Franklin Christian Academy
- Assets
- $18.0m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 41
- Location
- Franklin, TN
- Founding
- 06/2006
- Data as of
- 05/2022
- EIN
- 80-0117857
Organization Overview
Franklin Christian Academy is located in Franklin, TN. The organization was established in 2006. 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 05/2022, Franklin Christian Academy employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Christian Academy 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 05/2022, Franklin Christian Academy generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $3.8m during the year ending 05/2022. While expenses have increased by 12.6% 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
PRIVATE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING AND TRAINING MIDDLE AND HIGH SCHOOL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Harris President | OfficerTrustee | $0 | |
Tammy Schindel Secretary | Trustee | $0 | |
Brad Weeks Board Chairman | Trustee | $0 | |
Todd Harman Treasurer | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deangelis Diamond Construc Building Construction | 5/30/22 | $7,764,127 |
Mayer Electric Supply Co I Electrical Installation | 5/30/22 | $404,238 |
Imi Tennessee Poured Concrete At New Bld | 5/30/22 | $124,459 |
906 Studio Architects Llc Architecture And Design | 5/30/22 | $80,711 |
Field Turf Usa Installed Field Turf | 5/30/22 | $139,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,441 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,441 |
| Total Program Service Revenue | $3,607,346 |
| Investment income | -$73,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,008,180 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$5,345 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,584,885 |
| 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. | $101,541 |
| Compensation of current officers, directors, key employees. | $20,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,538,934 |
| Pension plan accruals and contributions | $24,113 |
| Other employee benefits | $182,767 |
| Payroll taxes | $125,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,023 |
| Fees for services: Other | $6,603 |
| Advertising and promotion | $20,526 |
| Office expenses | $22,144 |
| Information technology | $12,179 |
| Royalties | $0 |
| Occupancy | $142,520 |
| Travel | $6,755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,124 |
| Interest | $356,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,928 |
| Insurance | $40,042 |
| All other expenses | $692,421 |
| Total functional expenses | $3,757,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,492 |
| Savings and temporary cash investments | $303,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $187,161 |
| 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 | -$20,469 |
| Net Land, buildings, and equipment | $17,442,008 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,999,900 |
| Accounts payable and accrued expenses | $463,882 |
| Grants payable | $0 |
| Deferred revenue | $171,350 |
| 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 | $13,345,248 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,980,480 |
| Net assets without donor restrictions | $3,717,977 |
| Net assets with donor restrictions | $301,443 |
| 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 | $17,999,900 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Franklin Christian Academy has recieved totaling $53,543.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $52,700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $603 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $240 |
Endowment Analysis
| Beg. Balance | $176,710 |
| Earnings | -$73,752 |
| Admin Expense | $7,023 |
| Net Contributions | $205,507 |
| Ending Balance | $301,442 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Madison-Ridgeland Academy Madison, MS | $29,135,034 | $17,543,993 |