Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
HORIZONS FOUNDATION
 
% STEPHEN HADAC
Number and street (or P.O. box number if mail is not delivered to street address)4020 E MADISON ST SUITE 322SuiteRoom/suite
City or town, state, and ZIP code
SEATTLE, WA981123150
A Employer identification number

91-1493424
B Telephone number (see instructions)

(206) 323-8061
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$21,040,492J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet
3 Interest on savings and temporary cash investments 49 49  
4 Dividends and interest from securities...... 652,210 652,210  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 83,571
b Gross sales price for all assets on line 6a 589,451
7 Capital gain net income (from Part IV, line 2)... 83,571
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 735,830 735,830  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 63,240 15,810   47,430
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 2,437 609   1,828
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 400 400    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 28,610 17,770   3,884
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 16,620 4,155   12,465
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 7,161 1,502   5,616
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 118,468 40,246   71,223
25 Contributions, gifts, grants paid........ 1,045,700 1,045,700
26 Total expenses and disbursements. Add lines 24 and 25 1,164,168 40,246   1,116,923
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -428,338
b Net investment income (if negative, enter -0-) 695,584
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 680 680 680
2 Savings and temporary cash investments.......... 2,246,081 2,143,018 2,143,018
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 4,388 Click to see attachment3,972 3,298
b Investments—corporate stock (attach schedule)........ 2,987,895 Click to see attachment3,187,895 17,587,362
c Investments—corporate bonds (attach schedule)........ 1,725,348 Click to see attachment1,219,882 1,299,090
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet17,661
Less: accumulated depreciation (attach schedule) bullet17,661      
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment7,044 Click to see attachment7,044
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,964,392 6,562,491 21,040,492
Liabilities 17 Accounts payable and accrued expenses.......... 780 772
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 780 772
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund 10,687,351 10,687,351
29 Retained earnings, accumulated income, endowment, or other funds -3,723,885 -4,125,632
30 Total net assets or fund balances (see page 17 of the
instructions).................... 6,963,466 6,561,719
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 6,964,246 6,562,491
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 6,963,466
2 Enter amount from Part I, line 27a..................... 2 -428,338
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 26,591
4 Add lines 1, 2, and 3.......................... 4 6,561,719
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 6,561,719
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a .3333 SHS KRAFT FOODS GROUP   1996-01-25 2012-10-02
b 200,000 SHS CREDIT SUISSE FB USA INC   2002-06-04 2012-01-17
c 4,000 SHS FIFTH THIRD CAP 7.25%, 8/15/67   2007-08-01 2012-08-15
d 200,000 FIRSTBANK CD 2.4%, 10-1-12   2009-09-22 2012-10-01
e GNMA POOL 002396, 7.5% 3-20-27   2010-01-01 2012-12-31
GNMA POOL 002396, 7.5% 3-20-27   2010-10-10 2012-12-31
3,000 SHS MEDCOHEALTH SOLUTIONS   2003-08-19 2012-04-03
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 15   0 15
b 200,000   205,465 -5,465
c 100,000   100,000  
d 200,000   200,000  
e 180   181 -1
234   234  
86,400   0 86,400
      2,622
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       15
b       -5,465
c        
d        
e       -1
       
      86,400
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 83,571
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 1,039,009 21,158,249 0.049107
2010 912,696 19,873,758 0.045925
2009 783,914 16,747,956 0.046807
2008 1,059,875 20,221,392 0.052414
2007 1,127,832 23,383,571 0.048232
2 Total of line 1, column (d) ...................... 2 0.242485
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.048497
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 20,749,726
5 Multiply line 4 by line 3....................... 5 1,006,299
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,956
7 Add lines 5 and 6......................... 7 1,013,255
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,116,923
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 6,956
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 6,956
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,956
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 14,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,044
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet7,044 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? Click to see attachment....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changesClick to see attachment....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.Click to see attachment
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletNONE
    14
    The books are in care ofbulletSTEPHEN HADAC Telephone no.bullet (206) 323-8061
    Located atbullet4020 E MADISON ST SUITE 322SEATTLEWA ZIP+4bullet981123150
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) 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)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    LUCY J HADAC PRESIDENT & DIRECTOR
    15.0     		0 1,351 0
    4020 E MADISON ST SUITE 322
    SEATTLE,WA981123150
    RALPH R HADAC - DECEASED TREASURER & EXEC. DIRECTOR
    40.0     		63,240 1,086 0
    4020 E MADISON ST SUITE 322
    SEATTLE,WA981123150
    JERALD FOSTER VP & DIRECTOR
    4.0     		0 0 0
    4020 E MADISON ST SUITE 322
    SEATTLE,WA981123150
    STEPHEN T HADAC SECRETARY & DIRECTOR
    8.0     		0 0 0
    4020 E MADISON ST SUITE 322
    SEATTLE,WA981123150
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    18,823,994
    b
    Average of monthly cash balances.......................
