Horizons Hampton Roads Inc

Nonprofit profile at a glance

EIN
541946180
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Norfolk, VA, USA
Phone
7574120249
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$1,173,292
Expenses
$931,513
Assets
$1,255,215
Liabilities
$6,512

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Highest reported compensation

  • VELVET L SMITH (EXECUTIVE DI): $87,677 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

In 2024, horizons hampton roads (hhr) celebrated its 25th anniversary since then, we have made a long-term commitment to thousands of k-12 students from under-resourced communities, offering impactful academic and enrichment programs that encourage them to realize their full potential. Hhr is an affiliate of horizons national which now serves students at 71 sites in 19 states. It remains free for those who qualify thanks to the generous support of our partners. Recent accomplishments include 392 students in 2024 and adding a major program pillar of environmental stewardship to our stem and service leadership elements of the program. At one time during open enrollment, we had more than 100 students on a waiting list that we were unable to accommodate. The demand for our summer program is high and we are seeking funding to open an additional site in order to serve more children. Surveys of parents this fall show very high marks on parent satisfaction and more then 98% plan for their students to return this summer. From 2022 to present: the horizons high school year-round program is serving 65-80 students annually with academic and social-emotional support, college tours, scholarship applications, leadership training and more. In 2024, our high school summer internship program "launchpad" was piloted and hugely successful we served 31 students - building career readiness skills with workshops, job shadowing, college tours, and service leadership. Our 2024 student retention rate was over 80%. In 2022, the horizons high school scholarship worth 5,000 was initiated through access college foundation, and in 2024 was presented to our 2nd recipient. In 2023, for the 2nd time, horizons was awarded a coastal Virginia non-profit "giving back" award of excellence. Between 2022-2024 we were awarded first-time grants from 15 foundations, many with multi-year commitments. Grant income increased more than 300% between 2020 and 2024.

Operating model

Revenue model
Donor-supported. 87% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.3%; rating input score 60
  • Program expense ratio: 75.9%; rating input score 76
  • Fundraising efficiency: $12.09 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: 20.6%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 1.35; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 9.4%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 2.8% per year; rating input score 100; 30th percentile among comparable filings
  • Revenue growth: 2% per year; rating input score 100; 24th percentile among comparable filings
  • Asset growth: 7.8% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 60.3% of revenue deployed · 75.9% of spending went to programs
  • Governance: 11 of 11 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $707K in reported program spending
  • Leadership: top reported pay $88K · 12 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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: Fundraising efficiency scored 44/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.