Civic Intelligence

Frontier Horizon Inc.

990 • Fiscal year 2023 • EIN 54-2034061

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 28, 2024

PO Box 4429Virginia Beach, VA 23454

(757) 749-3921

Siviq Scores

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

Liabilities / Assets

98th percentile

4.41x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

0.61x

Higher debt load relative to revenue than 93% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

16th percentile

-28%

Higher net margin than 16% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

98th percentile

$94,846

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 22.4% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

8th percentile

-63%

Faster asset growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-49%

Faster revenue growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$58,730

Down $100,469 (-63%) from 2022

Net Assets

Down

-$199,991

Down $119,211 (-148%) from 2022

Liabilities

Up

$258,721

Up $18,742 (+7.8%) from 2022

Revenue

Down

$424,000

Down $407,022 (-49%) from 2022

Expenses

Down

$543,211

Down $293,893 (-35%) from 2022

Net Income

Down

-$119,211

Down $113,129 (-1860%) from 2022

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200K-$400KAssets 2010: $15,485Liabilities 2010: $77,597Net Assets 2010: -$62,1122010Assets 2011: $111,122Liabilities 2011: $149,730Net Assets 2011: -$38,6082011Assets 2012: $41,048Liabilities 2012: $109,939Net Assets 2012: -$68,8912012Assets 2013: $45,779Liabilities 2013: $157,647Net Assets 2013: -$111,8682013Assets 2014: $12,068Liabilities 2014: $158,120Net Assets 2014: -$146,0522014Assets 2015: $26,158Liabilities 2015: $171,129Net Assets 2015: -$144,9712015Assets 2016: $23,616Liabilities 2016: $116,141Net Assets 2016: -$92,5252016Assets 2017: $33,292Liabilities 2017: $118,431Net Assets 2017: -$85,1392017Assets 2018: $54,496Liabilities 2018: $64,644Net Assets 2018: -$10,1482018Assets 2019: $39,181Liabilities 2019: $40,205Net Assets 2019: -$1,0242019Assets 2020: $46,868Liabilities 2020: $109,592Net Assets 2020: -$62,7242020Assets 2021: $86,943Liabilities 2021: $162,504Net Assets 2021: -$75,5612021Assets 2022: $159,199Liabilities 2022: $239,979Net Assets 2022: -$80,7802022Assets 2023: $58,730Liabilities 2023: $258,721Net Assets 2023: -$199,9912023Assets 2024: $23,084Liabilities 2024: $251,722Net Assets 2024: -$228,6382024

Highlighted filing

2023

Assets$58,730
Liabilities$258,721
Net Assets-$199,991

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $494,7712010Expenses 2011: $441,1812011Expenses 2012: $384,0602012Revenue 2013: $264,633Expenses 2013: $307,610Net Income 2013: -$42,9772013Revenue 2014: $185,470Expenses 2014: $219,652Net Income 2014: -$34,1822014Revenue 2015: $237,644Expenses 2015: $236,565Net Income 2015: $1,0792015Revenue 2016: $256,913Expenses 2016: $204,467Net Income 2016: $52,4462016Revenue 2017: $210,395Expenses 2017: $203,009Net Income 2017: $7,3862017Revenue 2018: $275,284Expenses 2018: $200,291Net Income 2018: $74,9932018Revenue 2019: $231,590Expenses 2019: $222,467Net Income 2019: $9,1232019Revenue 2020: $43,822Expenses 2020: $101,007Net Income 2020: -$57,1852020Revenue 2021: $337,964Expenses 2021: $350,801Net Income 2021: -$12,8372021Revenue 2022: $831,022Expenses 2022: $837,104Net Income 2022: -$6,0822022Revenue 2023: $424,000Expenses 2023: $543,211Net Income 2023: -$119,2112023Revenue 2024: $416,442Expenses 2024: $445,089Net Income 2024: -$28,6472024

Highlighted filing

2023

Revenue$424,000
Expenses$543,211
Net Income-$119,211
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 28, 2024
Return Version
2023v4.0
Gross Receipts
$424,000
Mission and Program Overview

Mission

To improve the health, education and general welfare of orphan children living in Ukraine and Nicaragua.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$78,961$111,961▲ $33,000
Cash and Non-Interest-Bearing Accounts$158,830$58,730▼ $100,100
Prepaid Expenses and Deferred Charges$260$0▼ $260
Land, Buildings, and Equipment, Net$109$0▼ $109
Total Assets$159,199$58,730▼ $100,469
Liabilities
Unsecured Notes Loans Payable$125,000$125,000→ $0
Accounts Payable and Accrued Expenses$36,018$21,760▼ $14,258
Total Liabilities$239,979$258,721▲ $18,742
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-80,780$-199,991▼ $119,211
Total Net Assets Fund Balance$-80,780$-199,991▼ $119,211
Total Liabilities and Net Assets / Fund Balance$159,199$58,730▼ $100,469

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$2,900-
Equipment$0$984-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas Sasser--$94,846$11,901$106,747
Thomas SasserExecutive DirectorFT$94,846-$94,846

