Civic Intelligence

Horizon Science Academy Twin Cities

990 • Fiscal year 2022 • EIN 82-2453248

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 01, 2024

7735 2nd Avenue SouthRichfield, MN 55423

(612) 712-5252

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.38x

Higher debt load relative to assets than 97% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

2.94x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

13th percentile

-24%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

54th percentile

$69,005

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

98th percentile

305%

Faster asset growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

58th percentile

11%

Faster revenue growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

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

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2020: $287,933Liabilities 2020: $740,026Net Assets 2020: -$452,0932020Assets 2021: $815,578Liabilities 2021: $1,524,599Net Assets 2021: -$709,0212021Assets 2022: $3,301,515Liabilities 2022: $4,567,569Net Assets 2022: -$1,266,0542022Assets 2023: $3,010,600Liabilities 2023: $5,059,159Net Assets 2023: -$2,048,5592023Assets 2024: $2,539,709Liabilities 2024: $3,221,343Net Assets 2024: -$681,6342024

Highlighted filing

2022

Assets$3,301,515
Liabilities$4,567,569
Net Assets-$1,266,054

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $902,382Expenses 2020: $1,265,690Net Income 2020: -$363,3082020Revenue 2021: $1,395,528Expenses 2021: $1,602,268Net Income 2021: -$206,7402021Revenue 2022: $1,555,881Expenses 2022: $1,928,024Net Income 2022: -$372,1432022Revenue 2023: $1,574,124Expenses 2023: $2,356,629Net Income 2023: -$782,5052023Revenue 2024: $4,540,746Expenses 2024: $3,173,821Net Income 2024: $1,366,9252024

Highlighted filing

2022

Revenue$1,555,881
Expenses$1,928,024
Net Income-$372,143
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 1, 2024
Return Version
2021v4.2
Gross Receipts
$1,555,881
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
Buildings$51,447$19,199$70,646
Other Assets Org$2,137,065--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jousef CamizciExecutive DirectorPT$55,858$13,147$69,005

Board Members and Trustees

NameTitle
Tevfik CevherogluBoard President
Ahmet AkyolDirector
Bradley SatreDirector
Constance RobinsonDirector
Hekim SeidovDirector
Hasan IrmakSchool Principal
Hasan DamarTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,555,881
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,436
Change in Net Assets
$-372,143

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,555,881
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,555,881
Total Revenue per Form 990
$1,555,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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

Audited Expense Reconciliation

Line ItemAmount
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
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Pension Outflows$566,215
Pension Liability Payable$336,022
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

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.

Form 990, Part VI, Section A, Line 8B

No committee has the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

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.

Form 990, Part VI, Section B, Line 12C

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.

Form 990, Part VI, Section B, Line 15

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.

Form 990, Part VI, Section C, Line 19

The school makes its governing documents, financial statements, and conflict of interest policy available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Horizon Science Academy Twin Cities
EIN
82-2453248
Phone
6127125252
Address
7735 2ND AVENUE SOUTH, RICHFIELD, MN 55423

Signing Officer

Name
Stephen West
Title
Executive Director
Phone
6127125252
Signed
2024-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen West
Formed
2017
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
19
Volunteers
7

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Ann Neil
Phone
6123764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in pension liablity -89,347. Capital outlay -285,506. Principal payments - capital leases 189,963.

