Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
990 • Fiscal year 2022 • EIN 82-2453248
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
13th percentile
Higher net margin than 13% of similar nonprofits.
Top Officer Pay
54th percentile
Higher top officer pay than 54% of similar nonprofits.
Top officer pay equals 4.4% of source-year revenue.
Asset Growth
98th percentile
Faster asset growth than 98% of similar nonprofits.
Revenue Growth
58th percentile
Faster revenue growth than 58% of similar nonprofits.
Assets
Up$3,301,515
Up $2,485,937 (+305%) from 2021
Net Assets
Down-$1,266,054
Down $557,033 (-79%) from 2021
Liabilities
Up$4,567,569
Up $3,042,970 (+200%) from 2021
Revenue
Up$1,555,881
Up $160,353 (+11%) from 2021
Expenses
Up$1,928,024
Up $325,756 (+20%) from 2021
Net Income
Down-$372,143
Down $165,403 (-80%) from 2021
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 | |||
| Cash and Non-Interest-Bearing Accounts | $130,960 | $175,956 | ▲ $44,996 |
| Accounts Receivable | $211,648 | $144,837 | ▼ $66,811 |
| Land, Buildings, and Equipment, Net | $31,658 | $51,447 | ▲ $19,789 |
| 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 | $-709,021 | $-1,266,054 | ▼ $557,033 |
| Total Assets | $815,578 | $3,301,515 | ▲ $2,485,937 |
| Other Assets Total | $412,312 | $2,900,275 | ▲ $2,487,963 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $900,000 | $3,352,397 | ▲ $2,452,397 |
| Other Liabilities | $461,992 | $902,237 | ▲ $440,245 |
| Accounts Payable and Accrued Expenses | $162,607 | $272,885 | ▲ $110,278 |
| Deferred Revenue | - | $40,050 | - |
| Total Liabilities | $1,524,599 | $4,567,569 | ▲ $3,042,970 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $-709,021 | $-1,266,054 | ▼ $557,033 |
| Total Liabilities and Net Assets / Fund Balance | $815,578 | $3,301,515 | ▲ $2,485,937 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $51,447 | $19,199 | $70,646 |
| Other Assets Org | $2,137,065 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jousef Camizci | Executive Director | PT | $55,858 | $13,147 | $69,005 |
| Name | Title |
|---|---|
| Tevfik Cevheroglu | Board President |
| Ahmet Akyol | Director |
| Bradley Satre | Director |
| Constance Robinson | Director |
| Hekim Seidov | Director |
| Hasan Irmak | School Principal |
| Hasan Damar | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,149,959 |
| Salaries, Compensation, and Employee Benefits | $778,065 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $595,403 | $40,396 | - | $635,799 |
| Office Expenses | $165,552 | $101,773 | - | $267,325 |
| Occupancy | $262,395 | $3,072 | - | $265,467 |
| Fees for Services Other | $149,558 | $34,215 | - | $183,773 |
| Travel | $157,789 | - | - | $157,789 |
| Interest | $114,205 | - | - | $114,205 |
| Payroll Taxes | $43,998 | $10,903 | - | $54,901 |
| Pension Plan Contributions | $47,786 | $3,096 | - | $50,882 |
| Insurance | $27,043 | - | - | $27,043 |
| Other Employee Benefits | $26,037 | $30 | - | $26,067 |
| Fees for Services Legal | - | $14,340 | - | $14,340 |
| Advertising | - | $14,168 | - | $14,168 |
| Current Officers, Directors, Trustees, and Key Employees | $5,208 | $5,208 | - | $10,416 |
| Other Expenses | $31,073 | $9,484 | - | $9,484 |
| Conferences and Meetings | - | $1,392 | - | $1,392 |
| Total Functional Expenses | $1,689,947 | $238,077 | $0 | $1,928,024 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,928,024 |
| Total Expenses per Audited Statements | $1,928,024 |
| Total Expenses per Form 990 | $1,928,024 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Deferred Pension Outflows | $566,215 |
| Pension Liability Payable | $336,022 |
“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 2021-22 school year.”
“The school makes its governing documents, financial statements, and conflict of interest policy available to the public upon request.”
