Civic Intelligence

Franklin Road Academy Inc.

990 • Fiscal year 2014 • EIN 62-1138075

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 10, 2015

4700 Franklin Road37220

(615) 832-8845

Siviq Scores

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

Liabilities / Assets

56th percentile

0.35x

Higher debt load relative to assets than 56% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

68th percentile

0.66x

Higher debt load relative to revenue than 68% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

17th percentile

-5.5%

Higher net margin than 17% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

59th percentile

$278,097

Higher top officer pay than 59% of similar nonprofits.

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

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

15th percentile

-3.4%

Faster asset growth than 15% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

44th percentile

2.5%

Faster revenue growth than 44% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2011 to 2014

Assets

Down

$28,670,091

Down $1,024,140 (-3.4%) from 2013

Net Assets

Down

$18,590,011

Down $451,171 (-2.4%) from 2013

Liabilities

Down

$10,080,080

Down $572,969 (-5.4%) from 2013

Revenue

$15,357,222

No earlier filing loaded for comparison.

Expenses

Down

$16,203,635

Down $5,274,187 (-25%) from 2013

Net Income

-$846,413

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $38,426,051Liabilities 2010: $12,177,348Net Assets 2010: $26,248,7032010Assets 2011: $36,933,686Liabilities 2011: $11,049,305Net Assets 2011: $25,884,3812011Assets 2012: $35,306,124Liabilities 2012: $11,123,481Net Assets 2012: $24,182,6432012Assets 2013: $29,694,231Liabilities 2013: $10,653,049Net Assets 2013: $19,041,1822013Assets 2014: $28,670,091Liabilities 2014: $10,080,080Net Assets 2014: $18,590,0112014Assets 2015: $27,648,336Liabilities 2015: $9,696,358Net Assets 2015: $17,951,9782015Assets 2016: $27,032,511Liabilities 2016: $10,057,160Net Assets 2016: $16,975,3512016Assets 2017: $28,423,541Liabilities 2017: $9,660,177Net Assets 2017: $18,763,3642017Assets 2018: $33,648,265Liabilities 2018: $10,172,230Net Assets 2018: $23,476,0352018Assets 2019: $47,921,731Liabilities 2019: $19,677,587Net Assets 2019: $28,244,1442019Assets 2020: $56,428,521Liabilities 2020: $24,406,001Net Assets 2020: $32,022,5202020Assets 2021: $58,128,778Liabilities 2021: $17,732,102Net Assets 2021: $40,396,6762021Assets 2022: $57,542,680Liabilities 2022: $12,745,473Net Assets 2022: $44,797,2072022Assets 2023: $68,255,755Liabilities 2023: $11,036,739Net Assets 2023: $57,219,0162023Assets 2024: $78,573,645Liabilities 2024: $9,393,315Net Assets 2024: $69,180,3302024

Highlighted filing

2014

Assets$28,670,091
Liabilities$10,080,080
Net Assets$18,590,011

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $15,097,9522010Revenue 2011: $14,268,692Expenses 2011: $15,016,766Net Income 2011: -$748,0742011Expenses 2012: $17,273,8682012Expenses 2013: $21,477,8222013Revenue 2014: $15,357,222Expenses 2014: $16,203,635Net Income 2014: -$846,4132014Revenue 2015: $16,021,365Expenses 2015: $16,518,448Net Income 2015: -$497,0832015Revenue 2016: $16,269,447Expenses 2016: $17,071,846Net Income 2016: -$802,3992016Revenue 2017: $18,971,483Expenses 2017: $17,296,143Net Income 2017: $1,675,3402017Revenue 2018: $22,739,253Expenses 2018: $18,399,923Net Income 2018: $4,339,3302018Revenue 2019: $24,758,576Expenses 2019: $19,881,591Net Income 2019: $4,876,9852019Revenue 2020: $27,136,280Expenses 2020: $23,257,541Net Income 2020: $3,878,7392020Revenue 2021: $31,046,189Expenses 2021: $24,085,769Net Income 2021: $6,960,4202021Revenue 2022: $31,732,934Expenses 2022: $26,957,071Net Income 2022: $4,775,8632022Revenue 2023: $41,015,885Expenses 2023: $29,130,575Net Income 2023: $11,885,3102023Revenue 2024: $42,987,734Expenses 2024: $31,414,564Net Income 2024: $11,573,1702024