    1b
    2,241,718
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    21,065,712
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    21,065,712
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    315,986
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    20,749,726
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,037,486
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,037,486
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    6,956
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,956
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,030,530
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,030,530
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    1,030,530
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,116,923
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,116,923
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    6,956
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,109,967
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 1,030,530
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 85,714
    b Total for prior years:2010, 2009, 2008  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007.......  
    b From 2008.......  
    c From 2009.......  
    d From 2010.......  
    e From 2011.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 1,116,923
    a Applied to 2011, but not more than line 2a 85,714
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 1,030,530
    e Remaining amount distributed out of corpus 679
    5 Excess distributions carryover applied to 2012.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 679
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		679
    10 Analysis of line 9:
    a Excess from 2008....  
    b Excess from 2009....  
    c Excess from 2010....  
    d Excess from 2011....  
    e Excess from 2012.... 679
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    STEPHEN HADAC HORIZONS FOUNDATION
    4020 E MADISON SUITE 322
    SEATTLE,WA98112
    (206) 323-8061
    bThe form in which applications should be submitted and information and materials they should include:
    SEE ATTACHMENT B
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE ATTACHMENT B
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ABUSED DEAF WOMEN'S ADVOCACY SVCS
    8623 ROOSEVELT WAY NE
    SEATTLE,WA98115     		N/A PUBLIC DOMESTIC ABUSE 15,000
    ACT
    700 UNION ST
    SEATTLE,WA98101     		N/A PUBLIC ARTS EDUCATION 5,000
    ARBORETUM FOUNDATION
    2300 ABORETUM DR E
    SEATTLE,WA98112     		N/A PUBLIC ENVIRONMENTAL EDUC. 2,500
    ARLINGTON KIDS' CLOSET
    135 S FRENCH BOX C
    ARLINGTON,WA98223     		N/A PUBLIC LOW INCOME STUDENTS 5,000
    ARLINTON CMMUN FOOD BANK
    16821 SMOKEY PT BLVD
    ARLINGTON,WA98223     		N/A PUBLIC HOMELESSNESS 5,000
    ASSIST LEAGUE OF EVERETT
    5107 EVERGREEN WAY
    EVERETT,WA98203     		N/A PUBLIC DOMESTIC ABUSE 3,000
    ASSISTANCE LEAGUE-EASTSIDE
    16541 REDMOND WAY
    REDMOND,WA98052     		N/A PUBLIC DOMESTIC ABUSE 2,000
    BALAGAN THEATRE
