Civic Intelligence

Nashville Classical Charter School

990 • Fiscal year 2018 • EIN 45-1137291

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 30, 2019

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

78th percentile

0.44x

Higher debt load relative to assets than 78% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

0.23x

Higher debt load relative to revenue than 67% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

60th percentile

6.9%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

65th percentile

$92,627

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

63rd percentile

5.4%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

28%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,311,234

Up $118,952 (+5.4%) from 2017

Net Assets

Up

$1,285,927

Up $304,609 (+31%) from 2017

Liabilities

Down

$1,025,307

Down $185,657 (-15%) from 2017

Revenue

Up

$4,425,192

Up $981,248 (+28%) from 2017

Expenses

Up

$4,120,583

Up $825,444 (+25%) from 2017

Net Income

Up

$304,609

Up $155,804 (+105%) from 2017

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

2018

Assets$2,311,234
Liabilities$1,025,307
Net Assets$1,285,927

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

2018

Revenue$4,425,192
Expenses$4,120,583
Net Income$304,609
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 30, 2019
Return Version
2017v2.3
Gross Receipts
$4,425,192
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.

To educate students through a classical curriculum and within an acheivement-oriented culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$763,927$986,466▲ $222,539
Land, Buildings, and Equipment, Net$978,764$951,634▼ $27,130
Prepaid Expenses and Deferred Charges$50,397$84,790▲ $34,393
Accounts Receivable$94,214$5,600▼ $88,614
Total Assets$2,192,282$2,311,234▲ $118,952
Other Assets Total$304,980$282,744▼ $22,236
Liabilities
Mortgage Notes Payable Secured by Investment Property$880,046$716,641▼ $163,405
Other Liabilities$195,541$206,577▲ $11,036
Accounts Payable and Accrued Expenses$135,377$102,089▼ $33,288
Total Liabilities$1,210,964$1,025,307▼ $185,657
Net Assets / Fund Balance
Temporarily Rstr Net Assets$978,764$951,634▼ $27,130
Unrestricted Net Assets$2,554$334,293▲ $331,739
Total Net Assets Fund Balance$981,318$1,285,927▲ $304,609
Total Liabilities and Net Assets / Fund Balance$2,192,282$2,311,234▲ $118,952

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$563,091$531,314$1,094,405
Buildings$314,321$278,476$592,797
Equipment$38,243$74,283$112,526
Other Land Buildings$35,979$54,268$90,247
Other Assets Org$39,858--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Charles M FriedmanHead of SchoolFT$92,627$92,627

Board Members and Trustees

NameTitle
David MansouriChairman
Christian ParoVice Chairman
Andrew MaxwellDirector
Bailey PratDirector
Don HardinDirector
Judy PriceDirector
Judy SpencerDirector
Mike LovettDirector
Miranda ChristyDirector
Rebecca AyerDirector
Roland HairstonDirector
Scott Van DusenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$4,425,192
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$384,752
Change in Net Assets
$304,609

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,425,192
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,425,192
Total Revenue per Form 990
$4,425,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,487,650
Other Expenses$1,632,933
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,032,263$355,579-$2,387,842
Depreciation Depletion-$405,115-$405,115
Current Officers, Directors, Trustees, and Key Employees$99,808--$99,808
Other Expenses$72,342$142,691-$72,342
All Other Expenses$4,672$60,429-$65,101
Interest-$36,770-$36,770
Insurance-$34,273-$34,273
Total Functional Expenses$2,975,950$1,144,633$0$4,120,583

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,120,583
Total Expenses per Audited Statements$4,120,583
Total Expenses per Form 990$4,120,583
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Related Costs$111,317
Other Current Liabilities$69,573
Deferred Rent$25,687
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

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, Section C, Line 19

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
Phone
6155385841
Signed
2019-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Mansouri
Formed
2012
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
12
Employees
47
Volunteers
0

Preparer

Firm
Squar Milner Llp
Address
3655 NOBEL DRIVE SUITE 450, SAN DIEGO, CA 92122
Preparer
Kathleen Schmidt
Phone
8585974100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed.

Raw XML AppendixShowing 400 of 431 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03443944
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01237763
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0148805
IRS990/PYSalariesCompEmpBnftPaidAmt02057376
IRS990/PYTotalExpensesAmt03295139
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03443944
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0304609
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0314321
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0278476
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0592797
IRS990ScheduleD/EquipmentGrp/BookValueAmt038243
IRS990ScheduleD/EquipmentGrp/DepreciationAmt074283
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0112526
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04120583
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0563091
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0531314
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01094405
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0233586
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt19300
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt239858
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION RELATED COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NET PENSION ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt035979
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt054268
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt090247
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt069573
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1111317
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt225687
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION RELATED COSTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04425192
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0951634
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0282744
IRS990ScheduleD/TotalExpensesPerForm990Amt04120583
IRS990ScheduleD/TotalLiabilityAmt0206577
IRS990ScheduleD/TotalRevenuePerForm990Amt04425192
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04425192
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04120583
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATORY POLICY INCLUDED IN ALL ADVERTISEMENTS, ENROLLMENT MATERIALS, AND OUR CHARTER BYLAWS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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/ExplanationTxt3THE PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0978764
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0951634
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02192282
IRS990/TotalAssetsEOYAmt02311234
IRS990/TotalAssetsGrp/BOYAmt02192282
IRS990/TotalAssetsGrp/EOYAmt02311234
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04425192
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01144633
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02975950
IRS990/TotalFunctionalExpensesGrp/TotalAmt04120583
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01210964
IRS990/TotalLiabilitiesEOYAmt01025307
IRS990/TotalLiabilitiesGrp/BOYAmt01210964
IRS990/TotalLiabilitiesGrp/EOYAmt01025307
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0981318
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01285927
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02975950
IRS990/TotalReportableCompFromOrgAmt092627
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04425192
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02192282
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02311234
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02554
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0334293
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01310 ORDWAY PLACE
IRS990/USAddress/CityNm0NASHVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037206
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.NASHVILLECLASSICAL.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES M FRIEDMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL

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