2016-11-14T13:51:09-06:00 2015-12-31 260004395 HALT BUZAS & POWELL LTD 1199 N FAIRFAX ST 10TH FLOOR ALEXANDRIA VA 22314 990 2015-01-01 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 2016-11-10 1 STEVEN HALT P01083643 7038361350 2016-11-10 2015 2017-02-10 21:41:12Z TERRENCE J GIROUX 99 CANAL CENTER PLAZA NO 320 ALEXANDRIA VA 22314 33718763 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. 71 71 13 71 0 0 14860540 20017683 362150 376283 497508 361621 0 0 15720198 20755587 8132704 9081292 0 0 1783533 1758214 0 0 209193 7842481 7541576 17758718 18381082 -2038520 2374505 28252793 30758631 19640724 19997920 8612069 10760711 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 4821784 366050 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. 5827510 4605277 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. 2332556 2137039 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. 103084 SCHOLARS ALUMNI PROGRAM 1124669 EDUCATIONAL PROGRAMS AND MEETINGS 83485 COLLEGIATE PARTNERS PROGRAM 299432 10233 EDUCATIONAL MATERIALS 42650 RESEARCH 29019 FIELD DIRECTORS MEETING 2054914 2338976 OTHER SCHOLARSHIP PROGRAMS 472968 NATIONAL SCHOLARS' CONFERENCE 4210221 2338976 10233 17192071 1 1 0 0 0 0 0 0 0 1 1 1 0 1 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 82 0 13 1 0 0 0 0 0 1 1 0 0 X 71 71 0 0 0 0 1 1 0 1 1 0 0 1 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 1.00 X X 0 0 0 PAUL ANTHONY NOVELLY PRESIDENT AND CEO 1.00 X X 0 0 0 DELORES M KESLER VICE PRESIDENT 1.00 X X 0 0 0 GEORGE L ARGYROS CHAIRMAN EMERITUS 1.00 X 0 0 0 JOSEPH NEUBAUER IMMEDIATE PAST CHAIRMAN 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 BYRON ALLUMBAUGH BOARD MEMBER 1.00 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 JOHN H DASBURG 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 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 HARRY A MERLO 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 JIM PATTISON 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 DUANE B HAGADONE 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 VICE 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 BOARD MEMBER 1.00 X 0 0 0 JOHN H WEILAND BOARD MEMBER 1.00 X 0 0 0 MATTHEW K ROSE BOARD MEMBER 1.00 X 0 0 0 GLENN B STEARNS BOARD MEMBER 1.00 X 0 0 0 TERRENCE J GIROUX EXECUTIVE DIRECTOR 37.50 5.00 X 730394 0 294237 CONSTANTINE KATSARAKIS DIRECTOR STRATEGIC INITIATIVES 37.50 X 176840 0 23940 MARGARET SLIPEK MANAGER EDITORIAL SERVICES 37.50 X 133206 0 31222 1040440 0 349399 3 0 1 0 LINDER & ASSOCIATES 2150 WISCONSIN AVENUE NW WASHINGTON DC 20007 EVENT MANAGEMENT 892252 THE RED BANK FILM FACTORY 24 MECHANIC STREET RED BANK NJ 07701 VIDEO PRODUCTION 315510 HALT BUZAS AND POWELL LTD 1199 NORTH FAIRFAX DRIVE 10TH FLOO ALEXANDRIA VA 22314 ACCOUNTING 267463 SHOWCALL INC 19566 AMARANTH DRIVE GERMANTOWN MD 20874 EQUIPMENT RENTAL 244560 BRIAN E FOSS 6041 SE MARTINIQUE DRIVE STUART FL 34997 CONSULTING 210833 12 3098500 16919183 20017683 AWARDS EVENT 900099 366050 366050 VIDEO AND BOOK SALES 900099 10233 10233 376283 410812 410812 12913985 12963176 -49191 -49191 -49191 20755587 376283 0 361621 149000 149000 8725131 8725131 207161 207161 1024631 826673 106255 91703 542000 439055 54239 48706 43911 35428 4553 3930 84235 68071 8612 7552 63437 49411 8545 5481 66438 66438 334307 214272 120035 33511 33511 1130769 1071182 34203 25384 74981 63535 11446 297101 265316 26879 4906 282467 242875 21358 18234 244026 207535 34390 2101 2271355 2250786 20569 66032 60783 4053 1196 39046 1870 37176 AUDIO VISUAL & MULTIMED 2129193 2129128 65 BAD DEBT EXPENSE 350160 350160 ALL OTHER EXPENSE 151486 118364 33122 RECOGNITION ITEMS 70704 66495 4209 18381082 17192071 979818 209193 6105519 10414811 7835693 7945109 2413442 953257 800250 756269 94198 43981 10107571 9555309 1696370 1846164 28252793 30758631 256009 246948 1361402 18023313 19750972 19640724 19997920 X 65170 2661953 8546899 8098758 8612069 10760711 28252793 30758631 2374505 -225863 0 X X 0 1 X 1 0 X 16314779 16310564 15077238 14860540 20017683 82580804 16314779 16310564 15077238 14860540 20017683 82580804 8870282 73710522 73857 369713 551199 485604 410812 1891185 84471989 1626420 0.87260 0.81060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 135484539 31117583 -4507095 3098500 5277362 153719165 115307546 21054942 4700919 2514793 3064075 135484539 84703189 12454887 20355013 1005308 1200235 115307546 68832850 6143891 12185336 1135075 1323813 84703189 48103487 22019726 63789 905078 449074 68832850 0.84090 0.03080 0.12830 0 1 1 338180 326715 11465 462070 429554 32516 43981 OTHER INVESTMENTS 9555309 F 9555309 DUE FROM RELATED PARTY 1846164 1846164 SCHOLARSHIPS PAYABLE 18086821 DEFERRED RENT 75020 DEFERRED COMPENSATION LIABILITY 1589131 19750972 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 2012. 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. 207161 0 0 0 0 0 0 207161 0 207161 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES GENERAL PURPOSES 207161 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) 50000 BOOK EDUCATIONAL GRANT UNIVERSITY OF NORTH CAROLINA WILMINGTON 601 S COLLEGE ROAD WILMINGTON NC 28403 561258660 501(C)(3) 35000 BOOK EDUCATIONAL GRANT PEPPERDINE UNIVERSITY 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 951644037 501(C)(3) 6000 BOOK EDUCATIONAL GRANT MONTANA STATE UNIVERSITY FOUNDATION INC 1501 SOUTH 11TH AVENUE BOZEMAN MT 59717 816001649 501(C)(3) 8000 BOOK EDUCATIONAL GRANT NATIONAL SCHOLARS PROGRAM 115 2137039 STATE SCHOLARSHIP PROGRAMS 768 4605277 WASHINGTON GRADUATE AND OTHER SCHOLARSHIP PROGRAMS 697 1982815 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 373044 0 120000 0 237350 0 273884 0 20353 0 1024631 0 0 0 CONSTANTINE KATSARAKIS DIRECTOR STRATEGIC INITIATIVES 150805 0 25000 0 1035 0 15081 0 8859 0 200780 0 0 0 MARGARET SLIPEK MANAGER EDITORIAL SERVICES 133206 0 0 0 0 0 13321 0 17901 0 164428 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 11 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 1 0 0 0 0 0 0 0 1 1 1 1 0 1 1 0 HORATIO ALGER ENDOWMENT FUND C 3098500 COST THE HORATIO ALGER ASSOCIATION OF CANADA B 207161 COST HORATIO ALGER ENDOWMENT FUND Q 2313230 COST HORATIO ALGER ENDOWMENT FUND D 1846164 COST