Civic Intelligence

Horizon Science Academy of Lorain

EIN 26-4574311 • 501(c)3 • Lorain, OH

Profile

Horizon Science Academy of Lorain is public charter school that serving grades K through 12 for children in Cleveland, OH. The school is a college prep school focusing on math, science and technology education.

760 Tower BlvdLorain, OH 44052

www.horizonlorain.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.74x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

1.13x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

17th percentile

-11%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

17th percentile

$42,251

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

37th percentile

0.7%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-28%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$16,066,975

Up $117,076 (+0.7%) from 2023

Liabilities

Up

$11,861,556

Up $1,248,509 (+12%) from 2023

Net Assets

Down

$4,205,419

Down $1,131,433 (-21%) from 2023

Revenue

Down

$10,464,105

Down $4,117,960 (-28%) from 2023

Expenses

Down

$11,595,538

Down $392,524 (-3.3%) from 2023

Net Income

Down

-$1,131,433

Down $3,725,436 (-144%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$10M$0-$10MAssets 2019: $4,203,547Liabilities 2019: $8,000,052Net Assets 2019: -$3,796,5052019Assets 2020: $4,961,529Liabilities 2020: $9,150,351Net Assets 2020: -$4,188,8222020Assets 2021: $7,416,204Liabilities 2021: $8,693,070Net Assets 2021: -$1,276,8662021Assets 2022: $13,520,776Liabilities 2022: $10,777,927Net Assets 2022: $2,742,8492022Assets 2023: $15,949,899Liabilities 2023: $10,613,047Net Assets 2023: $5,336,8522023Assets 2024: $16,066,975Liabilities 2024: $11,861,556Net Assets 2024: $4,205,4192024

Highlighted filing

2024

Assets$16,066,975
Liabilities$11,861,556
Net Assets$4,205,419

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2019: $7,451,426Expenses 2019: $7,066,717Net Income 2019: $384,7092019Revenue 2020: $7,779,711Expenses 2020: $8,172,028Net Income 2020: -$392,3172020Revenue 2021: $11,463,711Expenses 2021: $8,551,755Net Income 2021: $2,911,9562021Revenue 2022: $13,534,824Expenses 2022: $9,515,109Net Income 2022: $4,019,7152022Revenue 2023: $14,582,065Expenses 2023: $11,988,062Net Income 2023: $2,594,0032023Revenue 2024: $10,464,105Expenses 2024: $11,595,538Net Income 2024: -$1,131,4332024

Highlighted filing

2024

Revenue$10,464,105
Expenses$11,595,538
Net Income-$1,131,433

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 11, 2025
Return Version
2023v6.0
Gross Receipts
$10,464,105
Mission and Program Overview

Mission

Horizon Science Academy of Lorain is public charter school that serving grades K through 12 for children in Cleveland, OH. The school is a college prep school focusing on math, science and technology education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,506,611$7,115,556▲ $1,608,945
Cash and Non-Interest-Bearing Accounts$5,921,942$4,569,069▼ $1,352,873
Prepaid Expenses and Deferred Charges$3,359,717$3,648,575▲ $288,858
Pledges and Grants Receivable$370,386$72,889▼ $297,497
Total Assets$15,949,899$16,066,975▲ $117,076
Other Assets Total$791,243$660,886▼ $130,357
Liabilities
Other Liabilities$8,083,694$9,072,209▲ $988,515
Deferred Revenue$1,747,476$1,444,383▼ $303,093
Accounts Payable and Accrued Expenses$781,877$1,344,964▲ $563,087
Total Liabilities$10,613,047$11,861,556▲ $1,248,509
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,336,852$3,544,533▼ $1,792,319
Net Assets With Donor Restrictions-$660,886-
Total Net Assets Fund Balance$5,336,852$4,205,419▼ $1,131,433
Total Liabilities and Net Assets / Fund Balance$15,949,899$16,066,975▲ $117,076

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,688,378$1,058,276$4,746,654
Buildings$3,226,902$150,088$3,376,990
Equipment$177,266$394,357$571,623
Land$23,010-$23,010
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sevket SimsekSchool PrincipalFT$42,251$42,251

Board Members and Trustees

NameTitle
Donald MalloyBoard President
Abdullah KayretliBoard Member
Marie BonillaBoard Member
Mustafa ArslanBoard Member
Robert HassanBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$10,323,008
Program Service Revenue
$141,097
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,131,433

