Civic Intelligence

Horizon University Inc.

990 • Fiscal year 2020 • EIN 82-2277191

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 06, 2020

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

64th percentile

0.02x

Higher debt load relative to assets than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

72nd percentile

23%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

84th percentile

$21,430

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

85th percentile

78%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

38%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$150,228

Up $65,994 (+78%) from 2019

Net Assets

Up

$147,546

Up $66,255 (+82%) from 2019

Liabilities

Down

$2,682

Down $261 (-8.9%) from 2019

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin72nd percentile

Revenue

Up

$293,797

Up $80,753 (+38%) from 2019

Expenses

Up

$227,542

Up $12,455 (+5.8%) from 2019

Net Income

Up

$66,255

Up $68,298 (+3343%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth85th 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

2020

Assets$150,228
Liabilities$2,682
Net Assets$147,546
Open 2020 Filing

Operations Trend

Revenue Growth85th 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

2020

Revenue$293,797
Expenses$227,542
Net Income$66,255
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 6, 2020
Return Version
2019v5.0
Gross Receipts
$293,797
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
Cash and Non-Interest-Bearing Accounts$26,744$93,379▲ $66,635
Land, Buildings, and Equipment, Net$52,237$45,459▼ $6,778
Accounts Receivable$3,950$10,093▲ $6,143
Inventories for Sale or Use$1,303$1,297▼ $6
Total Assets$84,234$150,228▲ $65,994
Liabilities
Other Liabilities$2,956$2,302▼ $654
Accounts Payable and Accrued Expenses$-13$380▲ $393
Total Liabilities$2,943$2,682▼ $261
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$81,291$147,546▲ $66,255
Total Net Assets Fund Balance$81,291$147,546▲ $66,255
Total Liabilities and Net Assets / Fund Balance$84,234$150,228▲ $65,994

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$45,459$115,200$160,659
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Randall DodgePresidentPT$21,430$21,430
Debbie MarshallCFOPT$10,334$10,334

Board Members and Trustees

NameTitle
William GoodrichChairman
Mike MacintoshChairman Eme
Dave HollyVice Chair
Dana ManixTrustee
Jose DelgadoTrustee
Bernadette PabloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$61,589
Program Service Revenue
$192,905
Investment Income
$0
Other Revenue
$39,303
All Other Contributions
$61,589
Change in Net Assets
$66,255

Audited Revenue Reconciliation

Revenue per Audited Statements
$293,797
Total Revenue per Audited Statements
$293,797
Total Revenue per Form 990
$293,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$132,947
Other Expenses$92,264
Professional Fundraising Fees$2,331
Total Fundraising Expense$2,331
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$45,284$78,403-$123,687
Occupancy$28,050$6,949-$34,999
Office Expenses$340$11,380-$11,720
Payroll Taxes-$9,260-$9,260
Fees for Services Accounting-$8,580-$8,580
Fees for Services Management$3,722$4,736-$8,458
Information Technology-$6,948-$6,948
Depreciation Depletion$6,379$399-$6,778
Insurance$168$2,959-$3,127
Advertising-$2,570-$2,570
Fees for Services Professional Fundraising--$2,331$2,331
Travel-$464-$464
Conferences and Meetings-$90-$90
Other Expenses$60$6-$6
All Other Expenses-$-300-$-300
Total Functional Expenses$85,085$140,126$2,331$227,542

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$227,542
Total Expenses per Audited Statements$227,542
Total Expenses per Form 990$227,542
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$2,331
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$2,302
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 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
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
2020-12-06
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
8
Volunteers
3

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 6.30.20 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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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0192905
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0160659
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02302
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CHASE BUSINESS CREDIT CARD
IRS990ScheduleD/RevenueSubtotalAmt0293797
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HORIZON UNIVERSITY, INC. REPORTED IN THE 6.30.20 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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IRS990ScheduleD/TotalExpensesPerForm990Amt0227542
IRS990ScheduleD/TotalLiabilityAmt02302
IRS990ScheduleD/TotalRevenuePerForm990Amt0293797
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0293797
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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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
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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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM GOODRICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03178232349
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HORIZON UNIVERSITY INC
ReturnHeader/Filer/BusinessNameControlTxt0HORI
ReturnHeader/Filer/EIN0822277191
ReturnHeader/Filer/PhoneNum08005534674

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$150,228
Liabilities
$2,682
Net assets
$147,546
Revenue
$293,797
Expenses
$227,542
Net income
$66,255
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