Civic Intelligence

Nashville Classical Charter School

990 • Fiscal year 2015 • EIN 45-1137291

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 22, 2016

1310 Ordway PlaceNashville, TN 37206

(615) 538-5841

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.71x

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

77th percentile

0.53x

Higher debt load relative to revenue than 77% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

56th percentile

$75,000

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

99th percentile

472%

Faster asset growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

97th percentile

240%

Faster revenue growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,585,359

Up $1,308,193 (+472%) from 2014

Net Assets

Up

$452,454

Up $217,979 (+93%) from 2014

Liabilities

Up

$1,132,905

Up $1,090,214 (+2554%) from 2014

Revenue

Up

$2,123,700

Up $1,498,759 (+240%) from 2014

Expenses

Up

$1,789,214

Up $1,147,499 (+179%) from 2014

Net Income

Up

$334,486

Up $351,260 (+2094%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2012: $220,775Liabilities 2012: $0Net Assets 2012: $220,7752012Assets 2013: $292,789Liabilities 2013: $41,537Net Assets 2013: $251,2522013Assets 2014: $277,166Liabilities 2014: $42,691Net Assets 2014: $234,4752014Assets 2015: $1,585,359Liabilities 2015: $1,132,905Net Assets 2015: $452,4542015Assets 2016: $1,797,422Liabilities 2016: $1,135,709Net Assets 2016: $661,7132016Assets 2017: $2,192,282Liabilities 2017: $1,210,964Net Assets 2017: $981,3182017Assets 2018: $2,311,234Liabilities 2018: $1,025,307Net Assets 2018: $1,285,9272018Assets 2019: $3,073,003Liabilities 2019: $756,486Net Assets 2019: $2,316,5172019Assets 2020: $4,152,618Liabilities 2020: $1,449,340Net Assets 2020: $2,703,2782020Assets 2021: $5,457,451Liabilities 2021: $661,202Net Assets 2021: $4,796,2492021Assets 2022: $8,440,189Liabilities 2022: $2,054,044Net Assets 2022: $6,386,1452022Assets 2023: $8,865,826Liabilities 2023: $730,080Net Assets 2023: $8,135,7462023Assets 2024: $13,131,830Liabilities 2024: $6,797,637Net Assets 2024: $6,334,1932024

Highlighted filing

2015

Assets$1,585,359
Liabilities$1,132,905
Net Assets$452,454

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2012: $260,162Expenses 2012: $39,387Net Income 2012: $220,7752012Revenue 2013: $820,643Expenses 2013: $790,166Net Income 2013: $30,4772013Revenue 2014: $624,941Expenses 2014: $641,715Net Income 2014: -$16,7742014Revenue 2015: $2,123,700Expenses 2015: $1,789,214Net Income 2015: $334,4862015Revenue 2016: $2,504,186Expenses 2016: $2,294,927Net Income 2016: $209,2592016Revenue 2017: $3,443,944Expenses 2017: $3,295,139Net Income 2017: $148,8052017Revenue 2018: $4,425,192Expenses 2018: $4,120,583Net Income 2018: $304,6092018Revenue 2019: $5,782,358Expenses 2019: $4,425,542Net Income 2019: $1,356,8162019Revenue 2020: $5,969,872Expenses 2020: $5,583,111Net Income 2020: $386,7612020Revenue 2021: $8,654,228Expenses 2021: $6,477,243Net Income 2021: $2,176,9852021Revenue 2022: $10,847,605Expenses 2022: $9,257,709Net Income 2022: $1,589,8962022Revenue 2023: $12,729,477Expenses 2023: $10,995,884Net Income 2023: $1,733,5932023Revenue 2024: $13,372,642Expenses 2024: $15,174,195Net Income 2024: -$1,801,5532024

Highlighted filing

2015

Revenue$2,123,700
Expenses$1,789,214
Net Income$334,486
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 22, 2016
Return Version
2014v6.0
Gross Receipts
$2,123,700
Mission and Program Overview

