New Horizon Ministries
- Assets
- $4.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Jackson, MS
- Founding
- 02/1990
- Data as of
- 09/2021
- EIN
- 57-0899274
Organization Overview
New Horizon Ministries is located in Jackson, MS. The organization was established in 1990. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, New Horizon Ministries employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Horizon Ministries is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, New Horizon Ministries generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $977.0k during the year ending 09/2021. While expenses have increased by 11.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP THE PEOPLE OF JACKSON THROUGH A NUMBER OF PROGRAMS FOR CHILDREN, FAMILIES AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW HORIZON CHILD CARE CENTER - OFFERING CHILDCARE AND AFTERSCHOOL CARE PROGRAM FOR CHILDREN AND YOUTH
HOPE ENTERPRISE - HELP TO REVITALIZE VACANT AND DILAPIDATED PROPERTIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie Crudup Sr Chairman | OfficerTrustee | 5 | $0 |
Jacqueline Vann CFO | Officer | 20 | $17,216 |
Bill Washington Board Member | Trustee | 1 | $0 |
Glan Dace Board Member | Trustee | 1 | $0 |
Cassandra Moore Board Member | Trustee | 1 | $0 |
Tamiko Smith Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $336,726 |
| Government grants | $282,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $619,045 |
| Total Program Service Revenue | $469,192 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,088,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation of current officers, directors, key employees. | $4,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,838 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,327 |
| Advertising and promotion | $6,305 |
| Office expenses | $15,593 |
| Information technology | $24,140 |
| Royalties | $0 |
| Occupancy | $70,286 |
| Travel | $4,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,350 |
| Insurance | $2,566 |
| All other expenses | $0 |
| Total functional expenses | $976,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,743 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,804,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,336,505 |
| Accounts payable and accrued expenses | $1,810 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,810 |
| Net assets without donor restrictions | $4,209,051 |
| Net assets with donor restrictions | $125,644 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,336,505 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New Horizon Ministries has recieved totaling $197,257.
| Awarding Organization | Amount |
|---|---|
Community Catalyst Inc Boston, MA PURPOSE: SUPPORT HEALTH ISSUES | $90,000 |
Regions Foundation Jackson, MS PURPOSE: GENERAL | $60,000 |
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $27,257 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |
Emerge Center Inc Baton Rouge, LA | $1,893,812 | $1,088,912 |
Chattanooga Chamber Foundation Chattanooga, TN | $7,015,826 | $5,758,264 |
Community Foundation Of Southwest Louisiana Lake Charles, LA | $22,288,301 | $3,534,763 |
Youth Programs Inc Memphis, TN | $5,211,246 | $2,447,133 |
Birmingham Civil Rights Institute Birmingham, AL | $869,585 | $2,120,246 |
Slingshot Memphis Inc Memphis, TN | $2,015,540 | $2,902,886 |
Nashville Predators Foundation Nashville, TN | $2,368,851 | $1,691,719 |
Womens Fund Of Greater Birmingham Birmingham, AL | $6,816,261 | $4,344,648 |