Civic Intelligence

Theological Horizons Inc.

990 • Fiscal year 2023 • EIN 58-1594037

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 24, 2023

1841 University CircleCharlottesville, VA 22903

(434) 244-2839

Siviq Scores

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

Liabilities / Assets

60th percentile

0.05x

Higher debt load relative to assets than 60% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

53rd percentile

0.03x

Higher debt load relative to revenue than 53% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

25th percentile

-9.1%

Higher net margin than 25% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

89th percentile

$108,160

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

14th percentile

-15%

Faster asset growth than 14% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

49th percentile

7.3%

Faster revenue growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$281,815

Down $48,762 (-15%) from 2022

Net Assets

Down

$268,060

Down $49,168 (-15%) from 2022

Liabilities

Up

$13,755

Up $406 (+3.0%) from 2022

Revenue

Up

$537,622

Up $36,699 (+7.3%) from 2022

Expenses

Up

$586,790

Up $116,656 (+25%) from 2022

Net Income

Down

-$49,168

Down $79,957 (-260%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $479,241Liabilities 2011: $3,3462011Assets 2012: $477,235Liabilities 2012: $3,9112012Assets 2013: $479,217Liabilities 2013: $122,1552013Assets 2014: $572,739Liabilities 2014: $174,119Net Assets 2014: $398,6202014Assets 2015: $593,250Liabilities 2015: $170,045Net Assets 2015: $423,2052015Assets 2016: $656,355Liabilities 2016: $162,440Net Assets 2016: $493,9152016Assets 2017: $594,050Liabilities 2017: $159,238Net Assets 2017: $434,8122017Assets 2018: $570,547Liabilities 2018: $160,400Net Assets 2018: $410,1472018Assets 2019: $572,354Liabilities 2019: $147,550Net Assets 2019: $424,8042019Assets 2020: $290,971Liabilities 2020: $24,790Net Assets 2020: $266,1812020Assets 2021: $308,119Liabilities 2021: $21,712Net Assets 2021: $286,4072021Assets 2022: $330,577Liabilities 2022: $13,349Net Assets 2022: $317,2282022Assets 2023: $281,815Liabilities 2023: $13,755Net Assets 2023: $268,0602023Assets 2024: $300,759Liabilities 2024: $15,525Net Assets 2024: $285,2342024Assets 2025: $399,512Liabilities 2025: $12,833Net Assets 2025: $386,6792025

Highlighted filing

2023

Assets$281,815
Liabilities$13,755
Net Assets$268,060

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $110,538Expenses 2011: $118,170Net Income 2011: -$7,6322011Revenue 2012: $115,400Expenses 2012: $109,095Net Income 2012: $6,3052012Revenue 2013: $120,352Expenses 2013: $129,846Net Income 2013: -$9,4942013Revenue 2014: $188,233Expenses 2014: $140,661Net Income 2014: $47,5722014Revenue 2015: $209,929Expenses 2015: $187,426Net Income 2015: $22,5032015Revenue 2016: $281,181Expenses 2016: $210,471Net Income 2016: $70,7102016Revenue 2017: $249,160Expenses 2017: $246,358Net Income 2017: $2,8022017Revenue 2018: $244,636Expenses 2018: $269,301Net Income 2018: -$24,6652018Revenue 2019: $288,938Expenses 2019: $274,281Net Income 2019: $14,6572019Revenue 2020: $334,284Expenses 2020: $332,384Net Income 2020: $1,9002020Revenue 2021: $373,631Expenses 2021: $354,169Net Income 2021: $19,4622021Revenue 2022: $500,923Expenses 2022: $470,134Net Income 2022: $30,7892022Revenue 2023: $537,622Expenses 2023: $586,790Net Income 2023: -$49,1682023Revenue 2024: $560,481Expenses 2024: $560,856Net Income 2024: -$3752024Revenue 2025: $606,912Expenses 2025: $505,467Net Income 2025: $101,4452025

Highlighted filing

2023

Revenue$537,622
Expenses$586,790
Net Income-$49,168
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 24, 2023
Return Version
2022v5.0
Gross Receipts
$537,622
Mission and Program Overview

