Horizons Student Opportunities And Results For New Mexico Inc
- Assets
- $213.2k
- Revenue
- $552.3k
- Investments
- $0.0
- Employees
- 37
- Location
- Albuquerque, NM
- Founding
- 09/2016
- Data as of
- 09/2022
- EIN
- 81-2915448
Organization Overview
Horizons Student Opportunities And Results For New Mexico Inc, operating under the name Horizons Albuquerque, is located in Albuquerque, NM. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2022, Horizons Albuquerque employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizons Albuquerque 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 09/2022, Horizons Albuquerque generated $552.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $413.1k during the year ending 09/2022. While expenses have increased by 12.4% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HORIZONS ALBUQUERQUE ADVANCES EQUITABLE LEARNING OPPORTUNITIES FOR STUDENTS. WE PARTNER WITH FAMILIES, COMMUNITIES, AND SCHOOLS TO PROVIDE A SUMMER ACADEMIC AND ENRICHMENT PROGRAM, AS WELL AS WRAP-AROUND AND SUPPORTIVE SERVICES FOR STUDENTS AND THEIR FAMILIES THROUGHOUT THE YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESCRIPTION OF PROGRAM ACCOMPLISHMENTS: - 180 STUDENTS SERVED IN KINDERGARTEN THROUGH RISING 12TH GRADE - 33 FACULTY MEMBERS - 6 WEEKS OF ACADEMIC LEARNING DURING THE SUMMER - 87% STUDENT ATTENDANCE RATE - 100% OF STUDENTS ARE ELIGIBLE FOR FREE OR REDUCED-COST LUNCHES - 5:1 STUDENT-TEACHER RATIO - 86% OF PARENT/GRANDPARENT INVOLVEMENT - 60 FEEDER SCHOOLS ACROSS ALBUQUERQUE AND RIO RANCHO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Herrera Executive Di | Officer | 40 | $33,430 |
Swarupa Watlington Prior Exec D | Officer | 40 | $28,322 |
Mark Herman President | OfficerTrustee | 2 | $0 |
Monica Hussey President El | OfficerTrustee | 2 | $0 |
Ross Nettles Treasurer | OfficerTrustee | 2 | $0 |
Sandra Donaldson Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $302,265 |
| All other contributions, gifts, grants, and similar amounts not included above | $249,957 |
| Noncash contributions included in lines 1a–1f | $9,995 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $552,222 |
| Total Program Service Revenue | $0 |
| Investment income | $53 |
| 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 | $552,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,484 |
| Compensation of current officers, directors, key employees. | $6,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,456 |
| Payroll taxes | $23,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,627 |
| Fees for services: Accounting | $13,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,061 |
| Advertising and promotion | $255 |
| Office expenses | $1,805 |
| Information technology | $11,563 |
| Royalties | $0 |
| Occupancy | $5,440 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $322 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $989 |
| Insurance | $8,891 |
| All other expenses | $4,736 |
| Total functional expenses | $413,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,587 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $172,628 |
| 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 | $5,523 |
| Net Land, buildings, and equipment | $1,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $213,221 |
| Accounts payable and accrued expenses | $10,288 |
| 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 | $10,288 |
| Net assets without donor restrictions | $202,933 |
| Net assets with donor restrictions | $0 |
| 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 | $213,221 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Horizons Student Opportunities And Results For New Mexico Inc has recieved totaling $49,562.
| Awarding Organization | Amount |
|---|---|
Albuquerque Community Foundation Albuquerque, NM PURPOSE: ACF EDUCATION | $43,500 |
Jennifer Riordan Foundation Albuquerque, NM PURPOSE: GENERAL PURPOSE | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Service Center Region Xii Of Texas Waco, TX | $21,686,581 | $37,093,935 |
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |