Horizon Community Funds Of Northern Kentucky Inc
- Assets
- $42.7m
- Revenue
- $17.3m
- Investments
- $1.3m
- Employees
- 4
- Location
- Covington, KY
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 82-1388190
Organization Overview
Horizon Community Funds Of Northern Kentucky Inc is located in Covington, KY. The organization was established in 2017. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Horizon Community Funds Of Northern Kentucky Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizon Community Funds Of Northern Kentucky 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 12/2021, Horizon Community Funds Of Northern Kentucky Inc generated $17.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Horizon Community Funds Of Northern Kentucky Inc has awarded 436 individual grants totaling $26,716,216. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE RESOURCES TO RAISE THE QUALITY OF LIFE FOR ALL PEOPLE IN NORTHERN KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HORIZON COMMUNITY FUNDS OF NORTHERN KENTUCKY BRINGS PEOPLE TOGETHER TO DONATE AND CONTRIBUTE IN WAYS THAT HAVE NEVER BEEN AVAILABLE BEFORE, TO COMBINE THEIR RESOURCES TO HELP BREAK THE CYCLE OF POVERTY, SUPPORT THE ARTS, SPARK DEVELOPMENT AND INNOVATION, ENRICH OUR CHILDREN'S EDUCATION, AND IMPROVE THE HEALTH AND WELLNESS OF OUR COMMUNITY. THIS IS A COMMUNITY FOUNDATION DESIGNED TO MANAGE FUNDS EXCLUSIVELY FOR THE BENEFIT OF NORTHERN KENTUCKY. HORIZON COMMUNITY FUNDS HAS OPTIONS FOR THE FULL SPECTRUM OF DONORS, FROM THOSE WHO WANT TO GIVE TO A GENERAL COMMUNITY FUND TO THOSE WHO WANT TO RECOMMEND WHAT CHARITIES BENEFIT FROM THEIR GIFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Newell Member | Trustee | 0.3 | $0 |
Bob Sathe Member | Trustee | 0.3 | $0 |
Kris Knochelmann Member | Trustee | 0.3 | $0 |
Paul Verst Member | Trustee | 0.3 | $0 |
Kit Andrews Member | Trustee | 0.3 | $0 |
Barbara Drees Jones Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,234 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,594,912 |
| Noncash contributions included in lines 1a–1f | $11,375,173 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,630,146 |
| Total Program Service Revenue | $62,923 |
| Investment income | $602,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,077,216 |
| Net Income from Fundraising Events | -$35,924 |
| Net Income from Gaming Activities | $1,580 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,337,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,480,337 |
| 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. | $186,660 |
| Compensation of current officers, directors, key employees. | $30,129 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,106 |
| Pension plan accruals and contributions | $5,236 |
| Other employee benefits | $11,144 |
| Payroll taxes | $24,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $320 |
| Fees for services: Accounting | $15,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,720 |
| Fees for services: Other | $25,000 |
| Advertising and promotion | $94,481 |
| Office expenses | $2,041 |
| Information technology | $31,855 |
| Royalties | $0 |
| Occupancy | $33,918 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,611 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $834 |
| Insurance | $11,650 |
| All other expenses | $13 |
| Total functional expenses | $5,213,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,713,292 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500,997 |
| Accounts receivable, net | $3,333 |
| 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 | $24,566 |
| Net Land, buildings, and equipment | $3,236 |
| Investments—publicly traded securities | $39,182,364 |
| Investments—other securities | $1,260,773 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,282 |
| Total assets | $42,720,843 |
| Accounts payable and accrued expenses | $50,887 |
| Grants payable | $1,103,895 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,191,165 |
| 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 | $7,345,947 |
| Net assets without donor restrictions | $31,384,696 |
| Net assets with donor restrictions | $3,990,200 |
| 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 | $42,720,843 |
Grants Awarded
Over the last fiscal year, Horizon Community Funds Of Northern Kentucky Inc has awarded $7,722,407 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
ACUE PURPOSE: General support | $21,407 |
ALLIANCE FOR CATHOLIC URBAN EDUCATION PURPOSE: General support | $31,358 |
ALZHEIMER'S ASSOCIATION OF GREATER CINCINNATI PURPOSE: General support | $100,000 |
AMERICA FIRST LEGAL FOUNDATION PURPOSE: General support | $25,000 |
AMERICAN CANCER SOCIETY PURPOSE: General support | $15,000 |
AMERICAN HEART ASSOCIATION PURPOSE: General support | $27,500 |