Civic Intelligence

Horton'S Kids Inc

990 • Fiscal year 2020 • EIN 52-1755403

Sep 01, 2019 to Aug 31, 2020 • Filed on Apr 22, 2021

400 Virginia Avenue SW Suite C-130Washington, DC 20024

(202) 544-5033

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.15x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.11x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

65th percentile

14%

Higher net margin than 65% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

80th percentile

$132,586

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

83rd percentile

40%

Faster asset growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,487,038

Up $711,108 (+40%) from 2019

Net Assets

Up

$2,126,278

Up $489,707 (+30%) from 2019

Liabilities

Up

$360,760

Up $221,401 (+159%) from 2019

Revenue

Up

$3,190,129

Up $322,334 (+11%) from 2019

Expenses

Down

$2,742,787

Down $60,652 (-2.2%) from 2019

Net Income

Up

$447,342

Up $382,986 (+595%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $1,121,216Liabilities 2011: $38,443Net Assets 2011: $1,082,7732011Assets 2012: $1,266,224Liabilities 2012: $38,282Net Assets 2012: $1,227,9422012Assets 2013: $1,396,673Liabilities 2013: $40,573Net Assets 2013: $1,356,1002013Assets 2014: $1,517,804Liabilities 2014: $49,516Net Assets 2014: $1,468,2882014Assets 2015: $1,399,216Liabilities 2015: $43,731Net Assets 2015: $1,355,4852015Assets 2016: $1,350,165Liabilities 2016: $60,309Net Assets 2016: $1,289,8562016Assets 2017: $1,505,824Liabilities 2017: $70,320Net Assets 2017: $1,435,5042017Assets 2018: $1,611,676Liabilities 2018: $54,358Net Assets 2018: $1,557,3182018Assets 2019: $1,775,930Liabilities 2019: $139,359Net Assets 2019: $1,636,5712019Assets 2020: $2,487,038Liabilities 2020: $360,760Net Assets 2020: $2,126,2782020Assets 2021: $2,851,162Liabilities 2021: $447,015Net Assets 2021: $2,404,1472021Assets 2022: $7,716,335Liabilities 2022: $3,387,882Net Assets 2022: $4,328,4532022Assets 2023: $8,913,558Liabilities 2023: $4,138,263Net Assets 2023: $4,775,2952023Assets 2024: $11,271,510Liabilities 2024: $4,412,921Net Assets 2024: $6,858,5892024

Highlighted filing

2020

Assets$2,487,038
Liabilities$360,760
Net Assets$2,126,278

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,159,750Expenses 2011: $1,116,495Net Income 2011: $43,2552011Expenses 2012: $1,193,4052012Revenue 2013: $1,426,413Expenses 2013: $1,298,255Net Income 2013: $128,1582013Revenue 2014: $1,449,609Expenses 2014: $1,337,421Net Income 2014: $112,1882014Revenue 2015: $1,466,185Expenses 2015: $1,540,906Net Income 2015: -$74,7212015Revenue 2016: $1,749,274Expenses 2016: $1,874,364Net Income 2016: -$125,0902016Revenue 2017: $2,150,463Expenses 2017: $2,027,908Net Income 2017: $122,5552017Revenue 2018: $2,389,829Expenses 2018: $2,288,219Net Income 2018: $101,6102018Revenue 2019: $2,867,795Expenses 2019: $2,803,439Net Income 2019: $64,3562019Revenue 2020: $3,190,129Expenses 2020: $2,742,787Net Income 2020: $447,3422020Revenue 2021: $3,402,744Expenses 2021: $3,244,252Net Income 2021: $158,4922021Revenue 2022: $5,910,275Expenses 2022: $3,905,952Net Income 2022: $2,004,3232022Revenue 2023: $5,111,644Expenses 2023: $4,667,121Net Income 2023: $444,5232023Revenue 2024: $7,241,698Expenses 2024: $5,254,405Net Income 2024: $1,987,2932024

Highlighted filing

2020

Revenue$3,190,129
Expenses$2,742,787
Net Income$447,342
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Apr 22, 2021
Return Version
2019v5.1
Gross Receipts
$3,531,386
Mission and Program Overview

Mission

Horton's kids envisions a thriving community where every child and their family have the essential resources, tools and support required to excel in education, forge successful careers, and lead fulfilling lives. Hk aims to create a ripple effect, inspiring positive change not only in the lives of the families served, but also in the broader fabric of the community ultimately contributing to a more equitable and promising future for all.

