Nonprofit · EIN 54-1674644
NEW HORIZONS EDUCATIONAL FOUNDATION INC
Tax-exempt · HAMPTON, VA 23666
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,128,690 | $485,263 | $643,427 | $9,281,376 | $4,388,928 | $4,892,448 |
| June 30, 2024 | 990 | $1,276,138 | $505,381 | $770,757 | $9,529,605 | $5,280,584 | $4,249,021 |
| June 30, 2023 | 990 | $1,207,997 | $563,413 | $644,584 | $9,613,611 | $6,135,347 | $3,478,264 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $101,560
- Program service revenue
- $1,027,848
- Investment income
- $12,087
- Net income from fundraising events
- -$12,805
- Other revenue
- -$12,805
Expenses
- Grants and similar amounts paid
- $122,427
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $247,593
- Program services (functional)
- $482,357
- Management and general (functional)
- $2,906
Balance sheet and other
- Total assets, start of year
- $9,529,605
- Total assets, end of year
- $9,281,376
- Total liabilities, end of year
- $4,388,928
- Net assets, end of year
- $4,892,448
- Land, buildings and equipment
- $7,520,108
- Net assets without donor restrictions
- $4,892,448
- Gross receipts
- $1,144,735
- Employees
- 0
- Volunteers
- 25
- Year formed
- 1997
- State of legal domicile
- VA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEATHER CORDASCO | BOARD PRESID Trustee or director | 0.5 | $0 |
| JEFFREY CLEMONS | DIRECTOR Trustee or director | 0.5 | $0 |
| DUDLEY HARRIS | BOARD VICE P Trustee or director | 0.5 | $0 |
| WALT GRAHAM | BOARD SEC/TR Trustee or director | 0.5 | $0 |
| ROBERT T CRINER | DIRECTOR Trustee or director | 0.5 | $0 |
| LATITIA D MCCANE | DIRECTOR Trustee or director | 0.5 | $0 |
| SHERRI MCQUILLAN | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT S MCKENNA | DIRECTOR Trustee or director | 0.5 | $0 |
| RHONDA BUNN | DIRECTOR Trustee or director | 0.5 | $0 |
| M KENNETH TAYLOR JR | DIRECTOR Trustee or director | 0.5 | $0 |
| BRENT BAUMBERGER | DIRECTOR Trustee or director | 0.5 | $0 |
| RICHARD B DONALDSON | DIRECTOR Trustee or director | 0.5 | $0 |
| KIMBERLEE HUMPHREY | DIRECTOR Trustee or director | 0.5 | $0 |
| KELLY ALLMON | DIRECTOR Trustee or director | 0.5 | $0 |
| MARK J ADAMS | DIRECTOR Trustee or director | 0.5 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM KELLY | DIRECTOR Trustee or director | 0.5 | $0 |
| WILLIAM WALSH | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID MURRAY | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHAEL HAMILTON | DIRECTOR Trustee or director | 0.5 | $0 |
| RICK GALLAER | DIRECTOR Trustee or director | 0.5 | $0 |
| CRAIG TOPPING | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEATHER CORDASCO | BOARD PRESID Trustee or director | 0.5 | $0 |
| JEFFREY CLEMONS | DIRECTOR Trustee or director | 0.5 | $0 |
| DUDLEY HARRIS | DIRECTOR Trustee or director | 0.5 | $0 |
| WALT GRAHAM | DIRECTOR Trustee or director | 0.5 | $0 |
| RICK GALLAER | DIRECTOR Trustee or director | 0.5 | $0 |
| LATITIA D MCCANE | DIRECTOR Trustee or director | 0.5 | $0 |
| SHERRI MCQUILLAN | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT S MCKENNA | DIRECTOR Trustee or director | 0.5 | $0 |
| RHONDA BUNN | DIRECTOR Trustee or director | 0.5 | $0 |
| M KENNETH TAYLOR JR | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT T CRINER | DIRECTOR Trustee or director | 0.5 | $0 |
| RICHARD B DONALDSON | DIRECTOR Trustee or director | 0.5 | $0 |
| KIMBERLEE HUMPHREY | DIRECTOR Trustee or director | 0.5 | $0 |
| MARK J ADAMS | DIRECTOR Trustee or director | 0.5 | $0 |
| JIM KELLY | DIRECTOR Trustee or director | 0.5 | $0 |
| WILLIAM WALSH | DIRECTOR Trustee or director | 0.5 | $0 |
| BRENT BAUMBERGER | DIRECTOR Trustee or director | 0.5 | $0 |
| KELLY ALLMON | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID MURRAY | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHAEL HAMILTON | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK J ADAMS | DIRECTOR Trustee or director | – | $0 |