    1524 HARVARD AVE
    SEATTLE,WA98122     		N/A PUBLIC ARTS EDUCATION 3,000
    BELLEVUE LIFESPRING
    PO BOX 53203
    BELLEVUE,WA98015     		N/A PUBLIC HOMELESSNESS 5,000
    BURKE MUSEUM (U OF W)
    U OF W BOX 353010
    SEATTLE,WA98195     		N/A PUBLIC ARTS EDUCATION 5,000
    CAIR PROJ(COMMABORT INFO&RESOURCE
    PO BOX 17121
    SEATTLE,WA98127     		N/A PUBLIC WOMEN'S HEALTH 10,000
    CENT ENV LAW & POLICY
    911 WESTERN AVE SUITE 555
    SEATTLE,WA98104     		N/A PUBLIC ENVIRON. PROTECTION 20,000
    CENTRAL DIST FORUM 4 ARTS & IDEAS
    PO BOX 22824
    SEATTLE,WA98122     		N/A PUBLIC ARTS EDUCATION 2,000
    CHIEF SEATTLE CLUB
    410 2ND AVE EXT SOUTH
    SEATTLE,WA98104     		N/A PUBLIC SEXUAL ASSAULT 5,000
    CHILD CARE RESOURCES
    1225 S WELLER SUITE 300
    SEATTLE,WA98144     		N/A PUBLIC CHILD CARE 2,000
    CHRISTIAN AID CENTER
    PO BOX 56
    WALLA WALLA,WA99362     		N/A PUBLIC HOMELESSNESS 5,000
    CITY FRUIT
    PO BOX 28577
    SEATTLE,WA98118     		N/A PUBLIC HUNGER 5,000
    CLIMATE SOLUTIONS
    1402 3RD AVE SUITE 1305
    SEATTLE,WA98101     		N/A PUBLIC ENVIRON. PROTECTION 19,000
    COAST GUARD FAMILY & FRIENDS HOLIDAY STOCKINGS
    PO BOX 6392
    BELLEVUE,WA98008     		N/A PUBLIC HOMELESS KIDS 3,000
    COASTAL HARVEST
    PO BOX 616
    HOQUIAM,WA98550     		N/A PUBLIC HUNGER 4,000
    COCOON HOUSE
    2929 PINE ST
    EVERETT,WA98201     		N/A PUBLIC PARENTING EDUCATION 10,000
    COLUMBIA INST 4 WATER POLICY
    PO BOX 9743
    SPOKANE,WA99209     		N/A PUBLIC ENVIR. PROTECTION 10,000
    COMPASS HOUSING ALLIANCE
    77 S WASHINGTON ST
    SEATTLE,WA98104     		N/A PUBLIC HOMELESSNESS 5,000
    CONSERVATION NW(NW ECOSYST ALL)
    1208 BAY ST SUITE 201
    BELLINGHAM,WA98225     		N/A PUBLIC ENVIRON. PROTECTION 9,000
    COUNTRY DOCTOR
    500 19TH AVE E
    SEATTLE,WA98112     		N/A PUBLIC DOMESTIC ABUSE 10,000
    DANCE GALLERY-BELLINGHAM
    1520 CHUCKANUT CREST DR
    BELLINGHAM,WA98226     		N/A PUBLIC ARTS 2,000
    DOM VIOL & SEX ASSLT SVCS
    1407 COMMERCIAL ST
    BELLINGHAM,WA98225     		N/A PUBLIC DOMESTIC ABUSE 15,000
    DOWNTOWN EMERGENCY
    515 THIRD AVE
    SEATTLE,WA98104     		N/A PUBLIC HOMELESSNESS 3,000
    EARTHJUSTICE
    426 17TH ST 6TH FLOOR
    SAN FRANCISCO,CA94111     		N/A PUBLIC ENVIRON. PROTECTION 25,000
    EARTHSHARE WASHINGTON
    1402 THIRD AVE SUITE 817
    SEATTLE,WA98101     		N/A PUBLIC ENVIRON. PROTECTION 4,000
    ELDERHEALTH NW
    800 JEFFERSON ST SUITE 620
    SEATTLE,WA98104     		N/A PUBLIC HEALTH 10,000
    ELIZABETH GREGORY HOME
    1604 NE 50TH ST
    SEATTLE,WA98105     		N/A PUBLIC HOMELESS WOMEN 5,000
    ELIZABETH GREGORY HOME
    1604 NE 50TH ST
    SEATTLE,WA98105     		N/A PUBLIC HOMELESS WOMEN 1,000
    ENVIRONMENTAL SCIENCE CENTER
    126 SW 148TH ST C100-170
    BURIEN,WA98116     		N/A PUBLIC ENVIRON. EDUCATION 12,500
    EVERGREEN CITY BALLET
    2230 LIND AVE SW 109
    RENTON,WA98057     		N/A PUBLIC ARTS EDUCATION 2,500
    FACING THE FUTURE
    1904 THIRD AVE SUITE 510
