Civic Intelligence

Horizons Foundation

990PF • Fiscal year 2019 • EIN 91-1493424

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 25, 2020

5025 - 25th Ave NE Ste 206Seattle, WA 98105

(206) 323-8061

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2019 filings • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

14th percentile

0.00x

Higher debt load relative to revenue than 14% of similar nonprofits.

2019 filings • $25M-$50M nonprofits • Source year 2019

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

2019 filings • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$101,400

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2019 filings • $25M-$50M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

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

Source year 2019

Revenue Growth

Score unavailable

No value available

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

Source year 2019

Assets

Up

$25,710,397

Up $18,965,840 (+281%) from 2015

Net Assets

$25,710,289

No earlier filing loaded for comparison.

Liabilities

Down

$108

Down $7,508 (-99%) from 2015

Revenue

Up

$1,923,737

Up $1,096,287 (+132%) from 2015

Expenses

Up

$1,444,734

Up $88,651 (+6.5%) from 2015

Net Income

Up

$479,003

Up $1,007,636 (+191%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $6,964,372Liabilities 2011: $7802011Assets 2012: $6,562,491Liabilities 2012: $7722012Assets 2013: $6,316,784Liabilities 2013: $17,521Net Assets 2013: $6,299,2632013Assets 2014: $7,278,700Liabilities 2014: $22,569Net Assets 2014: $7,256,1312014Assets 2015: $6,744,557Liabilities 2015: $7,6162015Assets 2019: $25,710,397Liabilities 2019: $108Net Assets 2019: $25,710,2892019Assets 2020: $28,063,416Liabilities 2020: $14,905Net Assets 2020: $28,048,5112020Assets 2021: $29,840,694Liabilities 2021: $44,491Net Assets 2021: $29,796,2032021Assets 2022: $24,016,951Liabilities 2022: $0Net Assets 2022: $24,016,9512022Assets 2023: $26,731,973Liabilities 2023: $0Net Assets 2023: $26,731,9732023Assets 2024: $29,104,616Liabilities 2024: $3,871Net Assets 2024: $29,100,7452024

Highlighted filing

2019

Assets$25,710,397
Liabilities$108
Net Assets$25,710,289

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $620,435Expenses 2011: $1,066,870Net Income 2011: -$446,4352011Revenue 2012: $735,830Expenses 2012: $1,164,168Net Income 2012: -$428,3382012Revenue 2013: $898,273Expenses 2013: $1,141,548Net Income 2013: -$243,2752013Revenue 2014: $2,305,890Expenses 2014: $1,341,931Net Income 2014: $963,9592014Revenue 2015: $827,450Expenses 2015: $1,356,083Net Income 2015: -$528,6332015Revenue 2019: $1,923,737Expenses 2019: $1,444,734Net Income 2019: $479,0032019Revenue 2020: $2,401,123Expenses 2020: $1,518,496Net Income 2020: $882,6272020Revenue 2021: $3,317,532Expenses 2021: $1,547,562Net Income 2021: $1,769,9702021Revenue 2022: $1,910,806Expenses 2022: $1,416,683Net Income 2022: $494,1232022Revenue 2023: $1,162,505Expenses 2023: $1,531,825Net Income 2023: -$369,3202023Revenue 2024: $1,726,893Expenses 2024: $1,747,776Net Income 2024: -$20,8832024

Highlighted filing

2019

Revenue$1,923,737
Expenses$1,444,734
Net Income$479,003
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 25, 2020
Return Version
2019v5.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEPHEN T HADACDirector/ Executive DirectorFT$69,000$32,400$101,400
LUCY J HADACPresident & Director-$0--
JERALD FOSTERVP & Director-$0--
KAREN CLARKE HADACSecretary & Director-$0--
Filing and Contact Details

Filer

Filer Name
Horizons Foundation
EIN
91-1493424
In Care Of
% FOUNDATION MANAGEMENT GROUP
Phone
2063238061
Address
5025 - 25th Ave NE Ste 206, SEATTLE, WA 98105

