NEW HORIZONS FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
NEW HORIZONS FOUNDATION (EIN 45-3751544)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-02-10
IRS object ID
201710419349100411
Schema version
2015v3.0
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)
Return2017-02-10T11:57:03-07:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN850454285PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RPC CPAS CONSULTANTS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 368AddressLine1Txt
CityHOBBSCityNm
State AbbreviationNMStateAbbreviationCd
ZIP88240ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453751544EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NMJC RESEARCH FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNMJCBusinessNameControlTxt
Phone5753924510PhoneNum

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRON BLACKPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5753924510PhoneNum
Signature2017-02-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCINDY MOFFATT BRYANPreparerPersonNm
PTINP00805956PTIN
Phone5753923377PhoneNum
Preparation2017-02-02PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$320,842FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$850,000ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$850,000TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$129,672CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$129,672CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$300OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$300OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$37,513PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl$37,513PensionEmplBnftDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$587,495OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$587,495OtherProfFeesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$1,429DeprecAndDpltnRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$35,207TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$35,207TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$29,025OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$29,025OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$820,641TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$819,212TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$820,641TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$819,212TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$29,359ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$280,055CashBOYAmt
Cash EOY$310,842CashEOYAmt
Cash EOYFMV$310,842CashEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$10,000LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,047LandBldgEquipAccumDeprecAmt
Land BOY$7,381LandBOYAmt
Land EOY$5,953LandEOYAmt
Land EOYFMV$10,000LandEOYFMVAmt
Total Assets BOY$287,436TotalAssetsBOYAmt
Total Assets EOY$316,795TotalAssetsEOYAmt
Total Assets EOYFMV$320,842TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$287,436UnrestrictedBOYAmt
Unrestricted EOY$316,795UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$287,436TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$316,795TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$287,436TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$316,795TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$287,436TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$29,359ExcessRevenueOverExpensesAmt
Subtotal$316,795SubtotalAmt
Tot Net Ast Or Fund Balances EOY$316,795TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$666,626AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$287,436NetVlNoncharitableAssetsYr1Amt
Distribution Yr12.319215DistributionYr1Rt
Adjusted Qlfy Distri Yr2$619,530AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$237,280NetVlNoncharitableAssetsYr2Amt
Distribution Yr22.610966DistributionYr2Rt
Adjusted Qlfy Distri Yr3$186,291AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$43,241NetVlNoncharitableAssetsYr3Amt
Distribution Yr34.308203DistributionYr3Rt
Total Distribution9.238384TotalDistributionRt
Average Distribution3.079461AverageDistributionRt
Net Vl Noncharitable Assets$482,076NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,484,534AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$1,484,534AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$819,212QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNMOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.NHFOUNDATION.NETWebsiteAddressTxt
Individual With BooksDAN HARDINIndividualWithBooksNm
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 QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

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
RON BLACK
216 W ALBERTSON DRIVEHOBBSNM88240PRESIDENT1.50$0$0$0
DR KELVIN SHARP
5317 LOVINGTON HWYHOBBSNM88240VICE PRESIDE2.50$0$0$0
GREGG FULFER
PO BOX 548JALNM88252SECRETARY1.00$0$0$0
MIKE GALLAGHER
100 N MAIN STREETHOBBSNM88240TREASURER1.00$0$0$0
GUY KESNER
4020 FIESTAHOBBSNM88240DIRECTOR1.00$0$0$0
DAVID SCHMIDLY
60 HOMESTED ROADPLACITASNM87043DIRECTOR1.00$0$0$0
TRES HICKS
100 E NAVAJO DRIVE SUITE 100HOBBSNM88240DIRECTOR0.50$0$0$0
DALE GANNAWAY
5317 LOVINGTON HWYHOBBSNM88240EXEC DIR50.00$129,672$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
RAYMOND TIM WITTIG
4618 HOLLY RIDGE ROADROCKVILLEMD20853CONSULTING$328,333
GARY PANKONIEN
5204 CORRIENTES COVEAUSTINTX78739CONSULTING$220,000

