2022-09-12T11:58:00-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 301 NORTH LAKE AVENUE SUITE 900 PASADENA CA 91101 990 2021-01-01 270810146 NEW HORIZON IRVINE EDUCATIONAL FOUNDATION NEWH 9492318956 1 TRUMAN ST IRVINE CA 92620 MAGDY ELETREBY CHAIRMAN 9492318956 2022-09-09 1 MAGDY ELETREBY 999009999 KAREN LO P02141262 6267933600 2022-09-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MAGDY ELETREBY 1 TRUMAN ST IRVINE CA 92620 8948834 0 X N/A X 2009 CA ADVANCEMENT OF THE INTEREST OF NEW HORIZON SCHOOL IRVINE 4 3 0 4 0 0 3888665 813533 0 0 50895 1161114 85000 200100 4024560 2174747 142744 0 0 0 0 0 0 0 0 1288701 888807 1431445 888807 2593115 1285940 31016944 30602768 11125500 8504665 19891444 22098103 THE MISSION OF THE FOUNDATION IS TO SOLICIT, RECEIVE, MANAGE AND DISBURSE FUNDS FOR THE ADVANCEMENT OF THE INTEREST OF THE NEW HORIZON SCHOOL IRVINE. 0 0 859134 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. 859134 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 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 NADER GHOSHEH TRUSTEE 2.00 X 0 0 0 0 0 0 0 0 0 0 0 813533 23565 813533 350720 350720 2977148 4607333 2527449 4246638 449699 360695 810394 810394 OTHER INCOME 900099 200100 200100 200100 2174747 0 0 1361214 19000 19000 379305 379305 464610 464610 4100 4100 PROPERTY TAX 14119 14119 BANK CHARGE 4323 4323 TAXES AND LICENSES 2250 2250 REPAIR & MAINTENANCE 1100 1100 888807 859134 29673 0 296185 213015 47213 1323953 149817 486221 21963888 1261741 24688619 20702147 1733697 1954150 4101413 5923282 31016944 30602768 40460 32868 215000 0 250000 150000 10166441 6743198 453599 1578599 11125500 8504665 X 19891444 21807694 290409 19891444 22098103 31016944 30602768 1285940 920719 0 X X 0 1 X 1 0 X 1379675 1033741 653788 3888665 813533 7769402 1379675 1033741 653788 3888665 813533 7769402 4053128 3716274 35361 53673 49721 49966 350720 539441 10167 146 72970 85000 200000 368283 8677126 0.42830 0.46180 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: CASH DATE: 12/31/16 AMOUNT: 1200000. DESCRIPTION: CASH DATE: 12/31/17 AMOUNT: 2000000. DESCRIPTION: CASH DATE: 12/31/18 AMOUNT: 2500000. DESCRIPTION: CASH DATE: 12/31/19 AMOUNT: 500000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4710585 5000 1480893 6196478 2742074 3400000 -127338 1304151 4710585 2467598 388154 103479 10199 2742074 2736047 -134979 -121198 -12272 2467598 2495233 368698 -115713 -12171 2736047 1.00000 0 0 4091590 4091590 17746675 1204986 16541689 125623 56755 68868 20702147 PARTNERSHIP INVESTMENTS 917676 C LIMITED PARTNERSHIP 5005606 F 5923282 X 3162630 920719 67164 987883 2174747 0 2174747 955971 67164 67164 888807 0 888807 PART V, LINE 4: NHIEF'S ENDOWMENT CONSISTS OF SEVERAL INDIVIDUAL FUNDS ESTABLISHED FOR THE FOLLOWING: 1. TO OFFER TUITION ADJUSTMENTS TO FAMILIES WITH DEMONSTRATED FINANCIAL NEEDS. 2. PROVIDES TEMPORARILY CASH FLOWS SUPPORT TO THE SCHOOL, AS NEEDED. 3. ACQUIRING ASSETS TO HELP IN THE SCHOOL'S EDUCATIONAL OR EXTRACURRICULAR PROGRAMS. PART X, LINE 2: THE FOUNDATION HAS BEEN GRANTED EXEMPTION FROM INCOME TAX UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. U.S. GAAP 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 NHIEF ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: IMPUTED INTEREST 67,164. PART XII, LINE 2D - OTHER ADJUSTMENTS: IMPUTED INTEREST 67,164. MAGDY ELETREBY CHAIR ADVANCE FOR OPERATIONS X 250000 150000 0 1 1 150000 FORM 990, PART VI, SECTION A, LINE 1A IN THE EVENT THAT THE BOARD DETERMINES THAT THE MANAGEMENT OF THE CORPORATION WOULD BE BENEFITTED BY THE ESTABLISHMENT OF ONE (1) OR MORE STANDING OR SPECIAL COMMITTEES, THE BOARD, MAY FROM TIME TO TIME ESTABLISH ONE (1) OR MORE SUCH COMMITTEES TO SERVE AT THE PLEASURE OF THE BOARD. IF REQUIRED BY SUBDIVISION (E) OF SECTION 12586 OF THE CALIFORNIA GOVERNMENT CODE, THE BOARD SHALL APPOINT AN AUDIT COMMITTEE IN ACCORDANCE WITH THAT SUBDIVISION AND FOR THE PURPOSES SET FORTH THEREIN. THE ESTABLISHMENT OF A STANDING OR SPECIAL COMMITTEE SHALL BE EFFECTED BY A RESOLUTION OF THE BOARD APPROVED BY THE VOTE OF THE MAJORITY OF THE TRUSTEES THEN IN OFFICE, WHICH SPECIFICALLY SETS FORTH THE POWERS AND DUTIES DELEGATED TO SUCH COMMITTEE. EACH SUCH COMMITTEE SHALL CONSIST OF TWO (2) OR MORE TRUSTEES AND SHALL BE PRESIDED OVER BY A TRUSTEE SELECTED BY THE BOARD. APPOINTMENTS TO SUCH COMMITTEES SHALL ALSO BE BY A MAJORITY VOTE OF THE TRUSTEES THEN IN OFFICE. THE TERM "STANDING COMMITTEE OR "SPECIAL COMMITTEE" SHALL MEAN ANY COMMITTEE APPOINTED BY THE BOARD WHICH IS AUTHORIZED BY SPECIFIC DELEGATION, WITHOUT FURTHER BOARD ACTION, TO MAKE AND IMPLEMENT DECISIONS ON BEHALF OF THE BOARD, OR TO IMPLEMENT, WITH SOME DEGREE OF DISCRETION, DECISIONS OF THE BOARD PURSUANT TO GUIDELINES ESTABLISHED BY THE BOARD. NOTICE OF, AND PROCEDURES FOR, MEETINGS OF STANDING OR SPECIAL COMMITTEES SHALL BE AS PRESCRIBED BY THE CHAIR OF EACH SUCH STANDING OR SPECIAL COMMITTEE, AND MEETINGS OF STANDING OR SPECIAL COMMITTEES MAY BE CALLED BY THE BOARD OR THE CHAIR OF THE STANDING OR SPECIAL COMMITTEE. A COMMITTEE EXERCISING THE AUTHORITY OF THE BOARD SHALL NOT INCLUDE AS MEMBERS PERSONS WHO ARE NOT TRUSTEES. HOWEVER, NON-TRUSTEES MAY ATTEND AND PARTICIPATE IN THE MEETINGS OF SUCH COMMITTEES. AS PROVIDED IN SECTION 3.19 OF THESE BYLAWS, THE BOARD MAY CREATE ADVISORY COMMISSIONS THAT DO NOT EXERCISE THE AUTHORITY OF THE BOARD AND THESE ADVISORY COMMISSIONS MAY INCLUDE PERSONS WHO ARE NOT