NEW HORIZONS FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
NEW HORIZONS FOUNDATION (EIN 45-3751544)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-11
IRS object ID
202221319349105902
Schema version
2020v4.2
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)
Return2022-05-11T16:12:18-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN721396621PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CARR RIGGS & INGRAM LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1201 SOUTH HALAGUENO STREETAddressLine1Txt
CityCARLSBADCityNm
State AbbreviationNMStateAbbreviationCd
ZIP88220ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453751544EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NEW HORIZONS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNEWHBusinessNameControlTxt
Phone5753924510PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15317 N LOVINGTON HWYAddressLine1Txt
CityHOBBSCityNm
State AbbreviationNMStateAbbreviationCd
ZIP88240ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGUY KESNERPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone5753924510PhoneNum
Signature2022-05-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGUYPersonFirstNm
Person LastKESNERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCINDY MOFFATT BRYANPreparerPersonNm
PTINP00805956PTIN
Phone5758854184PhoneNum
Preparation2022-05-09PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$706,431FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$350,000ContriRcvdRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss$61,968NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$166,119GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$411,968TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Total Adj Net Incm$0TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$84,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm$0CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$84,000CompOfcrDirTrstDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$13,058PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$0PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Adj Net Incm$0PensionEmplBnftAdjNetIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$13,058PensionEmplBnftDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$66,783OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$22,624OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$0OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$44,159OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$8,064TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Adj Net Incm$0TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$8,064TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$13,439DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$0DeprecAndDpltnAdjNetIncmAmt
Occupancy Rev And Expnss$2,846OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$0OccupancyNetInvstIncmAmt
Occupancy Adj Net Incm$0OccupancyAdjNetIncmAmt
Occupancy Dsbrs Chrtbl$2,846OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$537TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$190TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Adj Net Incm$0TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$347TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$37,080OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$19,618OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$0OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$17,462OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$225,807TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$42,432TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$169,936TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$225,807TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$42,432TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$169,936TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$186,161ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$142,725CashBOYAmt
Cash EOY$200,242CashEOYAmt
Cash EOYFMV$200,242CashEOYFMVAmt
Acct Rcvbl$425,081AcctRcvblAmt
Acct Rcvbl BOY$197,499AcctRcvblBOYAmt
Acct Rcvbl EOY$425,081AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$425,081AcctRcvblEOYFMVAmt
Prepaid Expenses BOY$19,542PrepaidExpensesBOYAmt
Prepaid Expenses EOY$13,986PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$13,986PrepaidExpensesEOYFMVAmt
Land BOY$117,590LandBOYAmt
Land EOY$0LandEOYAmt
Land EOYFMV$0LandEOYFMVAmt
Other Assets BOY$61,816OtherAssetsBOYAmt
Other Assets EOY$67,122OtherAssetsEOYAmt
Other Assets EOYFMV$67,122OtherAssetsEOYFMVAmt
Total Assets BOY$539,172TotalAssetsBOYAmt
Total Assets EOY$706,431TotalAssetsEOYAmt
Total Assets EOYFMV$706,431TotalAssetsEOYFMVAmt
Accounts Payable BOY$20,000AccountsPayableBOYAmt
Accounts Payable EOY$1,098AccountsPayableEOYAmt
