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Fulton Science Academy Private School Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (NTEE)

Donations to this organization are tax deductible.

Details

According to its May 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$14.6M (2023)

Expenses
$13.4M (2023)

Total Assets
$31.6M (2023)

Total Liabilities
$22.8M (2023)

Source: Form 990 tax filings from 2013 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending May
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,606,111
Expenses
$13,361,994
Net Income
$1,244,117
Net Assets
$8,807,632
Notable Sources of Revenue Percent of Total Revenue
Contributions $363,046
2.5%
Program Services $13,680,865
93.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $562,200
3.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,900,915
51.6%
Assets/Debt
Total Assets $31,644,674
Total Liabilities $22,837,042
Net Assets $8,807,632
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Necip Bozkir (Board Member) $0 $0 $0
Altan Kalayci (Vice President) $0 $0 $0
Angela Lassetter (Secretary) $0 $0 $0
Murat Polat (Board President) $0 $0 $0
Adam Bagci (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending May
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,941,954
Expenses
$10,358,124
Net Income
$1,583,830
Net Assets
$7,563,515
Notable Sources of Revenue Percent of Total Revenue
Contributions $153,872
1.3%
Program Services $11,788,082
98.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,074,336
49.0%
Assets/Debt
Total Assets $28,584,420
Total Liabilities $21,020,905
Net Assets $7,563,515
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ayhan Korucu (President) $0 $0 $0
Altan Kalayci (Vice President) $0 $0 $0
Angela Lassetter (Secretary) $0 $0 $0
Murat Polat (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending May
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,404,640
Expenses
$8,959,018
Net Income
$2,445,622
Net Assets
$5,979,685
Notable Sources of Revenue Percent of Total Revenue
Contributions $95,218
0.8%
Program Services $11,309,104
99.2%
Investment Income $318
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,333,624
48.4%
Assets/Debt
Total Assets $26,210,791
Total Liabilities $20,231,106
Net Assets $5,979,685
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ayhan Korucu (President) $0 $0 $0
Altan Kalayci (Vice President) $0 $0 $0
Angela Lassetter (Secretary) $0 $0 $0
Murat Polat (Board Member) $0 $0 $0
Dr Metin Oguzmert (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending May
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,172,108
Expenses
$8,144,802
Net Income
$1,027,306
Net Assets
$3,534,063
Notable Sources of Revenue Percent of Total Revenue
Contributions $176,833
1.9%
Program Services $8,995,275
98.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,839,099
47.1%
Assets/Debt
Total Assets $20,872,888
Total Liabilities $17,338,825
Net Assets $3,534,063
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ayhan Korucu (President) $0 $0 $0
Altan Kalayci (Vice President) $0 $0 $0
Angela Lassetter (Secretary) $0 $0 $0
Murat Polat (Board Member) $0 $0 $0
Dr Metin Oguzmert (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending May
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,945,272
Expenses
$7,304,286
Net Income
$640,986
Net Assets
$2,506,757
Notable Sources of Revenue Percent of Total Revenue
Contributions $121,042
1.5%
Program Services $7,824,230
98.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,139,570
43.0%
Assets/Debt
Total Assets $13,895,054
Total Liabilities $11,388,297
Net Assets $2,506,757
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ayhan Korucu (President) $0 $0 $0
Altan Kalayci (Vice President) $0 $0 $0
Angela Lassetter (Secretary) $0 $0 $0
Dr Vedat Akgun (Board Member) $0 $0 $0
Dr Metin Oguzmert (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending May
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,501,088
Expenses
$6,324,934
Net Income
$176,154
Net Assets
$1,865,771
Notable Sources of Revenue Percent of Total Revenue
Contributions $72,852
1.1%
Program Services $6,428,236
98.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,571,346
40.7%
Assets/Debt
Total Assets $14,516,793
Total Liabilities $12,651,022
Net Assets $1,865,771
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ayhan Korucu (President) $0 $0 $0
Altan Kalayci (Vice President) $0 $0 $0
Angela Lassetter (Secretary) $0 $0 $0
Dr Vedat Akgun (Board Member) $0 $0 $0
Dr Metin Oguzmert (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending May
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,523,021
Expenses
$5,124,657
Net Income
$2,398,364
Net Assets
$1,689,617
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,126,712
28.3%
Program Services $5,396,309
71.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,219,668
43.3%
Assets/Debt
Total Assets $14,236,468
Total Liabilities $12,546,851
Net Assets $1,689,617
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ayhan Korucu (President) $0 $0 $0
Altan Kalayci (Vice President) $0 $0 $0
Angela Lassetter (Secretary) $0 $0 $0
Vedat Atgun (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending May
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,118,543
Expenses
$4,164,561
Net Income
-$46,018
Net Assets
-$708,747
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,091
1.0%
Program Services $4,077,452
99.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,928,543
46.3%
Assets/Debt
Total Assets $1,611,429
Total Liabilities $2,320,176
Net Assets -$708,747
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ayhan Korucu (President) $0 $0 $0
Altan Kalayci (Vice President) $0 $0 $0
Angela Lassetter (Secretary) $0 $0 $0
Mustafa Kececi (Board Member) $0 $0 $0
Vedat Atgun (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending May
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,609,308
Expenses
$2,703,235
Net Income
-$93,927
Net Assets
-$662,729
Notable Sources of Revenue Percent of Total Revenue
Contributions $54,844
2.1%
Program Services $2,554,464
97.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,338,302
49.5%
Assets/Debt
Total Assets $574,121
Total Liabilities $1,236,850
Net Assets -$662,729
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ayhan Korucu (President) $0 $0 $0
Altan Kalayci (Vice President) $0 $0 $0
Angela Lassetter (Secretary) $0 $0 $0
Mustafa Kececi (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending May
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,768,951
Expenses
$2,123,806
Net Income
-$354,855
Net Assets
-$568,802
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,654
3.5%
Program Services $1,707,297
96.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $916,120
43.1%
Assets/Debt
Total Assets $345,603
Total Liabilities $914,405
Net Assets -$568,802
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ayhan Korucu (President) $0 $0 $0
Altan Kalayci (Vice President) $0 $0 $0
Angela Lassetter (Secretary) $0 $0 $0
Mustafa Kececi (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending May
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,291,759
Expenses
$1,527,580
Net Income
-$235,821
Net Assets
-$235,821
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,450
7.8%
Program Services $1,191,304
92.2%
Investment Income $5
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $21,900
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $608,290
39.8%
Assets/Debt
Total Assets $302,741
Total Liabilities $538,562
Net Assets -$235,821

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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