2022-11-15T13:51:40-06:00 2021-12-31 363168081 SIKICH LLP 333 JOHN CARLYLE STREET SUITE 500 ALEXANDRIA VA 22314 990 2021-01-01 131669975 HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC HORA 7036849444 99 CANAL CENTER PLAZA 320 ALEXANDRIA VA 22314 TERRENCE J GIROUX EXECUTIVE DIRECTOR 7036849444 2022-11-09 1 TERRENCE GIROUX 999009999 ANDY POWELL P01318399 7038361350 2022-11-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z TERRENCE J GIROUX 99 CANAL CENTER PLAZA 320 ALEXANDRIA VA 22314 70704245 0 X WWW.HORATIOALGER.ORG X 1951 NY THE PRIMARY EXEMPT PURPOSE OF THE ASSOCIATION IS TWO FOLD : (1) TO PROVIDE SCHOLARSHIP ASSISTANCE TO HELP PROMISING HIGH SCHOOL STUDENTS (WHO FIT THE HORATIO ALGER PROFILE) ATTEND COLLEGE, AND (2) TO SPREAD THE MESSAGE THAT AMERICA'S FREE ENTERPRISE SYSTEM PROVIDES THE GREATEST OPPORTUNITIES IN THE WORLD FOR PERSONAL ACHIEVEMENT AND SUCCESS. THE ASSOCIATION WAS FOUNDED MORE THAN 70 YEARS AGO TO COMBAT A GROWING ATTITUDE AMONG YOUNG PEOPLE THAT ECONOMIC OPPORTUNITY WAS A THING OF THE PAST. THE ASSOCIATION STRIVES TO MOTIVATE AND EDUCATE OUR NATION'S YOUNG PEOPLE TO THE ECONOMIC AND PERSONAL OPPORTUNITIES AFFORDED THEM BY THE PROMISE OF THE AMERICAN FREE-ENTERPRISE SYSTEM. THE ASSOCIATION BRINGS THE "HORATIO ALGER HEROES" OF TODAY TOGETHER WITH THOSE OF TOMORROW BY BESTOWING THE HORATIO ALGER AWARD ANNUALLY; HOSTING CAREER, PUBLIC SERVICE, AND COMMUNITY SERVICE SEMINARS; SPONSORING FREE-ENTERPRISE FORUMS; AWARDING SCHOLARSHIPS EACH YEAR; AND PROVIDING AN INTERNSHIP PROGRAM. 72 72 14 72 0 0 16919001 19560412 28995 20114 708770 738807 9435663 3519 27092429 20322852 11223951 12287913 0 0 2311795 2446876 0 0 297478 7983608 8527523 21519354 23262312 5573075 -2939460 58355936 55305024 34078411 34667099 24277525 20637925 X THE PRIMARY EXEMPT PURPOSE OF THE ASSOCIATION IS TWO FOLD: (1) TO PROVIDE SCHOLARSHIP ASSISTANCE TO HELP PROMISING HIGH SCHOOL STUDENTS (WHO FIT THE HORATIO ALGER PROFILE) ATTEND COLLEGE, AND (2) TO SPREAD THE MESSAGE THAT AMERICA'S FREE ENTERPRISE SYSTEM PROVIDES THE GREATEST OPPORTUNITIES IN THE WORLD FOR PERSONAL ACHIEVEMENT AND SUCCESS. 0 0 5734788 5392018 OTHER SCHOLARSHIP PROGRAMS INCLUDE THE INTERNSHIP AND EXTERNSHIP PROGRAM, THE COST OF SCHOLAR SERVICES, SUCH AS FINANCIAL ADVISING, THE ALUMNI ADVISORY COUNCIL, THE SCHOLARSHIP SELECTION COMMITTEE AND THE MEMBERS FORUM MEETINGS. THE ASSOCIATION ALSO OFFERS GRANTS TO SCHOLARS PURSUING GRADUATE STUDIES THROUGH THE DENNIS WASHINGTON GRADUATE GRANT PROGRAM. 