Horizon Charitable Foundation
- Assets
- $123.5m
- Revenue
- $13.5m
- Investments
- $123.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2018
- Data as of
- 12/2023
- EIN
- 83-1406109
Organization Overview
Horizon Charitable Foundation is located in Wilmington, DE. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizon Charitable Foundation 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 Charitable Foundation generated $13.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Horizon Charitable Foundation has awarded 67 individual grants totaling $10,141,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Horing Dir, Pres | 1 | $0 | |
Patricia Horing Dir, Sec, Treas | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leveraged Philanthropy Llc | 12/30/23 | $130,796 |
Foundation Source | 12/30/23 | $70,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,255,833 |
| Interest on Savings | $2,271 |
| Dividends & Interest | $239,302 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,049,903 |
| Capital Gain Net Income | $9,380,727 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,016,107 |
| Total Revenue | $13,463,610 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,418 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $843,219 |
| Total operating and administrative expenses | $1,040,843 |
| Contributions, gifts, grants paid | $3,730,000 |
| Total expenses and disbursements | $4,770,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $125,482 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $74,236,969 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $123,517,640 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Horizon Charitable Foundation has awarded $3,730,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
DONOR ADVISED CHARITABLE GIVING PURPOSE: JEFFREY L HORING DONOR ADVISED FUND | $300,000 |
ENGENDERHEALTH INC PURPOSE: NIGERIA: EXPANDING ACCESS TO HORMONAL CONTRACEPTION INITIATIVE | $25,000 |
EQUIS INSTITUTE PURPOSE: GENERAL & UNRESTRICTED | $200,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL & UNRESTRICTED | $500,000 |
NATIONAL REDISTRICTING FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $150,000 |
BRADY CENTER TO PREVENT GUN VIOLENCE PURPOSE: GENERAL & UNRESTRICTED | $50,000 |