Michael E Horn Family Foundation Inc
- Assets
- $10.0m
- Revenue
- $764.9k
- Investments
- $9.4m
- Employees
- 0
- Location
- Owensboro, KY
- Founding
- 02/2008
- Data as of
- 12/2023
- EIN
- 26-1375584
Organization Overview
Michael E Horn Family Foundation Inc is located in Owensboro, KY. The organization was established in 2008. 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. Michael E Horn Family 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 12/2023, Michael E Horn Family Foundation Inc generated $764.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $943.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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 |
|---|---|---|---|
Kayla Horn Walker Director | 20 | $40,500 | |
Kathryn R Crowe Director | 40 | $61,576 | |
Michael E Horn Director | 10 | $0 | |
Michael Andrew Horn Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $358,216 |
| Interest on Savings | $0 |
| Dividends & Interest | $358,202 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,483 |
| Capital Gain Net Income | $48,483 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $764,901 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $102,076 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,111 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,964 |
| Total operating and administrative expenses | $190,891 |
| Contributions, gifts, grants paid | $753,000 |
| Total expenses and disbursements | $943,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,167 |
| Savings and temporary cash investments | $455,237 |
| 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 | $794,078 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,961,607 |
| 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, Michael E Horn Family Foundation Inc has awarded $753,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIPS (SEE ATTACHED) PURPOSE: SEE ATTACHED | $21,750 |
GRANT ALLOCATIONS (SEE ATTACHED) PURPOSE: SEE ATTACHED | $731,250 |