Horace Mann School
- Assets
- $451.8m
- Revenue
- $133.0m
- Investments
- $58.5m
- Employees
- 572
- Location
- Bronx, NY
- Founding
- 01/1949
- Data as of
- 06/2022
- 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 06/2022, Horace Mann School employed 572 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 06/2022, Horace Mann School generated $133.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $117.7m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 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
2022
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 PROGRAM AT THE NURSERY, LOWER, MIDDLE, AND HIGH SCHOOL LEVELS. DURING THE 2021-2022 SCHOOL YEAR, THE STUDENT BODY CONSISTED OF 1,793 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Kelly Head Of School | Officer | 60 | $1,827,447 |
Edward L Sinclair CFO (deceased 1/16/2022) | Officer | 40 | $628,344 |
Canh Oxelson Exec Dir. College Counseling | 40 | $481,226 | |
Glenn S Sherratt Director Of John Dorr | 40 | $460,803 | |
Lisa J Moreira Dir. Inst. Research/enrollment | 40 | $377,994 | |
Gordon A Jensen Director Of Facilities | 40 | $431,218 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik International Corp Food Service | 6/29/22 | $3,553,295 |
Jeancare Services Inc Cleaning | 6/29/22 | $1,329,099 |
Schulte Roth Zabel Llp Legal | 6/29/22 | $1,049,729 |
Selby Transportation Corp Transportation | 6/29/22 | $769,207 |
Vp Buses Llc Transportation | 6/29/22 | $452,723 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,202,187 |
| Related organizations | $0 |
| Government grants | $1,266,121 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,804,439 |
| Noncash contributions included in lines 1a–1f | $366,148 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,272,747 |
| Total Program Service Revenue | $107,378,662 |
| Investment income | $3,370,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,848,841 |
| Net Income from Fundraising Events | -$63,663 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,964,444 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,502,748 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,632,392 |
| Compensation of current officers, directors, key employees. | $1,206,883 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,771,966 |
| Pension plan accruals and contributions | $3,929,731 |
| Other employee benefits | $8,219,689 |
| Payroll taxes | $3,459,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,237,118 |
| Fees for services: Accounting | $103,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,401 |
| Fees for services: Other | $3,633,479 |
| Advertising and promotion | $0 |
| Office expenses | $3,004,249 |
| Information technology | $1,213,239 |
| Royalties | $0 |
| Occupancy | $4,478,156 |
| Travel | $455,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $461,515 |
| Interest | $2,023,029 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,082,268 |
| Insurance | $830,555 |
| All other expenses | $0 |
| Total functional expenses | $117,736,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,776,181 |
| Savings and temporary cash investments | $31,572,755 |
| Pledges and grants receivable | $17,023,317 |
| Accounts receivable, net | $44,859 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $76,700 |
| Prepaid expenses and deferred charges | $416,720 |
| Net Land, buildings, and equipment | $189,377,485 |
| Investments—publicly traded securities | $119,518,360 |
| Investments—other securities | $58,541,299 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,408,200 |
| Total assets | $451,755,876 |
| Accounts payable and accrued expenses | $8,406,598 |
| Grants payable | $0 |
| Deferred revenue | $65,049,433 |
| Tax-exempt bond liabilities | $18,727,770 |
| 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 | $40,493,129 |
| Other liabilities | $29,490,668 |
| Total liabilities | $162,167,598 |
| Net assets without donor restrictions | $246,089,205 |
| Net assets with donor restrictions | $43,499,073 |
| 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 | $451,755,876 |