2025-11-07T07:17:20-06:00 2024-12-31 363168081 SIKICH LLC 333 JOHN CARLYLE STREET SUITE 500 ALEXANDRIA VA 22314 990 2024-01-01 272480291 HORATIO ALGER ENDOWMENT FUND HORA 7036849444 99 CANAL CENTER PLAZA 320 ALEXANDRIA VA 22314 LESLEY ALBANESE CHIEF EXECUTIVE OFFICER 7036849444 2025-11-06 1 1 ANDY POWELL P01318399 7038361350 2024 2025-03-06 01:10:19Z LESLEY ALBANESE 99 CANAL CENTER PLAZA 320 ALEXANDRIA VA 22314 257711127 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. 9 9 0 9 0 0 5949966 4886375 0 0 6646947 8861655 0 0 12596913 13748030 12685108 11779287 0 0 456237 722003 0 0 12155 2363101 3621175 15504446 16122465 -2907533 -2374435 329998445 345148740 2530054 132969 327468391 345015771 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 11779287 11779287 DURING 2024 THE FUND MADE GRANTS TO HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. TO SUPPORT STATE AND OTHER SCHOLARSHIP PROGRAMS AND MEMBERSHIP PROGRAMS. 2328759 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. 7083 MEMBER SUPPORT AND MEETINGS. 14115129 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 1 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 834795 1429382 LESLEY ALBANESE BEG 042024 CHIEF EXECUTIVE OFFICER 9.00 28.50 X 0 438461 13809 CONSTANTINE G KATSARASKIS CHIEF OPERATING OFFICER 6.00 31.50 X 0 357955 264943 JOHN B THORNBURG CHIEF FINANCIAL OFFICER 11.00 26.50 X 0 259791 49658 DEBRA J STANCIL MANAGER OF NOMINATIONS 1.00 36.50 X 0 131476 35392 0 2022478 1793184 0 0 1 0 MERCER INC 21875 NETWORK PLACE CHICAGO IL 60673 INVESTMENT MANAGEMENT SERVICES 121437 DOLAN MCENIRY CAPITAL MANAGEMENT 120 N LASALLE STREET CHICAGO IL 60602 INVESTMENT MANAGEMENT SERVICES 107234 2 4886375 4886375 9360932 9360932 243463820 243963097 -499277 -499277 -499277 13748030 0 0 8861655 11779287 11779287 490004 65607 417563 6834 168773 22597 143822 2354 13445 1800 11457 188 21575 2889 18385 301 28206 3777 24036 393 347 347 81701 81701 688104 688104 233939 102096 131793 50 664346 664346 28157 11077 16867 213 56426 5578 50267 581 44081 6007 37461 613 20235 15405 4752 78 343604 307492 36112 285296 285296 1329 1329 PRODUCTION AND AUDIO VI 843669 834954 8715 BAD DEBT 290194 290194 OTHER 39747 5592 33605 550 16122465 14115129 1995181 12155 185000 2304038 21605631 33672558 9388336 5333561 952766 16840 285665659 137709117 10009621 161665489 677085 2191432 3770052 329998445 345148740 54179 132969 2475875 0 2530054 132969 X 312372262 333950568 15096129 11065203 327468391 345015771 329998445 345148740 -2374435 19414151 507664 0 X X 0 1 X 1 0 X X 1 HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC 131669975 7 1 11779287 0 1 11779287 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 325789559 4481714 28202327 15482980 342990620 305935999 4603866 30245794 14996100 325789559 320468760 19564133 -31005688 3091206 305935999 272364035 26466037 29541150 7902462 320468760 252262548 4440305 24288982 8627800 272364035 0.97913 0.00969 0.01118 0 0 0 PARTNERSHIPS AND HEDGE FUNDS 33856127 F CORPORATE BONDS 109275109 F GOVERNMENT BONDS 18534253 F 161665489 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, THE FUND AND FRIENDS 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. NONE HAD NET UNRELATED BUSINESS INCOME TAX DURING THE YEAR ENDED DECEMBER 31, 2024. MANAGEMENT EVALUATED THE TAX POSITIONS AND CONCLUDED THAT HORATIO, THE FUND AND FRIENDS HAVE TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC 99 CANAL CENTER PLAZA ALEXANDRIA VA 22314 136669975 501(C)(3) 11779287 0 TRANSFERS TO SUPPORTED ORGANIZATION 1 PART I, LINE 2: EXTENSIVE AND ONGOING COMMUNICATION WITH SUPPORTED ORGANIZATION AND GRANT REQUIREMENTS X X X 0 1 0 0 0 0 0 0 0 TERRENCE J GIROUX EXECUTIVE DIRECTOR 0 499600 0 301217 0 33978 0 1380945 0 48437 0 2264177 0 0 CONSTANTINE G KATSARASKIS CHIEF OPERATING OFFICER 0 357955 0 0 0 0 0 251550 0 13393 0 622898 0 0 LESLEY ALBANESE BEG 042024 CHIEF EXECUTIVE OFFICER 0 438461 0 0 0 0 0 0 0 13809 0 452270 0 0 JOHN B THORNBURG CHIEF FINANCIAL OFFICER 0 259791 0 0 0 0 0 26211 0 23447 0 309449 0 0 DEBRA J STANCIL MANAGER OF NOMINATIONS 0 131476 0 0 0 0 0 13766 0 21626 0 166868 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 AND BOARD OF DIRECTORS 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 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC B 11779287 COST HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC P 2966853 COST HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC D 1228302 COST FRIENDS OF HAAC INC D 170150 COST