Civic Intelligence

The New Horizons Foundation Inc.

990 • Fiscal year 2017 • EIN 84-1123082

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

5550 Tech Center Dr Suite 303Colorado Springs, CO 80919

(719) 260-1213

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

5th percentile

0.01x

Higher debt load relative to revenue than 5% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

89th percentile

44%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

8th percentile

$121,049

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

93rd percentile

36%

Faster asset growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

89th percentile

56%

Faster revenue growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Up

$51,430,304

Up $13,631,639 (+36%) from 2016

Net Assets

Up

$51,194,699

Up $13,396,034 (+35%) from 2016

Liabilities

Up

$235,605

Up $235,605 from 2016

Revenue

Up

$30,206,064

Up $10,903,184 (+56%) from 2016

Expenses

Up

$16,984,942

Up $1,541,647 (+10.0%) from 2016

Net Income

Up

$13,221,122

Up $9,361,537 (+243%) from 2016

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $16,695,696Liabilities 2010: $125,705Net Assets 2010: $16,569,9912010Assets 2011: $14,820,492Liabilities 2011: $107,103Net Assets 2011: $14,713,3892011Assets 2012: $19,935,359Liabilities 2012: $105,134Net Assets 2012: $19,830,2252012Assets 2013: $26,238,493Liabilities 2013: $120,079Net Assets 2013: $26,118,4142013Assets 2014: $29,209,768Liabilities 2014: $124,771Net Assets 2014: $29,084,9972014Assets 2015: $32,925,568Liabilities 2015: $0Net Assets 2015: $32,925,5682015Assets 2016: $37,798,665Liabilities 2016: $0Net Assets 2016: $37,798,6652016Assets 2017: $51,430,304Liabilities 2017: $235,605Net Assets 2017: $51,194,6992017Assets 2018: $49,833,504Liabilities 2018: $66,304Net Assets 2018: $49,767,2002018Assets 2019: $64,891,160Liabilities 2019: $116,101Net Assets 2019: $64,775,0592019Assets 2020: $70,504,684Liabilities 2020: $192,999Net Assets 2020: $70,311,6852020Assets 2021: $90,565,468Liabilities 2021: $7,786Net Assets 2021: $90,557,6822021Assets 2022: $100,167,136Liabilities 2022: $74,145Net Assets 2022: $100,092,9912022Assets 2023: $104,430,423Liabilities 2023: $21,186Net Assets 2023: $104,409,2372023Assets 2024: $116,268,654Liabilities 2024: $110,692Net Assets 2024: $116,157,9622024

Highlighted filing

2017

Assets$51,430,304
Liabilities$235,605
Net Assets$51,194,699

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $6,431,1412010Revenue 2011: $5,889,522Expenses 2011: $7,359,149Net Income 2011: -$1,469,6272011Expenses 2012: $4,361,3562012Revenue 2013: $13,562,261Expenses 2013: $7,717,395Net Income 2013: $5,844,8662013Revenue 2014: $10,808,683Expenses 2014: $7,992,345Net Income 2014: $2,816,3382014Revenue 2015: $15,762,364Expenses 2015: $11,841,261Net Income 2015: $3,921,1032015Revenue 2016: $19,302,880Expenses 2016: $15,443,295Net Income 2016: $3,859,5852016Revenue 2017: $30,206,064Expenses 2017: $16,984,942Net Income 2017: $13,221,1222017Revenue 2018: $23,818,511Expenses 2018: $20,933,271Net Income 2018: $2,885,2402018Revenue 2019: $35,573,301Expenses 2019: $25,167,407Net Income 2019: $10,405,8942019Revenue 2020: $34,940,824Expenses 2020: $26,576,947Net Income 2020: $8,363,8772020Revenue 2021: $42,722,124Expenses 2021: $32,726,437Net Income 2021: $9,995,6872021Revenue 2022: $56,296,980Expenses 2022: $40,799,043Net Income 2022: $15,497,9372022Revenue 2023: $51,185,720Expenses 2023: $49,085,153Net Income 2023: $2,100,5672023Revenue 2024: $68,690,282Expenses 2024: $50,788,577Net Income 2024: $17,901,7052024

Highlighted filing

2017

Revenue$30,206,064
Expenses$16,984,942
Net Income$13,221,122
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$42,835,440
Mission and Program Overview

