Civic Intelligence

Horatio Alger Endowment Fund

990 • Fiscal year 2018 • EIN 27-2480291

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization ProfileWWW.HORATIOALGER.ORG
99 Canal Center Plaza No 320Alexandria, VA 22314

(703) 684-9444

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

3rd percentile

0.00x

Higher debt load relative to assets than 3% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

4th percentile

0.01x

Higher debt load relative to revenue than 4% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Net Margin

94th percentile

59%

Higher net margin than 94% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

83rd percentile

$1,185,041

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Asset Growth

13th percentile

-5.2%

Faster asset growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

2nd percentile

-52%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Down

$221,540,912

Down $12,162,540 (-5.2%) from 2017

Net Assets

Down

$221,417,811

Down $11,942,811 (-5.1%) from 2017

Liabilities

Down

$123,101

Down $219,729 (-64%) from 2017

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin94th percentile

Revenue

Down

$20,899,848

Down $22,488,435 (-52%) from 2017

Expenses

Down

$8,665,226

Down $3,836,557 (-31%) from 2017

Net Income

Down

$12,234,622

Down $18,651,878 (-60%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2014: $154,408,993Liabilities 2014: $1,735,318Net Assets 2014: $152,673,6752014Assets 2015: $172,801,961Liabilities 2015: $1,888,795Net Assets 2015: $170,913,1662015Assets 2016: $186,483,508Liabilities 2016: $43,368Net Assets 2016: $186,440,1402016Assets 2017: $233,703,452Liabilities 2017: $342,830Net Assets 2017: $233,360,6222017Assets 2018: $221,540,912Liabilities 2018: $123,101Net Assets 2018: $221,417,8112018Assets 2019: $251,574,080Liabilities 2019: $297,306Net Assets 2019: $251,276,7742019Assets 2020: $274,481,369Liabilities 2020: $23,250Net Assets 2020: $274,458,1192020Assets 2021: $322,951,010Liabilities 2021: $25,529Net Assets 2021: $322,925,4812021Assets 2022: $307,856,993Liabilities 2022: $449,732Net Assets 2022: $307,407,2612022Assets 2023: $329,998,445Liabilities 2023: $2,530,054Net Assets 2023: $327,468,3912023Assets 2024: $345,148,740Liabilities 2024: $132,969Net Assets 2024: $345,015,7712024

Highlighted filing

2018

Assets$221,540,912
Liabilities$123,101
Net Assets$221,417,811
Open 2018 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MRevenue 2014: $31,694,668Expenses 2014: $6,079,963Net Income 2014: $25,614,7052014Revenue 2015: $36,374,870Expenses 2015: $9,260,321Net Income 2015: $27,114,5492015Revenue 2016: $14,006,271Expenses 2016: $7,820,524Net Income 2016: $6,185,7472016Revenue 2017: $43,388,283Expenses 2017: $12,501,783Net Income 2017: $30,886,5002017Revenue 2018: $20,899,848Expenses 2018: $8,665,226Net Income 2018: $12,234,6222018Revenue 2019: $27,173,917Expenses 2019: $11,348,007Net Income 2019: $15,825,9102019Revenue 2020: $16,840,883Expenses 2020: $8,944,491Net Income 2020: $7,896,3922020Revenue 2021: $58,271,352Expenses 2021: $8,352,050Net Income 2021: $49,919,3022021Revenue 2022: $41,403,763Expenses 2022: $7,017,611Net Income 2022: $34,386,1522022Revenue 2023: $12,596,913Expenses 2023: $15,504,446Net Income 2023: -$2,907,5332023Revenue 2024: $13,748,030Expenses 2024: $16,122,465Net Income 2024: -$2,374,4352024

Highlighted filing

2018

Revenue$20,899,848
Expenses$8,665,226
Net Income$12,234,622
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$39,143,641
Mission and Program Overview

Mission

The purpose of the fund is to promote educational and charitable purposes, and in particular to receive, hold, invest and distribute funds to the horatio alger association of distinguished americans, inc. (the "association") for the benefit of the association's existing and future programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$199,252,590$191,956,985▼ $7,295,605
Savings and Temporary Cash Investments$15,209,756$15,410,553▲ $200,797
Pledges and Grants Receivable$11,124,754$10,662,624▼ $462,130
Cash and Non-Interest-Bearing Accounts$5,737,059$497,143▼ $5,239,916
Prepaid Expenses and Deferred Charges$377,400$0▼ $377,400
Investments Other Securities$163,162$91,394▼ $71,768
Total Assets$233,703,452$221,540,912▼ $12,162,540
Other Assets Total$1,838,731$2,922,213▲ $1,083,482
Liabilities
Other Liabilities$333,444$0▼ $333,444
Accounts Payable and Accrued Expenses$9,386$123,101▲ $113,715
Total Liabilities$342,830$123,101▼ $219,729
Net Assets / Fund Balance
Unrestricted Net Assets$218,046,335$206,103,524▼ $11,942,811
Temporarily Rstr Net Assets$10,367,732$10,367,732→ $0
Permanently Rstr Net Assets$4,946,555$4,946,555→ $0
Total Net Assets Fund Balance$233,360,622$221,417,811▼ $11,942,811
Total Liabilities and Net Assets / Fund Balance$233,703,452$221,540,912▼ $12,162,540

