Civic Intelligence

Horizon Educational Services Inc

EIN 34-1869716 • 501(c)3 • Cleveland, OH

Profile

Horizon Science Academy Cleveland High School is a public charter school that serving grades 9-12 for children in Cleveland, OH. The school is a college prep school focusing on math, science and technology education.

6000 S Marginal RdCleveland, OH 44103

www.horizoncleveland.org

Siviq Scores

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

Liabilities / Assets

85th percentile

0.65x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.98x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

61st percentile

9.6%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$75,566

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

37th percentile

0.2%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-27%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,640,917

Up $15,465 (+0.2%) from 2023

Liabilities

Down

$5,001,288

Down $476,338 (-8.7%) from 2023

Net Assets

Up

$2,639,629

Up $491,803 (+23%) from 2023

Revenue

Down

$5,121,726

Down $1,896,302 (-27%) from 2023

Expenses

Down

$4,629,923

Down $318,891 (-6.4%) from 2023

Net Income

Down

$491,803

Down $1,577,411 (-76%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2019: $2,105,060Liabilities 2019: $5,494,479Net Assets 2019: -$3,389,4192019Assets 2020: $2,432,414Liabilities 2020: $5,875,295Net Assets 2020: -$3,442,8812020Assets 2021: $3,824,900Liabilities 2021: $5,394,705Net Assets 2021: -$1,569,8052021Assets 2022: $5,561,712Liabilities 2022: $5,483,100Net Assets 2022: $78,6122022Assets 2023: $7,625,452Liabilities 2023: $5,477,626Net Assets 2023: $2,147,8262023Assets 2024: $7,640,917Liabilities 2024: $5,001,288Net Assets 2024: $2,639,6292024

Highlighted filing

2024

Assets$7,640,917
Liabilities$5,001,288
Net Assets$2,639,629

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $4,592,372Expenses 2019: $4,185,176Net Income 2019: $407,1962019Revenue 2020: $4,375,459Expenses 2020: $4,428,921Net Income 2020: -$53,4622020Revenue 2021: $5,758,626Expenses 2021: $3,885,550Net Income 2021: $1,873,0762021Revenue 2022: $6,035,148Expenses 2022: $4,386,731Net Income 2022: $1,648,4172022Revenue 2023: $7,018,028Expenses 2023: $4,948,814Net Income 2023: $2,069,2142023Revenue 2024: $5,121,726Expenses 2024: $4,629,923Net Income 2024: $491,8032024

Highlighted filing

2024

Revenue$5,121,726
Expenses$4,629,923
Net Income$491,803

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 10, 2025
Return Version
2023v6.0
Gross Receipts
$5,121,726
Mission and Program Overview

Mission

Horizon Science Academy Cleveland High School is a public charter school that serving grades 9-12 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$3,598,907$3,421,358▼ $177,549
Cash and Non-Interest-Bearing Accounts$1,783,014$2,553,041▲ $770,027
Prepaid Expenses and Deferred Charges$1,337,761$1,158,417▼ $179,344
Pledges and Grants Receivable$296,462$207,942▼ $88,520
Other Notes and Loans Receivable, Net$176,028--
Accounts Receivable$52,742$3,889▼ $48,853
Total Assets$7,625,452$7,640,917▲ $15,465
Other Assets Total$380,538$296,270▼ $84,268
Liabilities
Other Liabilities$3,761,135$3,883,649▲ $122,514
Deferred Revenue$1,392,842$823,097▼ $569,745
Grants Payable$76,958$211,025▲ $134,067
Accounts Payable and Accrued Expenses$242,691$83,517▼ $159,174
Unsecured Notes Loans Payable$4,000--
Total Liabilities$5,477,626$5,001,288▼ $476,338
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,072,482$2,343,359▲ $270,877
Net Assets With Donor Restrictions$75,344$296,270▲ $220,926
Total Net Assets Fund Balance$2,147,826$2,639,629▲ $491,803
Total Liabilities and Net Assets / Fund Balance$7,625,452$7,640,917▲ $15,465

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,808,091$130,609$2,938,700
Land$486,300-$486,300
Equipment$78,159$271,136$349,295
Leasehold Improvements$48,808$26,328$75,136
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Abdullah KayretliSchool PrincipalFT$75,566$75,566

Board Members and Trustees

NameTitle
Robert HassanBoard President
-Board Member
Donald MalloyBoard Member
Marie BonillaBoard Member
Mustafa ArslanBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$4,452,048
Program Service Revenue
$0
Investment Income
$3,972
Other Revenue
$665,706
Change in Net Assets
$491,803

