New Horizons Educational Foundation Inc in Hampton, Virginia (VA)
Table of contents:
| New Horizons Educational Foundation Inc | |
| Employer Identification Number (EIN) | 541674644 |
| Name of Organization | New Horizons Educational Foundation Inc |
| In Care of Name | Joseph H Latchum Jr |
| Address | 520 Butler Farm Rd, Hampton, VA 23666-1500 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 11/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $12,261,535 |
| Amount of Income | $97,190 |
| Form 990 Revenue Amount | $84,094 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2014: $97,190 (it was $54,293 in 2013)
| New Horizons Educational Foundation Inc: | $97,190 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2014: $12,261,535 (it was $130,358 in 2013)
| This organization: | $12,261,535 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2013: $61,197
| New Horizons Educational Foundation Inc: | $61,197 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2013: 1.6
| New Horizons Educational Foundation Inc: | 1.6 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 106.7%
| This organization: | 106.7% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $63,107 | $57,961 | $54,293 |
| Contributions, gifts, grants, and similar amounts received | $42,500 | $43,511 | $57,912 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $381 | $229 | $25 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $20,226 | $13,253 | $-3,644 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $27,805 | $24,022 | $5,820 |
| Less: direct expenses from gaming and fundraising events | $7,579 | $10,769 | $9,464 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $968 | $0 |
| Total expenses | $54,479 | $72,398 | $61,197 |
| Total net assets | $151,699 | $137,262 | $130,358 |
| Excess/Deficit for the year | $8,628 | $-14,437 | $-6,904 |
| Net assets or fund balances at beginning of year | $143,071 | $151,699 | $137,262 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $137,262 | $130,358 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $151,699 | $137,262 | $130,358 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $151,699 | $137,262 | $130,358 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $160,502 |
| Subtotal Support | $198,982 |
| Gifts, grants, contributions, and membership fees received | $198,982 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $38,480 |
| Total Support | $300,262 |
| Public Support | $198,982 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4,633 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $96,647 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | Special Operations Fund | 901 N Stuart St Ste 200, Arlington, VA 22203-1821 | VA | 1992-10 | $2,645,532 |
| 3 | Truckload Carriers Association Scholarship Fund Inc | 555 East Braddock Road, Alexandria, VA 22314-2182 | VA | 1973-09 | $1,583,973 |
| 4 | Ukrops Educational Foundation | 2001 Maywill St Ste 100, Richmond, VA 23230-3236 | VA | 1996-02 | $531,144 |
| 5 | Ralph Stuart Stowers Scholarship Trust | PO BOX 687, Tazewell, VA 24651-0687 | VA | 1997-10 | $369,444 |
| 6 | The Florence And Hyman Meyers Family Foundation | 1606 Stoneycreek Dr, Richmond, VA 23238-4125 | VA | 1995-08 | $358,547 |
| 7 | Ruth L Logsdon Charitable Tr Uw | PO BOX 5228, Martinsville, VA 24115-5228 | VA | 1996-04 | $335,715 |
| 8 | Tidewater Youth Services Foundation | 2404 Airline Blvd, Portsmouth, VA 23701-2912 | VA | 1992-04 | $198,984 |
| 9 | Smith Mountain Lake Lions Club Scholarship Trust Inc | PO BOX 655, Hardy, VA 24101-0655 | VA | 1991-06 | $176,971 |
| 10 | Vaw Vrc Officers Spouses Assoc Vaw Vrc Memorial Scholarship Fund | PO BOX 15322, Norfolk, VA 23511-0322 | VA | 1998-12 | $148,908 |
| 11 | The Lucy Pannill Sale Foundation | 231 E Church St Ste 5, Martinsville, VA 24112-2839 | VA | 1995-02 | $130,475 |
| 12 | Suffolk Education Foundation | PO BOX 394, Suffolk, VA 23439-0394 | VA | 1993-11 | $129,800 |
| 13 | Smiy Fam Foundation Tr, Smiy Paul R Ttee | 11330 Avocet Dr, Chesterfield, VA 23838-8945 | VA | 1997-07 | $115,933 |
| 14 | Strasburg Community Scholarship Trust Fund Inc | 112 W King St, Strasburg, VA 22657-2220 | VA | 1996-11 | $68,578 |
| 15 | Washington Scots Charity & Educational Fund, St Andrews Society Of Wash Dc | 7410 Heritage Village Plaza, Gainesville, VA 20155-3304 | VA | 1959-03 | $68,102 |
| 16 | Florida Alpha Educational Foundation Inc | 206 Chapel Lane, Boyce, VA 22620 | VA | 1991-08 | $66,032 |
| 17 | Virginia Association For The Gifted | PO BOX 1674, Tappahannock, VA 22560-1674 | VA | 1998-10 | $65,421 |
| 18 | Submarine Officers Wives Club Charitable Association | PO BOX 15409, Norfolk, VA 23511-0409 | VA | 1997-10 | $22,282 |
| 19 | Hampton Roads Utility & Heavy Contrtrs Assoc Mem Schlship Fndtn, Hruhca | 3105 Western Branch Blvd Ste 5c, Chesapeake, VA 23321-5529 | VA | 1997-02 | $16,941 |
| 20 | The Virginia Printing Foundation Inc | 212 Independence Rd, Winchester, VA 22602-4501 | VA | 1984-09 | $16,345 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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