Horizon Science Academy-Denison
- Assets
- $5.4m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 29
- Location
- Cleveland, OH
- Founding
- 05/2008
- Data as of
- 06/2022
- EIN
- 20-2003228
Organization Overview
Horizon Science Academy-Denison is located in Cleveland, OH. The organization was established in 2008. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Horizon Science Academy-Denison employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizon Science Academy-Denison is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Horizon Science Academy-Denison generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HORIZON SCIENCE ACADEMY DENISON MIDDLE SCHOOL IS A PUBLIC CHARTER SCHOOL SERVING GRADES K THROUGH 8 FOR CHILDREN IN CLEVELAND, OH. THE SCHOOL IS A COLLEGE PREP SCHOOL FOCUSING ON MATH, SCIENCE AND TECHNOLOGY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES TO STUDENTS K THROUGH 8 GRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel B Akben School Principal | Officer | 40 | $96,882 |
Abdullah Kayretli Board Member | Trustee | 1 | $0 |
Mustafa Arslan Board Member | Trustee | 1 | $0 |
Marie Bonilla Board Member | Trustee | 1 | $0 |
Donald Malloy Board President | Trustee | 1 | $0 |
Robert Hasan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,723,107 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,723,107 |
| Total Program Service Revenue | $39,265 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,762,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,882 |
| Compensation of current officers, directors, key employees. | $96,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,392,628 |
| Pension plan accruals and contributions | -$227,012 |
| Other employee benefits | $0 |
| Payroll taxes | $113,948 |
| Fees for services: Management | $609,511 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,398 |
| Advertising and promotion | $44,717 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,668 |
| Travel | $9,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,550 |
| Interest | $64,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $473,114 |
| Insurance | $0 |
| All other expenses | $101,470 |
| Total functional expenses | $3,077,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,990,981 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $108,661 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $728,421 |
| Net Land, buildings, and equipment | $1,350,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $187,195 |
| Total assets | $5,365,303 |
| Accounts payable and accrued expenses | $216,231 |
| Grants payable | $0 |
| Deferred revenue | $1,686,786 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,409,541 |
| Total liabilities | $4,312,558 |
| Net assets without donor restrictions | $1,052,745 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,365,303 |
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