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$225,414,837$12,149,096▼ $16,215,358-$218,873,679
2017$169,146,128$29,306,100▲ $29,524,133-$225,414,837
2016$153,719,165$7,877,890▲ $15,060,872$2,526,158$169,146,128
2015$135,484,539$31,117,583▼ $4,507,095$5,277,362$153,719,165
2014$115,307,546$21,054,942▲ $4,700,919$3,064,075$135,484,539
Compensation and Service Providers
Top Officer Pay83rd percentile

Board Members and Trustees

NameTitle
Walter Scott JrChairman and President
David L SokolVice President
Dennis R WashingtonDirector
James M Seneff JrDirector
Paul Anthony NovellyDirector
Terrence J GirouxExecutive Director
Anthony WeltersAssistant Secretary
Joseph NeubauerSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Todo Productions LLCProductions380 RECTOR PLACE 11J, New York, NJ 10280, Ca$253,359
The TenorsOperatic Pop Music Performance5146 COLLINGSWOOD DRIVE, Raleigh, NC 27609$250,000
Decibel ManagementEvent Management8182 MARYLAND AVENUE 6TH FLOOR, St Louis, MO 63105$236,270
Summit Strategies GroupInvestment Consulting200 FOUR FALLS CORPORATE CENTER SU, Conshohocken, PA 19428$218,349
Brian CommunicationsPublic Relations And Marketing Campaigns-$133,980
Revenue and Support

Revenue Composition

Contributions and Grants
$11,984,438
Program Service Revenue
$0
Investment Income
$8,915,410
Other Revenue
$0
All Other Contributions
$11,984,438
Change in Net Assets
$12,234,622
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,401,655
Other Expenses$2,868,705
Salaries, Compensation, and Employee Benefits$394,866
Total Fundraising Expense$361,109
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,401,655--$5,401,655
Fees for Service Investment Mgmnt Fees-$953,333-$953,333
Advertising$519,089--$519,089
Conferences and Meetings$428,142--$428,142
Fees for Services Other$181,762$57,954$23,969$263,685
Current Officers, Directors, Trustees, and Key Employees-$59,659$142,851$202,510
Other Salaries and Wages-$45,821$109,715$155,536
Fees for Services Accounting-$56,321-$56,321
Occupancy-$15,109$36,177$51,286
Office Expenses$5,144$5,698$7,019$17,861
Information Technology-$4,859$11,634$16,493
Payroll Taxes-$4,398$10,530$14,928
Other Employee Benefits-$3,845$9,210$13,055
Pension Plan Contributions-$2,604$6,233$8,837
Travel-$1,380$3,065$4,445
Other Expenses$4,093$295$706$4,093
Total Functional Expenses$7,092,841$1,211,276$361,109$8,665,226
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Horatio Alger Assn of Distinguished Americans IncAlexandria, VA501(c)(3)Transfers to Supported Organization$5,401,655
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“The haef bylaws and articles of incorporation give the haada board the power (which it currently does not exercise) to appoint the majority of the haef board members.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the fund's governance and finance consultant, executive management and elected president.”

Form 990, Part VI, Section B, Line 12C

“All board members and employees are asked to comply with the written policy by disclosing any business transaction in which board member, staff or their families have a financial interest to the full board. Executive director personally monitors activities of members to assure compliance.”

Form 990, Part VI, Section B, Line 15

“The executive director's compensation is set by the board of directors after receiving a study of comparable organizations by towers-perrin. The review includes salary and benefits. All other positions are evaluated by towers-perrin every 3 years, and they provide the association with a study of comparable positions and salary ranges for every job title on the staff.”

Form 990, Part VI, Section C, Line 19

“The organization makes available its governing documents, conflict of interest policy and financial statements only upon request.”