Signing Officer

Name
Stephen T Hadac
Title
Executive Director
Phone
2066670300
Signed
2020-06-25
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Management Group LLC
Address
1000 2ND AVE 34TH FLOOR, SEATTLE, WA 98104-1022
Preparer
Madalina Dobra
Phone
2066670300
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IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainsMinusExcessOrLossesAmt0373841
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainsMinusExcessOrLossesAmt1638276
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GrossSalesPriceAmt02705940
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GrossSalesPriceAmt15191632
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/HowAcquiredCd0P
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/HowAcquiredCd1P
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/HowAcquiredCd2P
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc0PUBLICLY TRADED SECURITIES - BAIRD ACC.
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc1PUBLICLY TRADED SECURITIES - UBS ACC.
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc2CAPITAL GAIN DIVIDENDS
IRS990PF/CapGainsLossTxInvstIncmDetail/CapitalGainNetIncomeAmt01361566
IRS990PF/ChgInNetAssetsFundBalancesGrp/ExcessRevenueOverExpensesAmt0479003
IRS990PF/ChgInNetAssetsFundBalancesGrp/OtherIncreasesAmt03130221
IRS990PF/ChgInNetAssetsFundBalancesGrp/SubtotalAmt025710289
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesBOYAmt022101065
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesEOYAmt025710289
IRS990PF/DistributableAmountGrp/DistributableAsAdjustedAmt01186704
IRS990PF/DistributableAmountGrp/DistributableBeforeAdjAmt01186704
IRS990PF/DistributableAmountGrp/DistributableBeforeDedAmt01186704
IRS990PF/DistributableAmountGrp/MinimumInvestmentReturnAmt01205097
IRS990PF/DistributableAmountGrp/TaxBasedOnInvestmentIncomeAmt018393
IRS990PF/DistributableAmountGrp/TotalTaxAmt018393
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/DomesticOrgMeetingSect4940eInd0X
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EstimatedPlusOvpmtIncmTxAmt018285
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/Form2220AttachedInd0X
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/InvestmentIncomeExciseTaxAmt018393
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/SubtotalAmt018393
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxBasedOnInvestmentIncomeAmt018393
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxDueAmt0108
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TotalPaymentsAndCreditsAmt018285
IRS990PF/FMVAssetsEOYAmt025710397
IRS990PF/Form990PFBalanceSheetsGrp/AdditionalPaidInCapitalBOYAmt010687351
IRS990PF/Form990PFBalanceSheetsGrp/AdditionalPaidInCapitalEOYAmt010687351
IRS990PF/Form990PFBalanceSheetsGrp/CashBOYAmt0680
IRS990PF/Form990PFBalanceSheetsGrp/CashEOYAmt0680
IRS990PF/Form990PFBalanceSheetsGrp/CashEOYFMVAmt0680
IRS990PF/Form990PFBalanceSheetsGrp/CorporateBondsBOYAmt04744904
IRS990PF/Form990PFBalanceSheetsGrp/CorporateBondsEOYAmt05156098
IRS990PF/Form990PFBalanceSheetsGrp/CorporateBondsEOYFMVAmt05156098
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockBOYAmt014755800
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYAmt018234691
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYFMVAmt018234691
IRS990PF/Form990PFBalanceSheetsGrp/LandBldgEquipAccumDeprecAmt017661
IRS990PF/Form990PFBalanceSheetsGrp/LandBldgEquipCostOrOtherBssAmt017661
IRS990PF/Form990PFBalanceSheetsGrp/OrgDoesNotFollowFASB117Ind0X
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsBOYAmt0341
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYFMVAmt00
IRS990PF/Form990PFBalanceSheetsGrp/OtherLiabilitiesBOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/OtherLiabilitiesEOYAmt0108
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningBOYAmt011413714
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningEOYAmt015022938
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstBOYAmt01115713
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYAmt0121960
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYFMVAmt0121960
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsBOYAmt022101065
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYAmt025710397
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYFMVAmt025710397
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesBOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesEOYAmt0108
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstBOYAmt022101065
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstEOYAmt025710397
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesBOYAmt022101065
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesEOYAmt025710289
IRS990PF/Form990PFBalanceSheetsGrp/USGovernmentObligationsBOYAmt01483627
IRS990PF/Form990PFBalanceSheetsGrp/USGovernmentObligationsEOYAmt02196968
IRS990PF/Form990PFBalanceSheetsGrp/USGovtObligationsEOYFMVAmt02196968
IRS990PF/MethodOfAccountingCashInd0X
IRS990PF/MinimumInvestmentReturnGrp/AcquisitionIndebtednessAmt00
IRS990PF/MinimumInvestmentReturnGrp/AdjustedTotalFMVOfUnusedAstAmt024468984
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyCashBalancesAmt0896995
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyFMVOfSecAmt023571989
IRS990PF/MinimumInvestmentReturnGrp/CashDeemedCharitableAmt0367035
IRS990PF/MinimumInvestmentReturnGrp/FMVAllOtherNoncharitableAstAmt00
IRS990PF/MinimumInvestmentReturnGrp/MinimumInvestmentReturnAmt01205097
IRS990PF/MinimumInvestmentReturnGrp/NetVlNoncharitableAssetsAmt024101949
IRS990PF/MinimumInvestmentReturnGrp/TotalFMVOfUnusedAssetsAmt024468984
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt02.0
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt12.0
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt240.0
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt32.0
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt10
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt269000
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt30
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/EmployeeBenefitProgramAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/EmployeeBenefitProgramAmt10
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/EmployeeBenefitProgramAmt232400
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/EmployeeBenefitProgramAmt30
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0LUCY J HADAC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1JERALD FOSTER
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2STEPHEN T HADAC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm3KAREN CLARKE HADAC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0PRESIDENT & DIRECTOR
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1VP & DIRECTOR
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2DIRECTOR/ EXECUTIVE DIRECTOR
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt3SECRETARY & DIRECTOR
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt05025 - 25th Ave NE Ste 206
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt15025 - 25th Ave NE Ste 206
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt25025 - 25th Ave NE Ste 206
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt35025 - 25th Ave NE Ste 206
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm0SEATTLE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm1SEATTLE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm2SEATTLE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm3SEATTLE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd0WA
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd1WA
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd2WA
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd3WA
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd098105
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd198105
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd298105
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd398105
IRS990PF/Organization501c3ExemptPFInd0X
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjNetVlNoncharitableAssetsAmt01315243
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjNonchrtblNetInvstIncmPctAmt01333636
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr1Amt01314064
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr2Amt01320074
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr3Amt01180896
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr4Amt01274995
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr5Amt01247444
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AverageDistributionRt00.05457
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr1Rt00.055145
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr2Rt00.055665
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr3Rt00.052702
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr4Rt00.056583
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr5Rt00.052753
IRS990PF/QlfyUndSect4940eReducedTaxGrp/LiableSection4942TaxInd0false
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetInvestmentIncomePctAmt018393

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