2026-05-12T14:14:36-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2024-07-01 621138075 FRANKLIN ROAD ACADEMY INC FRAN 6158328845 4700 FRANKLIN ROAD NASHVILLE TN 37220 LAURA TURNER ASSISTANT HOS FOR FINANCE & OPS 6158328845 2026-05-09 1 1 KERRI N BOGDA P00760402 6152427351 2026-05-08 2024 2025-03-06 01:10:19Z LAURA TURNER 4700 FRANKLIN ROAD NASHVILLE TN 37220 48485983 0 X WWW.FRANKLINROADACADEMY.COM X 1973 TN TO PROVIDE A CHALLENGING EDUCATIONAL EXPERIENCE IN AN INCLUSIVE CHRISTIAN COMMUNITY 22 22 403 223 0 0 11347242 7572139 30988155 33739302 339718 657395 312619 20898 42987734 41989734 2120049 2403581 0 0 17507364 19497375 0 0 1192852 11787151 11903303 31414564 33804259 11573170 8185475 78573645 103862125 9393315 25605994 69180330 78256131 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 30396046 2403581 33739302 INSTRUCTIONAL & STUDENT ACTIVITIES - EDUCATION FOR GRADES PRE K-12 FOR APPROXIMATELY 1,000 STUDENTS, INSTRUCTION FOR ATHLETICS, BAND, DAY CARE AND DAY CAMP, AND AUXILIARY ACTIVITIES (CAFETERIA, CONCESSIONS FOR ATHLETIC EVENTS, ANNUAL, BOOKSTORE AND SPECIAL STUDENT ACTIVITIES). 30396046 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 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 60 0 403 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 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 RANDY CHASE BOARD CHAIR 5.00 0.00 X X 0 0 0 ROSEMARY PLORIN SECRETARY 5.00 0.00 X X 0 0 0 JARED ALLEN TRUSTEE 5.00 0.00 X 0 0 0 PENNY AUSTERMILLER TRUSTEE 5.00 0.00 X 0 0 0 TOMMY AXFORD TRUSTEE 5.00 0.00 X 0 0 0 JEB BEASLEY TRUSTEE 5.00 0.00 X 0 0 0 VICTOR BERRIOS TRUSTEE 5.00 0.00 X 0 0 0 JAZ BOON TRUSTEE 5.00 0.00 X 0 0 0 JESSICA BOYD TRUSTEE 5.00 0.00 X 0 0 0 SARA ELIZABETH BRADFORD TRUSTEE 5.00 0.00 X 0 0 0 KARLA CALDERON TRUSTEE 5.00 0.00 X 0 0 0 MATT CASSEL TRUSTEE 5.00 0.00 X 0 0 0 FLORENCE CHASSAIGNAC TRUSTEE 5.00 0.00 X 0 0 0 MATTHEW DENMARK TRUSTEE 5.00 0.00 X 0 0 0 GINA LATENDRESSE TRUSTEE 5.00 0.00 X 0 0 0 RICHARD MCRAE III TRUSTEE 5.00 0.00 X 0 0 0 SHAKA MITCHELL TRUSTEE 5.00 0.00 X 0 0 0 JAIMIE ROBINSON TRUSTEE 5.00 0.00 X 0 0 0 ANDREW SOHR TRUSTEE 5.00 0.00 X 0 0 0 WILL TRAPP TRUSTEE 5.00 0.00 X 0 0 0 GABRIELLE WESLEY TRUSTEE 5.00 0.00 X 0 0 0 JASON ZACHARIAH TRUSTEE 5.00 0.00 X 0 0 0 STEVE HALAS TRUSTEE (UNTIL 05/25) 5.00 0.00 X 0 0 0 SEAN CASEY HEAD OF SCHOOL 60.00 0.00 X 697075 0 35078 LAURA TURNER ASSISTANT HOS FOR FINANCE AND OPS. 50.00 0.00 X 211466 0 75597 RYAN HARRIS ASSISTANT HOS FOR EXTERNAL AFFAIRS 50.00 0.00 X 182736 0 56742 ERIC JOHNSON ASSISTANT HOS FOR ACADEMIC & STUDENT AFFAIRS 50.00 0.00 X 160182 0 22433 RICHARD B WEST HEAD OF LOWER SCHOOL 50.00 0.00 X 158067 0 13046 JAY SALATO HEAD OF UPPER SCHOOL 40.00 0.00 X 143378 0 19272 KRISTIN PALMERTON DIRECTOR OF ATHLETICS 40.00 0.00 X 153665 0 14873 JUSTIN GEISINGER HEAD COACH VARSITY FOOTBALL 50.00 0.00 X 165160 0 57254 1871729 0 294295 18 0 1 0 BRASFIELD & GORRIE 1201 DEMONBREUN ST SUITE 200 NASHVILLE TN 37203 GENERAL CONTRACTOR SERVICE 20181052 SAGE DINING SERVICES 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 1512144 GOODRUM CONSTRUCTION 249 CARGILE LAND NASHVILLE TN 37205 GENERAL CONTRACTOR SERVICE 675284 