Horizons School INC EIN 63-1251343 Form 990 (PDF) Claim this org

Horizons School INC

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Helps young adults with learning disabilities and autism transition to independent living through community education. For fiscal year 2024 it reported $790K in revenue, $1.1M in expenses, and $1.4M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Birmingham, AL
Website
www.horizonsschool.org
Filings
2 on file (2023–2024)
Revenue
$790KFY2024
Expenses
$1.1M
Net assets
$1.4M
People
14
Filings
2
Updates
0
More identity details & actions ⌄
EIN  63-1251343 Public charity (501(c)(3)) Birmingham, AL
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps young adults with learning disabilities and autism transition to independent living through community education.
Leadership
Brian F Geiger · Executive Director · $109K
Money in and out
$790K revenue, $1.1M expenses
Bottom line
51% program efficiency
Where the money goes · FY2024
Total revenue
$790K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$321K
Where spending went · Part IX cols B–D
Program services $0.51 Management & general $0.46 Fundraising $0.03
Program efficiency
51%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
3.4mo
months of highly liquid reserves at operating expense rate▼ -35% vs prior filing year
Surplus margin
-41%
revenue over expenses, this year▼ -306% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$790K
FY2024▼ -34%
Expenses
$1.1M
FY2024▲ +15%
Total assets
$1.9M
FY2024▼ -12%
Total liabilities
$456K
FY2024▲ +19%
Total revenue
$790K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$321K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B51%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHorizons School INC
EINHdr · item D63-1251343
Principal addressHdr · item CBirmingham, AL
WebsiteHdr · item Jwww.horizonsschool.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B28)
Ruling yearIRS BMFJan 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$109,330Pt VII · Sec A
President, Interim Treasurer
$0Pt VII · Sec A
Building Committee Chair
$0Pt VII · Sec A
Fundraising & Development Committee Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Emeritus Member
$0Pt VII · Sec A

Brian F Geiger’s $109K as Executive Director is at the 87th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Brian F Geiger$109,330$107,955

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $564K of program spending, described in the organization's own filed words · FY2023.
01

Group and Individual Instruction

The horizons school continues to improve its learning program by incorporating best practices and examining student outcomes. Students learn to safely access the community for employment, personal needs, and social activities using public transit. Functional literacy classes enhanced students' skills for independent living and work.

$564Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$539K · 68%
Contributions & grants$247K · 31%
Other revenue$5K · 1%
Program service revenue68%$539K
Contributions & grants31%$247K
Other revenue1%$5K
Investment income$299
Total revenueLn 12$790K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.51 Management & general $0.46 Fundraising $0.03
Program services51%$564K
Management & general46%$516K
Fundraising3%$32K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$314K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$456K
Total net assetsLn 32$1.4M
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $314K · Operating expenses/yr $1.1M
3.4 months
Where the money goes
Program services
Program services $564K · Total expenses $1.1M
51%
Management & General
Management & general $516K · Total expenses $1.1M
46%
Fundraising
Fundraising $32K · Total expenses $1.1M
3%
Cost to raise $1
Fundraising expense (2-yr avg) $23K · Solicited contributions (2-yr avg) $344K
$0.07 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $247K · Total revenue $790K
31%
Government reliance
Government grants — · Total revenue $790K
Earned-income share
Program service revenue $539K · Total revenue $790K
68%
Investment reliance
Investment income $299 · Total revenue $790K
+0.04%
Program self-sufficiency
Program service revenue $539K · Total expenses $1.1M
48%
Growth & trend
Revenue growth (YoY)
This year $790K · Prior year $1.2M
-34%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $790K · Expenses $1.1M
-41%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.4M · Total assets $1.9M
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brian F Geiger · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $109K · Total expenses $1.1M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $564K · Total expenses $1.1M
51%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 51%
Overhead ratio 46%
Fundraising cost ratio 13%
Revenue growth -34%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$11K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$790K revenue · viewing · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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