Hortons kids mission is to empower children growing up in one of washington dcs most under-resourced communities so that they graduate from high school ready for success in college, career, and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$332,273$991,591▲ $659,318
Investments in Publicly Traded Securities$666,902$796,555▲ $129,653
Land, Buildings, and Equipment, Net$560,460$512,510▼ $47,950
Pledges and Grants Receivable$160,667$112,420▼ $48,247
Prepaid Expenses and Deferred Charges$55,628$73,962▲ $18,334
Total Assets$1,775,930$2,487,038▲ $711,108
Liabilities
Accounts Payable and Accrued Expenses$75,162$309,807▲ $234,645
Other Liabilities$64,197$50,953▼ $13,244
Total Liabilities$139,359$360,760▲ $221,401
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,597,749$1,502,873▼ $94,876
Net Assets With Donor Restrictions$38,822$623,405▲ $584,583
Total Net Assets Fund Balance$1,636,571$2,126,278▲ $489,707
Total Liabilities and Net Assets / Fund Balance$1,775,930$2,487,038▲ $711,108

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$120,772$219,269$340,041
Land$338,766-$338,766
Equipment$46,941$98,220$145,161
Other Land Buildings$6,031$5,920$11,951

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019-$52,036▲ $2,039$1,500$52,575
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randy MarshChief Financial OfficerFT$121,750$10,836$132,586
William FettweisInterim Ed 08/2020-03/2021FT$122,888$8,271$131,159
Erica AhdootExecutive Director 04/20-presentFT$63,750$3,017$66,767

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,982,713
Program Service Revenue
$0
Investment Income
$7,416
Other Revenue
$200,000
All Other Contributions
$2,603,908
Change in Net Assets
$447,342

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$100,479Fair Market Value (FMV)
Food Inventory84$44,219Fair Market Value (FMV)
Total Noncash Contributions84$144,698-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,190,129
Revenue Not Reported on Form 990
$520,597
Total Revenue per Audited Statements
$3,710,726
Total Revenue per Form 990
$3,190,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,747,150
Other Expenses$693,034
Grants and Similar Amounts Paid$302,603
Total Fundraising Expense$290,918
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,147,764$57,896$163,875$1,369,535
Grants to Domestic Individuals$302,603--$302,603
Current Officers, Directors, Trustees, and Key Employees$108,567$5,477$15,495$129,539
Payroll Taxes$100,925$5,218$15,494$121,637
Occupancy$102,762$5,932$1,584$110,278
Other Employee Benefits$88,266$4,591$12,639$105,496
Fees for Services Other$58,387$32,355$7,107$97,849
Other Expenses$71,657$1,756$11,736$85,149
Office Expenses$48,322$2,152$33,394$83,868
Depreciation Depletion$68,895$1,591$4,846$75,332
Fees for Services Accounting$65,653--$65,653
Information Technology$42,929$1,319$3,722$47,970
Travel$46,328$198$763$47,289
Insurance$21,909$1,180$3,293$26,382
Conferences and Meetings$20,107$837$2,734$23,678
Pension Plan Contributions$17,518$908$2,517$20,943
Total Functional Expenses$2,321,812$130,057$290,918$2,742,787

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,221,019
Expenses per Audited Statements$2,742,787
Total Expenses per Form 990$2,742,787
Expenses Not Reported on Form 990$478,232
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$35,378
Fundraising Gross Income$35,378
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Give Thanks$225,510$35,378$19,928$15,450
Total Events$225,510$35,378$35,378-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$50,953
Deferred Rent-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 is initially reviewed by the executive director and is then emailed to the full board of directors for approval prior to submission with the irs.

Form 990, Part VI, Section B, Line 12C

All board members are required to disclose any and all activities or interests which could conflict with their performance, duties, or responsibilities to hortons kids. This is enforced via a form which each board member completes annually. Each director, officer or employee who has a conflict of interest with respect to any transaction which he or she knows is under consideration by the board of directors of the corporation or any of its committees, is required to make timely disclosure thereof so that it may be part of the board of directors consideration of the transaction and the person holding the conflicted interest shall further refrain from participating in consideration except as directed by the remaining members of the board of directors. Notwithstanding the foregoing, any director who is also a director of an affiliated organization may participate in considering and voting on any matter pertaining to such organization. The board of directors may act through an appropriate committee, may adopt from time to time such regulations and procedures as shall appear to them sufficient to secure compliance with the policy provided in this section.

