2024-11-14T12:15:46-06:00 2023-12-31 363168081 SIKICH LLC 333 JOHN CARLYLE STREET SUITE 500 ALEXANDRIA VA 22314 990 2023-01-01 272480291 HORATIO ALGER ENDOWMENT FUND HORA 7036849444 99 CANAL CENTER PLAZA 320 ALEXANDRIA VA 22314 JOHN THORNBURG CHIEF FINANCIAL OFFICER 7036849444 2024-11-14 1 1 ANDY POWELL P01318399 7038361350 2023 2024-10-15 13:58:12Z JOHN THORNBURG 99 CANAL CENTER PLAZA 320 ALEXANDRIA VA 22314 397955368 0 X WWW.HORATIOALGER.ORG X 2010 VA THE PURPOSE OF THE FUND IS TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES, AND IN PARTICULAR TO RECEIVE, HOLD, INVEST AND DISTRIBUTE FUNDS TO THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. (THE "ASSOCIATION") FOR THE BENEFIT OF THE ASSOCIATION'S EXISTING AND FUTURE PROGRAMS. 8 8 0 8 0 0 21389062 5949966 0 0 20014701 6646947 0 0 41403763 12596913 3827733 12685108 0 0 636492 456237 0 0 29931 2553386 2363101 7017611 15504446 34386152 -2907533 307856993 329998445 449732 2530054 307407261 327468391 X THE PURPOSE OF THE FUND IS TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES, AND IN PARTICULAR TO RECEIVE, HOLD, INVEST AND DISTRIBUTE FUNDS TO THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. (THE "ASSOCIATION") FOR THE BENEFIT OF THE ASSOCIATION'S EXISTING AND FUTURE PROGRAMS. 0 0 12431846 12431846 DURING 2023 THE FUND MADE GRANTS TO HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. TO SUPPORT STATE AND OTHER SCHOLARSHIP PROGRAMS AND MEMBERSHIP PROGRAMS. 1593952 NATIONAL SCHOLARS' VISIBILITY: THROUGH DEDICATED AMBASSADORS AND SPECIAL EVENTS, THE ASSOCIATION ENDEAVORS TO ESTABLISH CONNECTIONS WITH EDUCATIONAL PROFESSIONALS (SCHOOL PRINCIPALS, GUIDANCE COUNSELORS, TEACHERS AND OTHER NONPROFIT ORGANIZATIONS) FOR THE PURPOSE OF IDENTIFYING STUDENTS BEST MATCHING THE ASSOCIATION'S SPECIAL CRITERIA FOR ITS SCHOLARSHIP PROGRAMS. THESE ACTIVITIES ALSO SERVE AS PUBLIC SERVICE ANNOUNCEMENTS HIGHLIGHTING THE ASSOCIATION'S MISSION THAT SUCCESS IS AVAILABLE TO THOSE DEDICATED TO THE PRINCIPLES OF INTEGRITY, HARD WORK, PERSEVERANCE AND COMPASSION FOR OTHERS. 250000 250000 MEMBERSHIP AND INDUCTION: THE HORATIO ALGER AWARD (THE AWARD) IS RECOGNIZED AS ONE OF THE NATION'S MOST PRESTIGIOUS HONORS. THE AWARD IS PRESENTED DURING THE ANNUAL MEMBERSHIP PROGRAM AND INDUCTION CEREMONIES HELD IN WASHINGTON, D.C. EACH YEAR, DURING A MULTI-DAY PROGRAM FOR MEMBERS, LIFE PARTNERS AND FRIENDS OF DISTINCTION, HELD CONCURRENTLY WITH THE NATIONAL SCHOLARS' CONFERENCE. THE PROGRAMS FOCUS ON MEMBER ACHIEVEMENTS, INTERVIEWS WITH NEW MEMBERS, OPPORTUNITIES FOR MEMBER NETWORKING, MENTORING OF NATIONAL SCHOLARS AND EDUCATIONAL PROGRAMS REGARDING THE FUTURE OF THE AMERICAN DREAM. 22374 3262 MEMBER SUPPORT AND MEETINGS: THE ASSOCIATION CONVENES MEMBERS AND THEIR LIFE PARTNERS TO ADVANCE THE MISSION, PROGRAMS AND SERVICES OF THE ASSOCIATION ON A REGULAR BASIS INCLUDING, BUT NOT LIMITED TO, THE ANNUAL BOARD OF DIRECTORS MEETING, ANNUAL AWARDS WEEK IN WASHINGTON AND AT SPECIALIZED FORUMS, SUCH AS THE INTERNATIONAL FORUM, ALUMNI SUMMITS AND REGIONAL CONVENINGS, SUCH AS THE ASSOCIATION'S CONCERT SERIES. THESE ACTIVITIES INCLUDE ONGOING COMMUNICATIONS WITH MEMBERS, SUCH AS THE FORUM, THE