2025-10-17T13:06:43-05:00 2024-05-31 420714325 RSM US LLP 8182 MARYLAND AVE SUITE 900 SAINT LOUIS MO 631053915 990 2023-06-01 431666028 THE FULTON SCHOOL FULT 3144696622 1100 WHITE ROAD CHESTERFIELD MO 63017 KARA DOUGLASS HEAD OF SCHOOL 3144696622 2025-10-09 1 0 LOUIS WILSON P01291009 3142414100 2025-10-09 2023 2025-03-06 01:10:19Z X KARA DOUGLASS 1100 WHITE ROAD CHESTERFIELD MO 63017 9254862 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. 11 11 63 35 0 0 113285 6322460 3454988 2896902 -681920 10334 39209 22959 2925562 9252655 822364 874102 0 0 2069386 1830723 0 0 0 1146937 673433 4038687 3378258 -1113125 5874397 995397 6762713 772785 665704 222612 6097009 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 2942922 874102 2909049 THE FULTON SCHOOL 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 124 STUDENTS. IN THE FALL OF 2022, THE SCHOOL RELOCATED TO 1100 WHITE ROAD, WHERE IT MERGED OPERATIONS WITH CHESTERFIELD DAY SCHOOL (FEIN# 43-0955679), WITH THE FULTON SCHOOL AS THE SURVIVING ORGANIZATION. THE MERGER OF THE TWO SCHOOLS WAS COMPLETED ON DECEMBER 21, 2023. ON THIS DATE, THE BUILDING FORMERLY HELD BY CHESTERFIELD DAY SCHOOL AND VALUED AT $6 MILLION WAS TRANSFERRED TO THE BOOKS FOR FULTON SCHOOL. CURRENTLY THE SCHOOL PROVIDES A COMPREHENSIVE COLLEGE PREPARATORY EDUCATION SUPPLEMENTED WITH TRAVEL OPPORTUNITIES, ENTREPRENEURSHIP, AND A SMALL FARM PROGRAM. 2942922 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 63 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KARA DOUGLASS 3144696622 1100 WHITE ROAD CHESTERFIELD MO 63017 EMILY LEONARD DIRECTOR 1.00 X 0 0 0 JOHN DENNIS DIRECTOR 1.00 X 0 0 0 GREG LAWS DIRECTOR 1.00 X 0 0 0 LARA HARRIS DIRECTOR 1.00 X 0 0 0 PAT HOLMES DIRECTOR 1.00 X 0 0 0 LEANNE LATUDA DIRECTOR 1.00 X 0 0 0 STEPHEN CURET DIRECTOR 1.00 X 0 0 0 KARA DOUGLASS HEAD OF SCHOOL 40.00 X 116266 0 20410 PAMELA CAVNESS PRESIDENT 1.00 X 0 0 0 ERIKA SCHENK SECRETARY 1.00 X 0 0 0 BRAD COONS VICE PRESIDENT 1.00 X 0 0 0 TRAVIS FREEMAN TREASURER 1.00 X 0 0 0 116266 0 20410 1 0 0 0 0 6322460 6322460 STUDENT TUITION 611600 2780384 2780384 LEARNING SUPPORT 611600 58656 58656 LUNCH PROGRAM INCOME 611600 40063 40063 BEFORE HOURS/AFTERNOON 611600 17799 17799 2896902 9732 9732 602 0 602 602 602 13019 2207 10812 10812 MISCELLANEOUS INCOME 611710 12147 12147 12147 9252655 2909049 0 21146 874102 874102 137200 137200 1466015 1196691 269324 30696 24833 5863 83216 67892 15324 113596 94285 19311 4700 3901 799 16150 13404 2746 5930 4922 1008 36489 36489 1458 1210 248 83591 69381 14210 41758 34659 7099 JANITORIAL SERVICES 87371 72518 14853 UTILITIES 84273 69947 14326 REPAIRS AND MAINTENANCE 68017 56454 11563 CLASSROOM ACTIVITIES 45105 45105 198591 176418 22173 3378258 2942922 435336 0 59810 77037 775951 523036 13250 2199 3424 1995 0 6336039 190073 155442 6145966 995397 6762713 404576 350406 363209 315298 5000 0 772785 665704 X 222612 6097009 222612 6097009 995397 6762713 5874397 0 X X 1 X 0 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6004338 64331 5940007 81157 10093 71064 250544 115649 134895 6145966 X 8380759 2206 2206 8378553 874102 874102 9252655 2506362 2206 2206 2504156 874102 874102 3378258 PART X, LINE 2: THE SCHOOL FOLLOWS ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (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 2,206. NET ASSETS RELEASED FROM RESTRICTIONS PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE AWARDS 874,102. LOSS ON SALE OF LAND AND BUILDING PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 2,206. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE AWARDS 874,102. PART XII, LINE 4B FINANCIAL ASSISTANCE AWARDS AND TUITION DISCOUNTS IN THE AMOUNT OF $874,102 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 SCHEDULE E, PART I, LINE 3 PRINT MEDIA INCLUDING ANNUAL CATALOG STATING "SCHOOL IS OPEN TO ALL PERSONS COMMITTED TO AND PREPARED FOR A QUALITY EDUCATION WITHOUT REGARD TO RACE, AGE, SEX, COLOR, NATIONAL ORIGIN, RELIGION, DISABILITY OR SEXUAL ORIENTATION." 1 TUITION REMISSION AND FINANCIAL AID 51 874102 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. 43300 LEGACY SCHOLARSHIP FORM 990, ITEM B THIS AMENDED RETURN IS BEING FILED TO CORRECT CERTAIN AMOUNTS ORIGINALLY REPORTED. THE FOLLOWING SECTIONS WERE REVISED: PART VIII - STATEMENT OF REVENUE: SERVICE INCOME AMOUNTS WERE CORRECTED ON LINE 2. PART IX - STATEMENT OF FUNCTIONAL EXPENSES: EXPENSES AMOUNTS WERE ADJUSTED TO PROPERLY REFLECT DEPRECIATION EXPENSE AND CERTAIN OPERATING EXPENSES. PART X - BALANCE SHEET: ASSET AND NET ASSET BALANCES WERE CORRECTED TO REFLECT THE REVISED DEPRECIATION AND EXPENSE ADJUSTMENTS. DEPRECIATION: DEPRECIATION EXPENSE WAS UPDATED, RESULTING IN ADJUSTMENTS TO BOTH THE STATEMENT OF FUNCTIONAL EXPENSES (PART IX) AND THE BALANCE SHEET (PART X -PROPERTY, PLANTD EQUIPMENT, AND NET ASSETS.) THESE REVISIONS ENSURE THAT THE FORM 990 ACCURATELY PRESENTS THE ORGANIZATION'S FINANCIAL ACTIVITY AND POSITION FOR THE YEAR. NO CHANGES WERE MADE TO THE ORGANIZATION'S MISSION, PROGRAMS, OR GOVERNANCE DISCLOSURES. FORM 990 FORM 990 - ADDITIONAL INFORMATION FOR PART 1X NET ASSETS TRANSFERRED FROM CHESTERFIELD DAY SCHOOL. ON APRIL 28, 2022. THE FULTON SCHOOL (F/K/A THE FULTON SCHOOL AT ST. ALBANS) AGREED TO A PLAN OF MERGER WITH CHESTERFIELD DAY SCHOOL. UNDER THIS PLAN, CHESTERFIELD DAY SCHOOL TRANSFERRED EDUCATIONAL OPERATIONS TO THE FULTON SCHOOL BEGINNING WITH THE 2022-23 SCHOOL YEAR. THE FULTON SCHOOL BEGAN LEASING THE CHESTERFIELD DAY SCHOOL CAMPUS ON JUNE 1, 2022 AND CONTINUED TO DO SO UNTIL DECEMBER 21, 2023 WHEN THE PLAN OF MERGER WAS COMPLETED AND FILED WITH THE STATE OF MISSOURI. ON THIS DATE, CHESTERFIELD DAY SCHOOL TRANSFERRED ALL OF ITS NET ASSETS TO THE FULTON SCHOOL IN ACCORDNACE WITH THE APRIL 28, 2022 PLAN OF MERGER. 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 XII, LINE 2C: THE SCHOOL HAS NOT CHANGED ITS METHOD OF SELECTION OR OVERSIGHT OF THE AUDITOR.