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FOUNDING FOURTEEN: Form 990EZ, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
FOUNDING FOURTEEN (EIN 47-2730451)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-20
IRS object ID
201611419349200211
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-05-20T10:18:36-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN581367012PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HLB GROSS COLLINS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13330 CUMBERLAND BOULEVARD 900AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30339ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472730451EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FOUNDING FOURTEEN INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFOUNBusinessNameControlTxt
Phone6782065067PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18920 EVES ROAD 767850AddressLine1Txt
CityROSWELLCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30076ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSERGEY LIBERMANPersonNm
Person TitleGOVERNING BOARD MEMBERPersonTitleTxt
Phone6782065057PhoneNum
Signature2016-05-20SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWAYNE GILMOREPreparerPersonNm
PTINP00172429PTIN
Phone7704331711PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website AddressWWW.FASTK8.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$26,183GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$26,183ContributionsGiftsGrantsEtcAmt
Total Revenue$26,183TotalRevenueAmt
Other Expenses Total$24,772OtherExpensesTotalAmt
Total Expenses$24,772TotalExpensesAmt
Excess Or Deficit For Year$1,411ExcessOrDeficitForYearAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$1,411NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$5,085EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$5,085EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$3,674EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,411EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeFAST IS A FULTON COUNTY CHARTER SCHOOL OFFERING GRADES K-6 OPENING IN 2016. OUR OBJECTIVE IS TO PROVIDE AN EDUCATION BASED ON DESIGN THINKING AND PROBLEM-SOLVING WITH AN EMPHASIS ON SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) TO CHILDREN IN OUR DIVERSE COMMUNITY.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
THE MISSION OF FULTON ACADEMY OF SCIENCE AND TECHNOLOGY (FAST) IS TO PROVIDE AN EDUCATION BASED ON DESIGN THINKING AND PROBLEM-SOLVING WITH AN EMPHASIS ON SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) TO K-8 CHILDREN IN THE DIVERSE FULTON COUNTY COMMUNITY.$0$0
FAST'S GOAL IS TO PREPARE CHILDREN IN A WAY THAT PROVIDES THEM A FOUNDATION TO BE CREATIVE INNOVATORS AND PROBLEM SOLVERS SO THEY ARE PREPARED FOR SUCCESS AND LEADERSHIP IN OUR RAPIDLY CHANGING WORLD. WITH THE DIVERSE DEMOGRAPHICS OF OUR EXISTING COMMUNITY SERVING AS THE BACKGROUND THEME FOR ACADEMICS, CHILDREN WILL DEVELOP THE FOUNDATIONS FOR LEARNING AND THINKING THAT PREPARES THEM FOR SUCCESS IN POST-SECONDARY EDUCATION AND CAREERS.$0$0
1) FAST WILL INCORPORATE DESIGN THINKING INTO ALL FACETS OF THE SCHOOL FROM EACH CLASS A STUDENT ATTENDS TO TEACHER DEVELOPMENT TO ADMINISTRATIVE EFFECTIVENESS, 2) FAST WILL ADD ONE HOUR EACH DAY TO THE SCHOOL SCHEDULE, FOUR DAYS PER WEEK FOR A CLASS IN INNOVATION FOR ALL GRADES, 3) FAST WILL HAVE A CAPSTONE PROJECT FOR 8TH GRADERS LASTING ONE YEAR THAT WILL GIVE EACH STUDENT THE OPPORTUNITY TO DEMONSTRATE THEIR INNOVATION ABILITY.$0$0

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (4 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
PHIL CHEN
GOVERNING BOARD MEMBER0.00$0$0$0
SERGEY LIBERMAN
GOVERNING BOARD MEMBER0.00$0$0$0
JUNE ERIKSON
GOVERNING BOARD MEMBER0.00$0$0$0
MIKE DUDGEON
GOVERNING BOARD MEMBER0.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line18920 EVES ROAD 767850AddressLine1Txt
CityROSWELLCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30076ZIPCd
FieldValueIRS element (for citing)
Phone6782065067PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School OperatingYes (1)SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year$26,183CurrentTaxYearAmt
Total$26,183TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year$26,183CurrentTaxYearAmt
Total$26,183TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$26,183PublicSupportTotal170Amt
Total Support$26,183TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePUBLIC SUPPORT SHORT YEAR EXPLANATION:FormAndLineReferenceDesc
Explanation2014 IS INITIAL YEARExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs0MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc0MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol0MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3SEE SCHOOL'S WEBSITE AT WWW.FASTK8.ORG FAST WILL BE LOCATED IN THE NORTH FULTON LEARNING COMMUNITY AREA OF ROSWELL/ALPHARETTA, GEORGIA. IT IS EXPECTED THAT 95% OF OUR STUDENTS WILL DRAW FROM THE NORTH FULTON COUNTY COMMUNITY WITH THE MAJORITY HAILING FROM ALPHARETTA AND ROSWELL. ADMISSION IS LOTTERY BASED.
SCHEDULE E, PART I, LINE 4SCHOOL IS NOT OPERATIONAL YET. EXPECTED START DATE IS AUGUST 2016.
SCHEDULE E, PART I, LINE 6GOVERNMENT FUNDING WOULD BE PROVIDED BY THE FULTON COUNTY BOARD OF EDUCATION AND GEORGIA STATE BOARD OF EDUCATION. FAST'S CHARTER PETITION WAS APPROVED BY THE FULTON COUNTY BOARD OF EDUCATION ON AUGUST 20TH, 2015. THE FINAL STEP TO OUR OPENING IN AUGUST 2016 WAS THE APPROVAL OF THE GEORGIA STATE BOARD OF EDUCATION (GA SBOE). FAST HAS BEEN THROUGH THE INTERVIEW PROCESS WITH THE GA SBOE AND CLEARED THE "CLARIFICATION" STAGE.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: TRUCK RENTAL/MOVERS. AMOUNT: 1,088. DESCRIPTION: BASECAMP SOFTWARE. AMOUNT: 180. DESCRIPTION: HOSTING SERVICE. AMOUNT: 294. DESCRIPTION: JOTFORM INC. AMOUNT: 79. DESCRIPTION: ADWORDS SUPPORT. AMOUNT: 533. DESCRIPTION: DEPRECIATION. AMOUNT: 22,598. TOTAL TO FORM 990-EZ, LINE 16: 24,772.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: DUE TO MEMBERS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 3,674.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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