New Horizon Educational Foundation FY2020 filing

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Advancement of the interest of New Horizon school irvine

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-0810146) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.9M a year · 65% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
2.9 mo
of spending, in cash
Plus $5.8M in investments, Pt X · Ln 11–13
2.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $64K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$11.1M
36% of total assets
Liabilities are 36% of assets.
Pt X · Ln 26
Independent board members
4
of 5 voting members
4 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$4.0M
Spent
$1.4M
To programs
85%
Net assets
$19.9M
By yearFY2020–FY2024
Revenue
$4.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.0M
FY2021$2.2M
FY2022$635K
FY2023$935K
FY2024$7.1M
Expenses
$1.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$889K
FY2022$1.0M
FY2023$877K
FY2024$932K
Net assets
$19.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$19.9M
FY2021$22.1M
FY2022$20.8M
FY2023$21.0M
FY2024$28.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.2M Management & general 15% · $222K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See New Horizon Educational Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Supports the educational goals and development of New Horizon School Irvine.

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1 program · $1.2M · in their own filed words · FY2020
01

Provides funds and other support for the benefit of the new horizon school irvine's operations and its planned expansion and oversee and manage an endowment established to support the new horizon school irvine in carrying out its mission on a financially sustainable basis.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-0810146) · Dispute this line
$1.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$64K
See all 3 funders →
Grants paid · 1 grant · $143K · 2020–2020
New Horizon School IrvineCA · FY2020$142,744

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Gifts and grantsLn 1h$3.9M
Other incomeLn 4–11$85K
Investment incomeLn 3$51K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.2M
Managementcol C$222K
Owns and owesPt X
$19.9M
net assets · Ln 32
Cash and savingsLn 1–2$343K
Total assetsLn 16$31.0M
LiabilitiesLn 26$11.1M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.9M
Noncash giftsLn 1g$3.4M
Investment incomeLn 3$51K
Other incomeLn 4–11$85K
Gains on assetsLn 7$929
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$296K
SavingsLn 2$47K
Cash and savings togetherLn 1–2$343K
Accounts receivableLn 4$150K
Land, buildings, equipmentLn 10c$24.7M
InvestmentsLn 11–13$5.8M
Total assetsLn 16$31.0M
LiabilitiesLn 26$11.1M
Net assetsLn 32$19.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$3.4M
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$4K
Share of the $4.7M endowmentSch D 1g0.09%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$4.7M$2.7M$2.5M$2.7M$2.5M
AddedLn 1b$3.4M$585K
SpentLn 1d–1f$1.3M$114K−$133K−$128K−$231K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$879K$343K
InvestmentsLn 11–13$2.8M$5.8M
Land, buildings, equipmentLn 10c$25.1M$24.7M
Total assetsLn 16$28.8M$31.0M
LiabilitiesLn 26$11.3M$11.1M
Net assetsLn 32$17.5M$19.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$143K$143K
Legal feesLn 11b$161$161
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$4K$4K
InterestLn 20$523K$523K
Depreciation, depletion and amortizationLn 22$460K$460K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$292K$84K$208K
Total functional expensesLn 25$1.4M$1.2M$222K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $7.1M$932K$6.2M$28.0M 990 PDF
FY2023Filed with the IRS Nov 4, 2024 $935K$877K$58K$21.0M 990 PDF
FY2022Filed with the IRS Aug 17, 2023 $635K$1.0M−$405K$20.8M 990 PDF
FY2021Filed with the IRS Sep 12, 2022 $2.2M$889K$1.3M$22.1M 990 PDF
FY2020 ViewingFiled with the IRS Nov 1, 2021 $4.0M$1.4M$2.6M$19.9M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants M · Noncash O · Explanations
See the full FY2020 990
Part I · Summary $4,024,560 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,153,788$3,888,665
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $95,879$50,895
I-11 Other revenuePrior year $72,970$85,000
I-12 Total revenuePrior year $1,322,637$4,024,560
I-13 Grants and similar amounts paidPrior year $100,782$142,744
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $978,186$1,288,701
I-18 Total expensesPrior year $1,078,968$1,431,445
I-19 Revenue less expensesPrior year $243,669$2,593,115
Part VI · Governance 4 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $4,024,560 across 7 lines filed
VIII-1f All other contributions, gifts and grants$3,888,665
VIII-1g Noncash contributions (included above)$3,400,000
VIII-1h Total contributions, gifts and grants$3,888,665
VIII-3 Investment incomeExcluded from tax $49,966$49,966
VIII-7 Net gain or loss on sales of assetsExcluded from tax $929$929
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $85,000$85,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $135,895$4,024,560
Part IX · Statement of functional expenses $1,431,445 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $142,744$142,744
IX-11b Legal feesManagement $161$161
IX-11c Accounting feesManagement $5,260$5,260
IX-11f Investment management feesManagement $4,324$4,324
IX-20 InterestPrograms $523,219$523,219
IX-22 Depreciation, depletion and amortizationPrograms $459,848$459,848
IX-23 InsuranceManagement $4,101$4,101
IX-24 Other expenses (24a–d)Programs $83,883 · Management $207,905$291,788
IX-25 Total functional expensesPrograms $1,209,694 · Management $221,751 · Fundraising $0$1,431,445
Part X · Balance sheet $31,016,944 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $729,017$296,185
X-2 Savings and temporary cash investmentsStart of year $149,857$47,213
X-4 Accounts receivableStart of year $52,215$149,817
X-10c Land, buildings and equipment, netStart of year $25,091,217$24,688,619
X-11 Publicly traded securitiesStart of year $2,076,995$1,733,697
X-12 Other securitiesStart of year $694,436$4,101,413
X-16 Total assetsStart of year $28,793,737$31,016,944
X-17 Accounts payable and accrued expensesStart of year $177,188$40,460
X-19 Deferred revenue$215,000
X-22 Loans from officers and insidersStart of year $1,350,000$250,000
X-23 Secured mortgages and notes payableStart of year $9,079,130$10,166,441
X-24 Unsecured notes and loans payableStart of year $710,855$453,599
X-26 Total liabilitiesStart of year $11,317,173$11,125,500
X-27 Net assets without donor restrictionsStart of year $17,439,064$19,891,444
X-28 Net assets with donor restrictionsStart of year $37,500$0
X-32 Total net assets or fund balancesStart of year $17,476,564$19,891,444
X-33 Total liabilities and net assetsStart of year $28,793,737$31,016,944
Part XI · Reconciliation of net assets $19,891,444 net assets at year end
XI-1 Total revenue$4,024,560
XI-2 Total expenses$1,431,445
XI-3 Revenue less expenses$2,593,115
XI-4 Net assets at start of year$17,476,564
XI-5 Net unrealized gains (losses) on investments−$178,233
XI-8 Prior period adjustments−$2
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,891,444

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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