You’re viewing the FY2024 filing — not the latest on file.
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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.
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
43 people listed on the 990; $6.3M paid to officers and key staff.
Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of School
$2,805,522Pt VII · Sec A
Executive Dir. College Counseling
$455,613Pt VII · Sec A
Head of Upper Division
$394,079Pt VII · Sec A
Dir. Inst. Research & Enrollment
$359,866Pt VII · Sec A
Head of Lower Division
$357,804Pt VII · Sec A
Director of Facilities
$357,062Pt VII · Sec A
Chief Financial Officer
$331,018Pt VII · Sec A
Director of Alumni/Development
$323,070Pt VII · Sec A
Head of Middle Division
$322,356Pt VII · Sec A
Dir. Athletics & Summer Prgm
$321,879Pt VII · Sec A
Head of Nursery Division
$265,789Pt VII · Sec A
Trustee
$0Pt VII · Sec A
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$0Pt VII · Sec A
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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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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.
See Horace Mann School 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
Offers continuous education for diverse youth from nursery through high school.
Questions for Horace Mann School
Your first name shows with your question. Horace Mann School answers here, for everyone.
1 program · $110.6M · in their own filed words · FY2023
01
Horace mann school is an educational institution conducting program at the nursery, lower, middle, and high school levels. During the 2023-2024 school year, the student body consisted of 1,795 students.
$110.6Mprogram 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
National Philanthropic TrustFY2024$1.9M
Fidelity Investments Charitable Gift FundFY2024$846K
The Goldman Sachs Charitable Gift FundFY2024$634K
Donor Advised Charitable Giving INCFY2024$365K
American Online Giving Foundation INCFY2024$249K
Jewish Communal FundFY2024$135K
Greater HorizonsFY2024$100K
Vanguard Charitable Endowment ProgramFY2024$100K
Total grants receivedfrom 14 funders$4.6M
Grants paid · 27 grants · $79.9M · 2019–2024
Unitemized GrantFY2024$15,034,957
Unitemized GrantFY2024$856,705
Van Cortlandt Park Alliance INCNY · FY2024$35,000
Prep for PrepNY · FY2024$25,000
American Jewish CommitteeNY · FY2024$20,000
Riverdale Neighborhood House INCNY · FY2024$10,000
Msk GivingNY · FY2024$10,000
Summer Steps at the Brick Church SchoolFY2024$6,000
Music for Life InstituteWA · FY2024$5,000
Rehabilitation Through the Arts INCNY · FY2024$5,000
Unitemized GrantFY2023$15,113,592
Van Cortlandt Park Alliance INCNY · FY2023$45,000
American Jewish CommitteeNY · FY2023$35,000
Hilltop Cares FoundationNY · FY2023$35,000
Prep for PrepNY · FY2023$15,000
George Jackson AcademyNY · FY2023$10,000
Riverdale Senior Services INCNY · FY2023$10,000
Riverdale Neighborhood House INCNY · FY2023$10,000
By the numbers
The FY2024 990, line by line.
Download 990
1The main four
Money inPt VIII
$144.9M
Ln 12
Fees for servicesLn 2g$115.7M
Gifts and grantsLn 1h$19.8M
Investment incomeLn 3$8.7M
Money outPt IX
$124.6M
Ln 25
Programscol B$110.6M
Managementcol C$11.2M
Fundraisingcol D$2.8M
Owns and owesPt X
$368.1M
net assets · Ln 32
Cash and savingsLn 1–2$17.7M
Total assetsLn 16$512.1M
LiabilitiesLn 26$144.0M
PeoplePt VI, VII
43
listed · VII A
PaidVII A11
Voting boardVI 1a32
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19.8M
Government grantsLn 1e$1.4M
Noncash giftsLn 1g$2.0M
Fundraising eventsLn 1c$1.2M
Fees for servicesLn 2g$115.7M
Investment incomeLn 3$8.7M
Other incomeLn 4–11$722K
Gains on assetsLn 7$2.1M
Total revenueLn 12$144.9M
Assets in detailPt X, end of year
CashLn 1$4.1M
SavingsLn 2$13.7M
Cash and savings togetherLn 1–2$17.7M
InvestmentsLn 11–13$296.1M
Land, buildings, equipmentLn 10c$179.6M
Other assetsLn 15$2.6M
Total assetsLn 16$512.1M
LiabilitiesLn 26$144.0M
Net assetsLn 32$368.1M
OperationsPt I, VI
EmployeesI 5597
VolunteersI 6850
