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 · Schedule J · 5 reported individuals · Filing year 2024
| Position | Total |
|---|---|
Executive Director | $1.4M $1.5M |
Chief Operating Officer | $265k $281k |
Chief Financial Officer | $50k $53k |
Manager of Nominations highest compensated employee | $35k $38k |
Chief Executive Officer | $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 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.
Revenue and expenses over time
HORATIO ALGER ENDOWMENT FUND reported revenue and expenses across 2 filing years.
What Education executives earn in Virginia
Comparable education organizations in Virginia pay their highest-earning executive a median of $103,585.
These are education sector-wide figures, not this organization's reported pay. Based on 263 organizations across 263 filings (2021 – 2023).
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