Horizons Foundation FY2021 filing

Tax-deductible

San Francisco, CA501(c)(3)Since 1980Community DevelopmentEIN 94-2686530

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.
$532K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $5.6M a year · 39% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 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
$532K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 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
$911K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.5M
+3% vs prior year
Spent
$7.1M
To programs
89%
Net assets
$40.6M
By yearFY2020–FY2024
Revenue
$8.5M
FY2021▲ +3%
Revenue by fiscal year
FY2020$8.2M
FY2021$8.5M
FY2022$19.2M
FY2023$12.0M
FY2024$25.1M
FY2024$15.4M
Expenses
$7.1M
FY2021▼ -15%
Expenses by fiscal year
FY2020$8.3M
FY2021$7.1M
FY2022$9.6M
FY2023$10.0M
FY2024$9.8M
FY2024$12.4M
Net assets
$40.6M
FY2021▲ +16%
Net assets by fiscal year
FY2020$34.9M
FY2021$40.6M
FY2022$44.4M
FY2023$47.1M
FY2024$64.4M
FY2024$68.9M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. 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% · $6.3M Management & general 6% · $429K Fundraising 5% · $322K

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

Who runs it and what they're paid

22 people listed on the 990; $532K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$215,382Pt VII · Sec A
$168,036Pt VII · Sec A
VP of Grants, Programs & Strategic Initiatives
$148,842Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt 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 →

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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.

Provided by the organization

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3 program services account for $6.3M of program spending, described in the organization's own filed words · FY2020.
01

Grantmaking

Horizons foundation provided direct financial support to nonprofit organizations through 1,467 grants to 741 organizations totaling $5,190,482 in 2021. Grants addressed multiple issues and populations, including the COVID19 crisis, health, HIV/AIDS, youth, arts, elders, communities of color, transgender rights, community building, and…

$5.6Mprogram expense
02

Promoting Philanthropy

Increasing LGBTQ community resources: (a) horizons promoted giving by LGBTQ people for LGBTQ causes by offering expert seminars to educate hundreds of donors and financial and legal advisors serving the LGBTQ community and by working with individual donors to define their philanthropic goals and develop giving strategies for both…

$597Kprogram expense
03

Capacity Building

Leadership development: recognizing that strong leadership is crucial to the LGBQT community, horizons has long been committed to developing community leadership. In the past year, horizons continued to sponsor an on-going group of executive directors of LGBTQQ organizations that provides consistent support and networking for key…

$88Kprogram expense

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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 FY2021 990, line by line.

