Michael E Horn Family Foundation Inc is located in Owensboro, KY. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Michael E Horn Family 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 12/2021, Michael E Horn Family Foundation Inc generated $917.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $765.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kathryn R Crowe Director | 40 | $57,200 | |
Kayla Horn Walker Director | 20 | $37,622 | |
Michael E Horn Director | 10 | $0 | |
Michael Andrew Horn Director | 10 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $347,653 |
Interest on Savings | $0 |
Dividends & Interest | $249,087 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $320,226 |
Capital Gain Net Income | $320,226 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $916,966 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $94,822 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $12,523 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $34,658 |
Total operating and administrative expenses | $211,534 |
Contributions, gifts, grants paid | $554,000 |
Total expenses and disbursements | $765,534 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $62,987 |
Savings and temporary cash investments | $617,317 |
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 | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $1,122,497 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $10,034,233 |
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 |
Over the last fiscal year, Michael E Horn Family Foundation Inc has awarded $554,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
GRANT ALLOCATIONS (SEE ATTACHED) PURPOSE: SEE ATTACHED | $525,000 |
SCHOLARSHIPS (SEE ATTACHED) PURPOSE: SEE ATTACHED | $29,000 |
Organization Name | Assets | Revenue |
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Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |