Franklin Road Academy Inc
- Assets
- $58.1m
- Revenue
- $31.0m
- Investments
- $0.0
- Employees
- 306
- Location
- Nashville, TN
- Founding
- 05/1983
- Data as of
- 06/2021
- 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 06/2021, 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.
Form
990
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).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Sean Casey Head Of School | Officer | 60 | $432,082 |
Mr Caleb P Stabler Head Of Upper School | 40 | $154,544 | |
Mrs Laura Turner Director Of Finance And Operations | Officer | 50 | $152,607 |
Mr Rick West Head Of Lower School | 40 | $142,358 | |
Mr Kristin Palmerton Director Of Athletics | 40 | $137,089 | |
Mr Ryan Harris Head Of Middle School | 40 | $130,445 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advent Contractor | 6/29/21 | $256,105 |
Maynard Select Llc Plumbing Contractor | 6/29/21 | $249,392 |
Sage Dining Services Food Service | 6/29/21 | $928,700 |
4m Building Solutions Inc Janitorial | 6/29/21 | $407,691 |
D F Chase Inc Construction | 6/29/21 | $3,007,756 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,937,459 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $596,061 |
| Compensation of current officers, directors, key employees. | $289,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,471,651 |
| Pension plan accruals and contributions | $449,112 |
| Other employee benefits | $1,815,197 |
| Payroll taxes | $736,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,308 |
| Fees for services: Accounting | $32,527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,387 |
| Fees for services: Other | $641,587 |
| Advertising and promotion | $93,426 |
| Office expenses | $887,663 |
| Information technology | $367,681 |
| Royalties | $0 |
| Occupancy | $1,060,375 |
| Travel | $41,937 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,540 |
| Interest | $546,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,478,194 |
| Insurance | $218,239 |
| All other expenses | $518,480 |
| Total functional expenses | $24,085,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,017 |
| Savings and temporary cash investments | $8,022,076 |
| Pledges and grants receivable | $106,300 |
| Accounts receivable, net | $624,117 |
| Loans from Officers, Directors, or Controlling Persons | $30,000 |
| 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 | $42,440,083 |
| Investments—publicly traded securities | $6,632,103 |
| Investments—other securities | $0 |
| Investments—program-related | $127,650 |
| Intangible assets | $0 |
| Other assets | $125,432 |
| Total assets | $58,128,778 |
| Accounts payable and accrued expenses | $1,415,928 |
| Grants payable | $0 |
| Deferred revenue | $3,804,915 |
| Tax-exempt bond liabilities | $11,469,497 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $547,913 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $493,849 |
| Total liabilities | $17,732,102 |
| Net assets without donor restrictions | $33,087,860 |
| Net assets with donor restrictions | $7,308,816 |
| 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 | $58,128,778 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Franklin Road Academy Inc has recieved totaling $2,247,122.
| Awarding Organization | Amount |
|---|---|
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 |
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 Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Cannon School Inc Concord, NC | $52,291,449 | $28,580,834 |
Thales Academy Raleigh, NC | $136,454,160 | $55,473,682 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
Lake Norman Charter School Inc Huntersville, NC | $64,551,351 | $25,126,213 |
Greensboro Independent School Corporation Greensboro, NC | $42,520,891 | $22,760,621 |
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |