Horizons Foundation
- Assets
- $41.5m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 12
- Location
- San Francisco, CA
- Founding
- 03/1981
- Data as of
- 06/2021
- EIN
- 94-2686530
Organization Overview
Horizons Foundation is located in San Francisco, CA. The organization was established in 1981. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Horizons Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizons 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 06/2021, Horizons Foundation generated $8.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $7.1m during the year ending 06/2021. While expenses have increased by 4.5% 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.
Since 2015, Horizons Foundation has awarded 1,568 individual grants totaling $27,217,669. 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
FUEL THE LGBTQ MOVEMENT BY INCREASING SUPPORT FOR DIVERSE SF/BAY AREA NONPROFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING: HORIZONS FOUNDATION PROVIDED DIRECT FINANCIAL SUPPORT TO NONPROFIT ORGANIZATIONS THROUGH 1,467 GRANTS TO 741 ORGANIZATIONS TOTALING $5,190,482 IN 2021. GRANTS ADDRESSED MULTIPLE ISSUES AND POPULATIONS, INCLUDING THE COVID19 CRISIS, HEALTH, HIV/AIDS, YOUTH, ARTS, ELDERS, COMMUNITIES OF COLOR, TRANSGENDER RIGHTS, COMMUNITY BUILDING, AND CIVIL AND HUMAN RIGHTS IN THE SAN FRANCISCO BAY AREA, OTHER PARTS OF THE UNITED STATES, AND THE WORLD. GRANTS WERE ALSO MADE FROM DONOR-ADVISED FUNDS, FIELD OF INTEREST FUNDS, AND SCHOLARSHIP FUNDS. GRANTS RANGED FROM $250 TO $125,000; PROVIDED BOTH OPERATING SUPPORT AND PROJECT SUPPORT; AND INCLUDED NON-LGBTQ-SPECIFIC GRANTS THROUGH THE DONOR-ADVISED AND OTHER GRANT PROGRAMS.
PROMOTING PHILANTHROPY: INCREASING LGBTQ COMMUNITY RESOURCES: (A) HORIZONS PROMOTED GIVING BY LGBTQ PEOPLE FOR LGBTQ CAUSES BY OFFERING EXPERT SEMINARS TO EDUCATE HUNDREDS OF DONORS AND FINANCIAL AND LEGAL ADVISORS SERVING THE LGBTQ COMMUNITY AND BY WORKING WITH INDIVIDUAL DONORS TO DEFINE THEIR PHILANTHROPIC GOALS AND DEVELOP GIVING STRATEGIES FOR BOTH LIFE-TIME AND LEGACY GIFTS. (B) HORIZONS LED NATIONAL GIVE OUT DAY, THE ONLY NATIONAL DAY OF GIVING FOR THE LGBTQ COMMUNITY THAT RAISED OVER $1,900,000 FOR LGBTQ ORGANIZATIONS ACROSS THE COUNTRY. (C) THE FOUNDATION LED INNOVATIVE RESEARCH AND TESTING EFFORTS TO STRENGTHEN THE FUNDRAISING CAPABILITIES OF LGBTQ NONPROFITS IN THE BAY AREA AND BEYOND. (D) HORIZONS CONTINUED TO BUILD THE LGBTQ COMMUNITY ENDOWMENT FUND TO PROVIDE PERMANENT RESOURCES FOR PROMOTING RIGHTS AND WELL-BEING OF LGBTQ PEOPLE. THE ENDOWMENT IS BEING BUILT PRINCIPALLY THROUGH ESTATE GIFTS, AND MORE THAN 380 PEOPLE HAVE INFORMED HORIZONS THAT THE FOUNDATION IS INCLUDED IN THEIR ESTATES.
