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Horatio Alger Assn Of Distinguished Americans Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 131669975 ✦ Alexandria, VA ✦ Designated as a 501(c)(3)

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Overview

What is Horatio Alger Assn Of Distinguished Americans Inc?

The Horatio Alger Association of Distinguished Americans Inc, based in Alexandria, Virginia, is a nonprofit organization with a mission to provide scholarship assistance to deserving high school students and promote the belief that the American free enterprise system offers immense opportunities for personal success. Annually, they bestow the Horatio Alger Award, a prestigious honor, during their membership program and induction ceremonies in Washington, D.C. The multi-day event includes member achievements recognition, interviews with new inductees, networking opportunities, mentoring for national scholars, and educational programs on the future of the American Dream. Their primary objective is to combat the myth that economic opportunity is diminishing and inspire young people to embrace the potential of the American free-enterprise system. The Association supports this goal through scholarship programs, career, public service, and community service seminars, free-enterprise forums, and an internship program.


Official website here: www.horatioalger.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 95% (Four-Star out of Four Stars)

The Horatio Alger Association of Distinguished Americans Inc. has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization excelled particularly in its leadership and adaptability, scoring a perfect 100, which reflects its strong governance practices and commitment to effective management.

The charity demonstrates a robust commitment to financial transparency and responsibility, with a program expense ratio of 93.58%, indicating that a significant portion of its spending is directed towards its programs. Additionally, the organization boasts a fully independent board, enhancing its credibility and governance standards. With a comprehensive set of policies in place, including those regarding conflicts of interest and whistleblower protections, the organization displays a solid foundation for ethical operations.

However, the liabilities to assets ratio at 58.39% suggests there may be room for improvement in managing financial obligations. Overall, the Horatio Alger Association stands out for its strong financial practices and governance, though stakeholders may wish to monitor its asset management closely.


This AI summary has been generated from information found on Charity Navigator.

Is Horatio Alger Assn Of Distinguished Americans Inc legitimate?

Horatio Alger Assn Of Distinguished Americans Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Horatio Alger Assn Of Distinguished Americans Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,366,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,308,533

For more financial information, click here


Official website here: www.horatioalger.org

What is the mission statement of Horatio Alger Assn Of Distinguished Americans Inc?

The Horatio Alger Association of Distinguished Americans is a non-profit organization with a two-fold mission. First, it provides scholarship assistance to deserving high school students, helping them attend college. Second, it advocates for the belief that America's free enterprise system offers unparalleled opportunities for personal achievement and success. Established over 70 years ago, the association aims to motivate and educate young people about the potential opportunities available to them. The organization achieves this through various programs, including the annual presentation of the Horatio Alger Award, career seminars, free-enterprise forums, and an internship program. Its primary goal is to inspire and support promising students, instilling the belief that they too can achieve great things in life.


Official website here: www.horatioalger.org

Who is the CEO of Horatio Alger Assn Of Distinguished Americans Inc?

Terrence J Giroux is the Chairman of Horatio Alger Assn Of Distinguished Americans Inc.


Official website here: www.horatioalger.org

What is the revenue of Horatio Alger Assn Of Distinguished Americans Inc?

Horatio Alger Assn Of Distinguished Americans Inc's revenue in 2022 was $22,420,571.


Official website here: www.horatioalger.org

Who are the executives of Horatio Alger Assn Of Distinguished Americans Inc and what are their salaries?

The average compensation at Horatio Alger Assn Of Distinguished Americans Inc during 2022 was $191,039. There are 14 employees and 78 volunteers at Horatio Alger Assn Of Distinguished Americans Inc.


Here are 85 key members and their salaries:


