Horatio Alger Endowment Fund
Horatio Alger Endowment Fund reported $13.7 million in revenue and $16.1 million in expenses for calendar year 2024. Of every $100 it spent, $87.55 went to program services, $12.37 to management and general costs and $0.08 to fundraising. Its largest source of revenue was investment income: 64.5% of the total. The highest compensation it reported for one person was $2,264,177 (EXECUTIVE DIRECTOR). Revenue fell 49% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $16MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.1% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 35.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $2,264,177 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 14.04% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 256.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseDuring 2024 the fund made grants to Horatio Alger association of distinguished americans, inc. To support state and other scholarship programs and membership programs
National scholars' visibility: through dedicated ambassadors and special events, the association endeavors to establish connections with educational professionals (school principals, guidance counselors, teachers and other nonprofit organizations) for the purpose of identifying students best matching the association's special criteria for its scholarship programs. These activities also serve as public service announcements highlighting the association's mission that success is available to those dedicated to the principles of integrity, hard work, perseverance and compassion for others
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 9.00 hrs/week | $0 | $834,795 | $1,429,382 | $2,264,177 |
| CHIEF OPERATING OFFICER Officer, 6.00 hrs/week | $0 | $357,955 | $264,943 | $622,898 |
| CHIEF EXECUTIVE OFFICER Officer, 9.00 hrs/week | $0 | $438,461 | $13,809 | $452,270 |
| CHIEF FINANCIAL OFFICER Officer, 11.00 hrs/week | $0 | $259,791 | $49,658 | $309,449 |
| MANAGER OF NOMINATIONS Highest compensated employee, 1.00 hrs/week | $0 | $131,476 | $35,392 | $166,868 |
0 people received more than $100,000 in reportable compensation from Horatio Alger Endowment Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $490K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 69
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| MERCER INC Investment management services | $121,437 |
| DOLAN MCENIRY CAPITAL MANAGEMENT Investment management services | $107,234 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Horatio Alger Endowment Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Horatio Alger Endowment Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Horatio Alger Endowment Fund spent in 2024, $87.55 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Patriot Preparatory AcademyColumbus, OH · revenue $14M · programs 75.5% · FY2025
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- West Chester University FoundationWest Chester, PA · revenue $14M · programs 53.8% · FY2025
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Questions people ask
How much of Horatio Alger Endowment Fund's spending goes to programs?
In calendar year 2024, Horatio Alger Endowment Fund reported that 87.5% of its $16.1 million in expenses went to program services, 12.4% to management and general and 0.1% to fundraising (Form 990, Part IX).
How much does Horatio Alger Endowment Fund pay its top executive?
The largest total compensation Horatio Alger Endowment Fund reported for one person in calendar year 2024 was $2,264,177, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Horatio Alger Endowment Fund get its money?
Of $13.7 million in revenue in calendar year 2024, 35.5% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Horatio Alger Endowment Fund a registered charity?
The IRS lists EIN 27-2480291 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503119349301415 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423199349307732 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323179349302102 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233199349316023 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133199349316093 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003219349305360 · read the filing
All filings for EIN 27-2480291: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.