Horizon Charitable Foundation Inc
- Assets
- $73.8m
- Revenue
- $12.6m
- Investments
- $62.7m
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 04/2005
- Data as of
- 12/2020
- EIN
- 20-0252405
Organization Overview
Horizon Charitable Foundation Inc is located in Newark, NJ. The organization was established in 2005. 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.
For the year ending 12/2020, Horizon Charitable Foundation Inc generated $12.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $4.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Assistant Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $274,718 |
| Dividends & Interest | $901,381 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,387,420 |
| Capital Gain Net Income | $1,387,420 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,563,519 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $117,373 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $770 |
| Printing and publications | $0 |
| Other expenses | $130,494 |
| Total operating and administrative expenses | $1,008,538 |
| Contributions, gifts, grants paid | $3,547,035 |
| Total expenses and disbursements | $4,555,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,047,042 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,089,430 |
| Total assets | $73,832,566 |
| Accounts payable and accrued expenses | $36,312 |
| Grants payable | $932,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $436,096 |
| Total liabilities | $1,404,408 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Horizon Charitable Foundation Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Jean And Scott Bridge Foundation Vero Beach, FL PURPOSE: GENERAL PURPOSE | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Margaret And Daniel Loeb Foundation New York, NY | $63,231,197 | $9,342,387 |
Sue & Edgar Wachenheim Foundation Purchase, NY | $0 | $25,553,033 |
New York Life Foundation New York, NY | $194,121,298 | $9,264,381 |
Vital Projects Fund Inc New York, NY | $357,141,423 | $10,695,571 |
Beth And Ravenel Curry Foundation New York, NY | $461,460,133 | $44,744,046 |
Russell Berrie Foundation Teaneck, NJ | $197,426,949 | $5,105,287 |
John R Oishei Foundation Buffalo, NY | $284,851,844 | $23,654,216 |
Mt Cuba Center Inc Hockessin, DE | $339,722,007 | $15,326,196 |
John Simon Guggenhein Memorial Foundation New York, NY | $316,705,094 | $57,372,802 |
Jack Buncher Foundation Pittsburgh, PA | $0 | $17,331,940 |
Moore Charitable Foundation Inc New York, NY | $354,672,426 | $57,420,372 |
Altman Foundation New York, NY | $269,531,252 | $22,594,992 |