Highlighted filing

2014

Revenue$15,357,222
Expenses$16,203,635
Net Income-$846,413
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 10, 2015
Return Version
2013v4.0
Gross Receipts
$16,101,906
Mission and Program Overview

Mission

Franklin road academy provides a challenging educational experience in an inclusive christian community with an unwavering commitment to develop leaders of integrity and purpose. We will inspire in our students a lifelong love of learning through a dynamic academic program which will prepare them for success in life; encourage students to discover their passions through opportunities in academics, the arts, athletics, and servant leadership; nurture leaders of integrity, guided by christian principles, compelled to lead lives of compassionate global citizenship.

Instructional & student activities conducted in order to prepare students intellectually for higher levels of education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,565,582$23,233,555▼ $1,332,027
Investments in Publicly Traded Securities$3,278,408$3,469,016▲ $190,608
Savings and Temporary Cash Investments$1,533,596$1,628,621▲ $95,025
Accounts Receivable$284,994$196,473▼ $88,521
Receivables From Officers Etc-$100,000-
Prepaid Expenses and Deferred Charges-$10,218-
Cash and Non-Interest-Bearing Accounts$7,651$8,208▲ $557
Total Assets$29,694,231$28,670,091▼ $1,024,140
Other Assets Total$24,000$24,000→ $0
Liabilities
Tax Exempt Bond Liabilities$7,800,000$7,350,000▼ $450,000
Accounts Payable and Accrued Expenses$1,267,521$1,046,078▼ $221,443
Deferred Revenue$710,836$859,631▲ $148,795
Other Liabilities$874,692$824,371▼ $50,321
Total Liabilities$10,653,049$10,080,080▼ $572,969
Net Assets / Fund Balance
Unrestricted Net Assets$15,406,308$14,581,618▼ $824,690
Permanently Rstr Net Assets$2,298,353$2,298,353→ $0
Temporarily Rstr Net Assets$1,336,521$1,710,040▲ $373,519
Total Net Assets Fund Balance$19,041,182$18,590,011▼ $451,171
Total Liabilities and Net Assets / Fund Balance$29,694,231$28,670,091▼ $1,024,140

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,289,248$15,132,801$29,422,049
Leasehold Improvements$3,670,768$1,844,185$5,514,953
Land$4,815,155-$4,815,155
Equipment$451,908$2,264,376$2,716,284
Other Land Buildings$6,476-$6,476

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$3,278,408$313,313▲ $542,403$665,108$3,469,016
2012$3,038,252$121,429▲ $394,541$275,814$3,278,408
2011$3,023,461$52,957▲ $52,511$90,677$3,038,252
2010$2,522,190$58,978▲ $468,146$25,853$3,023,461
2009$963,780$1,501,000▲ $44,887$-12,523$2,522,190
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Margaret W WadeHeadmasterFT$230,163$278,097$278,097
Glenn L SeagravesDirector of FinanceFT$129,989$158,176$158,176
Richard B WestDean of Lower SchoolFT$105,743$11,531$117,274

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Suntrust P-cardBanking-$991,376
School Facility Management LLCJanitorial-$349,001
Servicefm LLCJanitorial-$178,385
Revenue and Support

Revenue Composition

Contributions and Grants
$2,084,557
Program Service Revenue
$12,504,469
Investment Income
$147,264
Other Revenue
$620,932
All Other Contributions
$2,010,547
Change in Net Assets
$-846,413

