2024-02-01T17:31:32-06:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2021-07-01 822453248 HORIZON SCIENCE ACADEMY TWIN CITIES HORI 6127125252 7735 2ND AVENUE SOUTH RICHFIELD MN 55423 STEPHEN WEST EXECUTIVE DIRECTOR 6127125252 2024-02-01 1 STEPHEN WEST 999009999 ANN NEIL P01817922 6123764500 2024-01-04 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z STEPHEN WEST 7735 2ND AVENUE SOUTH RICHFIELD MN 55423 1555881 0 X WWW.HORIZONTWINCITIES.ORG X 2017 MN PUBLIC CHARTER SCHOOL THAT PROVIDES ITS STUDENTS WITH AN INNOVATIVE WORLD-CLASS EDUCATION. 5 5 19 7 0 0 1395483 1555881 0 0 0 0 45 0 1395528 1555881 0 0 0 0 593385 778065 0 0 0 1008883 1149959 1602268 1928024 -206740 -372143 815578 3301515 1524599 4567569 -709021 -1266054 X 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. 0 0 1689947 0 0 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. 1689947 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 1 0 MN X HASAN DAMAR 3176524801 1336 BASSWOOD RD SCHAUMBURG IL 60173 TEVFIK CEVHEROGLU BOARD PRESIDENT 1.00 X 0 0 0 CONSTANCE ROBINSON DIRECTOR 1.00 X 0 0 0 AHMET AKYOL DIRECTOR 1.00 X 0 0 0 BRADLEY SATRE DIRECTOR 1.00 X 0 0 0 HEKIM SEIDOV DIRECTOR 1.00 X 0 0 0 HASAN IRMAK SCHOOL PRINCIPAL 40.00 X 0 0 0 JOUSEF CAMIZCI EXECUTIVE DIRECTOR 10.00 X 55858 0 13147 HASAN DAMAR TREASURER 8.00 X 0 0 0 55858 0 13147 0 0 0 0 0 1554445 1436 1555881 1555881 0 0 0 10416 5208 5208 635799 595403 40396 50882 47786 3096 26067 26037 30 54901 43998 10903 14340 14340 183773 149558 34215 14168 14168 267325 165552 101773 265467 262395 3072 157789 157789 1392 1392 114205 114205 27043 27043 REPAIRS AND MAINTENANCE 63900 63900 EQUIPMENT 31073 31073 DUES, MEMBERSHIPS, LICE 9484 9484 1928024 1689947 238077 0 130960 175956 211648 144837 29000 29000 70646 19199 31658 51447 412312 2900275 815578 3301515 162607 272885 40050 900000 3352397 461992 902237 1524599 4567569 X -709021 -1266054 0 0 0 0 -709021 -1266054 815578 3301515 X -372143 -184890 X 0 1 X 1 0 X 70646 19199 51447 51447 DEFERRED PENSION OUTFLOWS 763210 RIGHT-TO-USE ASSETS, NET OF ACCUMULATED AMORTIZATION 2137065 2900275 PENSION LIABILITY PAYABLE 336022 DEFERRED PENSION OUTFLOWS 566215 902237 1555881 0 1555881 0 1555881 1928024 0 1928024 0 1928024 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE 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. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES STATE AND FEDERAL FUNDING. 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. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABLITY -89,347. CAPITAL OUTLAY -285,506. PRINCIPAL PAYMENTS - CAPITAL LEASES 189,963.