Horace Mann School prepares a diverse community of students to lead great and giving lives. We strive to maintain a safe, secure, and caring environment in which mutual respect, mature behavior, and the life of the mind can thrive. We recognize and celebrate individual achievement and contributions to the common good.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 850 volunteers and 597 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $15.8M a year · 12% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5.8M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $344.3M in investments, Pt X · Ln 11–13
Fine: 0.6 months of spending in cash, plus $344.3M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
14
named funders · $4.6M
Looks good: 14 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$133.5M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
35
of 35 voting members
Looks good: 35 of 35 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$146.4M
+1% vs prior year
Spent
$130.9M
To programs
89%
Net assets
$407.9M
By yearFY2020–FY2025
Revenue
$146.4M
FY2025▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$114.8M
FY2021$137.2M
FY2022$133.0M
FY2023$134.4M
FY2024$144.9M
FY2025$146.4M
Expenses
$130.9M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$109.6M
FY2021$116.0M
FY2022$117.7M
FY2023$117.5M
FY2024$124.6M
FY2025$130.9M
Net assets
$407.9M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$247.1M
FY2021$279.5M
FY2022$289.6M
FY2023$327.1M
FY2024$368.1M
FY2025$407.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1949.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $116.5M Management & general 8% · $11.0M Fundraising 3% · $3.3M

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

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Who runs it and what they're paid

47 people listed on the 990; $5.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$1,876,426Pt VII · Sec A
Associate Head for Operations
$529,526Pt VII · Sec A
Head of Upper Division
$411,542Pt VII · Sec A
Chief Financial Officer
$367,871Pt VII · Sec A
Head of Lower Division
$362,568Pt VII · Sec A
Director of Facilities
$358,074Pt VII · Sec A
Executive Dir. College Counseling
$356,023Pt VII · Sec A
Director of Alumni/Development
$338,270Pt VII · Sec A

Thomas M Kelly’s $1.9M as Head of School is at the 89th percentile of top reported officer pay among 674 $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
Thomas Kelly—$2,805,522$1,589,684$1,827,447$1,428,491$1,078,474
Thomas M Kelly$1,876,426—————
Edward L Sinclair JR————$638,168$526,788
Edward L Sinclair——$402,341$628,344——
Canh Oxelson$529,526$455,613$502,000$481,226$390,404$358,901
Glenn S Sherratt———$460,803——
Gordon a Jensen$358,074$357,062$364,634$431,218——
Jessica Levenstein Davis$411,542$394,079$359,302$348,666——

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.

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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

Offers continuous education for diverse youth from nursery through high school.

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Provided by the organization

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1 program · $116.5M · in their own filed words · FY2024
01

Horace mann school is an educational institution conducting programs at the nursery, lower, middle, and high school levels. During the 2024-2025 school year, the student body consisted of 1,805 students.