Filing and Contact Details

Filer

Filer Name
Horatio Alger Endowment Fund
EIN
27-2480291
Phone
7036849444
Address
99 CANAL CENTER PLAZA NO 320, ALEXANDRIA, VA 22314

Signing Officer

Name
Terrence J Giroux
Title
Executive Director
Phone
7036849444
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terrence J Giroux
Formed
2010
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
0

Preparer

Firm
Halt Buzas & Powell Ltd
Address
1199 N FAIRFAX ST 10TH FLOOR, ALEXANDRIA, VA 22314
Preparer
Steven Halt
Phone
7038361350
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There was no change in the process for overseeing the audit for the prior year.”

Financial Statement Notes

PART V, LINE 4:

“The endowment funds are used to fund undergraduate and graduate scholarships in honor of horatio alger members at the national, state levels and within canada. They are also used to advance the association's national visibility initiatives through public service advertising, concerts, and communications program which should ultimately assist in raising visibility and increase contributions.”

PART X, LINE 2:

“Horatio and the fund have been recognized as exempt from federal income taxes by the internal revenue service under section 501(c)(3) of the internal revenue code and each has been classified as an organization that is not a private foundation. Management evaluated the tax positions and concluded that horatio and the fund have taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance.”

Raw XML AppendixShowing 400 of 574 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt022257094
IRS990/GrossReceiptsAmt039143641
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt011634
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04859
IRS990/InformationTechnologyGrp/TotalAmt016493
IRS990/InvestmentIncomeGrp/ExclusionAmt04902109
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04902109
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0163162
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt091394
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0199252590
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0191956985
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt018243793
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PURPOSE OF THE FUND IS TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES, AND IN PARTICULAR TO RECEIVE, HOLD, INVEST AND DISTRIBUTE FUNDS TO THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. (THE "ASSOCIATION") FOR THE BENEFIT OF THE ASSOCIATION'S EXISTING AND FUTURE PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0233360622
IRS990/NetAssetsOrFundBalancesEOYAmt0221417811
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt04013301
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04013301
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-24177433
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt036177
IRS990/OccupancyGrp/ManagementAndGeneralAmt015109
IRS990/OccupancyGrp/TotalAmt051286
IRS990/OfficeExpensesGrp/FundraisingAmt07019
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05698
IRS990/OfficeExpensesGrp/ProgramServicesAmt05144
IRS990/OfficeExpensesGrp/TotalAmt017861
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01838731
IRS990/OtherAssetsTotalGrp/EOYAmt02922213
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt09210
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03845
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013055
IRS990/OtherExpensesGrp/Desc0AUDIO VISUAL AND MULTIM
IRS990/OtherExpensesGrp/Desc1PUBLIC OUTREACH
IRS990/OtherExpensesGrp/FundraisingAmt0706
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0295
IRS990/OtherExpensesGrp/ProgramServicesAmt0552956
IRS990/OtherExpensesGrp/ProgramServicesAmt14093
IRS990/OtherExpensesGrp/TotalAmt0553957
IRS990/OtherExpensesGrp/TotalAmt14093
IRS990/OtherLiabilitiesGrp/BOYAmt0333444
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0109715
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt045821
IRS990/OtherSalariesAndWagesGrp/TotalAmt0155536
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt010530
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04398
IRS990/PayrollTaxesGrp/TotalAmt014928
IRS990/PensionPlanContributionsGrp/FundraisingAmt06233
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02604
IRS990/PensionPlanContributionsGrp/TotalAmt08837
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt04946555
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt04946555
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt011124754
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt010662624
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0377400
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0TERRENCE J GIROUX
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt029306100
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt09358214
IRS990/PYInvestmentIncomeAmt014082183
IRS990/PYOtherExpensesAmt02793819
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt030886500
IRS990/PYSalariesCompEmpBnftPaidAmt0349750
IRS990/PYTotalExpensesAmt012501783
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt043388283
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt012234622
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015209756
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015410553