1The main four
Money inPt VIII
$8.5M
Ln 12
Gifts and grantsLn 1h$6.8M
Investment incomeLn 3$1.7M
Money outPt IX
$7.1M
Ln 25
Programscol B$6.3M
Managementcol C$429K
Fundraisingcol D$322K
Owns and owesPt X
$40.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$41.5M
LiabilitiesLn 26$911K
PeoplePt VI, VII
22
listed · VII A
PaidVII A3
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.8M
Government grantsLn 1e$5K
Noncash giftsLn 1g$4.0M
Fundraising eventsLn 1c$344K
Investment incomeLn 3$1.7M
Gains on assetsLn 7$1.2M
Total revenueLn 12$8.5M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$40.0M
Land, buildings, equipmentLn 10c$11K
Other assetsLn 15$20K
Total assetsLn 16$41.5M
LiabilitiesLn 26$911K
Net assetsLn 32$40.6M
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 FY21End FY21
Cash and savingsLn 1–2$691K$1.4M
InvestmentsLn 11–13$34.7M$40.0M
Land, buildings, equipmentLn 10c$26K$11K
Total assetsLn 16$35.9M$41.5M
LiabilitiesLn 26$910K$911K
Net assetsLn 32$34.9M$40.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.3M$5.3M
Grants to domestic individualsLn 2$5K$5K
Pay of current officers, directors and key staffLn 5$442K$193K$217K$33K
Other salaries and wagesLn 7$652K$410K$101K$141K
Pension plan contributionsLn 8$23K$13K$4K$6K
Other employee benefitsLn 9$40K$25K$7K$8K
Payroll taxesLn 10$76K$42K$22K$12K
Legal feesLn 11b$2K$1K$550$650
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$86K$50K$37K
Advertising and promotionLn 12$17K$16K$726$1K
Office expensesLn 13$83K$16K$49K$18K
Information technologyLn 14$110K$48K$62K
OccupancyLn 16$173K$173K
TravelLn 17$940$940
Conferences, conventions and meetingsLn 19$5K$5K
Depreciation, depletion and amortizationLn 22$12K$11K$322
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$31K$226K−$295K$101K
Total functional expensesLn 25$7.1M$6.3M$429K$322K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
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 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $8,470,990 across 10 lines filed
VIII-1c Fundraising events$344,276
VIII-1e Government grants$5,326
VIII-1f All other contributions, gifts and grants$6,461,015
VIII-1g Noncash contributions (included above)$4,000,442
VIII-1h Total contributions, gifts and grants$6,810,617
VIII-3 Investment incomeExcluded from tax $527,907$527,907
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,166,843$1,166,843
VIII-8 Net income from fundraising eventsExcluded from tax −$38,703−$38,703
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,326$4,326
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,660,373$8,470,990
Part IX · Statement of functional expenses $7,069,099 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $5,274,482$5,274,482
IX-2 Grants to domestic individualsPrograms $5,000$5,000
IX-5 Pay of current officers, directors and key staffPrograms $192,546 · Management $216,503 · Fundraising $33,198$442,247
IX-7 Other salaries and wagesPrograms $410,293 · Management $100,816 · Fundraising $140,882$651,991
IX-8 Pension plan contributionsPrograms $13,069 · Management $3,617 · Fundraising $6,146$22,832
IX-9 Other employee benefitsPrograms $25,251 · Management $7,096 · Fundraising $8,090$40,437
IX-10 Payroll taxesPrograms $42,198 · Management $22,068 · Fundraising $12,044$76,310
IX-11b Legal feesPrograms $1,288 · Management $550 · Fundraising $650$2,488
IX-11c Accounting feesManagement $24,500$24,500
IX-11g Other fees for servicesPrograms $49,535 · Management $36,524$86,059
IX-12 Advertising and promotionPrograms $15,538 · Management $726 · Fundraising $1,167$17,431
IX-13 Office expensesPrograms $15,702 · Management $49,072 · Fundraising $18,281$83,055
IX-14 Information technologyPrograms $48,064 · Management $61,840$109,904
IX-16 OccupancyManagement $173,181$173,181
IX-17 TravelManagement $940$940
IX-19 Conferences, conventions and meetingsManagement $4,534$4,534
IX-22 Depreciation, depletion and amortizationManagement $11,376 · Fundraising $322$11,698
IX-23 InsuranceManagement $10,658$10,658
IX-24 Other expenses (24a–d)Programs $225,647 · Management −$295,460 · Fundraising $101,165$31,352
IX-25 Total functional expensesPrograms $6,318,613 · Management $428,541 · Fundraising $321,945$7,069,099
Part X · Balance sheet $41,480,128 assets, 16 lines filed
Asset lines not itemized here account for $66,608; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $690,640$1,351,054
X-3 Pledges and grants receivableStart of year $351,992$1,992
X-9 Prepaid expenses and deferred chargesStart of year $27,565$24,150
X-10c Land, buildings and equipment, netStart of year $26,041$10,874
X-11 Publicly traded securitiesStart of year $34,667,867$40,005,076
X-15 Other assetsStart of year $20,739$20,374
X-16 Total assetsStart of year $35,854,872$41,480,128
X-17 Accounts payable and accrued expensesStart of year $182,566$209,387
X-18 Grants payableStart of year $161,000$130,700
X-19 Deferred revenueStart of year $85,500$8,500
X-25 Other liabilitiesStart of year $481,117$562,591
X-26 Total liabilitiesStart of year $910,183$911,178
X-27 Net assets without donor restrictionsStart of year $21,026,702$23,470,158
X-28 Net assets with donor restrictionsStart of year $13,917,987$17,098,792
X-32 Total net assets or fund balancesStart of year $34,944,689$40,568,950
X-33 Total liabilities and net assetsStart of year $35,854,872$41,480,128
Part XI · Reconciliation of net assets $40,568,950 net assets at year end
XI-1 Total revenue$8,470,990
XI-2 Total expenses$7,069,099
XI-3 Revenue less expenses$1,401,891
XI-4 Net assets at start of year$34,944,689
XI-5 Net unrealized gains (losses) on investments$4,222,370
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$40,568,950

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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