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,121,726
Total Revenue per Audited Statements
$5,121,726
Total Revenue per Form 990
$5,121,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,841,043
Other Expenses$1,788,880
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,212,135--$2,212,135
Fees for Services Management$822,362--$822,362
Pension Plan Contributions$321,877--$321,877
Depreciation Depletion$227,116--$227,116
Royalties$186,030--$186,030
Payroll Taxes$175,009--$175,009
All Other Expenses$146,548--$146,548
Other Expenses$121,067--$121,067
Travel$75,691--$75,691
Current Officers, Directors, Trustees, and Key Employees$75,566--$75,566
Other Employee Benefits$56,456--$56,456
Fees for Services Other$52,339--$52,339
Conferences and Meetings$26,908--$26,908
Advertising$18,559--$18,559
Total Functional Expenses$4,629,923$0$0$4,629,923

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,629,923
Total Expenses per Audited Statements$4,629,923
Total Expenses per Form 990$4,629,923
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$3,690,665
Pension Liabilities$118,382
Net OPEB Liabilities$74,602
Capital Lease Payable-
Intergovernmental Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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 13

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 compensated by Concept Schools. Concept Schools also provide a wide range of services such as budgeting and financial oversight, School Management Database, quarterly OAT/OGT Practice tests, curriculum alignment, professional development and valuation services for teachers, etc. Inreturn 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, Part VI, Section B, Line 11B

Form 990 is prepared by the Independent CPA, reviewed by 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 Educational Services Inc
EIN
34-1869716
Phone
2164323660
Address
6000 S Marginal Rd, Cleveland, OH 44103
Doing Business As
Horizon Science Academy Cleveland High School

Signing Officer

Name
Ramazan Celep
Title
Treasurer
Phone
2164323660
Signed
2025-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ramazan Celep
Formed
1998
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
40

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 75.

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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02808091
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0130609
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02938700
IRS990ScheduleD/EquipmentGrp/BookValueAmt078159
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0271136
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0349295
IRS990ScheduleD/ExpensesSubtotalAmt04629923
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0486300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0486300
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt048808
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt026328
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt075136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03690665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1118382
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt274602
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Capital Lease Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Intergovernmental Payable
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt05121726
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03421358
IRS990ScheduleD/TotalExpensesPerForm990Amt04629923
IRS990ScheduleD/TotalLiabilityAmt03883649
IRS990ScheduleD/TotalRevenuePerForm990Amt05121726
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05121726
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04629923
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/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The Organization receives Federal and State Grants. Total federal and state grants received in FY 2024 was 1,721,170.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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 compensated by Concept Schools. Concept Schools also provide a wide range of services such as budgeting and financial oversight, School Management Database, quarterly OAT/OGT Practice tests, curriculum alignment, professional development and valuation services for teachers, etc. Inreturn 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/ExplanationTxt1Form 990 is prepared by the Independent CPA, reviewed by 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 75.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 13
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/TotalAssetsBOYAmt07625452
IRS990/TotalAssetsEOYAmt07640917
IRS990/TotalAssetsGrp/BOYAmt07625452
IRS990/TotalAssetsGrp/EOYAmt07640917
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04452048
IRS990/TotalEmployeeCnt040
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04629923
IRS990/TotalFunctionalExpensesGrp/TotalAmt04629923
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05477626
IRS990/TotalLiabilitiesEOYAmt05001288
IRS990/TotalLiabilitiesGrp/BOYAmt05477626
IRS990/TotalLiabilitiesGrp/EOYAmt05001288
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02147826
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02639629
IRS990/TotalProgramServiceExpensesAmt04629923
IRS990/TotalReportableCompFromOrgAmt075566
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0669678
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05121726
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07625452
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07640917
IRS990/TravelGrp/ProgramServicesAmt075691
IRS990/TravelGrp/TotalAmt075691
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt04000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06000 S Marginal Rd
IRS990/USAddress/CityNm0Cleveland
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044103
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.horizoncleveland.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ramazan Celep
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02164323660
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Horizon Educational Services Inc
ReturnHeader/Filer/BusinessNameControlTxt0HORI
ReturnHeader/Filer/EIN0341869716
ReturnHeader/Filer/PhoneNum02164323660
ReturnHeader/Filer/USAddress/AddressLine1Txt06000 S Marginal Rd
ReturnHeader/Filer/USAddress/CityNm0Cleveland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044103
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02025-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALIOUNE GUEYE
ReturnHeader/ReturnTs02025-05-10T04:40:43-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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