Civic Intelligence

Horizon University Inc.

990 • Fiscal year 2018 • EIN 82-2277191

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 27, 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

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.02x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

13th percentile

-27%

Higher net margin than 13% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

83rd percentile

$19,868

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets73rd percentile

Assets

$87,672

No earlier filing loaded for comparison.

Net Assets

$83,330

No earlier filing loaded for comparison.

Liabilities

$4,342

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin13th percentile

Revenue

$189,145

No earlier filing loaded for comparison.

Expenses

$239,280

No earlier filing loaded for comparison.

Net Income

-$50,135

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

2018

Assets$87,672
Liabilities$4,342
Net Assets$83,330
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2018

Revenue$189,145
Expenses$239,280
Net Income-$50,135
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 27, 2019
Return Version
2017v2.3
Gross Receipts
$189,145
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-$59,834-
Cash and Non-Interest-Bearing Accounts-$23,438-
Inventories for Sale or Use-$2,215-
Accounts Receivable-$2,185-
Total Assets$0$87,672▲ $87,672
Liabilities
Other Liabilities-$3,861-
Accounts Payable and Accrued Expenses-$481-
Total Liabilities$0$4,342▲ $4,342
Net Assets / Fund Balance
Unrestricted Net Assets-$83,330-
Total Net Assets Fund Balance$0$83,330▲ $83,330
Total Liabilities and Net Assets / Fund Balance$0$87,672▲ $87,672

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$59,834$100,825$160,659
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Randall DodgePresidentPT$19,868$19,868

Board Members and Trustees

NameTitle
William GoodrichChairman
Mike MacintoshChairman Eme
David HollyVice Chairma
Jose DelgadoTrustee
Renae DebeverSecretary
Bernadette PabloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$103,795
Program Service Revenue
$68,446
Investment Income
$0
Other Revenue
$16,904
All Other Contributions
$73,795
Change in Net Assets
$-50,135

Audited Revenue Reconciliation

Revenue per Audited Statements
$189,145
Total Revenue per Audited Statements
$189,145
Total Revenue per Form 990
$189,145
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$113,576
Other Expenses$111,704
Total Fundraising Expense$29,159
Professional Fundraising Fees$14,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,608$61,985-$82,593
Occupancy$24,000$7,951-$31,951
Current Officers, Directors, Trustees, and Key Employees$19,868--$19,868
Advertising--$15,159$15,159
Fees for Services Professional Fundraising--$14,000$14,000
Office Expenses$491$12,929-$13,420
Fees for Services Accounting-$9,900-$9,900
Depreciation Depletion$9,723--$9,723
Payroll Taxes$1,202$7,383-$8,585
Fees for Services Other$7,509--$7,509
Information Technology$4,902$1,518-$6,420
Travel-$5,164-$5,164
Fees for Services Management$1,150$3,415-$4,565
Other Employee Benefits-$2,530-$2,530
Other Expenses$1,905$2,122-$1,905
Insurance$238$872-$1,110
Conferences and Meetings-$799-$799
Total Functional Expenses$93,553$116,568$29,159$239,280

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$239,280
Total Expenses per Audited Statements$239,280
Total Expenses per Form 990$239,280
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$14,000
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$2,539
Accrued Vacation$1,322
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 completion by the tax preparer, 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

“Institution 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 conflicts or attest to the fact that there were no conflicts.”

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

“The president is 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, officers, 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

“Governing documents are provided on request by the university, after the request have 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
2019-02-27
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
0
Volunteers
4

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

Additional Explanations

Form 990, Part XI, Line 9

“Transfer from horizon univ. 0 ein 26-1901554 133,465 total 133,465”

Financial Statement Notes

Schedule D, Page 3, Part X

“Horizon university, inc. Reported in the 6.30.18 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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IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE UNIVERSITY MAINTAINS A PUBLICATION REGARDING RACIAL NONDISCRIMINATORY POLICIES IN THE UNIVERSITY'S ENROLLMENT INFORMATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPON COMPLETION BY THE TAX PREPARER, 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/ExplanationTxt1INSTITUTION 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 CONFLICTS OR ATTEST TO THE FACT THAT THERE WERE NO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT IS 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, OFFICERS, TOP MANAGEMENT OFFICIALS, OR KEY EMPLOYEES THAT RECEIVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT OF THE UNIVERSITY DETERMINES THE COMPENSATION FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE PROVIDED ON REQUEST BY THE UNIVERSITY, AFTER THE REQUEST HAVE BEEN REVIEWED AND APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFER FROM HORIZON UNIV. 0 EIN 26-1901554 133,465 TOTAL 133,465
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt087672
IRS990/TotalAssetsGrp/BOYAmt00
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0103795
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt029159
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0116568
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt093553
IRS990/TotalFunctionalExpensesGrp/TotalAmt0239280
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt04342
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt04342
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt083330
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0170
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0170
IRS990/TotalProgramServiceExpensesAmt093553
IRS990/TotalProgramServiceRevenueAmt068446
IRS990/TotalReportableCompFromOrgAmt019868
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt085350
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0189145
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt087672
IRS990/TravelGrp/ManagementAndGeneralAmt05164
IRS990/TravelGrp/TotalAmt05164
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt083330
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07711 STRATFIELD DRIVE
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046236
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTP://WWW.HORIZONUNIVERSITY.EDU
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM GOODRICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03178232349
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HORIZON UNIVERSITY INC
ReturnHeader/Filer/BusinessNameControlTxt0HORI
ReturnHeader/Filer/EIN0822277191
ReturnHeader/Filer/PhoneNum08005534674
ReturnHeader/Filer/USAddress/AddressLine1Txt07700 INDIAN LAKE RD
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046236
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08358B415C9969E7EB69D761FD5976213C214F4BE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId053D458C82320E5CA4BCA37F288A6CEEB15A0A3C7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-03-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm007:40:24
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472480163
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOGDANOFF DAGES AND CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09333 N MERIDIAN ST STE 108
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0462601814
ReturnHeader/PreparerPersonGrp/PhoneNum03175711777
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL L BOGDANOFF CPA
ReturnHeader/ReturnTs02019-03-08T07:40:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$87,672
Liabilities
$4,342
Net assets
$83,330
Revenue
$189,145
Expenses
$239,280
Net income
-$50,135
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