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Nonprofiteer
← HORIZON FOUNDATION INC

Form 990 for tax year 2023

Filed by HORIZON FOUNDATION INC.

Totals

Total revenue
$598,513
Total expenses
$698,710
Contributions and grants received
$578,928
Grants paid
$134,218
Program service revenue
$0
Investment income
$1,477
Other revenue
$18,108
Total assets, end of year
$809,644
Total liabilities, end of year
$25,778
Net assets or fund balances, end of year
$783,866
Program services expenses (Part IX)
$575,912
Management and general expenses
$47,050
Fundraising expenses
$75,748
Program service expenses (Part III)
$575,912

Program services were 82.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $75,000

  • 1f · All other contributions, gifts and grants

    $503,928

  • 1g · Noncash contributions included above

    $11,178

  • 3 · Investment income

    total $1,477 · excluded $1,477

  • 8a · Fundraising events: gross income

    $18,108

  • 8c · Net income from fundraising events

    total $18,108 · excluded $18,108

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $134,218 · program services $134,218

  • 5 · Compensation of officers, directors and key employees

    total $41,721 · program services $18,976 · management and general $1,750 · fundraising $20,995

  • 7 · Other salaries and wages

    total $65,587 · program services $29,832 · management and general $2,750 · fundraising $33,005

  • 10 · Payroll taxes

    total $19,524 · program services $7,694 · management and general $910 · fundraising $10,920

  • 11b · Fees: legal

    total $5,836 · management and general $5,836

  • 11c · Fees: accounting

    total $23,581 · management and general $23,581

  • 12 · Advertising and promotion

    total $70,952 · program services $70,952

  • 19 · Conferences, conventions and meetings

    total $26,949 · program services $26,949

  • 22 · Depreciation, depletion and amortization

    total $888 · management and general $888

  • 23 · Insurance

    total $2,032 · management and general $2,032

  • 24a · Other expenses: Other

    total $17,953 · management and general $7,125 · fundraising $10,828

  • 24b · Other expenses: In Kind Advertising

    total $11,178 · program services $11,178

  • 24c · Other expenses: Edison Awards Sponsorship

    total $50,000 · program services $50,000

  • 24d · Other expenses: Event Costs

    total $226,113 · program services $226,113

  • 24e · All other expenses

    total $2,178 · management and general $2,178

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $748,610 · end of year $573,418

  • 2 · Savings and temporary cash investments

    beginning of year $171,950 · end of year $231,885

  • 3 · Pledges and grants receivable

    beginning of year $750

  • 9 · Prepaid expenses and deferred charges

    end of year $825

  • 10a · Land, buildings and equipment: cost or other basis

    $37,499

  • 10b · Land, buildings and equipment: accumulated depreciation

    $33,983

  • 10c · Land, buildings and equipment, net

    beginning of year $2,652 · end of year $3,516

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,647 · end of year $23,763

  • 19 · Deferred revenue

    beginning of year $252 · end of year $2,015

  • 27 · Net assets without donor restrictions

    beginning of year $865,563 · end of year $756,866

  • 28 · Net assets with donor restrictions

    beginning of year $18,500 · end of year $27,000

Mission and programs · 2023

Mission

See Exempt Purpose.PDF

  • With the mission of marketing Lee County, business development line items include expenses such as the quarterly business survey Enterprise Florida Sponsorship (EFI). Business expenses include prospect visits, fundraising, promotional items and website management tools. EFI is a public-private partnership between Florida business and government leaders and its principal goal to expand the regions economy through job creation and by promoting Lee County as a destination business location.

    Expenses $441,694

  • The Foundation supports and participates in the activities of the Horizon Council and the Lee County Economic Development Office to retain and promote Southwest Florida as a business destination through sophisticated marketing efforts to strategically attract and retain companies that do or will do business in and with Lee County.

    Expenses $134,218

As filed on the 2023 return.

Listed in Part VII

  • William Johnson

    CEO

    Total calculated
    $94,375
    From this org
    $94,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Gail Markham

    Director

    Total calculated
    $0
    Hours/week
    0.25
  • John Talmag

    Director

    Total calculated
    $0
    Hours/week
    0.25
  • Diana Giraldo

    Director

    Total calculated
    $0
    Hours/week
    0.25
  • Matthew Price

    Director

    Total calculated
    $0
    Hours/week
    0.25
  • Chris Spiro

    Immediate Past President

    Total calculated
    $0
    Hours/week
    0.25
  • Ryan Carter

    Vice PresidentDirector

    Total calculated
    $0
    Hours/week
    0.25
  • Holly Smith

    PresidentDirector

    Total calculated
    $0
    Hours/week
    0.5
  • Fred Edman

    SecretaryDirector

    Total calculated
    $0
    Hours/week
    0.25
  • Sandra Stilwill

    TreasurerDirector

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • Economic Development Office

    $134,218

    Contribution towards marketing efforts

Provenance

Return type
form_990
Tax year
2023
Filed
29 August 2024
IRS schema version
2023v5.1
Source object
202423179349303737

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