2020-11-16T09:55:51-06:00 2019-12-31 363168081 SIKICH LLP 1199 N FAIRFAX STREET 10TH FLOOR ALEXANDRIA VA 22314 990 2019-01-01 272480291 HORATIO ALGER ENDOWMENT FUND HORA 7036849444 99 CANAL CENTER PLAZA NO 320 ALEXANDRIA VA 22314 TERRENCE J GIROUX EXECUTIVE DIRECTOR 7036849444 2020-11-16 1 STEVE HALT P01083643 7038361350 143.244.103.200 2020-11-16 09:13:44 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 83EE3CA2914B475294EEEE63B5E6A5AE8834226D 2019 2021-01-29 14:40:06Z TERRENCE J GIROUX 99 CANAL CENTER PLAZA NO 320 ALEXANDRIA VA 22314 428810378 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. 7 7 6 0 0 0 11984438 7880879 0 0 8915410 19293038 0 0 20899848 27173917 5401655 8459293 0 0 394866 322149 0 0 229558 2868705 2566565 8665226 11348007 12234622 15825910 221540912 251574080 123101 297306 221417811 251276774 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 10107193 8459293 DURING 2019 THE FUND MADE GRANTS TO HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. TO SUPPORT STATE AND OTHER SCHOLARSHIP PROGRAMS. 10107193 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 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 4 0 6 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 1199 NORTH FAIRFAX ST 10TH FLOOR ALEXANDRIA VA 22314 WALTER SCOTT JR CHAIRMAN AND PRESIDENT 1.00 X X 0 0 0 JOSEPH NEUBAUER SECRETARY 1.00 X X 0 0 0 PAUL ANTHONY NOVELLY DIRECTOR 1.00 X 0 0 0 DAVID L SOKOL VICE PRESIDENT 1.00 X X 0 0 0 DENNIS R WASHINGTON DIRECTOR 1.00 X 0 0 0 ANTHONY WELTERS DIRECTOR 1.00 X 0 0 0 JAMES M SENEFF JR DIRECTOR 1.00 X 0 0 0 TERRENCE J GIROUX EXECUTIVE DIRECTOR 5.00 37.50 X 0 827550 401519 JOHN B THORNBURG MANAGING DIRECTOR 5.00 37.50 X 0 199365 32228 0 1026915 433747 0 0 1 0 THE TENORS 57 CRAWFORD STREET TORONTO ONTARIO CA M5B 2C5 OPERATIC POP MUSIC PERFORMANCE 500000 MERCER INC 21875 NETWORK PLACE CHICAGO IL 60673 CONSULTANCY SERVICES 175163 THE AGILE WORLD LLC 3100 CLAREDON BLVD SUITE 200 ARLINGTON VA 22201 MEDIA 103892 3 7880879 7880879 6413218 6413218 414516281 401636461 12879820 12879820 12879820 27173917 0 0 19293038 8459293 8459293 259284 107635 151649 39155 16695 22460 8785 3660 5125 4169 1737 2432 10756 4481 6275 2109 2109 66754 66754 759048 759048 36545 28752 4878 2915 626097 626097 23097 12412 4773 5912 14519 32 6839 7648 38961 16231 22730 11472 6411 2681 2380 640581 626869 13712 AUDIO VISUAL AND MULTIM 347382 347327 23 32 11348007 10107193 1011256 229558 497143 518744 15410553 34818576 10662624 2245627 191956985 212071368 91394 38394 2922213 1881371 221540912 251574080 123101 35040 0 262266 123101 297306 X 206103524 244011997 15314287 7264777 221417811 251276774 221540912 251574080 15825910 14033053 0 X X 0 1 X 1 0 X X 1 HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC 131669975 7 1 11577348 0 1 11577348 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 6 OF THE FUND'S ARTICLES OF INCORPORATION, AT ALL TIMES (A) A MAJORITY OF DIRECTORS ON THE FUND'S BOARD OF DIRECTORS (THE "BOARD DIRECTORS") CONCURRENTLY SERVE ON THE ASSOCIATION'S BOARD OF DIRECTORS, AND (B) THE REMAINING DIRECTORS ON THE FUND'S BOARD OF DIRECTORS (THE "MEMBER DIRECTORS") ARE ACTIVE MEMBERS OF THE ASSOCIATION. (MEMBER DIRECTORS MAY (BUT ARE NOT REQUIRED TO) SERVE ON THE BOARD OF DIRECTORS OF THE ASSOCIATION IN ADDITION TO BEING ACTIVE MEMBERS OF THE ASSOCIATION.) BOARD DIRECTORS ARE ELECTED BY PLURALITY VOTE OF THE BOARD OF DIRECTORS OF THE ASSOCIATION, AND MEMBER DIRECTORS ARE ELECTED BY PLURALITY VOTE OF THE BOARD DIRECTORS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 218873679 4988155 30700798 2300084 252262548 225414837 12149096 -16215358 2474896 218873679 169146128 29306100 29524133 2561524 225414837 153719165 7877890 15060872 4985641 2526158 169146128 135484539 31117583 -4507095 3098500 5277362 153719165 0.97870 0.02130 0 0 0 DUE TO RELATED ENTITY 262266 262266 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 HAD NO NET UNRELATED BUSINESS INCOME TAX DURING THE YEAR ENDED DECEMBER 31, 2019. 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. 1 HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC 99 CANAL CENTER PLAZA ALEXANDRIA VA 22314 136669975 501(C)(3) 8459293 TRANSFERS TO SUPPORTED ORGANIZATION 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 433298 0 120000 0 274252 0 19000 0 382519 0 1229069 0 0 JOHN B THORNBURG MANAGING DIRECTOR 0 199365 0 0 0 0 0 15385 0 16843 0 231593 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 CURRENTLY DOES NOT EXERCISE) 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 GOVERNANCE AND FINANCE CONSULTANT, EXECUTIVE MANAGEMENT AND ELECTED PRESIDENT. 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. THE REVIEW INCLUDES SALARY AND BENEFITS. ALL OTHER POSITIONS ARE EVALUATED BY MERCER 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. 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 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 11577348 COST HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC P 451778 COST HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC D 262266 COST