Republic Schools Nashville
- Assets
- $40.5m
- Revenue
- $24.8m
- Investments
- $0.0
- Employees
- 245
- Location
- Nashville, TN
- Founding
- 03/2011
- Data as of
- 06/2022
- EIN
- 27-3342540
Organization Overview
Republic Schools Nashville is located in Nashville, TN. The organization was established in 2011. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Republic Schools Nashville employed 245 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Republic Schools Nashville is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Republic Schools Nashville generated $24.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $21.0m during the year ending 06/2022. While expenses have increased by 7.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO REIMAGINE PUBLIC EDUCATION IN THE SOUTH AND PREPARE ALL OF OUR SCHOLARS TO GRADUATE FROM COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGE A NETWORK OF PUBLIC CHARTER SCHOOLS IN NASHVILLE, TN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Berry Board Chair | OfficerTrustee | 5 | $0 |
Julie Hanks Board Member | Trustee | 2 | $0 |
Drake Jarman Board Member | Trustee | 2 | $0 |
Miranda Christy Secretary | OfficerTrustee | 2 | $0 |
Annette Green Board Member | Trustee | 2 | $0 |
Diarese George Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wise Coaches Inc Student Transportation | 6/29/22 | $1,410,795 |
Sla Management Student Food Service | 6/29/22 | $519,736 |
Project Play Therapy Pediatric Therapy Servies | 6/29/22 | $308,872 |
Stratus Of Nashville Janitorial Services | 6/29/22 | $277,292 |
Technology Lab Technology Support | 6/29/22 | $170,922 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $316,381 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,459,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,775,563 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,775,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,491,687 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,179,800 |
| Insurance | $184,942 |
| All other expenses | $2,919,523 |
| Total functional expenses | $20,954,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,599,264 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,563,939 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $72,576 |
| Net Land, buildings, and equipment | $16,117,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,103,491 |
| Total assets | $40,457,042 |
| Accounts payable and accrued expenses | $1,784,699 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,686,536 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,362,347 |
| Total liabilities | $22,833,582 |
| Net assets without donor restrictions | $17,623,460 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $40,457,042 |