Fulton Science Academy Private School I

Nonprofit profile at a glance

EIN
611684239
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Alpharetta, GA, USA
Phone
6783662555
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Elementary, Secondary Education, K - 12

Official website

Reported finances

Revenue
$21,684,194
Expenses
$17,849,354
Assets
$47,581,853
Liabilities
$33,150,994

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • CENK KANDEMIR (BOARD PRESIDENT)
  • MEHMET EMIN AKTAS (VICE PRESIDENT)
  • KENAN SENER (EXECUTIVE DIRECTOR OF STRATEGIC GROWTH AND GLOBAL)

Highest reported compensation

  • DAVID AIDEN (HEAD OF SCHOOL): $205,943 total reported compensation
  • KENAN SENER (EXECUTIVE DIRECTOR OF STRATEGIC GROWTH AND GLOBAL): $184,743 total reported compensation
  • NEVRUZ TURAN (ASSISTANT HEAD OF SCHOOL AND HEAD OF MIDDLE SCHOOL): $142,110 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

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.

What it reported doing in 2024

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 940 students, programs utilize a learning environment that nurtures independent, confident, and critical thinkers. Fulton science academy also has a very strong extracurricular program with various after school clubs, athletic program, award winning academic teams, and field trips.

Operating model

Revenue model
Other-operating. 96% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 77
  • Accountability: 95
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.2%; rating input score 72
  • Program expense ratio: 86.9%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 17.7%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 2.67; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 5%; rating input score 50; 50th percentile among comparable filings

Growth

  • Program expense growth: 16.1% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 16.8% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 20.8% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 72.2% of revenue deployed · 86.9% of spending went to programs
  • Governance: 4 of 4 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $15.5M in reported program spending
  • Leadership: top reported pay $206K · 11 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • Review — Sustainability: Officer compensation ratio scored 50/100.