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$302,980Fair Market Value (FMV)
Clothing and Household Goods-$2,071Fair Market Value (FMV)
Total Noncash Contributions8$305,051-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,401,511
Revenue Not Reported on Financial Statements
$1,955,711
Revenue Not Reported on Form 990
$781,288
Other Revenue Adjustments
$1,955,711
Total Revenue per Audited Statements
$14,182,799
Total Revenue per Form 990
$15,357,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,099,682
Other Expenses$6,065,759
Grants and Similar Amounts Paid$2,038,194
Total Fundraising Expense$262,853
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,429,229$915,965-$6,345,194
Grants to Domestic Individuals$2,038,194--$2,038,194
Depreciation Depletion$1,330,421$133,042$14,782$1,478,245
All Other Expenses$633,802$467,078-$1,100,880
Occupancy$437,480$286,945-$724,425
Current Officers, Directors, Trustees, and Key Employees-$553,547-$553,547
Office Expenses$249,356$254,348-$503,704
Other Employee Benefits$346,761$154,746-$501,507
Payroll Taxes$317,664$177,925-$495,589
Interest$273,101$27,310$3,035$303,446
Other Expenses$410,254-$245,036$245,036
Pension Plan Contributions$170,353$33,492-$203,845
Advertising-$143,289-$143,289
Insurance-$137,014-$137,014
Fees for Services Accounting-$34,800-$34,800
Fees for Service Investment Mgmnt Fees-$23,901-$23,901
Travel-$23,558-$23,558
Conferences and Meetings-$19,286-$19,286
Fees for Services Legal-$15,989-$15,989
Fees for Services Other-$13,594-$13,594
Total Functional Expenses$12,524,953$3,415,829$262,853$16,203,635

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$16,203,635
Total Expenses per Audited Statements$14,633,970
Expenses per Audited Statements$14,247,924
Expenses Not Reported on Financial Statements$1,955,711
Other Expense Adjustments$1,955,711
Expenses Not Reported on Form 990$386,046
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$545,888
Fundraising Direct Expenses$386,046
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$543,960$469,950$317,784$152,166
Event 2$28,843$28,843$40,060$-11,217
Total Events$619,898$545,888$386,046$159,842
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
D Matthew CowanChariman of the BoardHealth Insurance Broker (commissions Are Paid by Bcbs)No$447,370

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$100,000-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Contract$824,371

Bond Issues

BondIssuerIssuedIssue PricePurpose
A-2009-08-01$12,000,000Construction of new facilities for school

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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 A, Line 8B

Committee work is done and recommendations are made to the board by the subcommittees of the board. The board then makes a motion on the recommendation. All board decisions are recorded in the minutes taken at the board meetings.

Form 990, Part VI, Section B, Line 11

The finance committee reviews the audit report in detail as a general practice. The form 990 is distributed to the finanace committee for its review before it is filed.

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

Annually, all board members, directors and key employees are required to fill out a conflict of interest disclosure. These are reviewed during the audit process.

Form 990, Part VI, Section B, Line 15A

A committee is appointed by the chairman of the board to evaluate the performance of the head of school. The committee looks at performance and the salaries of pier positions at other schools and recommends a new salary for a three year contact.

Form 990, Part VI, Section C, Line 19

A copy of the form 990 is available on guidestar.com. A copy of the return, governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

EIN
62-1138075
Phone
6158328845

Signing Officer

Name
Laura Turner
Title
Director of Finance
Phone
6158328845
Signed
2015-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Turner
Formed
1973
Legal Domicile
Tn
Voting Board Members
19
Independent Board Members
19
Employees
260
Volunteers
170

Preparer

Preparer
Jill Hudson
Phone
6153774600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING 103.

FORM 990, PART XII, LINE 2C:

The finance committee selects and appoints the firm chosen to manage the audit. The audited financials are reviewed by the audit committee and the finance committee.