4M BUILDING SOLUTIONS INC PO BOX 870784 KANSAS CITY MO 641870784 JANITORIAL SERVICE 616547 ANECDOTE 508 HOUSTON STREET NASHVILLE TN 37203 ARCHITECTURAL DESIGN SERVICE 317806 7 630508 6941631 854213 7572139 TUITION AND FEES 611710 31654649 31654649 ANCILLARY ACTIVITIES 611710 1814449 1814449 ATHLETIC GATE RECEIPTS 611710 270204 270204 33739302 652146 652146 42118 0 42118 42118 42118 6152029 6111678 35102 40351 -35102 5249 5249 306375 630508 349469 -43094 -43094 REBATES 900099 19313 19313 BAD DEBT RECOVERY 900099 2561 2561 21874 41989734 33739302 0 678293 2403581 2403581 1277157 230779 610254 436124 14110438 13353650 417947 338841 657794 575475 66124 16195 2363625 2008927 263364 91334 1088361 882570 148317 57474 60846 60846 94324 94324 42607 42607 62873 62873 51303 51303 151786 111778 19037 20971 606441 320170 167188 119083 462815 461682 884 249 2359740 2301354 46750 11636 76396 68736 7660 152119 148626 2727 766 2529309 2471233 45336 12740 374921 366313 6720 1888 CAFETERIA EXPENSE 1211759 1211759 MATERIALS AND SUPPLIES 1113154 1093726 14959 4469 ATHLETIC EXPENSE 746928 746928 STUDENT EVENT EXPENSES 600553 600553 1205429 1038206 86141 81082 33804259 30396046 2215361 1192852 1495 1495 10289877 12960266 5938721 5298559 583442 844906 846026 107863313 36323815 47978588 71539498 7774330 9158972 5431061 3188403 576131 24000 78573645 103862125 2432083 5977785 4041077 4474332 2887685 15140738 32470 13139 9393315 25605994 X 49301680 51529808 19878650 26726323 69180330 78256131 78573645 103862125 X 8185475 870994 19332 X 0 1 X 1 0 X 7878783 5703373 12463399 11347242 7572139 44964936 7878783 5703373 12463399 11347242 7572139 44964936 7623100 37341836 203395 152208 331939 697557 694264 2079363 59603 59603 116483 164675 185824 290702 21874 779558 47883460 141660330 0.77980 0.73010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 116,483. 2021 AMOUNT: $ 164,675. 2022 AMOUNT: $ 185,824. 2023 AMOUNT: $ 286,906. BAD DEBT RECOVERY - 2023 AMOUNT: $ 3,796. 2024 AMOUNT: $ 2,561. REBATES - 2024 AMOUNT: $ 19,313. SCHEDULE A, PART I: BOX 2 AND 7, PART II FRANKLIN ROAD ACADEMY IS DETERMINED TO BE A PUBLIC CHARITY BECAUSE IT IS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). SCHEDULE E HAS BEEN COMPLETED AND ATTACHED. FOR PURPOSES OF SCHEDULE A, THE ORGANIZATION HAS COMPLETED PART II IN ORDER TO APPLY THE SPECIAL RULE ON SCHEDULE B AND DISCLOSED DONORS GREATER THAN 2% INSTEAD OF ALL DONORS GREATER THAN $5,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6164820 2192980 839101 37929 9158972 5661716 533118 30014 6164820 5301380 390414 30078 5661716 5760304 30000 -459580 29344 5301380 4361617 250000 1177128 28441 5760304 0.24000 0.28700 0.47300 0 0 6178292 6178292 58548830 32215254 26333576 11544308 1844185 9700123 2914637 2264376 650261 28677246 28677246 71539498 INTEREST RATE SWAP CONTRACT 13139 13139 X 40763075 870994 -2447122 -1576128 42339203 -349469 -349469 41989734 31687274 349469 349469 31337805 2466454 2466454 33804259 PART V, LINE 4: THE ENDOWMENT DRAW, IF ANY, IS USED FOR SCHOLARSHIPS AND OTHER PROGRAM OR GENERAL EXPENSES, AS APPROVED OR PREDETERMINED BY THE ENDOWMENT RESTRICTIONS. IN THE CURRENT YEAR, BOARD-DESIGNATED ENDOWMENTS WERE ADDED AS CONTRIBUTIONS TO THE OTHER ENDOWMENT FUNDS TO GIVE A FULLER PICTURE OF THE ORGANIZATION'S ENDOWMENT ENVIRONMENT. 