Herron High School Inc
- Assets
- $21.6m
- Revenue
- $21.8m
- Investments
- $0.0
- Employees
- 256
- Location
- Indianapolis, IN
- Founding
- 10/2005
- Data as of
- 06/2022
- EIN
- 20-2010941
Organization Overview
Herron High School Inc is located in Indianapolis, IN. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Herron High School Inc employed 256 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herron High School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Herron High School Inc generated $21.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $18.1m during the year ending 06/2022. While expenses have increased by 17.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HERRON HIGH SCHOOL PARTNERS WITH FAMILIES AND THE COMMUNITY TO PROVIDE A CLASSICAL LIBERAL ARTS EDUCATION THAT INTEGRATES KNOWLEDGE, INSPIRES CHARACTER AND VALUES COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERRON HIGH SCHOOL, INC. (D/B/A HERRON CLASSICAL SCHOOLS) IS A NETWORK OF CHARTER SCHOOLS, OPERATING HERRON HIGH SCHOOL, HERRON-RIVERSIDE HIGH SCHOOL, AND HERRON PREPARATORY ACADEMY. HERRON CLASSICAL SCHOOLS PROVIDES PUBLIC, K-12 EDUCATION THROUGH A CLASSICAL, LIBERAL ARTS CURRICULUM. HCS' CURRICULUM IS STRUCTURED AROUND A HISTORICAL TIMELINE WHICH EMPHASIZES THE CLASSIC ART AND LITERATURE OF MANY CULTURES. FOR THE 2021-2022 SCHOOL YEAR, THE SCHOOLS SERVED OVER 1,500 STUDENTS DURING THE ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Roy President, Board Of Directors | OfficerTrustee | 10 | $0 |
Mark Nottingham Vice President, Board Of Directors | OfficerTrustee | 5 | $0 |
Adrian Miller Treasurer, Board Of Directors | OfficerTrustee | 5 | $0 |
Mary Ann Sullivan Secretary, Board Of Directors | OfficerTrustee | 5 | $0 |
Michael Allen Director | Trustee | 5 | $0 |
Patrick Chittendan Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Executive Image Building Service Inc Facilities Mgmt & Janitorial | 6/29/21 | $201,443 |
A'viands Food Services And Mgmt | 6/29/21 | $141,838 |
North Mechanical Services Inc Hvac | 6/29/21 | $146,732 |
Progressive Therapy Services Speech & Occupational Therapy For Studen | 6/29/21 | $103,168 |
Lmc Service Solutions Hvac | 6/29/21 | $100,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,750 |
| Related organizations | $0 |
| Government grants | $19,384,173 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,983,096 |
| Noncash contributions included in lines 1a–1f | $35,729 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,399,019 |
| Total Program Service Revenue | $274,936 |
| Investment income | $107,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $861 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,780,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,070,444 |
| Compensation of current officers, directors, key employees. | $90,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,143,650 |
| Pension plan accruals and contributions | $791,337 |
| Other employee benefits | $911,321 |
| Payroll taxes | $729,198 |
| Fees for services: Management | $107,671 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $97,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $955,331 |
| Advertising and promotion | $39,077 |
| Office expenses | $0 |
| Information technology | $237,028 |
| Royalties | $0 |
| Occupancy | $1,418,993 |
| Travel | $24,170 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $117,184 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $854,914 |
| Insurance | $156,083 |
| All other expenses | $0 |
| Total functional expenses | $18,149,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,132,315 |
| Savings and temporary cash investments | $415,087 |
| Pledges and grants receivable | $1,777,850 |
| Accounts receivable, net | $9,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $93,958 |
| Net Land, buildings, and equipment | $9,544,729 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,938 |
| Other assets | $6,638,949 |
| Total assets | $21,629,178 |
| Accounts payable and accrued expenses | $1,910,698 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,182,799 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $64,514 |
| Secured mortgages and notes payable | $2,692,381 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,850,392 |
| Net assets without donor restrictions | $10,403,048 |
| Net assets with donor restrictions | $3,375,738 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,629,178 |