James F Dicke Ii (Chairman)
  • Compensation: $0
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  • Other: $0
Gregory E Abel (President)
  • Compensation: $0
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  • Other: $0
The Hon Barbara M Barrett (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John H Weiland (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew K Rose (Immediate Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Neubauer (Chairman Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Anthony Novelly (Chairman Emeritus)
  • Compensation: $0
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  • Other: $0
David L Sokol (Chairman Emeritus)
  • Compensation: $0
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  • Other: $0
Byron D Trott (Chairman Emeritus)
  • Compensation: $0
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  • Other: $0
Dennis R Washington (Chairman Emeritus)
  • Compensation: $0
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  • Other: $0
V Prem Watsa (Haac President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Jackson (At-Large Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda D Rabbitt (At-Large Member)
  • Compensation: $0
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  • Other: $0
Chris Sullivan (At-Large Member)
  • Compensation: $0
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  • Other: $0
Lou Dobbs (Honorary Board Member)
  • Compensation: $0
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  • Other: $0
Clarence Thomas (Honorary Board Member)
  • Compensation: $0
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  • Other: $0
Charles C Anderson Sr (Board Member)
  • Compensation: $0
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  • Other: $0
Lee R Anderson Sr (Board Member)
  • Compensation: $0
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  • Other: $0
Al Annexstad (Board Member)
  • Compensation: $0
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  • Other: $0
George L Argyros Sr (Board Member)
  • Compensation: $0
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  • Other: $0
Wanda M Austin (Board Member)
  • Compensation: $0
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  • Other: $0
James W Ayers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald M Bergeron Sr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert J Brown (Board Member)
  • Compensation: $0
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  • Other: $0
Rita Case (Board Member)
  • Compensation: $0
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  • Other: $0
Leon G Cooperman (Board Member)
  • Compensation: $0
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  • Other: $0
Don R Daseke (Board Member)
  • Compensation: $0
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  • Other: $0
Mark E Davis (Board Member)
  • Compensation: $0
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William J Dore (Board Member)
  • Compensation: $0
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William F Farley (Board Member)
  • Compensation: $0
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  • Other: $0
Sam Fox (Board Member)
  • Compensation: $0
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  • Other: $0
Terry M Giles (Board Member)
  • Compensation: $0
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  • Other: $0
Jack M Gill (Board Member)
  • Compensation: $0
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  • Other: $0
Joseph M Grant (Board Member)
  • Compensation: $0
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  • Other: $0
William E Greehey (Board Member)
  • Compensation: $0
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Edmund A Hajim (Board Member)
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  • Other: $0
Craig Hall (Board Member)
  • Compensation: $0
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  • Other: $0
Ronald G Harrington (Board Member)
  • Compensation: $0
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  • Other: $0
Alphonso R Jackson (Board Member)
  • Compensation: $0
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  • Other: $0
Melvyn N Klein (Board Member)
  • Compensation: $0
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  • Other: $0
Stanley Kroenke (Board Member)
  • Compensation: $0
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  • Other: $0
Kenneth G Langone (Board Member)
  • Compensation: $0
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  • Other: $0
Patrick P Lee (Board Member)
  • Compensation: $0
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  • Other: $0
Gilbert Edward Levasseur Jr (Board Member)
  • Compensation: $0
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  • Other: $0
Craig O Mccaw (Board Member)
  • Compensation: $0
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  • Other: $0
Howard M Meyers (Board Member)
  • Compensation: $0
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  • Other: $0
Lee E Mikles (Board Member)
  • Compensation: $0
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  • Other: $0
Alan B Miller (Board Member)
  • Compensation: $0
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  • Other: $0
Robert G Miller (Board Member)
  • Compensation: $0
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  • Other: $0
Brian Mulroney Pc Cc Lld (Board Member)
  • Compensation: $0
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  • Other: $0
R James Nicholson (Board Member)
  • Compensation: $0
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  • Other: $0
Clarence Otis Jr (Board Member)
  • Compensation: $0
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  • Other: $0
Harry S Patten (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nido R Qubein (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ernest S Rady (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg P Renker (Board Member)
  • Compensation: $0
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  • Other: $0
Valerie Montgomery Rice (Board Member)
  • Compensation: $0
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Jeffrey A Rich (Board Member)
  • Compensation: $0
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Carl H Ricker Jr (Board Member)
  • Compensation: $0
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G Brint Ryan (Board Member)
  • Compensation: $0
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T Denny Sanford (Board Member)
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Robert J Schlegel (Board Member)
  • Compensation: $0
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Stephen C Schott (Board Member)
  • Compensation: $0
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James M Seneff Jr (Board Member)
  • Compensation: $0
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  • Other: $0
Thomas Joseph Shannon Jr (Board Member)
  • Compensation: $0
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Ronald M Simon (Board Member)
  • Compensation: $0
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  • Other: $0
Earl W Stafford Sr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn B Stearns (Board Member)
  • Compensation: $0
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David L Steward (Board Member)
  • Compensation: $0
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  • Other: $0
Peter Wstott (Board Member)
  • Compensation: $0
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  • Other: $0
Marcia G Taylor (Board Member)
  • Compensation: $0
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  • Other: $0
David A Thompson (Board Member)
  • Compensation: $0
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  • Other: $0
Ronald G Wanek (Board Member)
  • Compensation: $0
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George A Weiss (Board Member)
  • Compensation: $0
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  • Other: $0
Anthony Welters (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sidney D Wolk (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert L Wright Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jordan Zimmerman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terrence J Giroux (Executive Director)
  • Compensation: $5,090,087
  • Related: $0
  • Other: $74,441
John B Thornburg (Chief Financial Officer)
  • Compensation: $230,013
  • Related: $0
  • Other: $44,469
Constantine G Katsaraskis (Director Stratetic Initiat)
  • Compensation: $268,902
  • Related: $0
  • Other: $32,289
Kristen R Law (Director, Educational And)
  • Compensation: $199,175
  • Related: $0
  • Other: $46,041
Margaret Slipek (Manager Editorial Services)
  • Compensation: $187,243
  • Related: $0
  • Other: $43,483
Debra J Stancil (Manager Of Nominations)
  • Compensation: $115,899
  • Related: $0
  • Other: $48,753
W Aaron House (Assistant Director Of Scholar & Alumni Services)
  • Compensation: $125,885
  • Related: $0
  • Other: $22,768


