Horton Family Foundation Inc
Horton Family Foundation: Consistent Spending, Limited Program Growth
EIN: 222859557 · Brookfield, CT · Updated: 2026-04-04
Is Horton Family Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Horton Family Foundation Inc
Horton Family Foundation Inc (EIN: 222859557) is a nonprofit organization based in Brookfield, CT. The organization reported total revenue of $129K and total assets of $359K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horton Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horton Family Foundation Inc is a small nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $26K |
| Surplus / Deficit | +$22K |
| Total Assets | $351K |
| Total Liabilities | $1 |
| Net Assets | $351K |
| Operating Margin | 45.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 164.4 months |
Financial Health Grade: A
In 2023, Horton Family Foundation Inc reported a surplus of $22K with revenue exceeding expenses, holds 164.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Horton Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +80.0% | +5.7% | +6.6% |
| 2022 | +5.7% | -14.0% | +0.6% |
| 2021 | +382.3% | +13.0% | -1.0% |
| 2020 | -88.5% | +2.5% | -5.7% |
| 2019 | +27.0% | -55.0% | +8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Horton Family Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Horton Family Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in any available filings, aligning with the foundation's minimal operational footprint and 0% program spending.
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 Horton Family Foundation Inc's IRS 990 filings:
- 0% program spending raises significant questions about the foundation's charitable impact and direct fulfillment of its mission.
- The foundation's primary activity appears to be asset management rather than direct charitable programs.
- Lack of transparency regarding how administrative expenses are utilized, given no program spending.
Strengths
The following positive indicators were identified for Horton Family Foundation Inc:
- Consistent asset base over several years, indicating stable financial management.
- No reported lobbying or political campaign activities.
Frequently Asked Questions about Horton Family Foundation Inc
Is Horton Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Horton Family Foundation Inc (EIN: 222859557) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Horton Family Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Horton Family Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Horton Family Foundation Inc tax-deductible?
Horton Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222859557). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Horton Family Foundation Inc do?
Horton Family Foundation Inc is a nonprofit organization in the Unknown sector, located in Brookfield, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Horton Family Foundation Inc have?
Horton Family Foundation Inc reported total revenue of $128,614. Based on 10 IRS 990 filings on record.
What are Horton Family Foundation Inc's total assets?
Horton Family Foundation Inc holds total assets of $359,144 as reported in IRS 990 filings.
Where is Horton Family Foundation Inc located?
Horton Family Foundation Inc is based in Brookfield, Connecticut.
What is Horton Family Foundation Inc's EIN?
Horton Family Foundation Inc's Employer Identification Number (EIN) is 222859557. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Horton Family Foundation Inc?
Horton Family Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Horton Family Foundation Inc a registered 501(c)(3)?
Horton Family Foundation Inc appears in IRS records (EIN: 222859557). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Horton Family Foundation Inc file IRS Form 990?
Yes, Horton Family Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Horton Family Foundation Inc's revenue in 2023?
In the 202312 filing period, Horton Family Foundation Inc reported total revenue of $47,333, total expenses of $25,647, and net assets of $351,455.
Is Horton Family Foundation Inc's revenue growing or declining?
Horton Family Foundation Inc's revenue is growing. Revenue went from $26,294 (202212) to $47,333 (202312), a +80.0% change. Based on 10 filings on record.
What is Horton Family Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Horton Family Foundation Inc covers tax period 202312. It shows revenue of $47,333, expenses of $25,647, total assets of $351,455, and liabilities of $1.
Is Horton Family Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Horton Family Foundation Inc shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 2 strengths noted.
What are the red flags for Horton Family Foundation Inc?
The following concerns were identified: 0% program spending raises significant questions about the foundation's charitable impact and direct fulfillment of its mission.. The foundation's primary activity appears to be asset management rather than direct charitable programs.. Lack of transparency regarding how administrative expenses are utilized, given no program spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Horton Family Foundation Inc's strengths?
Positive indicators for Horton Family Foundation Inc include: Consistent asset base over several years, indicating stable financial management.. No reported lobbying or political campaign activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Horton Family Foundation Inc compensate executives?
Executive compensation is not reported in any available filings, aligning with the foundation's minimal operational footprint and 0% program spending. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given 0% program spending, what is the Horton Family Foundation's actual charitable purpose and how does it achieve its mission?
Based on the filings, the foundation does not directly conduct charitable programs. Its purpose appears to be holding assets and potentially making grants to other organizations, though no grant details are provided in the available data.
How does the foundation justify its administrative expenses (e.g., $25,647 in 2023) when no program services are delivered?
The filings do not provide a detailed breakdown of administrative expenses. Without program services, these expenses likely cover basic operational costs, legal/accounting fees, and asset management, but further detail is needed for full justification.
Filing History
IRS 990 filing history for Horton Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Horton Family Foundation Inc's revenue has grown by 71.7%, moving from $28K to $47K. Total assets decreased by 21.7% over the same period, from $449K to $351K. Total functional expenses fell by 58.1%, from $61K to $26K. In its most recent filing year (2023), Horton Family Foundation Inc reported a surplus of $22K, with revenue exceeding expenses. The organization holds $1 in liabilities against $351K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $351K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $26K | $351K | $1 | — | — |
| 2022 | $26K | $24K | $330K | $1 | — | — |
| 2021 | $25K | $28K | $328K | $1 | — | View 990 |
| 2020 | $5K | $25K | $331K | $1 | — | View 990 |
| 2019 | $45K | $24K | $351K | $1 | — | View 990 |
| 2015 | $35K | $54K | $322K | $0 | — | View 990 |
| 2014 | $13K | $47K | $341K | $0 | — | View 990 |
| 2013 | $10K | $59K | $360K | $0 | — | View 990 |
| 2012 | $14K | $54K | $409K | $0 | — | View 990 |
| 2011 | $28K | $61K | $449K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $26K, and assets of $351K (revenue +80.0% year-over-year).
- 2022: Revenue of $26K, expenses of $24K, and assets of $330K (revenue +5.7% year-over-year).
- 2021: Revenue of $25K, expenses of $28K, and assets of $328K (revenue +382.3% year-over-year).
- 2020: Revenue of $5K, expenses of $25K, and assets of $331K (revenue -88.5% year-over-year).
- 2019: Revenue of $45K, expenses of $24K, and assets of $351K (revenue +27.0% year-over-year).
- 2015: Revenue of $35K, expenses of $54K, and assets of $322K (revenue +163.5% year-over-year).
- 2014: Revenue of $13K, expenses of $47K, and assets of $341K (revenue +34.0% year-over-year).
- 2013: Revenue of $10K, expenses of $59K, and assets of $360K (revenue -30.2% year-over-year).
- 2012: Revenue of $14K, expenses of $54K, and assets of $409K (revenue -48.3% year-over-year).
- 2011: Revenue of $28K, expenses of $61K, and assets of $449K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horton Family Foundation Inc:
Data Sources and Methodology
This transparency report for Horton Family Foundation Inc 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.