Overview
What is New Horizons Elementary School?
New Horizons Elementary School is a dedicated elementary or primary institution situated in Wilmington, North Carolina. Its primary objective is to provide high-quality education to students from Kindergarten to Grade 5. This esteemed school is committed to nurturing young minds, fostering a conducive learning environment, and promoting holistic development.
Official website here: www.newhorizonselementary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Star rating)
New Horizons Elementary School has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its financial accountability and transparency. While the organization has shown strong performance in areas such as the independence of its board members and its program expense ratio, there are significant shortcomings in financial reporting and documentation practices that affect its overall score.
The organization excels in maintaining an independent board, which is an important indicator of good governance. With a program expense ratio of over 96%, it demonstrates a commitment to utilizing funds directly for its educational programs. However, the school has received low scores in critical areas such as financial statements, whistleblower policies, and document retention, which raises concerns about its financial oversight and governance practices.
Overall, while New Horizons Elementary School shows potential through its operational focus on programs and a strong board structure, its lack of transparency in financial reporting and governance policies presents limitations that could impact donor trust and future funding opportunities. Addressing these weaknesses would be essential for improving its overall rating and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is New Horizons Elementary School legitimate?
New Horizons Elementary School is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Horizons Elementary School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $93,218
Professional Fundraising Fees: $0
Other Salaries and Wages: $523,161
For more financial information, click here
Official website here: www.newhorizonselementary.org
What is the mission statement of New Horizons Elementary School?
New Horizons Elementary School is committed to providing education for students from Kindergarten through Grade 5. The school's mission is centered around this age group, aiming to foster learning and development in a nurturing environment. The primary focus of New Horizons Elementary School is to ensure a comprehensive educational experience for its young learners. The school strives to create an atmosphere that encourages growth and knowledge acquisition, equipping students with the necessary skills for their future academic journey.
Official website here: www.newhorizonselementary.org
Who is the CEO of New Horizons Elementary School?
Mitch Lamm is the Chair of New Horizons Elementary School.
Official website here: www.newhorizonselementary.org
What is the revenue of New Horizons Elementary School?
New Horizons Elementary School's revenue in 2022 was $951,421.
Official website here: www.newhorizonselementary.org
Who are the executives of New Horizons Elementary School and what are their salaries?
The average compensation at New Horizons Elementary School during 2022 was $36,258. There are 17 employees and 9 volunteers at New Horizons Elementary School.
Here are 9 key members and their salaries:
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- Compensation: $90,704
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Official website here: www.newhorizonselementary.org
Where can I find the form 990 for New Horizons Elementary School?
New Horizons Elementary School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newhorizonselementary.org
Learn more at the official website: www.newhorizonselementary.org
Mission Statement of New Horizons Elementary School
New Horizons Elementary School is dedicated to providing quality education for children in kindergarten through grade 5. The institution's mission is centered around empowering young learners in this age range, offering them a solid educational foundation to build upon in their future academic pursuits. By focusing on this age group, New Horizons Elementary School aims to foster a nurturing learning environment that encourages the growth and development of its students, helping them to become well-rounded individuals. The school's mission is to provide a comprehensive educational experience, ensuring that each student leaves with the necessary skills and knowledge to excel in their academic journey.
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Impact
July, 2024
New Horizons Elementary School has a significant impact on the community by providing high-quality education to students from Kindergarten through Grade 5 in Wilmington, NC. Through its dedicated mission of providing education for young learners, the school contributes to shaping the future leaders of tomorrow. By focusing on elementary education, New Horizons Elementary School lays a strong foundation for its students, helping them develop critical skills and knowledge that will benefit them throughout their academic and personal lives. The school's impact can be seen in the growth and success of its students as they progress through their educational journey and beyond.
This information is meant to be a general summary of New Horizons Elementary School. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $216
- Program Service Revenue: $925,187
- Gross Receipts: $951,421
Assets and Liabilities:
- Total Assets: $1,677,658
- Total Liabilities: $1,171,708
- Net Assets: $505,950
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition, Fees, Related
Revenue
$786,257
Non Refundable Tutitio
Revenue
$98,000
After School, net
Revenue
$17,234
Work day buy outs
Revenue
$9,360
Fundraising Income
Revenue
$5,880
Organization Details
Founding Year
1983
Phone
(910) 392-5209Principal Officer
Mitch Lamm
Main Address
3705 South College Road, Wilmington, NC, 28412
NTEE Category
Code: B24 - Education
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