| JOSEPH C BARTOIII | DIRECTOR Trustee or director | – | $0 |
| RHONDA BUNN | DIRECTOR Trustee or director | – | $0 |
| JEFFREY CLEMONS | DIRECTOR Trustee or director | – | $0 |
| HEATHER CORDASCO | BOARD PRESID Trustee or director | – | $0 |
| ROBERT T CRINER | DIRECTOR Trustee or director | – | $0 |
| RICHARD B DONALDSON | DIRECTOR Trustee or director | – | $0 |
| RICK GALLAER | DIRECTOR Trustee or director | – | $0 |
| WALT GRAHAM | BOARD SEC/TR Trustee or director | – | $0 |
| DUDLEY HARRIS | BOARD VICE P Trustee or director | – | $0 |
| BJ HUGHES | DIRECTOR Trustee or director | – | $0 |
| KIMBERLEE HUMPHREY | DIRECTOR Trustee or director | – | $0 |
| M KENNETH TAYLOR JR | DIRECTOR Trustee or director | – | $0 |
| RICHARD M BAGLEY JR | DIRECTOR Trustee or director | – | $0 |
| JIM KELLY | DIRECTOR Trustee or director | – | $0 |
| LATITIA D MCCANE | DIRECTOR Trustee or director | – | $0 |
| ROBERT S MCKENNA | DIRECTOR Trustee or director | – | $0 |
| SHERRI MCQUILLAN | DIRECTOR Trustee or director | – | $0 |
| ROBIN M NELHUEBEL PHD RN | DIRECTOR Trustee or director | – | $0 |
| WILLIAM WALSH | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 520 BUTLER FARM RD, HAMPTON, VA 23666-1500
- In care of
- % JOSEPH H LATCHUM JR
- Principal officer (990 for 2024)
- HEATHER CORDASCO, 520 BUTLER FARM ROAD, HAMPTON, VA 23666
- Signed the 990
- HEATHER CORDASCO, BOARD PRESIDENT
- Phone
- (757) 766-1100
- Website
- NHREC.ORG
- Return prepared by
- A ROHM SMITH & COMPANY
Mission
PROMOTE VOCATIONAL, SCIENCE AND TECHNOLOGY EDUCATION.
Program accomplishments
- PROVIDE EDUCATIONAL SCHOLARSHIPS TO 12 STUDENTS AND FINANCIAL ASSISTANCE (HONORARIUMS)TO 36 INDIVIDUALS TO PURCHASE THE NECESSARY INCIDENTALS TO ENTER THE WORKPLACE.Expenses $35,550 · grants $35,550
- PROVIDE FUNDS TO NEW HORIZONS REGIONAL EDUCATION CENTER FOR PROGRAMS, EQUIPMENT, STAFF TRAINING, AND STUDENT INCENTIVES.Expenses $86,877 · grants $86,877
- A SPECIAL EDUCATION FACILITY IS BEING LEASED TO NEW HORIZONS REGIONAL EDUCATION CENTER FOR 15 YEARS (THE TERM OF THE BOND DEBT USED TO CONSTRUCT THE FACILILTY AS DESCRIBED IN SCHEDULE O). THE LEASE PAYMENTS BEING MADE ARE EQUAL TO THE DEBT SERVICE PAYMENTS DUE ON THE LOAN.Expenses $359,930 · revenue $1,027,842
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 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 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1674644
- 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
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $9,281,376
- Income (IRS master file)
- $1,144,735
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,128,690 | $485,263 | $9,281,376 | IRS |
| 990 | June 2024 | $1,276,138 | $505,381 | $9,529,605 | IRS |
| 990 | June 2023 | $1,207,997 | $563,413 | $9,613,611 | XML |
| 990 | June 2022 | $1,177,888 | $620,534 | $9,814,842 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 54-1674644).
Questions about NEW HORIZONS EDUCATIONAL FOUNDATION INC
- What is the EIN of NEW HORIZONS EDUCATIONAL FOUNDATION INC?
- The employer identification number (EIN) of NEW HORIZONS EDUCATIONAL FOUNDATION INC is 54-1674644.
- Is NEW HORIZONS EDUCATIONAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to NEW HORIZONS EDUCATIONAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW HORIZONS EDUCATIONAL FOUNDATION INC 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 HORIZONS EDUCATIONAL FOUNDATION INC 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 EDUCATIONAL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW HORIZONS EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names HEATHER CORDASCO.
- Who are the officers and directors of NEW HORIZONS EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does NEW HORIZONS EDUCATIONAL FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,128,690, expenses of $485,263 and total assets of $9,281,376 at year end.
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