2013-02-14T15:59:53-06:00 2012-06-30 621199757 LATTIMORE BLACK MORGAN & CAIN PC 5203 MARYLAND WAY PO BOX 1869 BRENTWOOD TN 370241869 990 2011-07-01 621138075 FRANKLIN ROAD ACADEMY INC FRAN 6158328845 4700 FRANKLIN ROAD NASHVILLE TN 37220 GLENN L SEAGRAVES 6158328845 2013-02-14 1 JILL HUDSON P00061190 6153774600 2011 2016-03-07 17:11:31Z GLENN L SEAGRAVES 4700 FRANKLIN ROAD NASHVILLE TN 37220 16249308 0 X WWW.FRANKLINROADACADEMY.COM X 1973 TN INSTRUCTIONAL & STUDENT ACTIVITIES CONDUCTED IN ORDER TO PREPARE STUDENTS INTELLECTUALLY FOR HIGHER LEVELS OF EDUCATION. 23 23 262 80 -1677 0 2075033 1818185 11740830 13490016 101145 67277 351684 233777 14268692 15609255 983640 2093390 0 0 8502989 8313033 66000 66000 382647 5464137 6801445 15016766 17273868 -748074 -1664613 36933686 35306124 11049305 11123481 25884381 24182643 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 12950139 2093390 13426316 INSTRUCTIONAL & STUDENT ACTIVITIES - (1) EDUCATION FOR GRADES K-12 FOR APPROXIMATELY 815 STUDENTS. (2) INSTRUCTION FOR ATHLETICS, BAND, DAY CARE AND DAY CAMP. 162872 99826 AUXILIARY ACTIVITIES - CAFETERIA, CONCESSIONS FOR ATHLETIC EVENTS, ANNUAL, BOOKSTORE AND SPECIAL STUDENT ACTIVITIES. 13113011 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 0 1 49 0 1 262 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X X PAIGE BARNES 6153694474 4700 FRANKLIN ROAD NASHVILLE TN NASHVILLE TN 37220 LISA SLIPKOVICH 10.00 X 0 0 0 STERLING R AMBROSE 5.00 X 0 0 0 HARVEY A CROUCH 5.00 X 0 0 0 CHRIS HOLMES 5.00 X 0 0 0 KIMBERLY JACKSON 5.00 X 0 0 0 KIM HARVEY LOONEY 10.00 X 0 0 0 GARY MARCUM 5.00 X 0 0 0 CRAIG E PHILIP 5.00 X 0 0 0 LAURIE SEABURY 5.00 X 0 0 0 BETH SOMERS 5.00 X 0 0 0 JOHN TISHLER 5.00 X 0 0 0 MARK WEEKS 5.00 X 0 0 0 GLENN R FUNK 10.00 X 0 0 0 DOUG BERRY 5.00 X 0 0 0 DIANE CRUDELE 5.00 X 0 0 0 ALBERT RODEWALD 5.00 X 0 0 0 BETH SOMERS 5.00 X 0 0 0 ELIZABETH R NEWMAN 10.00 X 0 0 0 JOHN B COBEN 10.00 X 0 0 0 STEVE C CHAMBLISS 5.00 X 0 0 0 RICHARD TOMICHEK 10.00 X 0 0 0 EDDIE ALEXANDER 5.00 X 0 0 0 MARGARET W WADE 40.00 X 221125 0 40354 DAVID M PACK JR 40.00 X 164984 0 22861 GLENN L SEAGRAVES 40.00 X 124108 0 23458 STEVEN H HARRIS 40.00 X 90932 0 19944 MATT COWAN 10.00 X 0 0 0 601149 0 106617 3 0 1 0 SCHOOL FACILITY MANAGEMENT LLC 800 18TH AVENUE SOUTH SUITE A NASHVILLE TN 37203 JANITORIAL 491015 1 119200 1698985 115522 1818185 TUITION AND FEES 900099 13390190 13390190 AUXILIARY ACTIVITIES 900099 84371 84371 ATHLETIC GATE RECEIPTS 900099 15455 15455 13490016 96890 96890 19959 1907 18052 18052 -1677 19729 69896 747 72021 28235 -2125 -27488 -29613 -29613 717489 119200 537890 179599 179599 BAD DEBT RECOVERY 900099 28010 28010 MISCELLANEOUS 900099 8116 8116 36126 15609255 13526142 -1677 266605 2093390 2093390 707766 707766 6304271 5416438 705313 182520 238744 209124 12518 17102 540396 385246 118190 36960 521856 352607 125645 43604 20810 20810 46267 46267 66000 66000 20782 20782 15250 15250 141096 141096 442588 184344 258244 704500 389012 315488 26667 