Official website here: www.horatioalger.org

Where can I find the form 990 for Horatio Alger Assn Of Distinguished Americans Inc?

Horatio Alger Assn Of Distinguished Americans Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.horatioalger.org

Learn more at the official website: www.horatioalger.org

Mission Statement of Horatio Alger Assn Of Distinguished Americans Inc

The Horatio Alger Association of Distinguished Americans, a renowned nonprofit organization, has a twofold mission. Firstly, it aims to provide scholarship assistance to deserving high school students who fit the Horatio Alger profile, enabling them to attend college. Secondly, it works to disseminate the message that America's free enterprise system offers the world's greatest opportunities for personal achievement and success.

Founded over 70 years ago, the Horatio Alger Association was established in response to a growing belief among young people that economic opportunity was a thing of the past. Today, the Association continues to inspire and educate the nation's youth about the economic and personal opportunities available to them through the promise of the American free-enterprise system.

The organization accomplishes its mission by bestowing the Horatio Alger Award annually, hosting career, public service, and community service seminars, sponsoring free-enterprise forums, awarding scholarships each year, and offering an internship program. These initiatives bring together the "Horatio Alger Heroes" of today with those of tomorrow, fostering a community of successful individuals who have overcome adversity and achieved great heights.

The Horatio Alger Association's membership programs and induction ceremonies are held annually in Washington, D.C. These events celebrate the achievements of new members, provide opportunities for networking, and offer educational programs regarding the future of the American Dream.

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Impact



October, 2024

Horatio Alger Association of Distinguished Americans Inc significantly impacts the lives of promising high school students by providing scholarship assistance, enabling them to pursue higher education. By focusing on students who embody the Horatio Alger profile—individuals who have overcome adversity and demonstrated resilience—the association fosters a sense of hope and possibility.

In addition to financial support, the association promotes the principles of America's free enterprise system, reinforcing the belief that personal achievement and success are attainable. Through its annual awards, the association connects today's Horatio Alger heroes with young aspirants, offering mentorship and inspiration.

The organization hosts seminars and forums that educate students about economic opportunities, emphasizing the importance of community service and public involvement. The annual National Scholars' Conference serves as a platform for networking and career development, equipping scholars with the tools needed to navigate the challenges of their educational and professional journeys. Overall, the Horatio Alger Association plays a pivotal role in motivating young people and instilling a belief in the American Dream.



This information is meant to be a general summary of Horatio Alger Assn Of Distinguished Americans Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$22,420,571 (2022)
Expenses
$27,233,966 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $291,471
  • Program Service Revenue: $83,407
  • Gross Receipts: $57,763,576

Assets and Liabilities:

  • Total Assets: $40,436,478
  • Total Liabilities: $25,971,412
  • Net Assets: $14,465,066

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PRODUCT SALES

Revenue

$83,407

Organization Details

Founding Year

1951

Phone

(703) 684-9444

Principal Officer

Terrence J Giroux

Main Address

99 CANAL CENTER PLAZA 320, ALEXANDRIA, VA, 22314

Website

www.horatioalger.org

NTEE Category

Code: B82Z - Education

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