Horizons Foundation FY2024 filing

Tax-deductible

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

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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.
88¢ of each $1 spent went to programs.
$860K 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

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
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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$860K
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
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
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
$2.4M
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
$25.1M
+108% vs prior year
Spent
$9.8M
To programs
88%
Net assets
$64.4M
By yearFY2020–FY2024
Revenue
$25.1M
FY2024▲ +108%
Revenue by fiscal year
FY2020$8.2M
FY2021$8.5M
FY2022$19.2M
FY2023$12.0M
FY2024$25.1M
FY2024$15.4M
Expenses
$9.8M
FY2024▼ -2%
Expenses by fiscal year
FY2020$8.3M
FY2021$7.1M
FY2022$9.6M
FY2023$10.0M
FY2024$9.8M
FY2024$12.4M
Net assets
$64.4M
FY2024▲ +37%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

88 cents of each dollar spent went to programs.

Program services 88% · $8.6M Management & general 8% · $797K Fundraising 4% · $425K

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

17 people listed on the 990; $860K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$273,805Pt VII · Sec A
$184,978Pt VII · Sec A
VP of Grants, Programs & S
$173,152Pt VII · Sec A
Director of Philanthropic Services
$125,911Pt VII · Sec A
Chief Philanthropic Office
$101,817Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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.

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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 $8.6M of program spending, described in the organization's own filed words · FY2023.
01

Grantmaking

Horizons Foundation provided direct financial support to nonprofit organizations through 1,472 grants to 782 organizations totaling $6,962,819 in 2024. Grants addressed multiple issues and populations related to the LGBTQ community, including health, HIV/AIDS, youth, arts, elders, communities of color, transgender rights, community…

$7.8Mprogram 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.

$731Kprogram expense
03

Securing the Lgbtq Future

There is a significant 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.

$62Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$25.1M
Ln 12
Gifts and grantsLn 1h$22.9M
Investment incomeLn 3$2.2M
Fees for servicesLn 2g$5K
Money outPt IX
$9.8M
Ln 25
Programscol B$8.6M
Managementcol C$797K
Fundraisingcol D$425K
Owns and owesPt X
$64.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$66.8M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
17
listed · VII A
PaidVII A5
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22.9M
Government grantsLn 1e$332K
Noncash giftsLn 1g$3.4M
Fundraising eventsLn 1c$206K
Fees for servicesLn 2g$5K
Investment incomeLn 3$2.2M
Gains on assetsLn 7$592K
Total revenueLn 12$25.1M
Assets in detailPt X, end of year
CashLn 1$3.0M
Cash and savings togetherLn 1–2$3.0M
InvestmentsLn 11–13$55.1M
Land, buildings, equipmentLn 10c$95K
Other assetsLn 15$1.1M
Total assetsLn 16$66.8M
LiabilitiesLn 26$2.4M
Net assetsLn 32$64.4M
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 FY24End FY24
Cash and savingsLn 1–2$1.7M$3.0M
InvestmentsLn 11–13$46.1M$55.1M
Land, buildings, equipmentLn 10c$95K$95K
Total assetsLn 16$48.9M$66.8M
LiabilitiesLn 26$1.8M$2.4M
Net assetsLn 32$47.1M$64.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.9M$6.9M
Grants to domestic individualsLn 2$14K$14K
Pay of current officers, directors and key staffLn 5$714K$483K$129K$103K
Other salaries and wagesLn 7$607K$405K$108K$93K
Pension plan contributionsLn 8$1K$767$326$57
Other employee benefitsLn 9$35K$30K$2K$4K
Payroll taxesLn 10$95K$66K$16K$14K
Accounting feesLn 11c$31K$23K$4K$4K
Investment management feesLn 11f$96K$96K
Other fees for servicesLn 11g$366K$270K$53K$43K
Advertising and promotionLn 12$13K$12K$1K
Office expensesLn 13$26K$2K$6K$19K
Information technologyLn 14$54K$40K$10K$4K
TravelLn 17$76K$74K$214$3K
Conferences, conventions and meetingsLn 19$6K$2K$3K$2K
InterestLn 20$6K$6K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$671K$233K$336K$102K
All other expensesLn 24e$77K$20K$23K$35K
Total functional expensesLn 25$9.8M$8.6M$797K$425K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $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 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 $25,055,419 across 10 lines filed
VIII-1c Fundraising events$206,218
VIII-1e Government grants$332,287
VIII-1f All other contributions, gifts and grants$22,371,739
VIII-1g Noncash contributions (included above)$3,404,605
VIII-1h Total contributions, gifts and grants$22,910,244
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,408$5,408
VIII-3 Investment incomeExcluded from tax $1,652,903$1,652,903
VIII-7 Net gain or loss on sales of assetsExcluded from tax $592,014$592,014
VIII-8 Net income from fundraising eventsExcluded from tax −$105,150−$105,150
VIII-12 Total revenueRelated to mission $5,408 · Unrelated business $0 · Excluded from tax $2,139,767$25,055,419
Part IX · Statement of functional expenses $9,827,771 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $6,934,070$6,934,070
IX-2 Grants to domestic individualsPrograms $14,000$14,000
IX-5 Pay of current officers, directors and key staffPrograms $482,722 · Management $128,644 · Fundraising $102,979$714,345
IX-7 Other salaries and wagesPrograms $405,378 · Management $108,074 · Fundraising $93,060$606,512
IX-8 Pension plan contributionsPrograms $767 · Management $326 · Fundraising $57$1,150
IX-9 Other employee benefitsPrograms $29,570 · Management $1,764 · Fundraising $3,933$35,267
IX-10 Payroll taxesPrograms $65,507 · Management $16,167 · Fundraising $13,613$95,287
IX-11c Accounting feesPrograms $22,671 · Management $4,442 · Fundraising $3,637$30,750
IX-11f Investment management feesManagement $95,839$95,839
IX-11g Other fees for servicesPrograms $269,646 · Management $52,837 · Fundraising $43,255$365,738
IX-12 Advertising and promotionPrograms $11,650 · Fundraising $1,001$12,651
IX-13 Office expensesPrograms $1,992 · Management $5,755 · Fundraising $18,661$26,408
IX-14 Information technologyPrograms $40,369 · Management $9,993 · Fundraising $3,695$54,057
IX-17 TravelPrograms $73,652 · Management $214 · Fundraising $2,562$76,428
IX-19 Conferences, conventions and meetingsPrograms $1,745 · Management $2,904 · Fundraising $1,681$6,330
IX-20 InterestManagement $5,634$5,634
IX-23 InsuranceManagement $5,012$5,012
IX-24 Other expenses (24a–d)Programs $232,635 · Management $336,350 · Fundraising $102,316$671,301
IX-24e All other expensesPrograms $19,541 · Management $22,620 · Fundraising $34,831$76,992
IX-25 Total functional expensesPrograms $8,605,915 · Management $796,575 · Fundraising $425,281$9,827,771
Part X · Balance sheet $66,794,950 assets, 17 lines filed
Asset lines not itemized here account for $7,184,552; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,674,381$2,995,224
X-3 Pledges and grants receivableStart of year $1,091$11,523
X-4 Accounts receivableStart of year $19,072$172,463
X-9 Prepaid expenses and deferred chargesStart of year $132,159$128,178
X-10c Land, buildings and equipment, netStart of year $95,418$94,961
X-12 Other securitiesStart of year $46,080,204$55,119,410
X-15 Other assetsStart of year $882,725$1,088,639
X-16 Total assetsStart of year $48,901,651$66,794,950
X-17 Accounts payable and accrued expensesStart of year $151,479$441,209
X-18 Grants payableStart of year $238,194$271,988
X-19 Deferred revenue$6,644
X-25 Other liabilitiesStart of year $1,441,781$1,694,341
X-26 Total liabilitiesStart of year $1,831,454$2,414,182
X-27 Net assets without donor restrictionsStart of year $28,686,669$44,481,484
X-28 Net assets with donor restrictionsStart of year $18,383,528$19,899,284
X-32 Total net assets or fund balancesStart of year $47,070,197$64,380,768
X-33 Total liabilities and net assetsStart of year $48,901,651$66,794,950
Part XI · Reconciliation of net assets $64,380,768 net assets at year end
XI-1 Total revenue$25,055,419
XI-2 Total expenses$9,827,771
XI-3 Revenue less expenses$15,227,648
XI-4 Net assets at start of year$47,070,197
XI-5 Net unrealized gains (losses) on investments$2,082,923
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$64,380,768

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

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