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Nonprofit · EIN 63-1104512

HORIZONS FOUNDATION

Tax-exempt · BIRMINGHAM, AL 35202

Financials

$51K$73K2023
Revenue Expenses · by fiscal year end
Financials of HORIZONS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$50,750$73,499-$22,749$1,021,641$0$1,021,641
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$50,750
Net gain from sales of assets
$25,208
Other revenue
$0

Expenses

Grants and similar amounts paid
$55,000
Compensation of officers, directors and key employees
$11,009
Salaries, compensation and benefits (total)
$11,009
Professional fundraising fees
$0
Accounting fees
$1,150
Program services (functional)
$55,000
Management and general (functional)
$18,499

Balance sheet and other

Total assets, start of year
$1,044,481
Total assets, end of year
$1,021,641
Total liabilities, end of year
$0
Net assets, end of year
$1,021,641
Gross receipts
$342,734
Employees
0
Year formed
2000
State of legal domicile
AL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
JANE S WEBBPRESIDENT/DIRECTOR
Trustee or director, Officer
–$0
NICK GAEDETREASURER/DIRECTOR
Trustee or director, Officer
–$0
WILLIAM A KRAMERDIRECTOR
Trustee or director
–$0
DON LUTOMSKIDIRECTOR
Trustee or director
–$0
DICK SESLER RTRD 2016DIRECTOR
Trustee or director
–$0
REGIONS BANKAGENT
Institutional trustee
–$0
K WOOD HERRENSECRETARY
Officer
–$0

Address and contacts

Address (IRS master file)
PO BOX 11647, BIRMINGHAM, AL 35202-1647
In care of
% REGIONS BANK
Principal officer (990 for 2023)
REGIONS BANK, 250 RIVERCHASE PKWY EAST, BIRMINGHAM, AL 35244
Signed the 990
SECRETARY, SECRETARY
Phone
(205) 820-3141
Return prepared by
PWC US TAX LLP

Mission

TO PROVIDE FINANCIAL SUPPORT TO HORIZONS SCHOOL, INC., A POST -SECONDARY SCHOOL FOR YOUNG ADULTS WITH DEVELOPMENTAL AND LEARNING DISABILITIES, TO BE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS WHO DEMONSTRATE A NEED FOR FINANCIAL ASSISTANCE TO PAY THE COSTS TO ATTEND HORIZONS SCHOOL.

990 for the year ended June 30, 2024

Program accomplishments

  • TO PROVIDE FINANCIAL SUPPORT TO HORIZONS SCHOOL, INC., A POST -SECONDARY SCHOOL FOR YOUNG ADULTS WITH DEVELOPMENTAL AND LEARNING DISABILITIES, TO BE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS WHO DEMONSTRATE A NEED FOR FINANCIAL ASSISTANCE TO PAY THE COSTS TO ATTEND HORIZONS SCHOOL.
    Expenses $55,000 · grants $55,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
63-1104512
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1994
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,021,641
Income (IRS master file)
$342,734

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$50,750$73,499$1,021,641IRS
990June 2023$19,964$83,229$1,044,481IRS
990June 2022–––IRS
990June 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 63-1104512).

Questions about HORIZONS FOUNDATION

What is the EIN of HORIZONS FOUNDATION?
The employer identification number (EIN) of HORIZONS FOUNDATION is 63-1104512.
Is HORIZONS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to HORIZONS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HORIZONS FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HORIZONS FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HORIZONS FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of HORIZONS FOUNDATION?
The 990 for the year ended June 30, 2024 names REGIONS BANK.
Who are the officers and directors of HORIZONS FOUNDATION?
The 990 for the year ended June 30, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does HORIZONS FOUNDATION have?
On its 990 for the year ended June 30, 2024 it reported revenue of $50,750, expenses of $73,499 and total assets of $1,021,641 at year end.

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