Calhoun inspires a passion for learning through a progressive approach to education that values intellectual pursuit, creativity, diversity and community involvement.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$2.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2019 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 7
filings with a surplus
Average deficit $862K a year · 2% of revenue · last 7 filings
Concern: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $13.4M in investments, Pt X · Ln 11–13
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
14
named funders · $693K
Looks good: 14 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$43.4M
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$38.6M
Spent
$37.6M
To programs
66%
Net assets
$25.3M
By yearFY2019–FY2025
Revenue
$38.6M
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$38.6M
FY2020$37.8M
FY2021$39.6M
FY2022$37.8M
FY2023$50.9M
FY2024$40.8M
FY2025$38.2M
Expenses
$37.6M
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$37.6M
FY2020$37.7M
FY2021$40.6M
FY2022$40.5M
FY2023$42.7M
FY2024$47.1M
FY2025$43.6M
Net assets
$25.3M
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019$25.3M
FY2020$25.3M
FY2021$27.3M
FY2022$21.6M
FY2023$36.5M
FY2024$32.3M
FY2025$28.3M

From the FY2019 Form 990 (year ending June 2019) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1941.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $24.8M Management & general 30% · $11.4M Fundraising 4% · $1.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

33 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2018); the FY2019 filing did not itemize Part VII
Head of School
$664,192Pt VII · Sec A
Director of Finance
$212,913Pt VII · Sec A
Director of Lower School
$192,754Pt VII · Sec A
Director of Technology
$179,240Pt VII · Sec A
Director of Enrollment
$177,084Pt VII · Sec A
Director of Upper School
$174,812Pt VII · Sec A
Director of College Counseling
$156,650Pt VII · Sec A
$147,412Pt VII · Sec A

Celeste Herrera’s $404K as Head of School (as of 07/24) is at the 81st percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Steven Solnick$380,262$755,325$749,119$744,481$778,149$763,431
Celeste Herrera$403,500—————
Victor Catano$348,951$268,916————
Dorothy Lamonaca——$248,308———
Brendan Doyle———$226,797$219,941$220,429
Eric Osorio—$225,211$221,536$222,375$209,469$200,439
Mary McCarty$212,075$201,869————
Lawrence Mitchell———$209,425$203,713$206,226

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Calhoun School INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides a progressive, coeducational college preparatory education for students from preschool through twelfth grade, fostering creativity, diversity, and a passion for learning.

Questions for The Calhoun School INC

Tap to ask. The Calhoun School INC sees how many people are interested.

Your first name shows with your question. The Calhoun School INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $24.8M · in their own filed words · FY2018
01

Calhoun's goal is to inspire a passion for learning through a progressive approach to education that values intellectual pursuit, creativity, diversity, and community involvement.

$24.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 14 funders →
Grants paid · 1 grant · $11.6M · 2024–2024
Unitemized GrantFY2024$11,565,400

