THE PRIMARY EXEMPT PURPOSE OF THE ASSOCIATION IS TWO FOLD: (1) TO PROVIDE SCHOLARSHIP ASSISTANCE TO HELP PROMISING HIGH SCHOOL STUDENTS (WHO FIT THE HORATIO ALGER PROFILE) ATTEND COLLEGE, AND (2) TO SPREAD THE MESSAGE THAT AMERICA'S FREE ENTERPRISE SYSTEM PROVIDES THE GREATEST OPPORTUNITIES IN THE WORLD FOR PERSONAL ACHIEVEMENT AND SUCCESS.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Education organizations in Virginia.
- Base
- $500k
- Bonus
- $301k
- Other
- $34k
- Benefits
- $48k
- Base
- $358k
- Bonus
- —
- Other
- —
- Benefits
- $13k
- Base
- $438k
- Bonus
- —
- Other
- —
- Benefits
- $14k
- Base
- $260k
- Bonus
- —
- Other
- —
- Benefits
- $23k
- Base
- $237k
- Bonus
- —
- Other
- $3k
- Benefits
- $24k
- Base
- $152k
- Bonus
- —
- Other
- —
- Benefits
- $23k
- Base
- $131k
- Bonus
- —
- Other
- —
- Benefits
- $22k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Executive Director Above 90th percentile | $500k | $301k | $34k | $48k | $2.3M $2.4M |
Chief Operating Officer Above 90th percentile | $358k | — | — | $13k | $623k $661k |
Chief Executive Officer Above 90th percentile | $438k | — | — | $14k | $452k $480k |
Chief Financial Officer 75th to 90th percentile | $260k | — | — | $23k | $309k $329k |
Director, Educational and Highest Compensated Employee 75th to 90th percentile | $237k | — | $3k | $24k | $287k $304k |
Assistant Director of Scho Highest Compensated Employee Median to 75th percentile | $152k | — | — | $23k | $184k $195k |
Manager of Nominations Highest Compensated Employee 25th percentile to median | $131k | — | — | $22k | $167k $177k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 83 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC equaled 7% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 52%
from 2023
From $1.5M in 2023 to $2.3M in 2024.
Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 52% from 2023 to 2024, while revenue fell 2%.
- Chief Financial Officer pay rose 4% from 2023 to 2024.
- Highest Compensated Employee pay rose 3% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC
What does the Chief Executive Officer of HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC earn?
In 2024, the Chief Executive Officer of HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC received $2,264,177 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Virginia: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC compare with similar nonprofits?
Compared with the same role at Education organizations in Virginia, the 2024 pay of the Chief Executive Officer at HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC falls in the top 10%. In 2024, the highest total compensation at HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC equaled 7% of the organization's total expenses. The median for education organizations is 7%.
What are HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC's revenue and expenses?
In 2024, HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC reported $30.4M in total revenue and $34M in total expenses on its IRS Form 990.
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