    SEATTLE,WA98101     		N/A PUBLIC ENVIRONMENTAL EDUC. 10,000
    FAM EDUC & SUPT SERVICES
    1202 BLACK LAKE BLVD B
    OLYMPIA,WA98502     		N/A PUBLIC PARENTING EDUCATION 8,000
    FAMILY LAW CASA
    810 THIRD AVE SUITE 700
    SEATTLE,WA98104     		N/A PUBLIC CHILD WELFARE 10,000
    FAMILY WORKS
    PO BOX 31112
    SEATTLE,WA98103     		N/A PUBLIC HOMELESSNESS 5,000
    FARESTART
    700 VIRGINIA ST
    SEATTLE,WA98101     		N/A PUBLIC HUNGER 3,000
    FIRST PLACE
    PO BOX 22536
    SEATTLE,WA98122     		N/A PUBLIC HOMELESSNESS 5,000
    FOOD LIFELINE
    1702 NE 150TH ST
    SHORELINE,WA98155     		N/A PUBLIC HUNGER 3,000
    FRIENDS OF SAN JUANS
    PO BOX 1344
    FRIDAY HARBOR,WA98250     		N/A PUBLIC ENVIRON. PROTECTION 20,000
    FRIENDS OF YOUTH(HEALTHY START)
    16225 NE 87TH ST A-6
    REDMOND,WA98052     		N/A PUBLIC PARENTING EDUCATION 20,000
    FUTUREWISE
    816 SECOND AVE SUITE 200
    SEATTLE,WA98104     		N/A PUBLIC PRESERVE ENVIRONMENT 25,000
    GOOD CHEER FOOD BANK
    PO BOX 144
    LANGLEY,WA98260     		N/A PUBLIC HUNGER 5,000
    GREATER MAPLE VALLEY COMMUNITY CTR
    22010 SE 248TH ST
    MAPLE VALLEY,WA98038     		N/A PUBLIC DATING VIOLENCE 10,000
    HOPE IN CHRIST MINISTRIES
    822 BURWELL ST
    BREMERTON,WA98337     		N/A PUBLIC AT RISK YOUTH 4,000
    HOPELINK
    10675 WILLOWS RD NE 275
    REDMOND,WA98052     		N/A PUBLIC HOMELESSNESS 3,000
    HOSPITALITY HOUSE
    15003 14TH AVE SW
    BURIEN,WA98166     		N/A PUBLIC HOMELESS WOMEN 5,000
    HOUSING HOPE
    5830 EVERGREEN WAY
    EVERETT,WA98203     		N/A PUBLIC HOMELESSNESS 8,000
    INTIMAN THEATRE
    PO BOX 19537
    SEATTLE,WA98109     		N/A PUBLIC ARTS 5,000
    IOSA (ISLAND OIL SPILL ASSN)
    PO BOX 2316
    FRIDAY HARBOR,WA98250     		N/A PUBLIC ENVIRON. PROTECTION 5,500
    JEFFERSON LAND TRUST
    1033 LAWRENCE ST
    PORT TOWNSEND,WA98368     		N/A PUBLIC PRESERVE ENVIRONMENT 5,000
    JUMPING MOUSE CHILDREN'S CTR
    1809 SHERIDAN ST
    PORT TOWNSEND,WA98368     		N/A PUBLIC CHILD WELFARE 8,000
    KING CTY SEXUAL ASSAULT RES CTR
    PO BOX 300
    RENTON,WA98057     		N/A PUBLIC SEXUAL ASSAULT 10,000
    LEGAL VOICE(NW WOMEN'S LAW CTR)
    907 PINE ST SUITE 500
    SEATTLE,WA98101     		N/A PUBLIC DOMESTIC VIOLENCE 20,000
    LIFEWIRE
    PO BOX 6398
    BELLEVUE,WA98008     		N/A PUBLIC DOMESTIC VIOLENCE 20,000
    METROPOLITAN DEVEL COUNCIL
    721 S FAWCETT SUITE 201
    TACOMA,WA98402     		N/A PUBLIC WOMEN'S HEALTH 8,000
    MILLIONAIR CLUB CHARITY
    2515 WESTERN AVE
    SEATTLE,WA98121     		N/A PUBLIC HUNGER 5,000
    MULTIMEDIA SEATTLE
    1752 NW MARKET ST 217
    SEATTLE,WA98107     		N/A PUBLIC DOMESTIC VIOLENCE 2,000
    MUS OF HISTORY & INDUSTRY
    2700 24TH AVE E
    SEATTLE,WA98112     		N/A PUBLIC ARTS EDUCATION 2,000
    N HALE HS SPORTS BOOSTERS
    2414 5TH AVE WEST
    SEATTLE,WA98119     		N/A PUB SCH EDUCATION 5,000
    NATIONAL AUDUBON(AUDUBON WASH)
    5902 LAKE WASH BLVD S
    SEATTLE,WA98118     		N/A PUBLIC ENVIRONMENTAL EDUC. 9,000
    NATURE CONSERVANCY
    1917 FIRST AVE
