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Nonprofit · EIN 27-0810146

NEW HORIZON EDUCATIONAL FOUNDATION

Tax-exempt · IRVINE, CA 92620

Financials

$2.2M$889K2021$935K$877K2023$7.1M$932K2024
Revenue Expenses · by fiscal year end
Financials of NEW HORIZON EDUCATIONAL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,085,033$932,259$6,152,774$38,234,744$10,240,471$27,994,273
December 31, 2023990$935,196$877,429$57,767$31,506,755$10,479,856$21,026,899
December 31, 2021990$2,174,747$888,807$1,285,940$30,602,768$8,504,665$22,098,103
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,404,294
Program service revenue
$0
Investment income
$680,739
Net gain from sales of assets
$390,560
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$30,238
Occupancy
$1,440
Depreciation
$524,282
Program services (functional)
$827,340
Management and general (functional)
$104,919

Balance sheet and other

Total assets, start of year
$31,506,755
Total assets, end of year
$38,234,744
Total liabilities, end of year
$10,240,471
Net assets, end of year
$27,994,273
Land, buildings and equipment
$22,499,585
Publicly traded securities
$6,023,972
Net assets without donor restrictions
$27,974,200
Net assets with donor restrictions
$20,073
Gross unrelated business income
$43,574
Gross receipts
$12,608,107
Employees
0
Volunteers
5
Year formed
2009
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MOTASEM BENOTHMANCHAIR
Trustee or director, Officer
2$0
YASMINE ABDELAALSECRETARY
Trustee or director, Officer
2$0
FAIZAN BAKALIDIRECTOR
Trustee or director
2$0
NADAR GHOSHEHDIRECTOR
Trustee or director
2$0
DR DINA SEIFDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
MOTASEM BENOTHMANCHAIR
Trustee or director, Officer
2$0
YASMINE ABDELAALSECRETARY
Trustee or director, Officer
2$0
NADAR GHOSHEHMEMBER
Trustee or director
2$0
DR DINA SEIFMEMBER
Trustee or director
2$0
FAIZAN BAKALIMEMBER
Trustee or director
2$0
990 for the year ended December 31, 2021: 4 people
NameTitleHours / weekCompensation
MAGDY ELETREBYCHAIR
Trustee or director, Officer
2$0
YASMINE ABDEL-AALSECRETARY
Trustee or director, Officer
2$0
MOTASEM BENOTHMANTREASURER
Trustee or director, Officer
2$0
NADER GHOSHEHTRUSTEE
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1 TRUMAN ST, IRVINE, CA 92620-5742
Mailing address (990-N for 2011)
1 TRUMAN ST, IRVINE CA 92620
Principal officer (990 for 2024)
MOTASEM BENOTHMAN, 1 TRUMAN ST, IRVINE, CA 92620
Principal officer (990-N for 2011)
MAGDY ELETREBY, 1 TRUMAN ST, IRVINE CA 92620
Signed the 990
MOTASEM BENOTHMAN, CHAIRMAN
Phone
(949) 231-8956
Return prepared by
CLIFTONLARSONALLEN LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 27-0810146 or by the name NEW HORIZON EDUCATIONAL FOUNDATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $827,340

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-0810146
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2010
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$38,234,744
Income (IRS master file)
$12,608,107

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,085,033$932,259$38,234,744XML
990-TDecember 2024–––IRS
990December 2023$935,196$877,429$31,506,755XML
990December 2022$635,378$1,039,945$31,524,236IRS
990December 2021$2,174,747$888,807$30,602,768XML
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990-N for 2011
Officer: MAGDY ELETREBY
December 31, 2011≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0810146).

Questions about NEW HORIZON EDUCATIONAL FOUNDATION

What is the EIN of NEW HORIZON EDUCATIONAL FOUNDATION?
The employer identification number (EIN) of NEW HORIZON EDUCATIONAL FOUNDATION is 27-0810146.
Is NEW HORIZON EDUCATIONAL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to NEW HORIZON EDUCATIONAL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW HORIZON EDUCATIONAL FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NEW HORIZON EDUCATIONAL FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW HORIZON EDUCATIONAL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEW HORIZON EDUCATIONAL FOUNDATION?
The 990 for the year ended December 31, 2024 names MOTASEM BENOTHMAN.
Who are the officers and directors of NEW HORIZON EDUCATIONAL FOUNDATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does NEW HORIZON EDUCATIONAL FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,085,033, expenses of $932,259 and total assets of $38,234,744 at year end.

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