Franklin Classical School
- Assets
- $1.1m
- Revenue
- $2.4m
- Investments
- $301.6k
- Employees
- 36
- Location
- Franklin, TN
- Founding
- 01/1998
- Data as of
- 06/2021
- EIN
- 62-1637576
Organization Overview
Franklin Classical School is located in Franklin, TN. The organization was established in 1998. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Franklin Classical School employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Classical School 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 Classical School generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $2.2m during the year ending 06/2021. While expenses have increased by 7.1% 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
THE MISSION OF THE FRANKLIN CLASSICAL SCHOOL IS TO PROVIDE A BIBLICALLY- BASED EDUCATION THAT IS BOTH ACADEMICALLY EXCELLENT AND SPIRITUALLY VITAL TO ENABLE YOUNG MEN AND WOMEN TO KNOW AND SERVE THE LORD JESUS CHRIST AND TO TRANSFORM FAMILIES, INSTITUTIONS, AND NATIONS FOR THE GLORY OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN EDUCATION PROVIDED FOR THE BENEFIT OF STUDENTS IN KINDERGARTEN THROUGH 12TH GRADES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Dokkestul Administrati | Officer | 60 | $68,907 |
Melinda Mahand Academic Dea | Officer | 60 | $64,743 |
Thomas Carson III Board Member | Trustee | 5 | $33,715 |
Sherri Clark Board Member | Trustee | 5 | $15,100 |
George Grant President | OfficerTrustee | 5 | $0 |
Julie Biancheri Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,537 |
| Noncash contributions included in lines 1a–1f | $103,455 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,537 |
| Total Program Service Revenue | $2,171,116 |
| Investment income | $79,611 |
| 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 | $1,887 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,428,334 |
| 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. | $182,456 |
| Compensation of current officers, directors, key employees. | $32,835 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $747,869 |
| Pension plan accruals and contributions | $10,157 |
| Other employee benefits | $132,737 |
| Payroll taxes | $67,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,583 |
| Office expenses | $28,636 |
| Information technology | $9,411 |
| Royalties | $0 |
| Occupancy | $335,844 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,878 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,744 |
| Insurance | $22,460 |
| All other expenses | $180,526 |
| Total functional expenses | $2,188,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $777,006 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $440 |
| 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 | $21,249 |
| Net Land, buildings, and equipment | $2,345 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $301,580 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,500 |
| Total assets | $1,115,120 |
| Accounts payable and accrued expenses | $28,681 |
| Grants payable | $0 |
| Deferred revenue | $669,093 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $220,924 |
| Total liabilities | $918,698 |
| Net assets without donor restrictions | $111,951 |
| Net assets with donor restrictions | $84,471 |
| 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 | $1,115,120 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Franklin Classical School has recieved totaling $75,427.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $75,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $427 |
Endowment Analysis
| Beg. Balance | $153,168 |
| Earnings | $56,291 |
| Net Contributions | $103,455 |
| Other Expense | $11,334 |
| Ending Balance | $301,580 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Pulaski Academy Little Rock, AR | $31,968,373 | $17,811,246 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
Lincoln Charter School Inc Denver, NC | $10,014,512 | $18,722,799 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Imagine Schools Inc Vienna, VA | $112,554,052 | $31,881,932 |
Episcopal Collegiate School Little Rock, AR | $113,498,551 | $17,410,081 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Republic Schools Inc Jackson, MS | $19,525,941 | $20,988,573 |