26667 34081 34081 1000104 900094 90009 10001 1322152 1189936 118994 13222 145288 145288 INSTRUCTION & STUDENT A 1073856 1073856 REPAIRS & MAINTENANCE 551432 551432 ATHLETICS 422243 422243 INSTRUCTIONAL MATERIALS 150587 150587 683742 346134 324370 13238 17273868 13113011 3778210 382647 773947 742901 3566778 1586209 6171234 5559819 363605 91436 206993 308139 40456657 16501289 23623507 23955368 2203622 3038252 24000 24000 36933686 35306124 1113112 682693 525831 872809 8700000 8250000 710362 1317979 11049305 11123481 X 13402481 13292198 10183547 8592092 2298353 2298353 25884381 24182643 36933686 35306124 X -1664613 -37125 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3023461 52957 52511 90677 3038252 2522190 58978 468146 25853 3023461 963780 1501000 44887 -12523 2522190 1203843 5762 -209826 35999 963780 0.06000 0.75650 0.18350 0 0 4962656 4962656 29176002 13383968 15792034 3491474 1575126 1916348 2575754 1542195 1033559 250771 250771 23955368 INTEREST RATE SWAP CONTRACT 1317979 1317979 15609255 17273868 -1664613 -37374 250 -1 -37125 -1701738 14058875 -37374 250 539797 502673 13556202 2053053 2053053 15609255 15760613 539797 539797 15220816 2053052 2053052 17273868 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012 AND 2011, 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 STATUE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE FOR THE YEARS ENDED AFTER JUNE 30, 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: ROUNDING -1. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFY RENTAL EXPENSES 1,907. FUNDRAISING EXPENSES RECLASSIFIED FROM EXPENSES TO REVENUE 537,890. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS RECLASSIFIED FROM INCOME 2,053,052. ROUNDING 1. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFY RENTAL EXPENSES 1,907. FUNDRAISING EXPENSES RECLASSIFIED FROM EXPENSES TO REVENUE 537,890. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS RECLASSIFIED FROM INCOME 2,053,052. 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 66000 -66000 66000 -66000 STARS & GUITARS DINNER & AUCTION 747491 119200 628291 465652 MAGAZINE SALES 43474 43474 54406 4 45724 45724 17832 836689 119200 717489 537890 537890 179599 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 195 2053052 BASED ON CURRENT FEE STRUCTURE SCHOLARSHIPS FOR TUITION TURNER FELLOWS COLLEGE SCHOLARSHIPS 12 40338 X X X X 0 0 0 0 0 0 0 0 0 MARGARET W WADE 221024 0 101 0 0 0 24065 0 16289 0 261479 0 0 0 DAVID M PACK JR 164933 0 51 0 0 0 13699 0 9162 0 187845 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 D MATTHEW COWAN CHARIMAN OF THE BOARD 754645 HEALTH INSURANCE BROKER (COMMISSIONS ARE PAID BY BCBS) 0 X 1 925 FMV X 1921 FMV X 2 28440 FMV X SPORTS EQUIPMENT 3 7950 X CONSTRUCTION WORK 1 8060 X TELEPHONE SYSTEM 1 68226 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -37,374. DONATED SERVICES AND USE OF FACILITIES: 250. ROUNDING -1. TOTAL TO FORM 990, PART XI, LINE 5: -37,125. 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.