2024-04-15T13:22:45-05:00 2023-05-31 420714325 RSM US LLP 8182 MARYLAND AVE SUITE 900 SAINT LOUIS MO 631053915 990 2022-06-01 431666028 THE FULTON SCHOOL FULT 3144696622 1100 WHITE ROAD CHESTERFIELD MO 63017 KARA DOUGLASS HEAD OF SCHOOL 3144696622 2024-04-11 1 KARA DOUGLASS XXX-XX-XXXX 0 LOUIS WILSON P01291009 3142414100 2024-04-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KARA DOUGLASS 1100 WHITE ROAD CHESTERFIELD MO 63017 6214524 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. X 10 10 64 35 0 0 235592 113285 1955557 3454988 99 -681920 10537 39209 2201785 2925562 647740 822364 0 0 1239987 2069386 0 0 0 707533 1146937 2595260 4038687 -393475 -1113125 3602984 995397 2267247 772785 1335737 222612 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 3559799 822364 3467209 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 APPROXIMATELY 160 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. THIS RESULTED IN INCREASED ENROLLMENT FOR THE 22/23 SCHOOL YEAR, AS WELL AS AN INCREASED NUMBER OF STAFF. THE MERGER OF THE TWO SCHOOLS WAS COMPLETED ON DECEMBER 21, 2023. CURRENTLY THE SCHOOL PROVIDES A COMPREHENSIVE COLLEGE PREPARATORY EDUCATION SUPPLEMENTED WITH TRAVEL OPPORTUNITIES, ENTREPRENEURSHIP, AND A SMALL FARM PROGRAM. 3559799 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 10 0 1 64 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 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 DIRECTOR 1.00 X 0 0 0 PAMELA CAVNESS PRESIDENT 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 TREASURER 1.00 X 0 0 0 GREG LAWS DIRECTOR 1.00 X 0 0 0 BRAD CONS VICE PRESIDENT 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 KARA DOUGLASS HEAD OF SCHOOL 40.00 X 100318 0 20791 100318 0 20791 1 0 0 0 0 113285 113285 STUDENT TUITION 611600 3381898 3381898 LUNCH PROGRAM INCOME 611600 44486 44486 BEFORE HOURS/AFTERNOON 611600 28604 28604 3454988 2138 2138 2600137 3284195 -684058 -684058 -684058 31755 4767 26988 26988 MISCELLANEOUS INCOME 611710 12221 12221 12221 2925562 3467209 0 -654932 822364 822364 121109 121109 1697177 1434344 262833 35806 29937 5869 84866 71057 13809 130428 110864 19564 10732 9122 1610 18415 15653 2762 6266 5326 940 30716 30716 3216 2734 482 40359 34305 6054 26254 22316 3938 AMORTIZATON AND WRITE O 390022 331519 58503 JANITORIAL SERVICES 90880 77248 13632 REPAIRS AND MAINTENANCE 79297 67402 11895 UTILITIES 78613 66821 11792 372167 337678 34489 4038687 3559799 478888 0 61230 62938 319286 772823 25085 0 7900 2199 2352 1995 261923 106481 3176745 155442 10386 0 3602984 995397 245270 404576 154020 363209 1862957 0 5000 5000 2267247 772785 X 1325737 222612 10000 0 1335737 222612 3602984 995397 -1113125 0 X X 1 X 0 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 85367 3859 81508 176556 102622 73934 155442 X 2802160 14767 14767 2787393 138169 138169 2925562 3221090 4767 4767 3216323 822364 822364 4038687 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 4,767. NET ASSETS RELEASED FROM RESTRICTIONS 10,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE AWARDS 822,364. LOSS ON SALE OF LAND AND BUILDING -684,195. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 4,767. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE AWARDS 822,364. PART XII, LINE 4B FINANCIAL ASSISTANCE AWARDS AND TUITION DISCOUNTS IN THE AMOUNT OF $822,364 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 TRIVIA NIGHT 31310 31310 1695 2995 1 445 445 77 31755 31755 1695 3072 4767 26988 1 TUITION REMISSION AND FINANCIAL AID 52 822364 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. 35900 LEGACY SCHOLARSHIP 123 SCHOOL HOUSE ROAD SAINT ALBANS, MO 63073 2022-07-15 2406748 FAIR MARKET VALUE SAINT ALBANS SCHOOL LLC 3451 SAINT ALBANS RD SAINT ALBANS MO 630731237 LIMITED LIABILITY COMPANY EQUIPMENT, FURNITURE & FIXTURES 2022-07-15 33252 FAIR MARKET VALUE SAINT ALBANS SCHOOL LLC 3451 SAINT ALBANS RD SAINT ALBANS MO 630731237 LIMITED LIABILITY COMPANY 0 0 0 0 PART II ADDITIONAL EXPLANATION ON JULY 15, 2022, FULTON SCHOOL SOLD THEIR BUILDING AND RELATED PROPERTY LOCATED IN SAINT ALBANS, TO SAINT ALBANS SCHOOL LLC AN UNRELATED ENTITY. PRIOR TO THIS, IN APRIL 2022, FULTON SCHOOL SIGNED AN INTENT TO MERGE ASSETS, LIABILITIES AND OPERATIONS WITH CHESTERFIELD DAY SCHOOL (FEIN# 43-0955679), A MISSOURI NONPROFIT CORPORATION. DURING THE FALL OF 2022, OPERATIONS MOVED TO THE SITE OF THE CHESTERFIELD DAY SCHOOL, 1100 WHITE ROAD CHESTERFIELD MO 63017. THE MERGER WAS COMPLETED ON DECEMBER 21, 2023. THE FULTON SCHOOL IS THE SURVIVING ENTITY. FORM 990, PART VI, SECTION A, LINE 4 .ON AUGUST DECEMBER 21, 2023, THE SCHOOL FILED ARTICLES OF MERGER WITH THE STATE OF MISSOURI TO MERGE ASSETS WITH CHESTERFIELD DAY SCHOOL (FEIN# 43-0955679). THE FULTON SCHOOL IS THE SURVIVING CORPORATION. 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.