5344687 4789577 STATE SCHOLARSHIPS ARE AWARDED TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS IN PARTICULAR STATES WHO HAVE EXHIBITED INTEGRITY AND PERSEVERANCE IN OVERCOMING PERSONAL ADVERSITY AND WHO ASPIRE TO PURSUE HIGHER EDUCATION. THE PROGRAMS ANNUALLY AWARD SCHOLARSHIPS RANGING FROM $2,500 TO $10,500 TO DESERVING STUDENTS, AS WELL AS PROVIDE EDUCATIONAL AND FINANCIAL COUNSELING TOWARDS OBTAINING A COLLEGE DEGREE. 2739296 MEMBER SUPPORT AND MEETINGS: THE ASSOCIATION CONVENES THE LIFETIME MEMBERS AND LIFE PARTNERS TO ADVANCE THE MISSION, PROGRAMS AND SERVICES OF THE ASSOCIATION ON A REGULAR BASIS INCLUDING, BUT NOT LIMITED TO, THE ANNUAL BOARD OF DIRECTORS MEETING, ANNUAL AWARDS WEEK IN WASHINGTON AND AT SPECIALIZED FORUMS, SUCH AS THE INTERNATIONAL FORUM, ALUMNI SUMMITS AND REGIONAL CONVENINGS. THESE ACTIVITIES INCLUDE ONGOING COMMUNICATIONS WITH MEMBERS, SUCH AS FORUM; THE BIENNIAL REPORT; ONLY IN AMERICA; AND OTHER ONLINE AND PRINTED MATERIALS THAT KEEP THE MEMBERS CONNECTED TO THE ASSOCIATIONS MISSION AND WORK. 467647 NATIONAL SCHOLARS' CONFERENCE 289689 SCHOLARS ALUMNI PROGRAMS 472598 20114 EDUCATIONAL MEDIA AND PUBLICATIONS 804500 SCHOLAR SERVICES AND SUPPORT 236125 RESEARCH 126965 FIELD DIRECTORS PROGRAM 1003413 NATIONAL VISIBILITY 1809228 MEMBERSHIP AND INDUCTION 2298516 2106319 NATIONAL SCHOLARS PROGRAM: THE PROGRAM ALLOWS MORE THAN 100 STUDENTS EACH YEAR FROM HIGH SCHOOLS ACROSS THE UNITED STATES AND PUERTO RICO TO RECEIVE HORATIO ALGER SCHOLARSHIPS. 7508681 2106319 20114 21327452 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 74 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 X 72 72 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X X SIKICH LLP 7038361350 333 JOHN CARLYLE ST SUITE 500 ALEXANDRIA VA 22314 JAMES DICKE CHAIRMAN 1.00 X X 0 0 0 GREGORY E ABEL PRESIDENT 1.00 X X 0 0 0 V PREM WATSA HAAC PRESIDENT 1.00 1.00 X 0 0 0 WALTER SCOTT JR HAEF CHAIRMAN AND PRESIDENT 1.00 1.00 X 0 0 0 JOHN H WEILAND TREASURER 1.00 1.00 X X 0 0 0 BARBARA M BARRETT VICE PRESIDENT 1.00 X X 0 0 0 MATTHEW K ROSE IMMEDIATE PAST CHAIRMAN 1.00 X X 0 0 0 BYRON D TROTT CHAIRMAN EMERITUS 1.00 X 0 0 0 JOSEPH NEUBAUER CHAIRMAN EMERITUS 1.00 1.00 X 0 0 0 PAUL ANTHONY NOVELLY CHAIRMAN EMERITUS, HAEF CHAIRMAN 1.00 1.00 X 0 0 0 DAVID L SOKOL CHAIRMAN EMERITUS, HAEF PRESIDENT 1.00 1.00 X 0 0 0 DENNIS R WASHINGTON CHAIRMAN EMERITUS 1.00 1.00 X 0 0 0 MIKE JACKSON MEMBER AT-LARGE 1.00 X 0 0 0 LINDA D RABBITT MEMBER AT-LARGE 1.00 X 0 0 0 CHRIS SULLIVAN MEMBER AT-LARGE 1.00 X 0 0 0 LOU DOBBS HONORARY MEMBER 1.00 X 0 0 0 CLARENCE THOMAS HONORARY MEMBER 1.00 X 0 0 0 AL ANNEXSTAD BOARD MEMBER 1.00 X 0 0 0 ALAN B MILLER BOARD MEMBER 1.00 X 0 0 0 ALPHONSO R JACKSON BOARD MEMBER 1.00 X 0 0 0 ARTHUR A CIOCCA BOARD MEMBER 1.00 X 0 0 0 BRIAN MULRONEY BOARD MEMBER 1.00 1.00 X 0 0 0 CARL H RICKER JR BOARD MEMBER 1.00 X 0 0 0 CHARLES C ANDERSON SR BOARD MEMBER 1.00 X 0 0 0 JAMES W AYERS BOARD MEMBER 1.00 X 0 0 0 CLARENCE OTIS JR BOARD MEMBER 1.00 X 0 0 0 CRAIG HALL BOARD MEMBER 1.00 X 0 0 0 CRAIG O MCCAW BOARD MEMBER 1.00 X 0 0 0 DAVID L STEWARD BOARD MEMBER 1.00 X 0 0 0 DEAN A CORTOPASSI BOARD MEMBER 1.00 X 0 0 0 DON R DASEKE BOARD MEMBER 1.00 X 0 0 0 EARL W STAFFORD SR BOARD MEMBER 1.00 X 0 0 0 EDMUND A HAJIM BOARD MEMBER 1.00 X 0 0 0 ERNEST S RADY BOARD MEMBER 1.00 X 0 0 0 GILBERT LEVASSEUR BOARD MEMBER 1.00 X 0 0 0 GLENN B STEARNS BOARD MEMBER 1.00 X 0 0 0 GREG P RENKER BOARD MEMBER 1.00 X 0 0 0 HARRY S PATTEN BOARD MEMBER 1.00 X 0 0 0 HARVEY L MASSEY BOARD MEMBER 1.00 X 0 0 0 HOWARD M MEYERS BOARD MEMBER 1.00 X 0 0 0 DR JACK M GILL PHD BOARD MEMBER 1.00 X 0 0 0 JAMES M SENEFF JR BOARD MEMBER 1.00 1.00 X 0 0 0 JEFFREY A RICH BOARD MEMBER 1.00 X 0 0 0 JOSEPH M GRANT BOARD MEMBER 1.00 X 0 0 0 KENNETH G LANGONE BOARD MEMBER 1.00 X 0 0 0 LEE R ANDERSON BOARD MEMBER 1.00 X 0 0 0 LEE E MIKLES BOARD MEMBER 1.00 X 0 0 0 LEON G COOPERMAN BOARD MEMBER 1.00 X 0 0 0 MARCIA G TAYLOR BOARD MEMBER 1.00 X 0 0 0 MARK E DAVIS BOARD MEMBER 1.00 X 0 0 0 MELVYN N KLEIN BOARD MEMBER 1.00 X 0 0 0 NIDO R QUBEIN BOARD MEMBER 1.00 X 0 0 0 PATRICK P LEE BOARD MEMBER 1.00 X 0 0 0 PETER WSTOTT BOARD MEMBER 1.00 X 0 0 0 R JAMES NICHOLSON BOARD MEMBER 1.00 X 0 0 0 DR ROBERT J BROWN BOARD MEMBER 1.00 X 0 0 0 ROBERT G MILLER BOARD MEMBER 1.00 X 0 0 0 ROBERT J SCHLEGEL BOARD MEMBER 1.00 X 0 0 0 DR ROBERT L WRIGHT JR BOARD MEMBER 1.00 X 0 0 0 RONALD M BERGERON SR BOARD MEMBER 1.00 X 0 0 0 RONALD G HARRINGTON BOARD MEMBER 1.00 X 0 0 0 RONALD M SIMON BOARD MEMBER 1.00 X 0 0 0 SAM FOX BOARD MEMBER 1.00 X 0 0 0 SIDNEY D WOLK BOARD MEMBER 1.00 X 0 0 0 STEPHEN C SCHOTT BOARD MEMBER 1.00 X 0 0 0 T DENNY SANFORD BOARD MEMBER 1.00 X 0 0 0 TERRY M GILES BOARD MEMBER 1.00 X 0 0 0 THOMAS JOSEPH SHANNON JR BOARD MEMBER 1.00 X 0 0 0 VALERIE MONTGOMERY RICE BOARD MEMBER 1.00 X 0 0 0 DR WANDA AUSTIN BOARD MEMBER 1.00 X 0 0 0 WILLIAM J DORE BOARD MEMBER 1.00 X 0 0 0 WILLIAM F FARLEY BOARD MEMBER 1.00 X 0 0 0 WILLIAM E GREEHEY BOARD MEMBER 1.00 X 0 0 0 ANTHONY WELTERS BOARD MEMBER 1.00 X 0 0 0 GEORGE L ARGYROS BOARD MEMBER 1.00 X 0 0 0 TERRENCE J GIROUX EXECUTIVE DIRECTOR 32.50 5.00 X 912653 0 435427 JOHN B THORNBURG CHIEF FINANCIAL OFFICER 32.50 5.00 X 219038 0 41936 CONSTANTINE G KATSARASKIS DIRECTOR STRATEGIC INITIAT 36.50 1.00 X 256143 0 30830 KRISTEN R LAW DIRECTOR, EDUCATIONAL AND 37.50 X 188841 0 43714 MARGARET SLIPEK MANAGER EDITORIAL SERVICES 34.50 3.00 X 168333 0 40085 1745008 0 591992 5 0 1 0 LINDER & ASSOCIATES 2150 WISCONSIN AVE NW WASHINGTON DC 20007 EVENT MANAGEMENT 552717 THE RED BANK FILM FACTORY 