EIN 41-1998303

New Horizons Foundation - A Sheet Metal Industry Initiative

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2001
Most recent tax filings
2022-12-01
NTEE code, primary
Description
New Horizons Foundation - A Sheet Metal Industry Initiative aims to provide research that gives HVAC and sheet metal contractors a competitive edge. It manages the risks of today's projects by addressing compressed schedules and early cost certainty. The foundation also conducts the 2023 HVAC and Sheet Metal Industry Futures Study update to identify potential future industry states and communicate this research to its members. The foundation is located in Chantilly, VA.
Related structure
New Horizons Foundation - A Sheet Metal Industry Initiative is a subordinate organization under Sheet Metal and Air Conditioning Contractors' National Association / Smacna.
Total revenues
$254,709
2022
Total expenses
$233,689
2022
Total assets
$4,793,801
2022
Num. employees
0
2022

Program areas at New Horizons Foundation - A Sheet Metal Industry Initiative

Organizational adoption of New technologies:this research project addresses the question of why some companies are able to successfully adopt and implement New technologies and methods, while other companies struggle. Through A national survey and interviews of smacna contractors, the top 8 most effective technology implementation management practices for organizational adoption of New technologies were identified. Publication date: july 2022researchers: university of Kansas and unc - charlotte
Effective project close-out for hvac/sheet Metal contractors: successful practices guide:this project investigates different project close-out processes currently utilized by various hvac and Sheet Metal companies in the Industry. Through A questionnaire and interviews companies' internal operating procedures were documented and examined to identify proactive elements and areas of delay in the company's internal close-out processes, including:a. Internal close-out processesb. Internal project controlsc. Key communication protocols(continued on schedule o)d. document requirementse. Use of technology completion date: december 2022publication date: january 2023researchers: clemson university
Human dimensions assessment of top-performing personnel - pilot study:this research project piloted A nationwide benchmark of human dimensions for project managers, field leaders, estimators, and detailers to identify what is "best-in-class" for these job functions. The study aims to help smacna members with hiring New personnel, internal promotion decisions and talent development. Publication date: september 2022researchers: Arizona state university
The contractor's practical guide on tool management systems:given the criticality of tools to the everyday tasks of any Sheet Metal and hvac contracting firm, as well as the significant direct and indirect costs of inadequate and lost tools and their replacement, there is A need for an up-to-date and practical guide that contractors can effectively adopt to inform their tool management.project awarded january 2022. Expected publication date: march 2023researchers: Arizona state university
Managing the risks of today's projects:over the past two decades owners of construction projects have had A focus on compressing schedules for their projects. At the same time, owners are pushing for earlier cost certainty, meaning contractors are often expected to commit to A contract cost as early as during schematic design. Finally, as A result of these compressions of schedule and cost, design budgets and schedules have concurrently been cut, leading to the delegation of design to trade contractors. This leaves the trade contractor in the unenviable position of owning A great deal more risk than at any time in the past. This study will examine these project risks and offer solutions for managing them.this project was approved in the 4th quarter 2020 but research did not begin until the 3rd quarter 2021 because of the impact of covid on data collection.expected publication date: may 2023researcher: fmi corporation
The 2023 hvac and Sheet Metal Industry futures study update:this study aims to identify the potential future state of the hvac and Sheet Metal Industry and communicate the research to the membership. This means: -identifying previous, current, and ongoing trends that will allow hvac and Sheet Metal sector stakeholders to position their companies to manage and capitalize on risks and opportunities;-describing the envisioned future of the hvac and Sheet Metal industry;-enabling the information to be operationalized so companies can create A long-term strategy to manage and succeed in the future business climate.project awarded august 2022. Expected publication date: june 2023researchers: maxim consulting

Who funds New Horizons Foundation - A Sheet Metal Industry Initiative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
SMACNA Greater ChicagoIndustry Promotion$10,000
Enterprise Holdings FoundationProgram Support$3,000

Personnel at New Horizons Foundation - A Sheet Metal Industry Initiative

NameTitleCompensation
Thomas J SolesExecutive Director$0
Guy GastChairman$0
Angela SimonVice Chair$0
Guy GusChairman$0
Dennis BradshawPast Executive Director$0

Financials for New Horizons Foundation - A Sheet Metal Industry Initiative

RevenuesFYE 12/2022
Total grants, contributions, etc.$180,833
Program services$892
Investment income and dividends$98,105
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-25,121
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$254,709

Form 990s for New Horizons Foundation - A Sheet Metal Industry Initiative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-09990View PDF
2021-122022-09-06990View PDF
2020-122021-05-28990View PDF
2019-122020-10-16990View PDF
2018-122019-08-09990View PDF
...and 9 more Form 990s
Data update history
July 24, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 22, 2023
Received grants
Identified 1 new grant, including a grant for $3,000 from Enterprise Holdings Foundation
July 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 3 new personnel
May 22, 2023
Received grants
Identified 2 new grant, including a grant for $10,000 from SMACNA Greater Chicago
Nonprofit Types
Trade associationsBusiness and community development organizationsChapter / child organizationsCharities
Issues
EducationBusiness and industry
Characteristics
Management and technical assistanceTax deductible donationsNo full-time employees
General information
Address
PO Box 222784
Chantilly, VA 20153
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Fairfax County, VA
Website URL
newhorizonsfoundation.org/ 
Phone
(703) 803-2980
IRS details
EIN
41-1998303
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2001
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Subordinate organization
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