    SEATTLE,WA98101     		N/A PUBLIC ENVIRON. PROTECTION 8,000
    NEIGHBORCARE HEALTH
    905 SPURCE ST SUITE 300
    SEATTLE,WA98104     		N/A PUBLIC HEALTH 3,000
    NEST (NE SEATTLE TOGETHER)
    PO BOX 51009
    SEATTLE,WA98115     		N/A PUBLIC SENIOR ASSISTANCE 5,000
    NORTH HELPLINE
    12736 33RD AVE NE
    SEATTLE,WA98125     		N/A PUBLIC HUNGER 3,000
    NORTHWEST HARVEST
    PO BOX 12272
    SEATTLE,WA98102     		N/A PUBLIC HUNGER 3,000
    NW CENT 4 ALTERN PESTICIDES
    PO BOX 1393
    EUGENE,OR97440     		N/A PUBLIC WATER QUALITY 5,000
    NW NATURAL RESOURCE GROUP
    1917 1ST AVE SUITE 200
    SEATTLE,WA98101     		N/A PUBLIC ENVIRON. PROTECTION 10,000
    NW STRAITS FOUNDATION
    1155 N STATE ST SUITE 322
    BELLINGHAM,WA98225     		N/A PUBLIC PROT. MARINE ECOSYSTEM 12,000
    OLYMPIA SYMPHONY ORCHESTRA
    3400 CAPITOL BLVD S 203
    OLYMPIA,WA98501     		N/A PUBLIC ARTS 2,000
    OLYMPIC FOREST COALITION
    PO BOX 461
    QUILCENE,WA98376     		N/A PUBLIC ENVIRON. PROTECTION 6,000
    PAWS
    PO BOX 1037
    LYNNWOOD,WA98046     		N/A PUBLIC WILDLIFE 4,000
    PCC FARMLAND FUND
    1917 FIRST AVE SUITE 100
    SEATTLE,WA98101     		N/A PUBLIC PRESERVE HABITAT 8,000
    PEPS-PROG EARLY PAR SUPT
    4649 SUNNYSIDE AVE N 324
    SEATTLE,WA98103     		N/A PUBLIC PARENTING EDUCATION 20,000
    POMEGRANATE CENTER
    PO BOX 486
    ISSAQUAH,WA98027     		N/A PUBLIC ENVIRONMENTAL EDUC. 2,000
    PUGET SD ADLERIAN SOC
    8249 38TH AVE NE
    SEATTLE,WA98115     		N/A PUBLIC PARENTING EDUCATION 16,000
    PUGET SD ADLERIAN SOC
    8249 38TH AVE NE
    SEATTLE,WA98115     		N/A PUBLIC PARENTING EDUCATION 5,000
    PUGET SOUNDKEEPER ALLIANCE
    5305 SHILSHOLE AVE NW 150
    SEATTLE,WA98107     		N/A PUBLIC WATER QUALITY 15,000
    READINESS TO LEARN(ISL CTY)
    PO BOX 346
    LANGLEY,WA98260     		N/A PUBLIC PARENTING EDUCATION 4,000
    REAL CHANGE
    219 FIRST AVE S SUITE 220
    SEATTLE,WA98104     		N/A PUBLIC HOMELESSNESS 2,500
    RESOURCES
    2309 MERIDIAN ST
    BELLINGHAM,WA98225     		N/A PUBLIC WATER QUALITY 10,000
    REUSE WORKS INC-BELLINGHAM
    802 MARINE DR
    SEATTLE,WA98104     		N/A PUBLIC CHILD WELFARE 10,000
    SAFEPLACE-RAPE RELIEF
    314 LEGION WAY SE
    OLYMPIA,WA98501     		N/A PUBLIC DOMESTIC VIOLENCE 20,000
    SAVE OUR WILD SALMON
    200 FIRST AVE W SUITE 107
    SEATTLE,WA98119     		N/A PUBLIC ENDANGERED SPECIES 15,000
    SEATTLE GOODWILL
    1765 6TH AVE S
    SEATTLE,WA98134     		N/A PUBLIC JOB TRAINING 3,000
    SEATTLE SHAKESPEARE CO
    PO BOX 19595
    SEATTLE,WA98109     		N/A PUBLIC ARTS EDUCATION 3,000
    SEATTLE TIMES FUND NEEDY
    PO BOX C11025
    SEATTLE,WA98111     		N/A PUBLIC HOMELESSNESS 3,000
    SEATTLE' UNION GOSPEL MISSION
    PO BOX 202
    SEATTLE,WA98111     		N/A PUBLIC HOMELESSNESS 3,000
    SEATTLE YOUTH SYMPHONY
    11065 FIFTH AVE NE SUITE A
    SEATTLE,WA98125     		N/A PUBLIC ARTS EDUCATION 3,500
    SECOND HARVEST INLAND NORTHWEST
    1234 EAST FRONT AVE
    SPOKANE,WA99202     		N/A PUBLIC HUNGER 3,000
    SEED-SE EFFECTIVE DEVELOPMENT
    5117 RAINIER AVE S
