Civic Intelligence

The Horizon Project

990 • Fiscal year 2023 • EIN 87-2392558

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 15, 2024

PO Box 96503 Pmb 65071Washington, DC 20090-6503

(404) 788-5388

Siviq Scores

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

Liabilities / Assets

38th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

39th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2023

Net Margin

91st percentile

56%

Higher net margin than 91% of similar nonprofits.

2023 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

88th percentile

$82,639

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2023 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Assets

$489,732

No earlier filing loaded for comparison.

Net Assets

$489,732

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$870,000

No earlier filing loaded for comparison.

Expenses

$380,494

No earlier filing loaded for comparison.

Net Income

$489,506

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2023: $489,732Liabilities 2023: $0Net Assets 2023: $489,7322023Assets 2024: $352,941Liabilities 2024: $1,292Net Assets 2024: $351,6492024

Highlighted filing

2023

Assets$489,732
Liabilities$0
Net Assets$489,732

Operations Trend

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

$1.0M$500K$0Revenue 2023: $870,000Expenses 2023: $380,494Net Income 2023: $489,5062023Expenses 2024: $138,0832024

Highlighted filing

2023

Revenue$870,000
Expenses$380,494
Net Income$489,506
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 15, 2024
Return Version
2023v5.1
Gross Receipts
$870,000
Mission and Program Overview

Mission

The organization is dedicated to educating the public on the importance of state and local financial action.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$226$489,732▲ $489,506
Total Assets$226$489,732▲ $489,506
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$226$489,732▲ $489,506
Total Net Assets Fund Balance$226$489,732▲ $489,506
Total Liabilities and Net Assets / Fund Balance$226$489,732▲ $489,506
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth DoyelE.d. (3/2023-8/2023)FT$82,639$82,639

Board Members and Trustees

NameTitle
David WallackChair
Cory MedinaBoard Member
James McintyreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$870,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$870,000
Change in Net Assets
$489,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$260,409
Salaries, Compensation, and Employee Benefits$120,085
Total Fundraising Expense$2,402
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$179,409--$179,409
Current Officers, Directors, Trustees, and Key Employees$74,375$6,611$1,653$82,639
Fees for Services Lobbying$65,000--$65,000
Other Salaries and Wages$25,200$2,240$560$28,000
Payroll Taxes$8,501$756$189$9,446
Advertising$7,000$220-$7,220
Fees for Services Legal-$4,699-$4,699
Fees for Services Accounting-$1,740-$1,740
Information Technology-$1,611-$1,611
Office Expenses-$506-$506
Travel$224--$224
Total Functional Expenses$359,709$18,383$2,402$380,494
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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 A, Line 8A

No meetings were held as the horizon project was dormant until early 2023 and then stopped operations by august.

Form 990, Part VI, Section A, Line 8B

No meetings were held as the horizon project was dormant until early 2023 and then stopped operations by august.

Form 990, Part VI, Section B, Line 11B

The form 990 was prepared by the outside accountants and reviewed by the board prior to filing with the irs.

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

Each director, principal officer and member of a committee with governing board delegated powers annually signs a statement which affirms such person received, read and understands, and agrees to comply with the conflict-of-interest policy. In connection with any actual or possible conflict of interest, an interested person discloses the existence of the financial interest and is given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she leaves the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decides if a conflict of interest exists. The minutes of the governing board and all committees with board delegated powers contains all records of proceedings.

Form 990, Part VI, Section B, Line 15

The board chair and outside hiring advisory committee vetted the executive director's salary upon hiring. The board chair used a compensation survey that similar organizations participated in to determine compensation. The last compensation review process took place february 2023.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Horizon Project
EIN
87-2392558
Phone
4047885388
Address
PO BOX 96503 PMB 65071, WASHINGTON, DC 20090-6503

Signing Officer

Name
Frances Sawyer
Title
Treasurer
Phone
4047885388
Signed
2024-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frances Sawyer
Formed
2021
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
3

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 800N, BETHESDA, MD 20814-2930
Preparer
Richard J Locastro CPA
Phone
3019519090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Strategy consultants: program service expenses 121,583. Management and general expenses 0. Fundraising expenses 0. Total expenses 121,583. Market research consulting: program service expenses 34,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,800. Financial advocacy advisors: program service expenses 20,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,000. Other consulting: program service expenses 3,026. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,026.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO MEETINGS WERE HELD AS THE HORIZON PROJECT WAS DORMANT UNTIL EARLY 2023 AND THEN STOPPED OPERATIONS BY AUGUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO MEETINGS WERE HELD AS THE HORIZON PROJECT WAS DORMANT UNTIL EARLY 2023 AND THEN STOPPED OPERATIONS BY AUGUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE BOARD PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS SUCH PERSON RECEIVED, READ AND UNDERSTANDS, AND AGREES TO COMPLY WITH THE CONFLICT-OF-INTEREST POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDES IF A CONFLICT OF INTEREST EXISTS. THE MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS CONTAINS ALL RECORDS OF PROCEEDINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD CHAIR AND OUTSIDE HIRING ADVISORY COMMITTEE VETTED THE EXECUTIVE DIRECTOR'S SALARY UPON HIRING. THE BOARD CHAIR USED A COMPENSATION SURVEY THAT SIMILAR ORGANIZATIONS PARTICIPATED IN TO DETERMINE COMPENSATION. THE LAST COMPENSATION REVIEW PROCESS TOOK PLACE FEBRUARY 2023.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6STRATEGY CONSULTANTS: PROGRAM SERVICE EXPENSES 121,583. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 121,583. MARKET RESEARCH CONSULTING: PROGRAM SERVICE EXPENSES 34,800. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,800. FINANCIAL ADVOCACY ADVISORS: PROGRAM SERVICE EXPENSES 20,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,000. OTHER CONSULTING: PROGRAM SERVICE EXPENSES 3,026. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,026.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/USAddress/ZIPCd0200906503
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANCES SAWYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04047885388
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE HORIZON PROJECT
ReturnHeader/Filer/BusinessNameControlTxt0HORI
ReturnHeader/Filer/EIN0872392558
ReturnHeader/Filer/PhoneNum04047885388
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 96503 PMB 65071
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd0200906503
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521392008
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GELMAN ROSENBERG & FREEDMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04550 MONTGOMERY AVE SUITE 800N
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0208142930
ReturnHeader/PreparerPersonGrp/PhoneNum03019519090
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD J LOCASTRO CPA
ReturnHeader/ReturnTs02024-10-15T11:21:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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