Civic Intelligence

Fulton Science Academy Private School Inc.

990 • Fiscal year 2020 • EIN 61-1684239

Jun 01, 2019 to May 31, 2020 • Filed on Feb 02, 2021

Organization ProfileWWW.FULTONSCIENCEACADEMY.ORG

View Organization Page

3035 Fanfare WayAlpharetta, GA 30009

(678) 366-2555

Siviq Scores

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

Liabilities / Assets

87th percentile

0.83x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

1.89x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

90th percentile

50%

Faster asset growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

73rd percentile

15%

Faster revenue growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$20,872,888

Up $6,977,834 (+50%) from 2019

Net Assets

Up

$3,534,063

Up $1,027,306 (+41%) from 2019

Liabilities

Up

$17,338,825

Up $5,950,528 (+52%) from 2019

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin66th percentile

Revenue

Up

$9,172,108

Up $1,226,836 (+15%) from 2019

Expenses

Up

$8,144,802

Up $840,516 (+12%) from 2019

Net Income

Up

$1,027,306

Up $386,320 (+60%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$40M$30M$20M$10M$0-$10MAssets 2013: $302,741Liabilities 2013: $538,562Net Assets 2013: -$235,8212013Assets 2014: $345,603Liabilities 2014: $914,405Net Assets 2014: -$568,8022014Assets 2015: $574,121Liabilities 2015: $1,236,850Net Assets 2015: -$662,7292015Assets 2016: $1,611,429Liabilities 2016: $2,320,176Net Assets 2016: -$708,7472016Assets 2017: $14,236,468Liabilities 2017: $12,546,851Net Assets 2017: $1,689,6172017Assets 2018: $14,516,793Liabilities 2018: $12,651,022Net Assets 2018: $1,865,7712018Assets 2019: $13,895,054Liabilities 2019: $11,388,297Net Assets 2019: $2,506,7572019Assets 2020: $20,872,888Liabilities 2020: $17,338,825Net Assets 2020: $3,534,0632020Assets 2021: $26,210,791Liabilities 2021: $20,231,106Net Assets 2021: $5,979,6852021Assets 2022: $28,584,420Liabilities 2022: $21,020,905Net Assets 2022: $7,563,5152022Assets 2023: $31,644,674Liabilities 2023: $22,837,042Net Assets 2023: $8,807,6322023Assets 2024: $37,381,174Liabilities 2024: $26,785,155Net Assets 2024: $10,596,0192024

Highlighted filing

2020

Assets$20,872,888
Liabilities$17,338,825
Net Assets$3,534,063
Open 2020 Filing

Operations Trend

Revenue Growth73rd percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2013: $1,291,759Expenses 2013: $1,527,580Net Income 2013: -$235,8212013Revenue 2014: $1,768,951Expenses 2014: $2,123,806Net Income 2014: -$354,8552014Revenue 2015: $2,609,308Expenses 2015: $2,703,235Net Income 2015: -$93,9272015Revenue 2016: $4,118,543Expenses 2016: $4,164,561Net Income 2016: -$46,0182016Revenue 2017: $7,523,021Expenses 2017: $5,124,657Net Income 2017: $2,398,3642017Revenue 2018: $6,501,088Expenses 2018: $6,324,934Net Income 2018: $176,1542018Revenue 2019: $7,945,272Expenses 2019: $7,304,286Net Income 2019: $640,9862019Revenue 2020: $9,172,108Expenses 2020: $8,144,802Net Income 2020: $1,027,3062020Revenue 2021: $11,404,640Expenses 2021: $8,959,018Net Income 2021: $2,445,6222021Revenue 2022: $11,941,954Expenses 2022: $10,358,124Net Income 2022: $1,583,8302022Revenue 2023: $14,606,111Expenses 2023: $13,361,994Net Income 2023: $1,244,1172023Revenue 2024: $18,040,032Expenses 2024: $16,251,645Net Income 2024: $1,788,3872024

Highlighted filing

2020

Revenue$9,172,108
Expenses$8,144,802
Net Income$1,027,306
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Feb 2, 2021
Return Version
2019v5.1
Gross Receipts
$9,172,108
Mission and Program Overview

Mission

To deliver an educational framework designed to achieve the highest academic results and instill enduring strength of character by leveraging innovation and steam curriculums for college preparedness and lifelong student success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,831,742$17,824,894▲ $4,993,152
Cash and Non-Interest-Bearing Accounts$810,469$2,945,662▲ $2,135,193
Accounts Receivable$252,843$102,332▼ $150,511
Total Assets$13,895,054$20,872,888▲ $6,977,834
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,290,556$11,155,938▲ $2,865,382
Deferred Revenue$3,033,514$3,680,326▲ $646,812
Accounts Payable and Accrued Expenses$64,227$1,670,961▲ $1,606,734
Unsecured Notes Loans Payable-$831,600-
Total Liabilities$11,388,297$17,338,825▲ $5,950,528
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,506,757$3,534,063▲ $1,027,306
Total Net Assets Fund Balance$2,506,757$3,534,063▲ $1,027,306
Total Liabilities and Net Assets / Fund Balance$13,895,054$20,872,888▲ $6,977,834

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,354,086$779,526$8,133,612
Leasehold Improvements$5,709,042$110,179$5,819,221
Land$4,440,000-$4,440,000
Other Land Buildings$240,186$245,089$485,275
Equipment$81,580$254,624$336,204
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Ayhan KorucuPresident
Altan KalayciVice President
Dr Metin OguzmertBoard Member
Murat PolatBoard Member
Angela LassetterSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$176,833
Program Service Revenue
$8,995,275
Investment Income
$0
Other Revenue
$0
All Other Contributions
$176,833
Change in Net Assets
$1,027,306

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,172,108
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,172,108
Total Revenue per Form 990
$9,172,108
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,696,085
Other Expenses$3,448,717
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,455,189$383,910-$3,839,099
Other Employee Benefits$510,737$56,749-$567,486
Interest$447,293$49,699-$496,992
All Other Expenses$377,588$19,034-$396,622
Depreciation Depletion$303,584$30,025-$333,609
Payroll Taxes$260,550$28,950-$289,500
Information Technology$238,520$45,432-$283,952
Other Expenses$254,181$264,164-$254,181
Occupancy$175,547$23,938-$199,485
Office Expenses-$134,015-$134,015
Advertising$85,740$9,527-$95,267
Fees for Services Other-$79,830-$79,830
Conferences and Meetings$61,142--$61,142
Insurance$41,127$5,083-$46,210
Travel$25,933$2,881-$28,814
Total Functional Expenses$6,974,982$1,169,820$0$8,144,802

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,144,802
Total Expenses per Audited Statements$8,144,802
Total Expenses per Form 990$8,144,802
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 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
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 11B

“Form 990 is reviewed by the board for approval then signed by the president and filed in accordance with irs form 990 filing requirements.”

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

“The conflict of interest policy is regularly and consistently monitored and enforced by the board of directors as part of regular board meetings. If conflict of interest is disclosed, it is submitted to the board of directors for review and decision of proper resolution.”

Form 990, Part VI, Section B, Line 15

“The executive committee handles compensation issues for the principal and other key employees, if any. This group is made up of the board officers. They consult outside sources such as fulton county school system and other similar non-profit or private schools.”

Form 990, Part VI, Section C, Line 18

“The organization's 990 tax return may be obtained by the public upon request to 3035 fanfare way, alpharetta, ga 30009.”

Form 990, Part VI, Section C, Line 19

“Various information about the organization is maintained on its own website (www.fultonscienceacademy.org). The organization's 990 tax return, governing documents, policies and financial statements may be obtained by the public upon request to 3035 fanfare way, alpharetta, ga 30009.”

Filing and Contact Details

Filer

Filer Name
Fulton Science Academy Private School
EIN
61-1684239
Phone
6783662555
Address
3035 FANFARE WAY, ALPHARETTA, GA 30009

Signing Officer

Name
Ayhan Korucu
Title
President
Phone
6783662555
Signed
2021-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ayhan Korucu
Formed
2012
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
81
Volunteers
0

Preparer

Firm
Marshall Jones
Address
3097 E SHADOWLAWN AVE NE, ATLANTA, GA 30305
Preparer
Nathan Lummus
Phone
4042312001
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The process has not chnaged from prior year.”

Financial Statement Notes

PART X, LINE 2:

“Management has analyzed tax positions taken for filings with the internal revenue service and all state jurisdictions where the school operates. Management believes that income tax filing positions would be sustained upon examination and does not anticipate that any adjustments would result in a material adverse effect on the school's financial condition, results of operations or cash flows. Accordingly, the school has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at may 31, 2020.”

Raw XML Appendix397 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt064227
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01670961
IRS990/AccountsReceivableGrp/BOYAmt0252843
IRS990/AccountsReceivableGrp/EOYAmt0102332
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO DELIVER AN EDUCATIONAL FRAMEWORK DESIGNED TO ACHIEVE THE HIGHEST ACADEMIC RESULTS AND INSTILL ENDURING STRENGTH OF CHARACTER BY LEVERAGING INNOVATION AND STEAM CURRICULUMS FOR COLLEGE PREPAREDNESS AND LIFELONG STUDENT SUCCESS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt09527
IRS990/AdvertisingGrp/ProgramServicesAmt085740
IRS990/AdvertisingGrp/TotalAmt095267
IRS990/AllOtherContributionsAmt0176833
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt019034
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0377588
IRS990/AllOtherExpensesGrp/TotalAmt0396622
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KENAN SENER
IRS990/BooksInCareOfDetail/PhoneNum06783662555
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03035 FANFARE WAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0ALPHARETTA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd030009
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0810469
IRS990/CashNonInterestBearingGrp/EOYAmt02945662
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt061142
IRS990/ConferencesMeetingsGrp/TotalAmt061142
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0176833
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt03448717
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt08995275
IRS990/CYRevenuesLessExpensesAmt01027306
IRS990/CYSalariesCompEmpBnftPaidAmt04696085
IRS990/CYTotalExpensesAmt08144802
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09172108
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt03033514
IRS990/DeferredRevenueGrp/EOYAmt03680326
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt030025
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0303584
IRS990/DepreciationDepletionGrp/TotalAmt0333609
IRS990/Desc0EDUCATION PROGRAMS FOR PRE-K THROUGH 12TH GRADE STUDENTS WITH AN EMPHASIS IN THE S.T.E.A.M. (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATH) AND GIFTED EDUCATION. CURRENTLY SERVING APPROXIMATELY 740 STUDENTS, PROGRAMS UTILIZE ALEARNING ENVIRONMENT THAT NURTURES INDEPENDENT, CONFIDENT, AND CRITICALTHINKERS. FULTON SCIENCE ACADEMY ALSO HAS A VERY STRONG EXTRACURRICULAR PROGRAM WITH VARIOUS AFTER SCHOOL CLUBS, ATHLETIC PROGRAM, AWARD WINNING ACADEMIC TEAMS, AND FIELD TRIPS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt081
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt06974982
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt079830
IRS990/FeesForServicesOtherGrp/TotalAmt079830
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0AYHAN KORUCU
IRS990/Form990PartVIISectionAGrp/PersonNm1ALTAN KALAYCI
IRS990/Form990PartVIISectionAGrp/PersonNm2ANGELA LASSETTER
IRS990/Form990PartVIISectionAGrp/PersonNm3MURAT POLAT
IRS990/Form990PartVIISectionAGrp/PersonNm4DR METIN OGUZMERT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt09172108
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt045432
IRS990/InformationTechnologyGrp/ProgramServicesAmt0238520
IRS990/InformationTechnologyGrp/TotalAmt0283952
IRS990/InsuranceGrp/ManagementAndGeneralAmt05083
IRS990/InsuranceGrp/ProgramServicesAmt041127
IRS990/InsuranceGrp/TotalAmt046210
IRS990/InterestGrp/ManagementAndGeneralAmt049699
IRS990/InterestGrp/ProgramServicesAmt0447293
IRS990/InterestGrp/TotalAmt0496992
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01389418
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012831742
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017824894
IRS990/LandBldgEquipCostOrOtherBssAmt019214312
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DELIVER AN EDUCATIONAL FRAMEWORK DESIGNED TO ACHIEVE THE HIGHEST ACADEMIC RESULTS AND INSTILL ENDURING STRENGTH OF CHARACTER BY LEVERAGING INNOVATION AND STEAM CURRICULUMS FOR COLLEGE PREPAREDNESS AND LIFELONG STUDENT SUCCESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08290556
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011155938
IRS990/NetAssetsOrFundBalancesBOYAmt02506757
IRS990/NetAssetsOrFundBalancesEOYAmt03534063
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02506757
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03534063
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt023938
IRS990/OccupancyGrp/ProgramServicesAmt0175547
IRS990/OccupancyGrp/TotalAmt0199485
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0134015
IRS990/OfficeExpensesGrp/TotalAmt0134015
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt056749
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0510737
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0567486
IRS990/OtherExpensesGrp/Desc0STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3TEXTBOOKS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt036583
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1264164
IRS990/OtherExpensesGrp/ProgramServicesAmt0441858
IRS990/OtherExpensesGrp/ProgramServicesAmt1295993
IRS990/OtherExpensesGrp/ProgramServicesAmt2254181
IRS990/OtherExpensesGrp/TotalAmt0441858
IRS990/OtherExpensesGrp/TotalAmt1332576
IRS990/OtherExpensesGrp/TotalAmt2264164
IRS990/OtherExpensesGrp/TotalAmt3254181
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0383910
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03455189
IRS990/OtherSalariesAndWagesGrp/TotalAmt03839099
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028950
IRS990/PayrollTaxesGrp/ProgramServicesAmt0260550
IRS990/PayrollTaxesGrp/TotalAmt0289500
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0AYHAN KORUCU
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITY FEE
IRS990/ProgramServiceRevenueGrp/Desc2FACILITY USE FEE
IRS990/ProgramServiceRevenueGrp/Desc3MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08311584
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1510789
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt296000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt376902
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08311584
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1510789
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt296000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt376902
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0121042
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt03228312
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07824230
IRS990/PYRevenuesLessExpensesAmt0640986
IRS990/PYSalariesCompEmpBnftPaidAmt04075974
IRS990/PYTotalExpensesAmt07304286
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07945272
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01027306
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08995275
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07354086
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0779526
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08133612
IRS990ScheduleD/EquipmentGrp/BookValueAmt081580
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0254624
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0336204
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08144802
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04440000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04440000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05709042
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0110179
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05819221
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0240186
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0245089
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0485275
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09172108
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE THE SCHOOL OPERATES. MANAGEMENT BELIEVES THAT INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE THAT ANY ADJUSTMENTS WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE SCHOOL'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE SCHOOL HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT MAY 31, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017824894
IRS990ScheduleD/TotalExpensesPerForm990Amt08144802
IRS990ScheduleD/TotalRevenuePerForm990Amt09172108
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09172108
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08144802
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD FOR APPROVAL THEN SIGNED BY THE PRESIDENT AND FILED IN ACCORDANCE WITH IRS FORM 990 FILING REQUIREMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS REGULARLY AND CONSISTENTLY MONITORED AND ENFORCED BY THE BOARD OF DIRECTORS AS PART OF REGULAR BOARD MEETINGS. IF CONFLICT OF INTEREST IS DISCLOSED, IT IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND DECISION OF PROPER RESOLUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE HANDLES COMPENSATION ISSUES FOR THE PRINCIPAL AND OTHER KEY EMPLOYEES, IF ANY. THIS GROUP IS MADE UP OF THE BOARD OFFICERS. THEY CONSULT OUTSIDE SOURCES SUCH AS FULTON COUNTY SCHOOL SYSTEM AND OTHER SIMILAR NON-PROFIT OR PRIVATE SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S 990 TAX RETURN MAY BE OBTAINED BY THE PUBLIC UPON REQUEST TO 3035 FANFARE WAY, ALPHARETTA, GA 30009.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4VARIOUS INFORMATION ABOUT THE ORGANIZATION IS MAINTAINED ON ITS OWN WEBSITE (WWW.FULTONSCIENCEACADEMY.ORG). THE ORGANIZATION'S 990 TAX RETURN, GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS MAY BE OBTAINED BY THE PUBLIC UPON REQUEST TO 3035 FANFARE WAY, ALPHARETTA, GA 30009.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHNAGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013895054
IRS990/TotalAssetsEOYAmt020872888
IRS990/TotalAssetsGrp/BOYAmt013895054
IRS990/TotalAssetsGrp/EOYAmt020872888
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0176833
IRS990/TotalEmployeeCnt081
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01169820
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06974982
IRS990/TotalFunctionalExpensesGrp/TotalAmt08144802
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011388297
IRS990/TotalLiabilitiesEOYAmt017338825
IRS990/TotalLiabilitiesGrp/BOYAmt011388297
IRS990/TotalLiabilitiesGrp/EOYAmt017338825
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02506757
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03534063
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06974982
IRS990/TotalProgramServiceRevenueAmt08995275
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08995275
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09172108
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013895054
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020872888
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02881
IRS990/TravelGrp/ProgramServicesAmt025933
IRS990/TravelGrp/TotalAmt028814
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0831600
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03035 FANFARE WAY
IRS990/USAddress/CityNm0ALPHARETTA
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030009
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FULTONSCIENCEACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AYHAN KORUCU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06783662555
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FULTON SCIENCE ACADEMY PRIVATE SCHOOL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0FULT
ReturnHeader/Filer/EIN0611684239
ReturnHeader/Filer/PhoneNum06783662555
ReturnHeader/Filer/USAddress/AddressLine1Txt03035 FANFARE WAY
ReturnHeader/Filer/USAddress/CityNm0ALPHARETTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030009
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832175462
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARSHALL JONES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03097 E SHADOWLAWN AVE NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030305
ReturnHeader/PreparerPersonGrp/PhoneNum04042312001
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NATHAN LUMMUS
ReturnHeader/ReturnTs02021-02-02T07:12:50-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-06-01
ReturnHeader/TaxPeriodEndDt02020-05-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,872,888
Liabilities
$17,338,825
Net assets
$3,534,063
Revenue
$9,172,108
Expenses
$8,144,802
Net income
$1,027,306
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$37.4$26.8$10.6$18.0$16.3$1.79
2023Detailed filing. Detailed filing data is available for this year.$31.6$22.8$8.81$14.6$13.4$1.24
2022Detailed filing. Detailed filing data is available for this year.$28.6$21.0$7.56$11.9$10.4$1.58
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$20.2$5.98$11.4$8.96$2.45
2020Detailed filing. Detailed filing data is available for this year.$20.9$17.3$3.53$9.17$8.14$1.03
2019Detailed filing. Detailed filing data is available for this year.$13.9$11.4$2.51$7.95$7.30$0.64
2018Detailed filing. Detailed filing data is available for this year.$14.5$12.7$1.87$6.50$6.32$0.18
2017Detailed filing. Detailed filing data is available for this year.$14.2$12.5$1.69$7.52$5.12$2.40
2016Detailed filing. Detailed filing data is available for this year.$1.61$2.32$0.71$4.12$4.16$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.57$1.24$0.66$2.61$2.70$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.91$0.57$1.77$2.12$0.35
2013Summary only. Only limited summary data is available for this year.$0.30$0.54$0.24$1.29$1.53$0.24