Nonprofit · EIN 27-2480291
HORATIO ALGER ENDOWMENT FUND
Tax-exempt · ALEXANDRIA, VA 22314
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $13,748,030 | $16,122,465 | -$2,374,435 | $345,148,740 | $132,969 | $345,015,771 |
| December 31, 2023 | 990 | $12,596,913 | $15,504,446 | -$2,907,533 | $329,998,445 | $2,530,054 | $327,468,391 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,886,375
- Program service revenue
- $0
- Investment income
- $8,861,655
- Net gain from sales of assets
- -$499,277
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $11,779,287
- Compensation of officers, directors and key employees
- $490,004
- Other salaries and wages
- $168,773
- Salaries, compensation and benefits (total)
- $722,003
- Professional fundraising fees
- $0
- Legal fees
- $347
- Accounting fees
- $81,701
- Occupancy
- $44,081
- Travel
- $20,235
- Depreciation
- $285,296
- Program services (functional)
- $14,115,129
- Management and general (functional)
- $1,995,181
- Fundraising (functional)
- $12,155
Balance sheet and other
- Total assets, start of year
- $329,998,445
- Total assets, end of year
- $345,148,740
- Total liabilities, end of year
- $132,969
- Net assets, end of year
- $345,015,771
- Publicly traded securities
- $137,709,117
- Net assets without donor restrictions
- $333,950,568
- Net assets with donor restrictions
- $11,065,203
- Gross receipts
- $257,711,127
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2010
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERRENCE J GIROUX | EXECUTIVE DIRECTOR Officer | 9 | $0 | $834,795 | $1,429,382 |
| CONSTANTINE G KATSARASKIS | CHIEF OPERATING OFFICER Officer | 6 | $0 | $357,955 | $264,943 |
| LESLEY ALBANESE BEG 042024 | CHIEF EXECUTIVE OFFICER Officer | 9 | $0 | $438,461 | $13,809 |
| JOHN B THORNBURG | CHIEF FINANCIAL OFFICER Officer | 11 | $0 | $259,791 | $49,658 |
| DEBRA J STANCIL | MANAGER OF NOMINATIONS Highest-paid employee | 1 | $0 | $131,476 | $35,392 |
| LEON COOPERMAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES SENEFF | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN WEILAND | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DON DASEKE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STANLEY KROENKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CALVIN SISSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DENNIS WASHINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL ROLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERRENCE J GIROUX | EXECUTIVE DIRECTOR Officer | 9 | $0 | $1,037,106 | $454,573 |
| CONSTANTINE G KATSARASKIS | CHIEF OPERATING OFFICER Officer | 6 | $0 | $329,397 | $85,133 |
| JOHN B THORNBURG | CHIEF FINANCIAL OFFICER Officer | 11 | $0 | $247,609 | $49,173 |
| MARGARET SLIPEK | SENIOR MANAGER OF MEMBERSHIP PROGRAMS Highest-paid employee | 4 | $0 | $222,294 | $49,596 |
| DEBRA J STANCIL | MANAGER OF NOMINATIONS Highest-paid employee | 1 | $0 | $119,417 | $51,380 |
| LEON COOPERMAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES SENEFF | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN WEILAND | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DON DASEKE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STANLEY KROENKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CALVIN SISSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DENNIS WASHINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL ROLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 99 CANAL CENTER PLZ STE 320, ALEXANDRIA, VA 22314-1588
- Principal officer (990 for 2024)
- LESLEY ALBANESE, 99 CANAL CENTER PLAZA 320, ALEXANDRIA, VA 22314
- Signed the 990
- LESLEY ALBANESE, CHIEF EXECUTIVE OFFICER
- Phone
- (703) 684-9444
- Website
- WWW.HORATIOALGER.ORG
- Return prepared by
- SIKICH LLC
Mission
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.
Program accomplishments
- DURING 2024 THE FUND MADE GRANTS TO HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. TO SUPPORT STATE AND OTHER SCHOLARSHIP PROGRAMS AND MEMBERSHIP PROGRAMS.Expenses $11,779,287 · grants $11,779,287
- 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.Expenses $2,328,759
- MEMBER SUPPORT AND MEETINGS.Expenses $7,083
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-2480291
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $345,148,740
- Income (IRS master file)
- $257,711,127
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $13,748,030 | $16,122,465 | $345,148,740 | XML |
| 990 | December 2023 | $12,596,913 | $15,504,446 | $329,998,445 | XML |
| 990 | December 2022 | $41,403,763 | $7,017,611 | $307,856,993 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-2480291).
Questions about HORATIO ALGER ENDOWMENT FUND
- What is the EIN of HORATIO ALGER ENDOWMENT FUND?
- The employer identification number (EIN) of HORATIO ALGER ENDOWMENT FUND is 27-2480291.
- Is HORATIO ALGER ENDOWMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to HORATIO ALGER ENDOWMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does HORATIO ALGER ENDOWMENT FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HORATIO ALGER ENDOWMENT FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HORATIO ALGER ENDOWMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HORATIO ALGER ENDOWMENT FUND?
- The 990 for the year ended December 31, 2024 names LESLEY ALBANESE.
- Who are the officers and directors of HORATIO ALGER ENDOWMENT FUND?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does HORATIO ALGER ENDOWMENT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $13,748,030, expenses of $16,122,465 and total assets of $345,148,740 at year end.
Other nonprofits in ALEXANDRIA
- ENTREPRENEURS ORGANIZATION EIN 52-1651248 · last filed 990 for 2025
- PROTESTANT EPISCOPAL HIGH SCHOOL IN VIRGINIA EIN 54-0506326 · last filed 990 for 2025
- MARINE CORPS SCHOLARSHIP FOUNDATION INC EIN 22-1905062 · last filed 990 for 2025
- HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC EIN 13-1669975 · last filed 990 for 2024
- NATIONAL CONGRESS OF PARENTS AND TEACHERS EIN 36-2169155 · last filed 990 for 2025
- AMERICAN ASSOCIATION OF SCHOOL ADMINISTRATORS INC EIN 54-1999773 · last filed 990 for 2025
- BURGUNDY FARM COUNTRY DAY SCHOOL INC EIN 54-0540100 · last filed 990 for 2025
- AMERICAN INTERNATIONAL SCHOOL OF LAGOS NIGERIA EIN 85-2846654 · last filed 990 for 2025