Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
EIN 20-0524037 • 501(c)3 • Toledo, OH
Profile
Horizon Science Academy Toledo is a public charter school that serving grades K through 12 for children in Toledo, OH. The school is a college prep school focusing on math, science and technology education.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Liabilities / Revenue
87th percentile
Higher debt load relative to revenue than 87% of similar nonprofits.
Net Margin
28th percentile
Higher net margin than 28% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
23rd percentile
Faster asset growth than 23% of similar nonprofits.
Revenue Growth
13th percentile
Faster revenue growth than 13% of similar nonprofits.
Assets
Down$16,690,350
Down $430,334 (-2.5%) from 2023
Liabilities
Down$16,049,322
Down $191,443 (-1.2%) from 2023
Net Assets
Down$641,028
Down $238,891 (-27%) from 2023
Revenue
Down$8,933,789
Down $2,035,128 (-19%) from 2023
Expenses
Up$9,172,680
Up $650,714 (+7.6%) from 2023
Net Income
Down-$238,891
Down $2,685,842 (-110%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Horizon Science Academy Toledo is a public charter school that serving grades K through 12 for children in Toledo, OH. The school is a college prep school focusing on math, science and technology education.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $9,749,216 | $9,360,336 | ▼ $388,880 |
| Cash and Non-Interest-Bearing Accounts | $3,492,202 | $4,795,423 | ▲ $1,303,221 |
| Prepaid Expenses and Deferred Charges | $1,954,913 | $1,961,665 | ▲ $6,752 |
| Pledges and Grants Receivable | $1,390,979 | $135,368 | ▼ $1,255,611 |
| Accounts Receivable | - | $54 | - |
| Total Assets | $17,120,684 | $16,690,350 | ▼ $430,334 |
| Other Assets Total | $533,374 | $437,504 | ▼ $95,870 |
| Liabilities | |||
| Other Liabilities | $14,363,821 | $14,475,746 | ▲ $111,925 |
| Deferred Revenue | $1,353,434 | $1,004,077 | ▼ $349,357 |
| Accounts Payable and Accrued Expenses | $523,510 | $569,499 | ▲ $45,989 |
| Total Liabilities | $16,240,765 | $16,049,322 | ▼ $191,443 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | - | $437,504 | - |
| Net Assets Without Donor Restrictions | $879,919 | $203,524 | ▼ $676,395 |
| Total Net Assets Fund Balance | $879,919 | $641,028 | ▼ $238,891 |
| Total Liabilities and Net Assets / Fund Balance | $17,120,684 | $16,690,350 | ▼ $430,334 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $7,992,441 | $1,410,429 | $9,402,870 |
| Leasehold Improvements | $803,799 | $300,679 | $1,104,478 |
| Equipment | $413,704 | $266,411 | $680,115 |
| Land | $150,392 | - | $150,392 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Erin Schreiner | School Principal | FT | $100,199 | $100,199 |
| Name | Title |
|---|---|
| Bill Brown | Board President |
| Jacqueline Blueitt | Board Member |
| Melissa Beland | Board Member |
| Michelle Thomas | Board Member |
| Raymond Collins | Board Member |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $5,010,810 |
| Other Expenses | $4,161,870 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $3,747,965 | - | - | $3,747,965 |
| Fees for Services Management | $1,415,915 | - | - | $1,415,915 |
| Depreciation Depletion | $743,610 | - | - | $743,610 |
| Pension Plan Contributions | $559,692 | - | - | $559,692 |
| Interest | $420,864 | - | - | $420,864 |
| Travel | $380,464 | - | - | $380,464 |
| Other Employee Benefits | $308,569 | - | - | $308,569 |
| Other Expenses | $300,755 | - | - | $300,755 |
| Payroll Taxes | $294,385 | - | - | $294,385 |
| Occupancy | $268,508 | - | - | $268,508 |
| All Other Expenses | $204,136 | - | - | $204,136 |
| Current Officers, Directors, Trustees, and Key Employees | $100,199 | - | - | $100,199 |
| Advertising | $60,887 | - | - | $60,887 |
| Fees for Services Other | $45,063 | - | - | $45,063 |
| Conferences and Meetings | $33,318 | - | - | $33,318 |
| Total Functional Expenses | $9,172,680 | $0 | $0 | $9,172,680 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $9,172,680 |
| Total Expenses per Audited Statements | $9,172,680 |
| Total Expenses per Form 990 | $9,172,680 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Net OPEB Liability | $8,445,023 |
| Federal income taxes | $5,650,115 |
| Net Pension Liability | $236,099 |
| Capital Lease | $110,025 |
| Intergovernmental Payable | $34,484 |
| Accrued Interest Payable | - |
“The School is in contract with Concept Schools Inc., an Illinois based not-for-profit organization to provide instructional, administrative and financial management. The Schools Superintendent and Treasurer are appointed and compensatedby Concept Schools. Concept Schools also provide a wide range of services suchasbudgeting and financial oversight, School Management Database, quarterly OAT/OGT Practice tests, curriculum alignment, professional development and evaluation services for teachers, etc. In return of those services, the School transfers 10 of its total revenue to the management company. Financial Reports are presented to the School Board for approval in Board Meetings. All employment and major business decisions are also subject to the School Boards approval.”
