Civic Intelligence

New Horizons Foundation

990 • Fiscal year 2013 • EIN 14-1743515

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 31, 2014

123 West Road12569

(845) 473-3000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

78th percentile

$66,670

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 26.4% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

60th percentile

6.0%

Faster asset growth than 60% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$677,564

Up $38,605 (+6.0%) from 2012

Net Assets

Up

$674,007

Up $39,635 (+6.2%) from 2012

Liabilities

Down

$3,557

Down $1,030 (-22%) from 2012

Revenue

$252,758

No earlier filing loaded for comparison.

Expenses

Down

$211,663

Down $46,937 (-18%) from 2012

Net Income

$41,095

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $915,060Liabilities 2010: $68,513Net Assets 2010: $846,5472010Assets 2011: $757,525Liabilities 2011: $6,037Net Assets 2011: $751,4882011Assets 2012: $638,959Liabilities 2012: $4,587Net Assets 2012: $634,3722012Assets 2013: $677,564Liabilities 2013: $3,557Net Assets 2013: $674,0072013Assets 2014: $658,869Liabilities 2014: $4,103Net Assets 2014: $654,7662014Assets 2015: $622,643Liabilities 2015: $10,201Net Assets 2015: $612,4422015Assets 2016: $633,606Liabilities 2016: $7,551Net Assets 2016: $626,0552016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2013

Assets$677,564
Liabilities$3,557
Net Assets$674,007

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $193,7982010Expenses 2011: $220,4982011Expenses 2012: $258,6002012Revenue 2013: $252,758Expenses 2013: $211,663Net Income 2013: $41,0952013Revenue 2014: $100,468Expenses 2014: $119,935Net Income 2014: -$19,4672014Revenue 2015: $86,979Expenses 2015: $127,769Net Income 2015: -$40,7902015Revenue 2016: $136,110Expenses 2016: $118,213Net Income 2016: $17,8972016Revenue 2017: $70,493Expenses 2017: $697,511Net Income 2017: -$627,0182017

Highlighted filing

2013

Revenue$252,758
Expenses$211,663
Net Income$41,095
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 31, 2014
Return Version
2013v3.0
Gross Receipts
$282,434
Mission and Program Overview

Mission

New Horizons Foundation was organized to raise funds and provide a continual financial source for the benefit of individuals with developmental disabilities by contributing monies and assets to New Horizons Resources, Inc. a related organization.

New Horizons Foundation was organized to raise funds and provide a continual financial source for the benefit of individuals with developmental disabilities by contributing monies and assets to New Horizons Resources, Inc., a related organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$318,760$320,274▲ $1,514
Cash and Non-Interest-Bearing Accounts$145,137$226,511▲ $81,374
Pledges and Grants Receivable$113,632$69,626▼ $44,006
Investments in Publicly Traded Securities$27,997$20,273▼ $7,724
Prepaid Expenses and Deferred Charges$2,585$3,735▲ $1,150
Investments Other Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Total Assets$638,959$677,564▲ $38,605
Other Assets Total$30,848$37,145▲ $6,297
Liabilities
Other Liabilities$3,281$3,557▲ $276
Accounts Payable and Accrued Expenses$1,306$0▼ $1,306
Total Liabilities$4,587$3,557▼ $1,030
Net Assets / Fund Balance
Unrestricted Net Assets$374,165$449,494▲ $75,329
Temporarily Rstr Net Assets$210,207$174,513▼ $35,694
Permanently Rstr Net Assets$50,000$50,000→ $0
Total Net Assets Fund Balance$634,372$674,007▲ $39,635
Total Liabilities and Net Assets / Fund Balance$638,959$677,564▲ $38,605

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$37,145--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Elizabeth CookinhamFoundation DirectorFT$66,670$66,670

Board Members and Trustees

NameTitle
Donna SeelbachBoard President
Richard OlsonBoard Vice-President
Bob BazarganBoard Member
Chelen ReyesBoard Member
George DeckerBoard Member
Julia KesslerBoard Member
Justin VaruzzoBoard Member
Kelly TraverBoard Member
Lisa LombardoBoard Member
Mark DeGiacomoBoard Member
Mary Jean Skelly MillerBoard Member
Michael CunninghamBoard Member
Sean JonesBoard Member
Stephen HillBoard Member
Stephen ReverriBoard Member
Susan HochhauserBoard Member
William BeattieBoard Member
Christopher LapineBoard Secretary/Treasurer (incoming)
Rita McPeckBoard Secretary/Treasurer (outgoing)
Revenue and Support

Revenue Composition

Contributions and Grants
$251,992
Program Service Revenue
$0
Investment Income
$1,811
Other Revenue
$-1,045
All Other Contributions
$179,242
Change in Net Assets
$41,095

Audited Revenue Reconciliation

Revenue per Audited Statements
$252,758
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$28,218
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$280,976
Total Revenue per Form 990
$252,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$199,196
Other Expenses$12,467
Total Fundraising Expense$4,464
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$186,000--$186,000
Grants to Domestic Individuals$13,196--$13,196
Office Expenses-$2,711$4,464$7,175
Fees for Services Accounting-$5,212-$5,212
Conferences and Meetings-$80$0$80
Total Functional Expenses$199,196$8,003$4,464$211,663

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$241,339
Expenses per Audited Statements$211,663
Total Expenses per Form 990$211,663
Expenses Not Reported on Form 990$29,676
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
52-4862107--Proceeds from capital campaign for acquisition and development of administrative/professional development facility.$144,000
52-4862107--General Operating Support$42,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$29,676
Fundraising Gross Income$28,631
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$67,717$18,942$9,424$9,518
Event 2$20,799$8,254$0$8,254
Total Events$101,381$28,631$29,676$-1,045
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to related party$3,557
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990, Part VI, Section B, line 11b- Form 990 was reviewed by an independent public accountant and presented to the Foundation Director and the members of the Board of Directors.

Form 990, Part VI, Section B, Line 12C

Form 990, Part VI, Section B, line 12c- In accordance with the corporate compliance plan of New Horizons Resources, Inc., a related organization, members of the Board of Directors of New Horizons Foundation complete a Conflict of Interest Disclosure Statement.

Form 990, Part VI, Section B, Line 15

Form 990, Part VI, Section B, Line 15-Compensation of the Foundation Director is approved and paid by New Horizons Resources, Inc., a related organization, and is evidenced by a written contract. For all positions, the organization utilizes salary surveys in determining competitive compensation relative to industry, size of organization, geographic location and function.

Form 990, Part VI, Section C, Line 19

Form 990, Part VI, Section C, Line 19- Copies of the organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

EIN
14-1743515
Phone
8454733000

Signing Officer

Name
Elizabeth Cookinham
Title
Foundation Director
Phone
8454733000
Signed
2014-07-31

Organization Details

Principal Officer
Elizabeth Cookinham
Formed
1991
Legal Domicile
Ny
Voting Board Members
19
Independent Board Members
18
Employees
0
Volunteers
10
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

Schedule D, Part X, Line 2- Under Accounting Standards Codification (ASC) Section 740, the tax status of tax-exempt entities is an uncertain tax position, since events could potentially occur that jeopardize tax-exempt status. Management of the Foundation is not aware of any events that could jeopardize tax-exempt status. Therefore, no liability or provision for income tax has been reflected in the financial statements. The Foundation is subject to routine audits by taxation jurisdictions; however, there are no audits for any tax periods in progress. The Foundation administrator believes it is no longer subject to income tax examinations for years prior to 2010.

Schedule D, Part XI, Line 2D

Fundraising- direct expenses

Schedule D, Part XII, Line 2D

Fundraising- direct expenses

Raw XML AppendixShowing 400 of 637 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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