Civic Intelligence

Horizon Science Academy-Cincinnati

990 • Fiscal year 2023 • EIN 20-1850035

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization ProfileWWW.HORIZONCINCY.ORG
1055 Laidlaw AveCincinnati, OH 45237

(513) 242-0099

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.26x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

87th percentile

0.97x

Higher debt load relative to revenue than 87% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$77,928

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

57th percentile

7.1%

Faster asset growth than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

81st percentile

43%

Faster revenue growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$3,138,143

Up $206,934 (+7.1%) from 2022

Net Assets

Up

-$823,375

Up $443,627 (+35%) from 2022

Liabilities

Down

$3,961,518

Down $236,693 (-5.6%) from 2022

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin63rd percentile

Revenue

Up

$4,096,058

Up $1,228,621 (+43%) from 2022

Expenses

Up

$3,652,431

Up $1,155,581 (+46%) from 2022

Net Income

Up

$443,627

Up $73,040 (+20%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2011: $385,051Liabilities 2011: $346,028Net Assets 2011: $39,0232011Assets 2012: $285,002Liabilities 2012: $299,454Net Assets 2012: -$14,4522012Assets 2013: $499,908Liabilities 2013: $339,597Net Assets 2013: $160,3112013Assets 2014: $906,799Liabilities 2014: $774,095Net Assets 2014: $132,7042014Assets 2015: $689,814Liabilities 2015: $5,315,843Net Assets 2015: -$4,626,0292015Assets 2016: $812,245Liabilities 2016: $5,420,364Net Assets 2016: -$4,608,1192016Assets 2017: $1,141,548Liabilities 2017: $5,650,379Net Assets 2017: -$4,508,8302017Assets 2018: $1,350,008Liabilities 2018: $4,866,676Net Assets 2018: -$3,516,6682018Assets 2019: $1,164,829Liabilities 2019: $4,063,280Net Assets 2019: -$2,898,4512019Assets 2020: $1,153,721Liabilities 2020: $3,748,778Net Assets 2020: -$2,595,0572020Assets 2021: $1,639,274Liabilities 2021: $3,276,863Net Assets 2021: -$1,637,5892021Assets 2022: $2,931,209Liabilities 2022: $4,198,211Net Assets 2022: -$1,267,0022022Assets 2023: $3,138,143Liabilities 2023: $3,961,518Net Assets 2023: -$823,3752023Assets 2024: $3,367,561Liabilities 2024: $4,812,896Net Assets 2024: -$1,445,3352024

Highlighted filing

2023

Assets$3,138,143
Liabilities$3,961,518
Net Assets-$823,375
Open 2023 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,056,952Expenses 2011: $3,077,521Net Income 2011: -$20,5692011Expenses 2012: $3,388,3482012Revenue 2013: $4,090,142Expenses 2013: $3,915,379Net Income 2013: $174,7632013Revenue 2014: $4,329,866Expenses 2014: $4,357,472Net Income 2014: -$27,6062014Revenue 2015: $4,180,349Expenses 2015: $4,033,119Net Income 2015: $147,2302015Revenue 2016: $3,638,776Expenses 2016: $3,620,866Net Income 2016: $17,9102016Revenue 2017: $3,516,743Expenses 2017: $3,417,455Net Income 2017: $99,2882017Revenue 2018: $3,276,127Expenses 2018: $1,503,740Net Income 2018: $1,772,3872018Revenue 2019: $2,634,134Expenses 2019: $2,015,917Net Income 2019: $618,2172019Revenue 2020: $2,453,713Expenses 2020: $2,150,319Net Income 2020: $303,3942020Revenue 2021: $3,088,726Expenses 2021: $2,131,258Net Income 2021: $957,4682021Revenue 2022: $2,867,437Expenses 2022: $2,496,850Net Income 2022: $370,5872022Revenue 2023: $4,096,058Expenses 2023: $3,652,431Net Income 2023: $443,6272023Revenue 2024: $3,742,395Expenses 2024: $4,364,355Net Income 2024: -$621,9602024

Highlighted filing

2023

Revenue$4,096,058
Expenses$3,652,431
Net Income$443,627
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$4,096,058
Mission and Program Overview

Mission

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.

