Form 990 for tax year 2022
Filed by HORIZON EDUCATIONAL SERVICES INC.
Totals
- Total revenue
- $7,018,028
- Total expenses
- $4,948,814
- Contributions and grants received
- $6,492,900
- Grants paid
- $0
- Program service revenue
- $519,700
- Investment income
- $3,243
- Other revenue
- $2,185
- Total assets, end of year
- $7,625,452
- Total liabilities, end of year
- $5,477,626
- Net assets or fund balances, end of year
- $2,147,826
- Program services expenses (Part IX)
- $4,948,814
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,948,814
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)
$6,492,900
-
2a · Program service revenue: Other Revenues
total $519,700 · related or exempt $519,700
-
3 · Investment income
total $3,243 · related or exempt $3,243
-
11a · Other revenue: Other Revenues
total $2,185 · related or exempt $2,185
-
11e · Other revenue, total
$2,185
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 $99,945 · program services $99,945
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,226,405 · program services $2,226,405
-
8 · Pension plan contributions
total $324,036 · program services $324,036
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $178,669 · program services $178,669
-
11a · Fees: management
total $889,895 · program services $889,895
-
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 $0
-
12 · Advertising and promotion
total $13,987 · program services $13,987
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $182,657 · program services $182,657
-
17 · Travel
total $82,140 · program services $82,140
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $15,792 · program services $15,792
-
20 · Interest
total $5,699 · program services $5,699
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $562,934 · program services $562,934
-
23 · Insurance
total $0
-
24a · Other expenses: Contract Food Service
total $83,094 · program services $83,094
-
24b · Other expenses: Other Services
total $40,099 · program services $40,099
-
24c · Other expenses: Material and Supplies
total $127,353 · program services $127,353
-
24d · Other expenses: Miscellaneous
total $116,109 · program services $116,109
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,298,815 · end of year $1,783,014
-
3 · Pledges and grants receivable
beginning of year $188,354 · end of year $296,462
-
4 · Accounts receivable
beginning of year $10,470 · end of year $52,742
-
7 · Other notes and loans receivable
end of year $176,028
-
9 · Prepaid expenses and deferred charges
beginning of year $958,639 · end of year $1,337,761
-
10a · Land, buildings and equipment: cost or other basis
$4,010,857
-
10b · Land, buildings and equipment: accumulated depreciation
$411,950
-
10c · Land, buildings and equipment, net
beginning of year $829,884 · end of year $3,598,907
-
15 · Other assets
beginning of year $275,550 · end of year $380,538
-
17 · Accounts payable and accrued expenses
beginning of year $397,085 · end of year $242,691
-
18 · Grants payable
end of year $76,958
-
19 · Deferred revenue
beginning of year $2,607,781 · end of year $1,392,842
-
24 · Unsecured notes and loans payable
end of year $4,000
-
25 · Other liabilities
beginning of year $2,478,234 · end of year $3,761,135
-
27 · Net assets without donor restrictions
beginning of year $78,612 · end of year $2,072,482
-
28 · Net assets with donor restrictions
end of year $75,344
Mission and programs · 2022
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 $4,948,814 · Revenue $6,492,900
As filed on the 2022 return.
Listed in Part VII
-
Aydin KaraAYDIN KARA
School Principal
- Total calculated
- $99,945
- From this org
- $99,945
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Abdullah KayretliABDULLAH KAYRETLI
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mustafa ArslanMUSTAFA ARSLAN
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Marie BonillaMARIE BONILLA
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Donald MalloyDONALD MALLOY
Board President
- Total calculated
- $0
- Hours/week
- 1
-
Robert HassanROBERT 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
- 2022
- Filed
- 2 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430939349301258
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