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Education : Scholarship and Financial Support

Horatio Alger Association of Distinguished Americans

An investment in America's future

four stars

92.38

99 Canal Center Plaza Suite 320
Alexandria, VA 22314
tel: (703) 684-9444   Web Site
EIN: 13-1669975

Board Leadership
Matthew K. Rose
Chairman

CEO
Terrence J. Giroux
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 92.38 four stars
  Financial 90.00 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 06/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Founded in 1947, the Horatio Alger Association of Distinguished Americans is dedicated to the simple but powerful belief that hard work, honesty and determination can conquer all obstacles. Today, through its Members, the Association continues to educate our nation's young people about the economic and personal opportunities afforded them by the promise of the American free enterprise system. Through its scholarship programs, the Association encourages students to pursue their own version of the American Dream. While providing scholarship opportunities, Association Members mentor the Scholars and underscore the importance of service to others. The Members work directly to provide promising young people with the support, education and confidence needed to realize their aspirations.

Founded in 1947, the Horatio Alger Association of Distinguished Americans is dedicated to the simple but powerful belief that hard work, honesty and determination can conquer all obstacles. Today, through its Members, the Association continues to educate our nation's young people about the economic and personal opportunities afforded them by the promise of the American free enterprise system. Through its scholarship programs, the Association encourages students to pursue their own version of the American Dream. While providing scholarship opportunities, Association Members mentor the Scholars and underscore the importance of service to others. The Members work directly to provide promising young people with the support, education and confidence needed to realize their aspirations.

Impact Information

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Financial

four stars

90.00

Accountability & Transparency

four stars

96.00

This rating was published 06/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
95.3%
  Administrative Expenses 3.8%
  Fundraising Expenses 0.7%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 0.94
  Program Expenses Growth 15.9%
  Liabilities to Assets 54.7%
All data for Financial Performance Metrics calculations was provided by Horatio Alger Association of Distinguished Americans on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Horatio Alger Association of Distinguished Americans on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Horatio Alger Association of Distinguished Americans (VA) 92.38 four stars
Student Sponsor Partners (NY) 92.91 four stars
District of Columbia College Access Program (DC) 91.40 four stars
Great Aspirations Scholarship Program (VA) 100.00 four stars
Carson Scholars Fund (MD) 89.02 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $28,251,839
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $5,401,655
   Government Grants $0
Total Contributions $33,653,494
   Program Service Revenue $376,346
Total Primary Revenue $34,029,840
   Other Revenue $570,115
TOTAL REVENUE $34,599,955
   
EXPENSES  
   Program Expenses $26,765,168
   Administrative Expenses $1,029,182
   Fundraising Expenses $194,410
TOTAL FUNCTIONAL EXPENSES $27,988,760
   
Payments to Affiliates $0
Excess (or Deficit) for the year $6,611,195
   
Net Assets $25,900,662

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
State Scholarship Programs $6,209,095 23.2%
Membership Programs and Induction Ceremonies $5,697,664 21.3%
National Scholars Program $3,008,475 11.2%

Ratings History
Horatio Alger Association of Distinguished Americans has received 4 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 06/01/2020 92.38 four stars
2017-12 05/01/2019 92.38 four stars
2016-12 05/01/2018 92.38 four stars
2015-12 08/01/2017 92.26 four stars
2015-12 07/01/2017 89.02 three stars
2014-12 06/01/2016 84.69 three stars
 
CN 2.0
2013-12 07/01/2015 80.53 three stars
2012-12 05/01/2014 85.64 three stars
2011-12 07/01/2013 85.99 three stars
2010-12 04/01/2012 77.90 two stars
2009-12 09/20/2011 77.11 two stars
 
CN 1.0
2009-12 06/01/2011 79.42 two stars
2008-12 07/01/2010 89.43 three stars
2007-12 05/01/2009 99.48 four stars
2006-12 07/01/2008 98.68 four stars
2005-12 04/01/2007 88.53 three stars
2004-12 07/01/2006 98.96 four stars
2003-12 04/01/2005 83.16 three stars
2002-12 02/01/2004 98.83 four stars
2001-12 02/05/2003 98.65 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-1669975
Name in IRS Master File HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (59) Other school related activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 1952
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$753,713 2.69% Terrence J. Giroux Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Horatio Alger Association of Distinguished Americans (VA) 92.38 four stars
Arizona Private Education Scholarship Fund (AZ) 88.81 three stars
Burger King McLamore Foundation (FL) 94.34 four stars
Arizona Christian School Tuition Organization (AZ) 96.66 four stars
Southern Scholarship Foundation (FL) 97.00 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Horatio Alger Association of Distinguished Americans
99 Canal Center Plaza
Suite 320
Alexandria, VA 22314
tel: (703) 684-9444
fax: (703) 684-9445
EIN: 13-1669975

Visit Web Site

Board Leadership

Matthew K. Rose
Chairman

CEO

Terrence J. Giroux
Executive Director

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