Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
EIN 82-2453248 • 501(c)3 • Richfield, MN
Profile
Horizon science academy twin cities is a public charter school that provides its students with an innovative world-class education, rich in math, science, and technology focused on preparing students to become bold inquirers, problem solvers, and ethical leaders, skill-ready for post-secondary education to meet the challenges of a competitive globa
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
16th percentile
Faster asset growth than 16% of similar nonprofits.
Revenue Growth
38th percentile
Faster revenue growth than 38% of similar nonprofits.
Assets
Down$2,539,709
Down $470,891 (-16%) from 2023
Liabilities
Down$3,221,343
Down $1,837,816 (-36%) from 2023
Net Assets
Up-$681,634
Up $1,366,925 (+67%) from 2023
Revenue
Up$4,540,746
Up $2,966,622 (+188%) from 2023
Expenses
Up$3,173,821
Up $817,192 (+35%) from 2023
Net Income
Up$1,366,925
Up $2,149,430 (+275%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Horizon science academy twin cities is a public charter school that provides its students with an innovative world-class education, rich in math, science, and technology focused on preparing students to become bold inquirers, problem solvers, and ethical leaders, skill-ready for post-secondary education to meet the challenges of a competitive global workforce.
Public charter school that provides its students with an innovative world-class education.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $390,632 | $101,427 | ▼ $289,205 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $1,869,088 | $-200,225 | ▼ $2,069,313 |
| Rtn Earn Endowment Incm Other Fnds | - | $-481,409 | - |
| Cap Stk Tr Prin Current Funds | $-3,917,647 | - | - |
| Total Assets | $3,010,600 | $2,539,709 | ▼ $470,891 |
| Other Assets Total | $2,619,968 | $2,438,282 | ▼ $181,686 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $3,570,363 | - | - |
| Other Liabilities | $892,917 | $2,952,679 | ▲ $2,059,762 |
| Accounts Payable and Accrued Expenses | $463,266 | $268,664 | ▼ $194,602 |
| Deferred Revenue | $132,613 | - | - |
| Total Liabilities | $5,059,159 | $3,221,343 | ▼ $1,837,816 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $-2,048,559 | $-681,634 | ▲ $1,366,925 |
| Total Liabilities and Net Assets / Fund Balance | $3,010,600 | $2,539,709 | ▼ $470,891 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $691,725 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Bradley Satre | Board Member | FT | $40,095 | $40,095 |
| Jeanetta Y Cooper | Principal | FT | $31,461 | $31,461 |
| Name | Title |
|---|---|
| Tevfik Cevheroglu | Board Chair |
| Ahmet Akyol | Board Member |
| Hekim Seidov | Board Member |
| Monique Balkey | Board Member |
| Safiyo Ali | Board Member |
| Stephen West | Executive Director |
| Hasan Damar | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,606,087 |
| Other Expenses | $1,567,734 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,043,908 | $115,990 | - | $1,159,898 |
| Travel | $333,983 | $37,109 | - | $371,092 |
| Depreciation Depletion | $322,922 | $35,880 | - | $358,802 |
| Other Employee Benefits | $245,276 | $27,253 | - | $272,529 |
| Pension Plan Contributions | $156,294 | $17,366 | - | $173,660 |
| All Other Expenses | $134,832 | $14,982 | - | $149,814 |
| Other Expenses | $131,005 | $14,556 | - | $145,561 |
| Interest | $87,967 | $9,774 | - | $97,741 |
| Advertising | $64,643 | $7,183 | - | $71,826 |
| Information Technology | $35,935 | $3,993 | - | $39,928 |
| Fees for Services Legal | $35,206 | $3,912 | - | $39,118 |
| Insurance | $20,102 | $2,233 | - | $22,335 |
| Total Functional Expenses | $2,856,439 | $317,382 | $0 | $3,173,821 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $3,173,821 |
| Total Expenses per Audited Statements | $3,173,821 |
| Total Expenses per Form 990 | $3,173,821 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Bank Overdraft | $1,946,782 |
| Federal income taxes | $872,465 |
| Pension Liability Payable | $122,006 |
| Deferred Pension Outflows | $11,426 |
| Lease Liability | - |
“The school engages concept schools to execute budgets and financial operations of the organization, and provided a start up loan in the amount of 500,000.”
“The schools treasurer, hasan damar, is an employee of concept schools. Due to the extent of his management authority, hasan damar is an officer of the board and is listed on form 990, part vii. However, because he is employed by concept schools, an unrelated party, no compensation appears on part vii on the 990 or schedule j.”
