2021-11-15T14:09:43-06:00 2020-12-31 363168081 SIKICH LLP 1199 N FAIRFAX STREET 10TH FLOOR ALEXANDRIA VA 22314 990 2020-01-01 131669975 HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC HORA 7036849444 99 CANAL CENTER PLAZA NO 320 ALEXANDRIA VA 22314 TERRENCE J GIROUX EXECUTIVE DIRECTOR 7036849444 2021-11-15 1 TERRENCE GIROUX 999009999 ANDY POWELL P01318399 7038361350 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z TERRENCE J GIROUX 99 CANAL CENTER PLAZA NO 320 ALEXANDRIA VA 22314 51821457 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. 77 77 9 20 27621 0 28414931 16919001 292910 28995 1135288 708770 0 9435663 29843129 27092429 17248554 11223951 0 0 2102568 2311795 0 0 278697 12225624 7983608 31576746 21519354 -1733617 5573075 55150866 58355936 33483748 34078411 21667118 24277525 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 6605854 5358436 STATE SCHOLARSHIP PROGRAMS: SCHOLARSHIPS ARE AWARDED ANNUALLY IN PARTICULAR STATES TO STUDENTS WHO HAVE EXHIBITED INTEGRITY AND HAVE OVERCOME ADVERSITY SO THEY MAY PURSUE HIGHER EDUCATION. 3351032 HORATIO ALGER MEMBERSHIP PROGRAMS AND INDUCTION CEREMONIES: THIS HONOR IS PRESENTED TO APPROXIMATELY TEN AMERICANS EACH YEAR IN RECOGNITION OF THEIR OUTSTANDING CONTRIBUTIONS IN THEIR CHOSEN FIELDS. 2275005 2156753 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. 791535 NATIONAL SCHOLARS' CONFERENCE 104548 SCHOLARS ALUMNI PROGRAMS 403867 1374 EDUCATIONAL MEDIA AND PUBLICATIONS 739847 SCHOLAR SERVICES AND SUPPORT 172908 RESEARCH 108556 FIELD DIRECTORS PROGRAM 319750 NATIONAL VISIBILITY 1153783 MEMBER SUPPORT AND MEETINGS 3614292 3708762 OTHER SCHOLARSHIP PROGRAMS 7409086 3708762 1374 19640977 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 49 0 1 9 1 1 1 0 0 0 0 1 1 0 0 0 0 X 77 77 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 1199 N FAIRFAX ST 10TH FLOOR ALEXANDRIA VA 22314 JAMES DICKE PRESIDENT 1.00 X X 0 0 0 GREGORY ABEL VICE PRESIDENT 1.00 X X 0 0 0 WATSA V PREM HAAC PRESIDENT 1.00 1.00 X 0 0 0 SCOTT WALTER JR HAEF CHAIRMAN AND PRESIDENT 1.00 1.00 X 0 0 0 ANTHONY WELTERS TREASURER 1.00 1.00 X X 0 0 0 MATTHEW ROSE CHAIRMAN 1.00 X X 0 0 0 BYRON TROTT IMMEDIATE PAST CHAIRMAN 1.00 X X 0 0 0 JOSEPH NEUBAUER CHAIRMAN EMERITUS 1.00 1.00 X 0 0 0 PAUL ANTHONY NOVELLY CHAIRMAN EMERITUS 1.00 1.00 X 0 0 0 DAVID SOKOL CHAIRMAN EMERITUS 1.00 1.00 X 0 0 0 DENNIS WASHINGTON CHAIRMAN EMERITUS 1.00 1.00 X 0 0 0 VALERIE MONTGOMERY RICE AT-LARGE MEMBER 1.00 X 0 0 0 GREG RENKER AT-LARGE MEMBER 1.00 X 0 0 0 DOBBS LOU HONORARY MEMBER 1.00 X 0 0 0 THOMAS CLARENCE HONORARY MEMBER 1.00 X 0 0 0 AL ANNEXSTAD BOARD MEMBER 1.00 X 0 0 0 ALAN MILLER BOARD MEMBER 1.00 X 0 0 0 ALPHONSO JACKSON BOARD MEMBER 1.00 X 0 0 0 ARTHUR CIOCCA BOARD MEMBER 1.00 X 0 0 0 BRIAN MULRONEY BOARD MEMBER 1.00 1.00 X 0 0 0 CARL RICKER BOARD MEMBER 1.00 X 0 0 0 CHARLES ANDERSON BOARD MEMBER 1.00 X 0 0 0 CHRIS SULLIVAN BOARD MEMBER 1.00 X 0 0 0 CLARENCE OTIS BOARD MEMBER 1.00 X 0 0 0 CRAIG HALL BOARD MEMBER 1.00 X 0 0 0 CRAIG MCCAW BOARD MEMBER 1.00 X 0 0 0 DAVID STEWARD BOARD MEMBER 1.00 X 0 0 0 DEAN CORTOPASSI BOARD MEMBER 1.00 X 0 0 0 DON DASEKE BOARD MEMBER 1.00 X 0 0 0 EARL STAFFORD SR BOARD MEMBER 1.00 X 0 0 0 EDMUND HAJIM BOARD MEMBER 1.00 X 0 0 0 ERNEST RADY BOARD MEMBER 1.00 X 0 0 0 FOSTER FRIESS BOARD MEMBER 1.00 X 0 0 0 GILBERT LEVASSEUR BOARD MEMBER 1.00 X 0 0 0 GLENN STEARNS BOARD MEMBER 1.00 X 0 0 0 HARRY PATTEN BOARD MEMBER 1.00 X 0 0 0 HARRY RINKER BOARD MEMBER 1.00 X 0 0 0 HARVEY MASSEY BOARD MEMBER 1.00 X 0 0 0 HOWARD MEYERS BOARD MEMBER 1.00 X 0 0 0 JACK GILL BOARD MEMBER 1.00 X 0 0 0 JAMES SENEFF BOARD MEMBER 1.00 1.00 X 0 0 0 JEFFREY RICH BOARD MEMBER 1.00 X 0 0 0 JOHN WEILAND BOARD MEMBER 1.00 X 0 0 0 JOSEPH GRANT BOARD MEMBER 1.00 X 0 0 0 KENNETH LANGONE BOARD MEMBER 1.00 X 0 0 0 LEE ANDERSON BOARD MEMBER 1.00 X 0 0 0 LEE MIKLES BOARD MEMBER 1.00 X 0 0 0 LEON COOPERMAN BOARD MEMBER 1.00 X 0 0 0 LINDA RABBITT BOARD MEMBER 1.00 X 0 0 0 MARCIA TAYLOR BOARD MEMBER 1.00 X 0 0 0 MARK DAVIS BOARD MEMBER 1.00 X 0 0 0 MELVYN KLEIN BOARD MEMBER 1.00 X 0 0 0 MIKE JACKSON BOARD MEMBER 1.00 X 0 0 0 NIDO QUBEIN BOARD MEMBER 1.00 X 0 0 0 PATRICK LEE BOARD MEMBER 1.00 X 0 0 0 PETER STOTT BOARD MEMBER 1.00 X 0 0 0 R JAMES NICHOLSON BOARD MEMBER 1.00 X 0 0 0 ROBERT BROWN BOARD MEMBER 1.00 X 0 0 0 ROBERT MILLER BOARD MEMBER 1.00 X 0 0 0 ROBERT SCHLEGEL BOARD MEMBER 1.00 X 0 0 0 ROBERT WRIGHT BOARD MEMBER 1.00 X 0 0 0 RONALD BERGERON BOARD MEMBER 1.00 X 0 0 0 RONALD HARRINGTON BOARD MEMBER 1.00 X 0 0 0 RONALD SIMON BOARD MEMBER 1.00 X 0 0 0 SAM FOX BOARD MEMBER 1.00 X 0 0 0 SIDNEY WOLK BOARD MEMBER 1.00 X 0 0 0 STEPHEN SCHOTT BOARD MEMBER 1.00 X 0 0 0 T DENNY SANFORD BOARD MEMBER 1.00 X 0 0 0 TERRY GILES BOARD MEMBER 1.00 X 0 0 0 THOMAS SHANNON BOARD MEMBER 1.00 X 0 0 0 WANDA AUSTIN BOARD MEMBER 1.00 X 0 0 0 WILLIAM DORE BOARD MEMBER 1.00 X 0 0 0 WILLIAM FARLEY BOARD MEMBER 1.00 X 0 0 0 WILLIAM GREEHEY BOARD MEMBER 1.00 X 0 0 0 TERRENCE J GIROUX EXECUTIVE DIRECTOR 32.50 5.00 X 835444 0 434765 JOHN B THORNBURG CHIEF FINANCIAL OFFICER 32.50 5.00 X 209403 0 34482 CONSTANTINE G KATSARAKIS ASSOCIATE EXECUTIVE DIRECTOR 36.50 1.00 X 244036 0 33243 KRISTEN R LAW SR DIR, EDUCATIONAL AND ALUMNI PRGRMS 37.50 X 178912 0 61578 MARGARET SLIPEK MANAGER EDITORIAL SERVICES 34.50 3.00 X 163332 0 36890 1631127 0 600958 5 0 1 0 LINDER & ASSOCIATES 2150 WISCONSIN AVE NW WASHINGTON DC 20007 EVENT MANAGEMENT 674018 THE RED BANK FILM FACTORY 799 SYCAMORE AVE RED BANK NJ 07701 SCRIPTING AND RESEARCH 401723 TODO PRODUCTIONS LLC 134 WEST 26TH ST STE 400 NEW YORK NY 10001 EVENT PRODUCTION 388382 CUSTOM MANAGEMENT GROUP 154 HANSEN RD CHARLOTTESVILLE VA 22911 SCHOLARSHIP REVIEW SUPPORT 376924 BRIAN COMMUNICATIONS 123 SOUTH BROAD ST STE 2700 PHILADELPHIA PA 19109 PUBLIC RELATIONS 317316 17 7752383 9166618 16919001 PRODUCT SALES 900099 28995 1374 27621 28995 743988 743988 24693810 24729028 -35218 -35218 -35218 INSURANCE PROCEEDS 900099 9435663 9435663 9435663 27092429 1374 27621 10144433 291553 291553 10262780 10262780 669618 669618 1252833 840268 285545 127020 799297 514559 231252 53486 66099 47955 12023 6121 115221 78187 27100 9934 78345 51972 19485 6888 119372 85558 33814 309159 230979 78180 1916114 1808215 92758 15141 420881 360254 60627 426266 235676 167934 22656 214189 185011 21436 7742 293931 210367 62875 20689 231264 207831 21284 2149 1309488 1292021 17467 75175 49886 18681 6608 86405 39049 47356 AUDIO VISUAL & MULTIMED 2151037 2122278 28496 263 BAD DEBT 300000 300000 ALL OTHER EXPENSES 130327 56960 73367 21519354 19640977 1599680 278697 3864856 11954783 3641299 14739157 11577304 50083 2071525 1323704 1235892 778427 497413 457465 25625722 37359763 262266 81462 55150866 58355936 663576 1219863 32820172 32858548 33483748 34078411 X 5396078 11144903 16271040 13132622 21667118 24277525 55150866 58355936 X 5573075 200012 -3162680 X X 0 1 X 1 0 X 28614928 32429957 33488836 28414931 16919001 139867653 28614928 32429957 33488836 28414931 16919001 139867653 10876574 128991079 428190 512295 654837 1012426 743988 3351736 9435663 9435663 152655052 1435863 0.84500 0.89250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 252262548 4440305 24288982 8627800 272364035 218873679 4988155 30700798 2300084 252262548 225414837 12149096 -16215358 2474896 218873679 169146128 29306100 29524133 2561524 225414837 153719165 7877890 15060872 4985641 2526158 169146128 0.98756 0.01244 0 1 1 338180 338180 0 897712 440247 457465 457465 OTHER INVESTMENTS 37359763 F 37359763 DEFERRED COMPENSATION LIABILITY 1392160 DEFERRED RENT 96431 SCHOLARSHIPS PAYABLE 31226296 DUE TO RELATED PARTY 143661 32858548 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. HORATIO AND THE FUND HAD NO NET UNRELATED BUSINESS INCOME TAX DURING THE YEAR ENDED DECEMBER 31, 2020. 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. 0 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. 669618 0 0 0 0 0 0 669618 0 669618 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES GENERAL PURPOSES 669618 WIRE TRANSFER 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 RANDOLPH-MACON ACADEMY 200 ACADEMY DRIVE FRONT ROYAL VA 22630 540505939 501(C)(3) 31553 BOOK EDUCATIONAL GRANT THE MORTEL FAMILY CHARITABLE FOUNDATION 1229 SAND HILL ROAD HUMMELSTOWN PA 17036 232875876 501(C)(3) 50000 BOOK EDUCATIONAL GRANT UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE NO 500 MINNEAPOLIS MN 55455 416042488 501(C)(3) 45000 BOOK EDUCATIONAL GRANT MAKING WAVES FOUNDATION 3045 RESEARCH DR RICHMOND CA 94806 680204312 501(C)(3) 161000 BOOK EDUCATIONAL GRANT NATIONAL SCHOLARS PROGRAM 392 2156753 STATE SCHOLARSHIP PROGRAMS 2225 5358436 WASHINGTON GRADUATE AND OTHER SCHOLARSHIP PROGRAMS 1428 2747591 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED BASED ON EXTENSIVE SELECTION PROCESS AND DISBURSED DIRECTLY TO APPLICANT'S SCHOOL. X X X 0 0 0 0 0 0 0 0 0 TERRENCE J GIROUX EXECUTIVE DIRECTOR 456634 0 150000 0 228810 0 25731 0 409034 0 1270209 0 0 0 CONSTANTINE G KATSARAKIS ASSOCIATE EXECUTIVE DIRECTOR 244036 0 0 0 0 0 22114 0 11129 0 277279 0 0 0 JOHN B THORNBURG CHIEF FINANCIAL OFFICER 209403 0 0 0 0 0 15385 0 19097 0 243885 0 0 0 KRISTEN R LAW SR DIR, EDUCATIONAL AND ALUMNI PRGRM 178912 0 0 0 0 0 18482 0 43096 0 240490 0 0 0 MARGARET SLIPEK MANAGER EDITORIAL SERVICES 161464 0 1868 0 0 0 15153 0 21737 0 200222 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. FORM 990, PART XI, LINE 9: TRANSFER EXCESS FUNDS TO ENDOWMENT -3,162,680. 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 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 7752383 COST THE HORATIO ALGER ASSOCIATION OF CANADA B 649000 COST HORATIO ALGER ENDOWMENT FUND Q 644046 COST HORATIO ALGER ENDOWMENT FUND E 143661 COST