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$14.1M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$38.2M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$2.0M
EndowmentSch D · Pt V
| Line | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| End of yearLn 1g | $52.5M | $42.8M | $36.6M | $35.0M | $28.7M |
| Given inLn 1b | $5.8M | $3.5M | $6.4M | $274K | $738K |
| SpentLn 1d–1f | $1.5M | $1.1M | $1.3M | $1.1M | $1.1M |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $38.5M | $17.7M |
| InvestmentsLn 11–13 | $230.0M | $296.1M |
| Land, buildings, equipmentLn 10c | $184.4M | $179.6M |
| Total assetsLn 16 | $472.3M | $512.1M |
| LiabilitiesLn 26 | $145.2M | $144.0M |
| Net assetsLn 32 | $327.1M | $368.1M |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $170K | $170K | ||
| Grants to domestic individualsLn 2 | $15.1M | $15.1M | ||
| Pay of current officers, directors and key staffLn 5 | $4.1M | $3.2M | $803K | $96K |
| Other salaries and wagesLn 7 | $51.2M | $47.2M | $2.9M | $1.1M |
| Pension plan contributionsLn 8 | $4.5M | $4.2M | $270K | $104K |
| Other employee benefitsLn 9 | $7.4M | $6.8M | $459K | $173K |
| Payroll taxesLn 10 | $3.7M | $3.4M | $245K | $84K |
| Legal feesLn 11b | $281K | $281K | ||
| Accounting feesLn 11c | $111K | $111K | ||
| Investment management feesLn 11f | $140K | $140K | ||
| Other fees for servicesLn 11g | $4.0M | $3.1M | $818K | $75K |
| Office expensesLn 13 | $2.7M | $2.1M | $471K | $98K |
| Information technologyLn 14 | $1.6M | $1.1M | $407K | $81K |
| OccupancyLn 16 | $4.3M | $3.9M | $391K | $43K |
| TravelLn 17 | $572K | $535K | $36K | $426 |
| Conferences, conventions and meetingsLn 19 | $1.0M | $784K | $76K | $145K |
| InterestLn 20 | $1.6M | $1.6M | ||
| Depreciation, depletion and amortizationLn 22 | $10.0M | $9.0M | $901K | $100K |
| InsuranceLn 23 | $938K | $938K | ||
| Other expenses (24a–d)Ln 24 | $10.9M | $8.3M | $2.0M | $671K |
| All other expensesLn 24e | $0 | $0 | $0 | $0 |
| Total functional expensesLn 25 | $124.6M | $110.6M | $11.2M | $2.8M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 15, 2026 | $146.4M | $130.9M | $15.5M | $407.9M | 990 PDF |
| FY2024 ViewingFiled with the IRS May 2, 2025 | $144.9M | $124.6M | $20.3M | $368.1M | 990 PDF |
| FY2023Filed with the IRS May 7, 2024 | $134.4M | $117.5M | $16.9M | $327.1M | 990 PDF |
| FY2022Filed with the IRS May 4, 2023 | $133.0M | $117.7M | $15.2M | $289.6M | 990 PDF |
| FY2021Filed with the IRS Apr 25, 2022 | $137.2M | $116.0M | $21.3M | $279.5M | 990 PDF |
| FY2020Filed with the IRS May 8, 2021 | $114.8M | $109.6M | $5.2M | $247.1M | 990 PDF |
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 FY2024 990 (6 parts)
Part I · Summary $144,942,370 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,532,524$19,804,417
I-9 Program service revenuePrior year $112,491,608$115,688,967
I-10 Investment incomePrior year $3,954,041$8,726,750
I-11 Other revenuePrior year $413,722$722,236
I-12 Total revenuePrior year $134,391,895$144,942,370
I-13 Grants and similar amounts paidPrior year $12,426,333$15,283,592
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $69,129,311$71,007,827
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $35,900,962$38,307,752
I-18 Total expensesPrior year $117,456,606$124,599,171
I-19 Revenue less expensesPrior year $16,935,289$20,343,199
Part VI · Governance 32 of 32 board members independent, no flags
VI-1a Voting members of the governing body32
VI-1b Independent voting members32
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 $144,942,370 across 11 lines filed
VIII-1c Fundraising events$1,233,610
VIII-1e Government grants$1,430,080
VIII-1f All other contributions, gifts and grants$17,140,727
VIII-1g Noncash contributions (included above)$2,043,338
VIII-1h Total contributions, gifts and grants$19,804,417
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $115,688,967$115,688,967
VIII-3 Investment incomeExcluded from tax $6,667,303$6,667,303
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,059,447$2,059,447
VIII-8 Net income from fundraising eventsExcluded from tax −$14,066−$14,066
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $736,302$736,302
VIII-12 Total revenueRelated to mission $115,688,967 · Unrelated business $0 · Excluded from tax $9,448,986$144,942,370
Part IX · Statement of functional expenses $124,599,171 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $170,000$170,000
IX-2 Grants to domestic individualsPrograms $15,113,592$15,113,592
IX-5 Pay of current officers, directors and key staffPrograms $3,177,375 · Management $802,553 · Fundraising $96,133$4,076,061
IX-7 Other salaries and wagesPrograms $47,160,937 · Management $2,911,686 · Fundraising $1,144,213$51,216,836
IX-8 Pension plan contributionsPrograms $4,155,373 · Management $269,641 · Fundraising $104,146$4,529,160
IX-9 Other employee benefitsPrograms $6,811,247 · Management $458,802 · Fundraising $173,149$7,443,198
IX-10 Payroll taxesPrograms $3,413,953 · Management $244,690 · Fundraising $83,929$3,742,572
IX-11b Legal feesManagement $280,592$280,592
IX-11c Accounting feesManagement $111,482$111,482
IX-11f Investment management feesManagement $140,099$140,099
IX-11g Other fees for servicesPrograms $3,132,055 · Management $817,650 · Fundraising $74,938$4,024,643
IX-13 Office expensesPrograms $2,120,299 · Management $471,260 · Fundraising $98,071$2,689,630
IX-14 Information technologyPrograms $1,138,381 · Management $406,565 · Fundraising $81,313$1,626,259
IX-16 OccupancyPrograms $3,907,637 · Management $390,764 · Fundraising $43,418$4,341,819
IX-17 TravelPrograms $535,372 · Management $35,961 · Fundraising $426$571,759
IX-19 Conferences, conventions and meetingsPrograms $784,331 · Management $75,987 · Fundraising $144,578$1,004,896
IX-20 InterestPrograms $1,628,211$1,628,211
IX-22 Depreciation, depletion and amortizationPrograms $9,007,789 · Management $900,779 · Fundraising $100,086$10,008,654
IX-23 InsuranceManagement $937,836$937,836
IX-24 Other expenses (24a–d)Programs $8,306,146 · Management $1,964,807 · Fundraising $670,919$10,941,872
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $110,562,698 · Management $11,221,154 · Fundraising $2,815,319$124,599,171
Part X · Balance sheet $512,054,660 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $3,056,085$4,058,995
X-2 Savings and temporary cash investmentsStart of year $35,422,303$13,677,887
X-3 Pledges and grants receivableStart of year $15,858,181$15,320,403
X-4 Accounts receivableStart of year $48,634$161,238
X-8 Inventories for sale or useStart of year $102,204$91,469
X-9 Prepaid expenses and deferred chargesStart of year $1,128,163$495,836
X-10c Land, buildings and equipment, netStart of year $184,429,654$179,564,778
X-11 Publicly traded securitiesStart of year $161,159,801$212,763,661
X-12 Other securitiesStart of year $68,829,517$83,353,805
X-15 Other assetsStart of year $2,265,673$2,566,588
X-16 Total assetsStart of year $472,300,215$512,054,660
X-17 Accounts payable and accrued expensesStart of year $7,550,050$6,204,669
X-19 Deferred revenueStart of year $62,734,540$64,145,154
X-20 Tax-exempt bond liabilitiesStart of year $16,446,018$14,058,823
X-24 Unsecured notes and loans payableStart of year $30,711,264$30,764,401
X-25 Other liabilitiesStart of year $27,774,940$28,787,193
X-26 Total liabilitiesStart of year $145,216,812$143,960,240
X-27 Net assets without donor restrictionsStart of year $275,828,741$306,235,746
X-28 Net assets with donor restrictionsStart of year $51,254,662$61,858,674
X-32 Total net assets or fund balancesStart of year $327,083,403$368,094,420
X-33 Total liabilities and net assetsStart of year $472,300,215$512,054,660
Part XI · Reconciliation of net assets $368,094,420 net assets at year end
XI-1 Total revenue$144,942,370
XI-2 Total expenses$124,599,171
XI-3 Revenue less expenses$20,343,199
XI-4 Net assets at start of year$327,083,403
XI-5 Net unrealized gains (losses) on investments$23,457,502
XI-9 Other changes in net assets−$2,789,684
XI-10 Net assets at end of year$368,094,420
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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