“No committee has the authority to act on behalf of the governing body.”
“The form 990 is prepared by an independent accounting firm. Prior to filing a draft of the form 990 is sent to management and the board for review.”
“The conflict of interest policy covers the board of directors. Compliance is monitored and enforced during monthly board meetings by the board of directors. If a member of the board of directors has been identified as having a conflict of interest, they will not be permitted to approve, directly influence or otherwise have any direct involvement in the contracting, sale, purchasing or leasing process.”
“As part of the initial budget, all of the salaries, including the executive director, are reviewed and approved by the board. The school director recommends salary increases and justification to the school board, within budget constraints. Compensation increases are generally set based on comparison with similar positions in other minnesota school districts, pay rate matrices for the different employee classes, and budget constraints. Independent data is reviewed by the board prior to setting compensation. This process was most recently undertaken for other administrators, classroom teachers, and school support staff in 2023-24 school year.”
“The school makes its governing documents, financial statements, and conflict of interest policy available to the public upon request.”
“The process for oversight and selection of an independent account has not changed from the prior year.”
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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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 268664 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 390632 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 101427 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | PUBLIC CHARTER SCHOOL THAT PROVIDES ITS STUDENTS WITH AN INNOVATIVE WORLD-CLASS EDUCATION. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 7183 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 64643 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 71826 |
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| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 149814 |
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| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
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| IRS990/BooksInCareOfDetail/PersonNm | 0 | HASAN DAMAR |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3176524801 |
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| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60173 |
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| IRS990/CompensationProcessCEOInd | 0 | true |
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| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
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| IRS990/CYContributionsGrantsAmt | 0 | 2640746 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
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| IRS990/CYOtherRevenueAmt | 0 | 1900000 |
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| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 1606087 |
| IRS990/CYTotalExpensesAmt | 0 | 3173821 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 4540746 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | true |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 35880 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 322922 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 358802 |
| IRS990/Desc | 0 | HORIZON SCIENCE ACADEMY TWIN CITIES IS A PUBLIC CHARTER SCHOOL THAT PROVIDES ITS STUDENTS WITH AN INNOVATIVE WORLD-CLASS EDUCATION, RICH IN MATH, SCIENCE, AND TECHNOLOGY FOCUSED ON PREPARING STUDENTS TO BECOME BOLD INQUIRERS, PROBLEM SOLVERS, AND ETHICAL LEADERS, SKILL-READY FOR POST-SECONDARY EDUCATION TO MEET THE CHALLENGES OF A COMPETITIVE GLOBAL WORKFORCE. |
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| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 32 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 2856439 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 3912 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 35206 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 39118 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 040.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 040.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 001.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 001.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 001.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 001.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 001.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 010.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 008.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BRADLEY SATRE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JEANETTA Y COOPER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | SAFIYO ALI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | TEVFIK CEVHEROGLU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | AHMET AKYOL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MONIQUE BALKEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | HEKIM SEIDOV |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | STEPHEN WEST |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 40095 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 31461 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | PRINCIPAL |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | TREASURER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2017 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
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| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GovernmentGrantsAmt | 0 | 2196811 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 4540746 |
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| IRS990/IncludeFIN48FootnoteInd | 0 | false |
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| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 3993 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 35935 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 39928 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 2233 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 20102 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 22335 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 9774 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 87967 |
| IRS990/InterestGrp/TotalAmt | 0 | 97741 |
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| IRS990/LoanOutstandingInd | 0 | false |
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| IRS990/MissionDesc | 0 | HORIZON SCIENCE ACADEMY TWIN CITIES IS A PUBLIC CHARTER SCHOOL THAT PROVIDES ITS STUDENTS WITH AN INNOVATIVE WORLD-CLASS EDUCATION, RICH IN MATH, SCIENCE, AND TECHNOLOGY FOCUSED ON PREPARING STUDENTS TO BECOME BOLD INQUIRERS, PROBLEM SOLVERS, AND ETHICAL LEADERS, SKILL-READY FOR POST-SECONDARY EDUCATION TO MEET THE CHALLENGES OF A COMPETITIVE GLOBA |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 2438282 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 27253 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 245276 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 272529 |
