Civic Intelligence

New Horizon Irvine Educational Foundation

990 • Fiscal year 2020 • EIN 27-0810146

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 28, 2021

Organization ProfileN/A
1 Truman StIrvine, CA 92620

(949) 231-8956

Siviq Scores

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

Liabilities / Assets

58th percentile

0.36x

Higher debt load relative to assets than 58% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

2.76x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

52nd percentile

7.7%

Faster asset growth than 52% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

204%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$31,016,944

Up $2,223,207 (+7.7%) from 2019

Net Assets

Up

$19,891,444

Up $2,414,880 (+14%) from 2019

Liabilities

Down

$11,125,500

Down $191,673 (-1.7%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin94th percentile

Revenue

Up

$4,024,560

Up $2,701,923 (+204%) from 2019

Expenses

Up

$1,431,445

Up $352,477 (+33%) from 2019

Net Income

Up

$2,593,115

Up $2,349,446 (+964%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$40M$30M$20M$10M$0Assets 2011: $655,017Liabilities 2011: $0Net Assets 2011: $655,0172011Assets 2012: $4,534,549Liabilities 2012: $598,801Net Assets 2012: $3,935,7482012Assets 2013: $4,559,094Liabilities 2013: $1,120,848Net Assets 2013: $3,438,2462013Assets 2014: $4,677,445Liabilities 2014: $1,074,775Net Assets 2014: $3,602,6702014Assets 2015: $6,067,802Liabilities 2015: $1,344,225Net Assets 2015: $4,723,5772015Assets 2016: $8,327,489Liabilities 2016: $1,485,530Net Assets 2016: $6,841,9592016Assets 2017: $17,150,773Liabilities 2017: $3,476,378Net Assets 2017: $13,674,3952017Assets 2018: $28,288,867Liabilities 2018: $11,598,247Net Assets 2018: $16,690,6202018Assets 2019: $28,793,737Liabilities 2019: $11,317,173Net Assets 2019: $17,476,5642019Assets 2020: $31,016,944Liabilities 2020: $11,125,500Net Assets 2020: $19,891,4442020Assets 2021: $30,602,768Liabilities 2021: $8,504,665Net Assets 2021: $22,098,1032021Assets 2022: $31,524,236Liabilities 2022: $10,705,297Net Assets 2022: $20,818,9392022Assets 2023: $31,506,755Liabilities 2023: $10,479,856Net Assets 2023: $21,026,8992023Assets 2024: $38,234,744Liabilities 2024: $10,240,471Net Assets 2024: $27,994,2732024

Highlighted filing

2020

Assets$31,016,944
Liabilities$11,125,500
Net Assets$19,891,444
Open 2020 Filing

Operations Trend

Revenue Growth97th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $941,9162011Expenses 2012: $148,2482012Revenue 2013: $709,320Expenses 2013: $89,000Net Income 2013: $620,3202013Revenue 2014: $339,973Expenses 2014: $54,771Net Income 2014: $285,2022014Revenue 2015: $1,439,387Expenses 2015: $228,743Net Income 2015: $1,210,6442015Revenue 2016: $2,134,358Expenses 2016: $146,770Net Income 2016: $1,987,5882016Revenue 2017: $3,498,883Expenses 2017: $415,634Net Income 2017: $3,083,2492017Revenue 2018: $3,638,367Expenses 2018: $353,263Net Income 2018: $3,285,1042018Revenue 2019: $1,322,637Expenses 2019: $1,078,968Net Income 2019: $243,6692019Revenue 2020: $4,024,560Expenses 2020: $1,431,445Net Income 2020: $2,593,1152020Revenue 2021: $2,174,747Expenses 2021: $888,807Net Income 2021: $1,285,9402021Revenue 2022: $635,378Expenses 2022: $1,039,945Net Income 2022: -$404,5672022Revenue 2023: $935,196Expenses 2023: $877,429Net Income 2023: $57,7672023Revenue 2024: $7,085,033Expenses 2024: $932,259Net Income 2024: $6,152,7742024

Highlighted filing

2020

Revenue$4,024,560
Expenses$1,431,445
Net Income$2,593,115
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 28, 2021
Return Version
2020v4.1
Gross Receipts
$4,074,289
Mission and Program Overview

Mission

The mission of the foundation is to solicit, receive, manage and disburse funds for the advancement of the interest of the new horizon elementary school of irvine.