    SEATTLE,WA98118     		N/A PUBLIC ARTS EDUCATION 2,500
    SENIOR SERVICES-SNOHOMISH CTY
    8225 44TH AVE W SUITE O
    MUKILTEO,WA98275     		N/A PUBLIC SENIOR ASSISTANCE 10,000
    SEXUAL VIOLENCE LAW CENTER
    1420 FIFTH AVE SUITE 2200
    SEATTLE,WA98101     		N/A PUBLIC DATING VIOLENCE 7,500
    SIGHTLINE
    1402 THIRD AVE SUITE 500
    SEATTLE,WA98101     		N/A PUBLIC ENVIRON. PROTECTION 20,000
    SKAGIT LAND TRUST
    PO BOX 1017
    MOUNT VERNON,WA98273     		N/A PUBLIC HABITAT PRESERVATION 10,000
    SOLID GROUND(FREM PUB ASSOC)
    1501 N 45TH ST
    SEATTLE,WA98103     		N/A PUBLIC HOMELESSNESS 15,000
    SOPHIA WAY
    700 108TH AVE NE SUITE 201
    BELLEVUE,WA98004     		N/A PUBLIC DOMESTIC ABUSE 7,000
    SOUND MENTAL HEALTH
    1600 E OLIVE ST
    SEATTLE,WA98112     		N/A PUBLIC DOMESTIC VIOLENCE 8,000
    SPOKANE VALLEY PARTNERS
    PO BOX 141360
    SPOKANE VALLEY,WA99214     		N/A PUBLIC HUNGER 3,000
    ST JAMES FAMILY CTR(EPISCOPAL CHURCH)
    1134 COLUMBIA ST
    CATHLAMET,WA98612     		N/A PUBLIC PARENTING EDUCATION 12,000
    STEWARDSHIP PARTNERS
    1411 FOURTH AVE SUITE 1425
    SEATTLE,WA98101     		N/A PUBLIC ENVIRONMENTAL EDUC. 10,000
    SW YOUTH & FAMILY SVCS
    4555 DELRIDGE WAY SW
    SEATTLE,WA98106     		N/A PUBLIC PARENTING EDUCATION 9,000
    TAPROOT THEATRE CO
    PO BOX 30946
    SEATTLE,WA98113     		N/A PUBLIC ARTS EDUCATION 2,000
    TEEN FEED
    4740 B UNIVERSITY WAY NE
    SEATTLE,WA98105     		N/A PUBLIC HUNGER 5,000
    THE MARKET FOUNDATION
    85 PIKE ST ROOM 500
    SEATTLE,WA98101     		N/A PUBLIC HEALTH 3,000
    THEATER SCHMEATER
    1500 SUMMIT AVE
    SEATTLE,WA98122     		N/A PUBLIC ARTS 2,500
    TOWN HALL SEATTLE
    1119 8TH AVE
    SEATTLE,WA98101     		N/A PUBLIC ARTS 3,000
    TRANSPORTATION CHOICES COALITION
    811 1ST AVE SUITE 626
    SEATTLE,WA98104     		N/A PUBLIC ENVIRONMENTAL EDUC. 10,000
    TREEHOUSE
    2100 24TH AVE S 200
    SEATTLE,WA98144     		N/A PUBLIC CHILD WELFARE 2,000
    UNIV OF WASH-WOMENS CTR
    CUNNINGHAM HALL 351380
    SEATTLE,WA98125     		N/A PUB SCH HUMAN TRAFFICKING 5,000
    UNIV OF WASH-WOMENS CTR
    CUNNINGHAM HALL 351380
    SEATTLE,WA98125     		N/A PUB SCH HUMAN TRAFFICKING 1,000
    UNIVERSITY DISTRTICT FOOD BANK
    4731 15TH AVE NE
    SEATTLE,WA98105     		N/A PUBLIC HUNGER 3,000
    VANESSA BEHAN CRISIS NURSERY
    1004 E 8TH ST
    SPOKANE,WA99202     		N/A PUBLIC CHILD WELFARE 5,000
    VASHON ALLIED ARTS
    PO BOX 576
    VASHON,WA98070     		N/A PUBLIC ARTS EDUCATION 2,000
    VASHON YOUTH & FAM SVCS
    PO BOX 237
    VASHON,WA98070     		N/A PUBLIC PARENTING EDUCATION 10,000
    VELOCITY DANCE CENTER
    1621 12TH AVE SUITE 100
    SEATTLE,WA98122     		N/A PUBLIC ARTS EDUCATION 2,500
    VOLUNTEERS OF AMER-W WA
    PO BOX 839
    EVERETT,WA98206     		N/A PUBLIC HUNGER 5,000
    WA ST ASSOC CASAGAL
    1700 7TH AVE 116 PMB169
    SEATTLE,WA98101     		N/A PUBLIC CHILD WELFARE 15,000
    WASHINGTON ENVIR COUNC
    1402 THIRD AVE SUITE 1400
    SEATTLE,WA98101     		N/A PUBLIC ENVIRON. PROTECTION 30,000
