For 45 years, Horizons' mission has been to support nonprofits serving and advocating for the LGBTQ community through grantmaking and programs; to increase philanthropic giving to LGBTQ causes; and to secure the community's long-term future for generations to come through legacy gifts from LGBTQ people across the community. While much of Horizons' grantmaking and programs focus on our San Francisco Bay Area home, multiple Horizons' initiatives and funds drive impact on LGBTQ issues of national and international concern.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 50 volunteers and 18 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $5.2M a year · 35% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $60.0M in investments, Pt X · Ln 11–13
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $879K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.4M
-39% vs prior year
Spent
$12.4M
To programs
89%
Net assets
$68.9M
By yearFY2020–FY2025
Revenue
$15.4M
FY2025▼ -39%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.2M
FY2021$8.5M
FY2022$19.2M
FY2023$12.0M
FY2024$25.1M
FY2025$15.4M
Expenses
$12.4M
FY2025▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.3M
FY2021$7.1M
FY2022$9.6M
FY2023$10.0M
FY2024$9.8M
FY2025$12.4M
Net assets
$68.9M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$34.9M
FY2021$40.6M
FY2022$44.4M
FY2023$47.1M
FY2024$64.4M
FY2025$68.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1981.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $11.0M Management & general 5% · $614K Fundraising 6% · $719K

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

25 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$282,414Pt VII · Sec A
VP of Grants, Programs & S
$178,103Pt VII · Sec A
CFO (aug-Jan)/Dir. of Fin. (apr-Present)
$138,708Pt VII · Sec A
Chief Philanthropic Office Until Sept 24
$131,788Pt VII · Sec A
Director of Philanthropic
$126,238Pt VII · Sec A
Senior Program Officer
$117,940Pt VII · Sec A
Events Manager
$106,499Pt VII · Sec A
$46,606Pt VII · Sec A

Roger Doughty’s $282K as President is at the 51st percentile of top reported officer pay among 572 $10–100M community development 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Roger Doughty$282,414$273,805$250,050$260,350$215,382$222,054
John Marvuglio$138,708$184,978$184,859$181,542$168,036$162,672
Francisco Buchting$178,103$173,152$168,950$157,441$148,842$145,403
Deb Stallings—————$155,686
Candace Lopez—$101,817$153,250$155,362——
Tracy Evans$131,788—————
Henry Pacheco$126,238$125,911$112,933———
Joshua Delfin$117,940—————

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 Horizons Foundation 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 15aYes

Programs and updates

Empowers the LGBTQ community by funding advocacy nonprofits, promoting philanthropic giving, and building a permanent endowment to secure resources for future generations.

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Provided by the organization

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3 programs · $11.0M · in their own filed words · FY2024
01

Grantmaking

Horizons Foundation provided direct financial support to nonprofit organizations through 1,561 grants to 792 organizations totaling $8,494,628 in 2025. Grants addressed multiple issues and populations related to the LGBTQ community, including health, HIV/AIDS, youth, arts, elders, communities of color, transgender rights, community…

$10.3Mprogram expense
02

Promoting Philanthropy

A lack of financial resources has long limited the capacity of nonprofit organizations to meet the varied and serious needs of the LGBTQ community, both in the Bay Area and beyond. Horizons is committed to bridging this gap not only through grantmaking but also by increasing community giving.

$686Kprogram expense
03

Securing the Lgbtq Future

There is an immense opportunity to bring additional financial resources to the LGBTQ community through legacy giving (giving from donors' estates). Horizons has long been a regional and national leader in efforts to realize this opportunity.

