Civic Intelligence

The Fulton School

990 • Fiscal year 2018 • EIN 75-2374790

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

1623 Laurence DriveRockwall, TX 75032

(972) 772-4445

Siviq Scores

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

Liabilities / Assets

96th percentile

1.38x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

2.96x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

4th percentile

-77%

Higher net margin than 4% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

71st percentile

$105,000

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

17th percentile

-7.8%

Faster asset growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

5th percentile

-50%

Faster revenue growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,468,794

Down $123,577 (-7.8%) from 2017

Net Assets

Down

-$553,824

Down $529,530 (-2180%) from 2017

Liabilities

Up

$2,022,618

Up $405,953 (+25%) from 2017

Revenue

Down

$683,635

Down $678,672 (-50%) from 2017

Expenses

Down

$1,213,165

Down $183,277 (-13%) from 2017

Net Income

Down

-$529,530

Down $495,395 (-1451%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,035,137Liabilities 2011: $1,416,326Net Assets 2011: $618,8112011Assets 2012: $1,868,033Liabilities 2012: $1,311,042Net Assets 2012: $556,9912012Assets 2013: $1,772,800Liabilities 2013: $1,192,892Net Assets 2013: $579,9082013Assets 2014: $1,943,546Liabilities 2014: $1,927,391Net Assets 2014: $16,1552014Assets 2015: $2,006,724Liabilities 2015: $1,937,093Net Assets 2015: $69,6312015Assets 2016: $2,400,697Liabilities 2016: $2,390,856Net Assets 2016: $9,8412016Assets 2017: $1,592,371Liabilities 2017: $1,616,665Net Assets 2017: -$24,2942017Assets 2018: $1,468,794Liabilities 2018: $2,022,618Net Assets 2018: -$553,8242018Assets 2019: $1,363,846Liabilities 2019: $2,055,107Net Assets 2019: -$691,2612019Assets 2020: $1,362,669Liabilities 2020: $2,114,014Net Assets 2020: -$751,3452020Assets 2021: $1,616,118Liabilities 2021: $1,399,486Net Assets 2021: $216,6322021Assets 2022: $2,304,699Liabilities 2022: $1,951,420Net Assets 2022: $353,2792022Assets 2023: $2,978,563Liabilities 2023: $1,090,472Net Assets 2023: $1,888,0912023Assets 2024: $2,291,430Liabilities 2024: $567,710Net Assets 2024: $1,723,7202024

Highlighted filing

2018

Assets$1,468,794
Liabilities$2,022,618
Net Assets-$553,824

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,626,854Expenses 2011: $1,755,954Net Income 2011: -$129,1002011Revenue 2012: $1,910,020Expenses 2012: $1,971,840Net Income 2012: -$61,8202012Expenses 2013: $1,947,0482013Revenue 2014: $1,801,661Expenses 2014: $1,821,739Net Income 2014: -$20,0782014Revenue 2015: $1,761,789Expenses 2015: $1,708,313Net Income 2015: $53,4762015Revenue 2016: $1,299,841Expenses 2016: $1,359,631Net Income 2016: -$59,7902016Revenue 2017: $1,362,307Expenses 2017: $1,396,442Net Income 2017: -$34,1352017Revenue 2018: $683,635Expenses 2018: $1,213,165Net Income 2018: -$529,5302018Revenue 2019: $368,732Expenses 2019: $506,169Net Income 2019: -$137,4372019Revenue 2020: $266,248Expenses 2020: $326,332Net Income 2020: -$60,0842020Revenue 2021: $1,028,917Expenses 2021: $812,286Net Income 2021: $216,6312021Revenue 2022: $1,462,558Expenses 2022: $1,325,911Net Income 2022: $136,6472022Revenue 2023: $2,563,811Expenses 2023: $1,788,444Net Income 2023: $775,3672023Revenue 2024: $2,879,847Expenses 2024: $2,638,283Net Income 2024: $241,5642024

