Horizon Foundation Inc

Grundy, VA
Tax-exempt since March 2003
EIN: 54-2043359

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.2M (2023)

Expenses

$1.63M (2023)

Total Assets

$16.1M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$1,196,765

Expenses

$1,627,158

Net Income

-$430,393

Net Assets

$16,123,074

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$400,000	33.4%
Interest Revenue	$135,448	11.3%
Dividends	$379,907	31.7%
Sales of Assets	$276,114	23.1%
Other Income	$5,296	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,239,495	76.2%
Compensation of Officers*	$141,800	8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,123,074
Total Liabilities	$0
Net Assets	$16,123,074

Compensation

Key Employees and Officers	Compensation	Other
Lois Shanahan (Secretary)	$141,800	$0
John Groseclose (President/Tr)	$0	$0

990-PF

Filed on May 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$1,512,145

Expenses

$665,184

Net Income

$846,961

Net Assets

$16,553,467

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50	0.0%
Interest Revenue	$33,734	2.2%
Dividends	$454,127	30.0%
Sales of Assets	$1,003,942	66.4%
Other Income	$20,292	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$465,475	70.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,553,467
Total Liabilities	$0
Net Assets	$16,553,467

Compensation

Key Employees and Officers	Compensation	Other
Lois Shanahan (Secretary)	$0	$0
John Groseclose (President/Tr)	$0	$0

990-PF

Filed on Sept. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,101,366

Expenses

$1,277,731

Net Income

-$176,365

Net Assets

$15,706,506

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$937	0.1%
Interest Revenue	$33,132	3.0%
Dividends	$430,614	39.1%
Sales of Assets	$469,274	42.6%
Other Income	$167,409	15.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,051,234	82.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,706,506
Total Liabilities	$0
Net Assets	$15,706,506

Compensation

Key Employees and Officers	Compensation	Other
Lois Shanahan (Secretary)	$0	$0
John Groseclose (President/Tr)	$0	$0

990-PF

Filed on Nov. 14, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$1,619,323

Expenses

$695,146

Net Income

$924,177

Net Assets

$15,882,870

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,007,160	62.2%
Interest Revenue	$50,002	3.1%
Dividends	$401,370	24.8%
Sales of Assets	$158,161	9.8%
Other Income	$2,630	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$473,749	68.2%
Compensation of Officers*	$117,715	16.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,882,871
Total Liabilities	$1
Net Assets	$15,882,870

Compensation

Key Employees and Officers	Compensation	Other
John Groseclose (President/Tr)	$94,172	$0
Lois Shanahan (Secretary)	$23,543	$0

990-PF

Filed on Sept. 21, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,064,594

Expenses

$783,998

Net Income

$280,596

Net Assets

$14,958,693

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,830	0.6%
Interest Revenue	$5,192	0.5%
Dividends	$474,405	44.6%
Sales of Assets	$568,702	53.4%
Other Income	$9,465	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$439,008	56.0%
Compensation of Officers*	$168,975	21.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,958,694
Total Liabilities	$1
Net Assets	$14,958,693

Compensation

Key Employees and Officers	Compensation	Other
John Groseclose (President/Tr)	$140,380	$0
Lois Shanahan (Secretary)	$28,595	$0

990-PF

Filed on June 2, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$13,446,930

Expenses

$144,261

Net Income

$13,302,669

Net Assets

$14,678,098

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$11,993,233	89.2%
Interest Revenue	$3,776	0.0%
Dividends	$81,601	0.6%
Sales of Assets	$1,368,320	10.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$136,336	94.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,678,098
Total Liabilities	$0
Net Assets	$14,678,098

Compensation

Key Employees and Officers	Compensation	Other
Lois Shanahan (Director)	$0	$0
John Groseclose (Director)	$0	$0

990-PF

Filed on May 22, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$150,881

Expenses

$49,805

Net Income

$101,076

Net Assets

$1,374,001

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	33.1%
Interest Revenue	$80	0.1%
Dividends	$21,171	14.0%
Sales of Assets	$79,630	52.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,925	96.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,374,001
Total Liabilities	$0
Net Assets	$1,374,001

Compensation

Key Employees and Officers	Compensation	Other
David Shanahan (Director)	$0	$0
Louise Shanahan (Director)	$0	$0
John Groseclose (Director)	$0	$0

990-PF

Filed on Feb. 23, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$342,160

Expenses

$46,899

Net Income

$295,261

Net Assets

$1,272,925

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$61,000	17.8%
Interest Revenue	$19	0.0%
Dividends	$17,038	5.0%
Sales of Assets	$264,103	77.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,955	95.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,272,925
Total Liabilities	$0
Net Assets	$1,272,925

Compensation

Key Employees and Officers	Compensation	Other
David Shanahan (Director)	$0	$0
Jill Tullo (Director)	$0	$0
Suzanne Snapp (Director)	$0	$0

990-PF

Filed on March 14, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$72,824

Expenses

$77,237

Net Income

-$4,413

Net Assets

$977,664

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$35,000	48.1%
Interest Revenue	$882	1.2%
Dividends	$4,976	6.8%
Sales of Assets	$31,966	43.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$75,661	98.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$977,664
Total Liabilities	$0
Net Assets	$977,664

Compensation

Key Employees and Officers	Compensation	Other
David Shanahan (Director)	$0	$0
Jill Tullo (Director)	$0	$0
Suzanne Snapp (Director)	$0	$0

990-PF

Filed on March 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$24,891

Expenses

$65,823

Net Income

-$40,932

Net Assets

$982,077

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	> 100%
Interest Revenue	$1,527	6.1%
Dividends	$5,116	20.6%
Sales of Assets	-$31,752
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,191	97.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$982,077
Total Liabilities	$0
Net Assets	$982,077

Compensation

Key Employees and Officers	Compensation	Other
David Shanahan (Director)	$0	$0
Jill Tullo (Director)	$0	$0
Suzanne Snapp (Director)	$0	$0

990-PF

Filed on May 6, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$56,218

Expenses

$74,263

Net Income

-$18,045

Net Assets

$1,023,009

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	88.9%
Interest Revenue	$1,343	2.4%
Dividends	$4,875	8.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,695	99.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,023,009
Total Liabilities	$0
Net Assets	$1,023,009

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$39,896

Expenses

$30,938

Net Income

$8,958

Net Assets

$1,041,054

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$37,500	94.0%
Interest Revenue	$2,007	5.0%
Dividends	$3,458	8.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,380	98.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,041,054
Total Liabilities	$0
Net Assets	$1,041,054

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$62,265

Expenses

$50,894

Net Income

$11,371

Net Assets

$1,032,096

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	80.3%
Interest Revenue	$4,464	7.2%
Dividends	$2,665	4.3%
Sales of Assets	$5,136	8.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,298	98.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,032,096
Total Liabilities	$0
Net Assets	$1,032,096

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Horizon Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.2M (2023)

Expenses $1.63M (2023)

Total Assets $16.1M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Revenue

$1.2M (2023)

Expenses

$1.63M (2023)

Total Assets

$16.1M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003