2011-04-11T09:52:20-05:00 2010-06-30 LATTIMORE BLACK MORGAN & CAIN PC 5203 MARYLAND WAY PO BOX 1869 BRENTWOOD TN 370241869 990 2009-07-01 621138075 FRANKLIN ROAD ACADEMY INC FRAN 6158328845 4700 FRANKLIN ROAD NASHVILLE TN 37220 Glenn Seagraves 6158328845 2011-04-06 1 JILL HUDSON 6153774600 2009 2016-02-24 21:20:13Z Glenn Seagraves 4700 Franklin Road Nashville TN 37220 25319596 0 X WWW.franklinroadacademy.com X 1973 TN INSTRUCTIONAL & STUDENT ACTIVITIES CONDUCTED IN ORDER TO PREPARE STUDENTS INTELLECTUALLY FOR HIGHER LEVELS OF EDUCATION. 23 23 282 76 -1175 0 1107780 11921611 12736264 12528838 52211 -6785 101197 207294 13997452 24650958 266415 692454 0 9001355 8531789 66000 33170 336066 6300163 5840539 15633933 15097952 -1636481 9553006 32858265 38426051 16214463 12177348 16643802 26248703 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 10989869 692454 12385916 INSTRUCTIONAL & STUDENT ACTIVITIES - (1) EDUCATION FOR GRADES K-12 FOR APPROXIMATELY 848 STUDENTS. (2) INSTRUCTION FOR ATHLETICS, BAND, DAY CARE AND DAY CAMP. 186543 142922 AUXILIARY ACTIVITIES - CAFETERIA, CONCESSIONS FOR ATHLETIC EVENTS, ANNUAL, BOOKSTORE AND SPECIAL STUDENT ACTIVITIES. 11176412 1 1 0 0 0 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 0 0 0 0 0 0 0 0 0 1 30 0 1 282 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 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 Sterling R Ambrose 5.00 X 0 0 0 Joe P Bowen 5.00 X 0 0 0 John B Coben 5.00 X 0 0 0 David P Demarco 5.00 X X 0 0 0 Thomas L Herbert V 5.00 X 0 0 0 Kimberly Jackson 5.00 X 0 0 0 Melanie Jackson 5.00 X 0 0 0 Dr Ralph A Korpman 5.00 X 0 0 0 Stephen C Lynn 1.00 X 0 0 0 Gary Marcum 5.00 X 0 0 0 Elizabeth R Newman 5.00 X 0 0 0 Craig E Philip 10.00 X X 0 0 0 Beth Somers 5.00 X 0 0 0 Lawrence Clifton Tant Jr 5.00 X 0 0 0 Matt Cowan 5.00 X X 0 0 0 Margaret W Wade 50.00 X X 291286 0 26963 Steve C Chambliss 5.00 X 0 0 0 Harvey A Crouch 5.00 X 0 0 0 Diane Crudele 5.00 X 0 0 0 Glenn R Funk 5.00 X 0 0 0 Jeffrey Hunter 5.00 X 0 0 0 Kim Harvey Looney 5.00 X 0 0 0 Albert Rodewald 5.00 X 0 0 0 Laurie Seabury 5.00 X 0 0 0 Michael John Taylor 5.00 X 0 0 0 Richard Tomichek 5.00 X 0 0 0 Joe Collignon Jr 1.00 X 0 0 0 Glenn Seagraves 40.00 X 136054 0 12759 Steven H Harris 40.00 X 104054 0 6732 David Pack 40.00 X 153054 0 13788 684448 0 60242 4 0 1 0 School Facility Management LLC 800 18th Avenue South Suite A Nashville TN 37203 Janitorial 470105 1 11921611 23407 11921611 Tuition and Fees 900099 12365688 12365688 Auxiliary Activities 900099 142922 142922 Athletic Gate Receipts 900099 20228 20228 12528838 51082 51082 18962 1421 17541 17541 -1175 18716 432091 799 481835 8922 -49744 -8123 -57867 -57867 351191 176460 174731 174731 Miscellaneous 900099 15022 15022 15022 24650958 12543860 -1175 186662 692454 692454 744691 744691 6383600 5670674 541026 171900 319263 255317 47842 16104 551453 409895 106756 34802 532782 380697 111022 41063 88037 88037 33170 33170 82834 82834 468090 165784 302306 743334 431784 311550 24188 24188 29375 29375 804853 724367 72437 8049 1529059 1376153 137615 15291 122154 122154 Repairs & Maintenance 404325 404325 Athletics 375917 375917 Bad Debt Expense 270909 270909 Bookstore 249432 249432 Instructional materials 157156 157156 490876 286782 188407 15687 15097952 11176412 3585474 336066 13400 18928 5499842 2865818 447524 8514257 393772 318180 38786776 14624098 25508208 24162678 971519 2522190 24000 24000 32858265 38426051 1539077 1821383 675386 555965 14000000 9800000 16214463 12177348 X 14489883 14077340 1355566 9873010 798353 2298353 16643802 26248703 32858265 38426051 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 963780 1501000 44887 -54905 2564572 1203843 5762 -209826 35999 963780 0.04000 0.90000 0.06000 0 0 4962656 4962656 29105132 10849971 18255161 2036813 1733421 303392 2682175 2040706 641469 0 24162678 24650958 15097952 9553006 51895 51895 9604901 24948138 51894 860982 912876 24035262 615696 615696 24650958 15343237 860981 860981 14482256 615696 615696 15097952 Part X: Description of Uncertain Tax Positions Under FIN 48: 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, 2010, 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 unter the statue of limitations by the Internal Revenue Service for the years ended after June 30, 2006. Part XII, Line 2d - Other Adjustments: Reclassify Rental Expenses : 1421. fundraising expenses reclassified from expenses to revenue : 176460. Rounding adjustment: 1. Financial aid to students reclassified from expenses: 683100. Part XII, Line 4b - Other Adjustments: Financial Aid to students reclassified from income : 615696. Part XIII, Line 2d - Other Adjustments: Reclassify Rental Expenses : 1421. fundraising expenses reclassified from expenses to revenue : 176460. Financial aid to students reclassified from expenses: 683100. Part XIII, Line 4b - Other Adjustments: Financial Aid to students reclassified from income : 615696. 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 X X X X X 0 Thompson & Associates Consulting 0 0 33170 -33170 33170 -33170 Festival & Pizzazz/Stars & Guitars 275621 275621 2600 67515 Magazine Sales 52923 52923 56395 4 22647 22647 49950 351191 351191 2600 173860 176460 174731 1 FINANCIAL AID 86 615696 BASED ON CURRENT FEE STRUCTURE Scholarships for Tuition College scholarships 11 76758 X X X 0 0 0 0 0 0 0 0 0 Margaret W Wade 241185 0 50101 0 0 0 14471 0 12492 0 318249 0 0 0 David Pack 153000 0 54 0 0 0 9180 0 4608 0 166842 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 Matt Cowan Board member 820733 Payments for Insurance 0 Beth Somers Board member 26090 Payments for Services 0 Jim Seabury Husband of board member 16057 Payments for electrical services 0 X 2 23407 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. 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 G, Part I, Line 2b, Column (v) Explanation of Fundraising Payments The organization paid Thompson & Associates consulting fees in connection with their planned giving campaign. Thompson & Associates did not participate in any direct fundraising activities. Schedule B Schedule of Contributions 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.