Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
990 • Fiscal year 2021 • EIN 82-2453248
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
Liabilities / Revenue
88th percentile
Higher debt load relative to revenue than 88% of similar nonprofits.
Net Margin
13th percentile
Higher net margin than 13% of similar nonprofits.
Top Officer Pay
73rd percentile
Higher top officer pay than 73% of similar nonprofits.
Top officer pay equals 7.8% of source-year revenue.
Asset Growth
96th percentile
Faster asset growth than 96% of similar nonprofits.
Revenue Growth
78th percentile
Faster revenue growth than 78% of similar nonprofits.
Assets
Up$815,578
Up $527,645 (+183%) from 2020
Net Assets
Down-$709,021
Down $256,928 (-57%) from 2020
Liabilities
Up$1,524,599
Up $784,573 (+106%) from 2020
Revenue
Up$1,395,528
Up $493,146 (+55%) from 2020
Expenses
Up$1,602,268
Up $336,578 (+27%) from 2020
Net Income
Up-$206,740
Up $156,568 (+43%) from 2020
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 | $147,391 | $211,648 | ▲ $64,257 |
| Cash and Non-Interest-Bearing Accounts | $67,322 | $130,960 | ▲ $63,638 |
| Land, Buildings, and Equipment, Net | $0 | $31,658 | ▲ $31,658 |
| Prepaid Expenses and Deferred Charges | $29,000 | $29,000 | → $0 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Rtn Earn Endowment Incm Other Fnds | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $-452,093 | $-709,021 | ▼ $256,928 |
| Total Assets | $287,933 | $815,578 | ▲ $527,645 |
| Other Assets Total | $44,220 | $412,312 | ▲ $368,092 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $601,200 | $900,000 | ▲ $298,800 |
| Other Liabilities | $12,054 | $461,992 | ▲ $449,938 |
| Accounts Payable and Accrued Expenses | $126,772 | $162,607 | ▲ $35,835 |
| Total Liabilities | $740,026 | $1,524,599 | ▲ $784,573 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $-452,093 | $-709,021 | ▼ $256,928 |
| Total Liabilities and Net Assets / Fund Balance | $287,933 | $815,578 | ▲ $527,645 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $31,658 | $7,915 | $39,573 |
| Other Assets Org | $412,312 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Jousef Camizci | School Principal | FT | $109,509 | $109,509 |
| Name | Title |
|---|---|
| Tevfik Cevheroglu | Board President |
| Ahmet Akyol | Director |
| Bradley Satre | Director |
| Constance Robinson | Director |
| Hekin Seidov | Director |
| Murat Oguz | Executive Director |
| Hasan Damar | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,008,883 |
| Salaries, Compensation, and Employee Benefits | $593,385 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $324,159 | $73,763 | - | $397,922 |
| Occupancy | $301,045 | $3,708 | - | $304,753 |
| Fees for Services Other | $227,615 | $43,990 | - | $271,605 |
| Office Expenses | $114,389 | $32,349 | - | $146,738 |
| Travel | $113,883 | - | - | $113,883 |
| Current Officers, Directors, Trustees, and Key Employees | $51,937 | $51,937 | - | $103,874 |
| Payroll Taxes | $25,902 | $12,019 | - | $37,921 |
| Pension Plan Contributions | $25,876 | $6,022 | - | $31,898 |
| Other Employee Benefits | $14,286 | $7,484 | - | $21,770 |
| Other Expenses | $49,782 | $21,768 | - | $21,768 |
| Insurance | $17,514 | - | - | $17,514 |
| Fees for Services Legal | - | $9,100 | - | $9,100 |
| Advertising | - | $3,526 | - | $3,526 |
| Total Functional Expenses | $1,321,807 | $280,461 | $0 | $1,602,268 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,602,268 |
| Total Expenses per Audited Statements | $1,602,268 |
| Total Expenses per Form 990 | $1,602,268 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Pension Liability Payable | $457,521 |
| Deferred Pension Outflows | $4,471 |
“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 school's 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 2020-21 school year.”
“The school makes its governing documents, financial statements, and conflict of interest policy available to the public upon request.”
“Professional services: program service expenses 227,615. Management and general expenses 43,990. Fundraising expenses 0. Total expenses 271,605.”
“Change in pension liablity -81,846. Capital outlay 31,658.”
“The process for oversight and selection of an independent account has not changed from the prior year.”