Highlighted filing

2018

Revenue$683,635
Expenses$1,213,165
Net Income-$529,530
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.2
Gross Receipts
$713,821
Mission and Program Overview

Mission

The fulton school is a college preparatory school for pre-kindergarten through 12th grade. The fulton schools mission is to provide a well-balanced educational foundation for success in college and in life for its students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,258,349$1,218,083▼ $40,266
Cash and Non-Interest-Bearing Accounts$80,578$117,566▲ $36,988
Accounts Receivable$210,228$89,929▼ $120,299
Prepaid Expenses and Deferred Charges$26,791$26,791→ $0
Intangible Assets$16,425$16,425→ $0
Total Assets$1,592,371$1,468,794▼ $123,577
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,350,799$1,643,680▲ $292,881
Accounts Payable and Accrued Expenses$40,666$189,604▲ $148,938
Deferred Revenue$225,200$189,334▼ $35,866
Total Liabilities$1,616,665$2,022,618▲ $405,953
Net Assets / Fund Balance
Unrestricted Net Assets$-24,294$-553,824▼ $529,530
Total Net Assets Fund Balance$-24,294$-553,824▼ $529,530
Total Liabilities and Net Assets / Fund Balance$1,592,371$1,468,794▼ $123,577

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$728,671$669,184$1,397,855
Other Land Buildings$180,994$108,927$289,921
Land$270,800-$270,800
Equipment$37,618$94,775$132,393
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Letha HopkinsHead of SchoolFT$105,000$105,000
Johnathan BryantHead of SchoolFT$53,333$53,333
Eugene LordCFO-$12,500$12,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$132,366
Program Service Revenue
$496,005
Investment Income
$0
Other Revenue
$55,264
All Other Contributions
$132,366
Change in Net Assets
$-529,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$823,152
Other Expenses$390,013
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$536,304$34,132-$570,436
Current Officers, Directors, Trustees, and Key Employees-$170,833-$170,833
Occupancy$66,451$7,383-$73,834
Payroll Taxes$43,756$18,447-$62,203
Depreciation Depletion$52,182$5,798-$57,980
Other Expenses$50,593$5,621-$56,214
Interest$48,901$5,433-$54,334
Insurance$32,704$3,634-$36,338
Information Technology$25,949$2,883-$28,832
Other Employee Benefits$13,120$6,560-$19,680
Office Expenses$13,071$1,452-$14,523
Fees for Services Legal-$12,271-$12,271
Advertising$8,963--$8,963
Total Functional Expenses$934,046$279,119$0$1,213,165
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$63,986
Fundraising Direct Expenses$30,186
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Dinner$63,986$63,986$30,186$33,800
Total Events$63,986$63,986$30,186$33,800
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
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The form 990 is reviewed and discussed in board of director meetings.

CEO executive director top management comp Part VI line 15A

Form 990 is reviewed and discussed in board of director meetings.

Governing documents etc available to public Part VI line 19

Disclosure of governing documents, policies and financial statements are available upon request when applicable.

Filing and Contact Details

Filer

Filer Name
The Fulton School
EIN
75-2374790
Address
1623 LAURENCE DRIVE, ROCKWALL, TX 75032

Signing Officer

Name
Johnathan Bryant
Title
Head of School
Phone
9727724445
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Letha Hopkins
Formed
1981
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
0
Employees
18

