Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Liabilities / Revenue
82nd percentile
Higher debt load relative to revenue than 82% of similar nonprofits.
Net Margin
17th percentile
Higher net margin than 17% of similar nonprofits.
Top Officer Pay
17th percentile
Higher top officer pay than 17% of similar nonprofits.
Top officer pay equals 0.4% of source-year revenue.
Asset Growth
37th percentile
Faster asset growth than 37% of similar nonprofits.
Revenue Growth
9th percentile
Faster revenue growth than 9% of similar nonprofits.
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
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| 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 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Sevket Simsek | School Principal | FT | $42,251 | $42,251 |
| Name | Title |
|---|---|
| Donald Malloy | Board President |
| Abdullah Kayretli | Board Member |
| Marie Bonilla | Board Member |
| Mustafa Arslan | Board Member |
| Robert Hassan | Board Member |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $11,595,538 |
| Total Expenses per Audited Statements | $11,595,538 |
| Total Expenses per Form 990 | $11,595,538 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Federal income taxes | $8,613,206 |
| Net Pension Liability | $390,868 |
| Net OPEB Liability | $68,135 |
| Intergovernmental Payable | - |
| Lease Payable | - |
| SBITA Payable | - |
“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 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 .”
“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.”
“This is the amount of Net Pension Liability calculated according to GASB Statement No. 68 and 7”
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/AdvertisingGrp/TotalAmt | 0 | 27247 |
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| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 322254 |
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| IRS990/CYTotalExpensesAmt | 0 | 11595538 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
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| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 11595538 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditPerformedInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | true |
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| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
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| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 1492893 |
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| IRS990/ForeignActivitiesInd | 0 | false |
| 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/ReportableCompFromOrgAmt | 5 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Board Member |
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| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 23010 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 23010 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 3688378 |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 390868 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 68135 |
| 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 | Intergovernmental Payable |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | Lease Payable |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 5 | SBITA Payable |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | Financial derivatives and other financial products |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | Closely-held equity interests |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 10464105 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 7115556 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 11595538 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 9072209 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 10464105 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 10464105 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 11595538 |
| 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 in FY 2024 was 3,915,618. |
| 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 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/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 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | This is the amount of Net Pension Liability calculated according to GASB Statement No. 68 and 7 |
| 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/StatesWhereCopyOfReturnIsFldCd | 0 | OH |
| 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 | 15949899 |
| IRS990/TotalAssetsEOYAmt | 0 | 16066975 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 15949899 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 16066975 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 10323008 |
| IRS990/TotalEmployeeCnt | 0 | 121 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 11595538 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 11595538 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 10613047 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 11861556 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 10613047 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 11861556 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 5336852 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 4205419 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 11595538 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 141097 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 42251 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 141097 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 10464105 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 15949899 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 16066975 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 16639 |
| IRS990/TravelGrp/TotalAmt | 0 | 16639 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/USAddress/AddressLine1Txt | 0 | 760 Tower Blvd |
| IRS990/USAddress/CityNm | 0 | Lorain |
| IRS990/USAddress/StateAbbreviationCd | 0 | OH |
| IRS990/USAddress/ZIPCd | 0 | 44052 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | www.horizonlorain.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 | 4402824277 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Horizon Science Academy of Lorain |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | HORI |
| ReturnHeader/Filer/EIN | 0 | 264574311 |
| ReturnHeader/Filer/PhoneNum | 0 | 4402824277 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 760 Tower Blvd |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Lorain |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | OH |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 44052 |
| 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 | 2025-05-11T06:10:21-00:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
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