Raw XML AppendixShowing 400 of 412 raw XML fields

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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0162607
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0272885
IRS990/AccountsReceivableGrp/BOYAmt0211648
IRS990/AccountsReceivableGrp/EOYAmt0144837
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PUBLIC CHARTER SCHOOL THAT PROVIDES ITS STUDENTS WITH AN INNOVATIVE WORLD-CLASS EDUCATION.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt014168
IRS990/AdvertisingGrp/TotalAmt014168
IRS990/AllOtherContributionsAmt01436
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0HASAN DAMAR
IRS990/BooksInCareOfDetail/PhoneNum03176524801
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01336 BASSWOOD RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0SCHAUMBURG
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060173
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0-709021
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0-1266054
IRS990/CashNonInterestBearingGrp/BOYAmt0130960
IRS990/CashNonInterestBearingGrp/EOYAmt0175956
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt05208
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt05208
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt010416
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01392
IRS990/ConferencesMeetingsGrp/TotalAmt01392
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01555881
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01149959
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-372143
IRS990/CYSalariesCompEmpBnftPaidAmt0778065
IRS990/CYTotalExpensesAmt01928024
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01555881
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt040050
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0HORIZON 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/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt019
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01689947
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt014340
IRS990/FeesForServicesLegalGrp/TotalAmt014340
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt034215
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0149558
IRS990/FeesForServicesOtherGrp/TotalAmt0183773
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt610.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt78.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt613147
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0TEVFIK CEVHEROGLU
IRS990/Form990PartVIISectionAGrp/PersonNm1CONSTANCE ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm2AHMET AKYOL
IRS990/Form990PartVIISectionAGrp/PersonNm3BRADLEY SATRE
IRS990/Form990PartVIISectionAGrp/PersonNm4HEKIM SEIDOV
IRS990/Form990PartVIISectionAGrp/PersonNm5HASAN IRMAK
IRS990/Form990PartVIISectionAGrp/PersonNm6JOUSEF CAMIZCI
IRS990/Form990PartVIISectionAGrp/PersonNm7HASAN DAMAR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt655858
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SCHOOL PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt01554445
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01555881
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt027043
IRS990/InsuranceGrp/TotalAmt027043
IRS990/InterestGrp/ProgramServicesAmt0114205
IRS990/InterestGrp/TotalAmt0114205
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019199
IRS990/LandBldgEquipBasisNetGrp/BOYAmt031658
IRS990/LandBldgEquipBasisNetGrp/EOYAmt051447
IRS990/LandBldgEquipCostOrOtherBssAmt070646
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0HORIZON 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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-709021
IRS990/NetAssetsOrFundBalancesEOYAmt0-1266054
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03072
IRS990/OccupancyGrp/ProgramServicesAmt0262395
IRS990/OccupancyGrp/TotalAmt0265467
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0101773
IRS990/OfficeExpensesGrp/ProgramServicesAmt0165552
IRS990/OfficeExpensesGrp/TotalAmt0267325
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0412312
IRS990/OtherAssetsTotalGrp/EOYAmt02900275
IRS990/OtherChangesInNetAssetsAmt0-184890
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt030
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt026037
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026067
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1EQUIPMENT
IRS990/OtherExpensesGrp/Desc2DUES, MEMBERSHIPS, LICE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09484
IRS990/OtherExpensesGrp/ProgramServicesAmt063900
IRS990/OtherExpensesGrp/ProgramServicesAmt131073
IRS990/OtherExpensesGrp/TotalAmt063900
IRS990/OtherExpensesGrp/TotalAmt131073
IRS990/OtherExpensesGrp/TotalAmt29484
IRS990/OtherLiabilitiesGrp/BOYAmt0461992
IRS990/OtherLiabilitiesGrp/EOYAmt0902237
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt040396
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0595403
IRS990/OtherSalariesAndWagesGrp/TotalAmt0635799
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010903
IRS990/PayrollTaxesGrp/ProgramServicesAmt043998
IRS990/PayrollTaxesGrp/TotalAmt054901
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03096
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt047786
IRS990/PensionPlanContributionsGrp/TotalAmt050882
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029000
IRS990/PrincipalOfficerNm0STEPHEN WEST
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01395483
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01008883
IRS990/PYOtherRevenueAmt045
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-206740
IRS990/PYSalariesCompEmpBnftPaidAmt0593385
IRS990/PYTotalExpensesAmt01602268
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01395528
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-372143
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt051447
IRS990ScheduleD/BuildingsGrp/DepreciationAmt019199
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt070646
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01928024
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0763210
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12137065
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED PENSION OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT-TO-USE ASSETS, NET OF ACCUMULATED AMORTIZATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0336022
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1566215
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PENSION LIABILITY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED PENSION OUTFLOWS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01555881
IRS990ScheduleD/TotalBookValueLandBuildingsAmt051447
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02900275
IRS990ScheduleD/TotalExpensesPerForm990Amt01928024
IRS990ScheduleD/TotalLiabilityAmt0902237
IRS990ScheduleD/TotalRevenuePerForm990Amt01555881
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01555881
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01928024
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1THE SCHOOL RECEIVES STATE AND FEDERAL FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1NO COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE 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/ExplanationTxt4AS 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/ExplanationTxt5THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN PENSION LIABLITY -89,347. CAPITAL OUTLAY -285,506. PRINCIPAL PAYMENTS - CAPITAL LEASES 189,963.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0815578
IRS990/TotalAssetsEOYAmt03301515
IRS990/TotalAssetsGrp/BOYAmt0815578
IRS990/TotalAssetsGrp/EOYAmt03301515
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01555881
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0238077
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01689947
IRS990/TotalFunctionalExpensesGrp/TotalAmt01928024
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01524599
IRS990/TotalLiabilitiesEOYAmt04567569
IRS990/TotalLiabilitiesGrp/BOYAmt01524599
IRS990/TotalLiabilitiesGrp/EOYAmt04567569
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-709021
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1266054
IRS990/TotalOtherCompensationAmt013147
IRS990/TotalProgramServiceExpensesAmt01689947
IRS990/TotalReportableCompFromOrgAmt055858
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01555881
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0815578
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03301515
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0157789
IRS990/TravelGrp/TotalAmt0157789
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0900000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt03352397
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07735 2ND AVENUE SOUTH
IRS990/USAddress/CityNm0RICHFIELD
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055423
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.HORIZONTWINCITIES.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN WEST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06127125252
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HORIZON SCIENCE ACADEMY TWIN CITIES
ReturnHeader/Filer/BusinessNameControlTxt0HORI
ReturnHeader/Filer/EIN0822453248
ReturnHeader/Filer/PhoneNum06127125252
ReturnHeader/Filer/USAddress/AddressLine1Txt07735 2ND AVENUE SOUTH
ReturnHeader/Filer/USAddress/CityNm0RICHFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055423
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 S 6TH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings