2019-11-14T10:59:39-06:00 2018-12-31 260004395 HALT BUZAS & POWELL LTD 1199 N FAIRFAX ST 10TH FLOOR ALEXANDRIA VA 22314 990 2018-01-01 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 2019-11-14 1 STEVEN HALT P01083643 7038361350 2019-11-14 209.190.224.66 2019-11-14 09:54:24 ES P B18DCE4CEC9A5C283D520B79604F6C15FED04EE2 46AFA2030B145C8049A007099A34AA5E498AC9CF 2018 2020-03-31 21:24:44Z TERRENCE J GIROUX 99 CANAL CENTER PLAZA NO 320 ALEXANDRIA VA 22314 48596909 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 60 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 15000 32429957 33653494 399322 376346 514379 570115 0 0 33343658 34599955 17387913 14032974 0 0 2062530 2077472 0 0 194410 10049239 11878314 29499682 27988760 3843976 6611195 45958052 57232159 26243661 31331497 19714391 25900662 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 5697664 322499 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. 6209095 5805954 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. 3008475 2173806 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. 5804130 5553215 OTHER SCHOLARSHIP PROGRAMS 2326390 MEMBER SUPPORT AND MEETINGS 1724544 SCHOLARS ALUMNI PROGRAMS 705102 NATIONAL SCHOLARS' CONFERENCE 500082 500000 AMERICAN SPIRIT BRIDGE 463012 53847 EDUCATIONAL MEDIA AND PUBLICATIONS 127116 SCHOLAR SERVICES AND SUPPORT 115048 RESEARCH 84510 FIELD DIRECTORS MEETING 11849934 6053215 53847 26765168 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 47 0 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 HALT BUZAS & POWELL LTD 7038361350 1199 N FAIRFAX ST 10TH FLOOR ALEXANDRIA VA 22314 DAVID L SOKOL ENDOWMENT FUND OFFICER 1.00 X X 0 0 0 PAUL ANTHONY NOVELLY IMMEDIATE PAST CHAIRMAN 1.00 X X 0 0 0 JOSEPH NEUBAUER ENDOWMENT FUND OFFICER 1.00 X 0 0 0 DENNIS R WASHINGTON CHAIRMAN EMERITUS 1.00 X 0 0 0 WALTER SCOTT JR ENDOWMENT FUND CHAIRMAN AND PRESIDENT 1.00 X 0 0 0 CHRIS SULLIVAN MEMBER-AT-LARGE 1.00 X 0 0 0 ANTHONY WELTERS TREASURER 1.00 X X 0 0 0 BARBARA BARRETT VICE PRESIDENT 1.00 X X 0 0 0 HERBERT F BOECKMANN II BOARD MEMBER 1.00 X 0 0 0 ROBERT J BROWN BOARD MEMBER 1.00 X 0 0 0 DORIS K CHRISTOPHER BOARD MEMBER 1.00 X 0 0 0 ARTHUR A CIOCCA BOARD MEMBER 1.00 X 0 0 0 JOSEPH CLARK BOARD MEMBER 1.00 X 0 0 0 DEAN A CORTOPASSI BOARD MEMBER 1.00 X 0 0 0 LOU DOBBS 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 SAM FOX BOARD MEMBER 1.00 X 0 0 0 TERRY M GILES BOARD MEMBER 1.00 X 0 0 0 DR JACK M GILL BOARD MEMBER 1.00 X 0 0 0 BILL GREEHEY BOARD MEMBER 1.00 X 0 0 0 PATRICK P LEE BOARD MEMBER 1.00 X 0 0 0 JOHN F GRUNDHOFER BOARD MEMBER 1.00 X 0 0 0 THOMAS S HAGGAI BOARD MEMBER 1.00 X 0 0 0 CRAIG HALL BOARD MEMBER 1.00 X 0 0 0 MELVYN N KLEIN BOARD MEMBER 1.00 X 0 0 0 RICHARD L KNOWLTON BOARD MEMBER 1.00 X 0 0 0 LEE E MIKLES BOARD MEMBER 1.00 X 0 0 0 JAMES R MOFFETT BOARD MEMBER 1.00 X 0 0 0 R JAMES NICHOLSON BOARD MEMBER 1.00 X 0 0 0 KENNETH G LANGONE BOARD MEMBER 1.00 X 0 0 0 CARL H RICKER JR BOARD MEMBER 1.00 X 0 0 0 HARRY S RINKER BOARD MEMBER 1.00 X 0 0 0 STEPHEN C SCHOTT BOARD MEMBER 1.00 X 0 0 0 RONALD M SIMON BOARD MEMBER 1.00 X 0 0 0 CLARENCE THOMAS BOARD MEMBER 1.00 X 0 0 0 SIDNEY D WOLK BOARD MEMBER 1.00 X 0 0 0 CRAIG O MCCAW BOARD MEMBER 1.00 X 0 0 0 AL ANNEXSTAD MEMBER-AT-LARGE 1.00 X 0 0 0 JENARD M GROSS BOARD MEMBER 1.00 X 0 0 0 HOWARD M MEYERS BOARD MEMBER 1.00 X 0 0 0 ROBERT G MILLER BOARD MEMBER 1.00 X 0 0 0 BRIAN MULRONEY BOARD MEMBER 1.00 X 0 0 0 JOSEPH M GRANT BOARD MEMBER 1.00 X 0 0 0 JAMES M SENEFF JR ENDOWMENT FUND OFFICER 1.00 X 0 0 0 EARL W STAFFORD SR BOARD MEMBER 1.00 X 0 0 0 DR ROBERT L WRIGHT JR BOARD MEMBER 1.00 X 0 0 0 JEFFREY A RICH BOARD MEMBER 1.00 X 0 0 0 HARRY S PATTEN BOARD MEMBER 1.00 X 0 0 0 BYRON D TROTT CHAIRMAN 1.00 X X 0 0 0 DR WANDA M AUSTIN BOARD MEMBER 1.00 X 0 0 0 GREG P RENKER AT-LARGE MEMBER 1.00 X 0 0 0 THOMAS JOSEPH SHANNON JR BOARD MEMBER 1.00 X 0 0 0 V PREM WATSA HAAC PRESIDENT 1.00 X 0 0 0 JOHN H WEILAND BOARD MEMBER 1.00 X 0 0 0 MATTHEW K ROSE PRESIDENT 1.00 X X 0 0 0 GLENN B STEARNS BOARD MEMBER 1.00 X 0 0 0 CHARLES C ANDERSON SR BOARD MEMBER 1.00 X 0 0 0 LEE R ANDERSON SR BOARD MEMBER 1.00 X 0 0 0 LEON G COOPERMAN BOARD MEMBER 1.00 X 0 0 0 JAMES F DICKE II MEMBER-AT-LARGE 1.00 X 0 0 0 FOSTER STEPHEN FRIESS BOARD MEMBER 1.00 X 0 0 0 EDMUND A HAJIM BOARD MEMBER 1.00 X 0 0 0 RONALD G HARRINGTON BOARD MEMBER 1.00 X 0 0 0 RANDALL DEE HUBBARD BOARD MEMBER 1.00 X 0 0 0 GILBERT EDWARD LEVASSEUR JR BOARD MEMBER 1.00 X 0 0 0 HARVEY L MASSEY BOARD MEMBER 1.00 X 0 0 0 ALAN B MILLER BOARD MEMBER 1.00 X 0 0 0 T DENNY SANFORD BOARD MEMBER 1.00 X 0 0 0 DAVID L STEWARD BOARD MEMBER 1.00 X 0 0 0 PETER W STOTT BOARD MEMBER 1.00 X 0 0 0 J RONALD TERWILLIGER BOARD MEMBER 1.00 X 0 0 0 TERRENCE J GIROUX EXECUTIVE DIRECTOR 37.50 5.00 X 753713 0 431328 JOHN B THORNBURG CHIEF FINANCIAL OFFICER 37.50 X 126795 0 25810 CONSTANTINE KATSARAKIS DIRECTOR STRATEGIC INITIAT 37.50 X 181673 0 27992 MARGARET SLIPEK MANAGER EDITORIAL SERVICES 37.50 X 149339 0 34230 KRISTEN R LAW DIRECTOR, EDUCATIONAL AND ALUMNI PROGRAMS 37.50 X 137595 0 49698 1349115 0 569058 5 0 1 0 LINDER & ASSOCIATES 2150 WISCONSIN AVENUE NW WASHINGTON DC 20007 EVENT MANAGEMENT 746001 RYAN SHORE 309 SOUTH VIA MONTANA BURBANK CA 91501 MUSIC PRODUCTION 612870 DESIGN FOUNDRY 6500 SHERIFF RD UNIT C HYATTSVILLE MD 20785 EVENT DESIGN 591093 NEW GROUP MEDIA 422 E MONROE ST SOUTH BEND IN 46601 AWARD PRODUCTION 350937 SHOWCALL INC 19566 AMARANTH DRIVE GERMANTOWN MD 20874 EQUIPMENT RENTAL & LABOR 306385 21 5401655 28251839 33653494 AWARDS EVENT 900099 322499 322499 VIDEO AND BOOK SALES 900099 53847 53847 376346 654837 654837 13912232 13996954 -84722 -84722 -84722 34599955 376346 0 570115 713341 713341 12880367 12880367 439266 439266 607532 445524 81004 81004 1228637 996849 179715 52073 60348 48512 8752 3084 102400 83232 14791 4377 78555 61846 11187 5522 76083 76083 316604 231715 84889 38672 38672 1718437 1549927 156331 12179 411490 340910 70580 584033 532387 47185 4461 283115 263443 12836 6836 415071 357701 38400 18970 713193 668061 43525 1607 3832621 3816594 16027 52654 41459 7493 3702 66950 4499 62451 AUDIO VISUAL & MULTIMED 2969147 2968028 749 370 ALL OTHER EXPENSES 236464 187117 49122 225 RECOGNITION ITEMS 163780 134390 29390 27988760 26765168 1029182 194410 21194313 18050867 12641246 14553514 1333675 808502 1170527 650588 52020 519939 10403354 23299337 333444 0 45958052 57232159 486128 997850 25757533 30333647 26243661 31331497 X 3866977 10053248 15847414 15847414 19714391 25900662 45958052 57232159 6611195 -424924 0 X X 0 1 X 1 0 X 14860540 20017683 28614928 32429957 33488836 129411944 14860540 20017683 28614928 32429957 33488836 129411944 10177751 119234193 485604 410812 428190 512295 654837 2491738 131903682 1852391 0.90390 0.95470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 225414837 12149096 -16215358 2474896 218873679 169146128 29306100 29524133 2561524 225414837 153719165 7877890 15060872 4985641 2526158 169146128 135484539 31117583 -4507095 3098500 5277362 153719165 115307546 21054942 4700919 2514793 3064075 135484539 0.93310 0.06690 0 1 1 338180 338180 0 832347 312408 519939 519939 OTHER INVESTMENTS 23299337 F 23299337 SCHOLARSHIPS PAYABLE 28615143 DEFERRED RENT 94444 DEFERRED COMPENSATION LIABILITY 330334 DUE TO RELATED PARTY 1293726 30333647 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 EARN UNRELATED BUSINESS INCOME FROM PARKING AND PUBLIC TRANSPORTATION BENEFITS PROVIDED TO EMPLOYEES THAT RESULTS IN DE MINIMIS UNRELATED BUSINESS INCOME TAX. 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. 475662 0 0 0 0 0 0 475662 0 475662 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES GENERAL PURPOSES 475662 WIRE TRANSFER 1 0 0 0 0 0 0 1 THE MORTEL FAMILY CHARITABLE FOUNDATION 1229 SAND HILL ROAD HUMMELSTOWN PA 17036 232875876 501(C)(3) 50000 BOOK EDUCATIONAL GRANT METROPOLITAN COMMUNITY COLLEGE PO BOX 3777 OMAHA NE 68103 470596504 501(C)(3) 100513 BOOK EDUCATIONAL GRANT UNIVERSITY OF NORTH CAROLINA WILMINGTON 601 S COLLEGE ROAD WILMINGTON NC 28403 561258660 501(C)(3) 15828 BOOK EDUCATIONAL GRANT RANDOLPH-MACON ACADEMY 200 ACADEMY DRIVE FRONT ROYAL VA 22630 540505939 501(C)(3) 25000 BOOK EDUCATIONAL GRANT UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE NO 500 MINNEAPOLIS MN 55455 416042488 501(C)(3) 20000 BOOK EDUCATIONAL GRANT THE NATIONAL WWII MUSEUM 945 MAGAZINE STREET NEW ORLEANS LA 70130 721200790 501(C)(3) 500000 BOOK TO SPONSOR A BRIDGE BETWEEN MUSEUM BUILDINGS NATIONAL SCHOLARS PROGRAM 84 2173806 STATE SCHOLARSHIP PROGRAMS 639 5805954 WASHINGTON GRADUATE AND OTHER SCHOLARSHIP PROGRAMS 1161 4900607 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 421032 0 120000 0 212681 0 24500 0 406828 0 1185041 0 0 0 JOHN B THORNBURG CHIEF FINANCIAL OFFICER 126795 0 0 0 0 0 12720 0 13090 0 152605 0 0 0 CONSTANTINE KATSARAKIS DIRECTOR STRATEGIC INITIAT 171673 0 10000 0 0 0 17167 0 10825 0 209665 0 0 0 MARGARET SLIPEK MANAGER EDITORIAL SERVICES 144339 0 5000 0 0 0 14434 0 19796 0 183569 0 0 0 KRISTEN R LAW DIRECTOR, EDUCATIONAL AND ALUMNI PRO 126273 0 0 0 11322 0 13506 0 36192 0 187293 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 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 AND CONFLICT OF INTEREST POLICY ONLY UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE. FORM 990, 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 320 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 0 1 1 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 0 HORATIO ALGER ENDOWMENT FUND C 5401655 COST THE HORATIO ALGER ASSOCIATION OF CANADA B 475662 COST HORATIO ALGER ENDOWMENT FUND Q 143162 COST HORATIO ALGER ENDOWMENT FUND E 1293726 COST