799 SYCAMORE AVE RED BANK NJ 07701 PRODUCTION, SCRIPTING AND RESEARCH 471271 DESTIN PRODUCTIONS LLC 163 LEONTIOU AVE CLERIOS BLDG LIMASSOL CY 3022 MARKETING CAMPAIGN FOR TV 330000 BRIAN COMMUNICATIONS 123 SOUTH BROAD ST STE 2700 PHILADELPHIA PA 19109 PUBLIC RELATIONS 318936 CUSTOM MANAGEMENT GROUP 154 HANSEN RD CHARLOTTESVILLE VA 22911 SCHOLARSHIP REVIEW AND PROCESSING 288801 23 7203700 12356712 19560412 PRODUCT SALES 900099 20114 20114 20114 659798 659798 50460402 50381393 79009 79009 79009 INSURANCE PROCEEDS 900099 3519 3519 3519 20322852 20114 0 742326 905700 905700 10859221 10859221 522992 522992 1693603 1125277 397358 170968 541215 319197 195011 27007 34206 26425 3513 4268 100848 67008 24200 9640 77004 49930 20188 6886 106013 18265 87748 315784 224643 91141 2099895 1894195 193832 11868 1257481 1179690 77791 567730 379687 166445 21598 224506 176151 36056 12299 271693 196126 56347 19220 206567 145065 57828 3674 1555930 1526214 29716 92333 58572 25676 8085 163378 96762 66616 AUDIO VISUAL & MULTIMED 1547427 1469885 75577 1965 ALL OTHER EXPENSES 118786 86447 32339 23262312 21327452 1637382 297478 3864856 2694562 3641299 10596544 11577304 13107516 50083 58660 1323704 2391966 1344301 867556 457465 476745 37359763 25601735 81462 377296 58355936 55305024 1219863 564482 32858548 34102617 34078411 34667099 X 11144903 6105541 13132622 14532384 24277525 20637925 58355936 55305024 -2939460 -700140 0 X X 0 1 X 1 0 X 32429957 33488836 28414931 16919001 19560412 130813137 32429957 33488836 28414931 16919001 19560412 130813137 8763176 122049961 512295 654837 1012426 743988 659798 3583344 9435663 3519 9439182 143835663 1117687 0.84850 0.84500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 272364035 26466037 29541150 7902462 320468760 252262548 4440305 24288982 8627800 272364035 218873679 4988155 30700798 2300084 252262548 225414837 12149096 -16215358 2474896 218873679 169146128 29306100 29524133 2561524 225414837 0.98911 0.01089 0 1 1 338180 338180 0 1006121 529376 476745 476745 OTHER INVESTMENTS 25601735 F 25601735 DEFERRED COMPENSATION LIABILITY 2235576 DEFERRED RENT 162427 SCHOLARSHIPS PAYABLE 31614832 DUE TO RELATED PARTY 89782 34102617 X 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. FRIENDS APPLICATION FOR SUCH RECOGNITION IS PENDING. NONE HAD NET UNRELATED BUSINESS INCOME TAX DURING THE YEAR ENDED DECEMBER 31, 2021. 1 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES TO PROVIDE SCHOLARSHIP ASSISTANCE TO HELP PROMISING HIGH SCHOOL STUDENTS ATTEND COLLEGE AND TO SPREAD THE MESSAGE REGARDING THE OPPORTUNITIES A FREE ENTERPRISE SYSTEM PROVIDES. 