The mission of horizon science academy-cincinnati is to foster an environment of inquiry and a love of learning so students are prepared to thrive in a stem-focused high school, college and the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$782,433$1,027,085▲ $244,652
Land, Buildings, and Equipment, Net$1,225,510$952,832▼ $272,678
Cash and Non-Interest-Bearing Accounts$858,140$669,843▼ $188,297
Pledges and Grants Receivable$65,126$488,383▲ $423,257
Total Assets$2,931,209$3,138,143▲ $206,934
Liabilities
Other Liabilities$2,255,539$2,745,775▲ $490,236
Deferred Revenue$1,572,484$753,791▼ $818,693
Accounts Payable and Accrued Expenses$353,868$447,059▲ $93,191
Grants Payable$16,320$14,893▼ $1,427
Total Liabilities$4,198,211$3,961,518▼ $236,693
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$11,670-
Net Assets Without Donor Restrictions$-1,267,002$-835,045▲ $431,957
Total Net Assets Fund Balance$-1,267,002$-823,375▲ $443,627
Total Liabilities and Net Assets / Fund Balance$2,931,209$3,138,143▲ $206,934

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$751,045$751,044$1,502,089
Equipment$84,111$98,781$182,892
Leasehold Improvements$117,676$13,143$130,819
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Abdurrahman AkkurekSchool PrincFT$77,928$77,928

Board Members and Trustees

NameTitle
Dr Savas KayaPresident
Aysegul KingBoard Member
Davit DitmarsBoard Member
Yalcin KaratasBoard Member
Ziya KaraBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$4,085,529
Program Service Revenue
$10,529
Investment Income
$0
Other Revenue
$0
All Other Contributions
$413,831
Change in Net Assets
$443,627

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,096,058
Total Revenue per Audited Statements
$4,096,058
Total Revenue per Form 990
$4,096,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,884,177
Salaries, Compensation, and Employee Benefits$1,768,254
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,517,691--$1,517,691
Depreciation Depletion$427,380--$427,380
Fees for Services Management-$368,223-$368,223
Occupancy$257,655--$257,655
Other Employee Benefits$96,567--$96,567
Current Officers, Directors, Trustees, and Key Employees$77,928--$77,928
Payroll Taxes$54,367--$54,367
Interest$47,349--$47,349
Other Expenses$45,555--$45,555
Advertising$41,701--$41,701
Travel$41,369--$41,369
Fees for Services Legal$22,946--$22,946
Pension Plan Contributions$21,701--$21,701
All Other Expenses$17,624--$17,624
Office Expenses$15,080--$15,080
Insurance$14,459--$14,459
Fees for Services Accounting$9,205--$9,205
Information Technology$661--$661
Total Functional Expenses$3,284,208$368,223$0$3,652,431

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,652,431
Total Expenses per Audited Statements$3,652,431
Total Expenses per Form 990$3,652,431
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$1,881,425
Lease Payable$799,677
Net Opeb Liability$64,673
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The school is in contract with concept schools, inc., an illinois based not-for-profit organization to provide instructional, administrative, and finanncial management. The school's superintendent and treasurer are appointed by concept schools, inc. Concept schools, inc. Also provides a wide range of services such as budgeting and financial oversight, school mangement database, curriculum alignment, professional development and evaluation services for teachers, etc. In return for those services, the school transfers 10% of its total revenues to the managment company. Finanical reports are presented to the school board for approval at the bi-monthly meetings. All employment and major business decisions are subject to the school board's approval.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is prepared by a cpa firm. The 990 is reviewed by the treasurer before presenting to the school board. The school board reviews and approves the form 990 at the bi-monthly board meeting.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy is part of the school's by-laws. The school board consistently reviews and discusses any issues that might be in conflict with the policy at the board meetings. All operations of the school is also monitored by the school's sponsor and annually audited by the auditor of state.”

Form 990, Page 6, Part VI, Line 15A

“All employment decisions and compensation are discussed and approved by the school board at its meetings.”

Form 990, Page 6, Part VI, Line 15B

“All employment decisions and compensation are discussed and approved by the school board at its meetings.”

Form 990, Page 6, Part VI, Line 19

“All governing documents are made public to anyone upon request. The school's annual audit report is published on the auditor of state website at http://www.auditor.state.oh.us.”

Filing and Contact Details

Filer

Filer Name
Horizon Science Academy-cincinnati
EIN
20-1850035
Phone
5132420099
Address
1055 LAIDLAW AVE, CINCINNATI, OH 45237

Signing Officer

Name
Ahmet Erdal
Title
Treasurer
Phone
5132420099
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Abdurrahman Akkurek
Formed
2004
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
37

Preparer

Firm
Bhm CPA Group Inc
Address
1 E CAMPUS VIEW BLVD STE 300, COLUMBUS, OH 43235
Preparer
Ryan C Hixenbaugh CPA
Phone
6143895775
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Instructional services to students in k through 8 grades.”

