Skip to content
Nonprofiteer
← HORIZON EDUCATIONAL SERVICES INC

Form 990 for tax year 2023

Filed by HORIZON EDUCATIONAL SERVICES INC.

Totals

Total revenue
$5,121,726
Total expenses
$4,629,923
Contributions and grants received
$4,452,048
Grants paid
$0
Program service revenue
$0
Investment income
$3,972
Other revenue
$665,706
Total assets, end of year
$7,640,917
Total liabilities, end of year
$5,001,288
Net assets or fund balances, end of year
$2,639,629
Program services expenses (Part IX)
$4,629,923
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,629,923

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $4,452,048

  • 3 · Investment income

    total $3,972 · related or exempt $3,972

  • 11a · Other revenue: Other Revenues

    total $665,706 · related or exempt $665,706

  • 11e · Other revenue, total

    $665,706

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $75,566 · program services $75,566

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,212,135 · program services $2,212,135

  • 8 · Pension plan contributions

    total $321,877 · program services $321,877

  • 9 · Other employee benefits

    total $56,456 · program services $56,456

  • 10 · Payroll taxes

    total $175,009 · program services $175,009

  • 11a · Fees: management

    total $822,362 · program services $822,362

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $52,339 · program services $52,339

  • 12 · Advertising and promotion

    total $18,559 · program services $18,559

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $186,030 · program services $186,030

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $75,691 · program services $75,691

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $26,908 · program services $26,908

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $227,116 · program services $227,116

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Contract Food Service

    total $112,260 · program services $112,260

  • 24b · Other expenses: Miscellaneous

    total $121,067 · program services $121,067

  • 24e · All other expenses

    total $146,548 · program services $146,548

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,783,014 · end of year $2,553,041

  • 3 · Pledges and grants receivable

    beginning of year $296,462 · end of year $207,942

  • 4 · Accounts receivable

    beginning of year $52,742 · end of year $3,889

  • 7 · Other notes and loans receivable

    beginning of year $176,028

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,337,761 · end of year $1,158,417

  • 10a · Land, buildings and equipment: cost or other basis

    $3,849,431

  • 10b · Land, buildings and equipment: accumulated depreciation

    $428,073

  • 10c · Land, buildings and equipment, net

    beginning of year $3,598,907 · end of year $3,421,358

  • 15 · Other assets

    beginning of year $380,538 · end of year $296,270

  • 17 · Accounts payable and accrued expenses

    beginning of year $242,691 · end of year $83,517

  • 18 · Grants payable

    beginning of year $76,958 · end of year $211,025

  • 19 · Deferred revenue

    beginning of year $1,392,842 · end of year $823,097

  • 24 · Unsecured notes and loans payable

    beginning of year $4,000

  • 25 · Other liabilities

    beginning of year $3,761,135 · end of year $3,883,649

  • 27 · Net assets without donor restrictions

    beginning of year $2,072,482 · end of year $2,343,359

  • 28 · Net assets with donor restrictions

    beginning of year $75,344 · end of year $296,270

Mission and programs · 2023

Mission

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

  • Instructional services to students 9 through 12 grades

    Expenses $4,629,923 · Revenue $4,452,048

As filed on the 2023 return.

Listed in Part VII

  • Megan McKinley-Nagelski

    School Principal

    Total calculated
    $75,566
    From this org
    $75,566
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Abdullah Kayretli

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mustafa Arslan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Marie Bonilla

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Donald Malloy

    Board President

    Total calculated
    $0
    Hours/week
    1

  • Robert Hassan

    Board Member

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 May 2025
IRS schema version
2023v6.0
Source object
202521329349304902

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.