2026-04-21T08:34:51-05:00 2025-06-30 753125446 THOMAS & COMPANY CPA PA 9710 STIRLING RD SUITE 101 HOLLYWOOD FL 33024 990 2024-07-01 822453248 HORIZON SCIENCE ACADEMY TWIN CITIES HORI 6127125252 7735 2ND AVENUE SOUTH RICHFIELD MN 55423 STEPHEN WEST SUPERINTENDENT 6127125252 2026-04-21 1 0 ROBY THOMAS P02147175 9544357272 2026-04-21 2024 2025-03-06 01:10:19Z HASAN DAMAR 7735 2ND AVENUE SOUTH RICHFIELD MN 55423 3411551 0 X WWW.HORIZONTWINCITIES.ORG X 2017 MN HORIZON SCIENCE ACADEMY TWIN CITIES IS A PUBLIC CHARTER SCHOOL THAT PROVIDES ITS STUDENTSWITH AN INNOVATIVE WORLD-CLASS EDUCATION, RICH IN MATH, SCIENCE, AND TECHNOLOGY FOCUSED ONPREPARING 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 6 6 42 0 0 0 2640746 3411551 0 0 0 0 1900000 0 4540746 3411551 0 0 0 0 1606087 1651376 0 0 0 1567734 1807006 3173821 3458382 1366925 -46831 2539709 2368478 3221343 3096943 -681634 -728465 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 3112544 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. 3112544 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 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 0 0 1 42 1 0 0 0 0 0 0 0 0 0 0 X 6 6 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 MN 60173 TEVFIK CEVHEROGLU BOARD CHAIR 1.00 X 0 0 0 BRADLEY SATRE BOARD MEMBER 40.00 X 39465 0 0 AHMET AKYOL BOARD MEMBER 1.00 X 0 0 0 BABAJAN HOJAMMAYEV BOARD MEMBER 40.00 X 43722 0 0 HEKIM SEIDOV BOARD MEMBER 1.00 X 0 0 0 STEPHEN WEST EXECUTIVE DIRECTOR 40.00 X 0 0 0 HASAN DAMAR TREASURER 8.00 X 0 0 0 83187 0 0 0 0 0 0 0 3035339 376212 3411551 3411551 0 0 0 1097001 987301 109700 314522 283070 31452 239853 215868 23985 17590 15831 1759 27957 25161 2796 619900 557910 61990 75724 68152 7572 380556 342500 38056 30505 27455 3050 FOOD EXPENSES 205994 185394 20600 SITES & BUILDINGS 138288 124459 13829 SCHOOL SUPPLIES & MATER 39616 35654 3962 DUES AND SUBSCRIPTIONS 26684 24016 2668 244192 219773 24419 3458382 3112544 345838 0 197681 101427 75713 11982 2438282 2083102 2539709 2368478 268664 214145 48273 2952679 2834525 3221343 3096943 X 0 0 -200225 -133691 -481409 -594774 -681634 -728465 2539709 2368478 -46831 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 CAPITAL AND RIGHT-TO-USE ASSETS, NET 1474770 DEFERRED PENSION OUTFLOWS 608332 2083102 PENSION LIABILITY PAYABLE 880277 LEASE LIABILITY 1608461 DEFERRED PENSION OUTFLOWS 345787 2834525 3411551 0 3411551 0 3411551 3458382 0 3458382 0 3458382 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. FORM 990, PART VI, SECTION A, LINE 3 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 2024-25 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.