TRUSTEES. NO COMMITTEE OF THE BOARD, INCLUDING ANY EXECUTIVE COMMITTEE, SHALL HAVE ANY OF THE AUTHORITY OF THE BOARD WITH RESPECT TO: (A)THE FILLING OF VACANCIES ON THE BOARD OR ON ANY COMMITTEE WHICH HAS THE AUTHORITY OF THE BOARD; (B)THE AMENDMENT OR REPEAL OF THE ARTICLES OR BYLAWS OR THE ADOPTION OF NEW ARTICLES OR BYLAWS; (C)THE FIXING OF COMPENSATION OF THE TRUSTEES FOR SERVING ON THE BOARD OR ON ANY COMMITTEE WHICH HAS THE AUTHORITY OF THE BOARD; (D)THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD WHICH BY ITS EXPRESS TERMS IS NOT SO AMENDABLE OR REPEALABLE; (E)THE APPOINTMENT OF OTHER COMMITTEES OF THE BOARD OR THE MEMBERS THEREOF IF SUCH COMMITTEE WILL HAVE THE AUTHORITY OF THE BOARD; (F)THE EXPENDITURE OF CORPORATE FUNDS TO SUPPORT A NOMINEE FOR TRUSTEE AFTER THERE ARE MORE PEOPLE NOMINATED FOR TRUSTEE THAN CAN BE ELECTED; (G)THE APPROVAL OF ANY SELF-DEALING TRANSACTION, EXCEPT THAT WHEN IT IS NOT REASONABLY PRACTICABLE TO OBTAIN APPROVAL OF THE BOARD PRIOR TO ENTERING INTO SUCH A TRANSACTION, A COMMITTEE AUTHORIZED BY THE BOARD MAY APPROVE THE TRANSACTION IN A MANNER CONSISTENT WITH THE STANDARDS SET FORTH IN SECTION 5233(D) OF THE LAW SUBJECT TO RATIFICATION BY A MAJORITY OF THE TRUSTEES THEN IN OFFICE (WITHOUT COUNTING THE VOTE OF ANY "INTERESTED DIRECTOR" AS DEFINED IN SECTION 5233 OF THE LAW) AT THE NEXT MEETING OF THE BOARD; OR (H)THE APPROVAL OF ANY OTHER ACTION FOR WHICH THE LAW OR THESE BYLAWS REQUIRES APPROVAL OF THE BOARD, A MAJORITY OF THE BOARD OR THE SOLE CORPORATE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY THE FOUNDATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION AND ANY CHANGES TO THE FILING ARE INCORPORATED INTO THE RETURN AFTER MANAGEMENT'S REVIEW. ALL MEMBERS OF THE BOARD OF DIRECTORS ARE PROVIDED A COPY OF THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST ARISES IN ANY SITUATION IN WHICH A DIRECTOR'S OTHER INVOLVEMENTS (FINANCIAL INTERESTS, FAMILY RELATIONSHIPS, POLITICAL, OR CHARITABLE ACTIVITIES, ETC.) COULD ADVERSELY AFFECT HIS OR HER JUDGMENT WITH RESPECT TO THE BUSINESS OF THE FOUNDATION OR OTHERWISE DIMINISH THE INTEREST OF THE ORGANIZATION. WHEN SUCH A CONFLICT ARISES THE DIRECTOR WITH THE CONFLICT IS EXPECTED TO DISCLOSE IN WRITING THE EXISTENCE OF THE CONFLICT AND RECUSE HIM OR HERSELF FROM ANY BOARD DISCUSSIONS OR VOTES THAT ARE DIRECTLY RELATED TO THE CONFLICT. 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 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 STREET IRVINE CA 92620 461214510 INVESTMENT CA 2906666 NEW HORIZON IRVINE EDUCATIONAL FOUNDATION NHI FOUNDATION HOLDINGS LLC 1 TRUMAN STREET IRVINE CA 92620 INVESTMENT CA 200100 3402993 NEW HORIZON IRVINE EDUCATIONAL FOUNDATION