Horizons Foundation EIN 94-2686530 Form 990 (PDF) Claim this org

Horizons Foundation

Not yet claimed Claim this org →

Empowers the LGBTQ community by funding advocacy nonprofits, promoting philanthropic giving, and building a permanent endowment to secure resources for future generations. For fiscal year 2024 it reported $15.4M in revenue, $12.4M in expenses, and $68.9M in net assets.Pt I

Founded
1980
Type
Public charity (501(c)(3)) · Community Development
Location
San Francisco, CA
Website
www.horizonsfoundation.org
Filings
5 on file (2020–2024)
Revenue
$15.4MFY2024
Expenses
$12.4M
Net assets
$68.9M
People
25
Filings
5
Updates
0
More identity details & actions ⌄
EIN  94-2686530 Public charity (501(c)(3)) San Francisco, CA Founded 1980
Form 990 (PDF)
Compare with another nonprofit →
Figures match the IRS filing checked 8/9/26 · see original: IRS
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Horizons Foundation claims this page.

Know this organization? Claim it to add your story

Size
$10–100M
What they do
Empowers the LGBTQ community by funding advocacy nonprofits, promoting philanthropic giving, and building a permanent endowment to secure resources for future generations.
Leadership
Roger Doughty · President · $282K
Money in and out
$15.4M revenue, $12.4M expenses
Bottom line
89% program efficiency
Where the money goes · FY2024
Total revenue
$15.4M
Pt VIII · Ln 12
Total expenses
$12.4M
Pt IX · Ln 25
Net assets
$68.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.0M
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.05 Fundraising $0.06
Program efficiency
89%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
88.1mo
months of highly liquid reserves at operating expense rate▼ -19% vs prior filing year
Surplus margin
+20%
revenue over expenses, this year▼ -68% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$15.4M
FY2024▼ -39%
Expenses
$12.4M
FY2024▲ +26%
Total assets
$70.6M
FY2024▲ +6%
Total liabilities
$1.8M
FY2024▼ -26%
Total revenue
$15.4M
Pt VIII · Ln 12
Total expenses
$12.4M
Pt IX · Ln 25
Net assets
$68.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.0M
Total assetsPt X · Ln 16$70.6M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHorizons Foundation
EINHdr · item D94-2686530
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.horizonsfoundation.org
Year of formationHdr · item L1980
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S50Z)
Ruling yearIRS BMFMar 1981

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
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
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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Roger Doughty$282,414$273,805
Roger Doughty$250,050$260,350$215,382$222,054
John Marvuglio$138,708$184,978
John Marvuglio$184,859$181,542$168,036$162,672
Francisco Buchting$178,103$173,152
Francisco Buchting$168,950$157,441$148,842$145,403
Deb Stallings$155,686
Candace Lopez$153,250$155,362

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 →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

3 program services account for $11.0M of program spending, described in the organization's 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

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$12.4M · 81%
Investment income$3.3M · 21%
Contributions & grants81%$12.4M
Investment income21%$3.3M
Program service revenue$100
— government grantsLn 1e$987K
Total revenueLn 12$15.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.05 Fundraising $0.06
Program services89%$11.0M
Management & general5%$614K
Fundraising6%$719K
Total functional expensesLn 25$12.4M

Balance Sheet

Part X · end of year
CashLn 1$2.5M
Total assetsLn 16$70.6M
Total liabilitiesLn 26$1.8M
Total net assetsLn 32$68.9M
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $62.5M · Operating expenses (Pt IX) $12.4M · Less non-cash grants $3.8M · Cash operating expenses/yr $8.5M
88.1 months
Where the money goes
Program services
Program services $11.0M · Total expenses $12.4M
89%
Management & General
Management & general $614K · Total expenses $12.4M
5%
Fundraising
Fundraising $719K · Total expenses $12.4M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $528K · Solicited contributions (3-yr avg) $14.6M
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $12.4M · Total revenue $15.4M
81%
Government reliance
Government grants $987K · Total revenue $15.4M
6%
Earned-income share
Program service revenue $100 · Total revenue $15.4M
<0.01%
Investment reliance
Investment income $3.3M · Total revenue $15.4M
+21%
Program self-sufficiency
Program service revenue $100 · Total expenses $12.4M
<0.01%
Growth & trend
Revenue growth (YoY)
This year $15.4M · Prior year $25.1M
-39%
Revenue CAGR
FY2019 $8.2M · FY2024 $15.4M
+13%
Net-asset trend (YoY)
End of year $68.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $15.4M · Expenses $12.4M
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $70.6M
Net-asset ratio
Net assets $68.9M · Total assets $70.6M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $60.0M · Total assets (Pt X, ln 16) $70.6M
85%
People & payroll
Highest Reported Total Compensation
Individual Roger Doughty · Reported title President · Highest reported compensation $282K · Total expenses $12.4M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.9M · Total expenses $12.4M
16%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 5%
Fundraising cost ratio 6%
Revenue growth -39%

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 · received and paid
Grants received · FY2024
See all 9 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 →

Similar Organizations

Closest in mission — by what they do
See all organizations like Horizons Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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$25.1M revenue · ⤓ 990 PDF
FY2023$12.0M revenue · ⤓ 990 PDF
FY2022$19.2M revenue · ⤓ 990 PDF
FY2021$8.5M revenue · ⤓ 990 PDF
FY2020$8.2M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.