New Horizons Perpetual Foundation Inc.

Overview

New Horizons Perpetual Foundation, Inc. is a United States-based nonprofit organization established in 1999. Its primary purpose is to support New Horizons, an organization focused on serving individuals with special needs. The foundation is classified under the category of organizations that support medical disciplines and single organization support according to the National Taxonomy of Exempt Entities (NTEE).

Mission

The mission of New Horizons Perpetual Foundation, Inc. is to act in the betterment of New Horizons. This involves supporting initiatives that empower individuals with developmental disabilities, fostering community inclusion, and enhancing the quality of life for these individuals.

Operations

New Horizons Perpetual Foundation, Inc. operates with financial support primarily from contributions and investment income. It does not engage in fundraising expenses or compensation for employees, indicating a minimalist operational structure focused on maximizing financial support for its mission.

History

While the foundation itself was established in the late 1990s, its parent organization, New Horizons, has been serving individuals with special needs since 1954. Originally known as the San Fernando Valley Association for Retarded Children, Inc., New Horizons evolved over the decades to provide comprehensive services for adults with developmental disabilities, including educational programs, job training, and residential support.

Financial Summary

The foundation's financial profile shows variability over the years. For instance, in some fiscal years, its assets have ranged from approximately $20,000 to over $2 million, reflecting fluctuations in donations, investment income, and the sale of assets.

Tax Status

Donations to New Horizons Perpetual Foundation, Inc. are generally eligible for a charitable tax deduction. However, the organization is not listed in the IRS's most recent list of tax-exempt organizations, indicating a need for verification on its current status.

Governance

The organization is governed by a board comprising independent voting members. It does not report any employee compensation or professional fundraising fees, aligning with its goal of efficiently allocating resources toward supporting individuals with special needs.