Civic Intelligence

Horizons Hampton Roads Inc.

990 • Fiscal year 2017 • EIN 54-1946180

Oct 01, 2016 to Sep 30, 2017 • Filed on Jan 23, 2018

7336 Granby StreetNorfolk, VA 23505

(757) 412-0249

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

86th percentile

33%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

64th percentile

$90,000

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

93rd percentile

64%

Faster asset growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

55%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,181,793

Up $460,344 (+64%) from 2016

Net Assets

Up

$1,179,117

Up $461,267 (+64%) from 2016

Liabilities

Down

$2,676

Down $923 (-26%) from 2016

Revenue

Up

$1,191,273

Up $421,153 (+55%) from 2016

Expenses

Up

$798,365

Up $51,013 (+6.8%) from 2016

Net Income

Up

$392,908

Up $370,140 (+1626%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $328,084Liabilities 2010: $62,000Net Assets 2010: $266,0842010Assets 2011: $349,787Liabilities 2011: $62,000Net Assets 2011: $287,7872011Assets 2012: $378,012Liabilities 2012: $62,000Net Assets 2012: $316,0122012Assets 2013: $398,705Liabilities 2013: $52,676Net Assets 2013: $346,0292013Assets 2014: $668,820Liabilities 2014: $3,197Net Assets 2014: $665,6232014Assets 2015: $731,603Liabilities 2015: $3,882Net Assets 2015: $727,7212015Assets 2016: $721,449Liabilities 2016: $3,599Net Assets 2016: $717,8502016Assets 2017: $1,181,793Liabilities 2017: $2,676Net Assets 2017: $1,179,1172017Assets 2018: $1,119,731Liabilities 2018: $17,087Net Assets 2018: $1,102,6442018Assets 2019: $1,199,507Liabilities 2019: $2,855Net Assets 2019: $1,196,6522019Assets 2020: $1,181,629Liabilities 2020: $116,199Net Assets 2020: $1,065,4302020Assets 2021: $1,531,678Liabilities 2021: $14,819Net Assets 2021: $1,516,8592021Assets 2022: $1,203,578Liabilities 2022: $1,741Net Assets 2022: $1,201,8372022Assets 2023: $1,135,250Liabilities 2023: $152,625Net Assets 2023: $982,6252023Assets 2024: $1,032,876Liabilities 2024: $118,400Net Assets 2024: $914,4762024Assets 2025: $1,255,215Liabilities 2025: $6,512Net Assets 2025: $1,248,7032025

Highlighted filing

2017

Assets$1,181,793
Liabilities$2,676
Net Assets$1,179,117

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $677,1032010Expenses 2011: $559,5642011Expenses 2012: $572,2602012Expenses 2013: $656,4402013Revenue 2014: $962,760Expenses 2014: $702,222Net Income 2014: $260,5382014Revenue 2015: $761,664Expenses 2015: $728,538Net Income 2015: $33,1262015Revenue 2016: $770,120Expenses 2016: $747,352Net Income 2016: $22,7682016Revenue 2017: $1,191,273Expenses 2017: $798,365Net Income 2017: $392,9082017Revenue 2018: $679,259Expenses 2018: $806,012Net Income 2018: -$126,7532018Revenue 2019: $888,423Expenses 2019: $826,398Net Income 2019: $62,0252019Revenue 2020: $458,620Expenses 2020: $579,936Net Income 2020: -$121,3162020Revenue 2021: $813,390Expenses 2021: $666,117Net Income 2021: $147,2732021Revenue 2022: $615,774Expenses 2022: $891,533Net Income 2022: -$275,7592022Revenue 2023: $746,466Expenses 2023: $1,062,688Net Income 2023: -$316,2222023Revenue 2024: $842,141Expenses 2024: $961,716Net Income 2024: -$119,5752024Revenue 2025: $1,173,292Expenses 2025: $931,513Net Income 2025: $241,7792025

Highlighted filing

2017

Revenue$1,191,273
Expenses$798,365
Net Income$392,908
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 23, 2018
Return Version
2016v3.1
Gross Receipts
$1,339,165
Mission and Program Overview

Mission

Our mission: we advance educational equity by building long-term partnerships with students, families, communities, and schools to create experiences outside of school that inspire the joy of learning.

