Fulton Science Academy Private School INC FY2020 filing

Tax-deductible

Alpharetta, GA501(c)(3)Since 2012EducationEIN 61-1684239Revenue $9.2M in FY2020

On file with the IRSfultonscienceacademy.org3035 Fanfare Way, 30009-2244 · Alpharetta, GATax-exempt since Jul 2014School — 170(b)(1)(A)(ii)

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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.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.0M a year · 14% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $55K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17.3M
83% of total assets
Concern: liabilities are 83% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.2M
Spent
$8.1M
To programs
86%
Net assets
$3.5M
By yearFY2020–FY2025
Revenue
$9.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$9.2M
FY2021$11.4M
FY2022$11.9M
FY2023$14.6M
FY2024$18.0M
FY2025$21.7M
Expenses
$8.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$8.1M
FY2021$9.0M
FY2022$10.4M
FY2023$13.4M
FY2024$16.3M
FY2025$17.8M
Net assets
$3.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$6.0M
FY2022$7.6M
FY2023$8.8M
FY2024$10.6M
FY2025$14.4M

From the FY2020 Form 990 (year ending May 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $7.0M Management & general 14% · $1.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

David Aiden’s $203K as Head of School is at the 38th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Fulton Science Academy Private School INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides innovative STEAM education to ensure academic success and lifelong student preparedness.

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Provided by the organization

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1 program · $7.0M · in their own filed words · FY2019
01

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 approximately 740 students, programs utilize alearning environment that nurtures independent, confident, and criticalthinkers.

$7.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$55K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$9.2M
Ln 12
Fees for servicesLn 2g$9.0M
Gifts and grantsLn 1h$177K
Money outPt IX
$8.1M
Ln 25
Programscol B$7.0M
Managementcol C$1.2M
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$20.9M
LiabilitiesLn 26$17.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$177K
Fees for servicesLn 2g$9.0M
Total revenueLn 12$9.2M
Assets in detailPt X, end of year
CashLn 1$2.9M
Cash and savings togetherLn 1–2$2.9M
Land, buildings, equipmentLn 10c$17.8M
Total assetsLn 16$20.9M
LiabilitiesLn 26$17.3M
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 581
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$810K$2.9M
Land, buildings, equipmentLn 10c$12.8M$17.8M
Total assetsLn 16$13.9M$20.9M
LiabilitiesLn 26$11.4M$17.3M
Net assetsLn 32$2.5M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3.8M$3.5M$384K
Other employee benefitsLn 9$567K$511K$57K
Payroll taxesLn 10$290K$261K$29K
Other fees for servicesLn 11g$80K$80K
Advertising and promotionLn 12$95K$86K$10K
Office expensesLn 13$134K$134K
Information technologyLn 14$284K$239K$45K
OccupancyLn 16$199K$176K$24K
TravelLn 17$29K$26K$3K
Conferences, conventions and meetingsLn 19$61K$61K
InterestLn 20$497K$447K$50K
Depreciation, depletion and amortizationLn 22$334K$304K$30K
InsuranceLn 23$46K$41K$5K
Other expenses (24a–d)Ln 24$1.3M$992K$301K
All other expensesLn 24e$397K$378K$19K
Total functional expensesLn 25$8.1M$7.0M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $21.7M$17.8M$3.8M$14.4M 990 PDF
FY2024 $18.0M$16.3M$1.8M$10.6M 990 PDF
FY2023 $14.6M$13.4M$1.2M$8.8M 990 PDF
FY2022 $11.9M$10.4M$1.6M$7.6M 990 PDF
FY2021 $11.4M$9.0M$2.4M$6.0M 990 PDF
FY2020 Viewing $9.2M$8.1M$1.0M$3.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $9,172,108 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $121,042$176,833
I-9 Program service revenuePrior year $7,824,230$8,995,275
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,945,272$9,172,108
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,075,974$4,696,085
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,228,312$3,448,717
I-18 Total expensesPrior year $7,304,286$8,144,802
I-19 Revenue less expensesPrior year $640,986$1,027,306
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,172,108 across 4 lines filed
VIII-1f All other contributions, gifts and grants$176,833
VIII-1h Total contributions, gifts and grants$176,833
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,995,275$8,995,275
VIII-12 Total revenueRelated to mission $8,995,275 · Unrelated business $0 · Excluded from tax $0$9,172,108
Part IX · Statement of functional expenses $8,144,802 across 15 lines filed
IX-7 Other salaries and wagesPrograms $3,455,189 · Management $383,910$3,839,099
IX-9 Other employee benefitsPrograms $510,737 · Management $56,749$567,486
IX-10 Payroll taxesPrograms $260,550 · Management $28,950$289,500
IX-11g Other fees for servicesManagement $79,830$79,830
IX-12 Advertising and promotionPrograms $85,740 · Management $9,527$95,267
IX-13 Office expensesManagement $134,015$134,015
IX-14 Information technologyPrograms $238,520 · Management $45,432$283,952
IX-16 OccupancyPrograms $175,547 · Management $23,938$199,485
IX-17 TravelPrograms $25,933 · Management $2,881$28,814
IX-19 Conferences, conventions and meetingsPrograms $61,142$61,142
IX-20 InterestPrograms $447,293 · Management $49,699$496,992
IX-22 Depreciation, depletion and amortizationPrograms $303,584 · Management $30,025$333,609
IX-23 InsurancePrograms $41,127 · Management $5,083$46,210
IX-24 Other expenses (24a–d)Programs $992,032 · Management $300,747$1,292,779
IX-24e All other expensesPrograms $377,588 · Management $19,034$396,622
IX-25 Total functional expensesPrograms $6,974,982 · Management $1,169,820 · Fundraising $0$8,144,802
Part X · Balance sheet $20,872,888 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $810,469$2,945,662
X-4 Accounts receivableStart of year $252,843$102,332
X-10c Land, buildings and equipment, netStart of year $12,831,742$17,824,894
X-16 Total assetsStart of year $13,895,054$20,872,888
X-17 Accounts payable and accrued expensesStart of year $64,227$1,670,961
X-19 Deferred revenueStart of year $3,033,514$3,680,326
X-24 Unsecured notes and loans payable$831,600
X-26 Total liabilitiesStart of year $11,388,297$17,338,825
X-27 Net assets without donor restrictionsStart of year $2,506,757$3,534,063
X-32 Total net assets or fund balancesStart of year $2,506,757$3,534,063
X-33 Total liabilities and net assetsStart of year $13,895,054$20,872,888
Part XI · Reconciliation of net assets $3,534,063 net assets at year end
XI-1 Total revenue$9,172,108
XI-2 Total expenses$8,144,802
XI-3 Revenue less expenses$1,027,306
XI-4 Net assets at start of year$2,506,757
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,534,063

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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