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
65 cents of each dollar spent went to programs.
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
32 people listed on the 990; $2.3M paid to officers and key staff.
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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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 →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
Your first name shows with your question. The Calhoun School INC answers here, for everyone.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|
| End of yearLn 1g | $18.7M | $15.2M | $16.2M | $15.5M | $14.4M |
| Given inLn 1b | $408K | $586K | $568K | $949K | $4.9M |
| SpentLn 1d–1f | $523K | $1.6M | $441K | $394K | $1.3M |
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $12.3M | $7.5M |
| InvestmentsLn 11–13 | $14.7M | $18.9M |
| Land, buildings, equipmentLn 10c | $39.1M | $37.9M |
| Total assetsLn 16 | $69.1M | $66.6M |
| LiabilitiesLn 26 | $43.8M | $39.3M |
| Net assetsLn 32 | $25.3M | $27.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $9.1M | $9.1M | ||
| Pay of current officers, directors and key staffLn 5 | $1.6M | $959K | $560K | $47K |
| Other salaries and wagesLn 7 | $16.4M | $10.0M | $5.9M | $492K |
| Pension plan contributionsLn 8 | $907K | $555K | $324K | $27K |
| Other employee benefitsLn 9 | $2.1M | $1.3M | $767K | $65K |
| Payroll taxesLn 10 | $1.2M | $759K | $443K | $37K |
| Legal feesLn 11b | $24K | $24K | ||
| Accounting feesLn 11c | $107K | $107K | ||
| Investment management feesLn 11f | $47K | $47K | ||
| Other fees for servicesLn 11g | $772K | $764K | $8K | |
| Office expensesLn 13 | $2.5M | $747K | $1.7M | $44K |
| OccupancyLn 16 | $2.6M | $1.6M | $937K | $79K |
| TravelLn 17 | $98K | $46K | $52K | |
| InterestLn 20 | $895K | $895K | ||
| Depreciation, depletion and amortizationLn 22 | $1.7M | $1.0M | $594K | $50K |
| InsuranceLn 23 | $263K | $263K | ||
| Other expenses (24a–d)Ln 24 | $313K | $225K | $12K | $76K |
| Total functional expensesLn 25 | $40.6M | $26.4M | $13.3M | $924K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 18, 2026 | $38.2M | $43.6M | −$5.4M | $28.3M | 990 PDF |
| FY2024Filed with the IRS May 14, 2025 | $40.8M | $47.1M | −$6.3M | $32.3M | 990 PDF |
| FY2023Filed with the IRS May 6, 2024 | $50.9M | $42.7M | $8.2M | $36.5M | 990 PDF |
| FY2022Filed with the IRS May 3, 2023 | $37.8M | $40.5M | −$2.7M | $21.6M | 990 PDF |
| FY2021 ViewingFiled with the IRS May 4, 2022 | $39.6M | $40.6M | −$1.1M | $27.3M | 990 PDF |
| FY2020Filed with the IRS May 10, 2021 | $37.8M | $37.7M | $117K | $25.3M | 990 PDF |
| FY2019Filed with the IRS Mar 27, 2021 | $38.6M | $37.6M | $1.1M | $25.3M | 990 PDF |
Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $39,561,327 revenue, 12 lines filed
Part VI · Governance 23 of 23 board members independent, no flags
Part VIII · Statement of revenue $39,561,327 across 10 lines filed
Part IX · Statement of functional expenses $40,613,962 across 17 lines filed
Part X · Balance sheet $66,556,667 assets, 16 lines filed
Part XI · Reconciliation of net assets $27,268,097 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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