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Nonprofit · EIN 85-3582196

FRIENDS OF HAAC INC

Tax-exempt · ALEXANDRIA, VA 22314

Financials

$211K$5K2023$839K$1.1M2024
Revenue Expenses · by fiscal year end
Financials of FRIENDS OF HAAC INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$839,272$1,078,445-$239,173$181,107$212,056-$30,949
December 31, 2023990$210,575$4,997$205,578$221,645$13,421$208,224
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$839,272
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,074,810
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$1,074,810
Management and general (functional)
$3,635

Balance sheet and other

Total assets, start of year
$221,645
Total assets, end of year
$181,107
Total liabilities, end of year
$212,056
Net assets, end of year
-$30,949
Net assets without donor restrictions
-$30,949
Gross receipts
$839,272
Employees
0
Volunteers
3
Year formed
2020
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
TERRENCE J GIROUXSECRETARY-TREASURER
Trustee or director
1$0$834,795$1,429,382
DENNIS WASHINGTONPRESIDENT
Trustee or director
1$0$0$0
GREGORY ABELDIRECTOR
Trustee or director
1$0$0$0
DAVID SOKOLVICE PRESIDENT
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
TERRENCE J GIROUXSECRETARY-TREASURER
Trustee or director
1$0$1,037,106$454,573
DENNIS WASHINGTONPRESIDENT
Trustee or director
1$0$0$0
GREGORY ABELDIRECTOR
Trustee or director
1$0$0$0
DAVID SOKOLVICE PRESIDENT
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
99 CANAL CENTER PLZ STE 320, ALEXANDRIA, VA 22314-1588
In care of
% JOHN THORNBURG
Mailing address (990-N for 2020)
99 CANAL CENTER PLZ NO 320, ALEXANDRIA VA 22314
Principal officer (990 for 2024)
LESLEY ALBANESE, 99 CANAL CENTER PLZ, ALEXANDRIA, VA 22314
Principal officer (990-N for 2020)
TERRENCE J GIROUX, 99 CANAL CENTER PLZ, ALEXANDRIA VA 22314
Signed the 990
LESLEY ALBANESE, EXECUTIVE DIRECTOR
Phone
(703) 684-9444
Return prepared by
SIKICH LLC

Mission

THE PURPOSE OF THE ORGANIZATION IS TO RAISE FUNDS, DISTRIBUTE FUNDS AND PROVIDE SUPPORT FOR SCHOLARSHIP PROGRAMS IN NORTH AMERICA, INCLUDING THE HORATIO ALGER ASSOCIATION OF CANADA (HAAC).

990 for the year ended December 31, 2024

Program accomplishments

  • RAISE FUNDS, DISTRIBUTE FUNDS AND PROVIDE SUPPORT FOR SCHOLARSHIP PROGRAMS IN NORTH AMERICA, INCLUDING THE HORATIO ALGER ASSOCIATION OF CANADA (HAAC).
    Expenses $1,074,810 · grants $1,074,810

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-3582196
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$181,107
Income (IRS master file)
$839,272

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$839,272$1,078,445$181,107IRS
990December 2023$210,575$4,997$221,645XML
990December 2022$512,826$624,978$11,707IRS
990-EZDecember 2021–––IRS
990-N for 2020
Officer: TERRENCE J GIROUX
December 31, 2020≤ $50,000 receipts––e-Postcard

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 85-3582196).

Questions about FRIENDS OF HAAC INC

What is the EIN of FRIENDS OF HAAC INC?
The employer identification number (EIN) of FRIENDS OF HAAC INC is 85-3582196.
Is FRIENDS OF HAAC INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to FRIENDS OF HAAC INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS OF HAAC INC 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 FRIENDS OF HAAC INC 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 FRIENDS OF HAAC INC 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 FRIENDS OF HAAC INC?
The 990 for the year ended December 31, 2024 names LESLEY ALBANESE.
Who are the officers and directors of FRIENDS OF HAAC INC?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does FRIENDS OF HAAC INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $839,272, expenses of $1,078,445 and total assets of $181,107 at year end.

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