CAPACITY BUILDING: LEADERSHIP DEVELOPMENT: RECOGNIZING THAT STRONG LEADERSHIP IS CRUCIAL TO THE LGBQT COMMUNITY, HORIZONS HAS LONG BEEN COMMITTED TO DEVELOPING COMMUNITY LEADERSHIP. IN THE PAST YEAR, HORIZONS CONTINUED TO SPONSOR AN ON-GOING GROUP OF EXECUTIVE DIRECTORS OF LGBTQQ ORGANIZATIONS THAT PROVIDES CONSISTENT SUPPORT AND NETWORKING FOR KEY COMMUNITY LEADERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Doughty President | Officer | 40 | $215,382 |
John Marvuglio CFO | Officer | 40 | $168,036 |
Francisco Buchting VP Of Grants, Programs & Strategic Initiatives | 40 | $148,842 | |
Dipti Ghosh Co-Chair | OfficerTrustee | 5 | $0 |
Tim Murray Co-Chair | OfficerTrustee | 5 | $0 |
Juan Barajas Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $344,276 |
| Related organizations | $0 |
| Government grants | $5,326 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,461,015 |
| Noncash contributions included in lines 1a–1f | $4,000,442 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,810,617 |
| Total Program Service Revenue | $0 |
| Investment income | $527,907 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,166,843 |
| Net Income from Fundraising Events | -$38,703 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,470,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,274,482 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $442,247 |
| Compensation of current officers, directors, key employees. | $216,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $651,991 |
| Pension plan accruals and contributions | $22,832 |
| Other employee benefits | $40,437 |
| Payroll taxes | $76,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,488 |
| Fees for services: Accounting | $24,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,059 |
| Advertising and promotion | $17,431 |
| Office expenses | $83,055 |
| Information technology | $109,904 |
| Royalties | $0 |
| Occupancy | $173,181 |
| Travel | $940 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,534 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,698 |
| Insurance | $10,658 |
| All other expenses | $0 |
| Total functional expenses | $7,069,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,351,054 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,992 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $66,608 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,150 |
| Net Land, buildings, and equipment | $10,874 |
| Investments—publicly traded securities | $40,005,076 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,374 |
| Total assets | $41,480,128 |
| Accounts payable and accrued expenses | $209,387 |
| Grants payable | $130,700 |
| Deferred revenue | $8,500 |
| 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 | $562,591 |
| Total liabilities | $911,178 |
| Net assets without donor restrictions | $23,470,158 |
| Net assets with donor restrictions | $17,098,792 |
| 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 | $41,480,128 |
Grants Awarded
Over the last fiscal year, Horizons Foundation has awarded $4,550,675 in support to 191 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: UNRESTRICTED | $275,330 |
San Francisco, CA PURPOSE: UNRESTRICTED | $227,750 |
Montgomery, AL PURPOSE: UNRESTRICTED | $127,500 |
San Francisco, CA PURPOSE: UNRESTRICTED. | $112,000 |
Washington, DC PURPOSE: UNRESTRICTED | $110,000 |
New York, NY PURPOSE: UNRESTRICTED | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Horizons Foundation has recieved totaling $705,408.
| Awarding Organization | Amount |
|---|---|
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $175,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR SUPPORT OF A PERFORMING ARTS REGRANTING PROGRAM | $150,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $76,250 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $75,000 |
Evelyn And Walter Haas Jr Fund San Francisco, CA PURPOSE: TO SUPPORT LGBT EXECUTIVE DIRECTORS IN THE BAY AREA AND INCREASE GIVING TO THE LGBT COMMUNITY NATIONWIDE. | $70,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $40,000 |
Endowment Analysis
| Beg. Balance | $12,837,437 |
| Earnings | $3,033,716 |
| Net Contributions | $559,114 |
| Other Expense | $171,021 |
| Ending Balance | $16,259,246 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacobs Center For Neighborhood Innovation San Diego, CA | $67,799,135 | $4,267,167 |
Horizons Foundation San Francisco, CA | $41,480,128 | $8,470,990 |
Satellite Affordable Housing Associates Property Management Berkeley, CA | $2,977,079 | $7,479,132 |
Impact Online Inc Pleasanton, CA | $7,315,523 | $8,512,412 |
Upstart Bay Area Oakland, CA | $5,268,133 | $7,572,356 |
Power California Los Angeles, CA | $5,114,857 | $3,690,526 |
Long Beach Nonprofit Partnership Long Beach, CA | $993,393 | $3,069,719 |
La Union Del Pueblo Entero Keene, CA | $5,952,315 | $4,158,568 |
Cfs Real Property Inc Ewa Beach, HI | $18,749,955 | $2,331,459 |
Compasspoint Nonprofit Services San Francisco, CA | $4,915,311 | $4,789,548 |
Southern California Center For Nonprofit Management Los Angeles, CA | $834,254 | $2,511,911 |
West Valley Mission Community College District Foundation Saratoga, CA | $27,021,382 | $2,481,984 |