Public Charity

HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC

Based in ALEXANDRIA, VA, HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC operates as a Public Charity. The organization reported $30.4M in revenue, $34.0M in expenses, $39.7M in total assets for fiscal year 2024. Imperigo tracks 155 reported grant relationships connected to this organization totaling approximately $18.6M.

EIN: 131669975 ALEXANDRIA, VA Scholarships & Student Financial Aid NTEE: B82 Latest filing: 2024
Total Revenue$30.4M
Total Expenses$34.0M
Total Assets$39.7M
Grant Records155
Funding Total$18.6M
Filing Years2019–2024

Mission

THE PRIMARY EXEMPT PURPOSE OF THE ASSOCIATION IS TWO FOLD: (1) TO PROVIDE SCHOLARSHIP ASSISTANCE TO HELP PROMISING HIGH SCHOOL STUDENTS (WHO FIT THE HORATIO ALGER PROFILE) ATTEND COLLEGE, AND (2) TO SPREAD THE MESSAGE THAT AMERICA'S FREE ENTERPRISE SYSTEM PROVIDES THE GREATEST OPPORTUNITIES IN THE WORLD FOR PERSONAL ACHIEVEMENT AND SUCCESS.

Where $100 goes at Horatio Alger Assn of Distinguished Americans Inc

How Horatio Alger Assn of Distinguished Americans Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$92 Programs the work itself
$7 Management running the organization
$1 Fundraising raising the next dollar

Inside the $92 for programs

$38
Other scholarship programs include the internship and externship program, the cost of scholar services, such as financial advising, the alumni advisory council, the scholarship selection committee and the…
42% of program spending
$29
Membership and induction
31% of program spending
$9
Member support and meetings
10% of program spending

Plus 6 more programs. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

HONORARY BOARD MEMBER Alan B Miller
BOARD MEMBER Alphonso R Jackson
BOARD MEMBER Anthony Welters
BOARD MEMBER Arthur J Falcone
VICE PRESIDENT Barbara M Barrett
BOARD MEMBER Brian Mulroney

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$9,549,197 93 grants
Education
$5,262,527 31 grants
Religion & Spirituality
$1,157,000 2 grants
Economic Development
$445,590 2 grants
Fundraising & Sponsorship
$420,000 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $30.4M $34.0M $39.7M
2023 $31.1M $29.7M $40.8M
2022 $22.4M $27.2M $40.4M
2020 $27.1M $21.5M $58.4M
2019 $29.8M $31.6M $55.2M

Between 2019 and 2024, reported annual revenue held roughly steady at around $30.4M, with total assets most recently reported at $39.7M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC

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