Advancement of the interest of new horizon school irvine

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,091,217$24,688,619▼ $402,598
Investments Other Securities$694,436$4,101,413▲ $3,406,977
Investments in Publicly Traded Securities$2,076,995$1,733,697▼ $343,298
Cash and Non-Interest-Bearing Accounts$729,017$296,185▼ $432,832
Loans From Officers Directors$1,350,000$250,000▼ $1,100,000
Accounts Receivable$52,215$149,817▲ $97,602
Savings and Temporary Cash Investments$149,857$47,213▼ $102,644
Total Assets$28,793,737$31,016,944▲ $2,223,207
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,079,130$10,166,441▲ $1,087,311
Unsecured Notes Loans Payable$710,855$453,599▼ $257,256
Deferred Revenue-$215,000-
Accounts Payable and Accrued Expenses$177,188$40,460▼ $136,728
Total Liabilities$11,317,173$11,125,500▼ $191,673
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,439,064$19,891,444▲ $2,452,380
Net Assets With Donor Restrictions$37,500$0▼ $37,500
Total Net Assets Fund Balance$17,476,564$19,891,444▲ $2,414,880
Total Liabilities and Net Assets / Fund Balance$28,793,737$31,016,944▲ $2,223,207

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,405,895$759,962$17,165,857
Land$8,194,270-$4,091,590
Equipment$88,454$37,169$125,623
Other Securities$3,400,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$2,742,074$3,400,000▼ $127,338$1,304,151$4,710,585
2019$2,467,598-▲ $388,154$103,479$2,742,074
2018$2,736,047-▼ $134,979$-121,198$2,467,598
2017$2,495,233-▲ $368,698$-115,713$2,736,047
2016$1,702,191$584,834▲ $438,886$-219,443$2,495,233
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Magdy EletrebyChair
Iman OzgurVice Chair
Yehia DajaniTrustee
Yasmine Abdel-aalSecretary
Motasem BenothmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,888,665
Program Service Revenue
$0
Investment Income
$50,895
Other Revenue
$85,000
All Other Contributions
$3,888,665
Change in Net Assets
$2,593,115

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Secur Prtnrshp Trust Intrsts1$3,400,000Fair Market Value (FMV)
Total Noncash Contributions1$3,400,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,020,236
Revenue Not Reported on Financial Statements
$4,324
Revenue Not Reported on Form 990
$-133,546
Total Revenue per Audited Statements
$3,886,690
Total Revenue per Form 990
$4,024,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,288,701
Grants and Similar Amounts Paid$142,744
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$523,219--$523,219
Depreciation Depletion$459,848--$459,848
Grants to Domestic Orgs$142,744--$142,744
Fees for Services Accounting-$5,260-$5,260
Fees for Service Investment Mgmnt Fees-$4,324-$4,324
Insurance-$4,101-$4,101
Other Expenses$14,600$1,800-$1,800
Fees for Services Legal-$161-$161
Total Functional Expenses$1,209,694$221,751$0$1,431,445

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,471,808
Total Expenses per Form 990$1,431,445
Expenses per Audited Statements$1,427,121
Expenses Not Reported on Form 990$44,687
Expenses Not Reported on Financial Statements$4,324
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Horizon Irvine SchoolIrvine, CA501(c)(3)FOR THE SCHOOL'S OPERATION.$142,744
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,350,000$250,000▼ $1,100,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
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 A, Line 1

