Civic Intelligence

Horizon University Inc.

990 • Fiscal year 2024 • EIN 82-2277191

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 14, 2025

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

61st percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

88th percentile

$29,593

Higher top officer pay than 88% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

80th percentile

34%

Faster asset growth than 80% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

84th percentile

55%

Faster revenue growth than 84% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$315,261

Up $80,781 (+34%) from 2023

Net Assets

Up

$314,012

Up $96,011 (+44%) from 2023

Liabilities

Down

$1,249

Down $15,230 (-92%) from 2023

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin77th percentile

Revenue

Up

$404,306

Up $142,685 (+55%) from 2023

Expenses

Up

$308,295

Up $32,412 (+12%) from 2023

Net Income

Up

$96,011

Up $110,273 (+773%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth80th 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

2024

Assets$315,261
Liabilities$1,249
Net Assets$314,012
Open 2024 Filing

Operations Trend

Revenue Growth84th 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

2024

Revenue$404,306
Expenses$308,295
Net Income$96,011
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 14, 2025
Return Version
2023v6.0
Gross Receipts
$405,838
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$207,087$291,125▲ $84,038
Land, Buildings, and Equipment, Net$25,600$19,224▼ $6,376
Accounts Receivable$1,793$4,912▲ $3,119
Total Assets$234,480$315,261▲ $80,781
Liabilities
Accounts Payable and Accrued Expenses$16,479$1,249▼ $15,230
Total Liabilities$16,479$1,249▼ $15,230
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$218,001$314,012▲ $96,011
Total Net Assets Fund Balance$218,001$314,012▲ $96,011
Total Liabilities and Net Assets / Fund Balance$234,480$315,261▲ $80,781

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$19,224$133,097$152,321
Equipment$0$8,337$8,337
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paul LangeDean of StudentsPT$29,593$29,593
Randall DodgePresidentPT$15,750$15,750
Monica JonesRegistrarPT$14,700$14,700
Julie RiessCFOPT$14,000$14,000
David KosDean of StudiesPT$12,000$12,000

Board Members and Trustees

NameTitle
Jordan McgaugheyChair
Bill GoodrichChairman Emeritus
Mike McintoshFounder & Chairman Emeritus
David HollyVice-chair
Dana MannixTrustee
Debbie MarshallSecretary
Bernadette PabloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$151,259
Program Service Revenue
$248,387
Investment Income
$4
Other Revenue
$4,656
All Other Contributions
$79,736
Change in Net Assets
$96,011

Audited Revenue Reconciliation

Revenue per Audited Statements
$404,306
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,532
Total Revenue per Audited Statements
$405,838
Total Revenue per Form 990
$404,306
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$155,532
Salaries, Compensation, and Employee Benefits$142,198
Grants and Similar Amounts Paid$10,565
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$30,102$55,941-$86,043
Office Expenses$38,696$21,196-$59,892
Other Salaries and Wages$15,506$28,817-$44,323
Occupancy$32,100$6,900-$39,000
Information Technology-$11,631-$11,631
Payroll Taxes$2,412$8,785-$11,197
Grants to Domestic Individuals$10,565--$10,565
Other Expenses$9,848--$9,848
Fees for Services Accounting-$9,200-$9,200
Fees for Services Other$2,525$6,564-$9,089
Depreciation Depletion$6,376--$6,376
Advertising-$5,352-$5,352
Travel-$2,909-$2,909
Insurance-$1,874-$1,874
Other Employee Benefits$169$466-$635
Conferences and Meetings-$361-$361
Total Functional Expenses$148,299$159,996$0$308,295

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$309,827
Expenses per Audited Statements$308,295
Total Expenses per Form 990$308,295
Expenses Not Reported on Form 990$1,532
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$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
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 non-voting 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 upon 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
Jordan Mcgaughey
Title
Chair
Phone
8005534674
Signed
2025-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jordan Mcgaughey
Formed
2017
Legal Domicile
In
Voting Board Members
8
Independent Board Members
7
Employees
28
Volunteers
7

Preparer

Firm
Donovan Pc
Address
5151 E US HWY 36, AVON, IN 46123
Preparer
David W Lemler CPA Cgma
Phone
3177456411
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Lince 2C

“Horizon's board of directors assumes responsibility for the oversight of the financial statements, tax returns and is 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 is 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). Generally accepted accounting principles in the united states require horizon to examine 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, and total $0 for the years ended june 30, 2024 and 2023. Horizon's federal and state income tax returns are subject to examination by the applicable tax authorities, generally for three years after the later of the original or extended due date.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 1,532.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 1,532.”

