Horizons Foundation FY2022 filing

Tax-deductible

San Francisco, CA501(c)(3)Since 1980Community DevelopmentEIN 94-2686530Revenue $19.2M in FY2022

On file with the IRShorizonsfoundation.org155 Sansome St Ste 650, 94104-3605 · San Francisco, CATax-exempt since Mar 1981Publicly supported charity — 170(b)(1)(A)(vi)

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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.
91¢ of each $1 spent went to programs.
$755K 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

FY2022 · 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
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$755K
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
1 mo
of spending, in cash
Fine: 1.2 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
4% of total assets
Looks good: liabilities are 4% 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
$19.2M
+127% vs prior year
Spent
$9.6M
To programs
91%
Net assets
$44.4M
By yearFY2020–FY2024
Revenue
$19.2M
FY2022▲ +127%
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
FY2024$15.4M
Expenses
$9.6M
FY2022▲ +36%
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
FY2024$12.4M
Net assets
$44.4M
FY2022▲ +10%
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
FY2024$68.9M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

91 cents of each dollar spent went to programs.

Program services 91% · $8.7M Management & general 6% · $547K Fundraising 4% · $367K

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

23 people listed on the 990; $755K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$260,350Pt VII · Sec A
$181,542Pt VII · Sec A
VP of Grants, Programs & S
$157,441Pt VII · Sec A
Chief Philanthropic Office
$155,362Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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$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.

Provided by the organization

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3 programs · $8.7M · in their own filed words · FY2021
01

Grantmaking

Horizons foundation provided direct financial support to nonprofit organizations through 1,518 grants to 801 organizations totaling $7,469,405 in 2022. Grants addressed multiple issues and populations, including the COVID19 crisis, health, HIV/AIDS, youth, arts, elders, communities of color, transgender rights, community building, and…

$7.9Mprogram expense
02

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 life-time and legacy gifts.

$752Kprogram 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…

$79Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$19.2M
Ln 12
Gifts and grantsLn 1h$16.1M
Investment incomeLn 3$3.2M
Money outPt IX
$9.6M
Ln 25
Programscol B$8.7M
Managementcol C$547K
Fundraisingcol D$367K
Owns and owesPt X
$44.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$46.3M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
23
listed · VII A
PaidVII A4
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.1M
Noncash giftsLn 1g$5.2M
Fundraising eventsLn 1c$229K
Investment incomeLn 3$3.2M
Gains on assetsLn 7$2.5M
Total revenueLn 12$19.2M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$43.1M
Land, buildings, equipmentLn 10c$97K
Other assetsLn 15$1.0M
Total assetsLn 16$46.3M
LiabilitiesLn 26$1.8M
Net assetsLn 32$44.4M
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 FY22End FY22
Cash and savingsLn 1–2$1.4M$1.0M
InvestmentsLn 11–13$40.0M$43.1M
Land, buildings, equipmentLn 10c$11K$97K
Total assetsLn 16$41.5M$46.3M
LiabilitiesLn 26$911K$1.8M
Net assetsLn 32$40.6M$44.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7.6M$7.6M
Grants to domestic individualsLn 2$5K$5K
Pay of current officers, directors and key staffLn 5$440K$180K$230K$30K
Other salaries and wagesLn 7$725K$540K$58K$127K
Pension plan contributionsLn 8$6K$6K
Other employee benefitsLn 9$101K$70K$29K$2K
Payroll taxesLn 10$80K$50K$19K$11K
Accounting feesLn 11c$25K$25K
Investment management feesLn 11f$105K$105K
Other fees for servicesLn 11g$128K$39K$69K$20K
Advertising and promotionLn 12$35K$17K$19K
Office expensesLn 13$40K$13K$15K$12K
Information technologyLn 14$62K$1K$60K$1K
OccupancyLn 16$182K$182K
TravelLn 17$15K$3K$12K$356
Conferences, conventions and meetingsLn 19$6K$6K$616
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$111K$219K−$202K$93K
All other expensesLn 24e$4K$43K−$83K$44K
Total functional expensesLn 25$9.6M$8.7M$547K$367K

