Horizon Initiative

Nonprofit profile at a glance

EIN: 201072627
IRS 990 coverage: 2011–2023
Forms available: Form 990 2023
Location: Lancaster, PA, USA
Phone: 7173909950
Rating: 65
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Christianity
Affiliation: Christianity

Reported finances

Revenue: $3,155,768
Expenses: $10,561,697
Assets: $1,834,423
Liabilities: $2,369,609

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

GRETCHEN VILLEGAS (CEO)

Highest reported compensation

GRETCHEN VILLEGAS (CEO): $255,262 total reported compensation
JACOB KEELER (GLOBAL STRAT): $127,104 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Utilize venture capitalist resources to empower the poor to self sustainability through anti-poverty programs and services.

What it reported doing in 2023

Horizon provided support to over 500 children and youth in honduras, guatemala and kenya. This included rescuing children out of abuse and neglect into our temporary residential care within our micro communities, restoring their holistic health and when possible back into their own communities as well as providing a pathway toward empowerment through access to primary, secondary and continued education.

Operating model

Revenue model: Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model: Grant intermediary. The nonprofit sent 78% of its reported program spending out as grants.

Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

Financial Efficiency: 69
Transparency & Controls: 62
Accountability: 68
Sustainability: 9
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 35.4%; rating input score 35
Fundraising efficiency: $5.58 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 85.7%; rating input score 86; 17th percentile among comparable filings
Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: -234.7%; rating input score 0; 0th percentile among comparable filings
Total-asset coverage ratio: 0.17; rating input score 5; 5th percentile among comparable filings
Liabilities to assets ratio: 1.29; rating input score 3; 3rd percentile among comparable filings
Officer compensation ratio: 3.6%; rating input score 63; 63rd percentile among comparable filings

Growth

Program expense growth: 25% per year; rating input score 100; 89th percentile among comparable filings
Revenue growth: 17.5% per year; rating input score 100; 85th percentile among comparable filings
Asset growth: 29.2% per year; rating input score 100; 91st percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 35.4% of spending went to programs
Governance: 6 of 7 board members independent · 4 of 9 filing controls reported
Programs: 1 filed program accomplishment · $3.7M in reported program spending
Leadership: top reported pay $255K · 12 people listed · 0 of 6 pay-setting controls reported
Consistency: 37 of 37 current checks pass
Schedules: 8 filed schedules · includes major donors, foreign activity, and executive pay
Filing history: 12 filing years from 2011 to 2023
Contacts: How to reach this organization
Money network: 2 filed money-flow records
Related organizations: 1 filed related-organization link
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Moderate — Financial Efficiency: Program expense ratio scored 35/100.
High — Transparency & Controls: Pay-setting controls scored 0/100.
Moderate — Accountability: Governance controls: 5 of 9 not reported.
High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
High — Financial Efficiency: Fundraising efficiency scored 20/100.
High — Sustainability: Operating margin scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 5/100.
High — Sustainability: Liabilities to assets ratio scored 3/100.