“Change in pension liablity -89,347. Capital outlay -285,506. Principal payments - capital leases 189,963.”
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 | 162607 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 272885 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 211648 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 144837 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | PUBLIC CHARTER SCHOOL THAT PROVIDES ITS STUDENTS WITH AN INNOVATIVE WORLD-CLASS EDUCATION. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 14168 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 14168 |
| IRS990/AllOtherContributionsAmt | 0 | 1436 |
| 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 | IL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60173 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | -709021 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | -1266054 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 130960 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 175956 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 5208 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 5208 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 10416 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 1392 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 1392 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1555881 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 1149959 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -372143 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 778065 |
| IRS990/CYTotalExpensesAmt | 0 | 1928024 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1555881 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 40050 |
| 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 | 19 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1689947 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 14340 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 14340 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 34215 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 149558 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 183773 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 8.00 |
| 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 | 13147 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | TEVFIK CEVHEROGLU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | CONSTANCE ROBINSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | AHMET AKYOL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | BRADLEY SATRE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | HEKIM SEIDOV |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | HASAN IRMAK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JOUSEF CAMIZCI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | HASAN DAMAR |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| 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 | 55858 |
| 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 | BOARD PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | SCHOOL PRINCIPAL |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TREASURER |
| 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 | 1554445 |
| IRS990/GrantAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1555881 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 27043 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 27043 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 114205 |
| IRS990/InterestGrp/TotalAmt | 0 | 114205 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 19199 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 31658 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 51447 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 70646 |
| 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 | -709021 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -1266054 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 3072 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 262395 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 265467 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 101773 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 165552 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 267325 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 412312 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 2900275 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -184890 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 30 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 26037 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 26067 |
| IRS990/OtherExpensesGrp/Desc | 0 | REPAIRS AND MAINTENANCE |
| IRS990/OtherExpensesGrp/Desc | 1 | EQUIPMENT |
| IRS990/OtherExpensesGrp/Desc | 2 | DUES, MEMBERSHIPS, LICE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 9484 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 63900 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 31073 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 63900 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 31073 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 9484 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 461992 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 902237 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 40396 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 595403 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 635799 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 10903 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 43998 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 54901 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 3096 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 47786 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 50882 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 29000 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 29000 |
| IRS990/PrincipalOfficerNm | 0 | STEPHEN WEST |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1395483 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 1008883 |
| IRS990/PYOtherRevenueAmt | 0 | 45 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -206740 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 593385 |
| IRS990/PYTotalExpensesAmt | 0 | 1602268 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1395528 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -372143 |
| 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 | 51447 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 19199 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 70646 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1928024 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 763210 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 2137065 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DEFERRED PENSION OUTFLOWS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | RIGHT-TO-USE ASSETS, NET OF ACCUMULATED AMORTIZATION |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 336022 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 566215 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | PENSION LIABILITY PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DEFERRED PENSION OUTFLOWS |
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| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1555881 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 51447 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 2900275 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1928024 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 902237 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1555881 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1555881 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1928024 |
| 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 2021-22 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 | CHANGE IN PENSION LIABLITY -89,347. CAPITAL OUTLAY -285,506. PRINCIPAL PAYMENTS - CAPITAL LEASES 189,963. |
| 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 XI, LINE 9: |
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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 |
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| IRS990/TotalAssetsEOYAmt | 0 | 3301515 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 815578 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 3301515 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 1555881 |
| IRS990/TotalEmployeeCnt | 0 | 19 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 238077 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1689947 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1928024 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 1524599 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 4567569 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 1524599 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 4567569 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | -709021 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -1266054 |
| IRS990/TotalOtherCompensationAmt | 0 | 13147 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 1689947 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 55858 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1555881 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 7 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 815578 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 3301515 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 157789 |
| IRS990/TravelGrp/TotalAmt | 0 | 157789 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 900000 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 3352397 |
| 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 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | STEPHEN WEST |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6127125252 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-02-01 |
| 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 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 7735 2ND AVENUE SOUTH |
| ReturnHeader/Filer/USAddress/CityNm | 0 | RICHFIELD |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55423 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 410746749 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CLIFTONLARSONALLEN LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 220 S 6TH STREET SUITE 300 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MINNEAPOLIS |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.