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 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $19,242,544 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,810,617$16,063,541
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,694,750$3,214,793
I-11 Other revenuePrior year −$34,377−$35,790
I-12 Total revenuePrior year $8,470,990$19,242,544
I-13 Grants and similar amounts paidPrior year $5,279,482$7,557,905
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,233,817$1,353,005
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $555,800$736,453
I-18 Total expensesPrior year $7,069,099$9,647,363
I-19 Revenue less expensesPrior year $1,401,891$9,595,181
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $19,242,544 across 9 lines filed
VIII-1c Fundraising events$229,233
VIII-1f All other contributions, gifts and grants$15,834,308
VIII-1g Noncash contributions (included above)$5,231,439
VIII-1h Total contributions, gifts and grants$16,063,541
VIII-3 Investment incomeExcluded from tax $702,908$702,908
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,511,885$2,511,885
VIII-8 Net income from fundraising eventsExcluded from tax −$36,936−$36,936
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,146$1,146
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,179,003$19,242,544
Part IX · Statement of functional expenses $9,647,363 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $7,552,905$7,552,905
IX-2 Grants to domestic individualsPrograms $5,000$5,000
IX-5 Pay of current officers, directors and key staffPrograms $180,215 · Management $230,284 · Fundraising $29,607$440,106
IX-7 Other salaries and wagesPrograms $540,491 · Management $57,551 · Fundraising $127,235$725,277
IX-8 Pension plan contributionsFundraising $6,225$6,225
IX-9 Other employee benefitsPrograms $70,008 · Management $29,288 · Fundraising $1,927$101,223
IX-10 Payroll taxesPrograms $50,352 · Management $18,900 · Fundraising $10,922$80,174
IX-11c Accounting feesManagement $25,000$25,000
IX-11f Investment management feesManagement $104,905$104,905
IX-11g Other fees for servicesPrograms $38,629 · Management $69,300 · Fundraising $20,000$127,929
IX-12 Advertising and promotionPrograms $16,719 · Fundraising $18,712$35,431
IX-13 Office expensesPrograms $12,899 · Management $14,741 · Fundraising $12,411$40,051
IX-14 Information technologyPrograms $1,085 · Management $59,501 · Fundraising $1,086$61,672
IX-16 OccupancyManagement $181,965$181,965
IX-17 TravelPrograms $2,940 · Management $11,876 · Fundraising $356$15,172
IX-19 Conferences, conventions and meetingsManagement $5,563 · Fundraising $616$6,179
IX-22 Depreciation, depletion and amortizationManagement $10,525$10,525
IX-23 InsuranceManagement $12,279$12,279
IX-24 Other expenses (24a–d)Programs $219,391 · Management −$201,630 · Fundraising $93,390$111,151
IX-24e All other expensesPrograms $42,742 · Management −$82,717 · Fundraising $44,169$4,194
IX-25 Total functional expensesPrograms $8,733,376 · Management $547,331 · Fundraising $366,656$9,647,363
Part X · Balance sheet $46,250,238 assets, 17 lines filed
Asset lines not itemized here account for $216,608; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,351,054$1,001,378
X-3 Pledges and grants receivableStart of year $1,992$10,000
X-4 Accounts receivable$47,746
X-9 Prepaid expenses and deferred chargesStart of year $24,150$729,533
X-10c Land, buildings and equipment, netStart of year $10,874$96,845
X-11 Publicly traded securitiesStart of year $40,005,076$43,126,436
X-15 Other assetsStart of year $20,374$1,021,692
X-16 Total assetsStart of year $41,480,128$46,250,238
X-17 Accounts payable and accrued expensesStart of year $209,387$221,414
X-18 Grants payableStart of year $130,700$130,500
X-19 Deferred revenueStart of year $8,500$0
X-25 Other liabilitiesStart of year $562,591$1,453,811
X-26 Total liabilitiesStart of year $911,178$1,805,725
X-27 Net assets without donor restrictionsStart of year $23,470,158$27,039,454
X-28 Net assets with donor restrictionsStart of year $17,098,792$17,405,059
X-32 Total net assets or fund balancesStart of year $40,568,950$44,444,513
X-33 Total liabilities and net assetsStart of year $41,480,128$46,250,238
Part XI · Reconciliation of net assets $44,444,513 net assets at year end
XI-1 Total revenue$19,242,544
XI-2 Total expenses$9,647,363
XI-3 Revenue less expenses$9,595,181
XI-4 Net assets at start of year$40,568,950
XI-5 Net unrealized gains (losses) on investments−$5,719,618
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$44,444,513

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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