Skip to content
Nonprofiteer
← HORACE MANN SCHOOL

Form 990 for tax year 2022

Filed by HORACE MANN SCHOOL.

Totals

Total revenue
$134,391,895
Total expenses
$117,456,606
Contributions and grants received
$17,532,524
Grants paid
$12,426,333
Program service revenue
$112,491,608
Investment income
$3,954,041
Other revenue
$413,722
Total assets, end of year
$472,300,215
Total liabilities, end of year
$145,216,812
Net assets or fund balances, end of year
$327,083,403
Program services expenses (Part IX)
$103,614,148
Management and general expenses
$11,171,869
Fundraising expenses
$2,670,589
Program service expenses (Part III)
$103,614,148

Program services were 88.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,429,285

  • 1e · Government grants (contributions)

    $1,709,866

  • 1f · All other contributions, gifts and grants

    $14,393,373

  • 1g · Noncash contributions included above

    $1,357,291

  • 2a · Program service revenue: TUITION

    total $108,450,171 · related or exempt $108,450,171

  • 2b · Program service revenue: OTHER FEES

    total $3,668,433 · related or exempt $3,668,433

  • 2c · Program service revenue: OTHER PRORGAM REVENUES

    total $299,440 · related or exempt $299,440

  • 2d · Program service revenue: AUXILIARY REVENUES

    total $73,564 · related or exempt $73,564

  • 3 · Investment income

    total $4,039,394 · unrelated business $37,978 · excluded $4,001,416

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $14,937,604

  • 7b · Less cost or other basis and sales expenses

    securities $15,022,957

  • 7c · Gain or loss

    securities -$85,353

  • 7d · Net gain or loss

    total -$85,353 · excluded -$85,353

  • 8a · Fundraising events: gross income

    $159,567

  • 8a · Fundraising events: contributions included on line 1c

    $1,429,285

  • 8b · Fundraising events: direct expenses

    $372,187

  • 8c · Net income from fundraising events

    total -$212,620 · excluded -$212,620

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER

    total $626,342 · excluded $626,342

  • 11e · Other revenue, total

    $626,342

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $232,800 · program services $232,800

  • 2 · Grants to domestic individuals

    total $12,193,533 · program services $12,193,533

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $3,894,676 · program services $3,038,352 · management and general $765,221 · fundraising $91,103

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $50,052,892 · program services $46,111,345 · management and general $2,862,145 · fundraising $1,079,402

  • 8 · Pension plan contributions

    total $4,098,443 · program services $3,817,987 · management and general $198,567 · fundraising $81,889

  • 9 · Other employee benefits

    total $7,485,191 · program services $6,852,178 · management and general $463,764 · fundraising $169,249

  • 10 · Payroll taxes

    total $3,598,109 · program services $3,284,518 · management and general $235,534 · fundraising $78,057

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $953,012 · management and general $953,012

  • 11c · Fees: accounting

    total $100,538 · management and general $100,538

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $126,267 · management and general $126,267

  • 11g · Fees: other

    total $3,436,812 · program services $2,629,228 · management and general $735,691 · fundraising $71,893

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $2,651,566 · program services $1,922,310 · management and general $588,053 · fundraising $141,203

  • 14 · Information technology

    total $1,219,553 · program services $853,684 · management and general $304,890 · fundraising $60,979

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $4,220,971 · program services $3,798,874 · management and general $379,887 · fundraising $42,210

  • 17 · Travel

    total $598,504 · program services $560,287 · management and general $38,217

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $719,336 · program services $591,177 · management and general $34,564 · fundraising $93,595

  • 20 · Interest

    total $1,700,057 · program services $1,700,057

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $10,350,448 · program services $9,315,403 · management and general $931,540 · fundraising $103,505

  • 23 · Insurance

    total $970,808 · management and general $970,808

  • 24a · Other expenses: FOOD SERVICE

    total $3,766,881 · program services $3,766,881

  • 24b · Other expenses: OTHER

    total $4,960,287 · program services $2,819,612 · management and general $1,483,171 · fundraising $657,504

  • 24c · Other expenses: PA EXPENSES

    total $125,922 · program services $125,922

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,776,181 · end of year $3,056,085