Mission

To foster and enhance theological scholarship and conversation in the church, academy, and community at large.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$208,943$146,448▼ $62,495
Cash and Non-Interest-Bearing Accounts$121,382$135,115▲ $13,733
Land, Buildings, and Equipment, Net$252$252→ $0
Total Assets$330,577$281,815▼ $48,762
Liabilities
Accounts Payable and Accrued Expenses$13,349$13,755▲ $406
Total Liabilities$13,349$13,755▲ $406
Net Assets / Fund Balance
Net Assets With Donor Restrictions$248,853$199,685▼ $49,168
Net Assets Without Donor Restrictions$68,375$68,375→ $0
Total Net Assets Fund Balance$317,228$268,060▼ $49,168
Total Liabilities and Net Assets / Fund Balance$330,577$281,815▼ $48,762

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$25,475$25,475
Equipment-$8,714$8,714
Leasehold Improvements$252-$252
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karen MarshExecutive DirectorFT$108,160$108,160
Katherine HarrisVice Chair-$19,109$19,109
Alexandra AndrewsDirector-$15,937$15,937

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$537,559
Program Service Revenue
$0
Investment Income
$63
Other Revenue
$0
All Other Contributions
$537,559
Change in Net Assets
$-49,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$339,280
Salaries, Compensation, and Employee Benefits$247,510
Total Fundraising Expense$34,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$99,965$6,739$5,616$112,320
Other Salaries and Wages$92,598$6,243$5,202$104,043
All Other Expenses$75,454$239$197$75,890
Office Expenses$49,968$5,439$3,878$59,285
Occupancy$47,846$3,226$2,688$53,760
Fees for Services Other$32,169$1,090$6,733$39,992
Other Expenses$27,088$146$1,615$28,703
Payroll Taxes$14,731$993$828$16,552
Advertising$14,345-$1,410$15,755
Other Employee Benefits$12,989$876$730$14,595
Fees for Services Accounting$7,757$523$436$8,716
Travel$6,839$9$1,679$8,527
Insurance$2,234$151$126$2,511
Fees for Services Legal$1,509$53$44$1,606
Conferences and Meetings$268--$268
Total Functional Expenses$526,991$25,727$34,072$586,790
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
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 governing body review Part VI line 11

No review was or will be conducted. The organizations finance committee reviews the form 990 tax return and discusses with the full board for final approval.

Conflict of interest policy compliance Part VI line 12C

The organizations governing documents, conflict of interest policy and financial statements can be distributed to the public upon request. However, all requests are subject to the approval of the executive director and the organizations consideration of the intended use of the documents.

CEO executive director top management comp Part VI line 15A

Karen marsh - chief executive officer

Governing documents etc available to public Part VI line 19

No other documents available to the public. The organizations form 990 can be distributed to the public upon request. However, all requests are subject to the approval of the executive director and the organizations consideration of the intended use of the documents.

Filing and Contact Details

Filer

Filer Name
Theological Horizons
EIN
58-1594037
Address
1841 UNIVERSITY CIRCLE, Charlottesville, VA 22903

Signing Officer

Name
Karen Marsh
Title
Executive Direc
Phone
4342442839
Signed
2023-10-24
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Va
Voting Board Members
14
Independent Board Members
12
Employees
13
Volunteers
283

Preparer

Firm
Smith Going & Associates LLC
Address
141 Ednam Dr Suite 100, Charlottesville, VA 22903
Preparer
AJ Smith
Phone
4342146443
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Consulting consulting fees

List of other expenses Part IX line 24E

Books and journals 6,143scholarship and support 1,070honorarium 37,053 printing & publications 28,703events 71,910dues and subscriptions 1,823qb fees 2,116miscellaneous 40

Part III response or note to any other line in Part III

Other services include resource, research and alumni engagement.

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IRS990/MissionDesc0TO FOSTER AND ENHANCE THEOLOGICAL SCHOLARSHIP AND CONVERSATION IN THE CHURCH, ACADEMY, AND COMMUNITY AT LARGE.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OccupancyGrp/TotalAmt053760
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0876
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt014595
IRS990/OtherExpensesGrp/Desc0BOOKS AND JOURNALS
IRS990/OtherExpensesGrp/Desc1SCHOLARSHIP AND SUPPORT
IRS990/OtherExpensesGrp/Desc2HONORARIUM
IRS990/OtherExpensesGrp/Desc3PRINTING AND PUBLICATIONS
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IRS990/OtherExpensesGrp/FundraisingAmt1100
IRS990/OtherExpensesGrp/FundraisingAmt21615
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0146
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IRS990/OtherExpensesGrp/ProgramServicesAmt11070
IRS990/OtherExpensesGrp/ProgramServicesAmt236953
IRS990/OtherExpensesGrp/ProgramServicesAmt327088
IRS990/OtherExpensesGrp/TotalAmt06144
IRS990/OtherExpensesGrp/TotalAmt11070
IRS990/OtherExpensesGrp/TotalAmt237053
IRS990/OtherExpensesGrp/TotalAmt328703
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05202
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06243
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt092598
IRS990/OtherSalariesAndWagesGrp/TotalAmt0104043
IRS990/OwnWebsiteInd0X
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IRS990/PayrollTaxesGrp/FundraisingAmt0828
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0993
IRS990/PayrollTaxesGrp/ProgramServicesAmt014731
IRS990/PayrollTaxesGrp/TotalAmt016552
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Mentoring and discipleship groups Offering a network of belonging in a mentoring community where participants can ask big questions, wrestle with spiritual and intellectual truths, and grow in their Christian faith.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt073825
IRS990/ProgSrvcAccomActy3Grp/Desc0Publications & Podcasts Providing resources on topics of faith, thought & life for public use by students, scholars, clergy and lay people.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt069953
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0500869
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt054
IRS990/PYOtherExpensesAmt0250776
IRS990/PYRevenuesLessExpensesAmt030789
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IRS990/PYTotalExpensesAmt0470134
IRS990/PYTotalRevenueAmt0500923
IRS990/ReconcilationRevenueExpnssAmt0-49168
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0500870
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0373609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0334268
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0288913
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02035219
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt063
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt054
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt025
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.89250
IRS990ScheduleA/PublicSupportTotal170Amt01657557
IRS990ScheduleA/SubstantialContributorsTotAmt0377662
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0537559
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0500870
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0373609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0334268
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0288913
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02035219
IRS990ScheduleA/TotalSupportAmt02035399
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08714
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08714
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0252
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0252
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt025475
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt025475
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0252
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED. THE ORGANIZATIONS FINANCE COMMITTEE REVIEWS THE FORM 990 TAX RETURN AND DISCUSSES WITH THE FULL BOARD FOR FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. HOWEVER, ALL REQUESTS ARE SUBJECT TO THE APPROVAL OF THE EXECUTIVE DIRECTOR AND THE ORGANIZATIONS CONSIDERATION OF THE INTENDED USE OF THE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KAREN MARSH - CHIEF EXECUTIVE OFFICER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC. THE ORGANIZATIONS FORM 990 CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. HOWEVER, ALL REQUESTS ARE SUBJECT TO THE APPROVAL OF THE EXECUTIVE DIRECTOR AND THE ORGANIZATIONS CONSIDERATION OF THE INTENDED USE OF THE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING CONSULTING FEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOKS AND JOURNALS 6,143SCHOLARSHIP AND SUPPORT 1,070HONORARIUM 37,053 PRINTING & PUBLICATIONS 28,703EVENTS 71,910DUES AND SUBSCRIPTIONS 1,823QB FEES 2,116MISCELLANEOUS 40
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other services include resource, research and alumni engagement.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part III response or note to any other line in Part III
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0330577
IRS990/TotalAssetsEOYAmt0281815
IRS990/TotalAssetsGrp/BOYAmt0330577

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.00$0.13$3.87$6.07$5.05$1.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$0.16$2.85$5.60$5.61$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.82$0.14$2.68$5.38$5.87$0.49
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.13$3.17$5.01$4.70$0.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.08$0.22$2.86$3.74$3.54$0.19
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$0.25$2.66$3.34$3.32$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.72$1.48$4.25$2.89$2.74$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.71$1.60$4.10$2.45$2.69$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.94$1.59$4.35$2.49$2.46$0.03
2016Detailed filing. Detailed filing data is available for this year.$6.56$1.62$4.94$2.81$2.10$0.71
2015Summary only. Only limited summary data is available for this year.$5.93$1.70$4.23$2.10$1.87$0.23
2014Summary only. Only limited summary data is available for this year.$5.73$1.74$3.99$1.88$1.41$0.48
2013Summary only. Only limited summary data is available for this year.$4.79$1.22$1.20$1.30$0.09
2012Summary only. Only limited summary data is available for this year.$4.77$0.04$1.15$1.09$0.06
2011Summary only. Only limited summary data is available for this year.$4.79$0.03$1.11$1.18$0.08