Civic Intelligence

Horizons Hampton Roads Inc.

990 • Fiscal year 2020 • EIN 54-1946180

Oct 01, 2019 to Sep 30, 2020 • Filed on Jan 06, 2021

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

50th percentile

0.10x

Higher debt load relative to assets than 50% of similar nonprofits.

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

Liabilities / Revenue

65th percentile

0.25x

Higher debt load relative to revenue than 65% of similar nonprofits.

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

Net Margin

13th percentile

-26%

Higher net margin than 13% of similar nonprofits.

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

Top Officer Pay

70th percentile

$102,128

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 22.3% of source-year revenue.

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

Asset Growth

26th percentile

-1.5%

Faster asset growth than 26% of similar nonprofits.

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

Revenue Growth

8th percentile

-48%

Faster revenue growth than 8% of similar nonprofits.

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

Assets

Down

$1,181,629

Down $17,878 (-1.5%) from 2019

Net Assets

Down

$1,065,430

Down $131,222 (-11%) from 2019

Liabilities

Up

$116,199

Up $113,344 (+3970%) from 2019

Revenue

Down

$458,620

Down $429,803 (-48%) from 2019

Expenses

Down

$579,936

Down $246,462 (-30%) from 2019

Net Income

Down

-$121,316

Down $183,341 (-296%) from 2019

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

2020

Assets$1,181,629
Liabilities$116,199
Net Assets$1,065,430

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

2020

Revenue$458,620
Expenses$579,936
Net Income-$121,316
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jan 6, 2021
Return Version
2019v5.0
Gross Receipts
$458,620
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.

To improve academic and developmental performance of impoverished children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$186,715$220,497▲ $33,782
Pledges and Grants Receivable$241,505$109,603▼ $131,902
Savings and Temporary Cash Investments-$82,983-
Prepaid Expenses and Deferred Charges-$6,015-
Total Assets$1,199,507$1,181,629▼ $17,878
Other Assets Total$771,287$762,531▼ $8,756
Liabilities
Deferred Revenue-$112,100-
Accounts Payable and Accrued Expenses$2,855$4,099▲ $1,244
Total Liabilities$2,855$116,199▲ $113,344
Net Assets / Fund Balance
Net Assets With Donor Restrictions$828,423$689,836▼ $138,587
Net Assets Without Donor Restrictions$368,229$375,594▲ $7,365
Total Net Assets Fund Balance$1,196,652$1,065,430▼ $131,222
Total Liabilities and Net Assets / Fund Balance$1,199,507$1,181,629▼ $17,878

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$762,531--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$771,287$1,150▼ $9,906-$762,531
2018$738,403$1,350▲ $31,983-$771,736
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
J Richard TrowbridgeExecutive DiFT$97,375$4,753$102,128

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$455,234
Program Service Revenue
$3,024
Investment Income
$56
Other Revenue
$306
All Other Contributions
$403,379
Change in Net Assets
$-121,316

Audited Revenue Reconciliation

Revenue per Audited Statements
$458,620
Revenue Not Reported on Form 990
$-2,110
Total Revenue per Audited Statements
$456,510
Total Revenue per Form 990
$458,620
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$414,510
Other Expenses$165,426
Total Fundraising Expense$91,527
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$223,370$5,513$38,704$267,587
Current Officers, Directors, Trustees, and Key Employees$35,745$40,851$25,532$102,128
Payroll Taxes$20,180$3,401$4,824$28,405
Other Employee Benefits$7,158$2,245$6,987$16,390
Fees for Services Other-$13,827-$13,827
Insurance$11,976$1,585-$13,561
Advertising-$645$10,461$11,106
Travel$2,581$5,781-$8,362
Information Technology$2,375$3,508$2,074$7,957
Office Expenses$555$3,099$732$4,386
Other Expenses$70$630$1,825$2,525
Conferences and Meetings$695$1,557$130$2,382
Occupancy$930--$930
All Other Expenses$285--$285
Total Functional Expenses$404,828$83,581$91,527$579,936

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$587,732
Expenses per Audited Statements$579,936
Total Expenses per Form 990$579,936
Expenses Not Reported on Form 990$7,796
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 12C