“In the event that the board determines that the management of the corporation would be benefitted by the establishment of one (1) or more standing or special committees, the board, may from time to time establish one (1) or more such committees to serve at the pleasure of the board. If required by subdivision (e) of section 12586 of the california government code, the board shall appoint an audit committee in accordance with that subdivision and for the purposes set forth therein. The establishment of a standing or special committee shall be effected by a resolution of the board approved by the vote of the majority of the trustees then in office, which specifically sets forth the powers and duties delegated to such committee. Each such committee shall consist of two (2) or more trustees and shall be presided over by a trustee selected by the board. Appointments to such committees shall also be by a majority vote of the trustees then in office. The term "standing committee or "special committee" shall mean any committee appointed by the board which is authorized by specific delegation, without further board action, to make and implement decisions on behalf of the board, or to implement, with some degree of discretion, decisions of the board pursuant to guidelines established by the board. Notice of, and procedures for, meetings of standing or special committees shall be as prescribed by the chair of each such standing or special committee, and meetings of standing or special committees may be called by the board or the chair of the standing or special committee. A committee exercising the authority of the board shall not include as members persons who are not trustees. However, non-trustees may attend and participate in the meetings of such committees. As provided in section 3.19 of these bylaws, the board may create advisory commissions that do not exercise the authority of the board and these advisory commissions may include persons who are not trustees. No committee of the board, including any executive committee, shall have any of the authority of the board with respect to: (a)the filling of vacancies on the board or on any committee which has the authority of the board; (b)the amendment or repeal of the articles or bylaws or the adoption of new articles or bylaws; (c)the fixing of compensation of the trustees for serving on the board or on any committee which has the authority of the board; (d)the amendment or repeal of any resolution of the board which by its express terms is not so amendable or repealable; (e)the appointment of other committees of the board or the members thereof if such committee will have the authority of the board; (f)the expenditure of corporate funds to support a nominee for trustee after there are more people nominated for trustee than can be elected; (g)the approval of any self-dealing transaction, except that when it is not reasonably practicable to obtain approval of the board prior to entering into such a transaction, a committee authorized by the board may approve the transaction in a manner consistent with the standards set forth in section 5233(d) of the law subject to ratification by a majority of the trustees then in office (without counting the vote of any "interested director" as defined in section 5233 of the law) at the next meeting of the board; or (h)the approval of any other action for which the law or these bylaws requires approval of the board, a majority of the board or the sole corporate member.”

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

“The return is prepared by the foundation's outside public accounting firm based on information provided by the organization and any changes to the filing are incorporated into the return after management's review. All members of the board of directors are provided a copy of the form 990 before filing.”

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

“A conflict of interest arises in any situation in which a director's other involvements (financial interests, family relationships, political, or charitable activities, etc.) could adversely affect his or her judgment with respect to the business of the foundation or otherwise diminish the interest of the organization. When such a conflict arises the director with the conflict is expected to disclose in writing the existence of the conflict and recuse him or herself from any board discussions or votes that are directly related to the conflict.”

Form 990, Part VI, Section B, Line 15

“The foundation does not have any compensated employees.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
New Horizon Irvine Educational
EIN
27-0810146
Phone
9492318956
Address
1 TRUMAN ST, IRVINE, CA 92620

Signing Officer

Name
Magdy Eletreby
Title
Chairman
Phone
9492318956
Signed
2021-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Magdy Eletreby
Formed
2009
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
Cliftonlarsonallen Llp
Address
301 NORTH LAKE AVENUE SUITE 900, PASADENA, CA 91101
Preparer
Karen Lo
Phone
6267933600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The board of directors assumes responsibility for the oversight of the audit as well as the selection of an independent auditor.”

Form 990, Part IX

“All direct fundraising costs are paid by the school.”

Financial Statement Notes

PART V, LINE 4:

“Nhief's endowment consists of a board-designated endowment fund established for 1. Providing tuition adjustment for students with limited financial means; 2. Projects that promote the school mission and philosophy; 3. Acquiring assets to help in the school's educational or extracurricular programs and 4. Provide emergency and temporary cash flow relief in terms of a short term interest free loan and / or grants to the school.”

PART X, LINE 2:

“The foundation has been granted exemption from income tax under sections 501(c)(3) of the internal revenue code and 23701(d) of the california revenue and taxation code. U.s. Gaap provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes all of the positions taken by nhief are more likely than not to be sustained upon examination.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“IMPUTED INTEREST 44,687.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“IMPUTED INTEREST 44,687.”

