New Horizons Foundation
- Assets
- $0.0
- Revenue
- $70.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasant Valley, NY
- Founding
- Data as of
- 12/2017
- EIN
- 14-1743515
Organization Overview
New Horizons Foundation is located in Pleasant Valley, NY. New Horizons Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2017, New Horizons Foundation generated $70.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $697.5k during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
NEW HORIZONS FOUNDATION WAS ORGANIZED TO RAISE FUNDS AND PROVIDE A CONTINUAL FINANCIAL SOURCE FOR THE BENEFIT OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES BY CONTRIBUTING MONEY AND ASSETS TO NEW HORIZONS RESOURCES, INC., A RELATED ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO NEW HORIZONS RESOURCES, INC. (NHR) PROVIDE OPERATING AND CAPITAL SUPPORT AND ENABLE NHR TO OTHERWISE ENHANCE ITS PROGRAMS.APPROXIMATELY 400 INDIVIDUALS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Laganaro Board Member | Trustee | 10 | $141,335 |
David Mcgorry Foundation Director | Officer | 23 | $70,696 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,554 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,133 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,687 |
| Total Program Service Revenue | $0 |
| Investment income | $2,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,562 |
| Net Income from Fundraising Events | -$10,938 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $629,969 |
| Grants and other assistance to domestic individuals. | $45,107 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,397 |
| Fees for services: Accounting | $13,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $831 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,907 |
| Total functional expenses | $697,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, New Horizons Foundation has awarded $629,969 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEW HORIZONS RESOURCES INC PURPOSE: GENERAL OPERATING SUPPORT | $157,893 |
NEW HORIZONS RESOURCES INC PURPOSE: TRANSFER OF REMAINING NET ASSETS UPON DISSOLUTION OF THE FOUNDATION. | $472,076 |