$116.5Mprogram 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 · 27 grants · $79.9M · 2019–2024
Unitemized GrantFY2024$15,034,957
Unitemized GrantFY2024$856,705
Prep for PrepNY · FY2024$25,000
American Jewish CommitteeNY · FY2024$20,000
Msk GivingNY · FY2024$10,000
Summer Steps at the Brick Church SchoolFY2024$6,000
Music for Life InstituteWA · FY2024$5,000
Unitemized GrantFY2023$15,113,592
American Jewish CommitteeNY · FY2023$35,000
Hilltop Cares FoundationNY · FY2023$35,000
Prep for PrepNY · FY2023$15,000
George Jackson AcademyNY · FY2023$10,000
See all 27 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$146.4M
Ln 12
Fees for servicesLn 2g$120.2M
Gifts and grantsLn 1h$17.0M
Investment incomeLn 3$8.7M
Money outPt IX
$130.9M
Ln 25
Programscol B$116.5M
Managementcol C$11.0M
Fundraisingcol D$3.3M
Owns and owesPt X
$407.9M
net assets · Ln 32
Cash and savingsLn 1–2$7.1M
Total assetsLn 16$541.5M
LiabilitiesLn 26$133.5M
PeoplePt VI, VII
47
listed · VII A
PaidVII A12
Voting boardVI 1a35
IndependentVI 1b35
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17.0M
Government grantsLn 1e$2.1M
Noncash giftsLn 1g$4.3M
Fundraising eventsLn 1c$1.7M
Fees for servicesLn 2g$120.2M
Investment incomeLn 3$8.7M
Other incomeLn 4–11$503K
Gains on assetsLn 7$1.8M
Total revenueLn 12$146.4M
Assets in detailPt X, end of year
CashLn 1$2.7M
SavingsLn 2$4.3M
Cash and savings togetherLn 1–2$7.1M
InvestmentsLn 11–13$344.3M
Land, buildings, equipmentLn 10c$175.9M
Other assetsLn 15$1.8M
Total assetsLn 16$541.5M
LiabilitiesLn 26$133.5M
Net assetsLn 32$407.9M
OperationsPt I, VI
EmployeesI 5597
VolunteersI 6850
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 FY25End FY25
Cash and savingsLn 1–2$17.7M$7.1M
InvestmentsLn 11–13$296.1M$344.3M
Land, buildings, equipmentLn 10c$179.6M$175.9M
Total assetsLn 16$512.1M$541.5M
LiabilitiesLn 26$144.0M$133.5M
Net assetsLn 32$368.1M$407.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$116K$116K
Grants to domestic individualsLn 2$15.9M$15.9M
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$4.9M$3.7M$1.0M$120K
Other salaries and wagesLn 7$54.4M$50.0M$3.1M$1.3M
Pension plan contributionsLn 8$5.1M$4.6M$360K$132K
Other employee benefitsLn 9$8.3M$7.6M$539K$202K
Payroll taxesLn 10$4.0M$3.6M$272K$94K
Legal feesLn 11b$803K$803K
Accounting feesLn 11c$113K$113K
Investment management feesLn 11f$155K$155K
Other fees for servicesLn 11g$3.6M$2.7M$817K$128K
Office expensesLn 13$2.7M$2.3M$249K$147K
Information technologyLn 14$1.5M$1.0M$375K$75K
OccupancyLn 16$4.5M$4.0M$403K$45K
TravelLn 17$765K$762K$3K$375
Conferences, conventions and meetingsLn 19$591K$390K$5K$196K
InterestLn 20$1.2M$1.2M
Depreciation, depletion and amortizationLn 22$10.1M$9.1M$909K$101K
InsuranceLn 23$988K$988K
Other expenses (24a–d)Ln 24$11.2M$9.5M$912K$804K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$130.9M$116.5M$11.0M$3.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $146.4M$130.9M$15.5M$407.9M 990 PDF
FY2024 $144.9M$124.6M$20.3M$368.1M 990 PDF
FY2023 $134.4M$117.5M$16.9M$327.1M 990 PDF
FY2022 $133.0M$117.7M$15.2M$289.6M 990 PDF
FY2021 $137.2M$116.0M$21.3M$279.5M 990 PDF
FY2020 $114.8M$109.6M$5.2M$247.1M 990 PDF

