Horizon Education Network
- Assets
- $883.3k
- Revenue
- $173.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-5286636
Organization Overview
Horizon Education Network is located in Grand Rapids, MI. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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 Network 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 12/2023, Horizon Education Network generated $173.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $124.6k during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE PARTNER WITH THEOLOGICAL SCHOOLS AROUND THE WORLD TO EQUIP MINISTRY LEADERS THROUGH ONLINE LEARNING AND DIGITAL RESOURCE DEVELOPMENT IN THEIR OWN LANGUAGE AND CULTURE FOR GLOBAL SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HORIZON SERVES AS A FACILITATOR AND EDUCATIONAL RESOURCE PROVIDER FOR 41 EDUCATION PARTNERS LOCATED IN 27 COUNTRIES, IMPACTING OVER 7,000 FACULTY, STAFF, AND STUDENTS IN 8 LANGUAGES AND 97 COUNTRIES. IN 2023, HORIZON FACILITATED 9 PROFESSIONAL DEVELOPMENT COURSES, PROVIDED OVER 700 HOURS OF REMOTE ONLINE TRAINING AND CONSULTATION WITH 41 PARTNERS. HORIZON WAS ALSO ABLE TO TRAVEL AND CONSULT WITH PARTNERS IN MONGOLIA, WEST, EAST AND SOUTHERN AFRICA, GUATEMALA, THE PHILIPPINES, BRAZIL, THE MIDDLE EAST AND CENTRAL ASIA.THESE PROGRAM SERVICES WERE ACCOMPLISHED LARGELY THROUGH VOLUNTEER SERVICES BY MISSIONARIES SECONDED AND PAID FROM OTHER NONPROFIT MISSION ORGANIZATIONS. THE ESTIMATED VALUE OF THESE SERVICES IN 2023 WAS $158,819.
HORIZON NEARLY DOUBLED THE NUMBER OF TOTAL COURSE PROJECTS WORKED ON THIS YEAR. MAJOR REVISIONS WERE COMPLETED IN 26 COURSES IN 4 LANGUAGES AND MINOR REVISIONS WERE COMPLETED IN 14 COURSES IN 3 LANGUAGES. ONGOING REVISIONS AND NEW COURSE DEVELOPMENT CONTINUED IN 2023. THE FOLLOWING 8 COURSES WERE COMPLETED: ELEMENTS OF BIBLE STUDY, NEW TESTAMENT SURVEY, SPIRITUAL FORMATION, AND FACILITATOR RESOURCES IN UKRAINIAN, ORIENTATION TO HISMOODLE IN FRENCH, 2 MOODLE COURSE TEMPLATES IN SPANISH, AND A MOODLE COURSE TEMPLATE IN MONGOLIAN. HORIZON ALSO WORKED WITH AN INTERNATIONAL TEAM IN THE DEVELOPMENT OF A SECOND-TIER COURSE FOR ICETE ACADEMY ENTITLED, MAKING THE MOST OF ONLINE PLATFORMS AND TOOLS, WHICH LAUNCHED IN THE FALL OF 2023.THESE PROGRAM SERVICES WERE ACCOMPLISHED LARGELY THROUGH VOLUNTEER SERVICES BY MISSIONARIES SECONDED AND PAID FROM OTHER NONPROFIT MISSION ORGANIZATIONS. THE ESTIMATED VALUE OF THESE SERVICES IN 2023 WAS $138,945.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miriam Taylor Member | Trustee | 1 | $0 |
James Zandstra Member | Trustee | 1 | $0 |
Ken Bott Member | Trustee | 1 | $0 |
Chuck Porter Member | Trustee | 1 | $0 |
Marty Gurry Treasurer | OfficerTrustee | 2 | $0 |
Roger Berry Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,727 |
| Total Program Service Revenue | $28,773 |
| Investment income | $18,579 |
| 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 | $173,079 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,370 |
| Office expenses | $5,625 |
| Information technology | $20,159 |
| Royalties | $0 |
| Occupancy | $31,708 |
| Travel | $42,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,282 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,344 |
| Insurance | $1,790 |
| All other expenses | $13,016 |
| Total functional expenses | $124,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,218 |
| Savings and temporary cash investments | $746,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,900 |
| 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 | $15,970 |
| Net Land, buildings, and equipment | $79,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $883,317 |
| Accounts payable and accrued expenses | $2,195 |
| 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 | $79,202 |
| Total liabilities | $81,397 |
| Net assets without donor restrictions | $751,830 |
| Net assets with donor restrictions | $50,090 |
| 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 | $883,317 |