Horizon Science Academy-Springfield
- Assets
- $10.6m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 37
- Location
- Toledo, OH
- Founding
- 05/2008
- Data as of
- 06/2022
- EIN
- 20-2004609
Organization Overview
Horizon Science Academy-Springfield is located in Toledo, OH. The organization was established in 2008. 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-Springfield employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizon Science Academy-Springfield 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-Springfield generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
HORIZON SCIENCE ACADEMY SPRINGFIELD IS A PUBLIC CHARTER SCHOOL THAT SERVING GRADES K THROUGH 8 FOR CHILDREN IN CLEVELAND, OH. THE SCHOOL IS A COLLEGE PREP SCHOOL FOCUSING ON MATH, SCIENCE AND TECHNOLOGY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES TO STUDENTS K THROUGH 8 GRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Schreiner School Principal | Officer | 40 | $97,225 |
Bill Brown Board President | Trustee | 1 | $0 |
Raymond Collins Board Member | Trustee | 1 | $0 |
Charles Schein Board Member | Trustee | 1 | $0 |
Heidi Hatch Board Member | Trustee | 1 | $0 |
Jacqueline Blueitt Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,295,366 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,295,366 |
| Total Program Service Revenue | $44,559 |
| 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 | $6,339,925 |
| 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. | $97,225 |
| Compensation of current officers, directors, key employees. | $97,225 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,732,817 |
| Pension plan accruals and contributions | -$314,052 |
| Other employee benefits | $362,118 |
| Payroll taxes | $139,998 |
| Fees for services: Management | $809,519 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,570 |
| Advertising and promotion | $57,048 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $127,335 |
| Travel | $359,703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,784 |
| Interest | $348,054 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $467,064 |
| Insurance | $0 |
| All other expenses | $138,866 |
| Total functional expenses | $4,738,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,672,602 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $410,630 |
| 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 | $1,163,596 |
| Net Land, buildings, and equipment | $7,112,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $276,499 |
| Total assets | $10,636,309 |
| Accounts payable and accrued expenses | $351,087 |
| Grants payable | $0 |
| Deferred revenue | $2,295,572 |
| 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 | $9,097,097 |
| Total liabilities | $11,743,756 |
| Net assets without donor restrictions | -$1,107,447 |
| 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 | $10,636,309 |
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