2015-06-10T17:14:45-05:00 2014-12-31 954749365 STANISLAWSKI & HARRISON CPAS 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2014-01-01 270810146 NEW HORIZON IRVINE EDUCATIONAL FOUNDATION NEWH 9492318956 1 TRUMAN ST IRVINE CA 92620 MAGDY ELETREBY CHAIRMAN 9492318956 2015-06-10 1 BARED DILACAR P00157338 6267933600 2015-06-04 2014 2016-03-07 17:11:31Z MAGDY ELETREBY 1 TRUMAN ST IRVINE CA 92620 339973 0 X N/A X 2009 CA 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. 5 5 0 5 0 0 677620 316519 0 0 31700 23454 0 0 709320 339973 0 0 0 0 0 0 0 0 0 89000 54771 89000 54771 620320 285202 4559094 4677445 1120848 1074775 3438246 3602670 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. 0 0 39263 PROVIDES FUNDS AND OTHER SUPPORT FOR THE BENEFIT OF THE NEW HORIZON IRVINE SCHOOL'S OPERATIONS AND ITS PLANNED EXPANSION. 39263 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 CA X ADEEL AHMED 9492318956 1 TRUMAN ST IRVINE CA 92620 X MAGDY ELETREBY CHAIR 2.00 X X 0 0 0 YASMINE ABDEL-AAL SECRETARY 2.00 X X 0 0 0 MOTASEM BENOTHMAN TREASURER 2.00 X X 0 0 0 IMAN OZGUR VICE CHAIR 2.00 X 0 0 0 HOSSAM ELSHIWICK MEMBER/DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 316519 316519 23454 23454 339973 0 0 23454 X 158 158 15350 15350 15159 15159 21804 21804 2300 2300 54771 39263 15508 0 184948 169963 3298 3298 21908 45908 1219240 1243174 3129700 3215102 4559094 4677445 6550 3856 591705 690808 522593 380111 1120848 1074775 X 3438246 3602670 3438246 3602670 4559094 4677445 X 285202 -97570 -23208 X X 0 1 X 1 0 X 1601485 2437696 677620 316519 5033320 1601485 2437696 677620 316519 5033320 4319157 714163 11496 25499 31700 23454 92149 5125469 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1219240 502 32274 8842 1243174 931507 252006 42644 6917 1219240 649386 243633 38488 931507 656607 -7221 649386 1.00000 0 0 0 NHIF HOLDINGS, LLC 3215102 C 3215102 PAYABLE TO NHIF HOLDINGS, LLC 380111 380111 X PART V, LINE 4: NHIEF'S ENDOWMENT CONSISTS OF A BOARD-DESIGNATED ENDOWMENT FUND ESTABLISHED FOR 1. OFFERING SCHOLARSHIP FOR ACADEMICALLY EXCELLENT STUDENT 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 SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE LLC IS A LIMITED LIABILITY COMPANY SUBJECT TO CALIFORNIA MINIMUM TAX OF $800 AND AN ANNUAL FEE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA 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 THE FOUNDATION ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE FOUNDATIONS RETURN IS SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES GENERALLY THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED. MAGDY ELETREBY BOARD MEMBER OF THE FOUNDATION 22886 MR. ELETREBY SOLD HIS 6% INTEREST OF NHIF HOLDINGS, LLC TO THE FOUNDATION ON FEBRUARY 5, 2014. $22,886 CONSISTS OF $308 OF INVESTMENT LOSS FROM THE LLC, AND $23,194 FROM THE TRANSFER OF LLC INTEREST. 1 FORM 990, PART VI, SECTION B, LINE 11 ALL THE MEMBERS OF THE BOARD OF DIRECTORS WERE PROVIDED THE FORM 990 FOR REVIEW BEFORE FILING THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12 MEMBERS OF THE BOARD OF TRUSTEES ARE TO SIGN AN ANNUAL DOCUMENT INDENTIFYING AND NOTIFYING THE GOVERNING BOARD OF ANY POSSIBLE CONFLICT OF INTEREST. 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. FORM 990, PART VI: SECTION B, LINES 12 - 14 IN GENERAL, ADMINISTRATIVE RESOURCES (IN PARTICULAR FINANCE, ACCOUNTING AND DEVELOPMENT) ARE CURRENTLY SHARED BETWEEN THE FOUNDATION AND THE SCHOOL. AS SUCH, AS A PRACTICAL MATTER, POLICIES AND PROCEDURES OF THE SCHOOL ARE FOLLOWED. THE MANAGEMENT AND THE BOARD HAVE BEEN ESTABLISHING POLICIES AND PROCEDURES SEPARATELY FOR THE FOUNDATION AND INTEND TO COMPLETE WITHIN A SHORT PERIOD OF TIME. FORM 990, PART IX, LINE 11G ARCHITECT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,850. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,850. ACCOUNTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,500. FORM 990, PART XI, LINE 9: REDEMPTIONS OF MEMBERS' INTEREST -23,208. 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. NHIF HOLDINGS LLC 1 TRUMAN ST IRVINE CA 92620 461214510 INVESTMENT CA NEW HORIZON IRVINE EDUCATIONAL FOUNDATION RELATED -105990 4038889 0 1 0.94230 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 NHIF HOLDINGS LLC Q 142481 ACTUAL AMOUNT PAID