Horizon Science Academy Elementary School
- Assets
- $14.9m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 55
- Location
- Columbus, OH
- Founding
- 04/2009
- Data as of
- 06/2022
- EIN
- 26-2061654
Organization Overview
Horizon Science Academy Elementary School is located in Columbus, OH. The organization was established in 2009. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Horizon Science Academy Elementary School employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizon Science Academy Elementary School 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 Elementary School generated $8.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 7.1% per year over the past 5 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 ELEMENTARY SCHOOL IS A PUBLIC CHARTER SCHOOL THAT IS SERVING GRADES K THROUGH 5 FOR CHILDREN IN COLUMBUS, OHIO. THE SCHOOL IS A COLLEGE PREP SCHOOL FOCUSING ON MATH, SCIENCE AND TECHNOLOGY EDUCATION. THE SCHOOL ENROLLED 518 STUDENTS IN 2017-2018.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES TO STUDENTS K THROUGH 5 GRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Shoaf Principal | OfficerTrustee | 40 | $98,000 |
Nancy Calvary Board Member | Trustee | $0 | |
David W Ditmars Board Member | Trustee | $0 | |
Michael Pratt President | OfficerTrustee | $0 | |
Rehan Safak Board Member | Trustee | $0 | |
Natenon Tongtae Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,576,394 |
| 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 | $7,576,394 |
| Total Program Service Revenue | $430,243 |
| Investment income | $75,936 |
| 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 | $8,082,573 |
| 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. | $98,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,250,953 |
| Pension plan accruals and contributions | -$64,041 |
| Other employee benefits | $308,095 |
| Payroll taxes | $43,100 |
| Fees for services: Management | $802,822 |
| Fees for services: Legal | $15,576 |
| Fees for services: Accounting | $9,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,445 |
| Office expenses | $17,570 |
| Information technology | $1,500 |
| Royalties | $0 |
| Occupancy | $272,165 |
| Travel | $31,470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $201,036 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $354,592 |
| Insurance | $13,386 |
| All other expenses | $84,106 |
| Total functional expenses | $6,394,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,061,116 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $486,195 |
| Accounts receivable, net | $85,276 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,412,073 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,143,156 |
| Net Land, buildings, and equipment | $7,666,397 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,766 |
| Total assets | $14,859,979 |
| Accounts payable and accrued expenses | $626,951 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,887,097 |
| Other liabilities | $7,533,857 |
| Total liabilities | $12,047,905 |
| Net assets without donor restrictions | $2,812,074 |
| 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 | $14,859,979 |