2025-11-13T19:11:11-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2024-01-01 270810146 NEW HORIZON IRVINE EDUCATIONAL FOUNDATION NEWH 9492318956 1 TRUMAN ST IRVINE CA 92620 MOTASEM BENOTHMAN CHAIRMAN 9492318956 2025-11-13 1 1 SARAH HINTZ P00492291 7196350330 2025-11-13 2024 2025-03-06 01:10:19Z MOTASEM BENOTHMAN 1 TRUMAN ST IRVINE CA 92620 12608107 0 X N/A X 2009 CA ADVANCEMENT OF THE INTEREST OF NEW HORIZON SCHOOL IRVINE 5 5 0 5 43574 6815 241975 6404294 0 0 693221 680739 0 0 935196 7085033 0 0 0 0 7569 0 0 0 0 869860 932259 877429 932259 57767 6152774 31506755 38234744 10479856 10240471 21026899 27994273 X 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 827340 0 0 PROVIDES FUNDS AND OTHER SUPPORT FOR THE BENEFIT OF THE NEW HORIZON SCHOOL IRVINE'S OPERATIONS AND EXPANSION. OVERSEE AND MANAGE AN ENDOWMENT ESTABLISHED TO SUPPORT THE NEW HORIZON SCHOOL IRVINE IN CARRYING OUT ITS MISSION ON A FINANCIALLY SUSTAINABLE BASIS. THE FOUNDATION CARRIED OUT AN EXPANSION PROGRAM BY COMPLETING THE UPPER FLOOR OF ITS PROPERTY BEING USED BY THE SCHOOL. IN THE REPORTING PERIOD, THIS IS REFLECTED AS IN INCREASE IN FIXED ASSETS OF $2,980,074. IN ADDITION, THE FOUNDATION HAD PROGRAM EXPENSES OF $814,371, MAINLY FOR LOAN SERVICING AND PROPERTY TAXES PAID FOR THE BENEFIT OF THE SCHOOL. 827340 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 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 10 MARCONI IRVINE CA 92618 X MOTASEM BENOTHMAN CHAIR 2.00 X X 0 0 0 YASMINE ABDELAAL SECRETARY 2.00 X X 0 0 0 FAIZAN BAKALI DIRECTOR 2.00 X 0 0 0 NADAR GHOSHEH DIRECTOR 2.00 X 0 0 0 DR DINA SEIF DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 6404294 6404294 290179 43574 246605 5913634 5523074 390560 390560 390560 7085033 0 43574 637165 30238 30238 45636 45636 1440 1440 297874 297874 524282 524282 4201 4201 TAXES AND LICENSES 11019 11019 BANK CHARGE 7968 7968 UBIT 5857 5857 PROPERTY TAXES 3744 3744 932259 827340 104919 0 240172 386431 161118 1078030 1083795 112137 204842 25237005 2737420 20037354 22499585 5775627 6023972 5180347 6958089 31506755 38234744 3357 14997 10397900 10146875 78599 78599 10479856 10240471 X 21006826 27974200 20073 20073 21026899 27994273 31506755 38234744 6152774 814600 0 X X 0 1 X 1 0 X 3888665 813533 286938 241975 6404294 11635405 3888665 813533 286938 241975 6404294 11635405 4664862 6970543 26163 67345 27614 91345 246605 459072 121161 137520 6815 265496 85000 200100 285100 12645073 0.55120 0.35250 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 85,000. 2021 AMOUNT: $ 200,100. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6129520 3000000 1041534 10171054 5848895 1100 279525 6129520 6196478 132223 -479806 5848895 4710585 5000 1480893 6196478 2742074 3400000 -127338 1304151 4710585 1.00000 0.00000 0.00000 0 0 4091590 4091590 21019792 2626839 18392953 125623 110581 15042 22499585 PARTNERSHIP INVESTMENTS 799814 C LIMITED PARTNERSHIP 6158275 F 6958089 X 7853997 814600 814600 7039397 45636 45636 7085033 886623 0 886623 45636 45636 932259 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. NORTH AMERICA 0 0 CONTRIBUTIONS RECEIVED N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART I, LINE 3: THE ACCRUAL METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR CONTRIBUTIONS RECEIVED. 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 CFO WILL WORK WITH TAX PREPARER TO PROVIDE INFORMATION AND FINANCIAL DATA TO PREPARE THE DRAFT RETURN. THE FINAL RETURN WILL BE PROVIDED TO THE BOARD CHAIR TO REVIEW WITH AN OPPORTUNITY TO ASK QUESTIONS. ONCE THE BOARD CHAIR IS SATISFIED, THE BOARD CHAIR WILL CIRCULATE THE FINAL RETURN TO THE TRUSTEES. ANY REVISIONS WILL BE MADE BY THE TAX PREPARER TO THE FINAL RETURN WHICH WILL BE PROVIDED TO BOARD CHAIR FOR SIGNATURE AND AUTHORIZATION TO FILE. 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 PROVIDED UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. 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.