Civic Intelligence

Franklin Christian Academy

EIN 80-0117857 • 501(c)3 • Franklin, TN

View Organization Page

Profile

Provide a christian world-view curriculum and servant leadership training. We partner with families to pursue rigorous, college-bound academics within a caring community, experienced through vital, committed relationships among faculty, students, and parents. We honor jesus christ by integrating christian discipleship into an academic setting that includes fine arts, athletics, and global missions.

PO Box 682712Franklin, TN 37068

www.franklinchristianacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.69x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

86th percentile

1.54x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

43rd percentile

1.8%

Higher net margin than 43% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

27th percentile

-1.8%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

41st percentile

3.0%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$18,093,306

Up $355,569 (+2.0%) from 2023

Liabilities

Down

$12,743,791

Down $745,361 (-5.5%) from 2023

Net Assets

Up

$5,349,515

Up $1,100,930 (+26%) from 2023

Operations
Liabilities / Revenue86th percentileNet Margin43rd percentile

Revenue

Up

$7,729,494

Up $1,539,365 (+25%) from 2023

Expenses

Up

$6,682,327

Up $781,111 (+13%) from 2023

Net Income

Up

$1,047,167

Up $758,254 (+262%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2012: $1,086,384Liabilities 2012: $620,438Net Assets 2012: $465,9462012Assets 2013: $1,158,989Liabilities 2013: $682,830Net Assets 2013: $476,1592013Assets 2014: $2,947,159Liabilities 2014: $2,353,467Net Assets 2014: $593,6922014Assets 2015: $4,811,194Liabilities 2015: $3,619,713Net Assets 2015: $1,191,4812015Assets 2016: $4,840,832Liabilities 2016: $3,580,777Net Assets 2016: $1,260,0552016Assets 2017: $4,854,882Liabilities 2017: $3,362,370Net Assets 2017: $1,492,5122017Assets 2018: $4,629,480Liabilities 2018: $3,196,865Net Assets 2018: $1,432,6152018Assets 2019: $4,998,321Liabilities 2019: $3,059,408Net Assets 2019: $1,938,9132019Assets 2020: $6,147,838Liabilities 2020: $3,838,321Net Assets 2020: $2,309,5172020Assets 2021: $7,812,362Liabilities 2021: $4,655,261Net Assets 2021: $3,157,1012021Assets 2022: $17,999,900Liabilities 2022: $13,980,480Net Assets 2022: $4,019,4202022Assets 2023: $17,737,737Liabilities 2023: $13,489,152Net Assets 2023: $4,248,5852023Assets 2024: $18,093,306Liabilities 2024: $12,743,791Net Assets 2024: $5,349,5152024

Highlighted filing

2024

Assets$18,093,306
Liabilities$12,743,791
Net Assets$5,349,515
Open 2024 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $1,059,544Expenses 2012: $852,586Net Income 2012: $206,9582012Revenue 2013: $1,057,853Expenses 2013: $939,890Net Income 2013: $117,9632013Revenue 2014: $1,205,682Expenses 2014: $1,088,149Net Income 2014: $117,5332014Revenue 2015: $2,231,295Expenses 2015: $1,633,506Net Income 2015: $597,7892015Revenue 2016: $1,618,377Expenses 2016: $1,549,555Net Income 2016: $68,8222016Revenue 2017: $1,941,751Expenses 2017: $1,708,542Net Income 2017: $233,2092017Revenue 2018: $1,724,116Expenses 2018: $1,777,161Net Income 2018: -$53,0452018Revenue 2019: $2,644,639Expenses 2019: $2,142,775Net Income 2019: $501,8642019Revenue 2020: $2,761,776Expenses 2020: $2,388,311Net Income 2020: $373,4652020Revenue 2021: $3,799,003Expenses 2021: $2,951,517Net Income 2021: $847,4862021Revenue 2022: $4,584,885Expenses 2022: $3,757,731Net Income 2022: $827,1542022Revenue 2023: $6,190,129Expenses 2023: $5,901,216Net Income 2023: $288,9132023Revenue 2024: $7,729,494Expenses 2024: $6,682,327Net Income 2024: $1,047,1672024

Highlighted filing

2024

Revenue$7,729,494
Expenses$6,682,327
Net Income$1,047,167
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,093,306
Liabilities
$12,743,791
Net assets
$5,349,515
Revenue
$7,729,494
Expenses
$6,682,327
Net income
$1,047,167
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.1$12.7$5.35$7.73$6.68$1.05
2023Detailed filing. Detailed filing data is available for this year.$17.7$13.5$4.25$6.19$5.90$0.29
2022Detailed filing. Detailed filing data is available for this year.$18.0$14.0$4.02$4.58$3.76$0.83
2021Detailed filing. Detailed filing data is available for this year.$7.81$4.66$3.16$3.80$2.95$0.85
2020Summary only. Only limited summary data is available for this year.$6.15$3.84$2.31$2.76$2.39$0.37
2019Summary only. Only limited summary data is available for this year.$5.00$3.06$1.94$2.64$2.14$0.50
2018Summary only. Only limited summary data is available for this year.$4.63$3.20$1.43$1.72$1.78$0.05
2017Summary only. Only limited summary data is available for this year.$4.85$3.36$1.49$1.94$1.71$0.23
2016Summary only. Only limited summary data is available for this year.$4.84$3.58$1.26$1.62$1.55$0.07
2015Summary only. Only limited summary data is available for this year.$4.81$3.62$1.19$2.23$1.63$0.60
2014Summary only. Only limited summary data is available for this year.$2.95$2.35$0.59$1.21$1.09$0.12
2013Summary only. Only limited summary data is available for this year.$1.16$0.68$0.48$1.06$0.94$0.12
2012Summary only. Only limited summary data is available for this year.$1.09$0.62$0.47$1.06$0.85$0.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Dec 16, 2024
Return Version
2023v5.0
Gross Receipts
$7,802,718
Mission and Program Overview

Mission

Provide a christian world-view curriculum and servant leadership training. We partner with families to pursue rigorous, college-bound academics within a caring community, experienced through vital, committed relationships among faculty, students, and parents. We honor jesus christ by integrating christian discipleship into an academic setting that includes fine arts, athletics, and global missions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,201,865$17,022,324▼ $179,541
Savings and Temporary Cash Investments$2,333$429,861▲ $427,528
Investments Other Securities$261,676$353,817▲ $92,141
Loans From Officers Directors$170,000--
Investments in Publicly Traded Securities$30,268$99,958▲ $69,690
Cash and Non-Interest-Bearing Accounts$16,054$81,350▲ $65,296
Pledges and Grants Receivable$149,700$76,750▼ $72,950
Accounts Receivable$56,202$15,558▼ $40,644
Prepaid Expenses and Deferred Charges$19,639$13,688▼ $5,951
Total Assets$17,737,737$18,093,306▲ $355,569
Liabilities
Tax Exempt Bond Liabilities$12,143,887$11,641,829▼ $502,058
Mortgage Notes Payable Secured by Investment Property$899,219$833,709▼ $65,510
Accounts Payable and Accrued Expenses$188,726$142,342▼ $46,384
Deferred Revenue$62,493$107,534▲ $45,041
Other Liabilities$24,827$18,377▼ $6,450
Total Liabilities$13,489,152$12,743,791▼ $745,361
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,698,042$4,728,684▲ $1,030,642
Net Assets With Donor Restrictions$550,543$620,831▲ $70,288
Total Net Assets Fund Balance$4,248,585$5,349,515▲ $1,100,930
Total Liabilities and Net Assets / Fund Balance$17,737,737$18,093,306▲ $355,569

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,627,141$1,952,657$17,579,798
Land$777,847-$777,847
Other Land Buildings$461,250$314,972$776,222
Equipment$156,086$116,575$272,661

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$219,248$22,275▲ $39,007-$277,869
2022$222,660$24,804▼ $16,216-$219,248
2021$176,710$86,007▼ $40,057-$222,660
2020$58,062$126,407▲ $19,057-$176,710
2019-$54,778▲ $3,284-$58,062
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Brad WeeksChairman
Hugh HarrisPresident/he
Brad FarrowDirector
Dave SagravesDirector
Jeff SheetsDirector
Matthew PowellDirector
Sam DonnellyDirector
Sheri DudleyDirector
Tammy SchindelSecretary
Todd HarmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rosen Paint AuthorityExterior Paint887 MEADOW CREST WAY, Lebanon, TN 37090$110,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,019,261
Program Service Revenue
$6,571,665
Investment Income
$22,077
Other Revenue
$116,491
All Other Contributions
$296,545
Change in Net Assets
$1,047,167

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,729,494
Revenue Not Reported on Form 990
$96,454
Total Revenue per Audited Statements
$7,825,948
Total Revenue per Form 990
$7,729,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,199,630
Salaries, Compensation, and Employee Benefits$2,892,987
Grants and Similar Amounts Paid$589,710
Total Fundraising Expense$116,559
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,179,428$177,357$81,874$2,438,659
Depreciation Depletion$609,710--$609,710
Grants to Domestic Individuals$589,710--$589,710
Interest$30,123$461,366-$491,489
Occupancy$334,903--$334,903
Other Employee Benefits$195,031$15,871$7,327$218,229
Payroll Taxes$164,212$13,363$6,169$183,744
All Other Expenses$81,641$47,479-$129,120
Other Expenses$103,052--$103,052
Insurance$85,113$853$394$86,360
Advertising$59,872$1$16,300$76,173
Fees for Services Other$50,187$2,259$1,043$53,489
Pension Plan Contributions$46,789$3,808$1,758$52,355
Fees for Services Accounting-$21,743-$21,743
Travel$19,977--$19,977
Information Technology$15,572--$15,572
Office Expenses$10,355$990$1,694$13,039
Fees for Service Investment Mgmnt Fees-$2,791-$2,791
Fees for Services Legal$2,100--$2,100
Total Functional Expenses$5,817,887$747,881$116,559$6,682,327

