Horizon Education Centers

Organization Overview

Horizon Education Centers is located in North Olmsted, OH. The organization was established in 1979. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2021, Horizon Education Centers employed 511 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizon Education Centers 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 12/2021, Horizon Education Centers generated $15.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $14.0m during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE QUALITY CHILDCARE AND EDUCATION OPPORTUNITIES FOR CHILDREN AND THEIR FAMILIES IN OUR COMMNITIES

Describe the Organization's Program Activity:

CHILDCARE AND EARLY EDUCATION, AFTERSCHOOL EDUCATIONAL ASSISTANCE FOR MIDDLE SCHOOL STUDENTS


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Board, Officers & Key Employees

Name (title)Compensation
David Smith
Executive Director
$221,518
Julie Hamman
Secretary
$0
Matthew Maloney
Treasurer
$0
Thomas Herbster
President
$0
Bill Barlock
President Elect
$0
Dave Kenney
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,667,690
All other contributions, gifts, grants, and similar amounts not included above$2,807,612
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,475,302
Total Program Service Revenue$8,125,443
Investment income $3,159
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $55,685
Net Gain/Loss on Asset Sales $850
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $15,661,118

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Horizon Education Centers has recieved totaling $186,729.

Awarding OrganizationAmount
United Way Of Greater Lorain County

Lorain, OH

PURPOSE: EDUCATION - KINDERGARTEN READINESS/MIDDLE SCHOOL SUCCESS

$186,665
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$64
View Grant Recipient Profile

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