Improve academic and developmental performance of impoverished children

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$37,078$346,083▲ $309,005
Cash and Non-Interest-Bearing Accounts$91,756$147,536▲ $55,780
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$721,449$1,181,793▲ $460,344
Other Assets Total$592,615$688,174▲ $95,559
Liabilities
Accounts Payable and Accrued Expenses$3,599$2,676▼ $923
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,599$2,676▼ $923
Net Assets / Fund Balance
Temporarily Rstr Net Assets$124,546$486,385▲ $361,839
Permanently Rstr Net Assets$379,950$380,600▲ $650
Unrestricted Net Assets$213,354$312,132▲ $98,778
Total Net Assets Fund Balance$717,850$1,179,117▲ $461,267
Total Liabilities and Net Assets / Fund Balance$721,449$1,181,793▲ $460,344

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,200--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$592,765$24,850▲ $68,359-$685,974
2015$625,254$150▼ $32,639-$592,765
2014$594,757$1,525▲ $28,972-$625,254
2013$286,801$248,900▲ $59,056-$594,757
2012$289,569$1,250▲ $25,752$29,770$286,801
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
J Richard TrowbridgeExecutive DirectorFT$90,000$90,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,060,060
Program Service Revenue
$9,400
Investment Income
$195
Other Revenue
$121,618
All Other Contributions
$1,009,871
Change in Net Assets
$392,908

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
Other Non Cash Contri Table0$34,2120
Food Inventory3$10,562Fair Market Value
Other Non Cash Contri Table0$3,6490
Total Noncash Contributions3$48,423-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,191,273
Revenue Not Reported on Form 990
$233,588
Total Revenue per Audited Statements
$1,424,861
Total Revenue per Form 990
$1,191,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$545,958
Other Expenses$252,407
Total Fundraising Expense$63,705
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$365,041-$37,248$402,289
Current Officers, Directors, Trustees, and Key Employees$42,750$41,761$10,489$95,000
All Other Expenses$47,443$7,269$5,713$60,425
Payroll Taxes$31,196$3,195$5,504$39,895
Other Expenses$19,892$821-$20,713
Fees for Services Other-$19,910-$19,910
Insurance-$17,829-$17,829
Other Employee Benefits$3,282$2,761$2,731$8,774
Travel$6,224$923-$7,147
Conferences and Meetings$2,256$268-$2,524
Advertising--$2,020$2,020
Total Functional Expenses$639,923$94,737$63,705$798,365

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$963,594
Expenses per Audited Statements$798,365
Total Expenses per Form 990$798,365
Expenses Not Reported on Form 990$165,229
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$269,350
Fundraising Direct Expenses$147,892
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Roast$269,350$269,350$147,892$121,458
Total Events$269,350$269,350$147,892$121,458
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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

Part VI Section B Form 990 Review

The executive director reviews form 990 with the organization's finance committee before the organization files form 990. The executive director sends copies of form 990 to members of the governing body after the return is filed.

Part VI Section B Salary Review

The Executive Director's Salary was determined following a review of data supplied by the national organization on Executive Director's salaries. a A review of Executive Director salaries provided by a local organization was undertaken as well.

Part VI Section C Disclosure

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Part VI Section B Conflict of Interest

A conflict of interest disclosure statement is completed by the organization's board of directors on an annual basis.

Part VI Section A Changes to By-laws

Statement summarizing significant changes to the organization's by-laws attached.

Filing and Contact Details

Filer

Filer Name
Horizons Hampton Roads Inc
EIN
54-1946180
In Care Of
% DICK TROWBRIDGE
Phone
7574120249
Address
7336 GRANBY STREET, NORFOLK, VA 23505

Signing Officer

Name
Dick Trowbridge
Title
Executive Director
Phone
7574100249
Signed
2018-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dick Trowbridge
Formed
1999
Legal Domicile
Va
Voting Board Members
23
Independent Board Members
23
Employees
88
Volunteers
80

Preparer

Firm
Bdo USA Llp
Address
150 Boush Street Suite 1100, Norfolk, VA 23510
Preparer
James E Prince III
Phone
7576407190
Supplemental Narrative

Additional Explanations

990 Part XI Reconciliation

Net increase in beneficial interest of hampton roads community foundation

Financial Statement Notes

Endowment

The organization's endowment was created to provide operational funds to the organization in future years.

Sch D, Part X, Line 2 - Fin 48 Footnote

Management continually evaluates tax positions reflected in the organization's tax filings and believes no material uncertain tax positions exist.