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,725,018
Expenses per Audited Statements$6,682,327
Total Expenses per Form 990$6,682,327
Expenses Not Reported on Form 990$42,691
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$98,114
Fundraising Direct Expenses$42,691
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Coffee House$354,152$94,436$25,718$68,718
Total Events$354,152$94,436$25,718$68,718
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
Loans from Officers, Directors, Trustees, and Key Employees$170,000--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligations$18,377

Bond Issues

BondIssuerIssuedIssue PricePurpose
AHealth & Educ Facilities Board2021-01-28$12,550,000BUILDING EXPANSION

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 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, Page 6, Part VI, Line 11B

“A copy of the 990 is provided to the governing body for review and approval prior to filing the return.”

Form 990, Page 6, Part VI, Line 12C

“Annually, all board members, directors and key employees are required to fill out a conflict of interest disclosure.”

Form 990, Page 6, Part VI, Line 19

“All governing documents and form 990 are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Franklin Christian Academy
EIN
80-0117857
Phone
6155999229
Address
PO BOX 682712, FRANKLIN, TN 37068

Signing Officer

Name
Hugh Harris
Title
President/headmaster
Phone
6155999229
Signed
2024-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Weeks
Formed
2004
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
54
Volunteers
75

Preparer

Firm
Mullins Clemmons & Mayes Pllc
Address
340 SEVEN SPRINGS WAY STE 720, BRENTWOOD, TN 37027-5098
Preparer
Larry D Mullins
Phone
6153708576
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Provide a christian world-view curriculum and servant leadership training. We partner with families to pursue rigorous, college-bound academics within a caring community, experienced through vital, committed relationships among faculty, students, and parents. We honor jesus christ by integrating christian discipleship into an academic setting that includes fine arts, athletics, and global missions.”

Form 990, Part XI, Line 9

“Direct special event expenses 42,691 direct special event expenses -42,691”

Financial Statement Notes

Schedule D, Page 3, Part X

“The academy is exempt from income taxes under section 501(c)(3) of the internal revenue code. In addition, the academy qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an academy that is not a private foundation. The academy files an annual information return (form 990) with u.s. Government. At may 31, 2024, the academy is no longer subject to u.s. Examinations of these returns by tax authorities for years before 2020. The academy believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions which are material to the financial statements.”

Schedule D, Page 4, Part XI, Line 2D

“Direct special event expenses 42,691”

Schedule D, Page 4, Part XII, Line 2D

“Direct special event expenses 42,691”

Raw XML AppendixShowing 400 of 573 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/ActivityOrMissionDesc0PROVIDE A CHRISTIAN WORLD-VIEW CURRICULUM AND SERVANT LEADERSHIP TRAINING. WE PARTNER WITH FAMILIES TO PURSUE RIGOROUS, COLLEGE-BOUND ACADEMICS WITHIN A CARING COMMUNITY, EXPERIENCED THROUGH VITAL, COMMITTED RELATIONSHIPS AMONG FACULTY, STUDENTS, AND PARENTS. WE HONOR JESUS CHRIST BY INTEGRATING CHRISTIAN DISCIPLESHIP INTO AN ACADEMIC SETTING THAT INCLUDES FINE ARTS, ATHLETICS, AND GLOBAL MISSIONS.
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IRS990/Form990PartVIISectionAGrp/PersonNm7DAVE SAGRAVES
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IRS990/MissionDesc0PROVIDE A CHRISTIAN WORLD-VIEW CURRICULUM AND SERVANT LEADERSHIP TRAINING. WE PARTNER WITH FAMILIES TO PURSUE RIGOROUS, COLLEGE-BOUND ACADEMICS WITHIN A CARING COMMUNITY, EXPERIENCED THROUGH VITAL, COMMITTED RELATIONSHIPS AMONG FACULTY, STUDENTS, AND PARENTS. WE HONOR JESUS CHRIST BY INTEGRATING CHRISTIAN DISCIPLESHIP INTO AN ACADEMIC SETTING THAT INCLUDES FINE ARTS, ATHLETICS, AND GLOBAL MISSIONS.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATIONS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ACADEMY QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ACADEMY THAT IS NOT A PRIVATE FOUNDATION. THE ACADEMY FILES AN ANNUAL INFORMATION RETURN (FORM 990) WITH U.S. GOVERNMENT. AT MAY 31, 2024, THE ACADEMY IS NO LONGER SUBJECT TO U.S. EXAMINATIONS OF THESE RETURNS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. THE ACADEMY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS WHICH ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT SPECIAL EVENT EXPENSES 42,691
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT SPECIAL EVENT EXPENSES 42,691
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X

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