2015-11-02T14:04:54-06:00 2014-12-31 260004395 HALT BUZAS & POWELL LTD 1199 N FAIRFAX ST 10TH FLOOR ALEXANDRIA VA 22314 990 2014-01-01 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 2015-10-29 1 STEVEN HALT P01083643 7038361350 2015-10-26 2014 2016-03-07 17:11:31Z TERRENCE J GIROUX 99 CANAL CENTER PLAZA NO 320 ALEXANDRIA VA 22314 39443910 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 93 71 0 0 15077238 14860540 286222 362150 506272 497508 0 0 15869732 15720198 6361412 8132704 0 0 1590996 1783533 0 0 176353 7526680 7842481 15479088 17758718 390644 -2038520 27781061 28252793 17162229 19640724 10618832 8612069 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 3651402 0 362150 HORATIO ALGER AWARDS INDUCTION CEREMONY: THIS HONOR IS PRESENTED TO TEN AMERICANS EACH YEAR IN RECOGNITION OF THEIR OUTSTANDING CONTRIBUTIONS IN THEIR CHOSEN FIELDS. 5278105 5029915 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. 2297855 2071382 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. 1032242 0 SCHOLARS ALUMNI PROGRAM 1301270 0 EDUCATIONAL PROGRAMS AND MEETINGS 82596 0 COLLEGIATE PARTNERS PROGRAM 353360 0 EDUCATIONAL MATERIALS AND ONLY IN AMERICA PUBLICATION 36768 0 STATE OF OUR NATIONS YOUTH 33931 0 FIELD DIRECTORS MEETING 85 0 SUCCESS FACTORS STUDY 1791653 1031407 OTHER SCHOLARSHIP PROGRAMS 478800 0 NATIONAL SCHOLARS' CONFERENCE 5110705 1031407 16338067 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 53 0 93 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 689022 0 324189 MELODY MORRIS MANAGER, MEMBERSHIP SERVICES 37.50 X 104893 0 1079 MARGARET SLIPEK MANAGER EDITORIAL SERVICES 37.50 X 123837 0 25846 JULIE REAMES DIR PROG SERV 37.50 X 163251 0 5429 1081003 0 356543 4 0 1 0 MILESTONE LLC 1501 CRYSTAL DRIVE NO 925 ARLINGTON VA 22202 MANAGEMENT SERVICES 1825000 BRIAN COMMUNICATIONS 40 MORRIS AVENUE BRYN MAWR PA 19010 PUBLIC RELATIONS 280000 HALT BUZAS AND POWELL LTD 1199 NORTH FAIRFAX DRIVE 10TH FLOO ALEXANDRIA VA 22314 ACCOUNTING 258792 BRIAN E FOSS 6041 SE MARTINIQUE STUART FL 34997 CONSULTING 253559 LINDER & ASSOCIATES 2150 WISCONSIN AVE NW WASHINGTON DC 20007 EVENT MANAGEMENT 241607 5 2514793 12345747 14860540 AWARDS EVENT 900099 362150 362150 362150 485604 485604 23735616 23723712 11904 11904 11904 15720198 362150 0 497508 50000 50000 7871427 7871427 211277 211277 1013211 844816 95445 72950 613527 511559 57794 44174 32443 27051 3056 2336 51581 43052 4811 3718 72771 61807 6214 4750 31945 31945 322642 61294 261348 40421 40421 885836 832348 29428 24060 141516 105008 36508 482347 447010 30556 4781 252740 214856 21472 16412 644405 590573 51962 1870 2706782 2683832 22950 68085 65079 1704 1302 26535 26535 AUDIO VISUAL & MULTIMED 1402668 1400312 2356 BAD DEBT EXPENSE 441371 441371 ALL OTHER EXPENSE 273929 213458 60471 RECOGNITION ITEMS 121259 103308 17951 17758718 16338067 1244298 176353 2449991 6105519 10187551 7835693 756161 2413442 784436 690238 162283 94198 13569944 10107571 655131 1696370 27781061 28252793 324588 256009 394325 1361402 16443316 18023313 17162229 19640724 X -471667 65170 11090499 8546899 10618832 8612069 27781061 28252793 -2038520 31757 0 X X 0 1 X 1 0 X 16025524 16314779 16310564 15077238 14860540 78588645 16025524 16314779 16310564 15077238 14860540 78588645 8992889 69595756 5793064 73857 369713 551199 485604 7273437 85862082 1495472 0.81060 0.75780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 115307546 21054942 4700919 2514793 3064075 135484539 84703189 12454887 20355013 1005308 1200235 115307546 68832850 6143891 12185336 1135075 1323813 84703189 48103487 22019726 63789 905078 449074 68832850 0.89780 0.03610 0.06610 0 1 1 338180 320462 17718 446256 369776 76480 94198 OTHER INVESTMENTS 10107571 F 10107571 DUE FROM RELATED PARTY 1696370 1696370 SCHOLARSHIPS PAYABLE 16572651 DEFERRED RENT 80278 DEFERRED COMPENSATION LIABILITY 1370384 18023313 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 FOLLOW THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ASSOCIATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. 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 2011. 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. 211277 0 0 0 0 0 0 211277 0 211277 NORTH AMERICA GENERAL PURPOSES 211277 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 1 NATIONAL SCHOLARS PROGRAM 329 2071382 STATE SCHOLARSHIP PROGRAMS 1143 5029915 WASHINGTON GRADUATE AND OTHER SCHOLARSHIP PROGRAMS 95 770130 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED BASED ON EXTENSIVE SELECTION PROCESS AND DISBURSED DIRECTLY TO APPLICANT'S SCHOOL. X X X 1 0 0 0 0 0 0 0 0 TERRENCE J GIROUX EXECUTIVE DIRECTOR 352885 0 120000 0 216137 0 273923 0 50266 0 1013211 0 0 0 MELODY MORRIS MANAGER, MEMBERSHIP SERVICES 103116 0 0 0 1777 0 793 0 286 0 105972 0 0 0 JULIE REAMES DIR PROG SERV 142670 0 0 0 20581 0 1097 0 4332 0 168680 0 0 0 PART I, LINE 4A MELODY MORRIS RECEIVED SEVERANCE PAYMENTS TOTALED $95,184 IN 2014. JULIE REAMES RECEIVED SEVERANCE PAYMENTS TOTALED $131,695 IN 2014. 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 Q 964337 COST THE HORATIO ALGER ASSOCIATION OF CANADA B 211277 COST HORATIO ALGER ENDOWMENT FUND C 2514793 COST HORATIO ALGER ENDOWMENT FUND D 1696370 COST