New Horizons Foundation-Usa
- Assets
- $118.8k
- Revenue
- $197.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Duluth, MN
- Founding
- 06/2012
- Data as of
- 12/2022
- EIN
- 27-0063047
Organization Overview
New Horizons Foundation-Usa is located in Duluth, MN. The organization was established in 2012. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Horizons Foundation-Usa 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 12/2022, New Horizons Foundation-Usa generated $197.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $206.0k during the year ending 12/2022. While expenses have increased by 16.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED FOR THE SPECIFIC PURPOSE AND OBJECTIVE OF DEVELOPING SOCIAL CAPITAL (POSITIVE SOCIAL AND MORAL VALUES AND COMPETENCIES) AS A STRATEGY FOR SUSTAINABLE DEVELOPMENT, INCLUDING SOCIOECONOMIC ASSISTANCE, PRIMARILY IN UNDERDEVELOPED NATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLICITED DONATIONS FROM THE GENERAL PUBLIC TO BE USED TO PROVIDE ADMINISTRATIVE SUPPORT AND FUNDING FOR PROJECTS AND PROGRAMS IN ROMANIA.
OTHER PHILANTHROPIC PROJECTS-BATES-FILANTROPIA,ECOTOURISM PROJECT, AND YOUTH DEVELOPMENT PROGRAMS.
SOLICITED DONATIONS FROM THE GENERAL PUBLIC TO BE USED TO PROVIDE ADMINISTRATIVE SUPPORT AND FUNDING FOR NHF USA NON-PROFIT ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Anderson Treasurer | Officer | 2 | $0 |
Rachel Tegrootenhuis Secretary | Officer | 2 | $0 |
Dave Nonnemacher President | Officer | 32 | $0 |
Kadie Becker Director | Trustee | 2 | $0 |
Roland Hoksbergen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,810 |
| Total Program Service Revenue | $0 |
| Investment income | $78 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,888 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $129,924 |
| Benefits paid to or for members | $3,840 |
| Compensation of current officers, directors, key employees. | $58,520 |
| Compensation of current officers, directors, key employees. | $58,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,340 |
| 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 | $1,048 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $205,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,891 |
| Savings and temporary cash investments | $115,860 |
| 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 | $118,751 |
| 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 |
| Net assets without donor restrictions | $116,008 |
| Net assets with donor restrictions | $2,743 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $118,751 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Horizons Foundation-Usa has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Help The Helpless Minneapolis, MN | $2,654,185 | $1,913,097 |
Hope Foundation Of Kenya Ankeny, IA | $111,119 | $514,460 |
Carmen Pampa Fund Saint Paul, MN | $382,341 | $343,367 |
New Horizons Foundation-Usa Duluth, MN | $118,751 | $197,888 |
Friends Of Ninos Adelante Inc Victoria, MN | $204,587 | $0 |
Friends Of Seoul Foreign School Inc Mason City, IA | $3,821,598 | $183,161 |
Central Global Vision Fund Milbank, SD | $348,627 | $86,440 |
International Peace Garden Foundation Dunseith, ND | $0 | $0 |