Horizon Foundation Of Howard County Inc
- Assets
- $88.1m
- Revenue
- $6.3m
- Investments
- $27.6m
- Employees
- 11
- Location
- Columbia, MD
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 52-2119011
Organization Overview
Horizon Foundation Of Howard County Inc is located in Columbia, MD. The organization was established in 1998. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2022, Horizon Foundation Of Howard County Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizon Foundation Of Howard County 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 12/2022, Horizon Foundation Of Howard County Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $5.4m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 8 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.
Since 2014, Horizon Foundation Of Howard County Inc has awarded 229 individual grants totaling $14,203,060. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IMPROVE THE HEALTH AND WELLNESS OF PEOPLE WHO LIVE OR WORK IN HOWARD COUNTY, MD.
Describe the Organization's Program Activity:
GRANT MAKING-SINCE 1998, HORIZON FOUNDATION HAS INVESTED MORE THAN $74 MILLION IN COMMUNITY PROGRAMS, INCLUDING GRANTS TO OVER 394 ORGANIZATIONS. THE HORIZON FOUNDATION IS COMMMITTED TO IMPROVING HEALTH THROUGH INNOVATIVE INITIATIVES, COLLABORATIVE PARTNERSHIPS, STRATEGIC GRANTMAKING AND THOUGHTFUL ADVOCACY. WE FUND COMMUNITY NONPROFITS WHO CAN IMPROVE HEALTH OUTCOMES AND WORK TOWARDS HEALTH EQUITY. WE HAVE EXPANDED ACCESS TO MENTAL HEALTH SERVICES, INCREASED WALKING AND BIKING ACCESSIBILITY, MADE HEALTHIER FOOD/DRINKS MORE ACCESSIBLE AND AFFORDABLE, AND ASSISTED RESIDENTS IN NAMING A HEALTH CARE AGENT TO MAKE END OF LIFE CARE DECISIONS. IN ADDITION, WE HAVE STRENGTHENED THE CAPACITY OF COMMUNITY ORGANIZATIONS TO DISMANTLE LONGSTANDING BARRIERS TO GOOD HEALTH FOR COMMUNITIES OF COLOR AND IMPROVED THEIR ABILITY TO ADVANCE MOVEMENTS FOR SOCIAL CHANGE.
COMMUNITY BUILDING-HORIZON FOUNDATION COLLABORATES WITH DIVERSE PARTNERS TO IDENTIFY PRESSING, UNMET HEALTH AND WELLNESS NEEDS IN THE COMMUNITY AND TO CREATE CATALYTIC CHANGE THAT IS TANGIBLE, MEASURABLE AND SUSTAINABLE. HORIZON FOUNDATION CARES PASSIONATELY ABOUT THE COMMUNITY AND STRIVES TO BRING INNOVATIVE SOLUTIONS FROM AROUND THE REGION, COUNTRY AND WORLD TO IMPROVE HEALTH AND WELLNESS LOCALLY. FROM STRENGTHENING EFFECTIVE POLICIES TO EXPANDING CRITICAL SERVICES AND EDUCATING THE COMMUNITY THROUGH THE ANNUAL MEETING, HORIZON FOUNDATION FOCUSES ON MAKING HOWARD COUNTY A MORE VIBRANT AND HEALTHY PLACE TO LIVE, LEARN, WORK, AND PLAY FOR ALL OF OUR RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Hepburn Trustee | Trustee | 0.29 | $0 |
Catherine Hamel Chair | OfficerTrustee | 0.42 | $0 |
Celian Valero-Colon Trustee | Trustee | 0.29 | $0 |
Christopher Fortune Trustee | Trustee | 0.4 | $0 |
David Wolf Trustee | Trustee | 0.76 | $0 |
Gopi Suri Trustee | Trustee | 0.24 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prr Inc Media Campaign | 12/30/22 | $252,811 |
Sei Investment Management Services | 12/30/22 | $561,434 |
Marketing For Change Co Media Campaign | 12/30/22 | $297,263 |
Brigham Consulting Llc Racial Equity Collaborative | 12/30/22 | $116,523 |
University Of Connecticut Surveys/research | 12/30/22 | $110,000 |
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 | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $0 |
| Investment income | $1,549,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,572,794 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,341,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,368,677 |
| 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. | $839,214 |
| Compensation of current officers, directors, key employees. | $208,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $656,048 |
| Pension plan accruals and contributions | $22,015 |
| Other employee benefits | $66,070 |
| Payroll taxes | $87,302 |
| Fees for services: Management | $3,585 |
| Fees for services: Legal | $16,774 |
| Fees for services: Accounting | $104,561 |
| Fees for services: Lobbying | $15,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $561,434 |
| Fees for services: Other | $1,043,671 |
| Advertising and promotion | $206,829 |
| Office expenses | $110,694 |
| Information technology | $9,924 |
| Royalties | $0 |
| Occupancy | $131,147 |
| Travel | $50,936 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,129 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,400 |
| Insurance | $16,714 |
| All other expenses | $1,266 |
| Total functional expenses | $5,410,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,559 |
| Savings and temporary cash investments | $1,519,898 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,882 |
| 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 | $98,893 |
| Net Land, buildings, and equipment | $177,454 |
| Investments—publicly traded securities | $57,844,067 |
| Investments—other securities | $27,598,429 |
| Investments—program-related | $0 |
| Intangible assets | $473,454 |
| Other assets | $0 |
| Total assets | $88,105,636 |
| Accounts payable and accrued expenses | $816,629 |
| Grants payable | $1,791,564 |
| 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 | $661,881 |
| Total liabilities | $3,270,074 |
| Net assets without donor restrictions | $84,834,062 |
| Net assets with donor restrictions | $1,500 |
| 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 | $88,105,636 |
Grants Awarded
Over the last fiscal year, Horizon Foundation Of Howard County Inc has awarded $1,312,470 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
HOWARD COUNTY PUBLIC SCHOOL SYSTEM PURPOSE: HCPSS SCHOOL-BASED MENTAL HEALTH SERVICES EXPANSION | $430,000 |
MEDCHI THE MARYLAND STATE MEDICAL SOCIETY PURPOSE: DIABETES PREVENTION THROUGH SUGARY DRINK POLICIES [HKF22SD] | $125,000 |
CASA PURPOSE: LIBERTY ACT REFERENDUM CAMPAIGN | $110,000 |
BEHAVIORAL HEALTH SYSTEM BALTIMORE PURPOSE: 988/CRISIS SERVICES ADVOCACY | $65,000 |
COMMUNITY ACTION COUNCIL OF HOWARD COUNTY PURPOSE: WELLNESS AND MENTAL HEALTH INITIATIVE | $47,805 |
MENTAL HEALTH ASSOCIATION OF MARYLAND PURPOSE: EQUAL TREATMENT MARYLAND CAMPAIGN | $40,000 |