2017-10-24T11:22:28-05:00 2016-12-31 260004395 HALT BUZAS & POWELL LTD 1199 N FAIRFAX ST 10TH FLOOR ALEXANDRIA VA 22314 990 2016-01-01 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 2017-10-24 1 STEVEN HALT P01083643 7038361350 2017-10-24 107.0.81.98 2017-10-24 12:22:16 ED P AF88925CDAD8F59F40CDCC45A33EC8BCB6EAEB24 AF88925CDAD8F59F40CDCC45A33EC8BCB6EAEB24 2016 2021-01-29 14:40:06Z TERRENCE J GIROUX 99 CANAL CENTER PLAZA NO 320 ALEXANDRIA VA 22314 37635355 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 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. 81 81 12 81 0 0 20017683 28614928 376283 338290 361621 350482 0 0 20755587 29303700 9081292 13613138 0 0 1758214 1805896 0 0 224501 7541576 9059824 18381082 24478858 2374505 4824842 30758631 46341487 19997920 30551549 10760711 15789938 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 5072599 306750 HORATIO ALGER MEMBERSHIP PROGRAMS AND INDUCTION CEREMONIES: THIS HONOR IS PRESENTED TO TEN AMERICANS EACH YEAR IN RECOGNITION OF THEIR OUTSTANDING CONTRIBUTIONS IN THEIR CHOSEN FIELDS. 5267537 4947641 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. 2460656 2288313 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. 113225 SCHOLARS ALUMNI PROGRAM 1306057 EDUCATIONAL PROGRAMS AND MEETINGS 85462 COLLEGIATE PARTNERS PROGRAM 469606 31540 EDUCATIONAL MATERIALS 363743 STATE OF OUR NATION'S YOUTH 323926 FIELD DIRECTORS MEETING 7491377 6377184 OTHER SCHOLARSHIP PROGRAM 509555 NATIONAL SCHOLARS' CONFERENCE 10662951 6377184 31540 23463743 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 37 0 12 1 0 0 0 0 0 1 1 0 0 X 81 81 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X HALT BUZAS & POWELL LTD 7038361350 1199 N FAIRFAX ST 10TH FLOOR ALEXANDRIA VA 22314 JOHN A CANNING JR BOARD MEMBER 1.00 X 0 0 0 DAVID L SOKOL CHAIRMAN EMERITUS 1.00 X X 0 0 0 PAUL ANTHONY NOVELLY CHAIRMAN 1.00 X X 0 0 0 GEORGE L ARGYROS CHAIRMAN EMERITUS 1.00 X 0 0 0 JOSEPH NEUBAUER CHAIRMAN EMERITUS 1.00 X 0 0 0 DENNIS R WASHINGTON CHAIRMAN EMERITUS 1.00 X 0 0 0 WALTER SCOTT JR CHAIRMAN EMERITUS 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 BOARD MEMBER 1.00 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 MEMBER-AT-LARGE 1.00 X 0 0 0 WILLIAM F FARLEY BOARD MEMBER 1.00 X 0 0 0 DOMINIC D'ALESSANDRO 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 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 H WAYNE HUIZENGA CHAIRMAN EMERITUS 1.00 X 0 0 0 MELVYN N KLEIN BOARD MEMBER 1.00 X 0 0 0 RICHARD L KNOWLTON CHAIRMAN EMERITUS 1.00 X 0 0 0 LEE E MIKLES BOARD MEMBER 1.00 X 0 0 0 JAMES R MOFFETT CHAIRMAN EMERITUS 1.00 X 0 0 0 MICHAEL G MORRIS 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 T BOONE PICKENS 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 REBECCA MACDONALD BOARD MEMBER 1.00 X 0 0 0 RONALD M SIMON BOARD MEMBER 1.00 X 0 0 0 JOHN PAPPAJOHN 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 PC CC LLD BOARD MEMBER 1.00 X 0 0 0 JOSEPH M GRANT BOARD MEMBER 1.00 X 0 0 0 JAMES M SENEFF JR BOARD MEMBER 1.00 X 0 0 0 EARL W STAFFORD SR BOARD MEMBER 1.00 X 0 0 0 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 PRESIDENT 1.00 X X 0 0 0 WANDA M AUSTIN BOARD MEMBER 1.00 X 0 0 0 GREG P RENKER BOARD MEMBER 1.00 X 0 0 0 THOMAS JOSEPH SHANNON JR BOARD MEMBER 1.00 X 0 0 0 V PREM WATSA MEMBER-AT-LARGE 1.00 X 0 0 0 JOHN H WEILAND BOARD MEMBER 1.00 X 0 0 0 MATTHEW K ROSE VICE 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 BOARD MEMBER 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 MIKE JACKSON BOARD MEMBER 1.00 X 0 0 0 GILBERT E 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 703298 0 78686 CONSTANTINE KATSARAKIS DIRECTOR STRATEGIC INITIAT 37.50 X 231500 0 24707 MARGARET SLIPEK MANAGER EDITORIAL SERVICES 37.50 X 137466 0 33186 1072264 0 136579 3 0 1 0 LINDER & ASSOCIATES 2150 WISCONSIN AVENUE NW WASHINGTON DC 20007 EVENT MANAGEMENT 1120645 DESIGN FOUNDRY 1851 SOUTH CLUB DRIVE UNIT B HYATTSVILLE