Mission

The objective of new horizons foundation is to help individuals accomplish their charitable objectives in religious, educational, scientific, benevolent and health related activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,803,415$27,044,418▲ $8,241,003
Investments Other Securities$11,300,314$13,909,546▲ $2,609,232
Cash and Non-Interest-Bearing Accounts$2,525,875$7,871,926▲ $5,346,051
Savings and Temporary Cash Investments$1,913,192$1,588,148▼ $325,044
Land, Buildings, and Equipment, Net$966,681$965,780▼ $901
Other Notes and Loans Receivable, Net$33,246$33,246→ $0
Prepaid Expenses and Deferred Charges$7,820$9,718▲ $1,898
Total Assets$37,798,665$51,430,304▲ $13,631,639
Other Assets Total$2,248,122$7,522▼ $2,240,600
Liabilities
Accounts Payable and Accrued Expenses-$235,605-
Total Liabilities$0$235,605▲ $235,605
Net Assets / Fund Balance
Unrestricted Net Assets$27,231,217$41,264,674▲ $14,033,457
Temporarily Rstr Net Assets$10,567,448$9,930,025▼ $637,423
Total Net Assets Fund Balance$37,798,665$51,194,699▲ $13,396,034
Total Liabilities and Net Assets / Fund Balance$37,798,665$51,430,304▲ $13,631,639

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,571$4,362$7,933
Buildings$536,294--
Land$425,915--
Other Securities$50,046--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
V William MoritzExecutive DiFT$114,155$6,894$121,049
Chris RosenhahnCorporate SeFT$66,450$21,000$87,450
Steve PrensnerPresidentFT$3,167$7,000$10,167

Board Members and Trustees

NameTitle
Lauren LibbyBoard Chairm
Barbara TompkinsDirector
Dave GreshamDirector
Dr Jerry E WhiteDirector
Gail JonesDirector
Kirk HumphreysDirector
Ronald HalversonDirector
Tom R MadisonDirector
Gary DanielTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$27,884,281
Program Service Revenue
$45,168
Investment Income
$2,185,147
Other Revenue
$91,468
All Other Contributions
$25,999,994
Change in Net Assets
$13,221,122

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded19$1,876,767Quoted Market Prices
Total Noncash Contributions19$1,876,767-

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,985,647
Revenue Not Reported on Financial Statements
$1,220,417
Revenue Not Reported on Form 990
$198,397
Other Revenue Adjustments
$1,136,917
Total Revenue per Audited Statements
$29,184,044
Total Revenue per Form 990
$30,206,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,290,076
Grants and Similar Amounts Paid$8,148,905
Salaries, Compensation, and Employee Benefits$545,961
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,085,595--$6,085,595
Foreign Grants$2,063,310--$2,063,310
Current Officers, Directors, Trustees, and Key Employees-$218,666-$218,666
Other Salaries and Wages-$204,808-$204,808
Information Technology-$101,019-$101,019
Occupancy-$86,157-$86,157
Fees for Service Investment Mgmnt Fees-$83,500-$83,500
Other Employee Benefits-$81,882-$81,882
All Other Expenses-$46,128-$46,128
Office Expenses-$39,307-$39,307
Payroll Taxes-$28,155-$28,155
Fees for Services Accounting-$22,845-$22,845
Travel-$19,437-$19,437
Other Expenses$7,530,224$14,089-$14,089
Conferences and Meetings-$13,063-$13,063
Pension Plan Contributions-$12,450-$12,450
Advertising-$11,153-$11,153
Insurance-$8,610-$8,610
Fees for Services Legal-$8,017-$8,017
Depreciation Depletion-$900-$900
Total Functional Expenses$15,679,129$1,305,813$0$16,984,942

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$16,984,942
Total Expenses per Audited Statements$16,924,927
Expenses per Audited Statements$16,901,442
Expenses Not Reported on Financial Statements$83,500
Expenses Not Reported on Form 990$23,485
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
See Attachment---$6,085,595

International Summary

Spending
$2,072,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesGeneral Support--$583,000
Sub-saharan AfricaProgram ServicesGeneral Support--$583,000
South AsiaProgram ServicesGeneral Support--$525,000
Middle East & North AfricaProgram ServicesGeneral Support--$132,000
South AmericaProgram ServicesGeneral Support--$109,000
Central America and the CaribbeanProgram ServicesGeneral Support--$85,000
EuropeProgram ServicesGeneral Support--$25,000
North AmericaProgram ServicesGeneral Support--$22,000
RussiaProgram ServicesGeneral Support--$8,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$23,485
Fundraising Gross Income$23,485
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Kerus Auction$45,855$23,485$23,485$0
Total Events$45,855$23,485$23,485-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 is provided to the executive committee for review and approval prior to filing.

