Fiscal Year
07/01/2023
06/30/2024
$15,678,041.00
$15,616,269.00
Organizational Budgets and Other Documents
| 2023 Budget | 2023 |
| 5 Year Budget | 2022 |
| FY221 Budget | 2021 |
| 2020 Budget | 2020 |
| 2019 Budget | 2019 |
| 2018 Budget | 2018 |
| 2017 Budget | 2017 |
| Nashville Classical Charter School 2016 Budget | 2016 |
| Nashville Classical 2015 Budget | 2015 |
IRS Letter of Exemption
| Nashville Classical (Athens of the South Charter School) IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $10,847,605.00 | $8,654,228.00 | |
| Total Expenses | $9,257,709.00 | $6,477,243.00 | |
| Revenue Less Expenses | ($-0.00) | $1,589,896.00 | $2,176,985.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $735,000.00 | $380,000.00 | |
| Government - Federal | $1,008,143.00 | $192,762.00 | |
| Government - State | $7,948,451.00 | $6,471,347.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $1,156,011.00 | $1,601,994.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $0.00 | |
| Investment Income, Net of Losses | $0.00 | $8,125.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $6,109,211.00 | $4,843,188.00 | |
| Administration Expense | $3,148,498.00 | $1,634,055.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 117% | 134% | |
| Program Expense/Total Expenses | 66% | 75% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | State Government Grants $7,948,451.00 | State Government Grants $6,471,347.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $1,156,011.00 | Contributions, Gifts, Grants $1,601,994.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | National Government Grants $1,008,143.00 | Foundation and Corporations $380,000.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $8,440,189.00 | $5,457,451.00 | |
| Current Assets | $5,216,539.00 | $4,221,808.00 | |
| Long-Term Liabilities | $737,280.00 | $179,335.00 | |
| Current Liabilities | $1,316,764.00 | $481,867.00 | |
| Total Net Assets | $6,386,145.00 | $4,796,249.00 |
Endowment Info
No
Capital Campaign Info
Yes
$4,000,000.00
We are preparing to purchase and repurpose the old Brookmeade Elementary, which a local foundation currently owns. The total project, including acquisition and renovation, will cost approximately $22 Million with $3.5 Million of renovations already complete. We plan to finance construction using a 30-year fixed rate loan from the Equitable Facilities Fund, a nonprofit focused on helping high-quality charter schools grow and expand.
The facility will help us to double our enrollment, serve students in every zipcode of the city, and prove diverse schools are possible in Davidson County. The facility also means we can give our students and families the experience they deserve, including fields, a dedicated gymnasium, spacious classrooms, teacher workspaces, and more!
July 2024
June 2028
April
2024
$500,000.00
Solicitation Permit Info
Exempt
Form 990s
Audit Documents
| Financial Audit | 2022 |
| Nashville Classical 2021 Audit Report | 2021 |
| Nashville Classical Audit Report | 2020 |
| 2019 Financial Audit | 2019 |
| Financial Audit | 2018 |
| Financial Audit | 2017 |
| Financial Audit Report | 2016 |
| Audit Report | 2015 |
| NCCS Audit Report - Y0/Y1 | 2014 |
| NCCS FY23 Audit | 203 |
Foundation Staff Comments
| Financial figures taken from the 990. Schedule B removed to protect donor privacy. 990 prepared by Baker Tilly US, LLP. Comment provided by Tina Randolph 04/06/2023. |