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$38.6M
Ln 12
Fees for servicesLn 2g$35.4M
Gifts and grantsLn 1h$2.8M
Investment incomeLn 3$466K
Money outPt IX
$37.6M
Ln 25
Programscol B$24.8M
Managementcol C$11.4M
Fundraisingcol D$1.3M
Owns and owesPt X
$25.3M
net assets · Ln 32
Cash and savingsLn 1–2$10.5M
Total assetsLn 16$68.8M
LiabilitiesLn 26$43.4M
PeoplePt VI, VII
33
listed · VII A
PaidVII A9
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Government grantsLn 1e$185K
Noncash giftsLn 1g$593K
Fundraising eventsLn 1c$1.1M
Fees for servicesLn 2g$35.4M
Investment incomeLn 3$466K
Gains on assetsLn 7$113K
Total revenueLn 12$38.6M
Assets in detailPt X, end of year
CashLn 1$3.4M
SavingsLn 2$7.1M
Cash and savings togetherLn 1–2$10.5M
InvestmentsLn 11–13$13.4M
Land, buildings, equipmentLn 10c$40.6M
Other assetsLn 15$0
Total assetsLn 16$68.8M
LiabilitiesLn 26$43.4M
Net assetsLn 32$25.3M
OperationsPt I, VI
EmployeesI 5254
VolunteersI 6150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$10.7M$10.5M
InvestmentsLn 11–13$10.2M$13.4M
Land, buildings, equipmentLn 10c$42.2M$40.6M
Total assetsLn 16$69.0M$68.8M
LiabilitiesLn 26$44.7M$43.4M
Net assetsLn 32$24.3M$25.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$5.7M$5.7M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.5M$935K$482K$55K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$16.1M$10.2M$5.3M$602K
Pension plan contributionsLn 8$857K$544K$281K$32K
Other employee benefitsLn 9$2.4M$1.5M$790K$90K
Payroll taxesLn 10$1.0M$664K$342K$39K
Management feesLn 11a$0
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$111K$111K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$30K$30K
Other fees for servicesLn 11g$211K$204K$8K
Advertising and promotionLn 12$0
Office expensesLn 13$2.7M$1.4M$943K$329K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$2.7M$1.7M$882K$101K
TravelLn 17$536K$443K$93K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$1.1M$1.1M
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1.8M$1.2M$569K$68K
InsuranceLn 23$266K$266K
Other expenses (24a–d)Ln 24$581K$538K$29K$15K
Total functional expensesLn 25$37.6M$24.8M$11.4M$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $38.2M$43.6M−$5.4M$28.3M 990 PDF
FY2024 $40.8M$47.1M−$6.3M$32.3M 990 PDF
FY2023 $50.9M$42.7M$8.2M$36.5M 990 PDF
FY2022 $37.8M$40.5M−$2.7M$21.6M 990 PDF
FY2021 $39.6M$40.6M−$1.1M$27.3M 990 PDF
FY2020 $37.8M$37.7M$117K$25.3M 990 PDF
FY2019 Viewing $38.6M$37.6M$1.1M$25.3M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2019 990 (6 parts)
Part I · Summary $38,637,878 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,106,483$2,781,723
I-9 Program service revenuePrior year $34,293,822$35,389,994
I-10 Investment incomePrior year $428,674$466,161
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $38,828,979$38,637,878
I-13 Grants and similar amounts paidPrior year $5,280,033$5,674,531
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $21,711,725$21,870,683
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,683,791$10,036,068
I-18 Total expensesPrior year $36,675,549$37,581,282
I-19 Revenue less expensesPrior year $2,153,430$1,056,596
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $38,637,878 across 11 lines filed
VIII-1c Fundraising events$1,052,574
VIII-1e Government grants$185,022
VIII-1f All other contributions, gifts and grants$1,544,127
VIII-1g Noncash contributions (included above)$593,003
VIII-1h Total contributions, gifts and grants$2,781,723
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $35,389,994$35,389,994
VIII-3 Investment incomeExcluded from tax $352,896$352,896
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $113,265$113,265
VIII-12 Total revenueRelated to mission $35,389,994 · Excluded from tax $466,161$38,637,878
Part IX · Statement of functional expenses $37,581,282 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $5,674,531$5,674,531
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $934,841 · Management $481,741 · Fundraising $55,057$1,471,639
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $10,217,077 · Management $5,265,047 · Fundraising $601,727$16,083,851
IX-8 Pension plan contributionsPrograms $544,354 · Management $280,515 · Fundraising $32,059$856,928
IX-9 Other employee benefitsPrograms $1,533,257 · Management $790,116 · Fundraising $90,300$2,413,673
IX-10 Payroll taxesPrograms $663,565 · Management $341,947 · Fundraising $39,080$1,044,592
IX-11a Management fees$0
IX-11b Legal feesManagement $8,422$8,422
IX-11c Accounting feesManagement $111,349$111,349
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $30,001$30,001
IX-11g Other fees for servicesManagement $203,686 · Fundraising $7,607$211,293
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $1,405,376 · Management $943,254 · Fundraising $329,450$2,678,080
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,711,866 · Management $882,156 · Fundraising $100,819$2,694,841
IX-17 TravelPrograms $443,040 · Management $92,836$535,876
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $1,119,032$1,119,032
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,162,868 · Management $568,595 · Fundraising $68,486$1,799,949
IX-23 InsuranceManagement $265,731$265,731
IX-24 Other expenses (24a–d)Programs $537,882 · Management $29,075 · Fundraising $14,537$581,494
IX-25 Total functional expensesPrograms $24,828,657 · Management $11,413,503 · Fundraising $1,339,122$37,581,282
Part X · Balance sheet $68,751,191 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $10,661,846$3,399,330
X-2 Savings and temporary cash investmentsStart of year $30,034$7,074,725
X-3 Pledges and grants receivableStart of year $4,210,980$3,247,536
X-4 Accounts receivableStart of year $400,998$284,615
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $500,147$717,574
X-10c Land, buildings and equipment, netStart of year $42,204,233$40,593,792
X-11 Publicly traded securitiesStart of year $10,184,999$13,433,619
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $785,166$0
X-16 Total assetsStart of year $68,978,403$68,751,191
X-17 Accounts payable and accrued expensesStart of year $2,609,693$2,392,469
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $12,287,211$12,691,523
X-20 Tax-exempt bond liabilitiesStart of year $29,797,952$28,338,168
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $44,694,856$43,422,160
X-32 Total net assets or fund balancesStart of year $24,283,547$25,329,031
X-33 Total liabilities and net assetsStart of year $68,978,403$68,751,191
Part XI · Reconciliation of net assets $25,329,031 net assets at year end
XI-1 Total revenue$38,637,878
XI-2 Total expenses$37,581,282
XI-3 Revenue less expenses$1,056,596
XI-4 Net assets at start of year$24,283,547
XI-5 Net unrealized gains (losses) on investments$79,617
XI-9 Other changes in net assets−$90,729
XI-10 Net assets at end of year$25,329,031

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.