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Horizon Science Academy Cincinnati

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (B29) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$4.1M (2023)

Expenses
$3.65M (2023)

Total Assets
$3.14M (2023)

Total Liabilities
$3.96M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,096,058
Expenses
$3,652,431
Net Income
$443,627
Net Assets
-$823,375
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,085,529
99.7%
Program Services $10,529
0.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $77,928
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,517,691
41.6%
Assets/Debt
Total Assets $3,138,143
Total Liabilities $3,961,518
Net Assets -$823,375
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Abdurrahman Akkurek (School Princ) $77,928 $0 $0
Davit Ditmars (Board Member) $0 $0 $0
Ziya Kara (Board Member) $0 $0 $0
Yalcin Karatas (Board Member) $0 $0 $0
Dr Savas Kaya (President) $0 $0 $0
Aysegul King (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,867,437
Expenses
$2,496,850
Net Income
$370,587
Net Assets
-$1,267,002
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,859,895
99.7%
Program Services $7,542
0.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $65,000
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,087,614
43.6%
Assets/Debt
Total Assets $2,931,209
Total Liabilities $4,198,211
Net Assets -$1,267,002
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Akkurek (School Princ) $65,000 $0 $0
Ziya Kara (Board Member) $0 $0 $0
Yalcin Karatas (Board Member) $0 $0 $0
Dr Savas Kaya (President) $0 $0 $0
Aysegul King (Board Member) $0 $0 $0
Dr Ertugrul Ozbudak (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,088,726
Expenses
$2,131,258
Net Income
$957,468
Net Assets
-$1,637,589
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,028,431
98.0%
Program Services $60,295
2.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $76,000
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $981,485
46.1%
Assets/Debt
Total Assets $1,639,274
Total Liabilities $3,276,863
Net Assets -$1,637,589
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Marie Taylor (School Princ) $76,000 $0 $0
Dr Bilal Gonen (Board Member) $0 $0 $0
Yalcin Karatas (Board Member) $0 $0 $0
Dr Savas Kaya (President) $0 $0 $0
Aysegul King (Board Member) $0 $0 $0
Dr Ertugrul Ozbudak (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,453,713
Expenses
$2,150,319
Net Income
$303,394
Net Assets
-$2,595,057
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,438,195
99.4%
Program Services $15,518
0.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $72,000
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $857,369
39.9%
Assets/Debt
Total Assets $1,153,721
Total Liabilities $3,748,778
Net Assets -$2,595,057
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Holly Cartwright (School Princ) $72,000 $0 $0
Dr Bilal Gonen (Board Member) $0 $0 $0
Yalcin Karatas (Board Member) $0 $0 $0
Dr Savas Kaya (President) $0 $0 $0
Aysegul King (Board Member) $0 $0 $0
Dr Ertugrul Ozbudak (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,634,134
Expenses
$2,015,917
Net Income
$618,217
Net Assets
-$2,898,451
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,617,750
99.4%
Program Services $16,384
0.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $81,370
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $982,248
48.7%
Assets/Debt
Total Assets $1,164,829
Total Liabilities $4,063,280
Net Assets -$2,898,451
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
John Adams (School Princ) $81,370 $0 $0
Dr Savas Kaya (President) $0 $0 $0
Aysegul King (Board Member) $0 $0 $0
Dr Bilal Gonen (Board Member) $0 $0 $0
Dr Ertugrul Ozbudak (Board Member) $0 $0 $0
Yalcin Karatas (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,276,127
Expenses
$1,503,740
Net Income
$1,772,387
Net Assets
-$3,516,668
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,158,019
96.4%
Program Services $118,108
3.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $79,000
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,206,363
80.2%
Assets/Debt
Total Assets $1,350,008
Total Liabilities $4,866,676
Net Assets -$3,516,668
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Savas Kaya (President) $0 $0 $0
Aysegul King (Board Member) $0 $0 $0
Dr Bilal Gonen (Board Member) $0 $0 $0
Dr Ertugrul Ozbudak (Board Member) $0 $0 $0
Yalcin Karatas (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,516,743
Expenses
$3,417,455
Net Income
$99,288
Net Assets
-$4,508,831
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,481,794
99.0%
Program Services $34,949
1.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $70,613
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,346,499
39.4%
Assets/Debt
Total Assets $1,141,548
Total Liabilities $5,650,379
Net Assets -$4,508,831

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,638,776
Expenses
$3,620,866
Net Income
$17,910
Net Assets
-$4,608,119
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,547,202
97.5%
Program Services $91,574
2.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $74,450
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,382,495
38.2%
Assets/Debt
Total Assets $812,245
Total Liabilities $5,420,364
Net Assets -$4,608,119

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,180,349
Expenses
$4,033,119
Net Income
$147,230
Net Assets
-$4,626,029
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,087,149
97.8%
Program Services $93,200
2.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $78,550
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,766,281
43.8%
Assets/Debt
Total Assets $689,814
Total Liabilities $5,315,843
Net Assets -$4,626,029

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,329,866
Expenses
$4,357,472
Net Income
-$27,606
Net Assets
$132,704
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,313,474
99.6%
Program Services $16,392
0.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $70,000
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,788,496
41.0%
Assets/Debt
Total Assets $906,799
Total Liabilities $774,095
Net Assets $132,704

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,090,142
Expenses
$3,915,379
Net Income
$174,763
Net Assets
$160,311
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,076,200
99.7%
Program Services $13,942
0.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $71,029
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,678,522
42.9%
Assets/Debt
Total Assets $499,908
Total Liabilities $339,597
Net Assets $160,311

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,334,873
Expenses
$3,388,348
Net Income
-$53,475
Net Assets
-$14,452
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,315,453
99.4%
Program Services $19,420
0.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $54,153
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,493,739
44.1%
Assets/Debt
Total Assets $285,002
Total Liabilities $299,454
Net Assets -$14,452

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,056,952
Expenses
$3,077,521
Net Income
-$20,569
Net Assets
$39,023
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,028,675
99.1%
Program Services $28,277
0.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $56,150
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,317,521
42.8%
Assets/Debt
Total Assets $385,051
Total Liabilities $346,028
Net Assets $39,023

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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