Horizon Community Funds Of Northern Kentucky Inc
- Assets
- $42.7m
- Revenue
- $17.3m
- Investments
- $1.3m
- Employees
- 4
- Location
- Covington, KY
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 82-1388190
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.
Form
990T
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) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Grayson President | Officer | 40 | $172,490 |
Jim Votruba Grant Making Comm. Chair | OfficerTrustee | 0.5 | $0 |
Chuck Scheper Vice Chair | OfficerTrustee | 0.5 | $0 |
Bill Butler Chair | OfficerTrustee | 1 | $0 |
Crystal Faulkner Treasurer, Finance & Audit | OfficerTrustee | 0.5 | $0 |
Mary Zalla Marketing Comm. Chair | OfficerTrustee | 0.5 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,480,337 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $186,660 |
| Compensation of current officers, directors, key employees. | $30,129 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,106 |
| Pension plan accruals and contributions | $5,236 |
| Other employee benefits | $11,144 |
| Payroll taxes | $24,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $320 |
| Fees for services: Accounting | $15,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,720 |
| Fees for services: Other | $25,000 |
| Advertising and promotion | $94,481 |
| Office expenses | $2,041 |
| Information technology | $31,855 |
| Royalties | $0 |
| Occupancy | $33,918 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,611 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $834 |
| Insurance | $11,650 |
| All other expenses | $13 |
| Total functional expenses | $5,213,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,713,292 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500,997 |
| Accounts receivable, net | $3,333 |
| 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 | $24,566 |
| Net Land, buildings, and equipment | $3,236 |
| Investments—publicly traded securities | $39,182,364 |
| Investments—other securities | $1,260,773 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,282 |
| Total assets | $42,720,843 |
| Accounts payable and accrued expenses | $50,887 |
| Grants payable | $1,103,895 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,191,165 |
| 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 | $0 |
| Total liabilities | $7,345,947 |
| Net assets without donor restrictions | $31,384,696 |
| Net assets with donor restrictions | $3,990,200 |
| 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 | $42,720,843 |
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 Recipient | Amount |
|---|---|
Edgewood, KY PURPOSE: General Support | $525,076 |
Covington, KY PURPOSE: General Support | $500,000 |
Cincinnati, OH PURPOSE: General Support | $500,000 |
Cincinnati, OH PURPOSE: General Support | $275,106 |
BOONE COUNTY BOARD OF EDUCATION PURPOSE: General Support | $214,000 |
Covington, KY PURPOSE: General Support | $187,500 |
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 Organization | Amount |
|---|---|
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 |
Endowment Analysis
| Beg. Balance | $743,136 |
| Earnings | $75,145 |
| Net Contributions | $655,984 |
| Other Expense | $320 |
| Ending Balance | $1,473,945 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA | $68,152,988 | $23,085,179 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |
The Community Foundation For Northern Virginia Inc Oakton, VA | $80,161,408 | $23,451,822 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |