Civic Intelligence

Horizon University Inc.

990 • Fiscal year 2019 • EIN 82-2277191

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 05, 2019

Organization ProfileWWW.HORIZONUNIVERSITY.EDU
7700 Indian Lake RdIndianapolis, IN 46236

(800) 553-4674

Siviq Scores

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

Liabilities / Assets

71st percentile

0.03x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

68th percentile

0.01x

Higher debt load relative to revenue than 68% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

38th percentile

-1.0%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

84th percentile

$21,530

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

37th percentile

-3.9%

Faster asset growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

13%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$84,234

Down $3,438 (-3.9%) from 2018

Net Assets

Down

$81,291

Down $2,039 (-2.4%) from 2018

Liabilities

Down

$2,943

Down $1,399 (-32%) from 2018

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin38th percentile

Revenue

Up

$213,044

Up $23,899 (+13%) from 2018

Expenses

Down

$215,087

Down $24,193 (-10%) from 2018

Net Income

Up

-$2,043

Up $48,092 (+96%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$400K$300K$200K$100K$0Assets 2018: $87,672Liabilities 2018: $4,342Net Assets 2018: $83,3302018Assets 2019: $84,234Liabilities 2019: $2,943Net Assets 2019: $81,2912019Assets 2020: $150,228Liabilities 2020: $2,682Net Assets 2020: $147,5462020Assets 2021: $175,715Liabilities 2021: $701Net Assets 2021: $175,0142021Assets 2022: $235,301Liabilities 2022: $3,038Net Assets 2022: $232,2632022Assets 2023: $234,480Liabilities 2023: $16,479Net Assets 2023: $218,0012023Assets 2024: $315,261Liabilities 2024: $1,249Net Assets 2024: $314,0122024Assets 2025: $391,020Liabilities 2025: $1,565Net Assets 2025: $389,4552025

Highlighted filing

2019

Assets$84,234
Liabilities$2,943
Net Assets$81,291
Open 2019 Filing

Operations Trend

Revenue Growth66th percentile

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

$600K$400K$200K$0-$200KRevenue 2018: $189,145Expenses 2018: $239,280Net Income 2018: -$50,1352018Revenue 2019: $213,044Expenses 2019: $215,087Net Income 2019: -$2,0432019Revenue 2020: $293,797Expenses 2020: $227,542Net Income 2020: $66,2552020Revenue 2021: $273,004Expenses 2021: $245,536Net Income 2021: $27,4682021Revenue 2022: $322,553Expenses 2022: $265,304Net Income 2022: $57,2492022Revenue 2023: $261,621Expenses 2023: $275,883Net Income 2023: -$14,2622023Revenue 2024: $404,306Expenses 2024: $308,295Net Income 2024: $96,0112024Revenue 2025: $417,564Expenses 2025: $342,121Net Income 2025: $75,4432025

Highlighted filing

2019

Revenue$213,044
Expenses$215,087
Net Income-$2,043
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 5, 2019
Return Version
2018v3.1
Gross Receipts
$213,044
Mission and Program Overview

Mission

Horizon enables students seeking christ-centered instruction to develop critical thinking skills, a broad knowledge base, and a biblically integrated understanding of their vocation, so that they will successfully inspire servant leadership as they excel in their profession and as they win, disciple, and send others for jesus christ.

Private liberal arts college offering post secondary education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$59,836$52,237▼ $7,599
Cash and Non-Interest-Bearing Accounts$23,438$26,744▲ $3,306
Accounts Receivable$2,185$3,950▲ $1,765
Inventories for Sale or Use$2,215$1,303▼ $912
Total Assets$87,674$84,234▼ $3,440
Liabilities
Other Liabilities$3,860$2,956▼ $904
Accounts Payable and Accrued Expenses$480$-13▼ $493
Total Liabilities$4,340$2,943▼ $1,397
Net Assets / Fund Balance
Unrestricted Net Assets$83,334$81,291▼ $2,043
Total Net Assets Fund Balance$83,334$81,291▼ $2,043
Total Liabilities and Net Assets / Fund Balance$87,674$84,234▼ $3,440

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$52,237$108,422$160,659
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Randall DodgePresidentPT$21,530$21,530
Debbie MarshallCFOPT$10,334$10,334

Board Members and Trustees

NameTitle
William GoodrichChairman
Mike MacintoshChairmand Em
Dave HollyVice Chair
Jose DelgadoTrustee
Renae DebeverSecretary
Bernadette PabloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$82,045
Program Service Revenue
$119,077
Investment Income
$0
Other Revenue
$11,922
All Other Contributions
$82,045
Change in Net Assets
$-2,043

Audited Revenue Reconciliation

Revenue per Audited Statements
$213,044
Total Revenue per Audited Statements
$213,044
Total Revenue per Form 990
$213,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$118,928
Other Expenses$96,159
Total Fundraising Expense$4,326
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$16,380$59,926-$76,306
Current Officers, Directors, Trustees, and Key Employees$6,691$25,173-$31,864
Occupancy$30,000$1,216-$31,216
Office Expenses$1,746$11,413-$13,159
Fees for Services Accounting-$10,334-$10,334
Payroll Taxes-$8,118-$8,118
Information Technology-$7,604-$7,604
Depreciation Depletion$6,457$1,140-$7,597
Fees for Services Management$2,340$2,780-$5,120
Advertising--$4,326$4,326
Travel-$3,604-$3,604
Insurance$177$2,927-$3,104
Other Employee Benefits-$2,640-$2,640
Conferences and Meetings-$810-$810
Other Expenses$510$300-$300
Total Functional Expenses$65,181$145,580$4,326$215,087

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$215,087
Total Expenses per Audited Statements$215,087
Total Expenses per Form 990$215,087
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Chase Business Credit Card$2,444
Accrued Vacation$512
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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

“Upon the tax preparer's completion of the tax return, the return is provided to the organization for review by the board of trustees. Upon approval, the return is filed by the tax preparer with the internal revenue service.”

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

“The organization's policy dictates that all directors, officers, agents and employees must disclose and report any potential issues that could give rise to a conflict of interest. Each trustee signs a declaration each year to indicate any conflict or attest to the fact that there were no conflict.”

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

“The president a non-voting member, but attends the board of trustee meetings. Therefore, an executive committee of the board determines and approves compensation for the president. Other than the president there are no other directors, offices, top management officials, or key employees that receive compensation.”

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

“The president of the university determines the compensation for all employees.”

Form 990, Page 6, Part VI, Line 19

“The governing documents are provided on request by the university, after the request has been reviewed and approved.”

Filing and Contact Details

Filer

Filer Name
Horizon University Inc
EIN
82-2277191
Phone
8005534674
Address
7700 INDIAN LAKE RD, INDIANAPOLIS, IN 46236

Signing Officer

Name
William Goodrich
Title
Chairman
Phone
3178232349
Signed
2019-12-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Goodrich
Formed
2017
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
6

Preparer

Firm
Bogdanoff Dages and Co Pc
Address
9333 N MERIDIAN ST STE 108, INDIANAPOLIS, IN 46260-1814
Preparer
Paul L Bogdanoff CPA
Phone
3175711777
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Horizon university, inc. Reported in the 6.30.19 audit report that management did not believe that any material uncertain tax positions exist.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1512
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CHASE BUSINESS CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED VACATION
IRS990ScheduleD/RevenueSubtotalAmt0213044
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HORIZON UNIVERSITY, INC. REPORTED IN THE 6.30.19 AUDIT REPORT THAT MANAGEMENT DID NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE UNIVERSITY MAINTAINS A PUBLICATION REGARDING RACIAL NONDISCRIMINATORY POLICIES IN THE UNIVERSITY'S ENROLLMENT INFORMATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPON THE TAX PREPARER'S COMPLETION OF THE TAX RETURN, THE RETURN IS PROVIDED TO THE ORGANIZATION FOR REVIEW BY THE BOARD OF TRUSTEES. UPON APPROVAL, THE RETURN IS FILED BY THE TAX PREPARER WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S POLICY DICTATES THAT ALL DIRECTORS, OFFICERS, AGENTS AND EMPLOYEES MUST DISCLOSE AND REPORT ANY POTENTIAL ISSUES THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. EACH TRUSTEE SIGNS A DECLARATION EACH YEAR TO INDICATE ANY CONFLICT OR ATTEST TO THE FACT THAT THERE WERE NO CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT A NON-VOTING MEMBER, BUT ATTENDS THE BOARD OF TRUSTEE MEETINGS. THEREFORE, AN EXECUTIVE COMMITTEE OF THE BOARD DETERMINES AND APPROVES COMPENSATION FOR THE PRESIDENT. OTHER THAN THE PRESIDENT THERE ARE NO OTHER DIRECTORS, OFFICES, TOP MANAGEMENT OFFICIALS, OR KEY EMPLOYEES THAT RECEIVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT OF THE UNIVERSITY DETERMINES THE COMPENSATION FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS ARE PROVIDED ON REQUEST BY THE UNIVERSITY, AFTER THE REQUEST HAS BEEN REVIEWED AND APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07700 INDIAN LAKE ROAD
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046236
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IRS990/WebsiteAddressTxt0HTTP://WWW.HORIZONUNIVERSITY.EDU
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM GOODRICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03178232349
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HORIZON UNIVERSITY INC
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$84,234
Liabilities
$2,943
Net assets
$81,291
Revenue
$213,044
Expenses
$215,087
Net income
-$2,043
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.91$0.02$3.89$4.18$3.42$0.75
2024Detailed filing. Detailed filing data is available for this year.$3.15$0.01$3.14$4.04$3.08$0.96
2023Detailed filing. Detailed filing data is available for this year.$2.34$0.16$2.18$2.62$2.76$0.14
2022Detailed filing. Detailed filing data is available for this year.$2.35$0.03$2.32$3.23$2.65$0.57
2021Detailed filing. Detailed filing data is available for this year.$1.76$0.01$1.75$2.73$2.46$0.27
2020Detailed filing. Detailed filing data is available for this year.$1.50$0.03$1.48$2.94$2.28$0.66
2019Detailed filing. Detailed filing data is available for this year.$0.84$0.03$0.81$2.13$2.15$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.04$0.83$1.89$2.39$0.50