Horizons Foundation Inc in Miami, Florida (FL)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Florida
| Horizons Foundation Inc | |
| Employer Identification Number (EIN) | 651121440 |
| Name of Organization | Horizons Foundation Inc |
| Address | C/O 1001 Brickell Bay Drive No 1800, Miami, FL 33131 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2002 |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,362,355 |
| Amount of Income | $-161,143 |
| Form 990 Revenue Amount | $-161,143 |
Non-representatives - add comments:
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $-161,143 | $0 | $-169,143 | |
| Contributions, gifts, grants, etc., received | $8,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-169,143 | |||
| Total expenses and disbursements | $15,167 | $8,515 | $10,290 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $15,167 | $8,515 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-176,310 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,362,355 | $1,362,355 |
| Cash - non-interest-bearing | $1,922 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $350,000 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $183,608 | |
| Other | $826,825 | |
| Total liabilities | $473,743 | |
| Mortgages and other notes payable | $0 | |
| Other | $473,743 | |
| Total liabilities and net assets/fund balances | $888,612 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | Yes |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $1,365,384 |
| Net value of noncharitable-use assets | $1,344,900 |
| Minimum investment return | $67,245 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $342 | $10,848 | $69,702 | $80,892 |
| Value of all assets | $1,362,355 | $1,368,412 | $1,388,868 | $1,519,745 | $5,639,380 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $1,362,355 | $1,368,412 | $1,388,868 | $1,519,745 | $5,639,380 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Florida | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Howard Y Lankford Tr Uw | PO BOX 40200, Jacksonville, FL 32203-0200 | FL | $169,132 | |
| 2 | Howard-Palmetto Baseball Softball Association Inc | PO BOX 560672, Miami, FL 33256-0672 | FL | 1994-11 | $235,492 |
| 3 | Hoyt Foundation Incorporated | 1410 Hillview Dr, Sarasota, FL 34239-2024 | FL | 1998-04 | $30,254 |
| 4 | Hps Helping People Succeed Foundation Inc | PO BOX 597, Stuart, FL 34995-0597 | FL | 1992-05 | $268,589 |
| 5 | Hps Helping People Succeed Inc | PO BOX 597, Stuart, FL 34995-0597 | FL | 1965-09 | $4,932,680 |
| 6 | Hr Florida State Council Inc | 7617 Wexford Club Dr W, Jacksonville, FL 32256-2311 | FL | 1998-04 | $1,299,759 |
| 7 | Hr Tampa Inc | 100 N Tampa St Ste 3600, Tampa, FL 33602-5867 | FL | 2007-06 | $194,902 |
| 8 | Hrmc Auxiliary Inc | 4413 Hwy 331 S, Defuniak Springs, FL 32435 | FL | 1993-04 | $12,567 |
| 9 | Hsm Charitable Foundation Inc | 3399 Pga Blvd Ste 260, Palm Bch Gdns, FL 33410-2804 | FL | 1991-10 | $104,421 |
| 10 | Hsu Family Foundation Inc | 4100 E Lake Estates Dr, Davie, FL 33328-3074 | FL | 2008-04 | $379,393 |
| 11 | Horizons Foundation Inc | C/O 1001 Brickell Bay Drive No 1800, Miami, FL 33131 | FL | 2002-02 | $-161,143 |
| 12 | Howell Fund Inc | PO BOX 1908, Orlando, FL 32802-1908 | FL | 1952-12 | $1,331,364 |
| 13 | Harrington Foundation | 7806 Troon Ct, Lakewood Rch, FL 34202-2561 | FL | 1998-04 | $879 |
| 14 | Henry Adams Grant Foundation | 1561 Main St, Sarasota, FL 34236-5802 | FL | 2001-04 | $144,199 |
| 15 | Howard & Helaine Resnick Foundation | 16355 Mirasol Way, Delray Beach, FL 33446-2370 | FL | 1969-06 | $323,952 |
| 16 | Heart Transplants Inc | 3914 Ethan Ln, Orlando, FL 32814 | FL | 2008-07 | $0 |
| 17 | Harvard Class Of 1959 | 14 Bonsai Dr, Boynton Beach, FL 33436-5907 | FL | 1984-03 | $3 |
| 18 | Hatteras 1510 Club Corporation | 2200 S Ocean Lane 2705, Fort Lauderdale, FL 33316 | FL | 2003-08 | $0 |
| 19 | Heartfelt Counseling Ministries Inc | 12370 Sawgrass Court, Wellington, FL 33414 | FL | 2005-10 | $0 |
| 20 | Hff Foundation, Frankel Herman Ttee | 535 Sanctuary Drive No 808c, Long Boat Key, FL 34228-4809 | FL | 1994-10 | $238,041 |
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