Herron High School Inc
- Assets
- $20.0m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 198
- Location
- Indianapolis, IN
- Founding
- 10/2005
- Data as of
- 06/2021
- EIN
- 20-2010941
Organization Overview
Herron High School Inc is located in Indianapolis, IN. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Herron High School Inc employed 198 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herron High School Inc 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, Herron High School Inc generated $15.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $13.8m during the year ending 06/2021. While expenses have increased by 11.8% 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
HERRON HIGH SCHOOL PARTNERS WITH FAMILIES AND THE COMMUNITY TO PROVIDE A CLASSICAL LIBERAL ARTS EDUCATION THAT INTEGRATES KNOWLEDGE, INSPIRES CHARACTER AND VALUES COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERRON HIGH SCHOOL, INC. (D/B/A INDIANAPOLIS CLASSICAL SCHOOLS) OPERATES PUBLIC CHARTER HIGH SCHOOLS IN DOWNTOWN INDIANAPOLIS - HERRON HIGH SCHOOL AND RIVERSIDE HIGH SCHOOL. INDIANAPOLIS CLASSICAL SCHOOLS PROVIDES A CLASSICAL LIBERAL ARTS, COLLEGE PREPARATORY EDUCATION. THE SCHOOL'S CURRICULUM IS STRUCTURED AROUND AN ART HISTORY TIMELINE AND EMPHASIZES THE CLASSIC ART AND LITERATURE OF MANY CULTURES. THROUGH AN INTEGRATED CURRICULUM AND CLASSICAL METHODOLOGY, INDIANAPOLIS CLASSICAL SCHOOLS BELIEVE THAT ALL STUDENTS CAN LEARN TO THINK LOGICALLY, EXPRESS THEMSELVES CREATIVELY, APPRECIATE AESTHETICS FULLY, AND APPROACH ANY SUBJECT INTELLIGENTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet H Mcneal Head Of School | Officer | 40 | $157,639 |
Juli Woodrum Chief Financial Officer | Officer | 40 | $123,704 |
Jonathan Harris Vice President, Academics | 40 | $113,068 | |
Deborah Cooney Vice President, Operations | 40 | $113,068 | |
John Watson President | OfficerTrustee | 10 | $0 |
Mark Nottingham Vice President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
North Mechanical Services Inc Hvac | 6/29/21 | $146,732 |
A'viands Food Services And Mgmt | 6/29/21 | $141,838 |
Progressive Therapy Services Speech & Occupational Therapy For Studen | 6/29/21 | $103,168 |
Executive Image Building Service Inc Facilities Mgmt & Janitorial | 6/29/21 | $201,443 |
Lmc Service Solutions Hvac | 6/29/21 | $100,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,394 |
| Related organizations | $0 |
| Government grants | $14,290,940 |
| All other contributions, gifts, grants, and similar amounts not included above | $663,953 |
| Noncash contributions included in lines 1a–1f | $3,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,010,287 |
| Total Program Service Revenue | $217,198 |
| Investment income | $115,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,501 |
| Net Income from Fundraising Events | -$12,773 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,381,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $318,220 |
| Compensation of current officers, directors, key employees. | $230,340 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,771,192 |
| Pension plan accruals and contributions | $47,053 |
| Other employee benefits | $1,354,287 |
| Payroll taxes | $558,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,057 |
| Fees for services: Accounting | $66,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $602,330 |
| Advertising and promotion | $119,540 |
| Office expenses | $0 |
| Information technology | $162,731 |
| Royalties | $0 |
| Occupancy | $1,084,380 |
| Travel | $5,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $190,887 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $608,010 |
| Insurance | $182,881 |
| All other expenses | $0 |
| Total functional expenses | $13,761,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,219,367 |
| Savings and temporary cash investments | $600,000 |
| Pledges and grants receivable | $1,008,690 |
| Accounts receivable, net | $45,641 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,629 |
| Net Land, buildings, and equipment | $8,404,977 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $26,230 |
| Other assets | $6,604,866 |
| Total assets | $19,992,400 |
| Accounts payable and accrued expenses | $1,595,286 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,841,488 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $81,610 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $4,337,948 |
| Other liabilities | $0 |
| Total liabilities | $9,856,332 |
| Net assets without donor restrictions | $8,096,707 |
| Net assets with donor restrictions | $2,039,361 |
| 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 | $19,992,400 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Herron High School Inc has recieved totaling $1,185,000.
| Awarding Organization | Amount |
|---|---|
The Mind Trust Inc Indianapolis, IN PURPOSE: SEE ATTACHED | $510,500 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $325,000 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $275,000 |
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: To Be Used at the Organization's Discretion | $39,500 |
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Herron Preparatory Academy | $15,000 |
Ackerman Foundation Indianapolis, IN PURPOSE: GENERAL OPERATIONS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Chicago Schools Chicago, IL | $13,709,561 | $40,280,655 |
Phalen Leadership Academy-Indiana Inc Indianapolis, IN | $19,837,313 | $31,079,119 |
Carmen High School Of Science And Technology Inc Milwaukee, WI | $26,487,634 | $24,006,774 |
Kipp Indianapolis Inc Indianapolis, IN | $19,111,079 | $22,227,841 |
Frontier Schools Inc Kansas City, MO | $35,530,269 | $28,374,845 |
Intrinsic Schools Chicago, IL | $39,836,849 | $21,177,530 |
Guadalupe Educational Systems Inc Kansas City, MO | $13,472,707 | $27,548,134 |
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Ewing Marion Kauffman School Inc Kansas City, MO | $12,328,924 | $22,686,630 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Crossroads Charter Schools Kansas City, MO | $14,061,355 | $16,288,564 |
Career Academy Of South Bend Inc South Bend, IN | $28,812,268 | $15,770,291 |