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,464,105
Total Revenue per Audited Statements
$10,464,105
Total Revenue per Form 990
$10,464,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,745,646
Other Expenses$3,849,892
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,607,804--$5,607,804
Fees for Services Management$1,492,893--$1,492,893
Other Employee Benefits$849,595--$849,595
Pension Plan Contributions$813,767--$813,767
Depreciation Depletion$672,669--$672,669
Payroll Taxes$432,229--$432,229
Occupancy$403,882--$403,882
Other Expenses$348,561--$348,561
All Other Expenses$322,254--$322,254
Fees for Services Other$84,743--$84,743
Current Officers, Directors, Trustees, and Key Employees$42,251--$42,251
Advertising$27,247--$27,247
Travel$16,639--$16,639
Conferences and Meetings$13,049--$13,049
Total Functional Expenses$11,595,538$0$0$11,595,538

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,595,538
Total Expenses per Audited Statements$11,595,538
Total Expenses per Form 990$11,595,538
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
Federal income taxes$8,613,206
Net Pension Liability$390,868
Net OPEB Liability$68,135
Intergovernmental Payable-
Lease Payable-
SBITA Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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, Part VI, Section A, Line 3

The School is in contract with Concept Schools Inc., an llinois 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.5.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by the School Treasurer and a copy is provided to the Board Members for review in the Board Meeting.

Form 990, Part VI, Section B, Line 12C

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.

Form 990, Part VI, Section B, Line 15

All employment decisions and compensations are discussed and approved in the Board Meetings .

Form 990, Part VI, Section C, Line 19

The Schools 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.

Filing and Contact Details

Filer

Filer Name
Horizon Science Academy of Lorain
EIN
26-4574311
Phone
4402824277
Address
760 Tower Blvd, Lorain, OH 44052

Signing Officer

Name
Ramazan Celep
Title
Treasurer
Phone
4402824277
Signed
2025-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ramazan Celep
Formed
2009
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
121

Preparer

Firm
Gueye and Associates CPA Inc
Address
2246 S HAMILTON RD SUITE 102, COLUMBUS, OH 43232
Preparer
Alioune Gueye
Phone
6143420297
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 25

This is the amount of Net Pension Liability calculated according to GASB Statement No. 68 and 7

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Intergovernmental Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Lease Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5SBITA Payable
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt010464105
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07115556
IRS990ScheduleD/TotalExpensesPerForm990Amt011595538
IRS990ScheduleD/TotalLiabilityAmt09072209
IRS990ScheduleD/TotalRevenuePerForm990Amt010464105
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010464105
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011595538
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The School receives federal and state grants. Total grants received in FY 2024 was 3,915,618.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The School is in contract with Concept Schools Inc., an llinois 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.5.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is prepared by the School Treasurer and a copy is provided to the Board Members for review in the Board Meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 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/ExplanationTxt3All employment decisions and compensations are discussed and approved in the Board Meetings .
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Schools 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/ExplanationTxt5This is the amount of Net Pension Liability calculated according to GASB Statement No. 68 and 7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part X, Line 25
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015949899
IRS990/TotalAssetsEOYAmt016066975
IRS990/TotalAssetsGrp/BOYAmt015949899
IRS990/TotalAssetsGrp/EOYAmt016066975
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010323008
IRS990/TotalEmployeeCnt0121
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011595538
IRS990/TotalFunctionalExpensesGrp/TotalAmt011595538
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010613047
IRS990/TotalLiabilitiesEOYAmt011861556
IRS990/TotalLiabilitiesGrp/BOYAmt010613047
IRS990/TotalLiabilitiesGrp/EOYAmt011861556
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05336852
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04205419
IRS990/TotalProgramServiceExpensesAmt011595538
IRS990/TotalProgramServiceRevenueAmt0141097
IRS990/TotalReportableCompFromOrgAmt042251
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0141097
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010464105
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015949899
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016066975
IRS990/TravelGrp/ProgramServicesAmt016639
IRS990/TravelGrp/TotalAmt016639
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0760 Tower Blvd
IRS990/USAddress/CityNm0Lorain
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044052
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.horizonlorain.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAMAZAN CELEP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04402824277
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Horizon Science Academy of Lorain
ReturnHeader/Filer/BusinessNameControlTxt0HORI
ReturnHeader/Filer/EIN0264574311
ReturnHeader/Filer/PhoneNum04402824277
ReturnHeader/Filer/USAddress/AddressLine1Txt0760 Tower Blvd
ReturnHeader/Filer/USAddress/CityNm0Lorain
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044052
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450821791
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GUEYE AND ASSOCIATES CPA INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02246 S HAMILTON RD SUITE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd043232
ReturnHeader/PreparerPersonGrp/PhoneNum06143420297
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALIOUNE GUEYE
ReturnHeader/ReturnTs02025-05-11T06:10:21-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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