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← REPUBLIC SCHOOLS NASHVILLE

Form 990 for tax year 2024

Filed by REPUBLIC SCHOOLS NASHVILLE.

Totals

Total revenue
$18,041,947
Total expenses
$16,918,660
Contributions and grants received
$17,757,572
Grants paid
$0
Program service revenue
$14,829
Investment income
$258,311
Other revenue
$11,235
Total assets, end of year
$35,099,055
Total liabilities, end of year
$12,110,286
Net assets or fund balances, end of year
$22,988,769
Program services expenses (Part IX)
$14,429,786
Management and general expenses
$2,488,874
Fundraising expenses
$0
Program service expenses (Part III)
$14,429,786

Program services were 85.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $17,717,951

  • 1f · All other contributions, gifts and grants

    $39,621

  • 2a · Program service revenue: RENTAL INCOME

    total $10,000 · related or exempt $10,000

  • 2b · Program service revenue: STUDENT ACTIVITIES

    total $4,829 · related or exempt $4,829

  • 3 · Investment income

    total $258,311 · excluded $258,311

  • 11a · Other revenue: FOOD SERVICES

    total $6,836 · related or exempt $6,836

  • 11b · Other revenue: OTHER INCOME

    total $4,399 · related or exempt $4,399

  • 11e · Other revenue, total

    $11,235

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $267,962 · program services $267,962

  • 7 · Other salaries and wages

    total $6,465,549 · program services $6,465,549

  • 11a · Fees: management

    total $2,464,488 · management and general $2,464,488

  • 11g · Fees: other

    total $3,612,022 · program services $3,587,736 · management and general $24,286

  • 13 · Office expenses

    total $130,726 · program services $130,626 · management and general $100

  • 14 · Information technology

    total $272,158 · program services $272,158

  • 16 · Occupancy

    total $1,280,423 · program services $1,280,423

  • 20 · Interest

    total $252,123 · program services $252,123

  • 22 · Depreciation, depletion and amortization

    total $1,124,140 · program services $1,124,140

  • 24a · Other expenses: FOOD SERVICE

    total $668,700 · program services $668,700

  • 24b · Other expenses: INSTRUCTIONAL

    total $364,883 · program services $364,883

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $10,657 · program services $10,657

  • 24d · Other expenses: CLASS ACCOUNTS

    total $4,829 · program services $4,829

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,595,927 · end of year $14,934,564

  • 4 · Accounts receivable

    beginning of year $1,685,622 · end of year $1,727,780

  • 9 · Prepaid expenses and deferred charges

    beginning of year $104,138 · end of year $1,157

  • 10a · Land, buildings and equipment: cost or other basis

    $24,277,663

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,107,762

  • 10c · Land, buildings and equipment, net

    beginning of year $14,651,660 · end of year $14,169,901

  • 15 · Other assets

    beginning of year $5,333,166 · end of year $4,265,653

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,722,147 · end of year $1,604,613

  • 23 · Secured mortgages and notes payable

    beginning of year $7,757,864 · end of year $7,269,358

  • 25 · Other liabilities

    beginning of year $4,025,020 · end of year $3,236,315

  • 27 · Net assets without donor restrictions

    beginning of year $21,865,482 · end of year $22,988,769

Mission and programs · 2024

Mission

THE MISSION OF REPUBLIC SCHOOLS NASHVILLE IS TO REIMAGINE PUBLIC EDUCATION IN THE SOUTH. REPUBLIC PREPARES SCHOLARS TO ENTER, SUCCEED IN, AND GRADUATE FROM COLLEGE, AND OPERATES SCHOOLS THAT VALUE INNOVATION AND OWNERSHIP.

Activities or mission (Part I)

TO REIMAGINE PUBLIC EDUCATION IN THE SOUTH AND PREPARE ALL OF OUR SCHOLARS TO GRADUATE FROM COLLEGE.

  • MANAGE A NETWORK OF PUBLIC CHARTER SCHOOLS IN NASHVILLE, TN.

    Expenses $14,429,786 · Revenue $26,064

As filed on the 2024 return.

Listed in Part VII

  • ASHLEY DAVIS GAILIMORE

    CEO

    Total calculated
    $268,716
    From this org
    $240,000
    From related orgs
    $0
    Other
    $28,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,000
    Bonus
    $0
    Other
    $0
    Deferred
    $14,400
    Nontaxable benefits
    $14,316
    Filer's total
    $268,716

  • ERIKA HUFFMAN

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • WOOD CALDWELL

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ASHLEY HARBIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANNETTE GREEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DIARESE GEORGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JULIE HANKS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MICAYLA TATUM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
A REPORT ON INDUSTRY BENCHMARKS FOR PAY IS USED TO GUIDE COMPENSATION PLUS AN ANALYSIS IS DONE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • REPUBLIC HIGH SCHOOL LLC

    REAL ESTATE HOLDING · TN · income $1,170,000 · assets $9,508,475

    Directly controlled by REPUBLIC SCHOOLS NASHVILLE

Provenance

Return type
form_990
Tax year
2024
Filed
25 March 2026
IRS schema version
2024v5.5
Source object
202620999349301627

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