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE ONGOING APPLICATION AND USE OF THE MASTER COOPERATIVE RESEARCH AND DEVELOPMENT AGREEMENTS (CRADA) TO CONTINUALLY UPDATE IT WITH ADDITIONAL AGREEMENTS TO FACILITATE WORK WITH THE ARMY RESEARCH, DEVELOPMENT, AND ENGINEERING CENTER (ARDEC), THE ARMY RESEARCH LABORATORY (ARL) AND OTHER FEDERAL LABORATORIES AS THE NEED ARISES.Description1Txt
Expenses1$62,050Expenses1Amt
Description2ONGOING FUNDING FOR TRAVEL AND OPERATIONS TO GIVE THE FOUNDATON A CONSISTENT, VISABLE PRESENCE AT THE DEPARTMENT OF DEFENSE LABORATORIES AND CENTERS WITH THEIR RESEARCHERS AND ENGINEERS.Description2Txt
Expenses2$38,503Expenses2Amt
Description3FUNDING FOR THE TECHNOLOGY TRANSFER TEAM OF PROFESSIONALS THAT GIVES SOUTHEASTERN NEW MEXICO CAPABILITIES THAT HAVE PREVIOUSLY BEEN UNAVAILABLE FOR KNOWLEDGE-BASED ECONOMIC DEVELOPMENT IN THE REGION.Description3Txt
Expenses3$550,511Expenses3Amt
Description4ONGOING EDUCATION OF THE CITIZENS OF THE SOUTHEAST NEW MEXICO REGION REGION AS TO WHAT "KNOWLEDGE-BASED" ECOMONIC DEVELOPEMENT IS AND WHY IT IS IMPORTANT.Description4Txt
Expenses4$169,577Expenses4Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$479,417AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$10,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$489,417TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$489,417AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,341CashDeemedCharitableAmt
Net Vl Noncharitable Assets$482,076NetVlNoncharitableAssetsAmt
Minimum Investment Return$24,104MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$24,104MinimumInvestmentReturnAmt
Distributable Before Adj$24,104DistributableBeforeAdjAmt
Distributable Before Ded$24,104DistributableBeforeDedAmt
Distributable As Adjusted$24,104DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$819,212ExpensesAndContributionsAmt
Qualifying Distributions$819,212QualifyingDistributionsAmt
Adjusted Qualifying Distri$819,212AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$24,104DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$184,129ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$619,530ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$651,062ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,454,721TotalExcessDistributionCyovAmt
Qualifying Distributions$819,212QualifyingDistributionsAmt
Applied To Current Year$24,104AppliedToCurrentYearAmt
Remaining Distri From Corpus$795,108RemainingDistriFromCorpusAmt
Total Corpus$2,249,829TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$2,249,829ExcessDistriCyovToNextYrAmt
Excess From Year3$184,129ExcessFromYear3Amt
Excess From Year2$619,530ExcessFromYear2Amt
Excess From Year1$651,062ExcessFromYear1Amt
Excess From Current Year$795,108ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOYes (true)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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
NEW MEXICO JUNIOR COLLEGE
15317 LOVINGTON HWYHOBBSNM88240$450,000Yes (X)
LEA COUNTY NEW MEXICO
2100 N MAIN STREETHOBBSNM88240$400,000Yes (X)

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyPATENT - CARBON FIBERPropertyDesc
Acquired2013-09-12AcquiredDt
Cost Or Other Basis$10,000CostOrOtherBasisAmt
Prior Year Depreciation$2,619PriorYearDepreciationAmt
Computation MethodS/LComputationMethodTxt
Life7.0000LifeRt
Current Year Expense$1,429CurrentYearExpenseAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Cost Or Other Basis$10,000CostOrOtherBasisAmt
Accumulated Depreciation$4,047AccumulatedDepreciationAmt
Book Value$5,953BookValueAmt
EOYFMV$10,000EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
ADVERTISING$193$193
TELEPHONE$575$575
COPIER EXPENSE$744$744
DUES & MEMBERHSIPS$500$500
POSTAGE$78$78
SUPPLIES$4,417$4,417
WORKMAN'S COMP FEE$8$8
LEASES/RENTS$19,950$19,950
MAINTENANCE AGREEMENT$2,560$2,560

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PROFESSIONAL SERVICE AGREEMENT
- TIM WITTIG$328,333$328,333
ENTREPRENEUR-IN-RESIDENCE -
- GARY PANKONIEN$220,000$220,000
OTHER PROFESSIONAL FEES$39,162$39,162

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