New Horizon Foundation Annual Report (1997-1998)

PURPOSE

The New Horizon Foundation was incorporated as a not-for-profit corporation in Illinois in December 1985. The Foundation is interested in developing and funding direct and indirect programs in which it can encourage interest and foster education in the arts and sciences. The Foundation also funds projects concerned with issues in human rights, social welfare, and global security.

The foundation does not invite unsolicited proposals for funding.

STATEMENT OF ACTIVITY FOR THE FISCAL YEAR 9/1/97-8/31/98

Support and Revenue

Capital at the beginning of the fiscal year consisted primarily of equities and federal notes and bills with an approximate market value of $5,318,146, cash and accrued interest at -$1,329, for total assets of $5,316,816. During the fiscal year, dividends received were $51,304 and interest income received was $157,112. Capital gains amounted to $211,838.

Expenses

Total expenses were $814,848. Of this amount, $753,111 was given in indirect grants or contributions, and $61,737 was spent in administration.
Cash & Accrued Interest 15,681.
Securities
Book value 4,164,450 .
Fair market value 5,163,737.

OFFICERS AND DIRECTORS

Officers:
William Revelle President
Carolyn Hufbauer Vice President
Mary Paci Vice President
Ethelyn C. Bond Secretary/Treasurer
Directors:
Carolyn HufbauerEllen Hufbauer
Mary Paci Ellen Revelle
William Revelle Eleanor Revelle
Principal Office:
New Horizon Foundation
2302 Orrington Avenue
Evanston, Illinois 60201-2820
(847) 328-5331
email: nhf@revelle.net

Secretary/Treasurer: The books for the Foundation are in the care of the secretary/treasurer. Requests for funding and further information should be directed to the secretary/treasurer:

New Horizon Foundation
1625 Hinman Ave., #202
Evanston, IL 60201-4522
(847) 570-8202
email: nhf@revelle.net

Official Records

The New Horizon Foundation's Employer Identification Number is 36-3406294.

Legal correspondence should be directed to the following address:
New Horizon Foundation
c/o Austin Hirsch
Sachnoff and Weaver, Ltd.
30 South Wacker Drive, 29th Floor
Chicago, Illinois 60606-7484
(312) 207-6467

Last modified September 16, 2000.
For corrections, write the webmaster at nhf@revelle.net