Education and child care through grade 1.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$81K 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
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
4 of 5
filings with a surplus
Average surplus $67K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$244K
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$699K
+26% vs prior year
Spent
$603K
To programs
92%
Net assets
$27K
By yearFY2020–FY2025
Revenue
$699K
FY2021▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$556K
FY2021$699K
FY2023$873K
FY2024$981K
FY2025$1.0M
Expenses
$603K
FY2021▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$738K
FY2021$603K
FY2023$787K
FY2024$783K
FY2025$889K
Net assets
$27K
FY2021▲ +139%
Tap a bar for its year
Net assets by fiscal year
FY2020−$69K
FY2021$27K
FY2023$365K
FY2024$564K
FY2025$704K

From the FY2021 Form 990 (year ending July 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 (FY2025) →

Is it real?

Yes. Exemption reinstated (2013-12-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Dec 2014.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $556K Management & general 8% · $46K Fundraising 0% · $782

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

8 people listed on the 990; $81K 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
Co Exec. Dir
$80,744Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee/Dire
$0Pt VII · Sec A
Director/Sec
$0Pt VII · Sec A
Director/Vic
$0Pt VII · Sec A
Director/Tre
$0Pt VII · Sec A
Director/Pre
$0Pt VII · Sec A

Padma Prasad’s $97K as Executive Di is at the 29th percentile of top reported officer pay among 3395 $1–10M education 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Padma Prasad$96,590$93,240$19,500$80,744$80,745
Brenna McGinnis——$65,278——
Leah Jones————$20,618

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 The Horizon School 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 15aNo

Programs and updates

Provides education and childcare for children up to first grade.

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Provided by the organization

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1 program · $556K · in their own filed words · FY2020
01

Horizon school provides, preschool, accredited kindergarten and primary grade education as well as before and after care for approximately 65 students each year between the ages of 3-11. In the school year ended 7- 31-2021 financial aid awards in the amount of 14,990 were granted to students of lower income families.

$556Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Veit FoundationFY2024$25K
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$699K
Ln 12
Fees for servicesLn 2g$666K
Gifts and grantsLn 1h$31K
Other incomeLn 4–11$1K
Money outPt IX
$603K
Ln 25
Programscol B$556K
Managementcol C$46K
Fundraisingcol D$782
Owns and owesPt X
$27K
net assets · Ln 32
Cash and savingsLn 1–2$265K
Total assetsLn 16$271K
LiabilitiesLn 26$244K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Fees for servicesLn 2g$666K
Other incomeLn 4–11$1K
Total revenueLn 12$699K
Assets in detailPt X, end of year
CashLn 1$265K
Cash and savings togetherLn 1–2$265K
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$550
Total assetsLn 16$271K
LiabilitiesLn 26$244K
Net assetsLn 32$27K
OperationsPt I, VI
EmployeesI 513
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$54K$265K
Land, buildings, equipmentLn 10c$5K$3K
Total assetsLn 16$59K$271K
LiabilitiesLn 26$128K$244K
Net assetsLn 32−$69K$27K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$81K$61K$20K
Other salaries and wagesLn 7$293K$293K
Other employee benefitsLn 9$64K$61K$3K
Payroll taxesLn 10$38K$36K$2K
Accounting feesLn 11c$16K$3K$13K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$272$264$8
Office expensesLn 13$9K$5K$3K$451
OccupancyLn 16$59K$56K$3K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$3K$3K$337
Other expenses (24a–d)Ln 24$24K$24K$323
All other expensesLn 24e$10K$9K$1K
Total functional expensesLn 25$603K$556K$46K$782

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$889K$140K$704K 990 PDF
FY2024 $981K$783K$199K$564K 990 PDF
FY2023 $873K$787K$85K$365K 990 PDF
FY2022 Not on file
FY2021 Viewing $699K$603K$95K$27K 990 PDF
FY2020 $556K$738K−$182K−$69K 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 O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $698,549 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $88,040$31,246
I-9 Program service revenuePrior year $466,171$665,873
I-10 Investment income$0
I-11 Other revenuePrior year $1,833$1,430
I-12 Total revenuePrior year $556,044$698,549
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $608,675$476,047
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $129,462$127,097
I-18 Total expensesPrior year $738,137$603,144
I-19 Revenue less expensesPrior year −$182,093$95,405
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $698,549 across 5 lines filed
Lines not itemized here account for $41,597 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$31,246
VIII-1h Total contributions, gifts and grants$31,246
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $624,276$624,276
VIII-8 Net income from fundraising eventsExcluded from tax $1,430$1,430
VIII-12 Total revenueRelated to mission $665,873 · Excluded from tax $1,430$698,549
Part IX · Statement of functional expenses $603,144 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $60,558 · Management $20,186$80,744
IX-7 Other salaries and wagesPrograms $293,394$293,394
IX-9 Other employee benefitsPrograms $60,819 · Management $3,407$64,226
IX-10 Payroll taxesPrograms $35,763 · Management $1,920$37,683
IX-11c Accounting feesPrograms $3,216 · Management $12,866$16,082
IX-11g Other fees for servicesPrograms $2,689$2,689
IX-12 Advertising and promotionPrograms $264 · Fundraising $8$272
IX-13 Office expensesPrograms $5,140 · Management $3,419 · Fundraising $451$9,010
IX-16 OccupancyPrograms $56,241 · Management $2,751$58,992
IX-22 Depreciation, depletion and amortizationPrograms $1,817$1,817
IX-23 InsurancePrograms $3,035 · Management $337$3,372
IX-24 Other expenses (24a–d)Programs $24,078 · Fundraising $323$24,401
IX-24e All other expensesPrograms $9,394 · Management $1,068$10,462
IX-25 Total functional expensesPrograms $556,408 · Management $45,954 · Fundraising $782$603,144
Part X · Balance sheet $270,585 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $54,160$264,738
X-4 Accounts receivable$2,461
X-10c Land, buildings and equipment, netStart of year $4,653$2,836
X-15 Other assets$550
X-16 Total assetsStart of year $58,813$270,585
X-17 Accounts payable and accrued expensesStart of year $2,143$1,432
X-24 Unsecured notes and loans payableStart of year $121,300$242,628
X-26 Total liabilitiesStart of year $127,693$244,060
X-27 Net assets without donor restrictionsStart of year −$68,880$26,525
X-32 Total net assets or fund balancesStart of year −$68,880$26,525
X-33 Total liabilities and net assetsStart of year $58,813$270,585
Part XI · Reconciliation of net assets $26,525 net assets at year end
XI-1 Total revenue$698,549
XI-2 Total expenses$603,144
XI-3 Revenue less expenses$95,405
XI-4 Net assets at start of year−$68,880
XI-10 Net assets at end of year$26,525

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

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