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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 FY2025 990 (6 parts)
Part I · Summary $146,409,893 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $19,804,417$17,037,568
I-9 Program service revenuePrior year $115,688,967$120,176,524
I-10 Investment incomePrior year $8,726,750$8,692,545
I-11 Other revenuePrior year $722,236$503,256
I-12 Total revenuePrior year $144,942,370$146,409,893
I-13 Grants and similar amounts paidPrior year $15,283,592$16,007,662
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $71,007,827$76,662,860
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $38,307,752$38,196,404
I-18 Total expensesPrior year $124,599,171$130,866,926
I-19 Revenue less expensesPrior year $20,343,199$15,542,967
Part VI · Governance 35 of 35 board members independent, no flags
VI-1a Voting members of the governing body35
VI-1b Independent voting members35
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 $146,409,893 across 11 lines filed
VIII-1c Fundraising events$1,703,106
VIII-1e Government grants$2,122,582
VIII-1f All other contributions, gifts and grants$13,211,880
VIII-1g Noncash contributions (included above)$4,338,883
VIII-1h Total contributions, gifts and grants$17,037,568
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $120,176,524$120,176,524
VIII-3 Investment incomeExcluded from tax $6,921,948$6,921,948
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,770,597$1,770,597
VIII-8 Net income from fundraising eventsExcluded from tax −$2,003−$2,003
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $505,259$505,259
VIII-12 Total revenueRelated to mission $120,176,524 · Unrelated business $0 · Excluded from tax $9,195,801$146,409,893
Part IX · Statement of functional expenses $130,866,926 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $116,000$116,000
IX-2 Grants to domestic individualsPrograms $15,891,662$15,891,662
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $3,732,560 · Management $1,018,446 · Fundraising $120,210$4,871,216
IX-7 Other salaries and wagesPrograms $49,990,637 · Management $3,103,634 · Fundraising $1,272,081$54,366,352
IX-8 Pension plan contributionsPrograms $4,621,969 · Management $359,914 · Fundraising $131,825$5,113,708
IX-9 Other employee benefitsPrograms $7,597,733 · Management $538,584 · Fundraising $202,477$8,338,794
IX-10 Payroll taxesPrograms $3,606,923 · Management $271,987 · Fundraising $93,880$3,972,790
IX-11b Legal feesManagement $802,675$802,675
IX-11c Accounting feesManagement $113,274$113,274
IX-11f Investment management feesManagement $154,662$154,662
IX-11g Other fees for servicesPrograms $2,671,622 · Management $817,321 · Fundraising $128,276$3,617,219
IX-13 Office expensesPrograms $2,289,128 · Management $249,391 · Fundraising $147,480$2,685,999
IX-14 Information technologyPrograms $1,049,405 · Management $374,787 · Fundraising $74,957$1,499,149
IX-16 OccupancyPrograms $4,026,962 · Management $402,696 · Fundraising $44,744$4,474,402
IX-17 TravelPrograms $761,568 · Management $2,611 · Fundraising $375$764,554
IX-19 Conferences, conventions and meetingsPrograms $389,685 · Management $5,464 · Fundraising $196,099$591,248
IX-20 InterestPrograms $1,235,038$1,235,038
IX-22 Depreciation, depletion and amortizationPrograms $9,085,243 · Management $908,524 · Fundraising $100,947$10,094,714
IX-23 InsuranceManagement $987,733$987,733
IX-24 Other expenses (24a–d)Programs $9,460,555 · Management $911,536 · Fundraising $803,646$11,175,737
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $116,526,690 · Management $11,023,239 · Fundraising $3,316,997$130,866,926
Part X · Balance sheet $541,456,785 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $4,058,995$2,726,895
X-2 Savings and temporary cash investmentsStart of year $13,677,887$4,329,816
X-3 Pledges and grants receivableStart of year $15,320,403$10,934,253
X-4 Accounts receivableStart of year $161,238$99,071
X-8 Inventories for sale or useStart of year $91,469$96,074
X-9 Prepaid expenses and deferred chargesStart of year $495,836$1,302,907
X-10c Land, buildings and equipment, netStart of year $179,564,778$175,868,668
X-11 Publicly traded securitiesStart of year $212,763,661$249,271,667
X-12 Other securitiesStart of year $83,353,805$94,995,606
X-15 Other assetsStart of year $2,566,588$1,831,828
X-16 Total assetsStart of year $512,054,660$541,456,785
X-17 Accounts payable and accrued expensesStart of year $6,204,669$7,161,376
X-19 Deferred revenueStart of year $64,145,154$65,238,983
X-20 Tax-exempt bond liabilitiesStart of year $14,058,823$11,540,584
X-24 Unsecured notes and loans payableStart of year $30,764,401$20,708,372
X-25 Other liabilitiesStart of year $28,787,193$28,882,357
X-26 Total liabilitiesStart of year $143,960,240$133,531,672
X-27 Net assets without donor restrictionsStart of year $306,235,746$337,485,539
X-28 Net assets with donor restrictionsStart of year $61,858,674$70,439,574
X-32 Total net assets or fund balancesStart of year $368,094,420$407,925,113
X-33 Total liabilities and net assetsStart of year $512,054,660$541,456,785
Part XI · Reconciliation of net assets $407,925,113 net assets at year end
XI-1 Total revenue$146,409,893
XI-2 Total expenses$130,866,926
XI-3 Revenue less expenses$15,542,967
XI-4 Net assets at start of year$368,094,420
XI-5 Net unrealized gains (losses) on investments$25,062,740
XI-9 Other changes in net assets−$775,014
XI-10 Net assets at end of year$407,925,113

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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