Total Liabilities BOY$20,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,098TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$519,172NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$705,333NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$519,172TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$705,333TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$539,172TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$706,431TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$519,172TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$186,161ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$705,333SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$705,333TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$0SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$0EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Tax Due$0TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial ContributorsYes (1)NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressWWW.NHFOUNDATION.NETWebsiteAddressTxt
Individual With BooksNEW MEXICO JUNIOR COLLEGEIndividualWithBooksNm
Phone5754922769PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line15317 LOVINGTON HWYAddressLine1Txt
CityHOBBSCityNm
State AbbreviationNMStateAbbreviationCd
ZIP88240ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DR KELVIN SHARP
5317 LOVINGTON HWYHOBBSNM88240PRESIDENT2.50$0$0$0
GREGG FULFER
PO BOX 548JALNM88252DIRECTOR1.50$0$0$0
GUY KESNER
300 N LINAMHOBBSNM88240DIRECTOR1.50$0$0$0
TRES HICKS
100 E NAVAJO DRIVE SUITE 100HOBBSNM88240DIRECTOR1.50$0$0$0
DENNIS HOLMBERG
5317 LOVINGTON HWYHOBBSNM88240INTERIM MANAGING DIRECTOR20.00$60,000$78$0
JEFF MCCOOL
5317 LOVINGTON HWYHOBBSNM88240CHEIF EXECUTIVE OFFICER15.00$18,000$2,547$0
TINA KUNKO
5317 LOVINGTON HWYHOBBSNM88240ACCOUNTANT3.00$6,000$849$0
GARY EIDSON
412 N DAL PASO STREETHOBBSNM88240DIRECTOR1.50$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1FUNDING THE ONGOING USE AND APPLICATION OF THE MASTER COOPERATIVE RESEARCH AND DEVELOPMENT AGREEMENT (CRADA) WITH THE U.S. ARMY RESEARCH LABORATORY SYSTEM (ARL) AND THE U.S. ARMY RESEARCH, DEVELOPMENT, AND ENGINEERING CENTER (ARDEC), TO LICENSE TECHNOLOGIES AND ACCESS CAPABILITIES FROM WITHIN THE LABS.Description1Txt
Expenses1$66,872Expenses1Amt
Description2FUNDING FOR THE TECHNOLOGY TRANSFER TEAM OF PROFESSIONALS WHO POSSESS A WIDE RANGE OF SKILS AND EXPERTISE THAT GIVES SOUTHEASTERN NEW MEXICO CAPABILITIES THAT HAVE NEVER BEEN AVAILABLE FOR KNOWLEDGE-BASED ECONOMIC DEVELOPMENT BEFORE.Description2Txt
Expenses2$30,872Expenses2Amt
Description3FUNDING THE OPERATIONS AND CAPABILITIES AT THE DOD LABS AND WITHIN LEA COUNTY TO COMMERCIALIZE TECHNOLOGIES LICENSED FROM WITHIN THE DOD LAB NETWORK OR DISCOVERED BY ENTREPRENEURS WHO LIVE IN THE PERMIAN BASIN.Description3Txt
Expenses3$81,540Expenses3Amt
Description4FUNDING THE ONGOING EDUCATION OF THE CITIZENS OF THE LEA COUNTY, SOUTHEASTERN NEW MEXICO, AND THE PERMIAN BASIN AS TO WHAT "KNOWLEDGE-BASED" ECOMONIC DEVELOPEMENT IS AND THE VALUE IT POSSESSES FOR THE FUTURE. .Description4Txt
Expenses4$64,309Expenses4Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$215,295AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$215,295TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$215,295AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,229CashDeemedCharitableAmt
Net Vl Noncharitable Assets$212,066NetVlNoncharitableAssetsAmt
Minimum Investment Return$10,603MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$10,603MinimumInvestmentReturnAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$10,603DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$10,603DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$10,603DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$169,936ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$169,936QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$169,936AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$10,603DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$795,108ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$790,808ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$913,110ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$634,600ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$661,919ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$3,795,545TotalExcessDistributionCyovAmt
Qualifying Distributions$169,936QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$10,603AppliedToCurrentYearAmt
Remaining Distri From Corpus$159,333RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$3,954,878TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$795,108ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$3,159,770ExcessDistriCyovToNextYrAmt
Excess From Year4$790,808ExcessFromYear4Amt
Excess From Year3$913,110ExcessFromYear3Amt
Excess From Year2$634,600ExcessFromYear2Amt
Excess From Year1$661,919ExcessFromYear1Amt
Excess From Current Year$159,333ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd
Total Grant Or Contri Pd Dur Yr$0TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Net Rental Income Personal Prop NetRentalIncomePersonalPropGrp

FieldValueIRS element (for citing)
Exclusion21ExclusionCd

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$61,968RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$0ExclusionAmt
Related Or Exempt Function Incm$61,968RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$61,968TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number8LineNumberTxt
Relationship StatementGAIN ON SALE OF COLD SPRAY EQUIPMENTRelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOYes (1)RelationshipsNonchrtblEOInd

Relationship Schedule Detail RelationshipScheduleDetail

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1NM JUNIOR COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Organization TypeCOLLEGEOrganizationTypeDesc
Relationship DescriptionFUNDING & BOOKKEEPING SERVICESRelationshipDescriptionTxt

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1NEW MEXICO JUNIOR COLLEGEBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line15317 LOVINGTON HWYAddressLine1Txt
CityHOBBSCityNm
State AbbreviationNMStateAbbreviationCd
ZIP88240ZIPCd
FieldValueIRS element (for citing)
Total Contributions$350,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Amortization Schedule AmortizationSchedule

Amortization Schedule Detail AmortizationScheduleDetail (3 entries)

Amortized ExpensesAmortizedExpensesDescAcquired Completed Or ExpendedAcquiredCompletedOrExpendedDtAmortizedAmortizedAmtDeduction For Prior YearsDeductionForPriorYearsAmtAmortization PeriodAmortizationPeriodRtCurrent Year AmortizationCurrentYearAmortizationAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtTotal AmortizationTotalAmortizationAmt
LICENSE HYDRO TOOL2018-06-30$28,865$1,519228.000000000000$1,519$1,519$1,519$3,038
LICENSE MUFFLER2020-03-01$15,000$61298.000000000000$1,837$0$1,837$2,449
LICENSE MUFFLER2020-03-01$15,000$423142.000000000000$1,268$0$1,268$1,691

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (3 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtPrior Year DepreciationPriorYearDepreciationAmtLifeLifeRt
LICENSE HYDRO TOOL2020-06-01$5,505NC0.000000000000$0$0$0
COLD SPRAY MACHINE2019-11-21$134,388SL$13,439$13,439$13,439$16,7985.000000000000
LICENSE HYDRO TOOL2021-06-01$9,930NC0.000000000000$0$0$0

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetCOLD SPRAY MACHINEAssetDesc
How AcquiredPURCHASEDHowAcquiredTxt
Gross Sales Price$166,119GrossSalesPriceAmt
Basis MethodCOSTBasisMethodTxt
Sales Expense$0SalesExpenseAmt
Total Net$61,968TotalNetAmt
Accumulated Depreciation$30,237AccumulatedDepreciationAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (5 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
LICENSE HYDRO TOOL$28,865$3,038$25,827
LICENSE HYDRO TOOL$5,505$0$5,505
LICENSE MUFFLER$15,000$2,449$12,551
LICENSE MUFFLER$15,000$1,691$13,309
LICENSE HYDRO TOOL$9,930$0$9,930

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
HYDRO TOOL LICENSE$34,370$44,300$44,300
MUFFLER LICENSE$30,000$30,000$30,000
ACCUMULATED AMORTIZATION MUFFLER LICENSE & HYDRO TOOL LICENSE-$2,554-$7,178-$7,178

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADVERTISING$477$0$0$477
GENERAL & ADMINISTRATIVE$9,052$987$0$8,065
INSURANCE$18,046$16,481$0$1,565
SUPPLIES$2,494$631$0$1,863
TELEPHONE$21$0$0$21
COLD SPRAY RESEARCH$2,366$0$0$2,366
AMORTIZATION$4,624$1,519$3,105

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryOTHER PROFESSIONAL FEESCategoryTxt
Amt$66,783Amt
Net Investment Income$22,624NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$44,159DisbursementsCharitablePrpsAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NEW MEXICO JUNIOR COLLEGEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line15317 LOVINGTON HIGHWAYAddressLine1Txt
CityHOBBSCityNm
State AbbreviationNMStateAbbreviationCd
ZIP88240ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryPAYROLL TAXESCategoryTxt
Amt$8,064Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$8,064DisbursementsCharitablePrpsAmt

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