MD 20785 EVENT DESIGN 741945 SHOWCALL INC 19566 AMARANTH DRIVE GERMANTOWN MD 20874 EQUIPMENT RENTAL & LABOR 359777 HALT BUZAS AND POWELL LTD 1199 NORTH FAIRFAX ST 10TH FLOOR ALEXANDRIA VA 22314 ACCOUNTING 296448 DESTIN PRODUCTIONS LTD 163 LEONTIOU AVE CLERIMOS BUILDING LIMASSOL CY 3022 INTERNATIONAL CONTRACTOR - PERFORMER 280000 20 4985641 23629287 28614928 AWARDS EVENT 900099 306750 306750 VIDEO AND BOOK SALES 900099 31540 31540 338290 428190 428190 8253947 8331655 -77708 -77708 -77708 29303700 338290 0 350482 258140 258140 12995498 12995498 359500 359500 781985 625589 78198 78198 857538 682336 102801 72401 50109 39917 5826 4366 57498 45664 7310 4524 58766 46862 6541 5363 51285 51285 300504 214843 85661 27963 27963 1139141 963585 147414 28142 273692 263370 10322 330699 270987 53939 5773 282109 238270 24054 19785 311782 285282 21804 4696 2501265 2468094 33171 26224 23448 1523 1253 41771 1870 39901 AUDIO VISUAL & MULTIMED 3362072 3343217 18855 ALL OTHER EXPENSES 264636 225383 39253 RECOGNITION ITEMS 126181 91388 34793 PROGRAM DEVELOPMENT 20500 20500 24478858 23463743 790614 224501 10414811 22496919 7945109 10926060 953257 934949 787559 759366 43981 28193 9555309 11955366 1846164 0 30758631 46341487 246948 418795 19750972 30132754 19997920 30551549 X 2661953 1047279 8098758 14742659 10760711 15789938 30758631 46341487 4824842 204385 0 X X 0 1 X 1 0 X 16310564 15077238 14860540 20017683 28614928 94880953 16310564 15077238 14860540 20017683 28614928 94880953 6757631 88123322 369713 551199 485604 410812 428190 2245518 97126471 1684090 0.90730 0.87260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 153719165 7877890 15060872 4985641 2526158 169146128 135484539 31117583 -4507095 3098500 5277362 153719165 115307546 21054942 4700919 2514793 3064075 135484539 84703189 12454887 20355013 1005308 1200235 115307546 68832850 6143891 12185336 1135075 1323813 84703189 0.87980 0.09190 0.02830 0 1 1 338180 332968 5212 449379 426398 22981 28193 OTHER INVESTMENTS 11955366 F 11955366 SCHOLARSHIPS PAYABLE 22857646 DEFERRED RENT 82739 DEFERRED COMPENSATION LIABILITY 2089029 DUE TO RELATED PARTY 5103340 30132754 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. 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. GENERALLY, HORATIO AND THE FUND ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2013. 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. 359500 0 0 0 0 0 0 359500 0 359500 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES GENERAL PURPOSES 359500 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 RANDOLPH-MACON COLLEGE PO BOX 5005 ASHLAND VA 23005 540505940 501(C)(3) 25000 BOOK EDUCATIONAL GRANT UNIVERSITY OF NORTH CAROLINA WILMINGTON 601 S COLLEGE ROAD WILMINGTON NC 28403 561258660 501(C)(3) 26640 BOOK EDUCATIONAL GRANT CORTOPASSI FAMILY FOUNDATION 11292 N ALPINE ROAD STOCKTON CA 95212 680232655 501(C)(3) 145000 BOOK EDUCATIONAL GRANT MASSACHUSETTS COLLEGE OF LIBERAL ARTS FOUNDATION INC 375 CHURCH STREET NORTH ADAMS MA 01247 042613803 501(C)(3) 5000 BOOK EDUCATIONAL GRANT NATIONAL SCHOLARS PROGRAM 106 2288313 STATE SCHOLARSHIP PROGRAMS 698 4947641 WASHINGTON GRADUATE AND OTHER SCHOLARSHIP PROGRAMS 518 5759544 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 385374 0 120000 0 197924 0 24000 0 54686 0 781984 0 0 0 CONSTANTINE KATSARAKIS DIRECTOR STRATEGIC INITIAT 155730 0 75000 0 770 0 14972 0 9735 0 256207 0 0 0 MARGARET SLIPEK MANAGER EDITORIAL SERVICES 137466 0 0 0 0 0 13321 0 19865 0 170652 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, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ONLY UPON REQUEST. 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 40 KING STREET WEST 5800 TORONTO ONTARIO CA SCHOLARSHIP ASSISTANCE CA 0 0 1 1 0 1 0 0 0 0 0 0 1 1 1 1 0 1 1 0 HORATIO ALGER ENDOWMENT FUND C 4985641 COST THE HORATIO ALGER ASSOCIATION OF CANADA B 359500 COST HORATIO ALGER ENDOWMENT FUND Q 3413476 COST HORATIO ALGER ENDOWMENT FUND E 5103340 COST