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NEW HORIZON EDUCATIONAL FOUNDATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
NEW HORIZON EDUCATIONAL FOUNDATION (EIN 27-0810146)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-08-17
IRS object ID
202342299349301159
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-08-17T13:42:45-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1301 NORTH LAKE AVENUE SUITE 900AddressLine1Txt
CityPASADENACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91101ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN270810146EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NEW HORIZON IRVINE EDUCATIONALBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlNEWHBusinessNameControlTxt
Phone9492318956PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 TRUMAN STAddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92620ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMOTASEM BENOTHMANPersonNm
Person TitleCHAIRMANPersonTitleTxt
Phone9492318956PhoneNum
Signature2023-08-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMOTASEMPersonFirstNm
Person LastBENOTHMANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKAREN LOPreparerPersonNm
PTINP02141262PTIN
Phone6267933600PhoneNum
Preparation2023-08-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMOTASEM BENOTHMANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 TRUMAN STAddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92620ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$635,378GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionADVANCEMENT OF THE INTEREST OF NEW HORIZON SCHOOL IRVINEActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers4TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$813,533PYContributionsGrantsAmt
CY Contributions Grants$286,938CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1,161,114PYInvestmentIncomeAmt
CY Investment Income$348,440CYInvestmentIncomeAmt
PY Other Revenue$200,100PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,174,747PYTotalRevenueAmt
CY Total Revenue$635,378CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$888,807PYOtherExpensesAmt
CY Other Expenses$1,039,945CYOtherExpensesAmt
PY Total Expenses$888,807PYTotalExpensesAmt
CY Total Expenses$1,039,945CYTotalExpensesAmt
PY Revenues Less Expenses$1,285,940PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$404,567CYRevenuesLessExpensesAmt
Total Assets BOY$30,602,768TotalAssetsBOYAmt
Total Assets EOY$31,524,236TotalAssetsEOYAmt
Total Liabilities BOY$8,504,665TotalLiabilitiesBOYAmt
Total Liabilities EOY$10,705,297TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$22,098,103NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$20,818,939NetAssetsOrFundBalancesEOYAmt
MissionTHE MISSION OF THE FOUNDATION IS TO SOLICIT, RECEIVE, MANAGE AND DISBURSE FUNDS FOR THE ADVANCEMENT OF THE INTEREST OF THE NEW HORIZON SCHOOL IRVINE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$988,427ExpenseAmt
DescPROVIDES FUNDS AND OTHER SUPPORT FOR THE BENEFIT OF THE NEW HORIZON SCHOOL IRVINE'S OPERATIONS AND ITS PLANNED EXPANSION AND OVERSEE AND MANAGE AN ENDOWMENT ESTABLISHED TO SUPPORT THE NEW HORIZON SCHOOL IRVINE IN CARRYING OUT ITS MISSION ON A FINANCIALLY SUSTAINABLE BASIS.Desc
Total Program Service Expenses$988,427TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ADEEL AHMEDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9492318956PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 TRUMAN STAddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92620ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MOTASEM BENOTHMAN
CHAIR2.00Yes (X)Yes (X)$0$0$0
YASMINE ABDELAAL
SECRETARY2.00Yes (X)Yes (X)$0$0$0
NADAR GHOSHEH
MEMBER2.00Yes (X)$0$0$0
DR DINA SEIF
MEMBER2.00Yes (X)$0$0$0
FAIZAN BAKALI
MEMBER2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$286,938AllOtherContributionsAmt
Total Contributions$286,938TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$348,440TotalRevenueColumnAmt
Exclusion$348,440ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$635,378TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$348,440ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$21,181TotalAmt
Management And General$21,181ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$22,969TotalAmt
Management And General$22,969ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$502,228TotalAmt
Program Services$502,228ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$482,845TotalAmt
Program Services$482,845ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,201TotalAmt
Management And General$4,201ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
BANK CHARGE$2,717$2,717
PROPERTY TAX$1,704$1,704
REPAIR & MAINTENANCE$1,650$1,650
TAXES AND LICENSES$450$450

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,039,945TotalAmt
Program Services$988,427ProgramServicesAmt
Management And General$51,518ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$213,015BOYAmt
EOY$421,354EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,323,953BOYAmt
EOY$186,565EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$486,221BOYAmt
EOY$234,877EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$22,126,573LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,739,472LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$20,702,147BOYAmt
EOY$20,387,101EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,954,150BOYAmt
EOY$3,969,540EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$5,923,282BOYAmt
EOY$6,324,799EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$30,602,768BOYAmt
EOY$31,524,236EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$32,868BOYAmt
EOY$156EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$150,000BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$6,743,198BOYAmt
EOY$10,626,542EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$1,578,599BOYAmt
EOY$78,599EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,504,665BOYAmt
EOY$10,705,297EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$21,807,694BOYAmt
EOY$20,798,866EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$290,409BOYAmt
EOY$20,073EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$22,098,103BOYAmt
EOY$20,818,939EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$30,602,768BOYAmt
