Overview
What is Horizon Community Funds Of Northern Kentucky?
Horizon Community Funds of Northern Kentucky is a community-focused nonprofit organization based in Covington, Kentucky. Their primary mission is to bring individuals together, enabling them to contribute and donate in unique ways. Their goal is to break the cycle of poverty, support the arts, foster development and innovation, enhance children's education, and improve the health and wellness of the community. This is achieved by managing funds specifically for the benefit of Northern Kentucky. Horizon Community Funds offers various giving options, catering to diverse donors, from those contributing to a general community fund to those choosing specific charities for their donations. The organization's aim is to collectively raise the overall quality of life for all people residing in Northern Kentucky. With a workforce of three dedicated individuals, Horizon Community Funds serves as a unifying force for the betterment of their community.
Official website here: www.horizonfunds.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Horizon Community Funds of Northern Kentucky has achieved an impressive Four-Star rating from Charity Navigator, reflecting its exceptional standards in accountability and finance. The charity's overall score is solely derived from its accountability and finance metrics, where it scored a perfect 100%. This rating indicates that the organization is highly transparent and responsible in its financial management, an essential aspect for potential donors.
The charity boasts a fully independent board, with 20 members, ensuring decisions are made without conflicts of interest. Additionally, there is a strong emphasis on oversight, demonstrated by a rigorous audit and oversight committee. The organization has effectively implemented various policies such as a conflict of interest and whistleblower policy, further enhancing its governance framework.
One notable strength is Horizon's program expense ratio, which stands at 91.39%, showcasing that a significant portion of its funding goes directly to programs rather than administrative costs. Furthermore, the organization maintains a low fundraising efficiency ratio of just $0.02, indicating that it spends very little to raise funds. These attributes position Horizon Community Funds as a highly effective nonprofit, although details on its program outcomes and impact were not provided in the data.
This AI summary has been generated from information found on Charity Navigator.
Is Horizon Community Funds Of Northern Kentucky legitimate?
Horizon Community Funds Of Northern Kentucky is a legitimate nonprofit organization registered as a 501(c)(3) entity. Horizon Community Funds Of Northern Kentucky 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: $332,163
Professional Fundraising Fees: $0
Other Salaries and Wages: $103,853
For more financial information, click here
Official website here: www.horizonfunds.org
What is the mission statement of Horizon Community Funds Of Northern Kentucky?
Horizon Community Funds of Northern Kentucky is committed to bringing people together to enhance the quality of life for all individuals in the region. They achieve this by uniting resources, enabling donors to contribute in ways that were previously unavailable. By combining funds, they aim to break the cycle of poverty, support the arts, foster development and innovation, enhance children's education, and improve health and wellness within the community. This community foundation is exclusively dedicated to benefiting Northern Kentucky, offering various donation options to cater to a wide range of philanthropists.
Official website here: www.horizonfunds.org
Who is the CEO of Horizon Community Funds Of Northern Kentucky?
Nancy Grayson is the Member of Horizon Community Funds Of Northern Kentucky.
Official website here: www.horizonfunds.org
What is the revenue of Horizon Community Funds Of Northern Kentucky?
Horizon Community Funds Of Northern Kentucky's revenue in 2022 was $6,110,848.
Official website here: www.horizonfunds.org
Who are the executives of Horizon Community Funds Of Northern Kentucky and what are their salaries?
The average compensation at Horizon Community Funds Of Northern Kentucky during 2022 was $145,339. There are 3 employees and 20 volunteers at Horizon Community Funds Of Northern Kentucky.
Here are 22 key members and their salaries:
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- Compensation: $198,963
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- Compensation: $103,645
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- Other: $9,199
Official website here: www.horizonfunds.org
Where can I find the form 990 for Horizon Community Funds Of Northern Kentucky?
Horizon Community Funds Of Northern Kentucky's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.horizonfunds.org
Learn more at the official website: www.horizonfunds.org
Mission Statement of Horizon Community Funds Of Northern Kentucky
Horizon Community Funds of Northern Kentucky is a mission-driven organization committed to bringing people together and unifying resources to enhance the quality of life for all individuals in the region. Their primary objective is to pool resources, breaking the cycle of poverty, supporting the arts, fostering development and innovation, enhancing children's education, and improving community health and wellness. This community foundation serves as a platform for diverse donors, ranging from those who wish to contribute to a general community fund to those who prefer to recommend specific charities as recipients of their gifts. Horizon Community Funds of Northern Kentucky operates as an exclusive resource manager for the betterment of Northern Kentucky, aiming to make a significant impact on the community's overall well-being.
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Impact
July, 2024
Horizon Community Funds of Northern Kentucky unites resources to raise the quality of life for all people in Northern Kentucky. By bringing people together to donate and contribute in innovative ways, Horizon Community Funds breaks the cycle of poverty, supports the arts, sparks development and innovation, enriches children's education, and improves the health and wellness of the community. Through its community foundation structure, Horizon Community Funds manages funds exclusively for the benefit of Northern Kentucky, offering various giving options for donors to make a meaningful impact.
This information is meant to be a general summary of Horizon Community Funds Of Northern Kentucky. 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 2022.
- Investment Income: -$1,075,916
- Program Service Revenue: $96,253
- Gross Receipts: $40,997,577
Assets and Liabilities:
- Total Assets: $39,932,880
- Total Liabilities: $7,199,767
- Net Assets: $32,733,113
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fund Administration
Revenue
$96,253
Organization Details
Founding Year
2017
Phone
(859) 757-1552Principal Officer
Nancy Grayson
Main Address
50 E RiverCenter Blvd Ste 431, Covington, KY, 41011
Website
www.horizonfunds.orgNTEE Category
Code: T31 - Philanthropy
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