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Nonprofiteer
← FRIENDS OF HAAC INC

Form 990 for tax year 2023

Filed by FRIENDS OF HAAC INC.

Totals

Total revenue
$210,575
Total expenses
$4,997
Contributions and grants received
$210,575
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$221,645
Total liabilities, end of year
$13,421
Net assets or fund balances, end of year
$208,224
Program services expenses (Part IX)
$0
Management and general expenses
$4,997
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $210,575

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,335 · management and general $4,335

  • 11f · Fees: investment management

    total $637 · management and general $637

  • 11g · Fees: other

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,707 · end of year $221,645

  • 17 · Accounts payable and accrued expenses

    end of year $750

  • 25 · Other liabilities

    beginning of year $4,124 · end of year $12,671

  • 27 · Net assets without donor restrictions

    beginning of year $7,583 · end of year $208,224

Mission and programs · 2023

Mission

THE PURPOSE OF THE ORGANIZATION IS TO RAISE FUNDS, DISTRIBUTE FUNDS AND PROVIDE SUPPORT FOR SCHOLARSHIP PROGRAMS IN NORTH AMERICA, INCLUDING THE HORATIO ALGER ASSOCIATION OF CANADA (HAAC).

Activities or mission (Part I)

TO RAISE AND DISTRIBUTE FUNDS AND PROVIDE SUPPORT FOR THE HORATIO ALGER ASSOCIATION OF CANADA.

  • RAISE FUNDS, DISTRIBUTE FUNDS AND PROVIDE SUPPORT FOR SCHOLARSHIP PROGRAMS IN NORTH AMERICA, INCLUDING THE HORATIO ALGER ASSOCIATION OF CANADA (HAAC).

As filed on the 2023 return.

Listed in Part VII

  • Dennis Washington

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gregory Abel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Terrence J Giroux

    SECRETARY-TREASURER

    Total calculated
    $1,491,679
    From this org
    $0
    From related orgs
    $1,037,106
    Other
    $454,573
    Hours/week
    1 + 36.5 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

  • David Sokol

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 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

None.

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

No itemized grants to organizations 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
202403199349307975

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