Nonprofit · EIN 45-3751544
NEW HORIZONS FOUNDATION
Tax-exempt · HOBBS, NM 88240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $415,000 | $446,298 | -$31,298 | $1,121,167 | $16,647 | $1,104,520 |
| June 30, 2024 | 990-PF | $411,520 | $322,438 | $89,082 | $1,150,065 | $14,247 | $1,135,818 |
| June 30, 2023 | 990-PF | $550,000 | $288,811 | $261,189 | $1,072,242 | $25,506 | $1,046,736 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $400,000
- Net rental income
- $9,031
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $136,416
- Salaries, compensation and benefits (total)
- $15,542
- Disbursements for charitable purposes
- $400,715
Balance sheet and other
- Total assets, start of year
- $1,150,065
- Total assets, end of year
- $1,121,167
- Total liabilities, end of year
- $16,647
- Net assets, end of year
- $1,104,520
- Fair market value of assets
- $1,121,167
- Qualifying distributions
- $400,715
- Net investment income
- $15,000
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-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS HOLMBERG 5317 LOVINGTON HWY, HOBBS, NM 88240 | EXECUTIVE DIRECTOR | 20 | $136,416 |
| GREGG FULFER PO BOX 548, JAL, NM 88252 | DIRECTOR | 0.5 | $0 |
| GUY KESNER 300 N LINAM, HOBBS, NM 88240 | PRESIDENT | 1.5 | $0 |
| GARY EIDSON 412 N DAL PASO STREET, HOBBS, NM 88240 | VICE PRESIDENT | 1 | $0 |
| PAUL LORSKULSINT PO BOX 1789, EUNICE, NM 88231 | DIRECTOR | 0.5 | $0 |
| PHILLIP INGRAM PO BOX 2978, HOBBS, NM 88241 | DIRECTOR | 0.5 | $0 |
| CATHY MITCHELL 5317 LOVINGTON HWY, HOBBS, NM 88240 | DIRECTOR | 0.5 | $0 |
| ERIN MCMATH 4801 BUSINESS PARK BLVD, HOBBS, NM 88240 | DIRECTOR | 0.5 | $0 |
| PACO HERNANDEZ PO BOX 335, HOBBS, NM 88241 | DIRECTOR | 0.5 | $0 |
| LAURA DAVIS 5317 LOVINGTON HWY, HOBBS, NM 88240 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DENNIS HOLMBERG 5317 LOVINGTON HWY, HOBBS, NM 88240 | EXECUTIVE DIRECTOR | 20 | $80,000 | $1,563 |
| GREGG FULFER PO BOX 548, JAL, NM 88252 | DIRECTOR | 0.5 | $0 | $0 |
| GUY KESNER 300 N LINAM, HOBBS, NM 88240 | PRESIDENT | 1.5 | $0 | $0 |
| TRES HICKS 100 E NAVAJO DRIVE SUITE 100, HOBBS, NM 88240 | SECRETARY/TREASURER | 1 | $0 | $0 |
| GARY EIDSON 412 N DAL PASO STREET, HOBBS, NM 88240 | DIRECTOR | 0.5 | $0 | $0 |
| PAUL LORSKULSINT PO BOX 1789, EUNICE, NM 88231 | DIRECTOR | 0.5 | $0 | $0 |
| PHILLIP INGRAM PO BOX 2978, HOBBS, NM 88241 | DIRECTOR | 0.5 | $0 | $0 |
| DR DEREK MOORE 5317 LOVINGTON HWY, HOBBS, NM 88240 | DIRECTOR | 0.5 | $0 | $0 |
990-PF for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DENNIS HOLMBERG 5317 LOVINGTON HWY, HOBBS, NM 88240 | EXECUTIVE DIRECTOR | 20 | $75,000 | $1,563 |
| GREGG FULFER PO BOX 548, JAL, NM 88252 | DIRECTOR | 0.5 | $0 | $0 |
| GUY KESNER 300 N LINAM, HOBBS, NM 88240 | PRESIDENT | 1.5 | $0 | $0 |
| TRES HICKS 100 E NAVAJO DRIVE SUITE 100, HOBBS, NM 88240 | SECRETARY/TREASURER | 1 | $0 | $0 |
| GARY EIDSON 412 N DAL PASO STREET, HOBBS, NM 88240 | DIRECTOR | 0.5 | $0 | $0 |
| PAUL LORSKULSINT PO BOX 1789, EUNICE, NM 88231 | DIRECTOR | 0.5 | $0 | $0 |
| PHILLIP INGRAM PO BOX 2978, HOBBS, NM 88241 | DIRECTOR | 0.5 | $0 | $0 |
| DR DEREK MOORE 5317 LOVINGTON HWY, HOBBS, NM 88240 | DIRECTOR | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5317 N LOVINGTON HWY, HOBBS, NM 88240-9121
- In care of
- % KELVIN SHARP
- Signed the 990-PF
- GUY KESNER, PRESIDENT
- Phone
- (575) 392-4510
- Website
- WWW.NHFOUNDATION.NET
- Return prepared by
- CRI ADVISORS
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 45-3751544
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,121,167
- Income (IRS master file)
- $415,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $415,000 | $446,298 | $1,121,167 | IRS |
| 990-PF | June 2024 | $411,520 | $322,438 | $1,150,065 | IRS |
| 990-PF | June 2023 | $550,000 | $288,811 | $1,072,242 | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2020 | – | – | – | IRS |
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 45-3751544).
Questions about NEW HORIZONS FOUNDATION
- What is the EIN of NEW HORIZONS FOUNDATION?
- The employer identification number (EIN) of NEW HORIZONS FOUNDATION is 45-3751544.
- Is NEW HORIZONS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to NEW HORIZONS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does NEW HORIZONS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NEW HORIZONS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW HORIZONS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of NEW HORIZONS FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $136,416 (DENNIS HOLMBERG, EXECUTIVE DIRECTOR).
- How much revenue does NEW HORIZONS FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $415,000, expenses of $446,298 and total assets of $1,121,167 at year end.
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