Financial Statement Notes

PART X, LINE 2:

The school is exempt from federal income taxes under the provisions of internal revenue code section 501(c)(3), and, accordingly, no provision for income taxes is included in the financial statements. As of, june 30, 2014, the school has accrued no interest and no penalties related to uncertain tax positions. It is the school's policy to recognize interest and/or penalties related to income tax matters in income tax expense. The school files u.s. Federal information tax returns and is currently open to audit under the statute of limitations by the internal revenue service for the years ended after, june 30, 2010.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses reclassified from expenses to revenue 386,046. Rounding 103.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid to students reclassified from income 1,955,711.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses reclassified from expenses to revenue 386,046.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid to students reclassified from income 1,955,711.

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IRS990/Form990PartVIISectionAGrp/OfficerInd1X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1947934
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2011531
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2128187
IRS990/Form990PartVIISectionAGrp/PersonNm0EDWARD G ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm1JEB BEASLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2RANDY CHASE
IRS990/Form990PartVIISectionAGrp/PersonNm3MATT COWAN
IRS990/Form990PartVIISectionAGrp/PersonNm4HARVEY A CROUCH
IRS990/Form990PartVIISectionAGrp/PersonNm5JARRETT H DALTON
IRS990/Form990PartVIISectionAGrp/PersonNm6CHRIS HOLMES
IRS990/Form990PartVIISectionAGrp/PersonNm7LAWRENCE JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm8MELANIE JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm9KIM HARVEY LOONEY
IRS990/Form990PartVIISectionAGrp/PersonNm10STEVEN H MEDES
IRS990/Form990PartVIISectionAGrp/PersonNm11PAT PATTEN
IRS990/Form990PartVIISectionAGrp/PersonNm12ALBERT RODEWALD
IRS990/Form990PartVIISectionAGrp/PersonNm13BETH SOMERS
IRS990/Form990PartVIISectionAGrp/PersonNm14JOHN VAN MOL
IRS990/Form990PartVIISectionAGrp/PersonNm15DIANE CRUDELE
IRS990/Form990PartVIISectionAGrp/PersonNm16ELIZABETH R NEWMAN
IRS990/Form990PartVIISectionAGrp/PersonNm17JOHN C TISHLER
IRS990/Form990PartVIISectionAGrp/PersonNm18MARK WEEKS
IRS990/Form990PartVIISectionAGrp/PersonNm19MARGARET W WADE
IRS990/Form990PartVIISectionAGrp/PersonNm20RICHARD B WEST
IRS990/Form990PartVIISectionAGrp/PersonNm21GLENN L SEAGRAVES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19HEADMASTER
IRS990/Form990PartVIISectionAGrp/TitleTxt20DEAN OF LOWER SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR OF FINANCE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01973
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt074010
IRS990/FundraisingDirectExpensesAmt0386046
IRS990/FundraisingGrossIncomeAmt0545888
IRS990/GainOrLossGrp/SecuritiesAmt0-36692
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantAmt02038194
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02038194
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02038194
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0321946
IRS990/GrossReceiptsAmt016101906
IRS990/GrossRentsGrp/RealAmt041303
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0137014
IRS990/InsuranceGrp/TotalAmt0137014
IRS990/InterestGrp/FundraisingAmt03035
IRS990/InterestGrp/ManagementAndGeneralAmt027310
IRS990/InterestGrp/ProgramServicesAmt0273101
IRS990/InterestGrp/TotalAmt0303446
IRS990/InvestmentIncomeGrp/ExclusionAmt0183956
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0183956
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03278408
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03469016
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt079
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019241362
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024565582
IRS990/LandBldgEquipBasisNetGrp/EOYAmt023233555
IRS990/LandBldgEquipCostOrOtherBssAmt042474917
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0358638
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd01
