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← HORATIO ALGER ENDOWMENT FUND

Form 990 for tax year 2023

Filed by HORATIO ALGER ENDOWMENT FUND.

Totals

Total revenue
$12,596,913
Total expenses
$15,504,446
Contributions and grants received
$5,949,966
Grants paid
$12,685,108
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$14,298,172
Management and general expenses
$1,176,343
Fundraising expenses
$29,931
Program service expenses (Part III)
$14,298,172

Program services were 92.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LEON COOPERMAN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES SENEFF

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN WEILAND

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DON DASEKE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STANLEY KROENKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CALVIN SISSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DENNIS WASHINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL ROLLINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TERRENCE J GIROUX

    EXECUTIVE DIRECTOR

    Total calculated
    $1,491,679
    From this org
    $0
    From related orgs
    $1,037,106
    Other
    $454,573
    Hours/week
    9 + 28.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $520,041 related
    Bonus
    $0 + $250,000 related
    Other
    $0 + $267,065 related
    Deferred
    $0 + $404,655 related
    Nontaxable benefits
    $0 + $49,918 related
    Filer's total
    $0 + $1,491,679 related

  • CONSTANTINE G KATSARASKIS

    CHIEF OPERATING OFFICER

    Total calculated
    $414,530
    From this org
    $0
    From related orgs
    $329,397
    Other
    $85,133
    Hours/week
    6 + 31.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $329,397 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $72,500 related
    Nontaxable benefits
    $0 + $12,633 related
    Filer's total
    $0 + $414,530 related

  • JOHN B THORNBURG

    CHIEF FINANCIAL OFFICER

    Total calculated
    $296,782
    From this org
    $0
    From related orgs
    $247,609
    Other
    $49,173
    Hours/week
    11 + 26.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,609 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,790 related
    Nontaxable benefits
    $0 + $24,383 related
    Filer's total
    $0 + $296,782 related

  • MARGARET SLIPEK

    SENIOR MANAGER OF MEMBERSHIP PROGRAMS

    Total calculated
    $271,890
    From this org
    $0
    From related orgs
    $222,294
    Other
    $49,596
    Hours/week
    4 + 33.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,294 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,229 related
    Nontaxable benefits
    $0 + $27,367 related
    Filer's total
    $0 + $271,890 related

  • DEBRA J STANCIL

    MANAGER OF NOMINATIONS

    Total calculated
    $170,797
    From this org
    $0
    From related orgs
    $119,417
    Other
    $51,380
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $119,417 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,993 related
    Nontaxable benefits
    $0 + $39,387 related
    Filer's total
    $0 + $170,797 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349307732

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