Board Members and Trustees

NameTitle
Vincent RosiniFounder and President
Brian SachsBoard Member
Jon ClineBoard Member
Melanie TraughberBoard Member
Michael BradyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$423,986
Program Service Revenue
$0
Investment Income
$14
Other Revenue
$0
All Other Contributions
$423,986
Change in Net Assets
$-119,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$429,278
Salaries, Compensation, and Employee Benefits$113,933
Total Fundraising Expense$88,210
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$83,162$7,567$8,994$99,723
Current Officers, Directors, Trustees, and Key Employees$38,538$9,385$46,923$94,846
Fees for Services Accounting$0$17,413$0$17,413
Advertising$0$0$17,100$17,100
Other Employee Benefits$4,760$1,190$5,950$11,900
Payroll Taxes$2,875$719$3,593$7,187
Other Expenses$228$65$5,650$5,943
Interest$0$4,489$0$4,489
Office Expenses$250$890$0$1,140
Depreciation Depletion$0$109$0$109
Total Functional Expenses$413,174$41,827$88,210$543,211
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$78,961$111,961▲ $33,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Frontier Horizon Inc
EIN
54-2034061
Phone
7577493921
Address
PO Box 4429, Virginia Beach, VA 23454

Signing Officer

Name
Vincent Rosini
Title
Executive Director
Phone
7577493921
Signed
2024-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vincent Rosini
Formed
2001
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
4
Employees
1
Volunteers
0

Preparer

Firm
FInn Gartman Hart PLC
Address
1604 Hilltop West Exec CtrSte 208, Virginia Beach, VA 23451
Preparer
Michael D Gartman
Phone
7574251532
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A draft of the 990 is sent to the entire Board of Directors for their review. Any comments or corrections are submitted within 3 days and the Board then approves the 990 for filing.

Form 990, Part IX, Line 24E

Telephone 1428. 0. 1428. 0.

Form 990, Part IX, Line 24E

Contract Labor 78718. 77630. 0. 1088.

Form 990, Part IX, Line 24E

Subscriptions and Fees 6513. 400. 5531. 582.

Form 990, Part IX, Line 24E

Miscellaneous Costs 7932. 0. 608. 7324.

Form 990, Part IX, Line 24E

Benevolence 5132. 5132. 0. 0.

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt064
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt012000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04104
IRS990ScheduleA/OtherIncome509Grp/TotalAmt016104
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99130
IRS990ScheduleA/PublicSupportPY509Pct00.99060
IRS990ScheduleA/PublicSupportTotal509Amt01849973
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0423986
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0830972
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0325964
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt037461
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0231590
IRS990ScheduleA/Total509Grp/TotalAmt01849973
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01866141
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0984
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0984
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02900
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt02900
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt094846
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt011901
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Thomas Sasser
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0106747
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Performance Bonus was applied at specific organization revenue benchmarks
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 5a
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0111961
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Working Capital
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt050000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Vincent Rosini
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Exec Dir
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt0111961
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A draft of the 990 is sent to the entire Board of Directors for their review. Any comments or corrections are submitted within 3 days and the Board then approves the 990 for filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Telephone 1428. 0. 1428. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Contract Labor 78718. 77630. 0. 1088.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Subscriptions and Fees 6513. 400. 5531. 582.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Miscellaneous Costs 7932. 0. 608. 7324.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Benevolence 5132. 5132. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0159199
IRS990/TotalAssetsEOYAmt058730
IRS990/TotalAssetsGrp/BOYAmt0159199
IRS990/TotalAssetsGrp/EOYAmt058730
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0423986
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt088210
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041827
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0413174
IRS990/TotalFunctionalExpensesGrp/TotalAmt0543211
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0239979
IRS990/TotalLiabilitiesEOYAmt0258721
IRS990/TotalLiabilitiesGrp/BOYAmt0239979
IRS990/TotalLiabilitiesGrp/EOYAmt0258721
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-80780
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-199991
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0413174
IRS990/TotalReportableCompFromOrgAmt094846
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0424000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0159199
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt058730
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$2.52$2.29$4.16$4.45$0.29
2023Detailed filing. Detailed filing data is available for this year.$0.59$2.59$2.00$4.24$5.43$1.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$2.40$0.81$8.31$8.37$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$1.63$0.76$3.38$3.51$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$1.10$0.63$0.44$1.01$0.57
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.40$0.01$2.32$2.22$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.65$0.10$2.75$2.00$0.75
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$1.18$0.85$2.10$2.03$0.07
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$1.16$0.93$2.57$2.04$0.52
2015Detailed filing. Detailed filing data is available for this year.$0.26$1.71$1.45$2.38$2.37$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.12$1.58$1.46$1.85$2.20$0.34
2013Detailed filing. Detailed filing data is available for this year.$0.46$1.58$1.12$2.65$3.08$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$1.10$0.69$3.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$1.50$0.39$4.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.78$0.62$4.95