Horizon Foundation Inc
- Assets
- $25.0m
- Revenue
- $2.1m
- Investments
- $23.8m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 12/1996
- Data as of
- 06/2022
- EIN
- 23-2867116
Organization Overview
Horizon Foundation Inc is located in Portland, ME. The organization was established in 1996. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizon Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Horizon Foundation Inc generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Horizon Foundation Inc has awarded 187 individual grants totaling $2,425,152. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander K Buck III Trustee | 1 | $0 | |
Norman Harrison Buck Chairman | 2 | $0 | |
Anne E Buck Secretary | 1 | $0 | |
Nancy B Buck Trustee | 1 | $0 | |
Caroline Buck Ogden Trustee | 1 | $0 | |
Mallory N Buck Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,055 |
| Dividends & Interest | $436,226 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,663,820 |
| Capital Gain Net Income | $1,663,820 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $452 |
| Total Revenue | $2,103,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,640 |
| Other employee salaries and wages | $50,433 |
| Pension plans, employee benefits | $8,725 |
| Interest | $0 |
| Taxes | $64,696 |
| Depreciation | $4,123 |
| Occupancy | $836 |
| Travel, conferences, and meetings | $277 |
| Printing and publications | $0 |
| Other expenses | $10,216 |
| Total operating and administrative expenses | $261,023 |
| Contributions, gifts, grants paid | $1,290,152 |
| Total expenses and disbursements | $1,551,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,754 |
| Savings and temporary cash investments | $1,085,209 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,169,200 |
| Net Land, buildings, and equipment | $3,457 |
| Other assets | $0 |
| Total assets | $24,987,883 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Horizon Foundation Inc has awarded $1,290,152 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
THE COMMUNITY LIBRARY PURPOSE: GENERAL SUPPORT | $25,000 |
FULL PLATES FULL POTENTIAL PURPOSE: GENERAL SUPPORT | $20,000 |
West Barnstable, MA PURPOSE: GENERAL SUPPORT | $20,000 |
Dennis, MA PURPOSE: GENERAL SUPPORT | $20,000 |
Ketchum, ID PURPOSE: GENERAL SUPPORT | $20,000 |
HUMAN SERVICES COUNCIL INC PURPOSE: GENERAL SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wolfes Neck Farm Foundation Inc Freeport, ME | $12,188,100 | $5,656,149 |
Francis T & Louise T Nichols Foundation Bangor, ME | $18,153,366 | $3,236,435 |
Horizon Foundation Inc Portland, ME | $24,987,883 | $2,103,553 |
Burns Family Foundation Inc Damariscotta, ME | $7,389,840 | $428,121 |
Information Technology Exchange Searsport, ME | $1,439,216 | $1,322,404 |
Positive Tracks Inc Hanover, NH | $788,895 | $936,477 |
Land Conservation Assistance Network Yarmouth, ME | $35,022 | $631,077 |
Krempels Center Portsmouth, NH | $1,041,013 | $734,120 |
Watermans Community Center North Haven, ME | $3,096,274 | $570,258 |
Charitable Division Of The Rotary Club Of Portsmouth New Hampshire Portsmouth, NH | $3,205,504 | $502,112 |
Islesboro Islands Trust Islesboro, ME | $4,486,881 | $831,070 |
Hine Corporation Scarborough, ME | $1,274,954 | $334,482 |