New Horizon Foundation
- Assets
- $5.0m
- Revenue
- $180.3k
- Investments
- $4.3m
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 02/1986
- Data as of
- 08/2023
- EIN
- 36-3406294
Organization Overview
New Horizon Foundation is located in Evanston, IL. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Horizon 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 08/2023, New Horizon Foundation generated $180.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $444.5k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New Horizon Foundation has awarded 359 individual grants totaling $1,838,331. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Revelle President, Director | 0.13 | $0 | |
Carolyn Revelle Director | 0.13 | $0 | |
Mary Paci Vice President | 0.13 | $0 | |
Carolyn Revelle Secretary/treasurer | 0.13 | $0 | |
Eleanor Revelle Director | 0.13 | $0 | |
Ellen Hufbauer Director | 0.13 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $160,030 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,301 |
| Capital Gain Net Income | $15,301 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,000 |
| Total Revenue | $180,331 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $37 |
| Taxes | $14,461 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $49,174 |
| Contributions, gifts, grants paid | $395,350 |
| Total expenses and disbursements | $444,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,028 |
| Savings and temporary cash investments | $100,103 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $469,371 |
| Total assets | $4,960,933 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, New Horizon Foundation has awarded $395,350 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION PURPOSE: PUBLIC AFFAIRS | $35,000 |
AFS - USA PURPOSE: EDUCATION | $5,000 |
AMERICAN FRIENDS SERVICE COMMITTEE PURPOSE: HUMAN SERVICES/INTERNATIONAL | $2,500 |
CARE INTERNATIONAL CHARITY PURPOSE: HUMAN SERVICES/INTERNATIONAL | $10,000 |
CARLETON COLLEGE PURPOSE: EDUCATION | $1,000 |
COLLEGE POSSIBLE PURPOSE: EDUCATION | $3,000 |