2023-04-18T12:04:25-05:00 2022-05-31 420714325 RSM US LLP 8182 MARYLAND AVE SUITE 900 SAINT LOUIS MO 631053915 990 2021-06-01 431666028 THE FULTON SCHOOL FULT 3144696622 1100 WHITE ROAD CHESTERFIELD MO 63017 KARA DOUGLASS HEAD OF SCHOOL 3144696622 2023-04-15 1 KARA DOUGLASS XXX-XX-XXXX LOUIS WILSON P01291009 3142414100 2023-04-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X X KARA DOUGLASS 1100 WHITE ROAD CHESTERFIELD MO 63017 2215035 0 X WWW.FULTON-SCHOOL.ORG X 1993 MO TO PROVIDE AN ACADEMICALLY CHALLENGING AND SUPPORTIVE ENVIRONMENT WHERE STUDENTS GAIN THE KNOWLEDGE AND SKILLS NEEDED TO BECOME GLOBALLY MINDED CITIZENS WITH A PASSION FOR LIFE AND LEARNING. 7 7 40 35 0 0 336241 235592 2081125 1955557 92 99 23795 10537 2441253 2201785 650750 647740 0 0 1208719 1239987 0 0 0 742453 707533 2601922 2595260 -160669 -393475 4186888 3602984 2283620 2267247 1903268 1335737 TO PROVIDE AN ACADEMICALLY CHALLENGING AND SUPPORTIVE ENVIRONMENT WHERE STUDENTS GAIN THE KNOWLEDGE AND SKILLS NEEDED TO BECOME GLOBALLY MINDED CITIZENS WITH A PASSION FOR LIFE AND LEARNING. 0 0 2229858 647740 1957524 THE FULTON SCHOOL AT ST ALBANS IS AN EDUCATIONAL INSTITUTION DEDICATED TO PROVIDING AN INDIVIDUALIZED, CHALLENGING EDUCATION TO A DIVERSE GROUP OF CHILDREN RANGING IN GRADES FROM TODDLER TO TWELFTH GRADE. THE SCHOOL ENROLLS APPROXIMATELY 120 STUDENTS. 2229858 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X KARA DOUGLASS 3144696622 1100 WHITE ROAD CHESTERFIELD MO 63017 CAROLE KELLY-FRANK VICE PRESIDENT 1.00 X 0 0 0 PAMELA CAVNESS PRESIDENT 1.00 X 0 0 0 LARRY HOFSTETTER DIRECTOR 1.00 X 0 0 0 CHETAN GOYAL TREASURER 1.00 X 0 0 0 ERIKA SCHENK SECRETARY 1.00 X 0 0 0 EMILY LEONARD DIRECTOR 1.00 X 0 0 0 JOHN DENNIS DIRECTOR 1.00 X 0 0 0 KARA DOUGLASS HEAD OF SCHOOL 40.00 X 66127 0 18770 66127 0 18770 0 0 0 0 0 235592 235592 STUDENT TUITION 611600 1954362 1954362 LUNCH PROGRAM INCOME 611600 1170 1170 BEFORE HOURS/AFTERNOON 611600 25 25 1955557 136 136 37 -37 -37 -37 21746 13213 8533 8533 MISCELLANEOUS INCOME 611710 2004 2004 2004 2201785 1957524 0 8669 647740 647740 84897 84897 997955 794303 203652 22923 18135 4788 58251 45906 12345 75961 61528 14433 19090 15463 3627 13816 11191 2625 6182 5007 1175 11739 11739 1039 842 197 219667 177930 41737 41887 33928 7959 AMORTIZATON AND WRITE O 92770 75144 17626 JANITORIAL SERVICES 69436 56243 13193 UTILITIES 62826 50889 11937 REPAIRS AND MAINTENANCE 46863 37959 8904 122218 112753 9465 2595260 2229858 365402 0 43572 61230 525170 319286 199581 25085 7824 7900 1450 2352 7615692 4438947 3396412 3176745 12879 10386 4186888 3602984 236954 245270 212736 154020 1828930 1862957 5000 5000 2283620 2267247 X 1893268 1325737 10000 10000 1903268 1335737 4186888 3602984 X -393475 -174056 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 613481 613481 6788723 4259842 2528881 213488 179105 34383 3176745 X 1511008 13213 13213 1497795 703990 703990 2201785 2762734 815214 815214 1947520 647740 647740 2595260 PART X, LINE 2: THE SCHOOL FOLLOWS U.S. GAAP FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. A LIKELIHOOD OF MORE THAN 50% IS APPLIED TO THE MEANING OF "MORE LIKELY THAN NOT." THE SCHOOL'S MANAGEMENT IS OF THE OPINION THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS TO BE ACCOUNTED FOR IN THE FINANCIAL STATEMENTS UNDER THE RULES. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. THE FEDERAL INFORMATION RETURNS OF THE SCHOOL ARE SUBJECT TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 13,213. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE AWARDS 647,740. CAPITAL CAMPAIGN CONTRIBUTIONS 56,250. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 13,213. IMPAIRMENT LOSS 684,195. BAD DEBTS - CAPITAL CAMPAIGN PLEDGES 117,806. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE AWARDS 647,740. PART XII, LINE 4B FINANCIAL ASSISTANCE AWARDS AND TUITION DISCOUNTS IN THE AMOUNT OF $647,740 ARE NETTED AGAINST TUITION REVENUE FOR FINANCIAL STATEMENT PURPOSES BUT ARE SHOWN AS AN EXPENSE FOR FORM 990 PURPOSES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 AUCTION 16896 16896 11559 4 4850 4850 1600 54 21746 21746 1600 11613 13213 8533 1 TUITION REMISSION AND FINANCIAL AID 38 647740 AMOUNT BY WHICH STANDARD TUITION RATES ARE REDUCED STUDENTS ARE GRANTED TUITION ASSISTANCE BASED UPON AN EVALUATION OF THE FAMILY'S FINANCIAL ABILITY. SCHOOL EMPLOYEES' CHILDREN ARE GRANTED TUITION REMISSION. THE SCHOOL ALSO PROVIDES MERIT SCHOLARSHIPS AND FULTON LEGACY SCHOLARSHIPS FOR CHILDREN WHO QUALIFY. PART I, LINE 2: FINANCIAL ASSISTANCE AND TUITION DISCOUNTS ARE APPLIED DIRECTLY TO STUDENT'S ACCOUNT AND ARE NOT CASH TRANSACTIONS. 58725 LEGACY SCHOLARSHIP FORM 990, PART VI, SECTION A, LINE 4 ON AUGUST 17, 2022, THE SCHOOL FILED ARTICLES OF AMENDMENT FOR A NONPROFIT CORPORATION WITH THE STATE OF MISSOURI TO CHANGE THE NAME OF THE SCHOOL TO "THE FULTON SCHOOL". FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE 990 BEFORE FILING. THE BOARD'S APPROVAL IS EVIDENCED BY THE SIGNING OF THE FORM 990 OR FORM 8879 AUTHORIZING ELECTRONIC FILING OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST IS AN EXTENSIVE POLICY WHICH IS READ AND SIGNED EACH YEAR BY ALL BOARD MEMBERS. EACH MEMBER IS AWARE OF THEIR RESPONSIBILITIES AND REQUIREMENT TO COME FORWARD IF OR WHEN A CONFLICT ARISES DURING THE COURSE OF DOING SCHOOL BUSINESS. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY OF THE HEAD OF SCHOOL IS DETERMINED BY REVIEWING NATIONAL INDEPENDENT SCHOOL, NAIS, SALARY STATISTICS. THE STATISTICS ARE LISTED BY TYPE OF SCHOOL, (I.E. MONTESSORI, DAY SCHOOL, OR BOARDING SCHOOL) REGION, POSITION AND ENROLLMENT NUMBERS. WE ALSO REVIEW LOCAL INDEPENDENT SCHOOL-ISSL (INDEPENDENT SCHOOLS OF ST. LOUIS) SALARY STATISTICS, LISTED BY POSITION AND BY ENROLLMENT. THE SALARY OF THE HEAD OF SCHOOL IS THEN PROPOSED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR APPROVAL. SALARIES FOR ALL OTHER EMPLOYEES ARE REVIEWED AND APPROVED BY THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST AND THROUGH THE CANDID WEBSITE. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGES RECEIVABLE -174,056. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS NOT CHANGED ITS METHOD OF SELECTION OR OVERSIGHT OF THE AUDITOR.