2026-04-14T14:59:30-05:00 2025-05-31 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-06-01 620897591 FRIENDSHIP CHRISTIAN SCHOOL INC FRIE 6154491573 5400 COLES FERRY PIKE LEBANON TN 370879407 RANDALL DUNN CFO/EXECUTIVE VICE PRESIDENT 6154491573 2026-04-14 1 0 DAREN DAIGA P01074795 5055022746 2026-04-14 2024 2025-03-06 01:10:19Z JON SHOULDERS 5400 COLES FERRY PIKE LEBANON TN 370879407 13965061 0 X WWW.FRIENDSHIPCHRISTIAN.ORG X 1973 TN ELEMENTARY AND SECONDARY EDUCATION 11 10 192 225 0 0 1185511 886591 11745672 12976284 37120 93060 -5155 -5137 12963148 13950798 472181 2113165 0 0 5819814 6289105 10227 0 70237 4710076 4387304 11012298 12789574 1950850 1161224 11461949 12681732 2507959 2567712 8953990 10114020 TO PROVIDE AN EXCELLENT EDUCATION IN A CHRISTIAN ENVIRONMENT. 0 0 7759060 2113165 11096483 INSTRUCTION & STUDENT ACTIVITIES 1740193 0 1879801 AUXILIARY ACTIVITIES 1039843 0 0 ACADEMIC SUPPORT 10539096 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 31 0 1 192 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 10 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 1 1 0 TN X RANDALL DUNN 6154491573 5400 COLES FERRY PIKE LEBANON TN 370879407 X KEVIN LESTER CHAIRMAN 1.00 1.00 X X 0 0 0 BILL BRYSON VICE CHAIR 1.00 X X 0 0 0 WYNNE BAKER SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 BILL ROBERTSON MD DIRECTOR 1.00 X 0 0 0 ROGER RAMSEY DIRECTOR 1.00 X 0 0 0 WENDY HAILEY DIRECTOR 1.00 X 0 0 0 ASHLEY HINESLEY DIRECTOR 1.00 X 0 0 0 JIMMY MCCULLOCH DIRECTOR 1.00 1.00 X 0 0 0 JOY MCMURRY DIRECTOR 1.00 1.00 X 0 0 0 KAYLA HAWKINS DIRECTOR 1.00 X 0 0 0 MATT BRYSON DIRECTOR 1.00 X 0 0 0 JON SHOULDERS PRESIDENT/CEO 40.00 1.00 X 151048 0 67468 RANDALL DUNN EXECUTIVE VICE PRESIDENT/CFO 40.00 X 130332 0 24121 VERONICA BENDER PRINCIPAL 40.00 X 136992 0 2005 418372 0 93594 3 0 1 0 SOLOMON BUILDERS 4539 TROUSDALE DRIVE NASHVILLE TN 37204 CONSTRUCTION 732342 1 34840 32985 33769 784997 50693 886591 TUITION AND FEES 611710 11105609 11105609 STUDENT ACCOMODATIONS 611710 745869 745869 CAFETERIA REVENUE 611710 652046 652046 ADMIN-CLOTHING REVENUE 611710 164493 164493 ATHLETICS REVENUES 611710 89816 89816 218451 218451 12976284 93060 93060 9126 34840 14263 -5137 -5137 13950798 12976284 0 87923 2113165 2113165 391766 329083 58765 3918 244683 244683 4871297 4054315 765921 51061 16815 13834 2795 186 369110 308768 56571 3771 395434 332165 59315 3954 18819 18819 63 63 490416 282451 204686 3279 121417 65517 51832 4068 239320 227354 11966 88338 84572 3766 1032762 856245 176517 125622 125622 STUDENT ACCOMMODATIONS 987634 987634 REPAIRS AND MAINTENANCE 643666 643666 ATHLETIC SUPPLIES 375213 375213 INSTRUCTION SUPPLIES 264034 264034 12789574 10539096 2180241 70237 1734842 1552658 13477 630669 123330 43407 9061 11672 20669171 10612071 9581239 10057100 0 386226 11461949 12681732 525640 683797 251334 205959 1730985 1279207 0 398749 2507959 2567712 X 8213826 9396259 740164 717761 8953990 10114020 11461949 12681732 1161224 -1194 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 927131 79579 72894 4207 929609 885192 56337 14323 75 927131 883913 19777 18423 75 885192 892663 13531 22231 50 883913 879803 43638 29877 901 892663 0.00000 1.00000 0.00000 0 1 1 381841 381841 16891305 7928382 8962923 3396025 2683689 712336 10057100 FINANCE LEASES RIGHT-OF-USE OBLIGATIONS 398749 398749 PART V, LINE 4: THE ENDOWMENT FUND EXISTS TO FURTHER THE MISSION AND PROGRAMS OF FRIENDSHIP CHRISTIAN SCHOOL INC. SCHEDULE D, PART V, LINE 1C, COLUMN B PRIOR YEAR NET INVESTMENT EARNINGS WERE UPDATED TO CAPTURE A PRIOR PERIOD ADJUSTMENT. UPDATED IN ORDER TO CORRECT ENDOWMENT REPORTING FOR CURRENT YEAR AND FUTURE YEARS. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL IS IN THE PROCESS OF UPDATING ITS WEBSITE TO BE IN FULL COMPLIANCE WITH THE REV. PROC. 2019-22 STANDARDS IN ORDER TO CHECK YES TO LINE 3 ON FUTURE FORM 990'S. THE ORGANIZATION'S NONDISCRIMINATORY POLICY WAS PUBLISHED ON THEIR WEBSITE BEGINNING IN MARCH OF 2026. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED GOVERNMENTAL GRANTS IN THE CURRENT YEAR FROM THE STATE OF TENNESSEE. GOLF TOURNAMENT 43966 34840 9126 1500 7020 2989 2754 43966 34840 9126 1500 7020 2989 2754 14263 -5137 1 STUDENT AID 781 2113165 PART I, LINE 2: AID RECIPIENTS APPLY TO A THIRD PARTY (FACTS) TO DETERMINE FINANCIAL NEED. A COMMITTEE OF ADMINISTRATORS REVIEW EACH APPLICANT AND AID IS AWARDED BASED ON DEMONSTRATED NEED, AND OCCASIONALLY OTHER FACTORS THAT MAY NOT BE PRESENT IN FACTS' ANALYSIS. NO CASH CHANGES HANDS AND FUNDS ARE DIRECLTY APPLIED TO STUDENT ACCOUNTS X 1 1 X X X 0 0 0 0 0 0 0 1 0 JON SHOULDERS PRESIDENT/CEO 146365 0 2703 0 1980 0 32323 0 35145 0 218516 0 0 0 RANDALL DUNN EXECUTIVE VICE PRESIDENT/CFO 125635 0 2717 0 1980 0 300 0 23821 0 154453 0 0 0 PART I, LINE 1A PURSUANT TO INTERNAL REVENUE CODE SECTION 107, MINISTERIAL HOUSING ALLOWANCES ARE PROVIDED FOR QUALIFYING MINISTERIAL EMPLOYEES. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. THE PRESIDENT/CEO OF THE ORGANIZATION MET THE QUALIFICATIONS FOR AND RECEIVED A MINISTERIAL HOUSING ALLOWANCE DURING THE TAX YEAR. PART I, LINE 7 THE BOARD APPROVED NONFIXED PAYMENTS MADE IN THE FORM OF DISCRETIONARY BONUSES TO ALL FULL-TIME TEACHERS, ADMIN, AND EMPLOYEES. PAM SHOULDERS FAMILY MEMBER OF JON SHOULDERS, PRESIDENT/CEO 53111 EMPLOYEE COMPENSATION 0 LUKE SHOULDERS FAMILY MEMBER OF JON SHOULDERS, PRESIDENT/CEO 55016 EMPLOYEE COMPENSATION 0 VERONICA BENDER FAMILY MEMBER OF JOY MCMURRY, DIRECTOR 136556 EMPLOYEE COMPENSATION 0 X 1 50693 FMV 0 0 0 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS DONATED. PART I, LINE 32B: THE ORGANIZATION USES A THIRD PARTY, GIVE CAMPUS, TO PROCESS ONLINE GIFTS. FORM 990, PART VI, SECTION A, LINE 2 VERONICA BENDER, PRINCIPAL AND JOY MCMURRY, DIRECTOR HAVE A FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, THIS LINE WAS ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION IS IN THE PROCESS OF IMPLEMENTING A CONFLICT OF INTEREST POLICY. THIS QUESTION WILL BE ANSWERED YES ON THE 5/31/2026 TAX RETURN. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: THE PROCESS FOR DETERMINING COMPENSATION FOR THE PRESIDENT OF THE SCHOOL IS DONE BY A REVIEW OF RELEVANT INFORMATION, INCLUDING COMPARABLE INDUSTRY SALARY INFORMATION, AND COMPARISON TO THE FORM 990S OF LOCAL SCHOOLS OF SIMILAR SIZE, WITH A SIMILAR MISSION. THE REVIEW IS DONE BY THE COMPENSATION COMMITTEE WHO APPROVES THE PRESIDENT'S SALARY AND CHANGES. THE COMPENSATION COMMITTEE DELIBERATES ON COMPARISON DATA AND OVERALL PERFORMANCE OF THE SCHOOL. THIS COMMITTEE THEN PRESENTS THEIR FINDINGS AND RECOMMENDATION TO THE FULL BOARD VIA EMAIL. THE FULL BOARD THEN VOTES VIA EMAIL. COMPENSATION COMMITTEE CHAIR MAINTAINS THESE EMAILS AND FILES. LINE 15B: COMPENSATION FOR ALL OTHER OFFICERS AND TOP MANAGEMENT ARE DETERMINED BY COMPARING SALARIES TO COMPARABLE LOCAL SCHOOLS AND REVIEWED BY THE PRESIDENT OF THE SCHOOL. THIS PROCESS IS DOCUMENTED IN HR FILES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A COMPENSATION REPORTED IN PART VII, COLUMN D AND SCHEDULE J, PART II, COLUMN B IS THE AMOUNT REPORTED ON THE INDIVIDUAL'S W-2, BOX 1 OR 5 (WHICHEVER AMOUNT IS GREATER) PER THE IRS INSTRUCTIONS. IN THE CASE OF MINISTER'S COMPENSATION WHEN BOX 5 OF THE W-2 IS NOT APPLICABLE, BOX 1 COMPENSATION IS USED. EMPLOYEE DEFERRALS TO QUALIFIED RETIREMENT PLANS ARE NORMALLY CAPTURED IN BOX 5, NOT BOX 1 OF FORM W-2. FOR REPORTING PURPOSES WE HAVE INCLUDED THE MINISTER'S RETIREMENT PLAN DEFERRALS IN PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN C. GWENDOLYN MCFARLAND TRUST 5400 COLES FERRY PIKE LEBANON TN 37087 581594185 PROVIDE ONGOING FINANCIAL SUPPORT FOR FRIENDSHIP CHRISTIAN SCHOOL TN 501(C)(3) LINE 12A, I FRIENDSHIP CHRISTIAN SCHOOL 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0