Horizon Science Academy-Cincinnati
- Assets
- $2.9m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 35
- Location
- Cincinnati, OH
- Founding
- 09/2005
- Data as of
- 06/2022
- EIN
- 20-1850035
Organization Overview
Horizon Science Academy-Cincinnati is located in Cincinnati, OH. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Horizon Science Academy-Cincinnati employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizon Science Academy-Cincinnati is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Horizon Science Academy-Cincinnati generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HORIZON SCIENCE ACADEMY-CINCINNATI IS TO FOSTER AND ENVIRONMENT OF INQUIRY AND A LOVE OF LEARNING SO STUDENTS ARE PREPARED TO THRIVE IN A STEM-FOCUSED HIGH SCHOOL, COLLEGE AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES TO STUDENTS IN K THROUGH 8 GRADES.
INSTRUCTIONAL SERVICES TO STUDENTS IN K THROUGH 8 GRADES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Akkurek School Princ | OfficerTrustee | 40 | $65,000 |
Ziya Kara Board Member | Trustee | $0 | |
Yalcin Karatas Board Member | Trustee | $0 | |
Dr Savas Kaya President | OfficerTrustee | $0 | |
Aysegul King Board Member | Trustee | $0 | |
Dr Ertugrul Ozbudak Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,609,638 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,257 |
| Noncash contributions included in lines 1a–1f | $136,544 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,859,895 |
| Total Program Service Revenue | $7,542 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,867,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,087,614 |
| Pension plan accruals and contributions | -$246,216 |
| Other employee benefits | $42,476 |
| Payroll taxes | $15,823 |
| Fees for services: Management | $273,088 |
| Fees for services: Legal | $22,238 |
| Fees for services: Accounting | $7,713 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,173 |
| Office expenses | $10,106 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $280,927 |
| Travel | $18,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,454 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $418,146 |
| Insurance | $12,832 |
| All other expenses | $12,302 |
| Total functional expenses | $2,496,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $858,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $65,126 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $782,433 |
| Net Land, buildings, and equipment | $1,225,510 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,931,209 |
| Accounts payable and accrued expenses | $353,868 |
| Grants payable | $16,320 |
| Deferred revenue | $1,572,484 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,255,539 |
| Total liabilities | $4,198,211 |
| Net assets without donor restrictions | -$1,267,002 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,931,209 |