Horizon International 
The information on this page was last updated 4/5/2023. If you see errors or omissions, please email: [email protected]
Summary
Creating a world of hope through African orphans
Contact information
Mailing address:
Horizon International
350 JH Walker Dr
Pendleton, IN 46064
Website: horizonorphans.com
Phone: (765) 778-1016
Email: [email protected]
Organization details
EIN: 352154451
CEO/President: Bob Pearson
Chairman: Sonia Leerkamp
Board size: 8
Founder: Bob Pearson
Ruling year: 2003
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2021
Purpose
For more than 20 years, Horizon has made a difference in the lives of thousands of orphans in dozens of communities across Africa. We currently work in five African countries: Ethiopia, South Africa, Uganda, Zambia, and Zimbabwe.
Mission statement
Statement of faith
Horizon International is a non-denominational Christian ministry motivated by this vision: "For you who revere my name, the sun of righteousness will rise with healing in its wings. And you will go out and leap like calves released from the stall" (Malachi 4:2, NIV).
Accordingly, Horizon reveres the name and mission of Jesus Christ, shining today as the sun of righteousness, and is dedicated to creating a world of hope for AIDS orphans and the Christian leaders and care-givers who serve them and their extended families. Underlying this reverence and dedication are certain affirmations of Christian faith. Horizon International affirms with joy:
Its belief in the one eternal God, Creator and Lord of the world, eternally existing as Father, Son and Holy Spirit, governing all things according to the graciousness of the divine purpose.
Its belief in the divine inspiration of the Bible, Old and New Testaments, revelation that is dependable for guiding all aspects of Christian belief, life, and mission in the world.
Its belief that there is only one Lord and Savior for humanity, Jesus Christ, the Son of God, born in Bethlehem, resurrected in Jerusalem, and ever-living through the person of the Holy Spirit.
Its belief that Jesus Christ sends his redeemed people into the world as the Father sent him, to save sinners, to work for justice in human societies, to embody compassion, and to bring hope to the lost, oppressed, and diseased.
Its belief in the power of the Holy Spirit to reveal the identity and purposes of the Christ, to bring new birth and spiritual maturity to fallen humanity, to indwell believers so that a godly life can be lived, and to gift faithful disciples for sacrificial service to the church and the world.
Its belief in the spiritual unity of all true believers in Jesus Christ, thus encouraging Horizon to cooperate gladly with all who share this vision, also honor these beliefs, and choose to join hands with this ministry.
Its belief that Jesus Christ will return one day, bringing divine judgment, vindicating the faithful, eliminating evil, and initiating life that is blessed and everlasting for those who belong to the eternal Christ and have served faithfully in his mission.
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Foreign Missions
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 803 of 1077 | 100 of 140 |
| Fund acquisition rating | | 816 of 1078 | 101 of 140 |
| Resource allocation rating | | 785 of 1078 | 99 of 140 |
| Asset utilization rating | | 489 of 1077 | 59 of 140 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 5% | 8% | 3% | 3% | 9% | 15% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 8% | 3% | 3% | 9% | 15% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 95% | 99% | 98% | 98% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 7% | 4% | 3% | 9% | 16% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 5% | 1% | 2% | 2% | 0% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 81% | 83% | 86% | 81% | 77% |
Spending ratio Spending ratio = Total expenses / Total revenue | 89% | 109% | 83% | 99% | 98% | 92% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 88% | 69% | 86% | 80% | 70% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 11% | -9% | 17% | 1% | 2% | 8% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 15% | -12% | 25% | 1% | 4% | 20% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 12% | 14% | 11% | 10% | 7% |
| Investing ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.15 | 1.32 | 1.14 | 1.83 | 1.90 | 1.91 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.18 | 1.22 | 1.21 | 1.36 | 1.44 | 1.30 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.64 | 1.60 | 1.38 | 2.48 | 2.73 | 2.48 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 23.96 | 28.29 | 45.51 | 20.69 | 22.56 | 84.48 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.04 | 0.04 | 0.02 | 0.05 | 0.04 | 0.01 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.68 | 7.22 | 8.49 | 4.61 | 4.20 | 4.78 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 6% | 11% | 9% | 14% | 14% | 12% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 8% | 7% | 10% | 11% | 11% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 82% | 68% | 80% | 47% | 45% | 46% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cash | $537,100 | $745,384 | $491,781 | $517,369 | $665,182 |
| Receivables, inventories, prepaids | $27,608 | $22,908 | $35,957 | $57,410 | $68,559 |
| Short-term investments | $867,235 | $830,865 | $556,613 | $451,359 | $375,914 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,431,943 | $1,599,157 | $1,084,351 | $1,026,138 | $1,109,655 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $313,786 | $340,771 | $386,614 | $448,571 | $329,466 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $313,786 | $340,771 | $386,614 | $448,571 | $329,466 |
| Total assets | $1,745,729 | $1,939,928 | $1,470,965 | $1,474,709 | $1,439,121 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $50,608 | $35,138 | $52,416 | $45,491 | $13,135 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $50,608 | $35,138 | $52,416 | $45,491 | $13,135 |
| Debt | $137,911 | $145,181 | $152,107 | $158,745 | $165,087 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $137,911 | $145,181 | $152,107 | $158,745 | $165,087 |
| Total liabilities | $188,519 | $180,319 | $204,523 | $204,236 | $178,222 |
| Net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $74,787 | $314,263 | $202,249 | $286,678 | $175,777 |
| With donor restrictions | $1,482,423 | $1,445,346 | $1,064,193 | $983,795 | $1,085,122 |
| Net assets | $1,557,210 | $1,759,609 | $1,266,442 | $1,270,473 | $1,260,899 |
| Revenues and expenses | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $2,020,137 | $2,615,352 | $2,659,793 | $2,792,219 | $2,993,392 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $73,088 | $17,833 | $11,418 | $13,378 | $14,907 |
| Other revenue | $22,570 | $21,274 | $33,946 | $40,964 | ($5,480) |
| Total other revenue | $95,658 | $39,107 | $45,364 | $54,342 | $9,427 |
| Total revenue | $2,115,795 | $2,654,459 | $2,705,157 | $2,846,561 | $3,002,819 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| Program services | $1,853,770 | $1,825,933 | $2,317,073 | $2,264,081 | $2,116,048 |
| Management and general | $280,535 | $303,790 | $288,613 | $287,403 | $183,701 |
| Fundraising | $162,467 | $81,294 | $81,600 | $250,450 | $453,446 |
| Total expenses | $2,296,772 | $2,211,017 | $2,687,286 | $2,801,934 | $2,753,195 |
| Change in net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | ($180,977) | $443,442 | $17,871 | $44,627 | $249,624 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($180,977) | $443,442 | $17,871 | $44,627 | $249,624 |
Compensation
| Name | Title | Compensation |
| Robert Pearson | Chairman | $82,050 |
| Barry Callen | Secretary | $1,500 |
Compensation data as of: 12/31/2019
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/5/2023. To update the information below, please email: [email protected]