Fulton Science Academy Private School Inc
- Assets
- $28.6m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 81
- Location
- Alpharetta, GA
- Founding
- 07/2014
- Data as of
- 05/2022
- EIN
- 61-1684239
Organization Overview
Fulton Science Academy Private School Inc is located in Alpharetta, GA. The organization was established in 2014. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 05/2022, Fulton Science Academy Private School Inc employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fulton Science Academy Private School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Fulton Science Academy Private School Inc generated $11.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $10.4m during the year ending 05/2022. While expenses have increased by 13.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION 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 878 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ayhan Korucu President | OfficerTrustee | 1 | $0 |
Angela Lassetter Secretary | OfficerTrustee | 2 | $0 |
Altan Kalayci Vice President | OfficerTrustee | 1 | $0 |
Murat Polat Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,872 |
| Total Program Service Revenue | $11,788,082 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,941,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,074,336 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $767,732 |
| Payroll taxes | $798,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,473 |
| Advertising and promotion | $112,813 |
| Office expenses | $246,585 |
| Information technology | $574,605 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,520 |
| Interest | $330,441 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342,647 |
| Insurance | $65,058 |
| All other expenses | $504,348 |
| Total functional expenses | $10,358,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,869,668 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $62,024 |
| Net Land, buildings, and equipment | $20,584,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,584,420 |
| Accounts payable and accrued expenses | $163,971 |
| Grants payable | $0 |
| Deferred revenue | $6,004,145 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,852,789 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,020,905 |
| Net assets without donor restrictions | $7,563,515 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,584,420 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Fulton Science Academy Private School Inc has recieved totaling $11,068.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,189 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $324 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 12/03/21 | $305 |
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |
Wesleyan School Inc Peachtree Corners, GA | $136,567,654 | $38,199,935 |
Paideia School Incorporated Atlanta, GA | $78,987,802 | $31,795,237 |
Benjamin Private School Inc North Palm Beach, FL | $92,959,329 | $35,673,109 |