New Horizons Foundation
New Horizons Foundation is a private foundation, based in Hobbs, NM. IRS filing data is available from 2018 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it made $401K in qualifying distributions.
New Horizons Foundation at a glance
- Total assets
- $1,121,167
- -2.5% vs 2024
- Revenue (2025)
- $415,000
- +0.8% vs 2024
- Qualifying distributions (2025)
- $400,715
- +47.4% vs 2024
- Expenses (2025)
- $446,298
- +38.4% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|
| 2025 | $1,121,167 | $415,000 | $446,298 | $400,715 | $10,063 |
| 2024 | $1,150,065 | $411,520 | $322,438 | $271,912 | $8,804 |
| 2023 | $1,072,242 | $550,000 | $288,811 | $240,199 | $8,216 |
| 2022 | $800,979 | $350,000 | $269,786 | $246,645 | $9,716 |
| 2021 | $706,431 | $411,968 | $225,807 | — | $10,603 |
| 2020 | $539,172 | $857,928 | $730,934 | — | $7,198 |
| 2018 | $268,453 | $850,000 | $938,285 | — | $17,622 |
Under IRS private-foundation payout rules, New Horizons Foundation reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
New Horizons Foundation is led by Dennis Holmberg, Executive Director since 2022 (on filings since 2020); 1 of 10 officers listed in 2025 is compensated.
Officers on the 2025 filing
Dennis Holmberg
Executive Director
Interim Managing Director → Executive Director, 2022
On filings since 2020
20 hrs/week
$63K (2020) → $136K (2025)
Guy Kesner
President
Director → President, 2023
On filings since 2018
1.5 hrs/week
No compensation reported
Gregg Fulfer
Director
President → Director, 2020
On filings since 2018
0.5 hrs/week
No compensation reported
Paul Lorskulsint
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Phillip Ingram
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Cathy Mitchell
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Erin McMath
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Laura Davis
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Paco Hernandez
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Gary Eidson
Vice President
Director → Vice President, 2025
On filings since 2021
1 hr/week
No compensation reported
Former officers (9)
- Former: Tres Hicks (2018–2024) — Secretary & Treasurer
- Former: Derek Moore (2023–2024) — Director
- Former: Jeff McCool (2020–2022) — Cheif Executive Officer
- Former: Tina Kunko (2020–2022) — Accountant
- Former: Steve McCleery (2022) — Director
- Former: Kelvin Sharp (2018–2021) — President
- Former: Don Jones (2018–2020) — Vice President
- Former: Ron Black (2018–2020) — Secretary & Treasurer
- Former: Dale Gannaway (2018) — Executive Director
Data from IRS Form 990 filings, 2018–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $136K, to Dennis Holmberg (Executive Director).
Frequently asked questions about New Horizons Foundation
How large is New Horizons Foundation?
New Horizons Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $401K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What is New Horizons Foundation's EIN?
New Horizons Foundation's EIN (Employer Identification Number) is 45-3751544. IRS Form 990 filing data is available on this page for 2018–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2018 (received by the IRS May 15, 2019)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2018–2024
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Figures come from New Horizons Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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