Overview
What is Horizons Foundation?
Horizons Foundation is a nonprofit organization that primarily focuses on providing financial aid for Horizons School, Inc., a post-secondary institution catering to young adults with developmental and learning disabilities. Located in Alabama, the foundation aims to offer scholarships to students who require financial assistance to attend this school. The Horizons Foundation's mission is to ensure that these students have the opportunity to further their education, thereby enhancing their prospects and quality of life. The foundation operates through financial support, contributing to the educational costs of eligible students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Horizons Foundation received a Two-Star rating from Charity Navigator, indicating room for improvement in its operations and financial practices. While the organization scored a solid 73% overall, its performance in certain areas reflects effective governance and transparency. Notably, it has maintained a fully independent board, scoring full points for board composition and meeting documentation, which emphasizes its commitment to accountability.
The organization shows strong financial health with a Liabilities to Assets ratio of 0.00%, indicating no reliance on debt. Additionally, its Program Expense Ratio is commendable at 78.28%, showcasing that a significant portion of its funding is directed towards programmatic activities. This suggests that Horizons Foundation is focused on its mission and ensuring that resources are used effectively for community impact.
However, despite these strengths, the overall Two-Star rating suggests that stakeholders should consider the areas where Horizons Foundation may need to enhance its practices to improve its standing. Continuous monitoring and improvements in accountability and performance metrics could further elevate the organization's effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Horizons Foundation legitimate?
Horizons Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Horizons Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $5,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Horizons Foundation?
The Horizons Foundation's mission is centered around providing financial aid. Specifically, it supports Horizons School, Inc., a post-secondary institution for young adults with developmental and learning disabilities. The foundation's primary aim is to offer scholarships to students who demonstrate a financial need, enabling them to attend Horizons School. This support is crucial in helping these individuals continue their education and pursue their goals. The foundation's actions directly contribute to enhancing the opportunities and prospects of young adults with developmental and learning disabilities.
Who is the CEO of Horizons Foundation?
Regions Bank is the Principal Officer of Horizons Foundation.
What is the revenue of Horizons Foundation?
Horizons Foundation's revenue in 2023 was $19,964.
Who are the executives of Horizons Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Horizons Foundation?
Horizons Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Horizons Foundation
The Horizons Foundation plays a crucial role in providing financial aid to Horizons School, Inc., a post-secondary institution specifically designed for young adults with developmental and learning disabilities. The primary objective of Horizons Foundation is to offer scholarships to students who demonstrate a need for financial assistance to attend Horizons School. By doing so, the foundation aims to ensure that these individuals have the opportunity to continue their education, fostering their growth and independence. The Horizons Foundation's mission is an invaluable contribution to the community, enabling young adults with developmental and learning disabilities to pursue their education and ultimately, lead more fulfilling lives.
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Impact
August, 2024
Horizons Foundation's impact is evident through its financial support to Horizons School, Inc., a post-secondary school for young adults with developmental and learning disabilities. This support is utilized to provide scholarships to students who demonstrate a need for financial assistance to cover the costs of attending Horizons School. By offering these scholarships, Horizons Foundation contributes to creating opportunities for individuals with disabilities to access education and pursue their academic goals, ultimately fostering inclusivity and empowerment within the community.
This information is meant to be a general summary of Horizons Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $18,464
- Program Service Revenue: $1,500
- Gross Receipts: $335,356
Assets and Liabilities:
- Total Assets: $1,044,481
- Total Liabilities: $0
- Net Assets: $1,044,481
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Organization Details
Founding Year
2000
Phone
(205) 820-3141Principal Officer
Regions Bank
Main Address
C/O REGIONS BANK PO BOX 11647, BIRMINGHAM, AL, 35202
NTEE Category
Code: T30Z - Philanthropy
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