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: CHANGE IN VALUE OF INTEREST RATE SWAP 19,332. FINANCIAL AID (NETTED AGAINST TUITION FOR AUDIT PURPOSES) -2,403,581. INVESTMENT MANAGEMENT FEES -62,873. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES -349,469. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 349,469. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID (NETTED AGAINST TUITION FOR AUDIT PURPOSES) 2,403,581. INVESTMENT MANAGEMENT FEES 62,873. 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 936883 630508 306375 28223 197908 10500 112838 936883 630508 306375 28223 197908 10500 112838 349469 -43094 1 FINANCIAL AID TO STUDENTS ATTENDING FRANKLIN ROAD ACADEMY 167 2403581 COST 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 0 0 0 0 0 0 0 0 0 SEAN CASEY HEAD OF SCHOOL 531563 0 165512 0 0 0 27600 0 7478 0 732153 0 0 0 LAURA TURNER ASSISTANT HOS FOR FINANCE AND OPS. 203959 0 7507 0 0 0 17564 0 58033 0 287063 0 0 0 RYAN HARRIS ASSISTANT HOS FOR EXTERNAL AFFAIRS 175195 0 7541 0 0 0 15529 0 41213 0 239478 0 0 0 JUSTIN GEISINGER HEAD COACH VARSITY FOOTBALL 164619 0 541 0 0 0 5104 0 52150 0 222414 0 0 0 ERIC JOHNSON ASSISTANT HOS FOR ACADEMIC & STUDENT 159641 0 541 0 0 0 0 0 22433 0 182615 0 0 0 RICHARD B WEST HEAD OF LOWER SCHOOL 157526 0 541 0 0 0 12595 0 451 0 171113 0 0 0 KRISTIN PALMERTON DIRECTOR OF ATHLETICS 153124 0 541 0 0 0 12397 0 2476 0 168538 0 0 0 JAY SALATO HEAD OF UPPER SCHOOL 134837 0 8541 0 0 0 11549 0 7723 0 162650 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 B NASHVILLE FINANCE AUTHORITY 521304598 2024-04-05 17165000 PHASE V CONSTRUCTION 0 0 0 A 9600000 12000000 12000000 2006 1 0 1 1 B 17165000 184299 12879731 4285269 2025 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 1 TRUIST BANK (FKA SUNTRUST) 25.000000000000 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 A 0 B 0 SCHEDULE K, POLICY QUESTIONS: THE ORGANIZATION UNDERSTANDS ITS RESPONSIBILITY REGARDING SAFE HARBOR REGULATIONS RELATED TO BOND ISSUANCES AND TAKES CARE TO ENSURE THE BOND ISSUES DO NOT BECOME NONCOMPLIANT. THE 2009 BOND ISSUE WAS A CURRENT REFUNDING AND NO BOND PROCEEDS WERE HELD BACK OR INVESTED. THE 2024 BOND ISSUE WAS A DRAWDOWN BOND ISSUE. THE ORGANIZATION ONLY RECEIVED BOND PROCEEDS WHEN NECESSARY TO PAY EXPENSES ON THE CONSTRUCTION PROJECT PARTIALLY FUNDED BY THE BOND ISSUE. THE ORGANIZATION WILL CONTINUE ITS MONITORING AND ENSURE THAT ALL TRANSACTIONS RELATED TO THE BOND ISSUES ARE APPROPRIATE AND WITHIN REGULATORY STANDARDS. PER IRS INSTRUCTIONS NAMES ARE NOT MADE PUBLIC PER IRS INSTRUCTIONS, INTERESTED PERSONS ARE NOT INDIVIDUALLY NAMED. 122560 TUITION REMISSION EMPLOYEE BENEFIT X 16 471535 NYSE X SILENT AUCTION ITEMS 304 382678 COMPARABLE SALES 0 0 1 0 PART I, COLUMN (B): PART I, COLUMN (B) IS THE 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 FORM. THE FORMS EXPLICITLY STATE THAT FAMILY AND BUSINESS REALATIONHIPS CAN BE SOURCES OF POTENTIAL CONFLICTS. 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 ON INTEREST RATE SWAP 19,332.