Horizons For Youth
- Assets
- $2.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Chicago, IL
- Founding
- 11/1992
- Data as of
- 06/2022
- EIN
- 36-3796784
Organization Overview
Horizons For Youth is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Horizons For Youth employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizons For Youth 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, Horizons For Youth generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENABLE YOUTH FROM LOW-RESOURCE AREAS TO BECOME THE FIRST IN THEIR FAMILIES TO GRADUATE FROM COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HORIZONS FOR YOUTH IS A COMMUNITY COMMITTED TO HELPING CHILDREN RECOGNIZE AND ACHIEVE THEIR FULL POTENTIAL. IN PARTNERSHIP WITH DEDICATED FAMILIES, WE PROVIDE NEED-BASED TUITION SCHOLARSHIPS, ONE-ON-ONE MENTORING, AND ENRICHMENT OUTINGS. HORIZONS ALSO PROVIDES ONE TO ONE MENTORING AND TUTORING, SUMMER ACADEMIC PROGRAMS, HIGH SCHOOL & COLLEGE PREPARATION, COLLEGE & FINANCIAL AID APPLICATION ASSISTANCE, YEAR-ROUND ACADEMIC MONITORING AND SUPPORT AT THE ELEMENTARY, HIGH SCHOOL, AND COLLEGE LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Borkowski Secretary (admin) And Executive Director | OfficerTrustee | 40 | $171,923 |
Meghan Colgan Chief Of Staff | 40 | $112,327 | |
Jeff Wright Chair | OfficerTrustee | 1 | $0 |
John Skakun Vice Chair And Co-Treasurer | OfficerTrustee | 1 | $0 |
Anne Carey Secretary (operational) | OfficerTrustee | 1 | $0 |
Chris Romans Co-Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $278,462 |
| Related organizations | $0 |
| Government grants | $280,567 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,022,891 |
| Noncash contributions included in lines 1a–1f | $117,894 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,581,920 |
| Total Program Service Revenue | $0 |
| Investment income | $11,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,593,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $751,769 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $202,440 |
| Compensation of current officers, directors, key employees. | $30,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $822,860 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,925 |
| Payroll taxes | $88,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,106 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,656 |
| Advertising and promotion | $25,223 |
| Office expenses | $59,779 |
| Information technology | $37,278 |
| Royalties | $0 |
| Occupancy | $46,743 |
| Travel | $1,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,851 |
| Insurance | $9,052 |
| All other expenses | $0 |
| Total functional expenses | $2,495,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $803,299 |
| Savings and temporary cash investments | $293,834 |
| Pledges and grants receivable | $772,838 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,826 |
| Net Land, buildings, and equipment | $4,640 |
| Investments—publicly traded securities | $1,040,616 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,942,053 |
| Accounts payable and accrued expenses | $79,932 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $79,932 |
| Net assets without donor restrictions | $1,121,434 |
| Net assets with donor restrictions | $1,740,687 |
| 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 | $2,942,053 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Horizons For Youth has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Simons Family Foundation Glenview, IL PURPOSE: YOUTH SOCIAL SERVICES | $5,000 |
Endowment Analysis
| Beg. Balance | $1,220,108 |
| Earnings | -$139,421 |
| Net Contributions | $80,000 |
| Other Expense | -$40,000 |
| Ending Balance | $1,200,687 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Jag Inc Des Moines, IA | $8,216,251 | $8,843,429 |
Braven Incorporated Chicago, IL | $18,157,055 | $13,085,158 |
Gary Comer Youth Center Chicago, IL | $1,153,650 | $6,433,696 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
Bernies Book Bank Lake Bluff, IL | $3,547,957 | $4,899,035 |
Kingdom House St Louis, MO | $3,626,338 | $5,069,438 |
Gateway Woods Family Services Inc Leo, IN | $1,086,644 | $4,316,744 |
Fishers Soccer Club Inc Noblesville, IN | $3,814,503 | $3,510,504 |
Embarc Inc Chicago, IL | $4,540,107 | $3,839,352 |
A Million Stars Inc St Louis, MO | $6,740,657 | $2,484,208 |
Horizons For Youth Chicago, IL | $2,942,053 | $2,593,417 |