Franklin Road Academy Inc
- Assets
- $57.5m
- Revenue
- $31.7m
- Investments
- $0.0
- Employees
- 336
- Location
- Nashville, TN
- Founding
- 05/1983
- Data as of
- 06/2022
- EIN
- 62-1138075
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 06/2022, Franklin Road Academy Inc employed 336 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 06/2022, Franklin Road Academy Inc generated $31.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $27.0m during the year ending 06/2022. While expenses have increased by 6.7% 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 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 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).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Sean Casey Head Of School | Officer | 60 | $394,346 |
Mrs Laura Turner Director Of Finance And Operations | Officer | 50 | $165,208 |
Mr Caleb P Stabler Head Of Upper School | 40 | $156,257 | |
Mr Richard B West Head Of Lower School | 40 | $146,126 | |
Mr Kristin Palmerton Director Of Athletics | 40 | $140,552 | |
Mr Ryan Harris Head Of Middle School | 40 | $133,382 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Food Service | 6/29/22 | $1,185,930 |
Laptop Schools Computer Equipment | 6/29/22 | $975,017 |
Goodrum Construction Llc Construction | 6/29/22 | $794,123 |
The Parent Company Construction Management | 6/29/22 | $486,807 |
4m Building Solutions Inc Janitorial | 6/29/22 | $536,852 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $550,815 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,152,558 |
| Noncash contributions included in lines 1a–1f | $508,860 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,703,373 |
| Total Program Service Revenue | $25,825,972 |
| Investment income | $138,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,817 |
| Net Gain/Loss on Asset Sales | $10,186 |
| Net Income from Fundraising Events | -$148,294 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,732,934 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,971,755 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $741,658 |
| Compensation of current officers, directors, key employees. | $356,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,611,779 |
| Pension plan accruals and contributions | $517,837 |
| Other employee benefits | $1,819,065 |
| Payroll taxes | $825,577 |
| Fees for services: Management | $44,374 |
| Fees for services: Legal | $16,802 |
| Fees for services: Accounting | $33,072 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,816 |
| Fees for services: Other | $0 |
| Advertising and promotion | $215,430 |
| Office expenses | $448,245 |
| Information technology | $451,197 |
| Royalties | $0 |
| Occupancy | $1,930,540 |
| Travel | $102,089 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $141,364 |
| Interest | $347,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,483,597 |
| Insurance | $259,681 |
| All other expenses | $1,231,921 |
| Total functional expenses | $26,957,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,485 |
| Savings and temporary cash investments | $7,233,981 |
| Pledges and grants receivable | $99,000 |
| Accounts receivable, net | $541,145 |
| Loans from Officers, Directors, or Controlling Persons | $20,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $42,765,540 |
| Investments—publicly traded securities | $5,301,380 |
| Investments—other securities | $0 |
| Investments—program-related | $1,122,650 |
| Intangible assets | $0 |
| Other assets | $440,499 |
| Total assets | $57,542,680 |
| Accounts payable and accrued expenses | $1,763,244 |
| Grants payable | $0 |
| Deferred revenue | $3,368,992 |
| Tax-exempt bond liabilities | $7,420,157 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $193,080 |
| Total liabilities | $12,745,473 |
| Net assets without donor restrictions | $39,209,823 |
| Net assets with donor restrictions | $5,587,384 |
| 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 | $57,542,680 |