  • 2 · Savings and temporary cash investments

    beginning of year $31,572,755 · end of year $35,422,303

  • 3 · Pledges and grants receivable

    beginning of year $17,023,317 · end of year $15,858,181

  • 4 · Accounts receivable

    beginning of year $44,859 · end of year $48,634

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $76,700 · end of year $102,204

  • 9 · Prepaid expenses and deferred charges

    beginning of year $416,720 · end of year $1,128,163

  • 10a · Land, buildings and equipment: cost or other basis

    $288,718,848

  • 10b · Land, buildings and equipment: accumulated depreciation

    $104,289,194

  • 10c · Land, buildings and equipment, net

    beginning of year $189,377,485 · end of year $184,429,654

  • 11 · Investments: publicly traded securities

    beginning of year $119,518,360 · end of year $161,159,801

  • 12 · Investments: other securities

    beginning of year $58,541,299 · end of year $68,829,517

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,408,200 · end of year $2,265,673

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,406,598 · end of year $7,550,050

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $65,049,433 · end of year $62,734,540

  • 20 · Tax-exempt bond liabilities

    beginning of year $18,727,770 · end of year $16,446,018

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $40,493,129 · end of year $30,711,264

  • 25 · Other liabilities

    beginning of year $29,490,668 · end of year $27,774,940

  • 27 · Net assets without donor restrictions

    beginning of year $246,089,205 · end of year $275,828,741

  • 28 · Net assets with donor restrictions

    beginning of year $43,499,073 · end of year $51,254,662

Mission and programs · 2022

Mission

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.

Activities or mission (Part I)

TO PROVIDE A CONTINUOUS EDUCATION Progam FOR BOYS, GIRLS, AND OTHERS WHO IDENTIFY DIFFERENTLY, FROM nursery THROUGH HIGH SCHOOL.

  • HORACE MANN SCHOOL IS AN EDUCATIONAL INSTITUTION CONDUCTING PROGRAM AT THE NURSERY, LOWER, MIDDLE, AND HIGH SCHOOL LEVELS. DURING THE 2022-2023 SCHOOL YEAR, THE STUDENT BODY CONSISTED OF 1,801 STUDENTS.

    Expenses $103,614,148 · Grants $12,482,865 · Revenue $112,491,608

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas Kelly

    Head of School

    Total calculated
    $1,953,517
    From this org
    $1,589,684
    From related orgs
    $0
    Other
    $363,833
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,151,476
    Bonus
    $350,000
    Other
    $88,208
    Deferred
    $363,833
    Nontaxable benefits
    $0
    Filer's total
    $1,953,517

  • Canh Oxelson

    Exec Dir. College Counseling

    Total calculated
    $589,024
    From this org
    $502,000
    From related orgs
    $0
    Other
    $87,024
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $406,947
    Bonus
    $5,000
    Other
    $90,053
    Deferred
    $30,500
    Nontaxable benefits
    $56,524
    Filer's total
    $589,024

  • Melissa Parento

    Dir. of ALumni/Development

    Total calculated
    $491,597
    From this org
    $391,059
    From related orgs
    $0
    Other
    $100,538
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,002
    Bonus
    $5,000
    Other
    $88,057
    Deferred
    $30,500
    Nontaxable benefits
    $70,038
    Filer's total
    $491,597

  • Jessica Levenstein Davis

    Head of Upper Division

    Total calculated
    $473,662
    From this org
    $359,302
    From related orgs
    $0
    Other
    $114,360
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,267
    Bonus
    $5,000
    Other
    $1,035
    Deferred
    $30,500
    Nontaxable benefits
    $83,860
    Filer's total
    $473,662

  • Adam Kenner

    Director of Technology

    Total calculated
    $470,896
    From this org
    $397,844
    From related orgs
    $0
    Other
    $73,052
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,349
    Bonus
    $5,000
    Other
    $96,495
    Deferred
    $30,500
    Nontaxable benefits
    $42,552
    Filer's total
    $470,896

  • Lisa J Moreira

    Dir. Inst. Research/Enrollment

    Total calculated
    $448,954
    From this org
    $345,387
    From related orgs
    $0
    Other
    $103,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $306,161
    Bonus
    $5,000
    Other
    $34,226
    Deferred
    $30,500
    Nontaxable benefits
    $73,067
    Filer's total
    $448,954