| IRS990/OtherExpensesGrp/Desc | 0 | DUES AND SUBSCRIPTIONS |
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| IRS990/OtherExpensesGrp/Desc | 2 | SCHOOL SUPPLIES MATERIALS |
| IRS990/OtherExpensesGrp/Desc | 3 | SITES BUILDINGS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2120 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 21022 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 4009 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 14556 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 19084 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 189202 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 36080 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 131005 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 21204 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 210224 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 40089 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 145561 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 892917 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 2952679 |
| IRS990/OtherRevenueTotalAmt | 0 | 1900000 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 115990 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1043908 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1159898 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 1869088 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | -200225 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 17366 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 156294 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 173660 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | STEPHEN WEST |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 1574124 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 1336003 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -782505 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1020626 |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | CAPITAL AND RIGHT-TO-USE ASSETS, NET |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | DEFERRED PENSION OUTFLOWS |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 122006 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 11426 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 1946782 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Federal income taxes |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | PENSION LIABILITY PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | DEFERRED PENSION OUTFLOWS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | BANK OVERDRAFT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | LEASE LIABILITY |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | Financial derivatives and other financial products |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | Closely-held equity interests |
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| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | EXPLANATION OF GOVERNMENT FINANCIAL AID THE SCHOOL RECEIVES STATE AND FEDERAL FUNDING. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | 6a |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE SCHOOL ENGAGES CONCEPT SCHOOLS TO EXECUTE BUDGETS AND FINANCIAL OPERATIONS OF THE ORGANIZATION, AND PROVIDED A START UP LOAN IN THE AMOUNT OF 500,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE SCHOOLS TREASURER, HASAN DAMAR, IS AN EMPLOYEE OF CONCEPT SCHOOLS. DUE TO THE EXTENT OF HIS MANAGEMENT AUTHORITY, HASAN DAMAR IS AN OFFICER OF THE BOARD AND IS LISTED ON FORM 990, PART VII. HOWEVER, BECAUSE HE IS EMPLOYED BY CONCEPT SCHOOLS, AN UNRELATED PARTY, NO COMPENSATION APPEARS ON PART VII ON THE 990 OR SCHEDULE J. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | NO COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. PRIOR TO FILING A DRAFT OF THE FORM 990 IS SENT TO MANAGEMENT AND THE BOARD FOR REVIEW. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE CONFLICT OF INTEREST POLICY COVERS THE BOARD OF DIRECTORS. COMPLIANCE IS MONITORED AND ENFORCED DURING MONTHLY BOARD MEETINGS BY THE BOARD OF DIRECTORS. IF A MEMBER OF THE BOARD OF DIRECTORS HAS BEEN IDENTIFIED AS HAVING A CONFLICT OF INTEREST, THEY WILL NOT BE PERMITTED TO APPROVE, DIRECTLY INFLUENCE OR OTHERWISE HAVE ANY DIRECT INVOLVEMENT IN THE CONTRACTING, SALE, PURCHASING OR LEASING PROCESS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | AS PART OF THE INITIAL BUDGET, ALL OF THE SALARIES, INCLUDING THE EXECUTIVE DIRECTOR, ARE REVIEWED AND APPROVED BY THE BOARD. THE SCHOOL DIRECTOR RECOMMENDS SALARY INCREASES AND JUSTIFICATION TO THE SCHOOL BOARD, WITHIN BUDGET CONSTRAINTS. COMPENSATION INCREASES ARE GENERALLY SET BASED ON COMPARISON WITH SIMILAR POSITIONS IN OTHER MINNESOTA SCHOOL DISTRICTS, PAY RATE MATRICES FOR THE DIFFERENT EMPLOYEE CLASSES, AND BUDGET CONSTRAINTS. INDEPENDENT DATA IS REVIEWED BY THE BOARD PRIOR TO SETTING COMPENSATION. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN FOR OTHER ADMINISTRATORS, CLASSROOM TEACHERS, AND SCHOOL SUPPORT STAFF IN 2023-24 SCHOOL YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNT HAS NOT CHANGED FROM THE PRIOR YEAR. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, Line 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, Line 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, Line 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section B, Line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part XII, Line 2C |
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| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 7735 2ND AVENUE SOUTH |
| IRS990/USAddress/CityNm | 0 | RICHFIELD |
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| IRS990/USAddress/ZIPCd | 0 | 55423 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 6 |
| IRS990/VotingMembersIndependentCnt | 0 | 6 |
| IRS990/WebsiteAddressTxt | 0 | WWW.HORIZONTWINCITIES.ORG |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | STEPHEN WEST |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SUPERINTENDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6127125252 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-03-07 |
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| ReturnHeader/Filer/BusinessNameControlTxt | 0 | HORI |
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| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55423 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 753125446 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | THOMAS & COMPANY CPA PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 9710 STIRLING RD STE 101 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | COOPER CITY |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 33024 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9544357272 |
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