The New Horizons Foundation Inc
95% goes to programs $0 to raise $100 Strong reserves Growing revenue
The New Horizons Foundation Inc is a 501(c)(3) organization based in Colorado Spgs, Colorado, registered in 1990, with $68,690,282 in FY2024 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
731 Chapel Hills Dr, Colorado Spgs, CO, 80920 EIN 84-1123082 Since 1990
Revenue (FY2024)
$68.7M
▲ 34.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$50.8M
Net assets
$116.2M
Employees
20
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating95% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The New Horizons Foundation Inc: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating27 mo reserves · +26% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The New Horizons Foundation Inc: 27 mo reserves · +26% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The New Horizons Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The New Horizons Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The objective of the new horizons foundation is to help individuals accomplish their charitable vision.
Contact & location
- Address
- 731 Chapel Hills Dr, Colorado Spgs, CO, 80920
- City
- Colorado Spgs
- State
- Colorado
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $13.6M (FY2013) to $68.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $111KNet assets $116.2M
Operating margin
26.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$116.3M
Total liabilities
$111K
Net assets
$116.2M
Salaries & benefits
$1.8M
3% of expenses
Board members
14
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $68,690,282▲34.2% | $50,788,577▲3.5% | $116,157,962▲11.3% | $116,268,654▲11.3% | 990 |
| 2023 | $51,185,720▼9.1% | $49,085,153▲20.3% | $104,409,237▲4.3% | $104,430,423▲4.3% | 990 |
| 2022 | $56,296,980▲31.8% | $40,799,043▲24.7% | $100,092,991▲10.5% | $100,167,136▲10.6% | 990 |
| 2021 | $42,722,124▲22.3% | $32,726,437▲23.1% | $90,557,682▲28.8% | $90,565,468▲28.5% | 990 |
| 2020 | $34,940,824▼1.8% | $26,576,947▲5.6% | $70,311,685▲8.5% | $70,504,684▲8.7% | 990 |
| 2019 | $35,573,301▲49.4% | $25,167,407▲20.2% | $64,775,059▲30.2% | $64,891,160▲30.2% | 990 |
| 2018 | $23,818,511▼21.1% | $20,933,271▲23.2% | $49,767,200▼2.8% | $49,833,504▼3.1% | 990 |
| 2017 | $30,206,064▲56.5% | $16,984,942▲10.0% | $51,194,699▲35.4% | $51,430,304▲36.1% | 990 |
| 2016 | $19,302,880▲22.5% | $15,443,295▲30.4% | $37,798,665▲14.8% | $37,798,665▲14.8% | 990 |
| 2015 | $15,762,364▲45.8% | $11,841,261▲48.2% | $32,925,568▲13.2% | $32,925,568▲12.7% | 990 |
| 2014 | $10,808,683▼20.3% | $7,992,345▲3.6% | $29,084,997▲11.4% | $29,209,768▲11.3% | 990 |
| 2013 | $13,562,261 | $7,717,395▲76.9% | $26,118,414▲31.7% | $26,238,493▲31.6% | 990 |
| 2012 | — | $4,361,356▼40.7% | $19,830,225▲34.8% | $19,935,359▲34.5% | 990 |
| 2011 | — | $7,359,149▲14.4% | $14,713,389▼11.2% | $14,820,492▼11.2% | 990 |
| 2010 | — | $6,431,141 | $16,569,991 | $16,695,696 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Christopher Rosenhahn — $145,127 (0.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christopher Rosenhahn | Cfo & Corporate Secretary | 40 | $145,127 |
| Gregory Smith | Vice President of Outreach | 40 | $116,497 |
| Steven Prensner | Ceo & President | 40 | $68,315 |
| V William Moritz | Vp & Executive Director | 40 | $67,108 |
| Barbara Tompkins | Director | 1 | — |
| Dave Gresham | Director | 1 | — |
| Dr Jerry E White | Director | 1 | — |
| Eric Danos | Director | 1 | — |
| Gail Jones | Director | 1 | — |
| Gary Daniel | Treasurer | 1 | — |
| Kirk Humphreys | Director | 1 | — |
| Lauren Libby | Board Chairman | 1 | — |
| Leisle Chung | Director | 1 | — |
| Mutua Mahiaini | Director | 1 | — |
| Ronald Halverson | Director | 1 | — |
| Todd Jensen | Director | 1 | — |
Grants received · $91.1M total
178 grants to The New Horizons Foundation Inc totaling $91.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Giving and generosity | 2024 | $3,260,555 |
| Servant Foundation | Community development | 2024 | $243,315 |
| American Online Giving Foundation Inc | General support | 2024 | $206,766 |
| Christian Community Foundation Inc | Ministry support | 2024 | $161,500 |
| American Endowment Foundation | Public affairs | 2024 | $109,610 |
| Tyndale House Ministries | General program support | 2024 | $95,000 |
| Signatry Charitable Trust | Community development | 2024 | $85,750 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $76,620 |
| National Football League Foundation | General support | 2024 | $69,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $50,056 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $25,000 |
| Silicon Valley Community Foundation | Community development | 2024 | $25,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $17,300 |
| Givewell Community Foundation Inc | Religion | 2024 | $8,000 |
| Denver Foundation | Educational services | 2024 | $7,500 |
Grants made · $20.7M in FY2024
310 grants totaling $20.7M in FY2024 — showing the 15 largest. All grants made by The New Horizons Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Joy To the World Foundation | Program support | $3,001,020 |
| The Navigators | Program support | $2,156,691 |
| The Moody Center Inc | Program support | $1,865,000 |
| Operation Restored Warriors | Program support | $860,000 |
| Stone Ridge Foundation | Program support | $695,280 |
| Child Development Int'l | Program support | $560,000 |
| Purpose Driven Connection | Program support | $502,000 |
| Colorado Christian University | Program support | $472,000 |
| Northland Christian Counseling Center Inc | Program support | $459,975 |
| Hope For Brighter Tomorrows | Program support | $450,000 |
| Young Life | Program support | $342,890 |
| Lux Mundi Inc | Program support | $300,000 |
| Dare 2 Share Ministries | Program support | $279,000 |
| Kansas Athletics Incorporated | Program support | $250,000 |
| Reaching Champions Joining Hearts Foundation Inc | Program support | $250,000 |
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Frequently asked questions
- Is The New Horizons Foundation Inc a legitimate nonprofit?
- Yes. The New Horizons Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 84-1123082, based in Colorado Spgs, Colorado. Donations are tax-deductible.
- What is The New Horizons Foundation Inc's EIN?
- The New Horizons Foundation Inc's Employer Identification Number (EIN) is 84-1123082.
- How much revenue does The New Horizons Foundation Inc report?
- The New Horizons Foundation Inc reported $68,690,282 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of The New Horizons Foundation Inc's spending goes to programs?
- The New Horizons Foundation Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The New Horizons Foundation Inc have?
- CharityIndex grades The New Horizons Foundation Inc A+, based on program efficiency and fundraising cost.
- How much does The New Horizons Foundation Inc's highest-paid employee make?
- The highest reported compensation on The New Horizons Foundation Inc's latest Form 990 is $145,127, paid to Christopher Rosenhahn (Cfo & Corporate Secretary).
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Data for The New Horizons Foundation Inc (EIN 84-1123082) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.