HORIZONS HAMPTON ROADS INC

EIN: 541946180 501(c)(3) Philanthropy & Grantmaking

NORFOLK, VA

Total Revenue
$1,173,292
Total Expenses
$931,513
Total Assets
$1,255,215
Net Assets
$1,248,703
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
VA
Principal Officer
VELVET L SMITH
Phone
7574120249
Tax Period
2024-10-01 to 2025-09-30

Horizons Hampton Roads Inc, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $679K in total revenue in fiscal year 2017. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $806K exceeded revenue, resulting in a 19% operating deficit.

Mission

OUR MISSION: WE ADVANCE EDUCATIONAL EQUITY BY BUILDING LONG-TERM PARTNERSHIPS WITH STUDENTS, FAMILIES, COMMUNITIES, AND SCHOOLS TO CREATE EXPERIENCES OUTSIDE OF SCHOOL THAT INSPIRE THE JOY OF LEARNING.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,161,708
Program Service Revenue $10,601
Investment Income $943
Other Revenue $40
TOTAL REVENUE $1,173,292

Expense Breakdown

Grants Paid $0
Salaries & Benefits $624,002
Fundraising Expenses $96,085
Program Expenses $706,636
Other Expenses $307,511
TOTAL EXPENSES $931,513

Year-over-Year Comparison

2024 2023 Change
Revenue $1,173,292 $842,141 +0.4%
Expenses $931,513 $961,716 0.0%
Net Income $241,779 $-119,575 -3.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
88
Volunteers
158

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$87,677
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VELVET L SMITH EXECUTIVE DI 40.00
Officer
$78,000 $9,677 $87,677
NIRALI TROVATO CHAIR 0.50
Officer Director
$0 $0 $0
AMANDA MARANO CHAIR ELECT 0.50
Officer Director
$0 $0 $0
NEIL AMARI TREASURER 0.50
Officer Director
$0 $0 $0
CHARLETTE HARDY SECRETARY 0.50
Officer Director
$0 $0 $0
JAY STOTLAR IMMEDIATE PA 0.50
Officer Director
$0 $0 $0
AARON EVANS PLANNING CHA 0.50
Director
$0 $0 $0
JOHN GRAY GOVERNANCE C 0.50
Director
$0 $0 $0
CURTIS JOHNSON DEVELOPMENT 0.50
Director
$0 $0 $0
ALEXANDRA OTT DIRECTOR 0.50
Director
$0 $0 $0
SIMONE PARHAM DIRECTOR 0.50
Director
$0 $0 $0
RACHEL RICCIUTTI DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,173,292 $931,513 $1,255,215 $241,779
2024 $842,141 $961,716 $1,032,876 $-119,575
2023 $746,466 $1,062,688 $1,135,250 $-316,222
2022 $615,774 $891,533 $1,203,578 $-275,759
2021 $813,390 $666,117 $1,531,678 $147,273
2020 $458,620 $579,936 $1,181,629 $-121,316
2019 $888,423 $826,398 $1,199,507 $62,025
2018 $679,259 $806,012 $1,119,731 $-126,753
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