Civic Intelligence

Fulton Science Academy Middle School Inc

990 • Fiscal year 2015 • EIN 58-2512910

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

Organization ProfileWWW.FULTONSCIENCE.ORG
630 Sims Industrial BlvdAlpharetta, GA 30004

(770) 753-4141

Siviq Scores

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

Liabilities / Assets

85th percentile

0.28x

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

4th percentile

-81%

Faster asset growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$14,226

Down $61,854 (-81%) from 2014

Net Assets

Down

$10,226

Down $65,854 (-87%) from 2014

Liabilities

Up

$4,000

Up $4,000 from 2014

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2014

Expenses

Down

$65,854

Down $6,597 (-9.1%) from 2014

Net Income

Up

-$65,854

Up $6,597 (+9.1%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $994,432Liabilities 2011: $90,968Net Assets 2011: $903,4642011Assets 2012: $4,443,354Liabilities 2012: $3,906,582Net Assets 2012: $536,7722012Assets 2013: $471,672Liabilities 2013: $459,507Net Assets 2013: $12,1652013Assets 2014: $76,080Liabilities 2014: $0Net Assets 2014: $76,0802014Assets 2015: $14,226Liabilities 2015: $4,000Net Assets 2015: $10,2262015

Highlighted filing

2015

Assets$14,226
Liabilities$4,000
Net Assets$10,226
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,400,721Expenses 2011: $4,054,975Net Income 2011: $345,7462011Expenses 2012: $4,535,8132012Revenue 2013: $1,516Expenses 2013: $395,679Net Income 2013: -$394,1632013Revenue 2014: $0Expenses 2014: $72,451Net Income 2014: -$72,4512014Revenue 2015: $0Expenses 2015: $65,854Net Income 2015: -$65,8542015

Highlighted filing

2015

Revenue$0
Expenses$65,854
Net Income-$65,854
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$0
Mission and Program Overview

Mission

Instruction of the middle school math and science curriculum in a charter school setting.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$76,080$14,226▼ $61,854
Total Assets$76,080$14,226▼ $61,854
Liabilities
Accounts Payable and Accrued Expenses-$4,000-
Total Liabilities$0$4,000▲ $4,000
Net Assets / Fund Balance
Unrestricted Net Assets$76,080$10,226▼ $65,854
Total Net Assets Fund Balance$76,080$10,226▼ $65,854
Total Liabilities and Net Assets / Fund Balance$76,080$14,226▼ $61,854
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Ayhan KorucuPresident
Mustafa KececiBoard Member
Selma AktasSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-65,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$48,283
Other Expenses$17,571
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Employee Benefits-$40,308-$40,308
Fees for Services Accounting-$16,626-$16,626
Payroll Taxes-$7,975-$7,975
Other Expenses-$945-$945
Total Functional Expenses$0$65,854$0$65,854
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11

“A draft copy of form 990 is sent to the board of directors by email with a request for comments and/or questions. Form 990 is approved at a public meeting of the board of directors.”

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

“The conflict of interest policy is posted on our website and read during board meetings. Our stakeholders (parents, staff and board) are all aware of this policy.”

Form 990, Part VI, Section B, Line 15

“This school is a fulton county board of education charter school which requires top management and officers salaries to be decided by the board of directors after reviewing the salary schedule of fulton county and other charter school administrators in the greater metropolitan atlanta area.”

Form 990, Part VI, Section C, Line 19

“Governing board documents are available for public viewing in the front office of the school. The conflict of interest policy is posted at www.fultonscience.org. Financial statements are copied and plcaed for public viewing during board of directors meetings.”

Filing and Contact Details

Filer

Filer Name
Fulton Science Academy Middle School Inc
EIN
58-2512910
Phone
7707534141
Address
630 SIMS INDUSTRIAL BLVD, ALPHARETTA, GA 30004

Signing Officer

Name
Ayhan Korucu
Title
President
Phone
7707534141
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ayhan Korucu
Formed
2001
Legal Domicile
Ga
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Marshall Jones & Co
Address
26 LENOX POINTE NE, ATLANTA, GA 30324-3169
Preparer
Susan K Hopkins
Phone
4042312001
Raw XML Appendix267 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF FORM 990 IS SENT TO THE BOARD OF DIRECTORS BY EMAIL WITH A REQUEST FOR COMMENTS AND/OR QUESTIONS. FORM 990 IS APPROVED AT A PUBLIC MEETING OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS POSTED ON OUR WEBSITE AND READ DURING BOARD MEETINGS. OUR STAKEHOLDERS (PARENTS, STAFF AND BOARD) ARE ALL AWARE OF THIS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS SCHOOL IS A FULTON COUNTY BOARD OF EDUCATION CHARTER SCHOOL WHICH REQUIRES TOP MANAGEMENT AND OFFICERS SALARIES TO BE DECIDED BY THE BOARD OF DIRECTORS AFTER REVIEWING THE SALARY SCHEDULE OF FULTON COUNTY AND OTHER CHARTER SCHOOL ADMINISTRATORS IN THE GREATER METROPOLITAN ATLANTA AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING BOARD DOCUMENTS ARE AVAILABLE FOR PUBLIC VIEWING IN THE FRONT OFFICE OF THE SCHOOL. THE CONFLICT OF INTEREST POLICY IS POSTED AT WWW.FULTONSCIENCE.ORG. FINANCIAL STATEMENTS ARE COPIED AND PLCAED FOR PUBLIC VIEWING DURING BOARD OF DIRECTORS MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
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ReturnHeader/PreparerPersonGrp/PhoneNum04042312001
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN K HOPKINS
ReturnHeader/ReturnTs02016-05-16T18:22:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,226
Liabilities
$4,000
Net assets
$10,226
Revenue
$0
Expenses
$65,854
Net income
-$65,854
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.00$0.07$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.00$0.07$0.07
2013Summary only. Only limited summary data is available for this year.$0.47$0.46$0.01$0.00$0.40$0.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.44$3.91$0.54$4.54
2011Summary only. Only limited summary data is available for this year.$0.99$0.09$0.90$4.40$4.05$0.35