Raw XML Appendix377 raw XML fields

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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE BOARD HAS A WRITTEN NONDISCRIMINATORY POLICY, IT IS PUBLISHED AND DISTRIBUTED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL PARTICIPATES IN THE STATE FOUNDATION PROGRAM, SPECIAL EDUCATION PROGRAM, AND FEDERAL CCIP PROGRAM.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INSTRUCTIONAL SERVICES TO STUDENTS IN K THROUGH 8 GRADES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS IN CONTRACT WITH CONCEPT SCHOOLS, INC., AN ILLINOIS BASED NOT-FOR-PROFIT ORGANIZATION TO PROVIDE INSTRUCTIONAL, ADMINISTRATIVE, AND FINANNCIAL MANAGEMENT. THE SCHOOL'S SUPERINTENDENT AND TREASURER ARE APPOINTED BY CONCEPT SCHOOLS, INC. CONCEPT SCHOOLS, INC. ALSO PROVIDES A WIDE RANGE OF SERVICES SUCH AS BUDGETING AND FINANCIAL OVERSIGHT, SCHOOL MANGEMENT DATABASE, CURRICULUM ALIGNMENT, PROFESSIONAL DEVELOPMENT AND EVALUATION SERVICES FOR TEACHERS, ETC. IN RETURN FOR THOSE SERVICES, THE SCHOOL TRANSFERS 10% OF ITS TOTAL REVENUES TO THE MANAGMENT COMPANY. FINANICAL REPORTS ARE PRESENTED TO THE SCHOOL BOARD FOR APPROVAL AT THE BI-MONTHLY MEETINGS. ALL EMPLOYMENT AND MAJOR BUSINESS DECISIONS ARE SUBJECT TO THE SCHOOL BOARD'S APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY A CPA FIRM. THE 990 IS REVIEWED BY THE TREASURER BEFORE PRESENTING TO THE SCHOOL BOARD. THE SCHOOL BOARD REVIEWS AND APPROVES THE FORM 990 AT THE BI-MONTHLY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS PART OF THE SCHOOL'S BY-LAWS. THE SCHOOL BOARD CONSISTENTLY REVIEWS AND DISCUSSES ANY ISSUES THAT MIGHT BE IN CONFLICT WITH THE POLICY AT THE BOARD MEETINGS. ALL OPERATIONS OF THE SCHOOL IS ALSO MONITORED BY THE SCHOOL'S SPONSOR AND ANNUALLY AUDITED BY THE AUDITOR OF STATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL EMPLOYMENT DECISIONS AND COMPENSATION ARE DISCUSSED AND APPROVED BY THE SCHOOL BOARD AT ITS MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL EMPLOYMENT DECISIONS AND COMPENSATION ARE DISCUSSED AND APPROVED BY THE SCHOOL BOARD AT ITS MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL GOVERNING DOCUMENTS ARE MADE PUBLIC TO ANYONE UPON REQUEST. THE SCHOOL'S ANNUAL AUDIT REPORT IS PUBLISHED ON THE AUDITOR OF STATE WEBSITE AT HTTP://WWW.AUDITOR.STATE.OH.US.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/TotalLiabilitiesGrp/EOYAmt03961518
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-823375
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IRS990/TotalProgramServiceExpensesAmt03284208
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-15
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ReturnHeader/ReturnTs02024-05-15T15:37:18-04:00
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ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,138,143
Liabilities
$3,961,518
Net assets
-$823,375
Revenue
$4,096,058
Expenses
$3,652,431
Net income
$443,627
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.37$4.81$1.45$3.74$4.36$0.62
2023Detailed filing. Detailed filing data is available for this year.$3.14$3.96$0.82$4.10$3.65$0.44
2022Detailed filing. Detailed filing data is available for this year.$2.93$4.20$1.27$2.87$2.50$0.37
2021Detailed filing. Detailed filing data is available for this year.$1.64$3.28$1.64$3.09$2.13$0.96
2020Detailed filing. Detailed filing data is available for this year.$1.15$3.75$2.60$2.45$2.15$0.30
2019Detailed filing. Detailed filing data is available for this year.$1.16$4.06$2.90$2.63$2.02$0.62
2018Detailed filing. Detailed filing data is available for this year.$1.35$4.87$3.52$3.28$1.50$1.77
2017Summary only. Only limited summary data is available for this year.$1.14$5.65$4.51$3.52$3.42$0.10
2016Summary only. Only limited summary data is available for this year.$0.81$5.42$4.61$3.64$3.62$0.02
2015Summary only. Only limited summary data is available for this year.$0.69$5.32$4.63$4.18$4.03$0.15
2014Summary only. Only limited summary data is available for this year.$0.91$0.77$0.13$4.33$4.36$0.03
2013Summary only. Only limited summary data is available for this year.$0.50$0.34$0.16$4.09$3.92$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.30$0.01$3.39
2011Summary only. Only limited summary data is available for this year.$0.39$0.35$0.04$3.06$3.08$0.02