Preparer

Firm
ALSS Bookkeeping & Tax LLC
Address
3330 Willowcreek Drive, Sunnyvale, TX 75182
Preparer
Christi W Jones
Phone
9727713560
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IRS990/NetAssetsOrFundBalancesEOYAmt0-553824
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt033800
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt033800
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt07383
IRS990/OccupancyGrp/ProgramServicesAmt066451
IRS990/OccupancyGrp/TotalAmt073834
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01452
IRS990/OfficeExpensesGrp/ProgramServicesAmt013071
IRS990/OfficeExpensesGrp/TotalAmt014523
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06560
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013120
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019680
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE EXPENSES
IRS990/OtherExpensesGrp/Desc1CLASSROOM AND TEACHER EXPENS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04672
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15621
IRS990/OtherExpensesGrp/ProgramServicesAmt042052
IRS990/OtherExpensesGrp/ProgramServicesAmt150593
IRS990/OtherExpensesGrp/TotalAmt046724
IRS990/OtherExpensesGrp/TotalAmt156214
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt021464
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt021464
IRS990/OtherRevenueTotalAmt021464
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018447
IRS990/PayrollTaxesGrp/ProgramServicesAmt043756
IRS990/PayrollTaxesGrp/TotalAmt062203
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026791
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026791
IRS990/PrincipalOfficerNm0LETHA HOPKINS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1PTO AND BOOSTER CLUB
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0485820
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110185
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0485820
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110185
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt066074
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0384942
IRS990/PYOtherRevenueAmt062280
IRS990/PYProgramServiceRevenueAmt01233953
IRS990/PYRevenuesLessExpensesAmt0-34135
IRS990/PYSalariesCompEmpBnftPaidAmt01011500
IRS990/PYTotalExpensesAmt01396442
IRS990/PYTotalRevenueAmt01362307
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-529530
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0728671
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0669184
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01397855
IRS990ScheduleD/EquipmentGrp/BookValueAmt037618
IRS990ScheduleD/EquipmentGrp/DepreciationAmt094775
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0132393
IRS990ScheduleD/LandGrp/BookValueAmt0270800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0270800
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0180994
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0108927
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0289921
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01218083
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt030186
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt063986
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt063986
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt063986
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt063986
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt033800
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt030186
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt030186
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED AND DISCUSSED IN BOARD OF DIRECTOR MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED AND DISCUSSED IN BOARD OF DIRECTOR MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DISCLOSURE OF GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST WHEN APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01592371
IRS990/TotalAssetsEOYAmt01468794
IRS990/TotalAssetsGrp/BOYAmt01592371
IRS990/TotalAssetsGrp/EOYAmt01468794
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0132366
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0279119
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0934046
IRS990/TotalFunctionalExpensesGrp/TotalAmt01213165
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01616665
IRS990/TotalLiabilitiesEOYAmt02022618
IRS990/TotalLiabilitiesGrp/BOYAmt01616665
IRS990/TotalLiabilitiesGrp/EOYAmt02022618
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-24294
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-553824
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0934046
IRS990/TotalProgramServiceRevenueAmt0496005
IRS990/TotalReportableCompFromOrgAmt0170833
IRS990/TotalRevenueGrp/ExclusionAmt033800
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0517469
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0683635
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01592371
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01468794
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.29$0.57$1.72$2.88$2.64$0.24
2023Detailed filing. Detailed filing data is available for this year.$2.98$1.09$1.89$2.56$1.79$0.78
2022Detailed filing. Detailed filing data is available for this year.$2.30$1.95$0.35$1.46$1.33$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.62$1.40$0.22$1.03$0.81$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.36$2.11$0.75$0.27$0.33$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.36$2.06$0.69$0.37$0.51$0.14
2018Detailed filing. Detailed filing data is available for this year.$1.47$2.02$0.55$0.68$1.21$0.53
2017Detailed filing. Detailed filing data is available for this year.$1.59$1.62$0.02$1.36$1.40$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.40$2.39$0.01$1.30$1.36$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.01$1.94$0.07$1.76$1.71$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.94$1.93$0.02$1.80$1.82$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$1.19$0.58$1.95
2012Summary only. Only limited summary data is available for this year.$1.87$1.31$0.56$1.91$1.97$0.06
2011Summary only. Only limited summary data is available for this year.$2.04$1.42$0.62$1.63$1.76$0.13