The New Horizons Foundation Inc

Organization Overview

The New Horizons Foundation Inc is located in Colorado Springs, CO. The organization was established in 1990. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, New Horizons Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Horizons Foundation Inc 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 12/2021, New Horizons Foundation Inc generated $42.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $32.7m during the year ending 12/2021. While expenses have increased by 15.6% per year over the past 7 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.

Since 2021, New Horizons Foundation Inc has awarded 137 individual grants totaling $10,702,269. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE OBJECTIVE OF NEW HORIZONS FOUNDATION IS TO HELP INDIVIDUALS ACCOMPLISH THEIR CHARITABLE OBJECTIVES IN RELIGIOUS, EDUCATIONAL, SCIENTIFIC, BENEVOLENT AND HEALTH RELATED ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HELP INDIVIDUALS ACCOMPLISH THEIR CHARITABLE OBJECTIVES IN RELIGIOUS, EDUCATIONAL, SCIENTIFIC, BENEVOLENT AND HEALTH RELATED ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
V William Moritz
Vp/executive Director
$140,886
Chris Rosenhahn
Corporate Secretary
$92,413
Steve Prensner
President
$92,389
Gary Daniel
Treasurer
$0
Lauren Libby
Board Chairman
$0
Ronald Halverson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$38,360
Related organizations$0
Government grants $189,328
All other contributions, gifts, grants, and similar amounts not included above$38,283,630
Noncash contributions included in lines 1a–1f $2,399,509
Total Revenue from Contributions, Gifts, Grants & Similar$38,511,318
Total Program Service Revenue$0
Investment income $3,074,109
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,146,697
Net Income from Fundraising Events -$10,000
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $42,722,124

Grants Awarded

Over the last fiscal year, The New Horizons Foundation Inc has awarded $10,702,269 in support to 137 organizations.

Grant RecipientAmount

JOY TO THE WORLD FOUNDATION INC

Org PageRecipient Profile

Colorado Springs, CO

PURPOSE: PROGRAM SUPPORT

$2,563,435

DAILY HOPE MINISTRIES

Org PageRecipient Profile

Rancho Santa Margarita, CA

PURPOSE: PROGRAM SUPPORT

$2,000,000

Colorado Springs, CO

PURPOSE: PROGRAM SUPPORT

$1,307,783

ANDREW WOMMACK MINISTRIES INC

Org PageRecipient Profile

Woodland Park, CO

PURPOSE: PROGRAM SUPPORT

$855,060

RENAISSANCE CHARITABLE FOUNDATION INC

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: PROGRAM SUPPORT

$257,310

LEADERSHIP CATALYST

Org PageRecipient Profile

Dawsonville, GA

PURPOSE: PROGRAM SUPPORT

$240,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that The New Horizons Foundation Inc has recieved totaling $42,400.

Awarding OrganizationAmount
T I H Foundation

Eden Prairie, MN

PURPOSE: GENERAL

$32,400
The Henderson Family Kingdom Collection Foundation

Wilmington, DE

PURPOSE: FOR THE SUPPORT OF BLOOM COACHING

$4,000
Wittnam Family Foundation

Greeley, CO

PURPOSE: CHARITABLE

$3,000
Getsch Charitable Tr

North Oaks, MN

PURPOSE: MINISTRY SUPPORT/GENERAL FUND

$2,500
Growing Hope Foundation

Owatonna, MN

PURPOSE: SUPPORT AND ASSIST ADOPTIVE PARENTS RAISING CHILDREN THAT HAVE EXPERIENCED EARLY TRAUMAS

$500
View Grant Recipient Profile

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