“Ppp loan forgiveness 101,200.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 126772 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 162607 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 147391 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 211648 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | PUBLIC CHARTER SCHOOL THAT PROVIDES ITS STUDENTS WITH AN INNOVATIVE WORLD-CLASS EDUCATION. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 3526 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 3526 |
| IRS990/AllOtherContributionsAmt | 0 | 1305 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | HASAN DAMAR |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3176524801 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1336 BASSWOOD RD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | SCHAUMBURG |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60173 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | -452093 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | -709021 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 67322 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 130960 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 51937 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 51937 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 103874 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1395483 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 1008883 |
| IRS990/CYOtherRevenueAmt | 0 | 45 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -206740 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 593385 |
| IRS990/CYTotalExpensesAmt | 0 | 1602268 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1395528 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| 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. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 12 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1321807 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 9100 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 9100 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 43990 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 227615 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 271605 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 8.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JOUSEF CAMIZCI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MURAT OGUZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | TEVFIK CEVHEROGLU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | HASAN DAMAR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | AHMET AKYOL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | CONSTANCE ROBINSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | BRADLEY SATRE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | HEKIN SEIDOV |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 109509 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| 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/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | SCHOOL PRINCIPAL |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2017 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GovernmentGrantsAmt | 0 | 1394178 |
| IRS990/GrantAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1395528 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 17514 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 17514 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 3 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 7915 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 31658 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 39573 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| 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 GLOBAL WORKFORCE. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -452093 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -709021 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 3708 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 301045 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 304753 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 32349 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 114389 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 146738 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 44220 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 412312 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -50188 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 7484 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 14286 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 21770 |
| IRS990/OtherExpensesGrp/Desc | 0 | EQUIPMENT |
| IRS990/OtherExpensesGrp/Desc | 1 | REPAIRS AND MAINTENANCE |
| IRS990/OtherExpensesGrp/Desc | 2 | DUES, MEMBERSHIPS, LICE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 14795 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 21768 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 55419 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 49782 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 70214 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 49782 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 21768 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 12054 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 461992 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | INSURANCE RECOERY |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 45 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 45 |
| IRS990/OtherRevenueTotalAmt | 0 | 45 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 73763 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 324159 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 397922 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 12019 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 25902 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 37921 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 6022 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 25876 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 31898 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 29000 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 29000 |
| IRS990/PrincipalOfficerNm | 0 | JOUSEF CAMIZCI |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 902382 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 711790 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -363308 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 553900 |
| IRS990/PYTotalExpensesAmt | 0 | 1265690 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 902382 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -206740 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 31658 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 7915 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 39573 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1602268 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 412312 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DEFERRED PENSION OUTFLOWS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 457521 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 4471 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | PENSION LIABILITY PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DEFERRED PENSION OUTFLOWS |
| IRS990ScheduleD/OtherRevenuesNotIncludedAmt | 0 | 101200 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 101200 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1294328 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | PPP LOAN FORGIVENESS 101,200. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 31658 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 412312 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1602268 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 461992 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1395528 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1294328 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1602268 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON THEIR WEBSITE AND WITHIN THE STUDENT APPLICATION. ANY ADS PLACED SOLICITING STUDENTS HAVE EQUAL OPPORTUNITY EMPLOYER AND EDUCATOR STATEMENTS. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | THE SCHOOL RECEIVES STATE AND FEDERAL FUNDING. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, PART I, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, PART I, LINE 6 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| 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. THE SCHOOL'S 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 | 1 | NO COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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 | 3 | 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 | 4 | 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 2020-21 SCHOOL YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 227,615. MANAGEMENT AND GENERAL EXPENSES 43,990. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 271,605. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | CHANGE IN PENSION LIABLITY -81,846. CAPITAL OUTLAY 31,658. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNT HAS NOT CHANGED FROM THE PRIOR YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART XII, LINE 2C: |
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| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MN |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 287933 |
| IRS990/TotalAssetsEOYAmt | 0 | 815578 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 287933 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 815578 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 1395483 |
| IRS990/TotalEmployeeCnt | 0 | 12 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 280461 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1321807 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1602268 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 740026 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1524599 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 740026 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1524599 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | -452093 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -709021 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 1321807 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 109509 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 45 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1395528 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 5 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 287933 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 815578 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 113883 |
| IRS990/TravelGrp/TotalAmt | 0 | 113883 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 601200 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 900000 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 7735 2ND AVENUE SOUTH |
| IRS990/USAddress/CityNm | 0 | RICHFIELD |
| IRS990/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/USAddress/ZIPCd | 0 | 55423 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | WWW.HORIZONTWINCITIES.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOUSEF CAMIZCI |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6127125252 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-05-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | HORIZON SCIENCE ACADEMY TWIN CITIES |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | HORI |
| ReturnHeader/Filer/EIN | 0 | 822453248 |
| ReturnHeader/Filer/PhoneNum | 0 | 6127125252 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.