Civic Intelligence

Horizons Hampton Roads Inc.

990 • Fiscal year 2018 • EIN 54-1946180

Oct 01, 2017 to Sep 30, 2018 • Filed on Jan 07, 2019

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

29th percentile

0.02x

Higher debt load relative to assets than 29% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

29th percentile

0.03x

Higher debt load relative to revenue than 29% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

66th percentile

$95,000

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

23rd percentile

-5.3%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-43%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,119,731

Down $62,062 (-5.3%) from 2017

Net Assets

Down

$1,102,644

Down $76,473 (-6.5%) from 2017

Liabilities

Up

$17,087

Up $14,411 (+539%) from 2017

Revenue

Down

$679,259

Down $512,014 (-43%) from 2017

Expenses

Up

$806,012

Up $7,647 (+1.0%) from 2017

Net Income

Down

-$126,753

Down $519,661 (-132%) from 2017

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

2018

Assets$1,119,731
Liabilities$17,087
Net Assets$1,102,644

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

2018

Revenue$679,259
Expenses$806,012
Net Income-$126,753
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jan 7, 2019
Return Version
2017v2.3
Gross Receipts
$722,632
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$346,083$220,313▼ $125,770
Cash and Non-Interest-Bearing Accounts$147,536$161,464▲ $13,928
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$1,181,793$1,119,731▼ $62,062
Other Assets Total$688,174$737,954▲ $49,780
Liabilities
Accounts Payable and Accrued Expenses$2,676$17,087▲ $14,411
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$2,676$17,087▲ $14,411
Net Assets / Fund Balance
Temporarily Rstr Net Assets$486,385$406,608▼ $79,777
Permanently Rstr Net Assets$380,600$382,750▲ $2,150
Unrestricted Net Assets$312,132$313,286▲ $1,154
Total Net Assets Fund Balance$1,179,117$1,102,644▼ $76,473
Total Liabilities and Net Assets / Fund Balance$1,181,793$1,119,731▼ $62,062

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$685,974$2,149▲ $50,280-$738,403
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
J Richard TrowbridgeExecutive DirectorFT$95,000$95,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$652,817
Program Service Revenue
$9,080
Investment Income
$1,972
Other Revenue
$15,390
All Other Contributions
$598,578
Change in Net Assets
$-126,753

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
Food Inventory1$18,450Fair Market Value
Other Non Cash Contri Table1$6,4340
Total Noncash Contributions2$24,884-

Audited Revenue Reconciliation

Revenue per Audited Statements
$679,259
Revenue Not Reported on Form 990
$210,895
Total Revenue per Audited Statements
$890,154
Total Revenue per Form 990
$679,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$560,068
Other Expenses$245,944
Total Fundraising Expense$55,521
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$365,179-$35,889$401,068
Current Officers, Directors, Trustees, and Key Employees$37,500$53,333$9,167$100,000
Fees for Services Other-$38,455-$38,455
Payroll Taxes$30,731$4,132$3,424$38,287
All Other Expenses$19,365$10,818$2,252$32,435
Other Expenses$23,982$1,885-$25,867
Other Employee Benefits$7,632$10,569$2,512$20,713
Insurance-$14,396-$14,396
Conferences and Meetings$1,933$1,053-$2,986
Advertising--$2,277$2,277
Travel$25$449-$474
Total Functional Expenses$615,401$135,090$55,521$806,012

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$966,627
Expenses per Audited Statements$806,012
Total Expenses per Form 990$806,012
Expenses Not Reported on Form 990$160,615
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$58,763
Fundraising Direct Expenses$43,373
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Top Golf$58,763$58,763$43,373$15,390
Total Events$58,763$58,763$43,373$15,390
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
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

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.

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
2019-01-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dick Trowbridge
Formed
1999
Legal Domicile
Va
Voting Board Members
22
Independent Board Members
21
Employees
89
Volunteers
85

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, Line 9 Reconciliation of Net Assets

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 $50,280 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: 491 students, grades K-12, were enrolled in Horizons six week, full time summer or year round programs. Student demographics: Gender - Female 55%, Male 45% Ethnicity - African American 84%, Hispanic 7%, Caucasian 8%, Other 1% Low-Income - 95% eligible for free/reduced lunch.
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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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IRS990/PrincipalOfficerNm0DICK TROWBRIDGE

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