Skip to content
Nonprofiteer
← FRIENDS OF HAAC INC

Form 990 for tax year 2024

Filed by FRIENDS OF HAAC INC.

Totals

Total revenue
$839,272
Total expenses
$1,078,445
Contributions and grants received
$839,272
Grants paid
$1,074,810
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$181,107
Total liabilities, end of year
$212,056
Net assets or fund balances, end of year
-$30,949
Program services expenses (Part IX)
$1,074,810
Management and general expenses
$3,635
Fundraising expenses
$0
Program service expenses (Part III)
$1,074,810

Program services were 99.7% 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

    $839,272

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $328,218 · program services $328,218

  • 3 · Grants to foreign organizations and individuals

    total $746,592 · program services $746,592

  • 11f · Fees: investment management

    total $150 · management and general $150

  • 11g · Fees: other

    total $3,450 · management and general $3,450

  • 13 · Office expenses

    total $35 · management and general $35

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $221,645 · end of year $181,107

  • 17 · Accounts payable and accrued expenses

    beginning of year $750 · end of year $2,475

  • 25 · Other liabilities

    beginning of year $12,671 · end of year $209,581

  • 27 · Net assets without donor restrictions

    beginning of year $208,224 · end of year -$30,949

Mission and programs · 2024

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).

    Expenses $1,074,810 · Grants $1,074,810

As filed on the 2024 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
    $2,264,177
    From this org
    $0
    From related orgs
    $834,795
    Other
    $1,429,382
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $499,600 related
    Bonus
    $0 + $301,217 related
    Other
    $0 + $33,978 related
    Deferred
    $0 + $1,380,945 related
    Nontaxable benefits
    $0 + $48,437 related
    Filer's total
    $0 + $2,264,177 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

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
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202533119349300218

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.