Civic Intelligence

Nashville Classical Charter School

990 • Fiscal year 2020 • EIN 45-1137291

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 09, 2021

1310 Ordway PlNashville, TN 37206

(615) 538-5841

Siviq Scores

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

Liabilities / Assets

67th percentile

0.35x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.24x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

55th percentile

6.5%

Higher net margin than 55% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$108,707

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

84th percentile

35%

Faster asset growth than 84% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

3.2%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,152,618

Up $1,079,615 (+35%) from 2019

Net Assets

Up

$2,703,278

Up $386,761 (+17%) from 2019

Liabilities

Up

$1,449,340

Up $692,854 (+92%) from 2019

Revenue

Up

$5,969,872

Up $187,514 (+3.2%) from 2019

Expenses

Up

$5,583,111

Up $1,157,569 (+26%) from 2019

Net Income

Down

$386,761

Down $970,055 (-71%) from 2019

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

2020

Assets$4,152,618
Liabilities$1,449,340
Net Assets$2,703,278

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

2020

Revenue$5,969,872
Expenses$5,583,111
Net Income$386,761
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 9, 2021
Return Version
2019v5.2
Gross Receipts
$5,969,872
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$2,036,084$2,712,872▲ $676,788
Land, Buildings, and Equipment, Net$519,542$597,373▲ $77,831
Accounts Receivable$21,996$169,032▲ $147,036
Prepaid Expenses and Deferred Charges$202,653$138,209▼ $64,444
Total Assets$3,073,003$4,152,618▲ $1,079,615
Other Assets Total$292,728$535,132▲ $242,404
Liabilities
Mortgage Notes Payable Secured by Investment Property$545,616$1,100,642▲ $555,026
Other Liabilities$166,303$277,516▲ $111,213
Accounts Payable and Accrued Expenses$44,567$71,182▲ $26,615
Total Liabilities$756,486$1,449,340▲ $692,854
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,796,975$2,105,905▲ $308,930
Net Assets With Donor Restrictions$519,542$597,373▲ $77,831
Total Net Assets Fund Balance$2,316,517$2,703,278▲ $386,761
Total Liabilities and Net Assets / Fund Balance$3,073,003$4,152,618▲ $1,079,615

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$77,202$515,595$592,797
Other Land Buildings$282,502$127,860$410,362
Leasehold Improvements$188,498$181,427$369,925
Equipment$49,171$152,751$201,922
Other Assets Org$83,815--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Charles FriedmanHead of SchoolFT$108,707$108,707

Board Members and Trustees

NameTitle
David WellsChairman
Shani DowellVice Chairman
Don HardinMember
Javier SolanoMember
Laura EncaladeMember
Andrew MaxwellSecretary
Scott Van DusenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,969,872
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,124,544
Change in Net Assets
$386,761

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,969,872
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,969,872
Total Revenue per Form 990
$5,969,872
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,736,856
Other Expenses$1,846,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,205,031$423,118-$3,628,149
All Other Expenses$260,510$135,591-$396,101
Depreciation Depletion-$293,256-$293,256
Other Expenses$93,854$84,481-$178,335
Current Officers, Directors, Trustees, and Key Employees$108,707--$108,707
Interest-$21,232-$21,232
Total Functional Expenses$4,625,433$957,678$0$5,583,111

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,583,111
Total Expenses per Audited Statements$5,583,111
Total Expenses per Form 990$5,583,111
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$203,356
Pension Liability$74,160
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 35% controlled entity
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, 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 PL, NASHVILLE, TN 37206

Signing Officer

Name
Charles M Friedman
Title
Head of School
Phone
6155385841
Signed
2021-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Wells
Formed
2012
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
65
Volunteers
100

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 404 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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0152751
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0201922
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05583111
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0188498
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0181427
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0369925
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0203416
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt19300
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2236284
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt32317
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt483815
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION RELATED COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER CURRENT ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4STABILIZATION TRUST ACCOUNT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0282502
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0127860
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0410362
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt074160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1203356
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION RELATED COSTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05969872
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0597373
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0535132
IRS990ScheduleD/TotalExpensesPerForm990Amt05583111
IRS990ScheduleD/TotalLiabilityAmt0277516
IRS990ScheduleD/TotalRevenuePerForm990Amt05969872
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05969872
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05583111
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03073003
IRS990/TotalAssetsEOYAmt04152618
IRS990/TotalAssetsGrp/BOYAmt03073003
IRS990/TotalAssetsGrp/EOYAmt04152618
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05969872
IRS990/TotalEmployeeCnt065
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0957678
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04625433
IRS990/TotalFunctionalExpensesGrp/TotalAmt05583111
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0756486
IRS990/TotalLiabilitiesEOYAmt01449340
IRS990/TotalLiabilitiesGrp/BOYAmt0756486
IRS990/TotalLiabilitiesGrp/EOYAmt01449340
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02316517
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02703278
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04625433
IRS990/TotalReportableCompFromOrgAmt0108707
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05969872
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03073003
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04152618
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01310 ORDWAY PL
IRS990/USAddress/CityNm0NASHVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037206
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.NASHVILLECLASSICAL.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES M FRIEDMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum06155385841
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NASHVILLE CLASSICAL CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0NASH
ReturnHeader/Filer/EIN0451137291
ReturnHeader/Filer/PhoneNum06155385841
ReturnHeader/Filer/USAddress/AddressLine1Txt01310 ORDWAY PL
ReturnHeader/Filer/USAddress/CityNm0NASHVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037206
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SQUAR MILNER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03655 NOBEL DRIVE SUITE 450
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN DIEGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092122
ReturnHeader/PreparerPersonGrp/PhoneNum08585974100
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHLEEN SCHMIDT
ReturnHeader/ReturnTs02021-03-15T16:32:56-05:00

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