New Horizons Foundation Inc
- Assets
- $70.8k
- Revenue
- $588.0
- Investments
- $20.4k
- Employees
- 0
- Location
- Thaxton, VA
- Founding
- 05/1998
- Data as of
- 11/2018
- EIN
- 54-1878032
Organization Overview
New Horizons Foundation Inc is located in Thaxton, VA. The organization was established in 1998. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations.
For the year ending 11/2018, New Horizons Foundation Inc generated $588.0 in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $10.5k during the year ending 11/2018. While expenses have increased by 26.2% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO NON PROFIT AGENCIES INVOLVED IN HOUSING, EDUCATION, LITERACY AND HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cornelis Pieterman President | 0 | $0 | |
Jacoba Pieterman Secretary | 0 | $0 | |
Maria A Pieterman Treasurer | 0 | $0 | |
Roland E Pieterman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $465 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$35 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150 |
| Total Revenue | $588 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $309 |
| Total operating and administrative expenses | $1,839 |
| Contributions, gifts, grants paid | $8,625 |
| Total expenses and disbursements | $10,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,334 |
| Savings and temporary cash investments | $21,879 |
| 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 | $2,470 |
| 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 | $18,785 |
| Total assets | $70,818 |
| 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 | $659 |
| Total liabilities | $659 |
Grants Awarded
Over the last fiscal year, New Horizons Foundation Inc has awarded $8,625 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BEDFORD COMMUNITY ORCHESTRA PURPOSE: SUPPORT FOR LOCAL ARTS | $500 |
HOPE HOUSE PURPOSE: PRISON MINISTRY | $500 |
PLOWSHARE PEACE CENTER PURPOSE: SOCIAL SERVICES CENTER | $500 |
ROTARY FOUNDATION PURPOSE: DISASTER RELIEF | $500 |
VIRGINIA ORGANIZING PURPOSE: LANGUAGE PROJECT | $500 |
HOPE TO WALK PURPOSE: HELPING INJURED TO WALK | $500 |