Sch D, Part XI, Line 2D

Net increase of $68,359 in the interest in net assets of the hampton roads community foundation.

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IRS990/Desc0Horizons Hampton Roads (HHR) provides an academic, cultural, and recreational program designed to encourage a diverse group of students from low-income families to realize their full potential. Guided by a professional and licensed faculty, children are encouraged to take responsibility for their own experience and HHR provides many of the tools needed to guide them in the direction of personal responsibility, career success and community leadership. HHR emphasizes a time-tested combination of academics, art, music, cultural enrichment, and water safety. A 4:1 student/teacher ratio is maintained to optimize the project-based learning environment, supplemented by carefully orchestrated "learning journeysopportunities for service to others. Reading is a focus. Horizons tests skill levels for all students at the beginning of the summer. Reading specialists work with small groups and individual students to improve on weak areas. At the start of the summer program, all students are assessed using standardized testing as identified by Horizons National. Licensed teachers, reading specialists and school guidance counselors are then able to guide students to appropriate reading and math materials that match the students' levels while challenging them and strengthening their skills. Children who require more remedial assistance are assigned to a reading specialist. Testing at program end typically shows 2-3 months improvement in skill levels, compounded year after year as students return to Horizons. The Horizons STEM initiatives provide additional opportunities for learning in the areas of science, technology, engineering and math. During the tax year ending 9/30/2017: 431 students, grades K-10, were enrolled in Horizons six week, full time summer or year round programs. Student demographics: Gender - Female 55%, Male 45% Ethnicity - African American 86%, Hispanic 5%, Caucasian 7%, Other 2% Low-Income - 98% eligible for free/reduced lunch. Retention rate from previous summer: 74%
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IRS990/MissionDesc0HORIZONS HAMPTON ROADS IS A NOT-FOR-PROFIT ACADEMIC, CULTURAL, AND RECREATIONAL PROGRAM DESIGNED TO ENCOURAGE A DIVERSE GROUP OF STUDENTS FROM LOW-INCOME FAMILIES TO REALIZE THEIR FULL POTENTIAL. DISCRETE GOALS TO ACCOMPLISH THIS MISSION: - SUPPORT STUDENTS IN ACQUIRING THE SKILLS, KNOWLEDGE, CHARACTER AND ASPIRATION TO GRADUATE HIGH SCHOOL AND TO BE PRODUCTIVE MEMBERS OF SOCIETY. - PREPARE STUDENTS FOR COLLEGE AND/OR CAREER READINESS. - REVERSE THE TREND OF SUMMER LEARNING DECLINE BY PROVIDING THE HIGHEST QUALITY ACADEMIC EXPERIENCE POSSIBLE RESULTING IN IMPROVED ACADEMIC PERFORMANCE AND FUEL A LIFELONG PASSION FOR LEARNING. - EXPOSE STUDENTS TO A VARIETY OF RECREATIONAL, CULTURAL, AND SOCIAL EXPERIENCES INCLUDING TEACHING ALL CHILDREN TO SWIM. - ENCOURAGE AND EDUCATE PARENTS ON HOW TO PARTICIPATE AND SUPPORT THEIR CHILDREN'S EDUCATION. FOUNDED IN 1999, STRONG PUBLIC-PRIVATE PARTNERSHIPS ARE THE FOUNDATION OF HORIZONS HAMPTON ROADS (HHR). USING THE FACILITIES OF CHESAPEAKE BAY ACADEMY
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.26$0.01$1.25$1.17$0.93$0.24
2024Detailed filing. Detailed filing data is available for this year.$1.03$0.12$0.91$0.84$0.96$0.12
2023Detailed filing. Detailed filing data is available for this year.$1.14$0.15$0.98$0.75$1.06$0.32
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.62$0.89$0.28
2021Detailed filing. Detailed filing data is available for this year.$1.53$0.01$1.52$0.81$0.67$0.15
2020Detailed filing. Detailed filing data is available for this year.$1.18$0.12$1.07$0.46$0.58$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.89$0.83$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.12$0.02$1.10$0.68$0.81$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$1.19$0.80$0.39
2016Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.77$0.75$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.76$0.73$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.96$0.70$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.05$0.35$0.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.06$0.32$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.06$0.29$0.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.06$0.27$0.68