Horizon Foundation INC

Tax-deductible

Fort Myers, FL501(c)(3)Foundations & GrantmakersEIN 65-0872214

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501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 50 volunteers and 3 employees.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $36K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
to officers and key staff · 14% of spending
Top officer’s pay higher than 82% of similar orgs
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$54K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$600K
+0.3% vs prior year
Spent
$669K
To programs
84%
Net assets
$715K
By yearFY2020–FY2024
Revenue
$600K
FY2024+0.3%
Revenue by fiscal year
FY2020$419K
FY2021$501K
FY2022$543K
FY2023$599K
FY2024$600K
Expenses
$669K
FY2024▼ -4%
Expenses by fiscal year
FY2020$253K
FY2021$405K
FY2022$457K
FY2023$699K
FY2024$669K
Net assets
$715K
FY2024▼ -9%
Net assets by fiscal year
FY2020$702K
FY2021$798K
FY2022$884K
FY2023$784K
FY2024$715K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $562K Management & general 6% · $38K Fundraising 10% · $69K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $94K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$94,375Pt VII · Sec A
Pres/Directo
$0Pt VII · Sec A
VP/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Di
$0Pt VII · Sec A
Past Pres/Di
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

William Johnson’s $94K as Executive Di is at the 82nd percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
William Johnson$94,375$94,375$12,815
Dilman Thomas——$70,942

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.

See Horizon Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes Southwest Florida as a business destination, attracting and retaining companies in Lee County.

Provided by the organization

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2 programs · $454K · in their own filed words · FY2024
01

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.

$288Kprogram expense
02

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.

$166Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$8K
Grants paid · 5 grants · $488K · 2020–2024
Economic Development OfficeFY2024$165,582
Economic Development OfficeFY2023$134,218
Economic Development OfficeFY2022$74,542
Economic Development OfficeFY2021$85,535
Economic Development OfficeFY2020$28,406

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$600K
Ln 12
Gifts and grantsLn 1h$566K
Other incomeLn 4–11$20K
Investment incomeLn 3$15K
Money outPt IX
$669K
Ln 25
Programscol B$562K
Managementcol C$38K
Fundraisingcol D$69K
Owns and owesPt X
$715K
net assets · Ln 32
Cash and savingsLn 1–2$730K
Total assetsLn 16$769K
LiabilitiesLn 26$54K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$566K
Government grantsLn 1e$34K
Investment incomeLn 3$15K
Other incomeLn 4–11$20K
Total revenueLn 12$600K
Assets in detailPt X, end of year
CashLn 1$88K
SavingsLn 2$642K
Cash and savings togetherLn 1–2$730K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$769K
LiabilitiesLn 26$54K
Net assetsLn 32$715K
OperationsPt I, VI
EmployeesI 53
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$805K$730K
Land, buildings, equipmentLn 10c$4K$3K
Total assetsLn 16$810K$769K
LiabilitiesLn 26$26K$54K
Net assetsLn 32$784K$715K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$166K$166K
Pay of current officers, directors and key staffLn 5$93K$33K$5K$56K
Other salaries and wagesLn 7$8K$3K$378$5K
Payroll taxesLn 10$7K$2K$357$4K
Other fees for servicesLn 11g$27K$27K
Advertising and promotionLn 12$71K$71K
Depreciation, depletion and amortizationLn 22$888$888
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$288K$288K
All other expensesLn 24e$6K$3K$4K
Total functional expensesLn 25$669K$562K$38K$69K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $600K$669K−$68K$715K 990 PDF
FY2023 $599K$699K−$100K$784K 990 PDF
FY2022 $543K$457K$86K$884K 990 PDF
FY2021 $501K$405K$96K$798K 990 PDF
FY2020 $419K$253K$166K$702K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $600,423 across 7 lines filed
VIII-1a Federated campaigns$1,000
VIII-1e Government grants$34,500
VIII-1f All other contributions, gifts and grants$530,186
VIII-1h Total contributions, gifts and grants$565,686
VIII-3 Investment incomeExcluded from tax $14,701$14,701
VIII-8 Net income from fundraising events$20,036
VIII-12 Total revenueExcluded from tax $14,701$600,423
Part IX · Statement of functional expenses $668,833 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $165,582$165,582
IX-5 Pay of current officers, directors and key staffPrograms $32,681 · Management $4,669 · Fundraising $56,025$93,375
IX-7 Other salaries and wagesPrograms $2,647 · Management $378 · Fundraising $4,537$7,562
IX-10 Payroll taxesPrograms $2,498 · Management $357 · Fundraising $4,282$7,137
IX-11g Other fees for servicesManagement $27,237$27,237
IX-12 Advertising and promotionPrograms $70,580$70,580
IX-22 Depreciation, depletion and amortizationManagement $888$888
IX-23 InsuranceManagement $2,067$2,067
IX-24 Other expenses (24a–d)Programs $288,098$288,098
IX-24e All other expensesManagement $2,523 · Fundraising $3,784$6,307
IX-25 Total functional expensesPrograms $562,086 · Management $38,119 · Fundraising $68,628$668,833
Part X · Balance sheet $768,991 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $573,418$88,310
X-2 Savings and temporary cash investmentsStart of year $231,885$641,555
X-4 Accounts receivable$36,000
X-9 Prepaid expenses and deferred chargesStart of year $825$498
X-10c Land, buildings and equipment, netStart of year $3,516$2,628
X-16 Total assetsStart of year $809,644$768,991
X-17 Accounts payable and accrued expensesStart of year $23,763$51,543
X-19 Deferred revenueStart of year $2,015$1,997
X-26 Total liabilitiesStart of year $25,778$53,540
X-27 Net assets without donor restrictionsStart of year $756,866$688,451
X-28 Net assets with donor restrictionsStart of year $27,000$27,000
X-32 Total net assets or fund balancesStart of year $783,866$715,451
X-33 Total liabilities and net assetsStart of year $809,644$768,991
Part XI · Reconciliation of net assets $715,451 net assets at year end
XI-1 Total revenue$600,423
XI-2 Total expenses$668,833
XI-3 Revenue less expenses−$68,410
XI-4 Net assets at start of year$783,866
XI-8 Prior period adjustments−$893
XI-9 Other changes in net assets$888
XI-10 Net assets at end of year$715,451

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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