Form 990, Page 6, Part VI, Line 12C

The organization annually reviews the disclosure forms which board members and employees are required to complete. Any potential conflicts of interest are discussed and resolved by the board of directors.

Form 990, Page 6, Part VI, Line 15A

Compensation for the executive director is established by concensus of the board of directors after reviewing compensation comparability data and is documented in the minutes of the board of director's meeting.

Form 990, Page 6, Part VI, Line 15B

Compensation for other officers or key employees is established by concensus of the board of directors after reviewing compensation comparability data and is documented in the minutes of the board of director's meeting.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy and financial statements of the organization are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
New Horizons Foundation Inc
EIN
84-1123082
Phone
7192601213
Address
5550 TECH CENTER DR SUITE 303, COLORADO SPRINGS, CO 80919

Signing Officer

Name
V William Moritz
Title
Executive Director
Phone
7192601213
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
V William Moritz
Formed
1989
Legal Domicile
Co
Voting Board Members
10
Independent Board Members
9
Employees
11
Volunteers
450

Preparer

Firm
Erickson Brown & Kloster Pc
Address
4565 HILTON PKWY STE 101, COLORADO SPRINGS, CO 80907-3540
Preparer
Deann L Price CPA
Phone
7195310445
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Auction event - reclassifications for schedule g 23,485

Schedule D, Page 4, Part XI, Line 4B

Elimination of consolidation - telios 1,136,917

Schedule D, Page 4, Part XII, Line 2D

Auction event - reclassifications for sch g 23,485

Raw XML AppendixShowing 400 of 696 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/OtherExpensesGrp/Desc3REGISTRATION
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IRS990/OtherRevenueMiscGrp/Desc0ADMIN SUPPORT REVENUE
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IRS990/PrincipalOfficerNm0V WILLIAM MORITZ
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt01913192
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PROGRAM SUPPORT 5,000,000 PROGRAM SUPPORT 1,625,000 PROGRAM SUPPORT 200,000 PROGRAM SUPPORT 178,029 PROGRAM SUPPORT 175,000 PROGRAM SUPPORT 106,000 PROGRAM SUPPORT 100,000 PROGRAM SUPPORT 100,000
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt13677887
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt22240600
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31143225
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt41116077
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5859410
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt6100000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt750046
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INTEREST IN LLC (SANDWORKS)
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INTERESTS IN LLC'S (HUMPHREYS/WELSH)
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INTEREST IN ROONEY ROAD LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc3INTEREST IN LLC - HEDGE FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc4EQUITY PARTICIPATION AGREEMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc5LIFE INSURANCE POLICY
IRS990ScheduleD/OtherSecuritiesGrp/Desc6INTEREST IN LLP (FREMONT)
IRS990ScheduleD/OtherSecuritiesGrp/Desc7OTHER
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$116$0.11$116$68.7$50.8$17.9
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$104$0.02$104$51.2$49.1$2.10
2022Detailed filing. Detailed filing data is available for this year.$100$0.07$100$56.3$40.8$15.5
2021Detailed filing. Detailed filing data is available for this year.$90.6$0.01$90.6$42.7$32.7$10.00
2020Detailed filing. Detailed filing data is available for this year.$70.5$0.19$70.3$34.9$26.6$8.36
2019Detailed filing. Detailed filing data is available for this year.$64.9$0.12$64.8$35.6$25.2$10.4
2018Detailed filing. Detailed filing data is available for this year.$49.8$0.07$49.8$23.8$20.9$2.89
2017Detailed filing. Detailed filing data is available for this year.$51.4$0.24$51.2$30.2$17.0$13.2
2016Detailed filing. Detailed filing data is available for this year.$37.8$0.00$37.8$19.3$15.4$3.86
2015Detailed filing. Detailed filing data is available for this year.$32.9$0.00$32.9$15.8$11.8$3.92
2014Detailed filing. Detailed filing data is available for this year.$29.2$0.12$29.1$10.8$7.99$2.82
2013Detailed filing. Detailed filing data is available for this year.$26.2$0.12$26.1$13.6$7.72$5.84
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.9$0.11$19.8$4.36
2011Summary only. Only limited summary data is available for this year.$14.8$0.11$14.7$5.89$7.36$1.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$0.13$16.6$6.43
Peer Organizations

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