Horizon Education Centers
- Assets
- $18.0m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 0
- Location
- North Olmsted, OH
- Founding
- 12/1979
- Data as of
- 12/2021
- EIN
- 34-1267458
Organization Overview
Horizon Education Centers is located in North Olmsted, OH. The organization was established in 1979. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizon Education Centers 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, Horizon Education Centers generated $15.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $14.0m during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE QUALITY CHILDCARE AND EDUCATION OPPORTUNITIES FOR CHILDREN AND THEIR FAMILIES IN OUR COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDCARE AND EARLY EDUCATION, AFTERSCHOOL EDUCATIONAL ASSISTANCE FOR MIDDLE SCHOOL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Lamb Trustee | Trustee | 0 | $0 |
Brendan Mackin Trustee | Trustee | 0 | $0 |
Bret Fisher Trustee | Trustee | 0 | $0 |
Dave Kenney Trustee | Trustee | 0 | $0 |
Laura Reinhard Trustee | Trustee | 0 | $0 |
Thomas Herbster Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,667,690 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,807,612 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,475,302 |
| Total Program Service Revenue | $8,125,443 |
| Investment income | $3,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $55,685 |
| Net Gain/Loss on Asset Sales | $850 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,661,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,309,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $402,653 |
| Payroll taxes | $626,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,612 |
| Advertising and promotion | $293,307 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $751,246 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $352,450 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $542,488 |
| Insurance | $93,620 |
| All other expenses | $601,274 |
| Total functional expenses | $14,031,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,749,382 |
| Savings and temporary cash investments | $124,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,881,311 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,693 |
| Prepaid expenses and deferred charges | $241,616 |
| Net Land, buildings, and equipment | $12,826,181 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $180,112 |
| Total assets | $18,012,561 |
| Accounts payable and accrued expenses | $801,841 |
| Grants payable | $0 |
| Deferred revenue | $114,695 |
| Tax-exempt bond liabilities | $6,609,104 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $663,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,276,248 |
| Total liabilities | $9,465,708 |
| Net assets without donor restrictions | $8,538,927 |
| Net assets with donor restrictions | $7,926 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,012,561 |