BIENNIAL REPORT, ONLY IN AMERICA AND OTHER ONLINE AND PRINTED MATERIALS THAT KEEP THE MEMBERS CONNECTED TO THE ASSOCIATION'S MISSION AND WORK.EDUCATIONAL MEDIA AND PUBLICATIONS: THIS PROGRAM PROVIDES INFORMATION ABOUT THE ASSOCIATION'S MISSION AND PROGRAMS THROUGH A VARIETY OF SOURCES. PUBLICATIONS ARE PRINTED FOR MEMBERS, NATIONAL SCHOLARS, EDUCATION PARTNERS, FRIENDS OF DISTINCTION AND THE GENERAL PUBLIC. THE EDUCATIONAL DOCUMENTS REINFORCE THE MESSAGE OF HORATIO ALGER'S ORIGINAL CHARACTERS THAT SUCCESS AS AN ADULT IS WITHIN THE REACH OF EVERY YOUNG PERSON WITH A DREAM AND A COMMITMENT TO HARD WORK AND INTEGRITY. 22374 3262 14298172 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X X SIKICH LLP 7038361350 333 JOHN CARLYLE ST SUITE 500 ALEXANDRIA VA 22314 LEON COOPERMAN CHAIRMAN 1.00 1.00 X X 0 0 0 JAMES SENEFF PRESIDENT 1.00 1.00 X X 0 0 0 JOHN WEILAND TREASURER 1.00 1.00 X X 0 0 0 DON DASEKE SECRETARY 1.00 1.00 X X 0 0 0 STANLEY KROENKE DIRECTOR 1.00 1.00 X 0 0 0 CALVIN SISSON DIRECTOR 1.00 1.00 X 0 0 0 DENNIS WASHINGTON DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL ROLLINS DIRECTOR 1.00 1.00 X 0 0 0 TERRENCE J GIROUX EXECUTIVE DIRECTOR 9.00 28.50 X 0 1037106 454573 CONSTANTINE G KATSARASKIS CHIEF OPERATING OFFICER 6.00 31.50 X 0 329397 85133 JOHN B THORNBURG CHIEF FINANCIAL OFFICER 11.00 26.50 X 0 247609 49173 MARGARET SLIPEK SENIOR MANAGER OF MEMBERSHIP PROGRAMS 4.00 33.50 X 0 222294 49596 DEBRA J STANCIL MANAGER OF NOMINATIONS 1.00 36.50 X 0 119417 51380 0 1955823 689855 0 0 1 0 DESTIN PRODUCTIONS LTD 163 LEONTIOU AVE CLERIMOS BUILDING LIMASSOL CY 3022 PUBLIC RELATIONS 200000 NEW GROUP MEDIA 422 E MONROE STREET SOUTH BEND IN 46601 AUDIO/VISUAL PRODUCTION 149405 2 5949966 1346100 5949966 9128288 9128288 382877114 385358455 -2481341 -2481341 -2481341 12596913 0 0 6646947 12685108 12685108 367775 43906 303588 20281 40136 9111 29082 1943 9647 1210 7909 528 22556 3157 18184 1215 16123 2102 13143 878 5539 5539 35833 3433 32400 579288 579288 88598 6206 82311 81 828092 826042 2050 30992 13124 17271 597 39087 4939 32021 2127 34257 4174 28199 1884 34798 28101 6300 397 257334 256985 349 28734 10025 18709 PRODUCTION AND AUDIO VI 400549 400549 15504446 14298172 1176343 29931 1250001 185000 20841204 21605631 11934984 9388336 952766 263173069 285665659 8665595 10009621 1992140 2191432 307856993 329998445 25710 54179 424022 2475875 449732 2530054 X 290161948 312372262 17245313 15096129 307407261 327468391 307856993 329998445 -2907533 22968663 0 X X 0 1 X 1 0 X X 1 HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC 131669975 7 1 12685108 0 1 12685108 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: IN ITS DETERMINATION LETTER TO THE HORATIO ALGER ENDOWMENT FUND (THE "FUND"), DATED AUGUST 30, 2010, THE INTERNAL REVENUE SERVICE ("IRS") STATED, AMONG OTHER THINGS, THAT THE IRS HAD DETERMINED THAT THE FUND IS A TYPE 2 SUPPORTING ORGANIZATION UNDER INTERNAL REVENUE CODE ("IRC") SECTION 590(A)(3). THE MANNER IN WHICH THE FUND SATISFIES THE TYPE II SUPPORTING ORGANIZATION "RELATIONSHIP TEST" IS SET FORTH BELOW, AND WAS SET FORTH IN THE FUND'S FORM 1023, DATED JULY 6, 2010, ON WHICH THE IRS'S DETERMINATION LETTER WAS BASED. THERE HAVE BEEN NO CHANGES TO THE MANNER IN WHICH THE FUND OPERATES IN THIS REGARD SINCE THE FUND FILED ITS FORM 1023. IN ACCORDANCE WITH ARTICLE 2 OF THE FUND'S ARTICLES OF INCORPORATION, THE FUND SUPPORTS ONE ORGANIZATION: THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC., A NONPROFIT MEMBERSHIP CORPORATION AND PUBLIC CHARITY UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) (THE "ASSOCIATION"). IN ACCORDANCE WITH ARTICLE 7 OF THE FUND'S BYLAWS A MAJORITY OF DIRECTORS ON THE FUND'S BOARD OF DIRECTORS MUST ALSO BE MEMBERS OF THE ASSOCIATION ("MEMBER DIRECTORS"): REMAINING DIRECTORS MAY BE (BUT ARE NOT REQUIRED TO BE) NON-MEMBERS OF THE ASSOCIATION ( "NON-MEMBER DIRECTORS"). NOMINATIONS FOR THE FUND'S DIRECTORS ARE PUT FORTH BY THE ASSOCIATION'S NOMINATING COMMITTEE AND CONFIRMED BY A PLURALITY OF THEN SITTING FUND DIRECTORS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 305935999 4603866 30245794 14996100 325789559 320468760 19564133 -31005688 3091206 305935999 272364035 26466037 29541150 7902462 320468760 252262548 4440305 24288982 8627800 272364035 218873679 4988155 30700798 2300084 252262548 0.98256 0.01744 0 0 0 DUE TO RELATED ENTITY 2475875 2475875 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. 1 HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC 99 CANAL CENTER PLAZA ALEXANDRIA VA 22314 136669975 501(C)(3) 12685108 0 TRANSFERS TO SUPPORTED ORGANIZATION 1 PART I, LINE 2: EXTENSIVE AND ONGOING COMMUNICATION WITH SUPPORTED ORGANIZATION AND GRANT REQUIREMENTS X X X 0 0 0 0 0 0 0 0 0 TERRENCE J GIROUX EXECUTIVE DIRECTOR 0 520041 0 250000 0 267065 0 404655 0 49918 0 1491679 0 0 CONSTANTINE G KATSARASKIS CHIEF OPERATING OFFICER 0 329397 0 0 0 0 0 72500 0 12633 0 414530 0 0 JOHN B THORNBURG CHIEF FINANCIAL OFFICER 0 247609 0 0 0 0 0 24790 0 24383 0 296782 0 0 MARGARET SLIPEK SENIOR MANAGER OF MEMBERSHIP PROGRAM 0 222294 0 0 0 0 0 22229 0 27367 0 271890 0 0 DEBRA J STANCIL MANAGER OF NOMINATIONS 0 119417 0 0 0 0 0 11993 0 39387 0 170797 0 0 X 1 1346100 FMV BASED ON APPRAISAL 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE HAEF BYLAWS AND ARTICLES OF INCORPORATION GIVE THE HAADA BOARD THE POWER (WHICH IT EXERCISES VIA ITS NOMINATING COMMITTEE) TO APPOINT THE MAJORITY OF THE HAEF BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FUND'S EXECUTIVE MANAGEMENT. 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 (WTW). THE REVIEW INCLUDES SALARY AND BENEFITS. ALL OTHER POSITIONS ARE EVALUATED BY WTW PERIODICALLY, 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. PART XII, LINE 2C THERE WAS NO CHANGE IN THE PROCESS FOR OVERSEEING THE AUDIT FOR THE PRIOR YEAR. HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC 99 CANAL CENTER PLAZA ALEXANDRIA VA 22314 131669975 CHARITABLE NY 501(C)(3) PUBLIC CHARITY 0 FRIENDS OF HAAC INC 99 CANAL CENTER PLAZA ALEXANDRIA VA 22314 853582196 CHARITABLE VA 501(C)(3) PUBLIC CHARITY 0 0 1 0 0 1 0 0 0 0 0 0 1 1 1 1 1 0 0 0 HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC B 12685108 COST HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC P 2402016 COST HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC E 2475875 COST