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FRANKLIN ROAD ACADEMY IS A COEDUCATIONAL, COLLEGE-PREPARATORY SCHOOL, SERVING QUALIFIED STUDENTS IN GRADES PRE-K THROUGH TWELVE. THE SCHOOL IS A CARING AND SUPPORTIVE COMMUNITY OF PARENTS, TEACHERS, AND STUDENTS WITHIN AN INCLUSIVE CHRISTIAN ENVIRONMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt019041182
IRS990/NetAssetsOrFundBalancesEOYAmt018590011
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-36692
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-36692
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0159842
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0159842
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt041303
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt041303
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0395139
IRS990/NoncashContributionsAmt0305051
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0286945
IRS990/OccupancyGrp/ProgramServicesAmt0437480
IRS990/OccupancyGrp/TotalAmt0724425
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0254348
IRS990/OfficeExpensesGrp/ProgramServicesAmt0249356
IRS990/OfficeExpensesGrp/TotalAmt0503704
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt024000
IRS990/OtherAssetsTotalGrp/EOYAmt024000
IRS990/OtherChangesInNetAssetsAmt0103
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0154746
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0346761
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0501507
IRS990/OtherExpensesGrp/Desc0INSTRUCTION & STUDENT A
IRS990/OtherExpensesGrp/Desc1ATHLETICS
IRS990/OtherExpensesGrp/Desc2BOOKSTORE
IRS990/OtherExpensesGrp/Desc3FUNDRAISING
IRS990/OtherExpensesGrp/FundraisingAmt0245036
IRS990/OtherExpensesGrp/ProgramServicesAmt0473842
IRS990/OtherExpensesGrp/ProgramServicesAmt1414496
IRS990/OtherExpensesGrp/ProgramServicesAmt2410254
IRS990/OtherExpensesGrp/TotalAmt0473842
IRS990/OtherExpensesGrp/TotalAmt1414496
IRS990/OtherExpensesGrp/TotalAmt2410254
IRS990/OtherExpensesGrp/TotalAmt3245036
IRS990/OtherLiabilitiesGrp/BOYAmt0874692
IRS990/OtherLiabilitiesGrp/EOYAmt0824371
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0370096
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt149691
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0370096
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt149691
IRS990/OtherRevenueTotalAmt0419787
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0915965
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05429229
IRS990/OtherSalariesAndWagesGrp/TotalAmt06345194
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0177925
IRS990/PayrollTaxesGrp/ProgramServicesAmt0317664
IRS990/PayrollTaxesGrp/TotalAmt0495589
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt033492
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0170353
IRS990/PensionPlanContributionsGrp/TotalAmt0203845
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02298353
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02298353
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010218
IRS990/PrincipalOfficerNm0LAURA TURNER
IRS990/ProfessionalFundraisingInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$78.6$9.39$69.2$43.0$31.4$11.6
2023Detailed filing. Detailed filing data is available for this year.$68.3$11.0$57.2$41.0$29.1$11.9
2022Detailed filing. Detailed filing data is available for this year.$57.5$12.7$44.8$31.7$27.0$4.78
2021Detailed filing. Detailed filing data is available for this year.$58.1$17.7$40.4$31.0$24.1$6.96
2020Detailed filing. Detailed filing data is available for this year.$56.4$24.4$32.0$27.1$23.3$3.88
2019Detailed filing. Detailed filing data is available for this year.$47.9$19.7$28.2$24.8$19.9$4.88
2018Detailed filing. Detailed filing data is available for this year.$33.6$10.2$23.5$22.7$18.4$4.34
2017Detailed filing. Detailed filing data is available for this year.$28.4$9.66$18.8$19.0$17.3$1.68
2016Detailed filing. Detailed filing data is available for this year.$27.0$10.1$17.0$16.3$17.1$0.80
2015Detailed filing. Detailed filing data is available for this year.$27.6$9.70$18.0$16.0$16.5$0.50
2014Detailed filing. Detailed filing data is available for this year.$28.7$10.1$18.6$15.4$16.2$0.85
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$10.7$19.0$21.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.3$11.1$24.2$17.3
2011Summary only. Only limited summary data is available for this year.$36.9$11.0$25.9$14.3$15.0$0.75
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.4$12.2$26.2$15.1