Franklin Road Academy Inc

Organization Overview

Franklin Road Academy Inc is located in Nashville, TN. The organization was established in 1983. 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 06/2021, Franklin Road Academy Inc employed 306 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Road Academy Inc 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 06/2021, Franklin Road Academy Inc generated $31.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $24.1m during the year ending 06/2021. While expenses have increased by 5.9% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE A CHALLENGING EDUCATIONAL EXPERIENCE IN AN INCLUSIVE CHRISTIAN COMMUNITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTRUCTIONAL & STUDENT ACTIVITIES - EDUCATION FOR GRADES K-12 FOR APPROXIMATELY 900 STUDENTS, INSTRUCTION FOR ATHLETICS, BAND, DAY CARE AND DAY CAMP, AND AUXILIARY ACTIVITIES (CAFETERIA, CONCESSIONS FOR ATHLETIC EVENTS, ANNUAL, BOOKSTORE AND SPECIAL STUDENT ACTIVITIES).


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sage Dining Services
Food Service
$928,700
4m Building Solutions Inc
Janitorial
$407,691
D F Chase Inc
Construction
$3,007,756
Advent
Contractor
$256,105
Maynard Select Llc
Plumbing Contractor
$249,392
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$187,711
Related organizations$0
Government grants $2,063,100
All other contributions, gifts, grants, and similar amounts not included above$5,627,972
Noncash contributions included in lines 1a–1f $634,096
Total Revenue from Contributions, Gifts, Grants & Similar$7,878,783
Total Program Service Revenue$22,787,925
Investment income $94,380
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $16,300
Net Gain/Loss on Asset Sales $92,715
Net Income from Fundraising Events $59,603
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $31,046,189

Grants Recieved

Over the last fiscal year, we have identified 27 grants that Franklin Road Academy Inc has recieved totaling $2,247,122.

Awarding OrganizationAmount
Cal Turner Family Foundation Inc

Nashville, TN

PURPOSE: CAPITAL CAMPAIGN CHALLENGE GRANT

$1,000,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$321,500
American Endowment Foundation

Hudson, OH

PURPOSE: EDUCATIONAL

$225,000
Mick Foundation

Brentwood, TN

PURPOSE: CHARITABLE

$106,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$100,000
Cal Turner Family Foundation Inc

Nashville, TN

PURPOSE: 2021 FRA TURNER FELLOWS STIPENDS AND 2020 FRA TURNER FELLOWS SCHOLARSHIPS

$88,800
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,961,258
Earnings$1,342,126
Admin Expense$649,598
Net Contributions$978,317
Ending Balance$6,632,103

Peer Organizations

Organization NameAssets
Ensworth School
Nashville, TN
$44,175,360
Freedom Preparatory Academy Inc
Memphis, TN
$33,295,008
Cannon School Inc
Concord, NC
$28,580,834
Thales Academy
Raleigh, NC
$55,473,682
Mt Paran Christian School Inc
Kennesaw, GA
$29,889,603
Franklin Road Academy Inc
Nashville, TN
$31,046,189
Brentwood Academy Inc
Brentwood, TN
$25,930,047
Lake Norman Charter School Inc
Huntersville, NC
$25,126,213
Greensboro Independent School Corporation
Greensboro, NC
$22,760,621
Jackson Academy Inc
Jackson, MS
$26,664,882
Trinity School Inc
Atlanta, GA
$25,058,941
Carolina Day School Inc
Asheville, NC
$19,874,947

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