Horizon Community Funds Of Northern Kentucky Inc

Organization Overview

Horizon Community Funds Of Northern Kentucky Inc is located in Covington, KY. The organization was established in 2017. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Horizon Community Funds Of Northern Kentucky Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizon Community Funds Of Northern Kentucky 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 12/2021, Horizon Community Funds Of Northern Kentucky Inc generated $17.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Horizon Community Funds Of Northern Kentucky Inc has awarded 252 individual grants totaling $15,750,506. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO UNITE RESOURCES TO RAISE THE QUALITY OF LIFE FOR ALL PEOPLE IN NORTHERN KENTUCKY.

Describe the Organization's Program Activity:

HORIZON COMMUNITY FUNDS OF NORTHERN KENTUCKY BRINGS PEOPLE TOGETHER TO DONATE AND CONTRIBUTE IN WAYS THAT HAVE NEVER BEEN AVAILABLE BEFORE, TO COMBINE THEIR RESOURCES TO HELP BREAK THE CYCLE OF POVERTY, SUPPORT THE ARTS, SPARK DEVELOPMENT AND INNOVATION, ENRICH OUR CHILDREN'S EDUCATION, AND IMPROVE THE HEALTH AND WELLNESS OF OUR COMMUNITY. THIS IS A COMMUNITY FOUNDATION DESIGNED TO MANAGE FUNDS EXCLUSIVELY FOR THE BENEFIT OF NORTHERN KENTUCKY. HORIZON COMMUNITY FUNDS HAS OPTIONS FOR THE FULL SPECTRUM OF DONORS, FROM THOSE WHO WANT TO GIVE TO A GENERAL COMMUNITY FUND TO THOSE WHO WANT TO RECOMMEND WHAT CHARITIES BENEFIT FROM THEIR GIFTS.


HORIZON COMMUNITY FUNDS OF NORTHERN KENTUCKY OFFERS OUTSOURCED ACCOUNTING / BOOKKEEPING SERVICES TO LOCAL NONPROFITS SERVING THE NORTHERN KENTUCKY COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Nancy Grayson
President
$172,490
Jim Votruba
Grant Making Comm. Chair
$0
Mary Zalla
Marketing Comm. Chair
$0
Bob Zapp
Vice Chair
$0
Roger Peterman
Secretary
$0
Chuck Scheper
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$35,234
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$15,594,912
Noncash contributions included in lines 1a–1f $11,375,173
Total Revenue from Contributions, Gifts, Grants & Similar$15,630,146
Total Program Service Revenue$62,923
Investment income $602,037
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,077,216
Net Income from Fundraising Events -$35,924
Net Income from Gaming Activities $1,580
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,337,978

Grants Awarded

Over the last fiscal year, Horizon Community Funds Of Northern Kentucky Inc has awarded $4,344,927 in support to 89 organizations.

Grant RecipientAmount

ST ELIZABETH FOUNDATION

Org PageRecipient Profile

Edgewood, KY

PURPOSE: General Support

$525,076

DAN BEARD COUNCIL - BOY SCOUTS OF AMERICA COUNCIL

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: General Support

$500,000

URBAN COMMUNITY DEVELOPERS INC

Org PageRecipient Profile

Covington, KY

PURPOSE: General Support

$500,000

XAVIER UNIVERSITY

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: General Support

$275,106

BOONE COUNTY BOARD OF EDUCATION

PURPOSE: General Support

$214,000

CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY

Org PageRecipient Profile

Covington, KY

PURPOSE: General Support

$187,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Horizon Community Funds Of Northern Kentucky Inc has recieved totaling $1,256,645.

Awarding OrganizationAmount
Mccoy Family Foundation Inc

North Fort Myers, FL

PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION

$874,730
St Elizabeth Medical Center Inc

Edgewood, KY

PURPOSE: Program Support

$150,000
Bosch Community Fund

Farmington Hills, MI

PURPOSE: BIOMEDICAL HEALTH SCIENCES - PATIENT CARE TRAINING STEM

$150,000
Fidelity Foundation

Boston, MA

PURPOSE: OPERATING SUPPORT

$50,000
Jewish Federation Of Greater Atlanta Inc

Atlanta, GA

PURPOSE: DONATIONS

$25,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$5,910
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$743,136
Earnings$75,145
Net Contributions$655,984
Other Expense$320
Ending Balance$1,473,945

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