  • Deena Neuwirth

    Head of Lower Division

    Total calculated
    $436,301
    From this org
    $312,980
    From related orgs
    $0
    Other
    $123,321
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $306,962
    Bonus
    $5,000
    Other
    $1,018
    Deferred
    $30,500
    Nontaxable benefits
    $92,821
    Filer's total
    $436,301

  • Gordon A Jensen

    Director of Facilities

    Total calculated
    $414,362
    From this org
    $364,634
    From related orgs
    $0
    Other
    $49,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,165
    Bonus
    $5,000
    Other
    $13,469
    Deferred
    $30,500
    Nontaxable benefits
    $19,228
    Filer's total
    $414,362

  • Edward L Sinclair

    CFO (Through 1/16/22)

    Total calculated
    $408,733
    From this org
    $402,341
    From related orgs
    $0
    Other
    $6,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,495
    Bonus
    $288,752
    Other
    $94
    Deferred
    $2,542
    Nontaxable benefits
    $3,850
    Filer's total
    $408,733

  • David Roberts

    Chief Financial Officer

    Total calculated
    $394,848
    From this org
    $317,240
    From related orgs
    $0
    Other
    $77,608
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $311,388
    Bonus
    $5,000
    Other
    $852
    Deferred
    $30,500
    Nontaxable benefits
    $47,108
    Filer's total
    $394,848

  • Javaid Khan

    Head of Middle Division

    Total calculated
    $374,153
    From this org
    $297,521
    From related orgs
    $0
    Other
    $76,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,521
    Bonus
    $5,000
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $46,132
    Filer's total
    $374,153

  • Marines Arroyo-Stuart

    Head of Nursery Division

    Total calculated
    $325,693
    From this org
    $253,114
    From related orgs
    $0
    Other
    $72,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,298
    Bonus
    $5,000
    Other
    $816
    Deferred
    $25,975
    Nontaxable benefits
    $46,604
    Filer's total
    $325,693

  • Laurence Grafstein

    Chairman

    Total calculated
    $0
    Hours/week
    8

  • Matthew Mark

    Vice-Chair

    Total calculated
    $0
    Hours/week
    8

  • Brian L Eizenstat

    Treasurer

    Total calculated
    $0
    Hours/week
    8

  • Amanda Salzhauer

    Secretary

    Total calculated
    $0
    Hours/week
    8

  • Susan Asante-Abdei

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Glenn August

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Michael Bennett

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Daniel Benton

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Samantha Cooper Brand

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Jackie Friedman Brogadir

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Steven C Bussey

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Jay Eisenhofer

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Drew Figdor

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Winston C Fisher

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Tracy Hampton-Fraser

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Irfan Hussain

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Lauren Krueger

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Justin D Lerer

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Howard W Lutnick

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Monica M Mandelli

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Crystal McCrary

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Avinash Mehrotra

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Stephen Mong

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Andrew L Olshan

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Robert O Owens

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Michael A Pruzan

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Vinayak Singh

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Catherine Goodstein Wallace

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Keren Weltsch

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Mariko Zeitlin

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Sally Zhang

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Sara Zion

    Trustee

    Total calculated
    $0
    Hours/week
    8

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A
THE HOUSING ALLOWANCE IS PROVIDED TO THOMAS KELLY, HEAD OF SCHOOL AND LISA MOREIRA, DIRECTOR OF INSTITUTIONAL RESEARCH & ENROLLMENT MANAGEMENT. HOUSING IS PROVIDED ON CAMPUS AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE EMPLOYER PURSUANT TO CONTRACTUAL PROVISION AND IS NONTAXABLE. SOCIAL CLUB DUES ARE NON-TAXABLE BY VIRTUE OF BEING A WORKING CONDITION FRINGE UNDER IRC SECTION 132.
SCHEDULE J, PART I, LINE 4B:
Thomas Kelly participated in a 457(f) plan and accrued $333,333 during calendar year 2022.
SCHEDULE J, PART I, LINE 7:
THE HEAD OF SCHOOL'S BONUS WAS APPROVED BY THE BOARD CHAIR BASED ON PERFORMANCE. THE OTHER EMPLOYEES' BONUSES WERE APPROVED BY THE HEAD OF SCHOOL BASED ON PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
30 March 2024
IRS schema version
2022v5.0
Source object
202421289349300242

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.