Raw XML AppendixShowing 400 of 505 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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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE FOUNDATION IS TO SOLICIT, RECEIVE, MANAGE AND DISBURSE FUNDS FOR THE ADVANCEMENT OF THE INTEREST OF THE NEW HORIZON SCHOOL IRVINE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt09079130
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010166441
IRS990/NetAssetsOrFundBalancesBOYAmt017476564
IRS990/NetAssetsOrFundBalancesEOYAmt019891444
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0929
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0929
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-178233
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt017439064
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt019891444
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt03400000
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK CHARGE
IRS990/OtherExpensesGrp/Desc1PROPERTY TAX
IRS990/OtherExpensesGrp/Desc2REPAIR & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3TAXES AND LICENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0206105
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11800
IRS990/OtherExpensesGrp/ProgramServicesAmt069283
IRS990/OtherExpensesGrp/ProgramServicesAmt114600
IRS990/OtherExpensesGrp/TotalAmt0206105
IRS990/OtherExpensesGrp/TotalAmt169283
IRS990/OtherExpensesGrp/TotalAmt214600
IRS990/OtherExpensesGrp/TotalAmt31800
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt085000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt085000
IRS990/OtherRevenueTotalAmt085000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MAGDY ELETREBY
IRS990/PriorPeriodAdjustmentsAmt0-2
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01153788
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0100782
IRS990/PYInvestmentIncomeAmt095879
IRS990/PYOtherExpensesAmt0978186
IRS990/PYOtherRevenueAmt072970
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0243669
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01078968
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01322637
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02593115
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0149857
IRS990/SavingsAndTempCashInvstGrp/EOYAmt047213
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION: CASH DATE: 12/31/16 AMOUNT: 1200000. DESCRIPTION: CASH DATE: 12/31/17 AMOUNT: 2000000. DESCRIPTION: CASH DATE: 12/31/18 AMOUNT: 2500000. DESCRIPTION: CASH DATE: 12/31/19 AMOUNT: 500000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03888665
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0653788
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01033741
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01379675
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0852091
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07807960
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt049966
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt049721
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt053673
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt035361
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt082267
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0270988
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt085000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt072970
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0146
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt010167
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0168283
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.46180
IRS990ScheduleA/PublicSupportPY170Pct00.65620
IRS990ScheduleA/PublicSupportTotal170Amt03808681
IRS990ScheduleA/SubstantialContributorsTotAmt03999279
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03888665
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0653788
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01033741
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01379675
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0852091
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07807960
IRS990ScheduleA/TotalSupportAmt08247231
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt016405895
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0759962
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017165857
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02742074
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt03400000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04710585
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-127338
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01304151
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt010199
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02467598
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02742074
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0388154
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0103479
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-12272
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02736047
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02467598
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-134979
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0-121198
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0-12171
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02495233
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02736047
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0368698
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0-115713
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0-11235
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01702191
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0584834
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02495233
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0438886
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0-219443
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt088454
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037169
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0125623
IRS990ScheduleD/ExpensesNotReportedAmt044687
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04324
IRS990ScheduleD/ExpensesSubtotalAmt01427121
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt04324
IRS990ScheduleD/InvestmentExpensesNotIncldAmt04324
IRS990ScheduleD/LandGrp/BookValueAmt08194270
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04102680
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04091590
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-178233
IRS990ScheduleD/OtherExpensesIncludedAmt044687
IRS990ScheduleD/OtherRevenueAmt044687
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0701413
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt13400000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PARTNERSHIP INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1LIMITED PARTNERSHIP
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0-133546
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt04324