Mission

To educate students through a classical curriculum and within an acheivement-oriented culture, providing a strong foundation for academic success and personal excellence in high school, college, and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$177,478$1,237,124▲ $1,059,646
Land, Buildings, and Equipment, Net$30,462$286,150▲ $255,688
Prepaid Expenses and Deferred Charges$63,827$33,525▼ $30,302
Accounts Receivable$5,399$24,321▲ $18,922
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$277,166$1,585,359▲ $1,308,193
Other Assets Total-$4,239-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$975,000-
Accounts Payable and Accrued Expenses$42,691$108,079▲ $65,388
Other Liabilities-$49,826-
Total Liabilities$42,691$1,132,905▲ $1,090,214
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$286,150-
Unrestricted Net Assets$234,475$166,304▼ $68,171
Total Net Assets Fund Balance$234,475$452,454▲ $217,979
Total Liabilities and Net Assets / Fund Balance$277,166$1,585,359▲ $1,308,193

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$262,600$9,895$272,495
Equipment$23,550$18,109$41,659
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Charles M FriedmanHead of SchoolFT$75,000$75,000

Board Members and Trustees

NameTitle
Marcus WilliamsonChairman
David MansouriVice Chair
Christian ParoBoard Member
Don HardinBoard Member
Heather StewartBoard Member
Lolita ToneyBoard Member
Mike LovettBoard Member
Miranda ChristyBoard Member
Dawn CorneliusSecretary
Jane MeneelyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Compass Group USAFood Services2400 YORKMONT ROAD, Charlotte, NC 28217$178,825
Rlcl Acquisition LLCTransportation186 NORTH FIRST STREET, Nashville, TN 37213$103,009
Revenue and Support

Revenue Composition

Contributions and Grants
$2,123,700
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$183,883
Change in Net Assets
$334,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,123,700
Total Revenue per Audited Statements
$2,123,700
Total Revenue per Form 990
$2,123,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$986,067
Other Expenses$803,147
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$703,793$207,274-$911,067
Current Officers, Directors, Trustees, and Key Employees$75,000--$75,000
Other Expenses$57,718$15,753-$73,471
All Other Expenses$31,248$30,551-$61,799
Depreciation Depletion-$21,118-$21,118
Insurance-$16,489-$16,489
Total Functional Expenses$1,199,191$590,023$0$1,789,214

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,789,214
Total Expenses per Audited Statements$1,789,214
Total Expenses per Form 990$1,789,214
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$49,826
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is reviewed and approved by the board before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each board member is required to sign a conflict of interest statement annually which includes the policy guidelines and expectations from the by-laws, including notification of any mid-year changes.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All board meeting minutes are posted on the school's website, in addition to the current fiscal year budget, board contact information, governing documents, charter agreement and board calendar.

Filing and Contact Details

Filer

Filer Name
Nashville Classical Charter School
EIN
45-1137291
Phone
6155385841
Address
1310 ORDWAY PLACE, NASHVILLE, TN 37206

Signing Officer

Name
Charles M Friedman
Title
Head of School
Signed
2016-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcus Williamson
Formed
2012
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
21
Volunteers
70

Preparer

Firm
McLean Rotherham & Company
Address
11717 Bernardo Plaza Ct Suite 215, San Diego, CA 92128
Preparer
Kathleen Schmidt CRTP
Phone
8584875751
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IRS990/MissionDesc0TO EDUCATE STUDENTS THROUGH A CLASSICAL CURRICULUM AND WITHIN AN ACHEIVEMENT-ORIENTED CULTURE, PROVIDING A STRONG FOUNDATION FOR ACADEMIC SUCCESS AND PERSONAL EXCELLENCE IN HIGH SCHOOL, COLLEGE, AND LIFE.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATORY POLICY INCLUDED IN ALL ADVERTISEMENTS, ENROLLMENT MATERIALS, AND OUR CHARTER BYLAWS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED AND APPROVED BY THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY WHICH INCLUDES THE POLICY GUIDELINES AND EXPECTATIONS FROM THE BY-LAWS, INCLUDING NOTIFICATION OF ANY MID-YEAR CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEETING MINUTES ARE POSTED ON THE SCHOOL'S WEBSITE, IN ADDITION TO THE CURRENT FISCAL YEAR BUDGET, BOARD CONTACT INFORMATION, GOVERNING DOCUMENTS, CHARTER AGREEMENT AND BOARD CALENDAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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