Executive Compensation at the Horatio Alger Association (2023)
The Horatio Alger Association (HAA) is a tax-exempt, non-profit 501 (c) 3, HAA is based in Alexandria, Virginia. The organization is overseen by 75 independent voting members (board members) of the governing body. 69 of the 75 board members (92%) are male while 6 of the 75 members (8%) are female.
At the heart of HAA is the firm belief in achieving the “American Dream” through the free-enterprise system. So, the purpose of this organization appears to be the awarding of grants (but surprisingly only $8.7 million or about 28% of total revenue was awarded in grants in 2023 (which was better than the previous year when $2.4 million was awarded in grants), while the Executive Director, Terrence Giroux received $1.5 million in compensation in 2023 (compared to $5.2 million in 2022). Read more 
How Revenue is Spent at the Horatio Alger Association (2023)
The Horatio Alger Association (HAA) is named for the gilded age writer, Horatio Alger who wrote about impoverished boys who rose from their humble backgrounds through education and good works to higher echelons of society. Consequently HAA awards need based scholarships and honors the achievements of those who have overcome adversity and obtained personal achievement and success throw perseverance.
At the heart of HAA is the firm belief in achieving the “American Dream” through the free-enterprise system. So, the purpose of this organization appears to be the awarding of grants (but surprisingly only $8.7 million or about 28% of total revenue was awarded in grants in 2023 (which was better than the previous year when $2.4 million was awarded in grants), while the Executive Director, Terrence Giroux received $1.5 million in compensation in 2023 (compared to $5.2 million in 2022). Read more
Executive Compensation at Columbia (2023)
Columbia University (Columbia) reported a very different year in 2023: after coming off a record year in 2022 when revenue reached an all time high ($7.1 billion) with expenses of $5.9 billion (including $300 million of depreciation), Columbia reported total revenue of $6.7 billion and expenses of $6.4 billion (including $300 million in depreciation) in 2023. However, Columbia increased net assets from $18.4 billion to $18.7 billion in 2023 by adding unspent revenue and nearly $150 million in unrealized gains on investments (offset by a negative $80 million adjustment to net assets for “other non-operating adjustments”) to the general fund.
In terms of compensation, 40,081 employees (up by 3,000 since 2022) were compensated $3.9 billion, which equates to an average compensation of $97,000. The 22 most highly compensated individuals (listed below) received $42 million which equates to an average compensation package of nearly $2 million: Read more
