Horace Mann School
- Assets
- $475.8m
- Revenue
- $137.2m
- Investments
- $59.6m
- Employees
- 595
- Location
- Bronx, NY
- Founding
- 01/1949
- Data as of
- 06/2021
- EIN
- 13-1740455
Organization Overview
Horace Mann School is located in Bronx, NY. The organization was established in 1949. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Horace Mann School employed 595 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horace Mann School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Horace Mann School generated $137.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $116.0m during the year ending 06/2021. While expenses have increased by 4.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CONTINUOUS EDUCATION PROGRAM FOR BOYS, GIRLS, AND OTHERS WHO IDENTIFY DIFFERENTLY, FROM NURSERY THROUGH HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HORACE MANN SCHOOL IS AN EDUCATIONAL INSTITUTION CONDUCTING PROGRAMS AT THE NURSERY, LOWER, MIDDLE, AND HIGH SCHOOL LEVELS. DURING THE 2021-2022 SCHOOL YEAR, THE STUDENT BODY CONSISTED OF 1,801 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Kelly Head Of School | Officer | 60 | $1,428,491 |
Edward L Sinclair Jr Chief Financial Officer | Officer | 50 | $638,168 |
Canh Oxelson Exec. Dir. College Counseling | 40 | $390,404 | |
Gordon Jensen Director Of Facilities | 40 | $352,448 | |
Lisa Moreira Dir. Of Inst. Research/enroll. | 40 | $335,817 | |
Jessica Levenstein Head Of Upper Division | Officer | 40 | $318,038 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hunter Roberts Construction Group Construction | 6/29/21 | $1,334,244 |
Lucadamo And Sons Inc General Contractor | 6/29/21 | $1,629,576 |
Flik International Corp Food Service | 6/29/21 | $3,091,238 |
Accent Maintenance Cleaning Service | 6/29/21 | $614,007 |
Vp Buses Llc Transportation | 6/29/21 | $2,297,799 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,213,007 |
| Related organizations | $0 |
| Government grants | $1,361,667 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,434,255 |
| Noncash contributions included in lines 1a–1f | $1,387,302 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,008,929 |
| Total Program Service Revenue | $103,169,949 |
| Investment income | $2,325,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,590,879 |
| Net Income from Fundraising Events | -$67,223 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,244,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,270,549 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,362,224 |
| Compensation of current officers, directors, key employees. | $1,061,636 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,445,398 |
| Pension plan accruals and contributions | $3,851,425 |
| Other employee benefits | $8,808,904 |
| Payroll taxes | $3,310,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $549,719 |
| Fees for services: Accounting | $104,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $144,000 |
| Fees for services: Investment Management | $113,197 |
| Fees for services: Other | $3,240,178 |
| Advertising and promotion | $0 |
| Office expenses | $4,028,337 |
| Information technology | $1,035,301 |
| Royalties | $0 |
| Occupancy | $4,484,705 |
| Travel | $2,661,391 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $275,138 |
| Interest | $2,078,814 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,489,828 |
| Insurance | $775,860 |
| All other expenses | $0 |
| Total functional expenses | $115,974,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $612,498 |
| Savings and temporary cash investments | $19,387,075 |
| Pledges and grants receivable | $20,380,415 |
| Accounts receivable, net | $365,445 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,877 |
| Prepaid expenses and deferred charges | $321,863 |
| Net Land, buildings, and equipment | $196,009,102 |
| Investments—publicly traded securities | $178,472,506 |
| Investments—other securities | $59,634,360 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $558,017 |
| Total assets | $475,824,158 |
| Accounts payable and accrued expenses | $8,807,359 |
| Grants payable | $0 |
| Deferred revenue | $59,242,853 |
| Tax-exempt bond liabilities | $20,885,168 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $40,423,261 |
| Other liabilities | $66,940,909 |
| Total liabilities | $196,299,550 |
| Net assets without donor restrictions | $238,597,387 |
| Net assets with donor restrictions | $40,927,221 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $475,824,158 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Horace Mann School has recieved totaling $64,050.
| Awarding Organization | Amount |
|---|---|
David And Sheila Cornstein Foundation Palm Beach, FL PURPOSE: CHARITABLE | $60,000 |
The Fullgraf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $4,000 |
Sachs Family Foundation Westport, CT PURPOSE: UNRESTRICTEDGRANT | $50 |
Endowment Analysis
| Beg. Balance | $28,741,600 |
| Earnings | $7,077,996 |
| Net Contributions | $273,688 |
| Other Expense | $484,002 |
| Grants | $651,007 |
| Ending Balance | $34,958,275 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milton Hershey School & School Trust Hershey, PA | $17,395,898,597 | $461,991,595 |
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Milton Academy Milton, MA | $512,730,465 | $105,004,685 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Pingry Corporation Basking Ridge, NJ | $215,792,985 | $70,756,009 |