2025-03-07T03:37:03-00:00 2024-06-30 753125446 THOMAS & COMPANY CPA PA 9710 STIRLING RD STE 101 COOPER CITY FL 33024 990 2023-07-01 822453248 HORIZON SCIENCE ACADEMY TWIN CITIES HORI 6127125252 7735 2ND AVENUE SOUTH RICHFIELD MN 55423 STEPHEN WEST SUPERINTENDENT 6127125252 2025-03-07 true ROBY J THOMAS P02147175 9544357272 2025-03-07 2023 2025-03-06 01:10:19Z STEPHEN WEST 7735 2ND AVENUE SOUTH RICHFIELD MN 55423 4540746 false X WWW.HORIZONTWINCITIES.ORG 2017 MN PUBLIC CHARTER SCHOOL THAT PROVIDES ITS STUDENTS WITH AN INNOVATIVE WORLD-CLASS EDUCATION. 6 6 32 0 1574124 2640746 0 0 1900000 1574124 4540746 0 0 1020626 1606087 0 0 1336003 1567734 2356629 3173821 -782505 1366925 3010600 2539709 5059159 3221343 -2048559 -681634 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 GLOBA false false 2856439 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. 2856439 true false false false false false false false false false false false false true true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 32 true false false false false false false false false false false false false X 6 6 false true false false false false false true false false false true true true true true false true true false MN X HASAN DAMAR 3176524801 1336 BASSWOOD RD SCHAUMBURG MN 60173 BRADLEY SATRE BOARD MEMBER 040.00 X 40095 0 0 JEANETTA Y COOPER PRINCIPAL 040.00 X 31461 0 0 SAFIYO ALI BOARD MEMBER 001.00 X 0 0 0 TEVFIK CEVHEROGLU BOARD CHAIR 001.00 X 0 0 0 AHMET AKYOL BOARD MEMBER 001.00 X 0 0 0 MONIQUE BALKEY BOARD MEMBER 001.00 X 0 0 0 HEKIM SEIDOV BOARD MEMBER 001.00 X 0 0 0 STEPHEN WEST EXECUTIVE DIRECTOR 010.00 X 0 0 0 HASAN DAMAR TREASURER 008.00 X 0 0 0 71556 false false false 2196811 443935 2640746 1900000 1900000 4540746 0 0 0 0 0 0 1159898 1043908 115990 173660 156294 17366 272529 245276 27253 0 0 39118 35206 3912 0 0 0 0 71826 64643 7183 0 39928 35935 3993 0 0 371092 333983 37109 0 0 97741 87967 9774 0 358802 322922 35880 22335 20102 2233 DUES AND SUBSCRIPTIONS 21204 19084 2120 FOOD EXPENSES 210224 189202 21022 SCHOOL SUPPLIES MATERIALS 40089 36080 4009 SITES BUILDINGS 145561 131005 14556 149814 134832 14982 3173821 2856439 317382 0 390632 101427 2619968 2438282 3010600 2539709 463266 268664 132613 3570363 892917 2952679 5059159 3221343 X -3917647 1869088 -200225 -481409 -2048559 -681634 3010600 2539709 1366925 X X false true X true false X false Financial derivatives and other financial products Closely-held equity interests CAPITAL AND RIGHT-TO-USE ASSETS, NET 1746557 DEFERRED PENSION OUTFLOWS 691725 2438282 Federal income taxes PENSION LIABILITY PAYABLE 872465 DEFERRED PENSION OUTFLOWS 122006 BANK OVERDRAFT 11426 LEASE LIABILITY 1946782 2952679 4540746 4540746 4540746 3173821 3173821 3173821 true true true true true true true false false false false false false false false true false true 6a EXPLANATION OF GOVERNMENT FINANCIAL AID 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. Form 990, Part VI, Section A, Line 3 THE SCHOOLS 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 2023-24 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 XII, Line 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNT HAS NOT CHANGED FROM THE PRIOR YEAR.