HORIZONS FOUNDATION

EIN: 942686530 501(c)(3) Community Improvement

SAN FRANCISCO, CA

Total Revenue
$12,037,083
Total Expenses
$10,018,560
Total Assets
$48,901,651
Net Assets
$47,070,197
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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
CA
Principal Officer
ROGER DOUGHTY
Phone
4153982333
Tax Period
2022-07-01 to 2023-06-30

HORIZONS FOUNDATION, founded in 1980, is a mid-sized nonprofit in the Community Improvement sector that reported $12.0M in total revenue in fiscal year 2022. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.0M, a strong 17% operating margin.

Mission

SINCE ITS FOUNDING IN 1980, 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 PROVIDE FOR THE COMMUNITY'S LONG-TERM FUTURE.

Program Service Accomplishments

Program 1
Expenses: $8,161,371

GRANTMAKING: HORIZONS FOUNDATION PROVIDED DIRECT FINANCIAL SUPPORT TO NONPROFIT ORGANIZATIONS THROUGH 1,380 GRANTS TO 776 ORGANIZATIONS TOTALING $7,611,604 IN 2023. GRANTS ADDRESSED MULTIPLE ISSUES...

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GRANTMAKING: HORIZONS FOUNDATION PROVIDED DIRECT FINANCIAL SUPPORT TO NONPROFIT ORGANIZATIONS THROUGH 1,380 GRANTS TO 776 ORGANIZATIONS TOTALING $7,611,604 IN 2023. GRANTS ADDRESSED MULTIPLE ISSUES AND POPULATIONS, INCLUDING THE COVID19 CRISIS, HEALTH, HIV/AIDS, YOUTH, ARTS, ELDERS, COMMUNITIES OF COLOR, TRANSGENDER RIGHTS, COMMUNITY BUILDING, AND CIVIL AND HUMAN RIGHTS IN THE SAN FRANCISCO BAY AREA, OTHER PARTS OF THE UNITED STATES, AND THE WORLD. GRANTS WERE ALSO MADE FROM DONOR-ADVISED FUNDS, FIELD OF INTEREST FUNDS, AND SCHOLARSHIP FUNDS. GRANTS RANGED FROM $250 TO $444,057; PROVIDED BOTH OPERATING SUPPORT AND PROJECT SUPPORT; AND INCLUDED NON-LGBTQ-SPECIFIC GRANTS THROUGH THE DONOR-ADVISED AND OTHER GRANT PROGRAMS.

Program 2
Expenses: $812,693 Revenue: $250

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...

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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. (B) HORIZONS LED NATIONAL GIVE OUT DAY, THE ONLY NATIONAL DAY OF GIVING FOR THE LGBTQ COMMUNITY THAT RAISED OVER $1,272,886 FOR LGBTQ ORGANIZATIONS ACROSS THE COUNTRY. (C) THE FOUNDATION LED INNOVATIVE RESEARCH AND TESTING EFFORTS TO STRENGTHEN THE FUNDRAISING CAPABILITIES OF LGBTQ NONPROFITS IN THE BAY AREA AND BEYOND. (D) HORIZONS CONTINUED TO BUILD THE LGBTQ COMMUNITY ENDOWMENT FUND TO PROVIDE PERMANENT RESOURCES FOR PROMOTING RIGHTS AND WELL-BEING OF LGBTQ PEOPLE. THE ENDOWMENT IS BEING BUILT PRINCIPALLY THROUGH ESTATE GIFTS, AND MORE THAN 380 PEOPLE HAVE INFORMED HORIZONS THAT THE FOUNDATION IS INCLUDED IN THEIR ESTATES.

Program 3
Expenses: $68,147

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...

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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 COMMUNITY LEADERS.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $9,725,496
Program Service Revenue $250
Investment Income $2,488,936
Other Revenue $-177,599
TOTAL REVENUE $12,037,083

Expense Breakdown

Grants Paid $7,694,854
Salaries & Benefits $1,383,471
Fundraising Expenses $438,917
Program Expenses $9,042,211
Other Expenses $940,235
TOTAL EXPENSES $10,018,560

Year-over-Year Comparison

2022 2021 Change
Revenue $12,037,083 $19,242,544 -0.4%
Expenses $10,018,560 $9,647,363 +0.0%
Net Income $2,018,523 $9,595,181 -0.8%
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
14
Independent Members
14
Employees
14
Volunteers
50

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
$486,904
Total Directors
14
$0
Key Employees
2
$355,289
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM MURRAY CO-CHAIR 5.00
Officer Director
$0 $0 $0
DIPTI GHOSH CO-CHAIR 5.00
Officer Director
$0 $0 $0
ADAM BLUM CHAIR EMERITUS 5.00
Director
$0 $0 $0
MAYA SETCHKOVA TREASURER 5.00
Officer Director
$0 $0 $0
JAE MALDONADO DIRECTOR 5.00
Director
$0 $0 $0
XOCHITL CARRION DIRECTOR 5.00
Director
$0 $0 $0
KATHRYN CLUBB DIRECTOR 5.00
Director
$0 $0 $0
JUAN BARANI SECRETARY 5.00
Officer Director
$0 $0 $0
SHILPEN PATEL DIRECTOR 5.00
Director
$0 $0 $0
LINDA SCAPAROTTI DIRECTOR 5.00
Director
$0 $0 $0
MELISA MARQUEZ DIRECTOR 5.00
Director
$0 $0 $0
JANE SWAN DIRECTOR 5.00
Director
$0 $0 $0
JACOB LITTLE DIRECTOR 5.00
Director
$0 $0 $0
CHRIS LIM DIRECTOR 5.00
Director
$0 $0 $0
ROGER DOUGHTY PRESIDENT 40.00
Officer
$250,050 $35,613 $285,663
JOHN MARVUGLIO CFO 40.00
Officer
$184,859 $16,382 $201,241
CANDACE LOPEZ CHIEF PHILANTHROPIC OFFICER 40.00
Key Emp
$153,250 $7,524 $160,774
FRANCISCO BUCHTING VP OF GRANTS, PROGRAMS & STRATEGIC INITIATIVES 40.00
Key Emp
$168,950 $25,565 $194,515
HENRY PACHECO DIRECTOR OF PHILANTHROPIC SERVICES 40.00
Highest
$112,933 $9,137 $122,070
CURTIS PARKER DIRECTOR OF COMMUNICATIONS 40.00
Highest
$107,455 $9,933 $117,388
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 No data No data No data No data
2024 No data No data No data No data
2023 $12,037,083 $10,018,560 $48,901,651 $2,018,523
2022 $19,242,544 $9,647,363 $46,250,238 $9,595,181
2021 $8,470,990 $7,069,099 $41,480,128 $1,401,891
2020 $8,229,616 $8,339,812 $35,854,872 $-110,196
2018 $8,703,411 $7,184,476 $34,206,703 $1,518,935
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