THE PURPOSE OF THE FUND IS TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES, AND IN PARTICULAR TO RECEIVE, HOLD, INVEST AND DISTRIBUTE FUNDS TO THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. (THE "ASSOCIATION") FOR THE BENEFIT OF THE ASSOCIATION'S EXISTING AND FUTURE PROGRAMS.
Executive compensation
Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Education organizations in Virginia.
| Position | Total |
|---|---|
Executive Director Above 90th percentile | $1.4M $1.5M |
Chief Operating Officer 75th to 90th percentile | $265k $281k |
Chief Financial Officer 25th percentile to median | $50k $53k |
Manager of Nominations Highest Compensated Employee Below 10th percentile | $35k $38k |
Chief Executive Officer Below 10th percentile | $14k $15k |
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 8 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at HORATIO ALGER ENDOWMENT FUND equaled 9% 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.
Top compensation, year by year
From $455k in 2023 to $1.4M 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 214% from 2023 to 2024, while revenue rose 9%.
- Chief Operating Officer pay rose 211% from 2023 to 2024.
- Chief Financial Officer pay rose 1% 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 ENDOWMENT FUND
What does the Chief Executive Officer of HORATIO ALGER ENDOWMENT FUND earn?
In 2024, the Chief Executive Officer of HORATIO ALGER ENDOWMENT FUND received $1,429,382 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 ENDOWMENT FUND 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 ENDOWMENT FUND falls in the top 10%. In 2024, the highest total compensation at HORATIO ALGER ENDOWMENT FUND equaled 9% of the organization's total expenses. The median for education organizations is 7%.
What are HORATIO ALGER ENDOWMENT FUND's revenue and expenses?
In 2024, HORATIO ALGER ENDOWMENT FUND reported $13.7M in total revenue and $16.1M in total expenses on its IRS Form 990.
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