Overview
What is New Horizons Ranch & Center Foundation?
New Horizons Ranch & Center Foundation is a title-holding organization based in Abilene, Texas. Specifically located at 147 Sayles Blvd, the foundation's primary role is to safeguard property and collect its income. This income is then channeled towards benefiting New Horizons Ranch and Center, Inc., a nonprofit entity. The foundation's exclusive purpose is to ensure the use of all property for the betterment of New Horizons Ranch and Center, Inc. The foundation does not involve itself in active operations or programs but serves as a property custodian for the aforementioned organization.
Is New Horizons Ranch & Center Foundation legitimate?
New Horizons Ranch & Center Foundation is a legitimate nonprofit organization registered as a 501(c)(2) entity. New Horizons Ranch & Center Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of New Horizons Ranch & Center Foundation?
The New Horizons Ranch & Center Foundation serves as a title-holding organization, with the primary purpose of safeguarding all property exclusively for the benefit of New Horizons Ranch and Center, Inc. Its mission is centered around managing property-related matters, gathering income from these assets, and subsequently transferring it to the exempt organization for its utilization. This role ensures the continuous operation and support of New Horizons Ranch and Center, Inc., ultimately contributing to its mission and objectives.
Who is the CEO of New Horizons Ranch & Center Foundation?
Michael J Redden is the Director of New Horizons Ranch & Center Foundation. The CEO's salary of New Horizons Ranch & Center Foundation is $0 and their total compensation is $206,711.
What is the revenue of New Horizons Ranch & Center Foundation?
New Horizons Ranch & Center Foundation's revenue in 2022 was $368,751.
Who are the executives of New Horizons Ranch & Center Foundation and what are their salaries?
Here are 10 key members and their salaries (New Horizons Ranch & Center Foundation's CEO's salary is $0 and their total compensation is $206,711):
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- Related: $191,323
- Other: $15,388
- Compensation: $0
- Related: $126,611
- Other: $15,388
- Compensation: $0
- Related: $128,611
- Other: $13,720
Where can I find the form 990 for New Horizons Ranch & Center Foundation?
New Horizons Ranch & Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Horizons Ranch & Center Foundation
New Horizons Ranch & Center Foundation serves as a title-holding organization, with the sole purpose of safeguarding all property exclusively for the benefit and use of New Horizons Ranch and Center, Inc. This foundation's mission is centered around collecting income derived from the property and subsequently transferring it to the exempt organization, ensuring its continued operation and success. By acting as a title-holding entity, New Horizons Ranch & Center Foundation plays a crucial role in securing the financial stability of the main organization, enabling it to carry out its mission effectively.
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Impact
October, 2024
New Horizons Ranch & Center Foundation plays a pivotal role in supporting the mission of New Horizons Ranch and Center, Inc. by holding title to property and managing its income for the benefit of the community. Based in Abilene, Texas, the Foundation ensures that vital resources are secured and maintained, enabling the Ranch and Center to focus on their community improvement initiatives.
By effectively managing property assets and directing funds to the Ranch and Center, the Foundation fosters a stable environment where various programs and services can thrive. This support enhances the overall impact of the Ranch and Center, facilitating activities that promote well-being, safety, and growth within the community. The strategic stewardship of assets ensures that the needs of the people served are met consistently and sustainably, creating long-term benefits for those who rely on their services.
This information is meant to be a general summary of New Horizons Ranch & Center Foundation. 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: $368,751
- Gross Receipts: $1,431,343
Assets and Liabilities:
- Total Assets: $11,820,411
- Total Liabilities: $3,375,781
- Net Assets: $8,444,630
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Organization Details
Founding Year
1995
Phone
(325) 473-1852Principal Officer
Michael J Redden
Main Address
147 SAYLES BLVD, ABILENE, TX, 79605
NTEE Category
Code: S47 - Community improvement
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