522992 0 0 0 0 0 0 522992 0 522992 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES GENERAL PURPOSES 522992 WIRE TRANSFER 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 THE MORTEL FAMILY CHARITABLE FOUNDATION 1229 SAND HILL ROAD HUMMELSTOWN PA 17036 232875876 501(C)(3) 50000 0 BOOK EDUCATIONAL GRANT FOSTER'S OUTRIDERS FOUNDATION 115 E SNOW KING AVE JACKSON WY 83001 862364547 501(C)(3) 250000 0 BOOK EDUCATIONAL GRANT NATIONAL SCHOLARS PROGRAM 108 2106319 STATE SCHOLARSHIP PROGRAMS 617 4789577 WASHINGTON GRADUATE AND OTHER SCHOLARSHIP PROGRAMS 526 3963325 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED BASED ON EXTENSIVE SELECTION PROCESS AND DISBURSED DIRECTLY TO APPLICANT'S SCHOOL. X X 0 0 0 0 0 0 0 0 0 TERRENCE J GIROUX EXECUTIVE DIRECTOR 473546 0 200000 0 239107 0 26000 0 409427 0 1348080 0 0 0 CONSTANTINE G KATSARASKIS DIRECTOR STRATEGIC INITIAT 256143 0 0 0 0 0 19500 0 11330 0 286973 0 0 0 JOHN B THORNBURG CHIEF FINANCIAL OFFICER 219038 0 0 0 0 0 22034 0 19902 0 260974 0 0 0 KRISTEN R LAW DIRECTOR, EDUCATIONAL AND 188841 0 0 0 0 0 19500 0 24214 0 232555 0 0 0 MARGARET SLIPEK MANAGER EDITORIAL SERVICES 168333 0 0 0 0 0 16833 0 23252 0 208418 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 HORATIO ALGER ASSOCIATION,INC. IS A MEMBERSHIP ORGANIZATION. ADDITIONAL MEMBERS ARE ELECTED EVERY YEAR THROUGH AN EXTENSIVE SELECTION PROCESS. FORM 990, PART VI, SECTION A, LINE 7A FULL MEMBERSHIP BODY VOTES FOR BOARD, BOARD MEMBERS VOTE FOR EXECUTIVE COMMITTEE AND OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ASSOCIATION'S GOVERNANCE AND FINANCE CONSULTANT, EXECUTIVE MANAGEMENT AND ELECTED PRESIDENT AND CHAIRMAN. 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 WILLIS TOWERS WATSON. THE REVIEW INCLUDES SALARY AND BENEFITS. ALL OTHER POSITIONS ARE EVALUATED BY MERCER 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 AND CONFLICT OF INTEREST POLICY ONLY UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE. PART XII, LINE 2C THE NEW PRESIDENT/CEO APPOINTS AN AUDIT COMMITTEE ONCE HE OR SHE ASSUMES OFFICE. THE COMMITTEE APPOINTMENT COINCIDES WITH THE PRESIDENT'S TENURE IN THE OFFICE. HORATIO ALGER ENDOWMENT FUND 99 CANAL CENTER PLAZA ALEXANDRIA VA 22314 272480291 HOLDS AND MANAGES ENDOWMENT FUNDS VA 501(C)(3) 509(A)(3), TYPE 2 0 THE HORATIO ALGER ASSOCIATION OF CANADA 1410 STANLEY STREET SUITE 1010 MONTREAL QUEBEC CA SCHOLARSHIP ASSISTANCE CA 0 FRIENDS OF HAAC INC 99 CANAL CENTER PLAZA ALEXANDRIA VA 22314 853582196 CHARITABLE VA 501(C)(3) 170(B)(1)(A)(VI) 0 0 1 1 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 0 HORATIO ALGER ENDOWMENT FUND C 7203700 COST THE HORATIO ALGER ASSOCIATION OF CANADA B 522992 COST HORATIO ALGER ENDOWMENT FUND Q 667080 COST HORATIO ALGER ENDOWMENT FUND E 89782 COST