Form 990, Part VI, Section B, Line 15A

The board of directors determines the executive directors salary based on comparable data, performance evaluations, job skills, job knowledge, and experience. The executive directors salary is also included in the annual budget which is reviewed and approved by the full board of directors annually.

Form 990, Part VI, Section B, Line 18

Our form 990 is available on the guidestar website.

Form 990, Part VI, Section B, Line 19

All governing documents, financial statements, and the conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Hortons Kids Inc
EIN
52-1755403
Phone
2025445033
Address
400 VIRGINIA AVENUE SW SUITE C-130, Washington, DC 20024
Doing Business As
Hortons Kids

Signing Officer

Name
Erica Ahdoot
Title
Executive Director
Signed
2021-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ellen Palmer
Formed
1989
Legal Domicile
Dc
Voting Board Members
21
Independent Board Members
21
Employees
40
Volunteers
299

Preparer

Firm
Alta CPA Group
Address
59 Franklin St 2nd Floor, Annapolis, MD 21401
Preparer
Jeffrey Griffith
Phone
4103495101
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 260,568, Grants and allocations 5,839, Revenue 0 COMMUNICATIONS AND MARKETING

Form 990, Part III, Line 4D

Program Service Expenses 103,676, Grants and allocations 16,495, Revenue 0 SUMMER CAMPS

Form 990, Part III, Line 4A

Academics continued aligned to the common core, our programming includes one on one tutoring and homework help for children in grades k to 12 to strengthen their literacy skills older youth programming for children in grades 7 to 12 such as career exploration and sat and act preparation to prepare them for post secondary options and educational advocacy services to connect families with high performing schools and support children with special needs. All of these supports result in tremendous outcomes for children in fact, children in hortons kids are twice as likely to graduate from high school.

Financial Statement Notes

X 2

Hki is exempt from income taxes under section 501c3 of the internal revenue code the code. In addition, hki has been determined by the internal revenue service not to be a private foundation within the meaning of section 509a of the code. Hki informational return filings are subject to audit by the internal revenue service, generally for three years after filing.

XI 2D

Net of special events 35,378

XII 2D

Net of special events 35,378

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1INTERIM ED 08/2020-03/2021
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR 04/20-PRESENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
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IRS990/PrincipalOfficerNm0ELLEN PALMER
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IRS990/ProgSrvcAccomActy2Grp/Desc0HEALTH AND BASIC NEEDS SUPPORTS ENSURE THAT CHILDREN ARE HEALTHY AND PREPARED TO LEARN. THE CHILDREN WE SERVE LIVE IN A COMMUNITY WITH ONE OF THE HIGHEST RATES OF VIOLENT CRIME IN DC, WHERE THE AVERAGE FAMILY INCOME IS LESS THAN 10,000 PER YEAR. OUR COMMUNITY RESOURCE CENTER, OPEN SIX DAYS A WEEK, IS LOCATED JUST STEPS FROM CHILDRENS HOMES, ALLOWING US TO BE A CONSISTENT AND TRUSTED RESOURCE FOR THE FAMILIES WE SERVE. WE PROVIDE A WIDE RANGE OF SERVICES, INCLUDING DAILY AFTER SCHOOL MEALS, MENTAL HEALTH SUPPORTS, DIAPER AND TOILETRY DISTRIBUTION, COAT AND BACKPACK DISTRIBUTIONS, AND CONNECTIONS TO PARTNER ORGANIZATIONS THAT EMPOWER FAMILIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0748403
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0200291

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.3$4.41$6.86$7.24$5.25$1.99
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.91$4.14$4.78$5.11$4.67$0.44
2022Detailed filing. Detailed filing data is available for this year.$7.72$3.39$4.33$5.91$3.91$2.00
2021Detailed filing. Detailed filing data is available for this year.$2.85$0.45$2.40$3.40$3.24$0.16
2020Detailed filing. Detailed filing data is available for this year.$2.49$0.36$2.13$3.19$2.74$0.45
2019Detailed filing. Detailed filing data is available for this year.$1.78$0.14$1.64$2.87$2.80$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.61$0.05$1.56$2.39$2.29$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.51$0.07$1.44$2.15$2.03$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.06$1.29$1.75$1.87$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.40$0.04$1.36$1.47$1.54$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.52$0.05$1.47$1.45$1.34$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.04$1.36$1.43$1.30$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.04$1.23$1.19
2011Summary only. Only limited summary data is available for this year.$1.12$0.04$1.08$1.16$1.12$0.04