IRS990ScheduleD/RevenueSubtotalAmt04020236
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NHIEF'S ENDOWMENT CONSISTS OF A BOARD-DESIGNATED ENDOWMENT FUND ESTABLISHED FOR 1. PROVIDING TUITION ADJUSTMENT FOR STUDENTS WITH LIMITED FINANCIAL MEANS; 2. PROJECTS THAT PROMOTE THE SCHOOL MISSION AND PHILOSOPHY; 3. ACQUIRING ASSETS TO HELP IN THE SCHOOL'S EDUCATIONAL OR EXTRACURRICULAR PROGRAMS AND 4. PROVIDE EMERGENCY AND TEMPORARY CASH FLOW RELIEF IN TERMS OF A SHORT TERM INTEREST FREE LOAN AND / OR GRANTS TO THE SCHOOL.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS BEEN GRANTED EXEMPTION FROM INCOME TAX UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. U.S. GAAP PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES ALL OF THE POSITIONS TAKEN BY NHIEF ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2IMPUTED INTEREST 44,687.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3IMPUTED INTEREST 44,687.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024688619
IRS990ScheduleD/TotalBookValueSecuritiesAmt04101413
IRS990ScheduleD/TotalExpensesPerForm990Amt01431445
IRS990ScheduleD/TotalRevenuePerForm990Amt04024560
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03886690
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01471808
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0142744
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FOR THE SCHOOL'S OPERATION.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NEW HORIZON IRVINE SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0474225372
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01 TRUMAN ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0IRVINE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd092620
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0250000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0ADVANCE FOR OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0250000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MAGDY ELETREBY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CHAIR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0250000
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/ContributionCnt01
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NoncashContributionsRptF990Amt03400000
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF TRANSACTION.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN THE EVENT THAT THE BOARD DETERMINES THAT THE MANAGEMENT OF THE CORPORATION WOULD BE BENEFITTED BY THE ESTABLISHMENT OF ONE (1) OR MORE STANDING OR SPECIAL COMMITTEES, THE BOARD, MAY FROM TIME TO TIME ESTABLISH ONE (1) OR MORE SUCH COMMITTEES TO SERVE AT THE PLEASURE OF THE BOARD. IF REQUIRED BY SUBDIVISION (E) OF SECTION 12586 OF THE CALIFORNIA GOVERNMENT CODE, THE BOARD SHALL APPOINT AN AUDIT COMMITTEE IN ACCORDANCE WITH THAT SUBDIVISION AND FOR THE PURPOSES SET FORTH THEREIN. THE ESTABLISHMENT OF A STANDING OR SPECIAL COMMITTEE SHALL BE EFFECTED BY A RESOLUTION OF THE BOARD APPROVED BY THE VOTE OF THE MAJORITY OF THE TRUSTEES THEN IN OFFICE, WHICH SPECIFICALLY SETS FORTH THE POWERS AND DUTIES DELEGATED TO SUCH COMMITTEE. EACH SUCH COMMITTEE SHALL CONSIST OF TWO (2) OR MORE TRUSTEES AND SHALL BE PRESIDED OVER BY A TRUSTEE SELECTED BY THE BOARD. APPOINTMENTS TO SUCH COMMITTEES SHALL ALSO BE BY A MAJORITY VOTE OF THE TRUSTEES THEN IN OFFICE. THE TERM "STANDING COMMITTEE OR "SPECIAL COMMITTEE" SHALL MEAN ANY COMMITTEE APPOINTED BY THE BOARD WHICH IS AUTHORIZED BY SPECIFIC DELEGATION, WITHOUT FURTHER BOARD ACTION, TO MAKE AND IMPLEMENT DECISIONS ON BEHALF OF THE BOARD, OR TO IMPLEMENT, WITH SOME DEGREE OF DISCRETION, DECISIONS OF THE BOARD PURSUANT TO GUIDELINES ESTABLISHED BY THE BOARD. NOTICE OF, AND PROCEDURES FOR, MEETINGS OF STANDING OR SPECIAL COMMITTEES SHALL BE AS PRESCRIBED BY THE CHAIR OF EACH SUCH STANDING OR SPECIAL COMMITTEE, AND MEETINGS OF STANDING OR SPECIAL COMMITTEES MAY BE CALLED BY THE BOARD OR THE CHAIR OF THE STANDING OR SPECIAL COMMITTEE. A COMMITTEE EXERCISING THE AUTHORITY OF THE BOARD SHALL NOT INCLUDE AS MEMBERS PERSONS WHO ARE NOT TRUSTEES. HOWEVER, NON-TRUSTEES MAY ATTEND AND PARTICIPATE IN THE MEETINGS OF SUCH COMMITTEES. AS PROVIDED IN SECTION 3.19 OF THESE BYLAWS, THE BOARD MAY CREATE ADVISORY COMMISSIONS THAT DO NOT EXERCISE THE AUTHORITY OF THE BOARD AND THESE ADVISORY COMMISSIONS MAY INCLUDE PERSONS WHO ARE NOT TRUSTEES. NO COMMITTEE OF THE BOARD, INCLUDING ANY EXECUTIVE COMMITTEE, SHALL HAVE ANY OF THE AUTHORITY OF THE BOARD WITH RESPECT TO: (A)THE FILLING OF VACANCIES ON THE BOARD OR ON ANY COMMITTEE WHICH HAS THE AUTHORITY OF THE BOARD; (B)THE AMENDMENT OR REPEAL OF THE ARTICLES OR BYLAWS OR THE ADOPTION OF NEW ARTICLES OR BYLAWS; (C)THE FIXING OF COMPENSATION OF THE TRUSTEES FOR SERVING ON THE BOARD OR ON ANY COMMITTEE WHICH HAS THE AUTHORITY OF THE BOARD; (D)THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD WHICH BY ITS EXPRESS TERMS IS NOT SO AMENDABLE OR REPEALABLE; (E)THE APPOINTMENT OF OTHER COMMITTEES OF THE BOARD OR THE MEMBERS THEREOF IF SUCH COMMITTEE WILL HAVE THE AUTHORITY OF THE BOARD; (F)THE EXPENDITURE OF CORPORATE FUNDS TO SUPPORT A NOMINEE FOR TRUSTEE AFTER THERE ARE MORE PEOPLE NOMINATED FOR TRUSTEE THAN CAN BE ELECTED; (G)THE APPROVAL OF ANY SELF-DEALING TRANSACTION, EXCEPT THAT WHEN IT IS NOT REASONABLY PRACTICABLE TO OBTAIN APPROVAL OF THE BOARD PRIOR TO ENTERING INTO SUCH A TRANSACTION, A COMMITTEE AUTHORIZED BY THE BOARD MAY APPROVE THE TRANSACTION IN A MANNER CONSISTENT WITH THE STANDARDS SET FORTH IN SECTION 5233(D) OF THE LAW SUBJECT TO RATIFICATION BY A MAJORITY OF THE TRUSTEES THEN IN OFFICE (WITHOUT COUNTING THE VOTE OF ANY "INTERESTED DIRECTOR" AS DEFINED IN SECTION 5233 OF THE LAW) AT THE NEXT MEETING OF THE BOARD; OR (H)THE APPROVAL OF ANY OTHER ACTION FOR WHICH THE LAW OR THESE BYLAWS REQUIRES APPROVAL OF THE BOARD, A MAJORITY OF THE BOARD OR THE SOLE CORPORATE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS PREPARED BY THE FOUNDATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION AND ANY CHANGES TO THE FILING ARE INCORPORATED INTO THE RETURN AFTER MANAGEMENT'S REVIEW. ALL MEMBERS OF THE BOARD OF DIRECTORS ARE PROVIDED A COPY OF THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A CONFLICT OF INTEREST ARISES IN ANY SITUATION IN WHICH A DIRECTOR'S OTHER INVOLVEMENTS (FINANCIAL INTERESTS, FAMILY RELATIONSHIPS, POLITICAL, OR CHARITABLE ACTIVITIES, ETC.) COULD ADVERSELY AFFECT HIS OR HER JUDGMENT WITH RESPECT TO THE BUSINESS OF THE FOUNDATION OR OTHERWISE DIMINISH THE INTEREST OF THE ORGANIZATION. WHEN SUCH A CONFLICT ARISES THE DIRECTOR WITH THE CONFLICT IS EXPECTED TO DISCLOSE IN WRITING THE EXISTENCE OF THE CONFLICT AND RECUSE HIM OR HERSELF FROM ANY BOARD DISCUSSIONS OR VOTES THAT ARE DIRECTLY RELATED TO THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION DOES NOT HAVE ANY COMPENSATED EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DIRECT FUNDRAISING COSTS ARE PAID BY THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEW HORIZON IRVINE EDUCATIONAL FOUNDATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1NEW HORIZON IRVINE EDUCATIONAL FOUNDATION