$70Kprogram 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
See all 10 funders →
Grants paid · 1,294 grants · $38.4M · 2019–2024
SageNY · FY2024$262,218
Uhai Eashri USA INCNY · FY2024$200,000
Outright Action InternationalNY · FY2024$178,950
West Edge OperaCA · FY2024$140,414
Ella Para TranslatinasCA · FY2024$140,250
Neo Philanthropy INCNY · FY2024$120,000
OpenhouseCA · FY2024$114,850
Frameline INCCA · FY2024$113,750
San Francisco Aids FoundationCA · FY2024$107,810
Transgender Gender Variant & Intersex Justice ProjectCA · FY2024$107,500
Smithsonian InstitutionDC · FY2024$100,000
See all 1,294 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$15.4M
Ln 12
Gifts and grantsLn 1h$12.4M
Investment incomeLn 3$3.3M
Fees for servicesLn 2g$100
Money outPt IX
$12.4M
Ln 25
Programscol B$11.0M
Managementcol C$614K
Fundraisingcol D$719K
Owns and owesPt X
$68.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$70.6M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
25
listed · VII A
PaidVII A9
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.4M
Government grantsLn 1e$987K
Noncash giftsLn 1g$3.8M
Fundraising eventsLn 1c$265K
Fees for servicesLn 2g$100
Investment incomeLn 3$3.3M
Gains on assetsLn 7$1.2M
Total revenueLn 12$15.4M
Assets in detailPt X, end of year
CashLn 1$2.5M
Cash and savings togetherLn 1–2$2.5M
InvestmentsLn 11–13$60.0M
Land, buildings, equipmentLn 10c$74K
Other assetsLn 15$596K
Total assetsLn 16$70.6M
LiabilitiesLn 26$1.8M
Net assetsLn 32$68.9M
OperationsPt I, VI
EmployeesI 518
VolunteersI 650
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$3.0M$2.5M
InvestmentsLn 11–13$55.1M$60.0M
Land, buildings, equipmentLn 10c$95K$74K
Total assetsLn 16$66.8M$70.6M
LiabilitiesLn 26$2.4M$1.8M
Net assetsLn 32$64.4M$68.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8.5M$8.5M
Grants to domestic individualsLn 2$7K$7K
Pay of current officers, directors and key staffLn 5$729K$467K$115K$147K
Other salaries and wagesLn 7$939K$595K$153K$191K
Pension plan contributionsLn 8$77K$55K$8K$14K
Other employee benefitsLn 9$66K$47K$7K$12K
Payroll taxesLn 10$124K$81K$21K$22K
Legal feesLn 11b$18K$15K$1K$2K
Accounting feesLn 11c$30K$24K$2K$4K
Investment management feesLn 11f$106K$106K
Other fees for servicesLn 11g$986K$796K$63K$126K
Advertising and promotionLn 12$2K$995$757
Office expensesLn 13$32K$2K$4K$26K
Information technologyLn 14$71K$54K$16K$2K
TravelLn 17$66K$64K$1K$1K
Conferences, conventions and meetingsLn 19$10K$3K$7K$51
InterestLn 20$7K$7K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$553K$308K$75K$170K
All other expensesLn 24e$36K$13K$21K$1K
Total functional expensesLn 25$12.4M$11.0M$614K$719K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $15.4M$12.4M$3.0M$68.9M 990 PDF
FY2024 $25.1M$9.8M$15.2M$64.4M 990 PDF
FY2023 $12.0M$10.0M$2.0M$47.1M 990 PDF
FY2022 $19.2M$9.6M$9.6M$44.4M 990 PDF
FY2021 $8.5M$7.1M$1.4M$40.6M 990 PDF
FY2020 $8.2M$8.3M−$110K$34.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $15,389,233 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,910,244$12,398,700
I-9 Program service revenuePrior year $5,408$100
I-10 Investment incomePrior year $2,244,917$3,275,219
I-11 Other revenuePrior year −$105,150−$284,786
I-12 Total revenuePrior year $25,055,419$15,389,233
I-13 Grants and similar amounts paidPrior year $6,948,070$8,494,628
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,452,561$1,936,296
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,427,140$1,922,757
I-18 Total expensesPrior year $9,827,771$12,353,681
I-19 Revenue less expensesPrior year $15,227,648$3,035,552
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $15,389,233 across 11 lines filed
VIII-1c Fundraising events$264,589
VIII-1e Government grants$986,684
VIII-1f All other contributions, gifts and grants$11,147,427
VIII-1g Noncash contributions (included above)$3,834,278
VIII-1h Total contributions, gifts and grants$12,398,700
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $100$100
VIII-3 Investment incomeExcluded from tax $2,065,598$2,065,598
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,209,621$1,209,621
VIII-8 Net income from fundraising eventsExcluded from tax −$296,804−$296,804
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $12,018$12,018
VIII-12 Total revenueRelated to mission $100 · Unrelated business $0 · Excluded from tax $2,990,433$15,389,233
Part IX · Statement of functional expenses $12,353,681 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $8,487,628$8,487,628
IX-2 Grants to domestic individualsPrograms $7,000$7,000
IX-5 Pay of current officers, directors and key staffPrograms $467,117 · Management $115,171 · Fundraising $147,027$729,315
IX-7 Other salaries and wagesPrograms $594,589 · Management $153,340 · Fundraising $191,357$939,286
IX-8 Pension plan contributionsPrograms $55,003 · Management $8,151 · Fundraising $13,935$77,089
IX-9 Other employee benefitsPrograms $47,344 · Management $7,016 · Fundraising $11,995$66,355
IX-10 Payroll taxesPrograms $81,451 · Management $21,106 · Fundraising $21,694$124,251
IX-11b Legal feesPrograms $14,652 · Management $1,168 · Fundraising $2,325$18,145
IX-11c Accounting feesPrograms $23,978 · Management $1,911 · Fundraising $3,804$29,693
IX-11f Investment management feesManagement $106,135$106,135
IX-11g Other fees for servicesPrograms $796,336 · Management $63,456 · Fundraising $126,343$986,135
IX-12 Advertising and promotionPrograms $995 · Fundraising $757$1,752
IX-13 Office expensesPrograms $1,996 · Management $4,273 · Fundraising $25,706$31,975
IX-14 Information technologyPrograms $53,587 · Management $15,779 · Fundraising $1,729$71,095
IX-17 TravelPrograms $63,918 · Management $1,105 · Fundraising $1,209$66,232
IX-19 Conferences, conventions and meetingsPrograms $3,328 · Management $6,665 · Fundraising $51$10,044
IX-20 InterestManagement $7,261$7,261
IX-23 InsuranceManagement $5,039$5,039
IX-24 Other expenses (24a–d)Programs $308,347 · Management $74,704 · Fundraising $170,310$553,361
IX-24e All other expensesPrograms $13,415 · Management $21,392 · Fundraising $1,083$35,890
IX-25 Total functional expensesPrograms $11,020,684 · Management $613,672 · Fundraising $719,325$12,353,681
Part X · Balance sheet $70,643,289 assets, 17 lines filed
Asset lines not itemized here account for $6,952,276; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,995,224$2,510,206
X-3 Pledges and grants receivableStart of year $11,523$34,680
X-4 Accounts receivableStart of year $172,463$324,127
X-9 Prepaid expenses and deferred chargesStart of year $128,178$134,681
X-10c Land, buildings and equipment, netStart of year $94,961$73,648
X-12 Other securitiesStart of year $55,119,410$60,018,032
X-15 Other assetsStart of year $1,088,639$595,639
X-16 Total assetsStart of year $66,794,950$70,643,289
X-17 Accounts payable and accrued expensesStart of year $441,209$364,515
X-18 Grants payableStart of year $271,988$241,694
X-19 Deferred revenueStart of year $6,644$3,000
X-25 Other liabilitiesStart of year $1,694,341$1,184,025
X-26 Total liabilitiesStart of year $2,414,182$1,793,234
X-27 Net assets without donor restrictionsStart of year $44,481,484$48,513,504
X-28 Net assets with donor restrictionsStart of year $19,899,284$20,336,551
X-32 Total net assets or fund balancesStart of year $64,380,768$68,850,055
X-33 Total liabilities and net assetsStart of year $66,794,950$70,643,289
Part XI · Reconciliation of net assets $68,850,055 net assets at year end
XI-1 Total revenue$15,389,233
XI-2 Total expenses$12,353,681
XI-3 Revenue less expenses$3,035,552
XI-4 Net assets at start of year$64,380,768
XI-5 Net unrealized gains (losses) on investments$1,433,735
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$68,850,055

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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