TY 2021 Form 990 Schedule O

efile Public Visual Render ObjectId: 202311039349301511 - Submission: 2023-04-13 TIN: 20-2004609

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

Horizon Science Academy Springfield

Employer identification number

20-2004609

Return Reference	Explanation
Form 990, Part VI, Section A, Line 3	The School is in contract with Concept Schools Inc., an Illinois based not-for-profit organization to provide instructional, administrative and financial management. The Schools Superintendent and Treasurer are appointed and compensated by Concept Schools. Concept Schools also provide a wide range of services such as budgeting and financial oversight, School management Database, quarterly OAT/OGT Practice tests, curriculum alignment, professional development and evaluation services for teachers, etc. In return of those services, the School transfers 10 of its total revenue to the management company. Financial Reports are presented to the School Board for approval in Board Meetings. All employment and major business decisions are also subject to the School Boards approval.
Form 990, Part VI, Section B, Line 11	Form 990 is prepared by the School Treasurer and a copy is provided to the Board Members for review in the Board Meeting.
Form 990, Part VI, Section B, Line 12	The Conflict of Interest Policy is part of the Schools By-Laws. The School Board consistently reviews and discusses any issues that might be in conflict with the policy in the Board Meetings. All operations of the School is also monitored by the Schools Sponsor and annually audited by the Auditors of State.
Form 990, Part VI, Section B, Line 15	All employment decisions and compensations are discussed and approved in the Board Meetings.
Form 990, Part VI, Section C, Line 19	The Schools Annual Audit Report is published on the Auditors of States web site at http//www.ohioauditor.gov. All governing documents and the schools Conflict of Interest Policy is available to the public upon request.
Form 990, Part X, Line 25	This includes the amount of Net Pension Liability calculated according to GASB Statement No. 68 and 75.
Form 990, Part X, Line 10a-10b	At the end of fiscal year 2022, the Academy had 7,749,245 invested in intangible right-to-use leased assets, improvements, and equipment 7,112,982 net of accumulated depreciation. Due to the implementation of GASB 87, balances for fiscal year 2021 have been restated and reclassified to show the balances at June 30, 2022 and June 30, 2021.

Return Reference

Explanation

Form 990, Part VI, Section A, Line 3

The School is in contract with Concept Schools Inc., an Illinois based not-for-profit organization to provide instructional, administrative and financial management. The Schools Superintendent and Treasurer are appointed and compensated by Concept Schools. Concept Schools also provide a wide range of services such as budgeting and financial oversight, School management Database, quarterly OAT/OGT Practice tests, curriculum alignment, professional development and evaluation services for teachers, etc. In return of those services, the School transfers 10 of its total revenue to the management company. Financial Reports are presented to the School Board for approval in Board Meetings. All employment and major business decisions are also subject to the School Boards approval.

Form 990, Part VI, Section B, Line 11

Form 990 is prepared by the School Treasurer and a copy is provided to the Board Members for review in the Board Meeting.

Form 990, Part VI, Section B, Line 12

The Conflict of Interest Policy is part of the Schools By-Laws. The School Board consistently reviews and discusses any issues that might be in conflict with the policy in the Board Meetings. All operations of the School is also monitored by the Schools Sponsor and annually audited by the Auditors of State.

Form 990, Part VI, Section B, Line 15

All employment decisions and compensations are discussed and approved in the Board Meetings.

Form 990, Part VI, Section C, Line 19

The Schools Annual Audit Report is published on the Auditors of States web site at http//www.ohioauditor.gov. All governing documents and the schools Conflict of Interest Policy is available to the public upon request.

Form 990, Part X, Line 25

This includes the amount of Net Pension Liability calculated according to GASB Statement No. 68 and 75.

Form 990, Part X, Line 10a-10b

At the end of fiscal year 2022, the Academy had 7,749,245 invested in intangible right-to-use leased assets, improvements, and equipment 7,112,982 net of accumulated depreciation. Due to the implementation of GASB 87, balances for fiscal year 2021 have been restated and reclassified to show the balances at June 30, 2022 and June 30, 2021.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

Software ID:	21013554
Software Version:	21.0.5.0