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

Form 990, Page 6, Part VI, Line 15A

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

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Horizons Hampton Roads Inc
EIN
54-1946180
Phone
7574120249
Address
7336 GRANBY STREET, NORFOLK, VA 23505

Signing Officer

Name
J Richard Trowbridge
Title
Executive Director
Phone
7574120249
Signed
2021-01-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Richard Trowbridge
Formed
1999
Legal Domicile
Va
Voting Board Members
19
Independent Board Members
18
Employees
94
Volunteers
85

Preparer

Firm
Corbin & Company Pc
Address
501 INDEPENDENCE PARKWAY STE 275, CHESAPEAKE, VA 23320
Preparer
Julie L Sokolowski CPA
Phone
7574364577
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Horizons 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 in virginia beach, norfolk collegiate school in norfolk, and portsmouth catholic regional school in portsmouth, hhr is able to offer its k-8 program for six weeks during the summer serving students in each of these city public school systems. Guided by a professional and nurturing faculty in small group settings, hhr emphasizes academics and also exposes children to a variety of enrichment experiences, as well as providing nutritious breakfast and lunch each day.

Form 990, Page 2, Part III, Line 4A

Horizons 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. Horizons aims for continuing student/family relationships for up to all nine years of the summer program, and over 75% of students return each summer. Guided by a professional and licensed faculty, children are encouraged to take responsibility for their own experience and hhr provides many of the social emotional learning 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 field trips and opportunities 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 reading and math 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 9/30/2020, horizons made major adjustments due to covid-19, providing summer programming to students at their homes through virtual academic, enrichment and social emotional support. Each student was provided with a kit of individual grade-specific materials, including about 6 books, curriculum materials, stem and art kits, and school supplies, as well as foodbank meals and grocery store giftcards.

Form 990, Part XI, Line 9

Change in interest in net assets of hrcf -9,906

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

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

Schedule D, Page 3, Part X

The organization is exempt from income taxes under the provisions of section 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activities. Internal revenue code section 513(a) defines an unrelated trade or business of an exempt organization as any trade or business which in not substantially related to the exercise or performance of its exempt purpose. Currently, the organization has no obligation for any unrelated business income tax. As such, no provision for income taxes is reflected in the financial statements. As of september 30, 2020, fiscal years ending on or after september 30, 2017 remain subject to examination by taxing authorities. The organization believes it has appropriate support for any tax position taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

Schedule D, Page 4, Part XI, Line 2D

Change in interest in net assets of hrcf -9,906

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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. HORIZONS AIMS FOR CONTINUING STUDENT/FAMILY RELATIONSHIPS FOR UP TO ALL NINE YEARS OF THE SUMMER PROGRAM, AND OVER 75% OF STUDENTS RETURN EACH SUMMER. GUIDED BY A PROFESSIONAL AND LICENSED FACULTY, CHILDREN ARE ENCOURAGED TO TAKE RESPONSIBILITY FOR THEIR OWN EXPERIENCE AND HHR PROVIDES MANY OF THE SOCIAL EMOTIONAL LEARNING 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 FIELD TRIPS AND OPPORTUNITIES 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 READING AND MATH 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 9/30/2020, HORIZONS MADE MAJOR ADJUSTMENTS DUE TO COVID-19, PROVIDING SUMMER PROGRAMMING TO STUDENTS AT THEIR HOMES THROUGH VIRTUAL ACADEMIC, ENRICHMENT AND SOCIAL EMOTIONAL SUPPORT. EACH STUDENT WAS PROVIDED WITH A KIT OF INDIVIDUAL GRADE-SPECIFIC MATERIALS, INCLUDING ABOUT 6 BOOKS, CURRICULUM MATERIALS, STEM AND ART KITS, AND SCHOOL SUPPLIES, AS WELL AS FOODBANK MEALS AND GROCERY STORE GIFTCARDS.
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IRS990/Form990PartVIISectionAGrp/PersonNm8STEVEN BYRD
IRS990/Form990PartVIISectionAGrp/PersonNm9SHARON BYRDSONG
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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 IN
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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