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.
88¢ of each $1 spent went to programs.
$5.1M 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

FY2021 · 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5.1M
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
2 mo
of spending, in cash
Plus $238.1M in investments, Pt X · Ln 11–13
Fine: 2.1 months of spending in cash; 1 to 3.
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
$196.3M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$137.2M
+20% vs prior year
Spent
$116.0M
To programs
88%
Net assets
$279.5M
By yearFY2020–FY2025
Revenue
$137.2M
FY2021▲ +20%
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
$116.0M
FY2021▲ +6%
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
$279.5M
FY2021▲ +13%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Jan 1949.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $101.8M Management & general 10% · $11.6M Fundraising 2% · $2.6M

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

43 people listed on the 990; $5.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$1,428,491Pt VII · Sec A
Chief Financial Officer
$638,168Pt VII · Sec A
Exec. Dir. College Counseling
$390,404Pt VII · Sec A
Director of Facilities
$352,448Pt VII · Sec A
Dir. of Inst. Research/Enroll.
$335,817Pt VII · Sec A
Head of Upper Division
$318,038Pt VII · Sec A
Head of Lower Division
$300,337Pt VII · Sec A
Director of John Dorr
$297,624Pt 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 · $101.8M · in their own filed words · FY2020
01

Horace mann school is an educational institution conducting programs at the nursery, lower, middle, and high school levels. During the 2021-2022 school year, the student body consisted of 1,801 students.

