Horizon Foundation
Horizon Foundation reports minimal financial activity with $1 in revenue and expenses for the past five years.
EIN: 204463152 · Bismarck, ND · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $1 |
| Net Assets | $15K |
| Transparency Score | 10/100 |
Is Horizon Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Horizon Foundation
Horizon Foundation (EIN: 204463152) is a nonprofit organization based in Bismarck, ND, classified under NTEE code T20. The organization reported total revenue of $1 and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horizon Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizon Foundation is a micro nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -34.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $1 |
| Surplus / Deficit | +$0 |
| Total Assets | $15K |
| Total Liabilities | $190 |
| Net Assets | $15K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 180000.0 months |
Financial Health Grade: A
In 2023, Horizon Foundation reported a surplus of $0 with revenue exceeding expenses, holds 180000.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Horizon Foundation's revenue has declined at a compound annual growth rate (CAGR) of -34.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | — | +0.0% |
| 2022 | +0.0% | -100.0% | +0.0% |
| 2021 | +0.0% | +0.0% | +0.0% |
| 2020 | +0.0% | — | +0.0% |
| 2019 | +0.0% | -100.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Horizon Foundation with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Horizon Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through means not reflected in these minimal financial statements.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Horizon Foundation's IRS 990 filings:
- Consistently minimal revenue and expenses ($1) for multiple years, suggesting inactivity.
- Lack of detailed financial activity makes it impossible to assess program effectiveness or spending efficiency.
Strengths
The following positive indicators were identified for Horizon Foundation:
- Consistent filing of IRS Form 990s, indicating compliance with reporting requirements.
- Stable asset base of $15,000 with low liabilities.
Frequently Asked Questions about Horizon Foundation
Is Horizon Foundation a legitimate charity?
Horizon Foundation (EIN: 204463152) is a registered tax-exempt nonprofit based in North Dakota. Our AI analysis gives it a Mission Score of 10/100. It has 11 years of IRS 990 filings on record. Total revenue: $1. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does Horizon Foundation spend its money?
Horizon Foundation reported $1 in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Horizon Foundation tax-deductible?
Horizon Foundation is registered as a tax-exempt nonprofit (EIN: 204463152). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Horizon Foundation compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Horizon Foundation is below average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horizon Foundation located?
Horizon Foundation is headquartered in Bismarck, North Dakota and files with the IRS under EIN 204463152. It is classified under NTEE code T20.
How many years of IRS 990 filings does Horizon Foundation have?
Horizon Foundation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1 in total revenue.
What is the actual programmatic activity of Horizon Foundation?
Given the consistent reporting of $1 in revenue and expenses for the past five years (2019-2023), it is unclear what, if any, programmatic activities the Horizon Foundation is undertaking. The financial data suggests minimal to no operational activity.
Why are revenue and expenses consistently $1?
The consistent reporting of $1 for both revenue and expenses across multiple years (2019-2023) is highly unusual and suggests the organization may be largely inactive, maintaining its legal status without significant financial operations, or reporting only nominal amounts.
Is Horizon Foundation financially healthy?
With stable assets of $15,000 and minimal liabilities of $190, the organization is technically solvent. However, its financial health in terms of operational capacity or ability to achieve its mission is severely limited by its negligible revenue and expenses.
Filing History
IRS 990 filing history for Horizon Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Horizon Foundation's revenue has declined by 99.3%, moving from $150 to $1. Total assets decreased by 0.4% over the same period, from $15K to $15K. Total functional expenses fell by 99.8%, from $502 to $1. In its most recent filing year (2023), Horizon Foundation reported a surplus of $0, with revenue exceeding expenses. The organization holds $190 in liabilities against $15K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $1 | $15K | $190 | — | — |
| 2022 | $1 | $0 | $15K | $190 | — | View 990 |
| 2021 | $1 | $1 | $15K | $190 | — | — |
| 2020 | $1 | $1 | $15K | $190 | — | — |
| 2019 | $1 | $0 | $15K | $190 | — | — |
| 2018 | $1 | $40 | $15K | $190 | — | View 990 |
| 2015 | $300 | $300 | $15K | $0 | — | View 990 |
| 2014 | $150 | $150 | $15K | $0 | — | View 990 |
| 2013 | $150 | $175 | $15K | $0 | — | View 990 |
| 2012 | $150 | $183 | $15K | $0 | — | View 990 |
| 2011 | $150 | $502 | $15K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $1, and assets of $15K (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $15K (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $1, and assets of $15K (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $1, and assets of $15K (revenue +0.0% year-over-year).
- 2019: Revenue of $1, expenses of $0, and assets of $15K (revenue +0.0% year-over-year).
- 2018: Revenue of $1, expenses of $40, and assets of $15K (revenue -99.7% year-over-year).
- 2015: Revenue of $300, expenses of $300, and assets of $15K (revenue +100.0% year-over-year).
- 2014: Revenue of $150, expenses of $150, and assets of $15K (revenue +0.0% year-over-year).
- 2013: Revenue of $150, expenses of $175, and assets of $15K (revenue +0.0% year-over-year).
- 2012: Revenue of $150, expenses of $183, and assets of $15K (revenue +0.0% year-over-year).
- 2011: Revenue of $150, expenses of $502, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizon Foundation:
Data Sources and Methodology
This transparency report for Horizon Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.