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,016,944
Liabilities
$11,125,500
Net assets
$19,891,444
Revenue
$4,024,560
Expenses
$1,431,445
Net income
$2,593,115
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$38.2$10.2$28.0$7.09$0.93$6.15
2023Detailed filing. Detailed filing data is available for this year.$31.5$10.5$21.0$0.94$0.88$0.06
2022Detailed filing. Detailed filing data is available for this year.$31.5$10.7$20.8$0.64$1.04$0.40
2021Detailed filing. Detailed filing data is available for this year.$30.6$8.50$22.1$2.17$0.89$1.29
2020Detailed filing. Detailed filing data is available for this year.$31.0$11.1$19.9$4.02$1.43$2.59
2019Detailed filing. Detailed filing data is available for this year.$28.8$11.3$17.5$1.32$1.08$0.24
2018Detailed filing. Detailed filing data is available for this year.$28.3$11.6$16.7$3.64$0.35$3.29
2017Detailed filing. Detailed filing data is available for this year.$17.2$3.48$13.7$3.50$0.42$3.08
2016Detailed filing. Detailed filing data is available for this year.$8.33$1.49$6.84$2.13$0.15$1.99
2015Detailed filing. Detailed filing data is available for this year.$6.07$1.34$4.72$1.44$0.23$1.21
2014Detailed filing. Detailed filing data is available for this year.$4.68$1.07$3.60$0.34$0.05$0.29
2013Detailed filing. Detailed filing data is available for this year.$4.56$1.12$3.44$0.71$0.09$0.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.53$0.60$3.94$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.00$0.66$0.94