EOY$31,524,236EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$404,567ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$874,597NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,033,741CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$653,788CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,888,665CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$813,533CurrentTaxYearMinus1YearAmt
Current Tax Year$286,938CurrentTaxYearAmt
Total$6,676,665TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,033,741CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$653,788CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,888,665CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$813,533CurrentTaxYearMinus1YearAmt
Current Tax Year$286,938CurrentTaxYearAmt
Total$6,676,665TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,806,247SubstantialContributorsTotAmt
Public Support Total170$2,870,418PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$53,673CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$49,721CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$49,966CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$350,720CurrentTaxYearMinus1YearAmt
Current Tax Year$321,599CurrentTaxYearAmt
Total$825,679TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$146CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$72,970CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$85,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$200,000CurrentTaxYearMinus1YearAmt
Total$358,116TotalAmt
FieldValueIRS element (for citing)
Total Support$7,860,460TotalSupportAmt
Public Support CY1700.36520PublicSupportCY170Pct
Public Support PY1700.42830PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:FormAndLineReferenceDesc
ExplanationDESCRIPTION: 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.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,196,478BeginningYearBalanceAmt
Contributions$132,223ContributionsAmt
Investment Earnings Or Losses-$479,806InvestmentEarningsOrLossesAmt
End Year Balance$5,848,895EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,710,585BeginningYearBalanceAmt
Contributions$5,000ContributionsAmt
Investment Earnings Or Losses$1,480,893InvestmentEarningsOrLossesAmt
End Year Balance$6,196,478EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,742,074BeginningYearBalanceAmt
Contributions$3,400,000ContributionsAmt
Investment Earnings Or Losses-$127,338InvestmentEarningsOrLossesAmt
Other Expenditures$1,304,151OtherExpendituresAmt
End Year Balance$4,710,585EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,467,598BeginningYearBalanceAmt
Investment Earnings Or Losses$388,154InvestmentEarningsOrLossesAmt
Other Expenditures$103,479OtherExpendituresAmt
Administrative Expenses$10,199AdministrativeExpensesAmt
End Year Balance$2,742,074EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,736,047BeginningYearBalanceAmt
Investment Earnings Or Losses-$134,979InvestmentEarningsOrLossesAmt
Other Expenditures-$121,198OtherExpendituresAmt
Administrative Expenses-$12,272AdministrativeExpensesAmt
End Year Balance$2,467,598EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,091,590OtherCostOrOtherBasisAmt
Book Value$4,091,590BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$17,909,360OtherCostOrOtherBasisAmt
Depreciation$1,659,717DepreciationAmt
Book Value$16,249,643BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$125,623OtherCostOrOtherBasisAmt
Depreciation$79,755DepreciationAmt
Book Value$45,868BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$20,387,101TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
PARTNERSHIP INVESTMENTS$956,791C
LIMITED PARTNERSHIP$5,368,008F
FieldValueIRS element (for citing)
Total Book Value Securities$6,324,799TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt-$262,188TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$874,597NetUnrealizedGainsInvstAmt
Revenue Not Reported-$874,597RevenueNotReportedAmt
Revenue Subtotal$612,409RevenueSubtotalAmt
Investment Expenses Not Incld$22,969InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$22,969RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$635,378TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,016,976TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,016,976ExpensesSubtotalAmt
Investment Expenses Not Incld2$22,969InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$22,969ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,039,945TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:NHIEF'S ENDOWMENT CONSISTS OF SEVERAL INDIVIDUAL FUNDS ESTABLISHED FOR THE FOLLOWING: 1. TO OFFER TUITION ADJUSTMENTS TO FAMILIES WITH DEMONSTRATED FINANCIAL NEEDS. 2. PROVIDES TEMPORARILY CASH FLOWS SUPPORT TO THE SCHOOL, AS NEEDED. 3. ACQUIRING ASSETS TO HELP IN THE SCHOOL'S EDUCATIONAL OR EXTRACURRICULAR PROGRAMS.
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.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1AIN 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 A, LINE 4THE AMENDED AND RESTATED BYLAWS STATED - SECTION 2 - COMPOSITION OF DIRECTORS THE DIRECTORS ON THE CORPORATION'S BOARD OF DIRECTORS SHALL BE STRICTLY COMPOSED OF THE FOLLOWING: A) ONE DIRECTOR SHALL BE THE CURRENT BOARD CHAIR OF THE NEW HORIZON SCHOOL, IRVINE (NHSI) BOARD OF TRUSTEES; B) ONE DIRECTOR SHALL BE THE IMMEDIATE PAST BOARD CHAIR OF THE NHSI BOARD OF TRUSTEES WHO IS NOT CURRENTLY A MEMBER OF THE NHSI BOARD OF TRUSTEES. SHOULD THE IMMEDIATE PAST BOARD CHAIR OF THE NHSI BOARD OF TRUSTEES DECLINE TO SERVE ON THE BOARD OF DIRECTORS OR IS NOT QUALIFIED TO SO SERVE, THEN THE BOARD OF DIRECTORS SHALL APPOINT ONE DIRECTOR THAT PREVIOUSLY SERVED ON THE NHSI BOARD OF TRUSTEES BUT IS NOT A CURRENT MEMBER OF THE NHSI BOARD OF TRUSTEES. C) THEREAFTER, THE REMAINING THREE TO THIRTEEN ADDITIONAL DIRECTORS SHALL BE NOMINATED BY THE FOREGOING TWO DIRECTORS IN 2A) AND 2B), AND SUBSEQUENTLY APPOINTED TO THE BOARD OF DIRECTORS UPON RECEIVING MAJORITY APPROVAL BY THE CORPORATION'S EXISTING BOARD OF DIRECTORS. D) IT IS RECOMMENDED, BUT NOT REQUIRED, THAT THE CORPORATION'S BOARD OF DIRECTORS CONSTITUTE AT LEAST FIFTY PERCENT OF CURRENT OR FORMER TRUSTEES OF THE NHSI BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 12CA 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 15THE FOUNDATION DOES NOT HAVE ANY COMPENSATED EMPLOYEES.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2CTHE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF AN INDEPENDENT AUDITOR.
FORM 990, PART IXALL DIRECT FUNDRAISING COSTS ARE PAID BY THE SCHOOL.

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