Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2010.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
13 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Distributes funds to support educational and charitable programs for deserving individuals.
Questions for Horatio Alger Endowment Fund
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During 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.
Member support and meetings.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $21.8M | $36.0M |
| InvestmentsLn 11–13 | $295.7M | $299.4M |
| Total assetsLn 16 | $330.0M | $345.1M |
| LiabilitiesLn 26 | $2.5M | $133K |
| Net assetsLn 32 | $327.5M | $345.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $11.8M | $11.8M | ||
| Pay of current officers, directors and key staffLn 5 | $490K | $66K | $418K | $7K |
| Other salaries and wagesLn 7 | $169K | $23K | $144K | $2K |
| Pension plan contributionsLn 8 | $13K | $2K | $11K | $188 |
| Other employee benefitsLn 9 | $22K | $3K | $18K | $301 |
| Payroll taxesLn 10 | $28K | $4K | $24K | $393 |
| Legal feesLn 11b | $347 | $347 | ||
| Accounting feesLn 11c | $82K | $82K | ||
| Investment management feesLn 11f | $688K | $688K | ||
| Other fees for servicesLn 11g | $234K | $102K | $132K | $50 |
| Advertising and promotionLn 12 | $664K | $664K | ||
| Office expensesLn 13 | $28K | $11K | $17K | $213 |
| Information technologyLn 14 | $56K | $6K | $50K | $581 |
| OccupancyLn 16 | $44K | $6K | $37K | $613 |
| TravelLn 17 | $20K | $15K | $5K | $78 |
| Conferences, conventions and meetingsLn 19 | $344K | $307K | $36K | |
| Depreciation, depletion and amortizationLn 22 | $285K | $285K | ||
| InsuranceLn 23 | $1K | $1K | ||
| Other expenses (24a–d)Ln 24 | $1.2M | $841K | $333K | $550 |
| Total functional expensesLn 25 | $16.1M | $14.1M | $2.0M | $12K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $13.7M | $16.1M | −$2.4M | $345.0M | 990 PDF |
| FY2023 | $12.6M | $15.5M | −$2.9M | $327.5M | 990 PDF |
| FY2022 | $41.4M | $7.0M | $34.4M | $307.4M | 990 PDF |
| FY2021 | $58.3M | $8.4M | $49.9M | $322.9M | 990 PDF |
| FY2020 | $16.8M | $8.9M | $7.9M | $274.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $13,748,030 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $13,748,030 across 5 lines filed
Part IX · Statement of functional expenses $16,122,465 across 19 lines filed
Part X · Balance sheet $345,148,740 assets, 16 lines filed
Part XI · Reconciliation of net assets $345,015,771 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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