$101.8Mprogram 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 · 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$137.2M
Ln 12
Fees for servicesLn 2g$103.2M
Gifts and grantsLn 1h$25.0M
Investment incomeLn 3$8.9M
Money outPt IX
$116.0M
Ln 25
Programscol B$101.8M
Managementcol C$11.6M
Fundraisingcol D$2.6M
Owns and owesPt X
$279.5M
net assets · Ln 32
Cash and savingsLn 1–2$20.0M
Total assetsLn 16$475.8M
LiabilitiesLn 26$196.3M
PeoplePt VI, VII
43
listed · VII A
PaidVII A12
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25.0M
Government grantsLn 1e$1.4M
Noncash giftsLn 1g$1.4M
Fundraising eventsLn 1c$1.2M
Fees for servicesLn 2g$103.2M
Investment incomeLn 3$8.9M
Other incomeLn 4–11$150K
Gains on assetsLn 7$6.6M
Total revenueLn 12$137.2M
Assets in detailPt X, end of year
CashLn 1$612K
SavingsLn 2$19.4M
Cash and savings togetherLn 1–2$20.0M
InvestmentsLn 11–13$238.1M
Land, buildings, equipmentLn 10c$196.0M
Other assetsLn 15$558K
Total assetsLn 16$475.8M
LiabilitiesLn 26$196.3M
Net assetsLn 32$279.5M
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 FY21End FY21
Cash and savingsLn 1–2$21.9M$20.0M
InvestmentsLn 11–13$170.8M$238.1M
Land, buildings, equipmentLn 10c$202.5M$196.0M
Total assetsLn 16$412.0M$475.8M
LiabilitiesLn 26$164.9M$196.3M
Net assetsLn 32$247.1M$279.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$12.3M$12.3M
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$4.4M$3.2M$1.1M$95K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$47.4M$43.0M$3.1M$1.3M
Pension plan contributionsLn 8$3.9M$3.6M$183K$91K
Other employee benefitsLn 9$8.8M$7.7M$819K$261K
Payroll taxesLn 10$3.3M$3.0M$215K$83K
Management feesLn 11a$0
Legal feesLn 11b$550K$550K
Accounting feesLn 11c$104K$104K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$144K$144K
Investment management feesLn 11f$113K$113K
Other fees for servicesLn 11g$3.2M$2.5M$668K$96K
Advertising and promotionLn 12$0
Office expensesLn 13$4.0M$3.3M$652K$53K
Information technologyLn 14$1.0M$725K$233K$78K
RoyaltiesLn 15$0
OccupancyLn 16$4.5M$4.0M$448K$45K
TravelLn 17$2.7M$2.6M$14K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$275K$250K$25K$120
InterestLn 20$2.1M$2.1M
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9.5M$8.4M$949K$95K
InsuranceLn 23$776K$776K
Other expenses (24a–d)Ln 24$6.9M$5.1M$1.6M$230K
Total functional expensesLn 25$116.0M$101.8M$11.6M$2.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $137,244,948 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,341,990$25,008,929
I-9 Program service revenuePrior year $97,597,005$103,169,949
I-10 Investment incomePrior year $1,768,286$8,916,293
I-11 Other revenuePrior year $87,895$149,777
I-12 Total revenuePrior year $114,795,176$137,244,948
I-13 Grants and similar amounts paidPrior year $11,461,222$12,270,549
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $64,378,706$67,778,091
I-16a Professional fundraising feesPrior year $360,000$144,000
I-17 Other expensesPrior year $33,387,295$35,781,823
I-18 Total expensesPrior year $109,587,223$115,974,463
I-19 Revenue less expensesPrior year $5,207,953$21,270,485
Part VI · Governance 30 of 30 board members independent, no flags
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
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 $137,244,948 across 13 lines filed
VIII-1c Fundraising events$1,213,007
VIII-1e Government grants$1,361,667
VIII-1f All other contributions, gifts and grants$22,434,255
VIII-1g Noncash contributions (included above)$1,387,302
VIII-1h Total contributions, gifts and grants$25,008,929
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $103,169,949$103,169,949
VIII-3 Investment incomeExcluded from tax $2,325,414$2,325,414
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,590,879$6,590,879
VIII-8 Net income from fundraising eventsExcluded from tax −$67,223−$67,223
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $217,000$217,000
VIII-12 Total revenueRelated to mission $103,169,949 · Excluded from tax $9,066,070$137,244,948
Part IX · Statement of functional expenses $115,974,463 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $12,270,549$12,270,549
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 $3,205,667 · Management $1,061,636 · Fundraising $94,921$4,362,224
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $42,993,553 · Management $3,147,156 · Fundraising $1,304,689$47,445,398
IX-8 Pension plan contributionsPrograms $3,576,847 · Management $183,280 · Fundraising $91,298$3,851,425
IX-9 Other employee benefitsPrograms $7,729,096 · Management $818,773 · Fundraising $261,035$8,808,904
IX-10 Payroll taxesPrograms $3,012,227 · Management $215,159 · Fundraising $82,754$3,310,140
IX-11a Management fees$0
IX-11b Legal feesManagement $549,719$549,719
IX-11c Accounting feesManagement $104,077$104,077
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $144,000$144,000
IX-11f Investment management feesManagement $113,197$113,197
IX-11g Other fees for servicesPrograms $2,476,685 · Management $667,789 · Fundraising $95,704$3,240,178
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $3,323,292 · Management $652,022 · Fundraising $53,023$4,028,337
IX-14 Information technologyPrograms $724,720 · Management $232,945 · Fundraising $77,636$1,035,301
IX-15 Royalties$0
IX-16 OccupancyPrograms $3,991,387 · Management $448,471 · Fundraising $44,847$4,484,705
IX-17 TravelPrograms $2,647,679 · Management $13,712$2,661,391
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $249,631 · Management $25,387 · Fundraising $120$275,138
IX-20 InterestPrograms $2,078,814$2,078,814
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $8,445,947 · Management $948,983 · Fundraising $94,898$9,489,828
IX-23 InsuranceManagement $775,860$775,860
IX-24 Other expenses (24a–d)Programs $5,087,100 · Management $1,628,537 · Fundraising $229,641$6,945,278
IX-25 Total functional expensesPrograms $101,813,194 · Management $11,586,703 · Fundraising $2,574,566$115,974,463
Part X · Balance sheet $475,824,158 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $462,630$612,498
X-2 Savings and temporary cash investmentsStart of year $21,472,786$19,387,075
X-3 Pledges and grants receivableStart of year $15,511,658$20,380,415
X-4 Accounts receivableStart of year $775,373$365,445
X-8 Inventories for sale or useStart of year $92,397$82,877
X-9 Prepaid expenses and deferred chargesStart of year $320,552$321,863
X-10c Land, buildings and equipment, netStart of year $202,523,200$196,009,102
X-11 Publicly traded securitiesStart of year $128,336,481$178,472,506
X-12 Other securitiesStart of year $42,491,972$59,634,360
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$558,017
X-16 Total assetsStart of year $411,987,049$475,824,158
X-17 Accounts payable and accrued expensesStart of year $8,249,161$8,807,359
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $48,965,834$59,242,853
X-20 Tax-exempt bond liabilitiesStart of year $22,928,184$20,885,168
X-24 Unsecured notes and loans payableStart of year $40,353,395$40,423,261
X-25 Other liabilitiesStart of year $44,437,439$66,940,909
X-26 Total liabilitiesStart of year $164,934,013$196,299,550
X-27 Net assets without donor restrictionsStart of year $213,805,839$238,597,387
X-28 Net assets with donor restrictionsStart of year $33,247,197$40,927,221
X-32 Total net assets or fund balancesStart of year $247,053,036$279,524,608
X-33 Total liabilities and net assetsStart of year $411,987,049$475,824,158
Part XI · Reconciliation of net assets $279,524,608 net assets at year end
XI-1 Total revenue$137,244,948
XI-2 Total expenses$115,974,463
XI-3 Revenue less expenses$21,270,485
XI-4 Net assets at start of year$247,053,036
XI-5 Net unrealized gains (losses) on investments$34,988,140
XI-9 Other changes in net assets−$23,787,053
XI-10 Net assets at end of year$279,524,608

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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