Virginia · Nonprofit
NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE
NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE (Virginia) receives grants from 3 organizations whose IRS filings report $310,000 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($190,000). 3 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $251k
- Funders on record
- 3
- Grants received
- $310k
- Net assets
- $5.9M
What New Horizons Foundation - a Sheet Metal Industry Initiative does
Mission
The foundation's purpose is to provide research that will give hvac and sheet metal contractors a competitive edge.
As stated on its FY2024 Form 990.
Programs
Performance measurement - a guide to developing your measures of success - the purpose of adopting performance measures and improvement efforts is to allow leadership to "see" work they are not directly engaged in running. Whether they are called key performance measures, indicators, or other terms, effective measures to track performance enable improvement initiatives, early warning of problems, resource optimization, and data driven decision making. This project will produce a guide to support sheet metal and hvac contractors in organizing their performance measurement system. The project has been awarded to penn state with completion and publication of the guide by year end 2024.
$11,114 spent10% of program spendingWorkforce development best practices identification, communication and training - this multi-year project seeks to identify successful strategies used to hire, develop and retain employees in sheet metal, hvac, and mechanical construction companies. In the first phase of this project, which was initiated in december 2022, the new horizons foundation investigated and reported on the following current issues in workforce development. 1. Investigated what young workers want and need in their careers. 2. Explored characteristics unique to the next generation of workers. 3. Examined what the younger generation expects from their jobs. 4. Assessed diversity, equity, and inclusion practices in local areas. The nhf identified, met with and profiled 28 workforce development organizations (wdos) to understand their objectives, content, delivery methods, history and results, especially as they impact the above issues. In the current second phase of this project, the foundation is highlighting the top 25% of wdos through facilitated podcasts. Two of the seven recordings have been completed and are being edited for release in july. The remaining five podcasts are scheduled for completion by…
$30,085 spent26% of program spendingVdc engineering study - this joint project with the gentille and electri foundations and the university of washington has the following objectives:1. Develop metrics to support the estimation of vdc engineering for mep trades2. Benchmark current vdc engineering practices and performance, and,3. Develop metrics to evaluate the efficiencies and effectiveness of virtual design and coordination.this project originally contemplated performance of time studies of vdc processes. However, a lack of volunteer participation from the three affiliated associations has resulted in revisiting the data collection process. The three foundations are presently awaiting a revised proposal from the university. The new horizons foundation is evaluating its continued participation in the project.
$72,500 spent64% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $113,699.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $5.6M to $4.8M (−14%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
75% of NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE’s revenue is contributions — more donation-reliant than the typical peer (57% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Thomas J Soles
Executive director
Board chair
Guy M Gast
Chair
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2017 and FY2018 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $10k → $100k.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 61% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE leans on a few funders — its largest provides 61% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE.
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 100% · 2021 100% · 2022 100% · 2023 80% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
61% of NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $120k that is directly attributable, 100% of it comes from funders outside Virginia, across 2 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $190k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE runs a healthier operating margin than three-quarters of the 22,812 education nonprofits its size.
this organization peer median middle 50% of peers· 22,812 education nonprofits $100k–$1M, FY2024
Organizations like NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
70% of spending goes to programs.
Governance
Public support
62%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 1 related entity
- Sm & Ac Contractor's National Association · exempt
Screen this organization
A dated, signed PDF of the compliance screen for NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE?
- NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE (Virginia) receives grants from 3 organizations whose IRS filings report $310,000 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($190,000). 3 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE have?
- IRS filings report 3 organizations giving $310,000 in grants to NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE, 3 of which have funded it in more than one year.
- Who is the largest funder of NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE?
- AMERICAN ONLINE GIVING FOUNDATION INC is the largest funder on record, with $190,000 in grants. The full list of funders is on this page.
- How can an organization like NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds New Horizons Foundation - a Sheet Metal Industry Initiative →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing