The New Horizons Foundation Inc
- Assets
- $90.6m
- Revenue
- $42.7m
- Investments
- $33.3m
- Employees
- 16
- Location
- Colorado Springs, CO
- Founding
- 07/1990
- Data as of
- 12/2021
- EIN
- 84-1123082
Organization Overview
The New Horizons Foundation Inc is located in Colorado Springs, CO. The organization was established in 1990. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, New Horizons Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Horizons Foundation Inc 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 12/2021, New Horizons Foundation Inc generated $42.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $32.7m during the year ending 12/2021. While expenses have increased by 15.6% per year over the past 7 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.
Since 2021, New Horizons Foundation Inc has awarded 137 individual grants totaling $10,702,269. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECTIVE OF NEW HORIZONS FOUNDATION IS TO HELP INDIVIDUALS ACCOMPLISH THEIR CHARITABLE OBJECTIVES IN RELIGIOUS, EDUCATIONAL, SCIENTIFIC, BENEVOLENT AND HEALTH RELATED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELP INDIVIDUALS ACCOMPLISH THEIR CHARITABLE OBJECTIVES IN RELIGIOUS, EDUCATIONAL, SCIENTIFIC, BENEVOLENT AND HEALTH RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
V William Moritz Vp/executive Director | OfficerTrustee | 40 | $140,886 |
Chris Rosenhahn Corporate Secretary | Officer | 40 | $92,413 |
Steve Prensner President | OfficerTrustee | 40 | $92,389 |
Gary Daniel Treasurer | OfficerTrustee | 1 | $0 |
Lauren Libby Board Chairman | OfficerTrustee | 1 | $0 |
Ronald Halverson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,360 |
| Related organizations | $0 |
| Government grants | $189,328 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,283,630 |
| Noncash contributions included in lines 1a–1f | $2,399,509 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,511,318 |
| Total Program Service Revenue | $0 |
| Investment income | $3,074,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,146,697 |
| Net Income from Fundraising Events | -$10,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,722,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,812,269 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,534,823 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $475,416 |
| Compensation of current officers, directors, key employees. | $332,791 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $533,244 |
| Pension plan accruals and contributions | $33,350 |
| Other employee benefits | $180,670 |
| Payroll taxes | $53,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| Fees for services: Accounting | $28,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $275,605 |
| Advertising and promotion | $6,950 |
| Office expenses | $73,703 |
| Information technology | $164,320 |
| Royalties | $0 |
| Occupancy | $100,133 |
| Travel | $18,185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,516 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $873 |
| Insurance | $14,013 |
| All other expenses | $530 |
| Total functional expenses | $32,726,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,277,818 |
| Savings and temporary cash investments | $4,490,152 |
| 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 | $40,790 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,936 |
| Net Land, buildings, and equipment | $837,162 |
| Investments—publicly traded securities | $44,561,270 |
| Investments—other securities | $33,335,818 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,522 |
| Total assets | $90,565,468 |
| Accounts payable and accrued expenses | $7,786 |
| 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 | $7,786 |
| Net assets without donor restrictions | $65,554,906 |
| Net assets with donor restrictions | $25,002,776 |
| 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 | $90,565,468 |
Grants Awarded
Over the last fiscal year, The New Horizons Foundation Inc has awarded $10,702,269 in support to 137 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: PROGRAM SUPPORT | $2,563,435 |
Rancho Santa Margarita, CA PURPOSE: PROGRAM SUPPORT | $2,000,000 |
Colorado Springs, CO PURPOSE: PROGRAM SUPPORT | $1,307,783 |
Woodland Park, CO PURPOSE: PROGRAM SUPPORT | $855,060 |
Indianapolis, IN PURPOSE: PROGRAM SUPPORT | $257,310 |
Dawsonville, GA PURPOSE: PROGRAM SUPPORT | $240,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The New Horizons Foundation Inc has recieved totaling $42,400.
| Awarding Organization | Amount |
|---|---|
T I H Foundation Eden Prairie, MN PURPOSE: GENERAL | $32,400 |
The Henderson Family Kingdom Collection Foundation Wilmington, DE PURPOSE: FOR THE SUPPORT OF BLOOM COACHING | $4,000 |
Wittnam Family Foundation Greeley, CO PURPOSE: CHARITABLE | $3,000 |
Getsch Charitable Tr North Oaks, MN PURPOSE: MINISTRY SUPPORT/GENERAL FUND | $2,500 |
Growing Hope Foundation Owatonna, MN PURPOSE: SUPPORT AND ASSIST ADOPTIVE PARENTS RAISING CHILDREN THAT HAVE EXPERIENCED EARLY TRAUMAS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Of The Sun United Way Phoenix, AZ | $104,098,931 | $79,942,536 |
Nebraska Children And Families Foundation Lincoln, NE | $60,865,953 | $72,528,420 |
Peter Kiewit Foundation Omaha, NE | $431,803,629 | $21,833,373 |
United Way Of The Midlands Omaha, NE | $22,649,944 | $36,718,233 |
Mile High United Way Inc Denver, CO | $62,814,897 | $36,182,511 |
The New Horizons Foundation Inc Colorado Springs, CO | $90,565,468 | $42,722,124 |
Jewish Federation Of Omaha Inc Omaha, NE | $53,867,184 | $39,560,353 |
Tulsa Area United Way Tulsa, OK | $38,352,626 | $26,094,881 |
Jewish Community Center Of Greater Kansas City Overland Park, KS | $12,170,209 | $16,836,609 |
United Way Of Central Oklahoma Oklahoma City, OK | $31,400,744 | $22,733,637 |
United Way Of Central New Mexico Albuquerque, NM | $25,758,904 | $18,629,053 |
United Way Of The Plains Wichita, KS | $26,271,888 | $15,996,345 |