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0IN ITS DETERMINATION LETTER TO THE HORATIO ALGER ENDOWMENT FUND (THE "FUND"), DATED AUGUST 30, 2010, THE INTERNAL REVENUE SERVICE ("IRS") STATED, AMONG OTHER THINGS, THAT THE IRS HAD DETERMINED THAT THE FUND IS A TYPE 2 SUPPORTING ORGANIZATION UNDER INTERNAL REVENUE CODE ("IRC") SECTION 590(A)(3). THE MANNER IN WHICH THE FUND SATISFIES THE TYPE II SUPPORTING ORGANIZATION "RELATIONSHIP TEST" IS SET FORTH BELOW, AND WAS SET FORTH IN THE FUND'S FORM 1023, DATED JULY 6, 2010, ON WHICH THE IRS'S DETERMINATION LETTER WAS BASED. THERE HAVE BEEN NO CHANGES TO THE MANNER IN WHICH THE FUND OPERATES IN THIS REGARD SINCE THE FUND FILED ITS FORM 1023. IN ACCORDANCE WITH ARTICLE 2 OF THE FUND'S ARTICLES OF INCORPORATION, THE FUND SUPPORTS ONE ORGANIZATION: THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC., A NONPROFIT MEMBERSHIP CORPORATION AND PUBLIC CHARITY UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) (THE "ASSOCIATION"). IN ACCORDANCE WITH ARTICLE 6 OF THE FUND'S ARTICLES OF INCORPORATION, AT ALL TIMES (A) A MAJORITY OF DIRECTORS ON THE FUND'S BOARD OF DIRECTORS (THE "BOARD DIRECTORS") CONCURRENTLY SERVE ON THE ASSOCIATION'S BOARD OF DIRECTORS, AND (B) THE REMAINING DIRECTORS ON THE FUND'S BOARD OF DIRECTORS (THE "MEMBER DIRECTORS") ARE ACTIVE MEMBERS OF THE ASSOCIATION. (MEMBER DIRECTORS MAY (BUT ARE NOT REQUIRED TO) SERVE ON THE BOARD OF DIRECTORS OF THE ASSOCIATION IN ADDITION TO BEING ACTIVE MEMBERS OF THE ASSOCIATION.) BOARD DIRECTORS ARE ELECTED BY PLURALITY VOTE OF THE BOARD OF DIRECTORS OF THE ASSOCIATION, AND MEMBER DIRECTORS ARE ELECTED BY PLURALITY VOTE OF THE BOARD DIRECTORS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION C, LINE 1:
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0131669975
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt05401655
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt05401655
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.93310
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0225414837
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt012149096
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0218873679
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt02474896
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-16215358
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0169146128
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt029306100
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0225414837
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt02561524
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt029524133
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0153719165
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt07877890
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0169146128
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt04985641
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt015060872
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt02526158
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0135484539
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt031117583
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0153719165
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt03098500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-4507095
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt05277362
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0115307546
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt021054942
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0135484539
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt02514793
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04700919
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt03064075
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.06690
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE USED TO FUND UNDERGRADUATE AND GRADUATE SCHOLARSHIPS IN HONOR OF HORATIO ALGER MEMBERS AT THE NATIONAL, STATE LEVELS AND WITHIN CANADA. THEY ARE ALSO USED TO ADVANCE THE ASSOCIATION'S NATIONAL VISIBILITY INITIATIVES THROUGH PUBLIC SERVICE ADVERTISING, CONCERTS, AND COMMUNICATIONS PROGRAM WHICH SHOULD ULTIMATELY ASSIST IN RAISING VISIBILITY AND INCREASE CONTRIBUTIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1HORATIO AND THE FUND HAVE BEEN RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES BY THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EACH HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. MANAGEMENT EVALUATED THE TAX POSITIONS AND CONCLUDED THAT HORATIO AND THE FUND HAVE TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt05401655
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TRANSFERS TO SUPPORTED ORGANIZATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC
IRS990ScheduleI/RecipientTable/RecipientEIN0136669975
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt099 CANAL CENTER PLAZA
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ALEXANDRIA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022314
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EXTENSIVE AND ONGOING COMMUNICATION WITH SUPPORTED ORGANIZATION AND GRANT REQUIREMENTS
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$221,540,912
Liabilities
$123,101
Net assets
$221,417,811
Revenue
$20,899,848
Expenses
$8,665,226
Net income
$12,234,622
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$345$0.13$345$13.7$16.1$2.37
2023Detailed filing. Detailed filing data is available for this year.$330$2.53$327$12.6$15.5$2.91
2022Detailed filing. Detailed filing data is available for this year.$308$0.45$307$41.4$7.02$34.4
2021Detailed filing. Detailed filing data is available for this year.$323$0.03$323$58.3$8.35$49.9
2020Detailed filing. Detailed filing data is available for this year.$274$0.02$274$16.8$8.94$7.90
2019Detailed filing. Detailed filing data is available for this year.$252$0.30$251$27.2$11.3$15.8
2018Detailed filing. Detailed filing data is available for this year.$222$0.12$221$20.9$8.67$12.2
2017Detailed filing. Detailed filing data is available for this year.$234$0.34$233$43.4$12.5$30.9
2016Detailed filing. Detailed filing data is available for this year.$186$0.04$186$14.0$7.82$6.19
2015Detailed filing. Detailed filing data is available for this year.$173$1.89$171$36.4$9.26$27.1
2014Detailed filing. Detailed filing data is available for this year.$154$1.74$153$31.7$6.08$25.6