The Harker School

San Jose, CA · Public charity (501(c)(3)) · Since 1965 · Education

✓ Tax-deductible
Revenue
$136.4M
+2% vs prior year
Spent
$113.7M
To programs
81%
Net assets
$318.4M
By yearFY2020–FY2025
Revenue
$136.4M
FY2025▲ +2%
Revenue by fiscal year
FY2020$112.8M
FY2021$116.8M
FY2023$122.3M
FY2024$134.0M
FY2025$136.4M
Expenses
$113.7M
FY2025▲ +1%
Expenses by fiscal year
FY2020$91.4M
FY2021$81.7M
FY2023$100.0M
FY2024$112.4M
FY2025$113.7M
Net assets
$318.4M
FY2025▲ +10%
Net assets by fiscal year
FY2020$189.7M
FY2021$225.9M
FY2023$261.9M
FY2024$290.3M
FY2025$318.4M

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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CThe Harker School
EINHdr · item D94-1613808
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 1995
Year of formationHdr · item L1965
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CSan Jose, CA
NTEE classificationIRS BMFEducation (B200)
WebsiteHdr · item Jwww.harker.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.16 Fundraising $0.03
Program services81%$92.5M
Management & general16%$18.2M
Fundraising3%$2.9M
Total functional expensesLn 25$113.7M

Financial health

Is it on solid ground?

Program efficiency
81%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
15.6mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
+17%
revenue over expenses, this year▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$359.6M
FY2025▲ +6%
Total assets by fiscal year
FY2020$231.9M
FY2021$293.3M
FY2023$315.9M
FY2024$340.7M
FY2025$359.6M
Total liabilities
$41.2M
FY2025▼ -18%
Total liabilities by fiscal year
FY2020$42.2M
FY2021$67.3M
FY2023$54.0M
FY2024$50.4M
FY2025$41.2M
Revenue less expensesPt I · Ln 19$22.7M
Total assetsPt X · Ln 16$359.6M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$42.0M
Total assetsLn 16$359.6M
Total liabilitiesLn 26$41.2M
Total net assetsLn 32$318.4M
Months of cash on handcomputed4.4

Statement of Revenue

Part VIII
Program service revenue$120.1M · 88%
Contributions & grants$9.3M · 7%
Investment income$6.2M · 5%
Other revenue$814K · 1%
Program service revenue88%$120.1M
Contributions & grants7%$9.3M
Investment income5%$6.2M
Other revenue1%$814K
Total revenueLn 12$136.4M

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $146.7M · Operating expenses (Pt IX) $113.7M · Less non-cash grants $892K · Cash operating expenses/yr $112.8M
15.6 months
Where the money goes
Program services
Program services $92.5M · Total expenses $113.7M
81%
Management & General
Management & general $18.2M · Total expenses $113.7M
16%
Fundraising
Fundraising $2.9M · Total expenses $113.7M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $2.7M · Solicited contributions (3-yr avg) $10.6M
$0.25 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $9.3M · Total revenue $136.4M
7%
Government reliance
Government grants — · Total revenue $136.4M
—
Earned-income share
Program service revenue $120.1M · Total revenue $136.4M
88%
Investment reliance
Investment income $6.2M · Total revenue $136.4M
+5%
Program self-sufficiency
Program service revenue $120.1M · Total expenses $113.7M
106%
Growth & trend
Revenue growth (YoY)
This year $136.4M · Prior year $134.0M
+2%
Revenue CAGR
FY2019 $112.8M · FY2024 $136.4M
+4%
Net-asset trend (YoY)
End of year $318.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $136.4M · Expenses $113.7M
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $359.6M
—
Net-asset ratio
Net assets $318.4M · Total assets $359.6M
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $104.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $359.6M
29%
People & payroll
Highest Reported Total Compensation
Individual Brian Yager · Reported title HEAD OF SCHOOL · Highest reported compensation $644K · Total expenses $113.7M
0.6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $69.3M · Total expenses $113.7M
61%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 16%——
Fundraising cost ratio 31%——
Revenue growth 2%——
Investment management fee ratio 0.1%——
Legal fee ratio 0.1%——
Accounting fee ratio 0.10%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$643,506Pt VII · Sec A
Asst. Head of School
$402,921Pt VII · Sec A
Chief Financial Officer
$365,504Pt VII · Sec A
Director of Advancement
$280,140Pt VII · Sec A
$263,682Pt VII · Sec A
Employee
$254,425Pt VII · Sec A
Employee
$238,087Pt VII · Sec A
$236,736Pt VII · Sec A

Brian Yager’s $644K as Head of School is at the 55th 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

NameFY2025FY2024FY2023FY2021FY2020
Brian Yager$643,506$587,506$682,161$553,707$498,274
Jennifer Gargano$402,921$381,715$366,049$357,192$329,730
Martin Bradford$365,504$332,803$337,651$311,631$289,050
Kimberly Lobe$280,140$266,040$256,626$244,583$221,414
Kendricks Allen$263,682$248,133$233,883——
Paul Barsky$254,425$244,336———
Samuel Keller———$245,414$231,807
Sarah J Leonard——$244,111$226,539$217,311

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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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Prepares students for college with a focus on kindness, respect, and integrity.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $92.5M of program spending, described in the organization's own filed words · FY2024.
01

The harker school is a coeducational, independent, college-preparatory day school serving students in TK-12TH grade. The school's goal is to develop lifelong learners and well-rounded global citizens.

$92.5Mprogram expense

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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 · FY2025
Total grants receivedfrom 3 funders$22K
See all 3 funders →
Grants paid · 5 grants · $45.0M · 2019–2024
Unitemized GrantFY2024$9,602,385
Unitemized GrantFY2023$9,000,975
Unitemized GrantFY2022$8,263,562
Unitemized GrantFY2020$9,199,703
Unitemized GrantFY2019$8,894,394

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $136.4M$113.7M+2% 990 PDF
FY2024 $134.0M$112.4M+10% 990 PDF
FY2023 $122.3M$100.0M+5% 990 PDF
FY2022 Not on file
FY2021 $116.8M$81.7M+4% 990 PDF
FY2020 $112.8M$91.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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