Horizons For Youth
- Assets
- $2.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Chicago, IL
- Founding
- 11/1992
- Data as of
- 06/2023
- EIN
- 36-3796784
Organization Overview
Horizons For Youth is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Horizons For Youth employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizons For Youth 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, Horizons For Youth generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENABLE YOUTH FROM LOW-RESOURCE AREAS TO BECOME THE FIRST IN THEIR FAMILIES TO GRADUATE FROM COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HORIZONS FOR YOUTH IS A COMMUNITY COMMITTED TO HELPING CHILDREN RECOGNIZE AND ACHIEVE THEIR FULL POTENTIAL. IN PARTNERSHIP WITH DEDICATED FAMILIES, WE PROVIDE NEED-BASED TUITION SCHOLARSHIPS, ONE-ON-ONE MENTORING, AND ENRICHMENT OUTINGS. HORIZONS ALSO PROVIDES ONE TO ONE MENTORING AND TUTORING, SUMMER ACADEMIC PROGRAMS, HIGH SCHOOL & COLLEGE PREPARATION, COLLEGE & FINANCIAL AID APPLICATION ASSISTANCE, YEAR-ROUND ACADEMIC MONITORING AND SUPPORT AT THE ELEMENTARY, HIGH SCHOOL, AND COLLEGE LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Wright Chair | OfficerTrustee | 1 | $0 |
Greg Borkowski Secretary (admin) | OfficerTrustee | 40 | $174,662 |
John Skakun Vice Chair | OfficerTrustee | 1 | $0 |
Chris Romans Treasurer | OfficerTrustee | 1 | $0 |
Anne Carey Secretary (operational) | OfficerTrustee | 1 | $0 |
Bernadette Broccolo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $232,223 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,039,462 |
| Noncash contributions included in lines 1a–1f | $195,445 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,271,685 |
| Total Program Service Revenue | $0 |
| Investment income | $30,521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,302,206 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,072,177 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $197,310 |
| Compensation of current officers, directors, key employees. | $19,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $939,543 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,964 |
| Payroll taxes | $100,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,132 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,401 |
| Advertising and promotion | $0 |
| Office expenses | $53,020 |
| Information technology | $32,053 |
| Royalties | $0 |
| Occupancy | $47,152 |
| Travel | $4,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,156 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $387 |
| Insurance | $12,405 |
| All other expenses | $0 |
| Total functional expenses | $2,724,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $560,539 |
| Savings and temporary cash investments | $487,512 |
| Pledges and grants receivable | $382,100 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,625 |
| Net Land, buildings, and equipment | $4,252 |
| Investments—publicly traded securities | $1,122,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,559 |
| Total assets | $2,611,039 |
| Accounts payable and accrued expenses | $55,438 |
| Grants payable | $0 |
| Deferred revenue | $13,671 |
| 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 | $42,559 |
| Total liabilities | $111,668 |
| Net assets without donor restrictions | $935,887 |
| Net assets with donor restrictions | $1,563,484 |
| 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 | $2,611,039 |