    WASHINGTON TOXICS COALITION
    4649 SUNNYSIDE AVE N 540
    SEATTLE,WA98103     		N/A PUBLIC ENVIRON. PROTECTION 10,000
    WELLSPRING FAMILY SERVICES
    1900 RAINIER AVE S
    SEATTLE,WA98144     		N/A PUBLIC DOMESTIC VIOLENCE 15,000
    WEST SOUND WILDLIFE SHELTER (BLOEDEL RESERVE)
    7501 NE DOLPHIN DR
    BAINBRIDGE ISLAND,WA98110     		N/A PUBLIC WILDLIFE 8,000
    WHISTLESTOP DANCE COMPANY
    PO BOX 20801
    SEATTLE,WA98102     		N/A PUBLIC ARTS EDUCATION 1,500
    WILD FISH CONSERVANCY
    PO BOX 402
    DUVALL,WA98109     		N/A PUBLIC WATER QUALITY 12,000
    WOLF HOLLOW WILDLIFE REHAB CTR
    PO BOX 391
    FRIDAY HARBOR,WA98250     		N/A PUBLIC WILDLIFE 9,200
    WOMENCARE SHELTER
    4120 MERIDIAN SUITE 220
    BELLINGHAM,WA98226     		N/A PUBLIC DOMESTIC ABUSE 20,000
    YMCA OF SEATTLE
    909 FOURTH AVE
    SEATTLE,WA98104     		N/A PUBLIC ENVIRONMENTAL EDUC. 10,000
    YWCA OF SPOKANE
    930 N MONROE ST
    SPOKANE,WA99201     		N/A PUBLIC DOMESTIC VIOLENCE 15,000
    YWCA OF TACOMA & PIERCE CTY
    405 BROADWAY
    TACOMA,WA98402     		N/A PUBLIC DOMESTIC ABUSE 20,000
    Total .................................bullet 3a 1,045,700
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 49  
    4 Dividends and interest from securities....     14 652,210  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 83,571  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   735,830  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13735,830
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2012 DepreciationSchedule
    Name:
    HORIZONS FOUNDATION
    EIN: 91-1493424
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    ACCTG SOFTWARE 1990-05-09 82 82 SL 5        
    PHONE 1990-11-06 58 58 SL 7        
    OFFICE FURNITURE 1990-11-09 1,178 1,178 SL 7        
    UTILITY CART 1990-12-04 108 108 SL 7        
    COMPUTER, PRINTER 1990-12-06 1,483 1,483 SL 5        
    STORAGE CABINET 1991-02-20 97 97 SL 7        
    ROUND TABLE 1991-03-02 269 269 SL 7        
    COAT RACK 1991-03-02 107 107 SL 7        
    FILE CABINET 1992-12-26 151 151 SL 7        
    VCR - TV UNIT 1993-02-07 433 433 SL 5        
    2 GUEST CHAIRS 1994-03-03 314 314 SL 7        
    CONFERENCE TABLE 1994-03-03 378 378 SL 7        
    UTILITY CABINET 1994-03-03 130 130 SL 7        
    BOOKCASE 1994-03-03 76 76 SL 7        
    DESK CHAIR 1994-03-03 216 216 SL 7        
    DESK 1994-03-07 130 130 SL 7        
    POWER MAC COMP 1994-05-12 2,442 2,442 SL 5        
    FILE CABINET 1994-06-23 108 108 SL 7        
    SOFA, CHAIR, TABLE 1994-08-15 2,004 2,004 SL 7        
    CD-ROM READER 1994-08-31 470 470 SL 5        
    LAMP 1994-10-12 303 303 SL 7        
    2 PICTURE FRAMES 1994-10-27 305 305 SL 7        
    REFRIGERATOR 1994-11-03 152 152 SL 5        
    FAX MODEM 1995-06-02 100 100 SL 5        
    ZIP DRIVE DEVICE 1995-06-21 200 200 SL 5        
    COLOR MONITOR 1998-02-06 300 300 SL 5        
    LASERJET PRINTER 1998-02-06 950 950 SL 5        
    POWER MAC G3 COMP 1998-02-06 2,399 2,399 SL 5        
