURPOSES VERSUS THE METHOD THEIR SOFTWARE TRACTS CONTRIBUTIONS FOR PURPOSES OF SCHEDULE B REPORTING. THE ORGANIZATION REPORTS PLEDGES AS INCOME IN THE YEAR MADE, BUT THEIR SCHEDULE B REPORTING SOFTWARE TRACKS CONTRIBUTIONS AS THE PAYMENTS ARE RECEIVED. THIS HAS RESULTED IN THE AMOUNT OF CONTRIBUTIONS REPORTED ON THE SCHEDULE B TO BE DIFFERENT THAN THE AMOUNT REPORTED AS CONTRIBUTIONS ON THIS RETURN.