Civic Intelligence

Horizon University Inc.

990 • Fiscal year 2021 • EIN 82-2277191

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 15, 2021

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

60th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

52nd percentile

10%

Higher net margin than 52% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

83rd percentile

$15,000

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

63rd percentile

17%

Faster asset growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

-7.1%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$175,715

Up $25,487 (+17%) from 2020

Net Assets

Up

$175,014

Up $27,468 (+19%) from 2020

Liabilities

Down

$701

Down $1,981 (-74%) from 2020

Revenue

Down

$273,004

Down $20,793 (-7.1%) from 2020

Expenses

Up

$245,536

Up $17,994 (+7.9%) from 2020

Net Income

Down

$27,468

Down $38,787 (-59%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$175,715
Liabilities$701
Net Assets$175,014

Operations Trend

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

2021

Revenue$273,004
Expenses$245,536
Net Income$27,468
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$273,004
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$93,379$124,491▲ $31,112
Land, Buildings, and Equipment, Net$45,458$38,681▼ $6,777
Accounts Receivable$10,093$12,543▲ $2,450
Inventories for Sale or Use$1,299$0▼ $1,299
Total Assets$150,229$175,715▲ $25,486
Liabilities
Accounts Payable and Accrued Expenses$2,683$701▼ $1,982
Total Liabilities$2,683$701▼ $1,982
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$147,546$175,014▲ $27,468
Total Net Assets Fund Balance$147,546$175,014▲ $27,468
Total Liabilities and Net Assets / Fund Balance$150,229$175,715▲ $25,486

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,681$121,977$160,658
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Randall DodgePresidentPT$15,000$15,000
Debbie MarshallCFOPT$10,334$10,334

Board Members and Trustees

NameTitle
Bill GoodrichChairman
Mike MacintoshChairman Emeritus
David HollyV. Chairman
Dana MannixTrustee
Jose DelgadoTrustee
Bernadette PabloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$154,780
Program Service Revenue
$107,398
Investment Income
$1
Other Revenue
$10,825
All Other Contributions
$65,062
Change in Net Assets
$27,468

Audited Revenue Reconciliation

Revenue per Audited Statements
$273,004
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$273,004
Total Revenue per Form 990
$273,004
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$143,700
Salaries, Compensation, and Employee Benefits$101,836
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$16,718$51,106-$67,824
Occupancy$32,100$6,900-$39,000
Office Expenses$11,043$25,809-$36,852
Fees for Services Management$26,446$6,336-$32,782
Current Officers, Directors, Trustees, and Key Employees$6,080$19,254-$25,334
Fees for Services Accounting-$9,288-$9,288
Payroll Taxes-$7,963-$7,963
Advertising-$7,380-$7,380
Information Technology-$7,208-$7,208
Depreciation Depletion$6,377$400-$6,777
Insurance-$2,100-$2,100
Other Expenses$1,710$0$0$1,710
Other Employee Benefits$143$572-$715
Conferences and Meetings-$400-$400
Travel-$203-$203
Total Functional Expenses$100,617$144,919$0$245,536

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$245,536
Total Expenses per Audited Statements$245,536
Total Expenses per Form 990$245,536
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,445
Fundraising Direct Expenses$0
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
Audit committee
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
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, Part VI, Section B, Line 11B

The tax return is provided to the horizon's board of trustees for review. Upon approval, the tax return is filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Horizon'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 not conflicts.

Form 990, Part VI, Section B, Line 15

The president, a nonvoting member, 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, Part VI, Section C, 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
8005534674
Signed
2021-11-15
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
7
Volunteers
10

Preparer

Firm
Lemler Group LLC
Address
5625 N POST ROAD SUITE 104, INDIANAPOLIS, IN 46216
Preparer
David W Lemler CPA
Phone
3174490121
Supplemental Narrative

Additional Explanations

Part XII, Lince 2C

Horizon's board of directors assumes responsibility for the oversight of the financial statements, tax returns and responsible for the selection of independent accountants.

Financial Statement Notes

PART X, LINE 2:

Horizon is exempt from federal and state income tax under the provisions of section 501(c)(3) of the internal revenue code; therefore, no provision for income taxes was made in the financial statements. Horizon is classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170(b)(1)(a)(ii). Horizon examines its tax positions for uncertain positions. Horizon is not aware of any tax positions that are more likely than not to change in the next 12 months, or that would not sustain an examination by applicable taxing authorities. Horizon's policy is to recognize penalties and interest as incurred in its statement of activities as a component of operating expenses.

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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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt038681
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0121977
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0160658
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0245536
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0273004
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HORIZON IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES WAS MADE IN THE FINANCIAL STATEMENTS. HORIZON IS CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(II). HORIZON EXAMINES ITS TAX POSITIONS FOR UNCERTAIN POSITIONS. HORIZON IS NOT AWARE OF ANY TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO CHANGE IN THE NEXT 12 MONTHS, OR THAT WOULD NOT SUSTAIN AN EXAMINATION BY APPLICABLE TAXING AUTHORITIES. HORIZON'S POLICY IS TO RECOGNIZE PENALTIES AND INTEREST AS INCURRED IN ITS STATEMENT OF ACTIVITIES AS A COMPONENT OF OPERATING EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt038681
IRS990ScheduleD/TotalExpensesPerForm990Amt0245536
IRS990ScheduleD/TotalRevenuePerForm990Amt0273004
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0273004
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0245536
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0HORIZON MAINTAINS A PUBLICATION REGARDING RACIAL NONDISCRIMINATORY POLICIES IN THE UNIVERSITY'S ENROLLMENT INFORMATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1HORIZON RECEIVES PELL GRANTS AND STUDENT LOANS TO COVER TUITION AND TUITION RELATED EXPENSES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS PROVIDED TO THE HORIZON'S BOARD OF TRUSTEES FOR REVIEW. UPON APPROVAL, THE TAX RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HORIZON'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 NOT CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT, A NONVOTING MEMBER, 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 GOVERNING DOCUMENTS ARE PROVIDED ON REQUEST BY THE UNIVERSITY, AFTER THE REQUEST HAS BEEN REVIEWED AND APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HORIZON'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE FINANCIAL STATEMENTS, TAX RETURNS AND RESPONSIBLE FOR THE SELECTION OF INDEPENDENT ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINCE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0150229
IRS990/TotalAssetsEOYAmt0175715
IRS990/TotalAssetsGrp/BOYAmt0150229
IRS990/TotalAssetsGrp/EOYAmt0175715
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0154780
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0144919
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0100617
IRS990/TotalFunctionalExpensesGrp/TotalAmt0245536
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02683
IRS990/TotalLiabilitiesEOYAmt0701
IRS990/TotalLiabilitiesGrp/BOYAmt02683
IRS990/TotalLiabilitiesGrp/EOYAmt0701
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0147546
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0175014
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0100617
IRS990/TotalProgramServiceRevenueAmt0107398
IRS990/TotalReportableCompFromOrgAmt025334
IRS990/TotalRevenueGrp/ExclusionAmt01446
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0116778
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0273004
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0150229
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0175715
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0203
IRS990/TravelGrp/TotalAmt0203
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07700 INDIAN LAKE RD
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046236
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.HORIZONUNIVERSITY.EDU
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM GOODRICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08005534674
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
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/PreparerFirmGrp/PreparerFirmEIN0331215017

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