Horizon Foundation Inc
- Assets
- $26.8m
- Revenue
- $1.3m
- Investments
- $25.9m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 12/1996
- Data as of
- 06/2023
- EIN
- 23-2867116
Organization Overview
Horizon Foundation Inc is located in Portland, ME. The organization was established in 1996. According to its NTEE Classification (T30) the organization is classified as: Public 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 Foundation 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 06/2023, Horizon Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Horizon Foundation Inc has awarded 286 individual grants totaling $3,640,152. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret B Chadbourne Asst Treasurer/exec Dir.(start 5/23) | 40 | $81,061 | |
Alexander K Buck Jr Director | 1 | $0 | |
Alexander K Buck III Director (end 5/23) | 1 | $0 | |
Anne E Buck Director | 1 | $0 | |
Allie W Buck Director | 1 | $0 | |
Caroline Buck Ogden Director (end 5/23) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,000 |
| Dividends & Interest | $489,371 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $772,335 |
| Capital Gain Net Income | $772,335 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,265,706 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $88,561 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,125 |
| Interest | $0 |
| Taxes | $12,767 |
| Depreciation | $7,056 |
| Occupancy | $1,530 |
| Travel, conferences, and meetings | $5,826 |
| Printing and publications | $0 |
| Other expenses | $9,217 |
| Total operating and administrative expenses | $271,427 |
| Contributions, gifts, grants paid | $1,215,000 |
| Total expenses and disbursements | $1,486,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,870 |
| Savings and temporary cash investments | $770,053 |
| 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 | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $582,825 |
| Net Land, buildings, and equipment | $7,200 |
| Other assets | $0 |
| Total assets | $26,791,548 |
| 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 Foundation Inc has awarded $1,215,000 in support to 99 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE TO PROTECT NANTUCKET SOUND PURPOSE: GENERAL SUPPORT | $25,000 |
A COMPANY OF GIRLS PURPOSE: GENERAL SUPPORT | $10,000 |
ARTS FOUNDATION OF CAPE COD PURPOSE: GENERAL SUPPORT | $15,000 |
BARNSTABLE CLEAN WATER COALITION PURPOSE: GENERAL SUPPORT | $14,000 |
BANNER LAKE CLUB INC PURPOSE: GENERAL SUPPORT | $40,000 |
BIGELOW LABORATORY FOR OCEAN SCIENCES PURPOSE: GENERAL SUPPORT | $20,000 |