“Form 990 is prepared by the School Treasurer and a copy is provided to the Board Members for review in the Board Meeting.”
“The Conflict of Interest Policy is part of the Schools By-Laws. The School Board consistently reviews and discusses any issues that might be in conflict with the policy in the Board Meetings. All operations of the School is also monitored by the Schools Sponsor and annually audited by the Auditors of State..”
“All employment decisions and compensations are discussed and approved in the Board Meetings.”
“Annual Audit Report is published on the Auditors of States web site at http//www.ohioauditor.gov. All governing documents and the schools Conflict of Interest Policy is available to the public upon request.”
“This includes the amount of Net Pension Liability calculated according to GASB Statement No. 68 and 75”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/CYTotalExpensesAmt | 0 | 9172680 |
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| IRS990/ElectionOfBoardMembersInd | 0 | false |
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| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 9172680 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditPerformedInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | true |
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| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
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| IRS990/ForeignFinancialAccountInd | 0 | false |
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| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 040.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 001.00 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 001.00 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Board Member |
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| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 680115 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 9172680 |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | false |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 150392 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 150392 |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 5650115 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 236099 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 8445023 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 110025 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 34484 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Federal income taxes |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Net Pension Liability |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | Net OPEB Liability |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | Capital Lease |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | Intergovernmental Payable |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 5 | Accrued Interest Payable |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | Financial derivatives and other financial products |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | Closely-held equity interests |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 8933789 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 9360336 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 9172680 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 14475746 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 8933789 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 8933789 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 9172680 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | true |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | false |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | The School receives federal and state grants. Total grants received was 4,400,768. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | 6a |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The School is in contract with Concept Schools Inc., an Illinois based not-for-profit organization to provide instructional, administrative and financial management. The Schools Superintendent and Treasurer are appointed and compensatedby Concept Schools. Concept Schools also provide a wide range of services suchasbudgeting and financial oversight, School Management Database, quarterly OAT/OGT Practice tests, curriculum alignment, professional development and evaluation services for teachers, etc. In return of those services, the School transfers 10 of its total revenue to the management company. Financial Reports are presented to the School Board for approval in Board Meetings. All employment and major business decisions are also subject to the School Boards approval. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Form 990 is prepared by the School Treasurer and a copy is provided to the Board Members for review in the Board Meeting. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The Conflict of Interest Policy is part of the Schools By-Laws. The School Board consistently reviews and discusses any issues that might be in conflict with the policy in the Board Meetings. All operations of the School is also monitored by the Schools Sponsor and annually audited by the Auditors of State.. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | All employment decisions and compensations are discussed and approved in the Board Meetings. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Annual Audit Report is published on the Auditors of States web site at http//www.ohioauditor.gov. All governing documents and the schools Conflict of Interest Policy is available to the public upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | This includes the amount of Net Pension Liability calculated according to GASB Statement No. 68 and 75 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, Line 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, Line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part X, Line 25 |
| IRS990/SchoolOperatingInd | 0 | true |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 17120684 |
| IRS990/TotalAssetsEOYAmt | 0 | 16690350 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 17120684 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 16690350 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 8887565 |
| IRS990/TotalEmployeeCnt | 0 | 83 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 9172680 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 9172680 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 16240765 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 16049322 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 16240765 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 16049322 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 879919 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 641028 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 9172680 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 46224 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 100199 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 46224 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 8933789 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 17120684 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 16690350 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 380464 |
| IRS990/TravelGrp/TotalAmt | 0 | 380464 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/USAddress/AddressLine1Txt | 0 | 2600 W Sylvania Ave |
| IRS990/USAddress/CityNm | 0 | Toledo |
| IRS990/USAddress/StateAbbreviationCd | 0 | OH |
| IRS990/USAddress/ZIPCd | 0 | 43613 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | www.horizontoledo.org |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Ramazan Celep |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4194743350 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Horizon Science Academy Toledo |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | HORI |
| ReturnHeader/Filer/EIN | 0 | 200524037 |
| ReturnHeader/Filer/PhoneNum | 0 | 4194743350 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2600 W Sylvania Ave |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Toledo |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | OH |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 43613 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 450821791 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GUEYE AND ASSOCIATES CPA INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2246 S HAMILTON RD SUITE 102 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | COLUMBUS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | OH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 43232 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6143420297 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ALIOUNE GUEYE |
| ReturnHeader/ReturnTs | 0 | 2025-05-11T03:06:24-00:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
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