    TV-VCR COMBO 1998-11-04 250 250 SL 5        
    MODEM - GLOBAL VLG 1999-02-09 160 160 SL 5        
    COMPUTER, PRINTER 2006-03-31 2,308 2,308 SL 5        

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    HORIZONS FOUNDATION
    EIN: 91-1493424
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 1,219,882 1,299,090

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    HORIZONS FOUNDATION
    EIN: 91-1493424
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 3,187,895 17,587,362

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    HORIZONS FOUNDATION
    EIN: 91-1493424
    US Government Securities - End of Year Book Value:

    3,972
    US Government Securities - End of Year Fair Market Value:

    3,298
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2012 LandEtcSchedule2
    Name:
    HORIZONS FOUNDATION
    EIN: 91-1493424
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    ACCTG SOFTWARE 82 82    
    PHONE 58 58    
    OFFICE FURNITURE 1,178 1,178    
    UTILITY CART 108 108    
    COMPUTER, PRINTER 1,483 1,483    
    STORAGE CABINET 97 97    
    ROUND TABLE 269 269    
    COAT RACK 107 107    
    FILE CABINET 151 151    
    VCR - TV UNIT 433 433    
    2 GUEST CHAIRS 314 314    
    CONFERENCE TABLE 378 378    
    UTILITY CABINET 130 130    
    BOOKCASE 76 76    
    DESK CHAIR 216 216    
    DESK 130 130    
    POWER MAC COMP 2,442 2,442    
    FILE CABINET 108 108    
    SOFA, CHAIR, TABLE 2,004 2,004    
    CD-ROM READER 470 470    
    LAMP 303 303    
    2 PICTURE FRAMES 305 305    
    REFRIGERATOR 152 152    
    FAX MODEM 100 100    
    ZIP DRIVE DEVICE 200 200    
    COLOR MONITOR 300 300    
    LASERJET PRINTER 950 950    
    POWER MAC G3 COMP 2,399 2,399    
    TV-VCR COMBO 250 250    
    MODEM - GLOBAL VLG 160 160    
    COMPUTER, PRINTER 2,308 2,308    


    TY 2012 OtherAssetsSchedule
    Name:
    HORIZONS FOUNDATION
    EIN: 91-1493424
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID TAXES 0 7,044 7,044


    TY 2012 OtherExpensesSchedule
    Name:
    HORIZONS FOUNDATION
    EIN: 91-1493424
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE EXPENSE 500 125   375
    FILING/LICENSES EXPENSE 35      
    POSTAGE EXPENSE 90 23   68
    REPAIRS EXPENSE 90 23   68
    SUPPLIES EXPENSE 578 144   434
    DUES & SUBSCRIPTIONS 748 748    
    PHILANTHROPY NW DUES 3,355     3,355
    PHONE & INTERNET EXPENSE 1,755 439   1,316
    BANK CHARGES 10      


    TY 2012 OtherIncreasesSchedule
    Name:
    HORIZONS FOUNDATION
    EIN: 91-1493424
    Description Amount
    CASH ADJUSTMENT 26,591


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    HORIZONS FOUNDATION
    EIN: 91-1493424
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROKER & COMMISSION FEES 400 400    


    TY 2012 TaxesSchedule
    Name:
    HORIZONS FOUNDATION
    EIN: 91-1493424
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 16,475 16,475    
    FEDERAL TAX EXPENSE 6,956      
    PAYROLL TAX EXPENSE 5,179 1,295   3,884