Raw XML AppendixShowing 400 of 457 raw XML fields

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/OccupancyGrp/ProgramServicesAmt032100
IRS990/OccupancyGrp/TotalAmt039000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021196
IRS990/OfficeExpensesGrp/ProgramServicesAmt038696
IRS990/OfficeExpensesGrp/TotalAmt059892
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0466
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0169
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0635
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/ProgramServicesAmt09848
IRS990/OtherExpensesGrp/TotalAmt09848
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05483
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05483
IRS990/OtherRevenueTotalAmt05483
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028817
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt015506
IRS990/OtherSalariesAndWagesGrp/TotalAmt044323
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08785
IRS990/PayrollTaxesGrp/ProgramServicesAmt02412
IRS990/PayrollTaxesGrp/TotalAmt011197
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JORDAN MCGAUGHEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611310
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0248387
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0248387
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt082048
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0151846
IRS990/PYOtherRevenueAmt012989
IRS990/PYProgramServiceRevenueAmt0166584
IRS990/PYRevenuesLessExpensesAmt0-14262
IRS990/PYSalariesCompEmpBnftPaidAmt0124037
IRS990/PYTotalExpensesAmt0275883
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0261621
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt096011
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0253043
IRS990ScheduleA/SchoolInd0X
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/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08337
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08337
IRS990ScheduleD/ExpensesNotReportedAmt01532
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0308295
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt01532
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019224
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0133097
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0152321
IRS990ScheduleD/OtherRevenueAmt01532
IRS990ScheduleD/RevenueNotReportedAmt01532
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0404306
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 IS 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). GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES REQUIRE HORIZON TO EXAMINE 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, AND TOTAL $0 FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. HORIZON'S FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPLICABLE TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 1,532.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 1,532.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019224
IRS990ScheduleD/TotalExpensesPerForm990Amt0308295
IRS990ScheduleD/TotalRevenuePerForm990Amt0404306
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0405838
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0309827
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
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010565
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt021
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EACH OF THE UNIVERSITY'S SCHOLARSHIPS AND DISCOUNTS HAVE SPECIFIC CRITERA THAT STUDENTS MUST SATISFY IN ORDER TO BE CONSIDERED, AND STUDENTS MUST SUBMIT AN APPLICATION FOR EACH SCHOLARSHIP OR DISCOUNT. AFTER REVIEWING THE APPLICATIONS, THE SCHOLARSHIP COMMITTEE MEETS TO VOTE ON THE SCHOLARSHIP AWARDS. DECISIONS ARE MADE BASED ON THE APPLICANTS' ELIGIBILITY AND FIT WITH THE SCHOLARSHIP CRITERIA. AWARDS ARE APPLIED DIRECTLY BY THE UNIVERSITY TO THE STUDENT'S ACCOUNT, THEREBY ELIMINATING THE NEED TO MONITOR THE USE OF THE GRANT FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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 NON-VOTING 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 UPON 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 IS 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/FormAndLineReferenceDesc4FORM 990, PART XII, LINCE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0234480
IRS990/TotalAssetsEOYAmt0315261
IRS990/TotalAssetsGrp/BOYAmt0234480
IRS990/TotalAssetsGrp/EOYAmt0315261
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0151259
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0159996
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0148299
IRS990/TotalFunctionalExpensesGrp/TotalAmt0308295
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016479
IRS990/TotalLiabilitiesEOYAmt01249
IRS990/TotalLiabilitiesGrp/BOYAmt016479
IRS990/TotalLiabilitiesGrp/EOYAmt01249

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$315,261
Liabilities
$1,249
Net assets
$314,012
Revenue
$404,306
Expenses
$308,295
Net income
$96,011
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